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Attendees look at the brand new Apple iPhone 15 during an Apple event on September 12, 2023 in Cupertino, California. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Apple's new iPhones at old pricesApple announced the iPhone 15 and iPhone 15 Pro, both of which come in a bigger Plus variety, at its annual launch event Tuesday. Surprisingly, Apple kept the price of the iPhone 15 Pro unchanged from last year at $999. [PRO] High oil prices, happy energy stocksOn Tuesday, oil prices hit their highest level since November 2022, according to FactSet data.
Persons: Europe's, Apple, Elon Musk, Vikram Nidamaluri, Vladimir Putin, Elizabeth Warren, Kim Jong Un, Putin, Morgan Stanley, it's Organizations: Apple, CNBC, Oracle, Nasdaq, Lazard, disconnecting, Russia North Korean Locations: Cupertino , California, Russian, U.S, Ukrainian, Crimea, Russia, Pyongyang, Moscow, Ukraine
IPHONE 15 LAUNCHBoth the Pro and other iPhone 15 models will have a brighter display and a 48-megapixel camera as well as 100% recycled cobalt in their batteries. [1/6]New iPhone 15 and iPhone 15 Plus are displayed during the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. Apple said that USB-C charging cables are coming to both its iPhone 15 and the charging case of its AirPods Pro devices. She said the shift "brought some differentiation to the iPhone Pro, because there's faster throughput for data transfer. The iPhone 15 costs $799, the iPhone 15 Plus starts at $899 and the Pro series starts at $999.
Persons: Apple, Jeff Williams, Loren Elliott, Carolina Milanesi, Milanesi, Greg Joswiak, Bob O'Donnell, Pro Max, Lisa Jackson, Stephen Nellis, Aditya Soni, Pushkala, Raechel, Yuvraj Malik, Peter Henderson, Lisa Shumaker Organizations: Apple, Huawei Technologies, Huawei, Securities Times, REUTERS, American Automobile Association, AAA, Creative, TECHnalysis Research, Pro, Counterpoint Research, Thomson Locations: CUPERTINO , California, Cupertino , California, China, U.S, United States, Bengaluru
Apple stock declined about 1.7% on Tuesday, with investors monitoring the iPhone 15 launch event. Over the last five days, Apple shares have dropped more than 6.3% amid regulatory moves in Europe and China. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. ET in Cupertino, California, is expected to unveil the iPhone 15, which will see significant upgrades with changes to its camera technology and charging port. Wall Street remains bullish on the technology sector at large.
Persons: Goldman Sachs Organizations: Apple, Service, Apple Watch, European Commission, Wall Street Journal Locations: Europe, China, Wall, Silicon, Cupertino , California, Beijing
Shares of Club holding Apple (AAPL) stabilized Monday, a day before the tech giant's annual September product-launch event. Prior to reports that Beijing is moving to ban government employees from using iPhones and other foreign-branded devices at work, things had been looking up for Apple's stock. Historically, the run-up to the iPhone maker's annual product event — set to be held on Tuesday — has been bullish for shares. Looking at historical data since 2016 from the 10 trading sessions before the annual product event and then through year-end, here's how Apple has performed each year. Apple's historical performance Apple traded flat in 2016 leading up to the media event, when the company announced the iPhone 7 and 7 Plus.
Persons: Wall, , That's, Apple, Tim Cook, Goldman Sachs, China's, Jim Cramer, Jim Cramer's, Jim, Josh Edelson Organizations: Apple, Apple Inc, Wedbush Securities, CNBC, Apple's Worldwide, AFP, Getty Locations: China, Beijing, AAPL, Apple's, Cupertino , California
The biggest single reduction in the emissions from the new watches came from using clean electricity to manufacture them. Apple on Tuesday said that 300 of its suppliers have now committed to using clean energy for Apple production. But another emissions source was Apple's speedy transportation network, which relies heavily on planes. The company has said previously that a Series 8 watch created 33 kg (73 lb) of carbon emissions, from raw materials to delivery to end customers. Apple has been focused on cutting carbon emissions for some time.
Persons: Steve Jobs, Loren Elliott, Lisa Jackson, Jackson, John Ternus, Apple, Stephen Nellis, Peter Henderson, Lisa Shumaker Organizations: Steve, Apple, REUTERS, Rights, Reuters, Thomson Locations: Cupertino , California, U.S, Rights CUPERTINO , California, China
There are four new models, ranging from the entry-level iPhone 15 at $799 to the iPhone 15 Pro Max, which costs at least $1199. Apple says that the 6-inch iPhone 15 Pro is 187 grams, or 9% lighter than last year's model. The iPhone 15 Pro Max, with a bigger 6.7-inch screen, weighs 8% less. Other notes from the iPhone 15 hands-onThe new Apple iPhone 15, with EU ordered USB-C charger, is displayed amongst other new products during a launch event at Apple Park in Cupertino, California, on September 12, 2023. The iPhone 15 Pro Max did get a $100 price increase, now starting at $1,199 in the U.S., although you get more storage at the entry level.
Persons: Leswing, Max, haven't, Nic Coury, They've Organizations: CNBC, Leswing Apple, Apple, Pro Max, EU, AFP, Getty, Pro Locations: Cupertino , California, U.S
The new high-end "Pro" versions of the next iPhone are rumored to include a periscope-style telephoto lens. The "Dynamic Island" found on the iPhone 14 Pro models could be making its way all versions of the iPhone 15. If the rumor mill pans out, this year's iPhone 15 Pro and Pro Max may feature a periscope-style telephoto lens that will improve the quality of photos taken from far distances. The iPhone 14 Pro starts at $1,000 while the Pro Max starts at $1,100. One of the biggest anticipated changes that Apple is expected to announce is a new way to charge the iPhone 15 models and future generations.
Persons: Max, Pro Max Organizations: Service, Apple's, Apple, Pro, Analysts Locations: Wall, Silicon, Apple's Cupertino California
The announcement of the iPhone 15 line and upgraded smart watches at the company's annual event comes against the backdrop of flagging discretionary spending and expanded curbs on its flagship smartphones in China. Here are the details of the key announcements:The iPhoneApple launched iPhone 15 and iPhone 15 Plus, sporting 6.1-inch and 6.7-inch displays, respectively, similar to their predecessors. All the new models feature a 48-megapixel main camera, with the flagship Pro Max having 5X optical zoom and 3X telephoto capability. The iPhone 15 and iPhone 15 Plus get A16 bionic chip, while the iPhone 15 Pro and the Pro Max will be powered by the A17 pro chip. Apple also said the batteries of iPhone 15 and iPhone 15 Plus, which start at $799 and $899, respectively, are made of 100% recycled cobalt.
Persons: Tim Cook, Loren Elliott, Apple, Max, Pro Max, Yuvraj Malik, Sriraj Organizations: Apple, REUTERS, iPhone Apple, Pro Max, Pro, Thomson Locations: Cupertino , California, U.S, China, Bengaluru
Oracle stock plunged more than 13% to lead tech names lower on Tuesday. Apple stock fell more than 2.3% as investors watched the iPhone 15 debut event in California. Meanwhile, US oil prices climbed to their highest mark since November 2022. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAdvertisementAdvertisementUS stocks declined on Tuesday, with tech names leading the declines. Shares of Oracle declined more than 13% following a downbeat earnings report, while Apple also moved lower more than 2.3% on the same day as the company's iPhone 15 launch event.
Persons: Goldman Sachs Organizations: Oracle, Apple, Service, Apple Watch, Chevron, Exxon Mobil, Federal, Dow Jones, Nasdaq Locations: California, Wall, Silicon, Cupertino , California
Apple's iPhone 15 launch clouded by China problems
  + stars: | 2023-09-12 | by ( Stephen Nellis | ) www.reuters.com   time to read: +4 min
The iPhone made up more than half of Apple's $394.3 billion in sales last year, but it faces new challenges with selling in China, the Cupertino, California firm's third-largest market. Huawei wants to gain an edge on Apple with add-on features like satellite calling that relies on China's government-backed network. Apple's current iPhone lineup includes satellite capabilities, though they are meant only for emergency situations. "The truth of the matter is, we're in a very down smartphone market," said Bob O'Donnell, head of TECHnalysis Research. Reporting by Stephen Nellis in Cupertino, California; Editing by Peter Henderson and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Apple, Ben Bajarin, Bob O'Donnell, O'Donnell, Tim Cook's, Siri, Stephen Nellis, Peter Henderson, Lisa Shumaker Organizations: Apple, REUTERS, Rights, Huawei Technologies, Huawei, iPhones, Apple Watch, Creative, Counterpoint Research, TECHnalysis Research, Thomson Locations: Rights CUPERTINO , California, China, Cupertino , California
Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023. Apple is holding its annual iPhone launch event Tuesday at Apple Park, its headquarters in Cupertino, California. The company is expected to announce new iPhone models, as well as new Apple Watches and AirPods, according to reports from Bloomberg News, Wall Street analysts and TF International Securities hardware analyst Ming-Chi Kuo. Last year, the launch event duration was about an hour and a half. We'll post live updates below, and you can also watch the Apple event YouTube live stream right here.
Persons: Tim Cook, Ming, Chi Kuo, Here's what's Organizations: Apple, Apple's Worldwide, Bloomberg News, Wall Street, TF International Securities, CNBC Locations: Cupertino , California
CNN —Apple is expected to debut its iPhone 15 lineup Tuesday at the company’s annual September keynote event, and it could introduce the biggest change to the phone’s design in 11 years. Other iPhone 15 featuresThe entire iPhone 15 lineup is rumored to get the “Dynamic Island” feature — an interactive home for alerts, notifications and various controls — that replaces the notch on top of the screen. Although there are few other rumors circulating about its entry-level iPhone models, the iPhone 15 Pro and 15 Pro Max models are expected to get a handful of new features, according to a Bloomberg report. What not to expectWith the new iPhone expected to take center stage, many analysts don’t anticipate Apple will release new iPads or Mac computers until October. And despite rivals Samsung and Google doubling down on foldable devices, Apple is still not expected to unveil a similar version this fall.
Persons: Apple, pare, , Ben Wood, Apple’s, Greg Joswiak, Max, Yoram Wurmser, , It’s Organizations: CNN, Apple, European Union, CCS Insight, Bloomberg, Vision, Insider Intelligence, Apple Watch, Samsung, Google Locations: Cupertino , California, EU
Apple replaces 'mute' switch with 'action button' on iPhone 15
  + stars: | 2023-09-12 | 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 replaces 'mute' switch with 'action button' on iPhone 15Apple holds its most important launch event of the year on Tuesday at its headquarters in Cupertino, California.
Organizations: Apple Locations: Cupertino , California
As has been case with Apple and other smartphone makers, the next model isn't expected to make any major leaps in technology. If the rumor mill pans out, this year's iPhone 15 Pro and Pro Max may feature a periscope-style telephoto lens that will improve the quality of photos taken from far distances. Political Cartoons View All 1152 ImagesThe improved camera is one of the reasons Apple is also expected to raise the prices of the Pro and Pro Max. The iPhone 14 Pro starts at $1,000 while the Pro Max starts at $1,100. One of the biggest anticipated changes that Apple is expected to announce is a new way to charge the iPhone 15 models and future generations.
Persons: Max, Pro Max Organizations: Apple, Apple's, Pro, Analysts Locations: Apple's Cupertino California
But, the announcements, which included a new iPhone 15 and an Apple Watch refresh, further strengthened the company's best-in-class ecosystem. New iPhone features Apple unveiled the iPhone 15 and iPhone 15 Plus, complete with USB-C charging instead of the propriety lightning port, starting at $799 and $899, respectively. The iPhone 15 Pro starting at $999 was unchanged from the previous model as well. The iPhone 15 Pro can capture special videos, providing for enhanced viewing on the upcoming Vision Pro mixed reality headset. The new Apple Watch models have more a powerful silicon chip as well, which allows for smoother graphics and more processing power.
Persons: Jim Cramer, Jim, Max —, Apple, Max, Tim Cook, Jim Cramer's, Apple Tim Cook, Kevin Dietsch Organizations: Apple, Vision, Apple Watch, CNBC, Allen & Company Sun Valley, Getty Locations: Cupertino , California, China, Tuesday's, Sun Valley , Idaho
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple unveils new iPhone 15 models at September product launch eventApple holds its most important launch event of the year on Tuesday at its headquarters in Cupertino, California.
Organizations: Apple Locations: Cupertino , California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple rolling out USB-C charging across all devices and accessories charging via iPhoneApple holds its most important launch event of the year on Tuesday at its headquarters in Cupertino, California.
Organizations: Apple Locations: Cupertino , California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's iPhone 15 can capture 'spatial video' to rewatch on Vision Pro headsetApple holds its most important launch event of the year on Tuesday at its headquarters in Cupertino, California.
Organizations: Vision, Apple Locations: Cupertino , California
AI quietly reshapes Apple iPhones, Watches
  + stars: | 2023-09-12 | by ( Max A. Cherney | ) www.reuters.com   time to read: +3 min
Without using the words "artificial intelligence" to describe the emerging technology, Apple showcased a new line of iPhones and a new watch that included improved semiconductor designs that power the new AI features. In contrast, Microsoft (MSFT.O) and Alphabet's (GOOGL.O) Google set ambitious goals for the level of transformation with their AI efforts. The Neural Engine is what Apple calls the building blocks for its chips that accelerate AI functions. The AI components of the watch chip make Siri, Apple's voice assistant, 25% more accurate. The idea is to give people a way to control the Apple Watch when their non-watch hand is busy holding a cup of coffee or walking a dog.
Persons: Loren Elliott, Siri, Apple's, Max A, Lisa Shumaker Organizations: REUTERS, Apple, Microsoft, Google, Industry, Apple Watch, Thomson Locations: Cupertino , California, U.S, San Francisco
Leon Neal/AFP/Getty Images2008: iPhone 3G, meet the App StoreWith the second version of the iPhone, Apple introduces the App Store and 3G connectivity. Stephen Lam/Reuters2016: iPhone SE, a budget optionTaking a step back, the iPhone SE is a cheaper, smaller device than the 6S, giving customers a chance to enjoy Apple’s phones at a much lower cost. People handle the new Apple iPhone XS and iPhone XS Max during a media tour at an Apple office in Shanghai, China, on September 21, 2018. Brendon Thorne/Bloomberg/Getty Images2020: iPhone 12 Mini, small but mightyThe iPhone 12 mini is smaller than the usual iPhone but packs a powerful punch. Mike Segar/Reuters2021: iPhone 13 Series, same price for more spaceThe iPhone 13 stays at the same price as the iPhone 12 with double the storage space, as well as featuring a much smaller top notch.
Persons: Steve Jobs, John Green, ” Jobs, Leon Neal, Justin Sullivan, Siri, FaceTime, , , Jobs, Michael Nagle, Apple, Seth K, Hughes, Akio Kon, David Gray, Tim Cook, Josh Edelson, Stephen Lam, David Paul Morris, Phil Schiller, Aly Song, Max, Jason Lee, Pro Max, Phil Barker, Brendon Thorne, Mike Segar, Gabby Jones, Andrew Kelly Organizations: New, New York CNN, Apple, Macworld, Bay Area, Getty, Lightning, Bloomberg, Apple Inc, Worldwide, Steve Jobs, Steve, Pro, Future Publishing Locations: New York, San Francisco, London, AFP, San Francisco , California, New York City, Cupertino , California, Ginza, Tokyo, Japan, Sydney, Shanghai, China, Beijing, Australia, Manhattan , New York
The next Apple launch event, titled "Wonderlust," is being held on Tuesday. The iPhone 15 and a new Apple Watch are set to be unveiled. Here's how to watch the Apple event – and what else to expect. This year's event is titled "Wonderlust" and the new iPhone 15 is expected to be revealed, along with several other products. Read more Insider analysis on what to expect from the iPhone 15 here.
Persons: Steve Jobs, Tim Cook, Mark Gurman, they're Organizations: Apple, Service, Steve, Apple China Locations: Wall, Silicon, California, Europe, Cupertino, Beijing
CNN —Apple is expected to debut its iPhone 15 lineup Tuesday at the company’s annual September keynote event, and it could introduce the biggest change to the phone’s design in 11 years. Other iPhone 15 featuresThe entire iPhone 15 lineup is rumored to get the “Dynamic Island” feature — an interactive home for alerts, notifications and various controls — that replaces the notch on top of the screen. Although there are few other rumors circulating about its entry-level iPhone models, the iPhone 15 Pro and 15 Pro Max models are expected to get a handful of new features, according to a Bloomberg report. It’s also likely to announce launch dates for its next-generation operating systems for the iPhone, iPads, Mac computers and Apple Watch. What not to expectWith the new iPhone expected to take center stage, many analysts don’t anticipate Apple will release new iPads or Mac computers until October.
Persons: Apple, pare, , Ben Wood, Apple’s, Greg Joswiak, Max, Yoram Wurmser, , It’s Organizations: CNN, Apple, European Union, CCS Insight, Bloomberg, Vision, Insider Intelligence, Apple Watch, Samsung, Google Locations: Cupertino , California, EU
Last year, Apple announced new iPhones, Apple Watches, and updated AirPods at its September event. Here's what to expect from this year's edition:iPhone 15: USB-C and titaniumApple's invite to its Sept. 12 event. This year, the biggest change is expected to be a USB-C charging port, replacing Apple's proprietary Lightning port, which was introduced in 2012 as the iPhone charger "for the next decade." A USB-C charging port on iPhones will match the same charging port on Android phones, newer laptops, iPads, wireless headphones, and other gadgets. The change is being spurred by new European regulations which require a common charging port.
Persons: Tim Cook, Carlos Barria, Ming, Chi Kuo, Greg Joswiak, Apple's, Jakub Porzyck, Sofia Pitt, Apple, AirPods, Todd Haselton Organizations: Reuters Apple, Apple, YouTube, Apple's, Huawei, Vision, CNBC, Apple Apple, Bloomberg News, TF International Securities, Wall Street, Union, Nurphoto, Getty, Bloomberg, U.S, Apple Watch, Sofia Pitt Last Locations: Cupertino , California, iPhones
The iPhone 15 will be a tough sell in China. And China's homegrown rival Huawei has a new, superfast phone out, the Mate 60. China is Apple's second-biggest single market by sales outside the US, and its third-biggest region behind the US and Europe. Another important metric: China grew faster by revenue than Europe, implying continued prospects for growth for Apple beyond saturated Western markets. The advanced chip inside the new Mate 60 was made by Chinese company SMIC, according to a teardown by Bloomberg.
Persons: isn't, Trump, Gina Raimondo, CGTN, Sanford C, Bernstein Organizations: Huawei, Service, Apple, Staff, Wall Street, ZTE, US, Weibo, Bloomberg, Sanford Locations: China, Beijing, Wall, Silicon, Cupertino, Europe
New York CNN —Shares of Apple fell by 3.4% on Thursday following reports that China plans to expand a ban on the use of iPhones to government-backed agencies and companies. The company is set to lose about $200 billion in two days and its stock is currently the worst performer in the Dow Jones Industrial Average. China is the largest foreign market for the company’s products and Chinese sales represented about a fifth of the company’s total revenue last year. Apple doesn’t disclose iPhone sales by country but analysts at research firm TechInsights estimate that there were more iPhone sales in China than in the United States last quarter. CNN has reached out to Apple and to China’s Ministry of Foreign Affairs, but has not received a response.
Persons: Brandon Nispel, , Jake Sullivan Organizations: New, New York CNN, Apple, Investors, Dow Jones, KeyBanc, Wall Street Journal, Bloomberg, Bank of America, Huawei, National, House, Tech, Nasdaq, CNN, China’s Ministry of Foreign Affairs Locations: New York, China, United States, Cupertino , California
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