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☆ Analyst discusses Huawei's new trifold phone which has racked up 3 million pre-orders
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses Huawei's new trifold phone which has racked up 3 million pre-ordersMartin Yang, senior analyst of emerging technologies at Oppenheimer & Co., discusses Huawei's new trifold phone and some of its limitations as it goes head-to-head with Apple.

Persons: Martin Yang Organizations: Oppenheimer, Co, Apple

☆ Jim Cramer looks at Apple's recent announcements
▼ + stars: | 2024-09-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer takes a look at Apple's recent tech announcement. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Jim Cramer

☆ Apple’s new AirPods are also hearing aids. Can they really save you thousands of dollars?
▼ + stars: | 2024-09-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

The company said the wireless headphones will double as clinical-grade over-the-counter hearing aids for those who need them. But over-the-counter hearing aids like these aren’t always the solution for hearing loss. Over-the-counter hearing aids, such as Apple’s offering, also are not a treatment for “severe or profound” hearing loss, according to the FDA. If it can also serve as a hearing aid, I think that’s really exciting.”Apple’s announcement was applauded by some hearing aid users on social media, as well. But many noted one clear advantage traditional hearing aids have over AirPods: Hearing aids have battery life measured in days, not hours.

Persons: Apple, ”, Sumbul Ahmad Desai, Desai, Barbara Kelley, ” Kelley, Kelley, “ There’s, “ Organizations: CNN, Food and Drug Administration, FDA, Apple, American Heart Association, of America Locations: United States, Germany, Japan

☆ Kramer: More than 1% for a large-cap stock like Apple is not that big of a deal.
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKramer: More than 1% for a large-cap stock like Apple is not that big of a deal. Richard Kramer, Senior Analyst at Arete Research, downplays the impact of Apple's stock movements and new features, highlighting the company's focus on retaining its large user base.

Persons: Kramer, Richard Kramer Organizations: Arete Research

☆ Apple loses EU court battle over 13 billion euro tax bill in Ireland
▼ + stars: | 2024-09-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Europe's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, Apple Watch and AirPod line-ups. In 2014, the European Commission, the European Union's executive arm, opened an investigation into Apple's tax payments in Ireland, the tech giant's headquarters in the EU. Apple and Ireland appealed the Commission's decision in 2019, and in 2020 the EU General Court sided with the U.S. tech giant. The EU's second-highest court anulled the Commission's 2016 decision and said that the executive arm did not prove that the Irish government had given Apple a tax advantage.

Organizations: Apple, European Court, Apple Watch, CNBC, European, Reuters, European Commission, EU, The, Ireland, U.S Locations: Ireland, U.S, London, Dublin

☆ Bank stock woes hold back the overall market, but Starbucks' new CEO is full steam ahead
▼ + stars: | 2024-09-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

All of our Super Six megacaps were higher, even Club stock Apple was pushing to stay in the green after getting mixed reviews on Monday's iPhone 16 event. That's an interesting line because you could argue that Starbucks needs to pullback its aggressive expansion plans in the world's second-largest economy. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Daniel Pinto, Pinto, JPMorgan's, else's, Jamie Dimon, Wells, Morgan Stanley, ramping, Brian Niccol, Niccol, Buster's, Jim Cramer's, Jim Organizations: CNBC, ., Apple, JPMorgan, Barclays Global Financial Services Conference, Dow, Starbucks, The Club, GameStop, Dave, Jim Cramer's Charitable Locations: Banks, U.S, United States, China

☆ Streaming deals are key to future of NFL viewership, fandom
▼ + stars: | 2024-09-10 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

When the NFL signed an 11-year, $111 billion media rights deal in 2021, streaming was already part of the mix. Live sports broadcasts have maintained a large audience on traditional TV, even as consumers flee the cable bundle for streaming services. The majority of viewership still comes from traditional TV, according to ratings data. Schroeder said Tuesday that the NFL's strategy exists in both the traditional TV and streaming worlds. Netflix will stream NFL games for the next three years, with two games being streamed this year on the platform, and at least one matchup in both 2025 and 2026.

Persons: John Kelly Jr, Hans Schroeder, Peacock, Steve Jobs, Schroeder, Nielsen, Rick Cordella, Lori Conkling Organizations: Baltimore Ravens, NFL, Green Bay Packers, Lambeau, The, CNBC, Google, YouTube, Comcast, Netflix, Apple, NBC Sports, English Premier League, NBA Locations: Green Bay , Wisconsin, U.S, Brazil

☆ Visiting China in 2024: A guide to visas, mobile payments and more
▼ + stars: | 2024-09-10 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +20 min

We’ve put together a guide to some of the most frequently asked questions regarding China travel. China travel FAQsDo you need a visa to go to China? However, travelers visiting under these visa-free transit programs have more restrictions in terms of places they can visit. Exploring the country via China’s vast high-speed railway network is not an option for those entering under the two transit visa schemes. Beijing, China's capital city, accepts international travelers visiting under the 144-hour visa-free transit program.

Persons: it’s, ”, Denny Tian, Gabriela Correia, Correia, Tian, Greg Baker, Correira, ” Gabriela Correia, David Tucker, We’ve, John Seaton Callahan, China ’, Kevin Frayer, –, ” Correira, you’ve, Didi, Uber, Yan Cong, China’s Organizations: CNN, Immigration Administration, China, Google, Getty, “, Service, Shanghai Hongqiao, Hong Kong, Hong, Hong Kong Immigration, Travelers, Facebook, ”, Publishing, United, US, Baidu, Apple, China Railway, Bloomberg Locations: China, Beijing, Portugal, Shanghai, AFP, “, Hunan, Singapore, Thailand, Austria, Australia, Belgium, France, Germany, Hungary, Ireland, Italy, Luxembourg, Malaysia, Netherlands, New Zealand, Poland, Spain, Switzerland, New York, Japan, South Korea, United Kingdom, United States, Hong Kong, Macau, Jiangsu, Zhejiang, Asia, Tibet, Tibet Autonomous Region, Hainan, China's, Hawaii, ”, Canada

☆ Apple upgrades will be meaningful but not super cycle, says AT&T CEO John Stankey
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple upgrades will be meaningful but not super cycle, says AT&T CEO John StankeyJohn Stankey, AT&T CEO, joins CNBC's 'Squawk on the Street' to discuss Apple's upgrade cycle, what the cycle means for AT&T, and more.

Persons: John Stankey John Stankey

☆ Apple's new iPhone 16 is 'not a significant hardware bump,' says WSJ's Joanna Stern
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's new iPhone 16 is 'not a significant hardware bump,' says WSJ's Joanna SternDan Ives, Wedbush Securities, managing director, and Joanna Stern, Wall Street Journal personal technology columnist, join CNBC's 'Squawk on the Street' to discuss Apple's latest product unveil, why Dan has raised his price target on Apple, and more.

Persons: Joanna Stern Dan Ives, Joanna Stern, Dan Organizations: Wedbush Securities, Wall Street, Apple

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

☆ Here's why the next move in Apple stock should not be judged solely on Monday's iPhone 16 event
▼ + stars: | 2024-09-10 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

The reviews on Wall Street are mixed concerning Monday's iPhone launch event. Apple Intelligence represents a paradigm shift for the company and the iPhone 16 is the ticket into this new generation. That's what will in turn drive demand, both in terms of Apple rolling out Apple Intelligence and developers taking advantage of the new hardware capabilities. The iPhone 16 and the Pro models will be equipped with versions of the new A18 chips. However,even those phones weren't built from the ground up in the way the iPhone 16 is to harness the full power of Apple's AI features.

Persons: Jim Cramer, Bernstein, Jim, Apple, Siri, Ray, Jim Cramer's, Andrej Sokolow Organizations: Apple, Citi, JPMorgan, Apple Intelligence, Nvidia, Microsoft, CNBC, Getty Locations: USA, Cupertino

☆ Huawei launches $2,800 trifold phone hours after Apple debuts iPhone 16
▼ + stars: | 2024-09-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Richard Yu, a Huawei executive director overseeing consumer products, reveals the price for the company's trifold Mate XT smartphone on Tuesday, Sept. 10, 2024. BEIJING — Chinese smartphone company Huawei said Tuesday its trifold smartphone will start at the equivalent of more than $2,800. That's the same day Apple's new iPhone 16 series is due to launch in stores, including in China. On Monday stateside, Apple announced its iPhone 16 Pro Max will start at $1,199, and the iPhone 16 at $799. iPhone 16 users as well as those of the iPhone 15 Pro and Pro Max can use the new functions.

Persons: Richard Yu, Max, XT Organizations: Huawei, Apple, Apple Intelligence Locations: BEIJING, China

☆ 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

☆ 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

☆ In Huawei’s battle against Apple, chips are still a weakness, says analyst
▼ + stars: | 2024-09-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Illustration of a user browsing booking information for Huawei's new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. As Huawei tries to upstage Apple 's new iPhone with the launch of its own 'trifold phone' on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs, according to one analyst. Speaking to CNBC's "Squawk Box Asia" on Tuesday, Martin Yang, senior analyst of emerging technologies at Oppenheimer & Co., said Huawei's chip remains two or three years behind the cutting edge. On the back of this success, Huawei has been able to take back market share from Apple in China, the largest smartphone market in the world. However, unlike with the Mate 50, Huawei has not announced a big chip breakthrough for its latest phone launch.

Persons: Martin Yang, Yang Organizations: Huawei, Oppenheimer, Co, Apple Locations: Suqian, Jiangsu province, China

☆ Stocks making the biggest moves before the open: Apple, Oracle, Boot Barn, Mission Produce and more
▼ + stars: | 2024-09-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Mission Produce — The avocado producer surged 21.6% after reporting revenue for the fiscal third quarter jumped 24% from a year ago. The company reported sales of $324 million, compared with $261.4 million in the same three-month period one year before. Boot Barn — Shares rose 6% after the Western-style retailer provided an update on its recent performance ahead of a Piper Sandler Growth Frontiers Conference presentation. Boot Barn announced preliminary consolidated same-store sales growth of 4% in its fiscal second quarter. Johnson Controls International — Shares rose nearly 2% after JPMorgan upgraded the stock to buy from neutral.

Persons: Piper Sandler, LSEG . Patterson, Alibaba, Morgan Stanley, Wells Fargo, —, Samantha Subin, Sean Conlon, Lisa Kailai Han, Jesse Pound, Yun Li, Scott Schnipper Organizations: Growers, Oracle, LSEG, Apple, Hewlett Packard Enterprise, Juniper Networks, Revenue, UTI Energy, Hong, Reuters, Johnson, JPMorgan, Anheuser, Busch Inbev SA, Equity Locations: California, U.S, Alibaba —, China, Hong Kong, Shanghai, Shenzhen, Wells

☆ 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

☆ A trade that wins if Apple shares continue to break down following iPhone event
▼ + stars: | 2024-09-10 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Moreover, shortly after Apple introduced the iPhone 16 , Chinese smartphone manufacturer Huawei launched its tri-fold phone, the Mate XT. This device garnered significant attention, securing more than 2 million pre-orders within just a few hours of its release. The trade The trade structure I'm employing is known as a "bear put spread." THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Tim Cook, AAPL, Nishant Pant Organizations: Apple, Huawei, AAPL, CNBC, NBC UNIVERSAL Locations: AAPL

☆ Apple appears to quietly admit defeat over a controversial iPhone accessory that's vanished from its website
▼ + stars: | 2024-09-10 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Apple appears to have quietly discontinued FineWoven iPhone cases. They came out just a year ago with the iPhone 15 launch but were criticized for quality issues. AdvertisementApple seems to have thrown in the towel on its heavily-criticized FineWoven iPhone cases. Introduced last year with the iPhone 15 launch, the FineWoven cases were Apple's eco-friendlier alternative to leather cases. However, Apple seems to have stopped selling FineWoven cases for the iPhone 15 and hasn't introduced them for the new iPhone 16 announced Monday.

Persons: Apple, —, hasn't, doesn't Organizations: Service, Apple, Business

Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick. He also notched his price target $4 higher to $80, implying shares could gain 16.6% from Monday's close. Along with the new iPhone 16 line, the company unveiled Apple Intelligence for beta rollout next month, or new artificial intelligence capabilities for the iPhone. The iPhone 16 and 16 Plus are available for pre-order starting Friday. "At the core, we do not see Tesla as an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework," the analyst wrote.

Persons: Andrew Obin, Obin, — Hakyung Kim, David Vogt, Vogt, Morgan Stanley, Erik Woodring, Woodring, Goldman Sachs, Michael Ng, Ng, Bernstein, Douglas Harned, Harned, Daniela Nedialkova, Hakyung Kim, Tesla, Edison Yu, Yu, Fred Imbert Organizations: CNBC, Deutsche Bank, Atlantic, Costco, Bank of America, Johnson, Wall Street, Apple Intelligence, UBS, Apple, GE Aerospace GE Aerospace, GE Aerospace, GE Locations: Monday's

☆ Cate Blanchett says ‘Carol’ struggled to find funding because it was a lesbian love story
▼ + stars: | 2024-09-09 | by ( ) www.nbcnews.com time to read: +5 min

Cate Blanchett touched down in Toronto for a wide-ranging talk about creative conflict on film sets, making big-budget films “risky,” and why her six-time Oscar-nominated film “Carol” struggled to find funding. “We want the numbers,” Blanchett said (though she didn’t specifically name-drop “Disclaimer” maker Apple, which, like most streamers, tends to shield its audience metrics). “At one point, another director was going to do it, and he got sort of taken off the project,” Blanchett said. That prompted her to step away as well, until Haynes expressed interest in the project and got Blanchett back on board. … Anything that gives you the time to think long thoughts and think uncomfortable thoughts, because being an actor, it’s pretty uncomfortable a lot of the time.

Persons: Cate Blanchett, Oscar, Carol ”, Blanchett, Alfonso Cuarón’s, Guy Maddin’s, ”, ” Blanchett, didn’t, ’, Todd Haynes, I’ve, Carol, Rooney Mara, Haynes, “ Carol, “, Barbie ’, “ Indiana Jones, “ Thor, it’s, you’re Organizations: Alfonso Cuarón’s Apple, Royal Alexandra Theatre, Apple, “, NBC Locations: Toronto, Kingdom

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

Apple is hosting an event at its headquarters in Cupertino, California, where it has unveiled new versions of the iPhone, AirPods and Apple Watch. AppleApple just unveiled the iPhone 16 Pro and the iPhone 16 Pro Max, which join the iPhone 16 and iPhone 16 Plus announced earlier. Apple’s iPhone 16 Pro has a 6.3-inch display, and the Apple 16 Pro Max has a 6.9-inch display, larger than those of previous models, which measured in at 6.1 inches and 6.7 inches, respectively. The iPhone 16. The iPhone 16 Pro starts at $999, and the Pro Max starts at $1,199, Apple said.

Persons: Max, ” Apple, —, Apple, Pro Max Organizations: Apple, Apple Watch, Apple Apple, Apple Intelligence, Pro Locations: Cupertino , California

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