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☆ CNBC Daily Open: Banks might not love lower rates unconditionally
▼ + stars: | 2024-09-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Big price reportsThe U.S. consumer price index for August comes out later today, while the producer price index, which measures prices at the wholesale level, will be released a day later. They're the last major economic data the Federal Reserve will receive — and hence influence its decision on the size of cuts — before its meeting next week. Separately, JPMorgan shares fell 5.19% after the bank's president Daniel Pinto lowered expectations for next year's net interest income.

Persons: Dow, Jamie Dimon, JPMorgan Chase, stagflation, Daniel Pinto Organizations: CNBC, Nasdaq, Continental, BMW, Federal Reserve, JPMorgan, U.S, Apple Intelligence Apple Locations: Basel

☆ Apple's AirPods just challenged over-the-counter hearing aids
▼ + stars: | 2024-09-10 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Read previewApple has the over-the-counter hearing aid market in its sights — and execs in the audiology space are likely sitting up straight after Monday's announcement by the tech giant. The AirPods Pro 2 — first launched in 2022 and refreshed in 2023 — will soon feature a "clinical-grade, over-the-counter Hearing Aid feature" via a software update slated for the fall, Apple said. Related storiesThe AirPods Pro 2 retail for $249, while over-the-counter hearing aids can range from $99 to $3,000, according to the National Council on Aging (NCOA). Apple's new hearing-focused features for the AirPods Pro 2 are multifaceted. AdvertisementThe Hearing Aid feature on AirPods Pro 2 can boost voices, media, and phone calls, Apple says.

Persons: —, Apple, Johns Hopkins, Dr, Nicholas Reed Organizations: Service, Business, Apple, Food and Drug Administration, Street, World Health Organization, WHO, National Council, Aging, AirPods Locations: Germany, Japan

☆ Apple will hit a $4 trillion market cap in 2025 as the iPhone 16 sparks big upgrade cycle, Wedbush says
▼ + stars: | 2024-09-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Apple's iPhone 16 launch will drive the company to a $4 trillion valuation by 2025, Wedbush said. Pent-up demand and unchanged prices are set to fuel iPhone 16 sales, especially in China, Ives said. AdvertisementApple's upcoming launch of the iPhone 16 will help catapult the company to a $4 trillion valuation in 2025, according to Wedbush Securities. That pent-up demand among iPhone users who need a new phone will ultimately help fuel iPhone 16 unit sales of 240 million in 2025, he predicted. Apple stock is down about 1.5% since it unveiled its iPhone 16 lineup on Monday.

Persons: Wedbush, Dan Ives, Ives, — Organizations: Service, Wedbush Securities, Apple Intelligence, Apple, Baidu Locations: China, Asia

☆ Apple failed to mention one pretty big iPhone concern at its Glowtime event — and that's a problem
▼ + stars: | 2024-09-10 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Analysts have predicted a "golden upgrade cycle" for Apple following the official launch of the iPhone 16, complete with AI capabilities. Still, execs didn't mention the massive market — where its iPhone sales have struggled in 2024 — at the Glowtime event. AdvertisementThe reported partnership with Baidu "will fill in a missing piece of the AI puzzle in the key China market," Wedbush Securities analysts wrote in a Monday note. Apple's Chinese smartphone competitors aren't letting up in their pursuit of dethroning the giant. Related storiesApple may be experiencing a slip in smartphone sales in China, but Huawei saw its sales leap 69.7% in the first three months of 2024.

Persons: —, OpenAI, Max, It's Organizations: Service, Analysts, Apple, Business, Huawei, Street Journal, Apple Intelligence, preorder, Baidu, Wedbush Securities Locations: China, —, Greater China

☆ Apple's China rival Huawei just upstaged the iPhone 16 launch
▼ + stars: | 2024-09-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

This year, however, one of its top rivals in China has tried to rewrite the script. To make its challenge even clearer, Huawei is putting the Mate XT on sale in stores on September 20 — the same day the iPhone 16 will be available in China. Huawei's Mate XT will go on sale the same day as the iPhone 16 in China. AdvertisementFor some time now, Apple has anxiously been watching iPhone sales tumble in China. AdvertisementBut in the meantime, iPhones without AI could prove to be a tougher sell in China in the face of stiff competition.

Persons: —, Jamie MacEwan, MacEwan, raring, Gene Munster, Richard Windsor —, Apple Organizations: Service, Huawei, Business, Apple, Enders Analysis, Apple Intelligence, Deepwater Asset Management, Radio Free Mobile, Windsor Locations: China

☆ CNBC Daily Open: Did Apple’s shiny new things uplift markets?
▼ + stars: | 2024-09-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Justin Sullivan | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineMaybe all it takes are shiny new things to lift our mood and take our minds off recession fears. Of course, Apple's event is not the sole reason markets rose yesterday. They'll also let us know if we can afford those shiny new things that Apple's dangling in front of us.

Persons: Pro Max, Justin Sullivan, I'm, Zers, CNBC's Kelly Evans, They'll, – CNBC's Pia Singh, Lisa Kailai Han Organizations: Pro, Apple, Getty, CNBC, Research, Bloomberg, Nvidia, Nasdaq, Dow Jones Industrial Locations: Cupertino , California, U.S, Cupertino

☆ Does my old iPhone still work with Apple's new iOS 18? The answer is all about AI
▼ + stars: | 2024-09-10 | by ( Alistair Barr | ) www.businessinsider.com time to read: +1 min

Apple usually drops software support for some old iPhone models every year. The company unveiled its new iOS 18 operating system along with new iPhone 16 models on Monday. AdvertisementWhen Apple launched the iPhone XR, no one had heard of COVID-19 and most of us only wore masks at Halloween. And on Monday, Apple committed to supporting this device for another year, so it will work for at least 7 years. Apple usually makes some old iPhone models obsolete every year by dropping software support.

Persons: —, Apple Organizations: Apple, Service, Business

Asia-Pacific markets were mixed on Tuesday, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year. The S&P 500 gained 1.16%, after posting its worst week since March 2023. The Nasdaq Composite also jumped 1.16% following its worst week in more than two years. China's exports grew 8.7% year-on-year in August and imports grew 0.5%, customs data showed, compared to the forecast of 6.5% and 2%, respectively, in a Reuters poll. Apple just wrapped up an event at its headquarters in Cupertino, California, where it unveiled the iPhone 16 Pro and the iPhone 16 Pro Max, which join the iPhone 16 and iPhone 16 Plus the company announced earlier.

Organizations: Nasdaq, Traders, Apple Locations: Shanghai, China, Asia, Pacific, India, Cupertino , California

☆ How the iPhone evolved over the years, from the iconic 2007 original to the AI-infused iPhone 16
▼ + stars: | 2024-09-10 | by ( Avery Hartmans | Jaures Yip | ) www.businessinsider.com time to read: +1 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Back on June 29, 2007, when Apple's cofounder and then-CEO Steve Jobs unveiled the original iPhone, he called it "an iPod, a phone, and an internet communicator," all in one. This story is available exclusively to Business Insider subscribers. Here's a look at how the iPhone has evolved from 2007 to now.

Persons: —, Steve Jobs, Jobs Organizations: Service, Business

☆ CNBC Daily Open: Did Apple’s shiny new things improve market sentiment?
▼ + stars: | 2024-09-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Nic Coury | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineMaybe all it takes are shiny new things to lift our mood and take our minds off recession fears. Of course, Apple's event is not the sole reason markets rose yesterday. They'll also let us know if we can afford those shiny new things that Apple's dangling in front of us.

Persons: HSI, Nic Coury, I'm, Zers, CNBC's Kelly Evans, They'll, – CNBC's Pia Singh, Lisa Kailai Han Organizations: Apple, AFP, Getty, CNBC, Research, Bloomberg, Nvidia, Nasdaq, Dow Jones Industrial Locations: Cupertino , California, U.S, Cupertino

Apple said Monday that a version of its latest AirPods earbuds will come with built-in hearing aids, which it says would help more than 1 billion people globally. The feature on the AirPods Pro, which Apple describes as equivalent to an over-the-counter hearing aid, is designed for users with mild to moderate hearing loss. "This helps them better engage in conversation, and keeps them connected to the people and environment around them," Apple said. AppleThe AirPods Pro will use the personalized hearing profile to inform how its hearing aid feature adjusts sounds in real time, including phone calls, music and other types of media. Apple noted that according to the World Health Organization, about 1.5 billion people around the world live with hearing loss.

Persons: Apple, ” Sarah Herrlinger, Apple’s Organizations: Apple, World Health Organization, AirPods, Apple Watch, U.S . Food, Drug Administration

Apple on Monday charged into the artificial intelligence craze with a new iPhone lineup that marks the company’s latest attempt to latch onto a technology trend and transform it into a cultural phenomenon. The four different iPhone 16 models will all come equipped with special chips needed to power a suite if AI tools that Apple hopes will make its marquee product even more indispensable and reverse a recent sales slump. Most of Apple’s AI functions will roll out as part of a free software update to iOS 18, the operating system that will power the iPhone 16 coming out in December. English will be the featured language at launch but an update enabling other languages will come out next year, according to Apple. Although Apple is releasing a free version of its operating system to propel its on-device AI features, the chip needed to run the technology is only available on the iPhone 16 lineup and the high-end iPhone 15 models that came out a year ago.

Persons: Siri, Tim Cook, Apple, ”, Paolo Pescatore, OpenAI Organizations: Apple, Samsung, Google, Apple Intelligence, Samsung Galaxy Locations: Cupertino , California, Monday’s

People walk past an Apple store in the Americana at Brand shopping center on December 26, 2023 in Glendale, California. Apple Intelligence — the collective brandname for all of Apple’s own AI tools — is intended to be more of a personal assistant than anything else. What about your data: Since Apple Intelligence and ChatGPT will be used for largely different purposes, the amount and type of information users send to each AI may be different, too. While Apple users will have to send their personal information and AI queries to OpenAI if they want to use ChatGPT, Apple has said that most of the time Apple Intelligence won’t be sending user data anywhere. As much as possible, Apple will try to process AI prompts directly on your device using smaller AI models.

Persons: Mario Tama, you’ve, ChatGPT, Siri, Apple Organizations: Apple, Brand, Apple Intelligence Locations: Glendale , California

☆ Apple's awkward iPhone problem
▼ + stars: | 2024-09-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

We still don't know when exactly the iPhone will have the much-anticipated AI features, though. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementApple fans have been eagerly awaiting news of the new iPhone and its new AI-supporting features.

Persons: Apple, —, it's Organizations: Apple, Apple Intelligence, Service, Business

☆ Apple's new iPhone 16 with AI seems ... kind of boring. That could actually be a good thing.
▼ + stars: | 2024-09-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple spent much of the presentation emphasizing how the iPhone 16 was "built from the ground up to deliver Apple Intelligence." For me, the most interesting features coming to Apple Intelligence are the Writing Tools, AI-generated emojis, and the camera's visual intelligence capabilities. He said the keynote video doesn't do the new iPhone 16 lineup justice. AdvertisementThe tech giant reportedly began briefing its retail employees on all things Apple Intelligence weeks before the iPhone 16 lineup launch. It seems to me that Apple is gearing up to have consumers see its new AI tech for themselves before deciding to upgrade.

Persons: —, Tim Cook, it's, Siri, Gene Munster, Munster Organizations: Service, Apple Intelligence, Apple, Business, Google, Wedbush Securities, Deepwater Asset Management, Munster

☆ Apple's AirPods will lower the volume so you can have a conversation in real life — but is that rude?
▼ + stars: | 2024-09-09 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

The noise-canceling ones include a feature called "Conversation Awareness" — and it could change the way we talk to each other. (This feature debuted last fall with the AirPods Pro models.) Isn't it, you know, kind of rude to keep your AirPods in while talking to someone — even if the sound is turned down? So how do you tell if someone is wearing their AirPods to help them hear, or is just being rude? So maybe the norm around wearing AirPods even while talking in real life should change — and will help normalize using AirPods as hearing aids.

Persons: I've, I'm Organizations: Service, Apple

☆ Huawei's new trifold phone got more than 2 million preorders in a few hours, just before Apple is set to announce new iPhones
▼ + stars: | 2024-09-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOne of China's top smartphone makers raked in 2.8 million preorders for its latest phone just one day after reservations began — even before people learned its price. Huawei's Mate XT, a trifold smartphone, is set to be unveiled during an event on Tuesday in China. On Huawei's online sales platform, which is selling the device in two colors, nearly 3 million people had registered interest at publication time. While pricing for the latest phone, which folds twice, is not known, Huawei has recently been competing with Apple in the same price territory. According to data compiled by third parties, Apple has recently fallen off the list of the top five best-selling smartphone makers in China.

Persons: —, Xiaomi Organizations: Service, Business, Apple, Huawei, IDC Locations: China, Shenzhen

☆ Apple is officially about to enter the next stage of its AI era at the Glowtime event
▼ + stars: | 2024-09-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple is gearing up to announce a new lineup of devices at its Glowtime event Monday. All eyes have been on the tech giant since it unveiled Apple Intelligence at its Worldwide Developers Conference in June. The tech giant is also expected to launch new models of AirPods and the Apple Watch. Advertisement"We believe the excitement over Apple Intelligence can potentially accelerate hardware replacement and enable market share gain for iPhone, iPad, and Mac," Oppenheimer strategists said in a note.

Persons: —, Dan Ives, Greg Joswiak, Gadjo Sevilla, Mark Gurman isn't, Gurman, Midlevel, Oppenheimer Organizations: Service, Apple Intelligence, Worldwide Developers Conference, Business, Wedbush Securities, Apple, Google, Huawei, Bloomberg, Apple Watch Locations: California, China

☆ Apple 'Glowtime' event summary: Tim Cook announces new iPhone 16 series, Apple Watch, AirPods, and AI features
▼ + stars: | 2024-09-09 | by ( Jordan Hart | Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Apple Park is buzzing after Tim Cook and other executives took the wraps off the new iPhone 16 lineup, AirPods 4, AirPods Pro, and the latest Apple Watch Series 10. The Apple executives were careful to walk through how the new iPhone 16 will be outfitted with the company's flavor of generative AI features, called Apple Intelligence, and the new features available in iOS 18 as a result. AdvertisementOver the course of Apple's "It's Glowtime" event, the company showcased a range of AI features, new camera technology, and other improvements to both its hardware and software. Apple Intelligence will be closely integrated across iOS 18, and that means more people will likely use AI on a daily basis as a result. Not all of the features will be available right at the launch of the iPhone 16, with some available later in the year or even in 2025.

Persons: —, Tim Cook Organizations: Service, Apple, AirPods, Apple Intelligence, Business, Google, ChatGPT . Apple Intelligence Locations: ChatGPT

☆ Apple's event will serve as a litmus test for the wider AI industry
▼ + stars: | 2024-09-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Apple is gearing up to announce a new lineup of devices at its 'Glowtime' event today — that's where we kick things off in our big story. AdvertisementApple's "Glowtime" event is today, the latest iteration of the tech giant's annual unveiling of its newest iPhone , writes Business Insider's Jordan Hart. AdvertisementAppleThe Apple event will also serve as a litmus test for the wider AI industry. Even giants like Microsoft and Amazon have struggled to turn their big AI bets into revenue drivers. AdvertisementSuccess could give the AI industry more confidence that there is a light at the end of the AI spending tunnel.

Persons: —, Chelsea Jia Feng, Insider's Jordan Hart, Apple, that's, BI's Hasan Chowdhury, that'll, –, Siri, Jenny Chang, Rodriguez, Paul Graham's, Brian Niccol, Laxman Narasimhan, Dan DeFrancesco, Hallam Bullock, Grace Lett, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Chelsea, Apple, Apple Intelligence, Microsoft, Amazon, Getty, Nvidia, JPMorgan, DOJ, Google, Oracle Locations: China, New York, London, Chicago

Both the iPhone 16 and the iPhone 16 Pro will be available for pre-order on Friday and in stores on September 20, Apple announced. They’re also available in two sizes: 6.1 inches for the iPhone 16 and 6.7 inches for iPhone 16 Plus. IPhone 16 ProThe new iPhone 16 Pro. From AppleThe iPhone 16 Pro, Apple’s higher-end iPhone, features even more AI features than the iPhone 16. Price: The new Apple iPhone 16 Pro will cost $999 and the iPhone 16 Pro Max will be $1,199, the company announced Monday.

Persons: Dan Ives, Wedbush, haven’t, Apple, ” Craig Federighi, Siri, Erica, ultramarine, Max, AirPods Organizations: CNN, Apple, Apple Watch, Apple Apple, Apple Intelligence, Pro, US Food and Drug Administration, Apple Watch Apple

☆ Apple is losing ground in China. Here's how the iPhone 16 can help.
▼ + stars: | 2024-09-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Wang Gang/Getty ImagesIt's worth noting that in its 15-year history with the iPhone in China, Apple has been the dominant force in the smartphone market. Other local smartphone manufacturers, including Honor, Xiaomi, and Vivo, have also seen gains over the past year. The upcoming iPhone 16 will introduce users to Apple Intelligence, its new suite of generative AI features, first introduced at its June Worldwide Developers Conference. Apple is betting on Apple Intelligence to boost iPhone sales. The company is seeking a local partner to bring more advanced chatbot features to Apple Intelligence in China.

Persons: —, Tim Cook, It's, Wang Gang, Apple, Xiaomi, Cook, ChatGPT, Wedbush, Paolo Pescatore Organizations: Service, Apple, Weibo, Business, China Apple, Huawei, Pura, Apple Intelligence Apple, Apple Intelligence, Foresight Locations: China, Shanghai, He'll, Cupertino

☆ When is Apple’s next event and what to expect from the new iPhone 16
▼ + stars: | 2024-09-07 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

CNN —Apple excited fans with its vision for its “Apple Intelligence” artificial intelligence system earlier this year. Apple faces immense pressure ahead of the event to prove the new AI features and other iPhone 16 updates are worth shelling out for an upgrade. Subplot or main character, here is everything we’re expecting from the Apple event. The company’s task on Monday will be to show iPhone users what that will look in real life. A major question heading into Monday’s event is how Apple will price the iPhone 16 lineup.

Persons: Ming Yeung, Dan Ives, Wedbush, ” D.A, Davidson, Gil Luria, Siri, ” Luria, “, Tiffany, Tiffany R, you’ll, Luria, Aly Song, ‘, ”, Mark Gurman, CFRA Research’s Angelo Zino, Gurman, Samantha Kelly, Ramishah Maruf Organizations: CNN, Apple, Apple Intelligence, Apple Watch Locations: Milan, Italy, –, Shanghai, China

☆ AI gadgets have been a bust so far. Apple aims to change that
▼ + stars: | 2024-09-05 | by ( Steve Kovach | ) www.cnbc.com time to read: +8 min

The system is called Apple Intelligence, and it'll be rolling out over the coming months. Apple plans to roll out Apple Intelligence in stages. Plus, app developers will be able tap into Apple intelligence, so you can use it everywhere on your phone. In the PC market, Microsoft's Copilot+ PCs launched this summer, but without their marquee AI feature, Recall. Without Recall, there's not much AI in this batch of AI PCs.

Persons: they've, Nabila Popal, they'll, Canalys, Gerrit Schneemann, Tim Cook, Nic Coury, supercharge Siri, Schneemann, IDC's Popal, Popal, it's, there's, Alex Katouzian, Katouzian, Corie Barry, Jaque Silva Organizations: Microsoft, Meta, Google, Nvidia, Apple, Samsung, Dell, HP, Qualcomm, Apple Intelligence, Will Apple Intelligence, IDC, Counterpoint Technology, Developers Conference, Afp, Getty, Motorola, Gemini Locations: China, U.S, Cupertino , California

☆ Affirm shares surge 16% after better-than-expected results, strong guidance
▼ + stars: | 2024-08-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Affirm reported gross merchandise volume, or GMV, of $7.2 billion, up 31% from a year earlier. Affirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results . For the current quarter, Affirm sees revenue in the range of $640 million and $670 million. Affirm shares were down 36% for the year as of Wednesday's close, but have been trending higher lately, up 12% in August. In June, Affirm and Apple announced plans for U.S. Apple Pay users on iPhones and iPads to be able to apply for loans directly through Affirm.

Persons: Max Levchin, LSEG, Jerome Powell, Gina Sanchez, CNBC's, Sanchez, that's Organizations: Revenue, Federal, Bank of America, Apple, U.S, Lido Advisors

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