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☆ Intel stock rises on earnings beat and strong revenue guidance
▼ + stars: | 2023-10-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Intel shares rose about 7% in after-hours trading after the company reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as its revenue declined from the year-earlier period. Intel posted net income of $297 million, or 7 cents per share, versus net income of $1.02 billion, or 25 cents per share in the same quarter last year. Revenue fell 8% from $15.33 billion a year ago, the seventh consecutive quarter of declining sales. Intel CEO Pat Gelsinger told analysts on a call the company would cut costs by about $3 billion this year. Chief Financial Officer David Zinsner said that Intel's earnings per share benefited from the company controlling expenses, with operating expenses declining 15% from a year ago.

Persons: Pat Gelsinger, David Zinsner Organizations: Intel, Revenue

Apple on Wednesday raised the prices for a number of its flagship services offerings, including Apple TV+, Arcade and its bundled offering, Apple One. Apple TV+ will now cost $9.99 a month, up from $6.99. The price increase comes after Apple upped the price in 2022 from $4.99. Apple One, the bundle package used by many families to access Apple's services at a lower price will also increase, with the top-end Premier package now costing $37.95 a month. "The subscription prices for Apple TV+, Apple Arcade, Apple News+, and Apple One will increase in the US and select international markets beginning today," an Apple spokesperson told CNBC.

Persons: Apple, Kif Leswing Organizations: Apple, CNBC, Disney, Netflix, Apple Arcade

☆ Apple will reportedly release a bunch of new AirPods next year
▼ + stars: | 2023-10-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple plans to release new versions of several AirPods models next year, according to a report from Bloomberg. Apple's wireless headphones business has become a moneymaker for the company and requires regular updates to keep the product fresh and demand high. Since they were first announced in 2016, Apple's wireless white buds have become ubiquitous on big-city mass transit and inside offices and schools around the country. Apple's AirPods Pro, which cost $249, got minor updates last year, and this fall added a model with a USB-C port. Apple reports AirPods sales under its Wearables, Home and Accessories product line, which reported $41 billion in revenue in Apple's fiscal 2022.

Persons: Max Organizations: Bloomberg, Apple, Apple Watch, CNBC

☆ Apple subscriptions just got more expensive. Here's how to save money
▼ + stars: | 2023-10-25 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Apple raised the price of Apple TV+, Apple One and a number of its other subscription services Wednesday. The monthly price for Apple TV+ jumped from $6.99 to $9.99, and Apple One Premier, the top version of the company's bundle package, increased from $32.95 to $37.95. Here's how to cancel or downgrade your Apple subscriptions if you don't want to pay the price hike:Go to your Settings. Press "Subscriptions." For Apple TV+, press the bar with its name and then click "Cancel Subscription."

Persons: Apple, Kif Leswing Organizations: Apple, Apple TV, Apple One, Services, . Press

☆ Apple lines up to support nationwide right-to-repair legislation
▼ + stars: | 2023-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple said on Tuesday that it supports nationwide right-to-repair regulation that would make iPhone parts and tools available to customers, the latest sign of the company's shift toward supporting independent repair. Apple said it sees "real value" in a national law at a White House event on Tuesday. In a short talk, Apple service VP Brian Naumann said that Apple makes parts, tools, and manuals available to independent repair stores in the U.S., highlighting the company's current policy under its self-service repair program. The recent endorsement of the California law and the pending national bill is a shift from Apple, which previously opposed right-to-repair laws. But Apple has relaxed its position in recent years, introducing a program to rent tools and buy parts in 2021.

Persons: Apple, Biden, Lael Brainard, Brainard, Apple's, Brian Naumann, Naumann Organizations: Apple, National Economic, Microsoft, House Locations: U.S, California , Colorado , Minnesota, New York, California

☆ Qualcomm's getting in on the AI craze with new chips for phones and PCs
▼ + stars: | 2023-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

The new silicon includes Qualcomm's X Elite chip for PCs and laptops and the Snapdragon Series 8 Gen 3 for high-end Android phones. The speed at which a smartphone chip processes AI models could represent a new feature battleground between high-end Android phones from companies such as Asus, Sony and OnePlus versus Apple's iPhones, which are also getting new AI features on an annual basis. Now, Qualcomm said, its smartphone chip can handle the bigger AI models used in generative AI — as many as 10 billion parameters. That's still less than some of the biggest AI models, such as OpenAI's GPT3, which has about 175 billion parameters. Qualcomm executives said these kinds of AI models can run on devices if the chips are fast enough and equipped with enough memory.

Persons: Cristiano Amon, Steve Marcus, ChatGPT, Apple's, Alex Katouzian, Qualcomm's, Katouzian Organizations: Qualcomm, Asus, Sony, Microsoft, Snapdragon, OnePlus, Elite Locations: Las Vegas , Nevada, U.S

☆ Apple announces Oct. 30 event, new Macs expected
▼ + stars: | 2023-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple sent invites on Tuesday for a launch event that will be streamed on its website on Oct. 30. New Mac laptops are expected, according to reports. Apple's iMac, and some of its MacBook laptops have not been updated yet this year. An event page posted on the Apple website shows a Finder logo animation, which is a Mac app. Apple held a launch event at its campus for new iPhones and Apple Watch models in September.

Persons: Tim Cook, Apple Organizations: Apple, Apple Park, Apple Watch Locations: Cupertino , California

☆ Intel stock drops on report Nvidia is working on an Arm-based PC chip
▼ + stars: | 2023-10-23 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Intel stock dropped 3% Monday after Reuters reported that Nvidia and AMD were working on Arm-based PC chips. Intel currently has the majority of the market for PC chips, with AMD coming in second. Intel's PC chips are based on the x86 instruction set. Chips that use the Arm-based instruction set, like those for smartphones, often use significantly less power, which is critical for battery-powered devices. Qualcomm has been working on its own Arm-based PC chips for years, although it has yet to gain significant sales traction.

Organizations: Nvidia, Intel, Reuters, AMD, Apple, AMD's, Microsoft, Qualcomm, CNBC Locations: Santa Clara , California

☆ iPhone 15 sales look like they're starting off slow in China ahead of a critical holiday season
▼ + stars: | 2023-10-18 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

A month after Apple's latest iPhones came out, analysts and investors are starting to see signs of slow demand in China versus last year's models. Sales of Apple's iPhone 15 models in their first 17 days are down 4.5% in China versus last year, according to an estimate from Counterpoint Research. Jeffries analysts say "weak demand" in China has knocked Apple off the top spot for smartphone market share in the country. It's a tough smartphone market for everyone. "Apple, we suspect, could be down five-ish percent — and the China market is down at least 5%," Counterpoint research director Jeff Fieldhack told CNBC.

Persons: Jeffries, fretting, iPhones, Tim Cook, Apple, Jeff Fieldhack Organizations: Counterpoint Research, Max, Wall Street, Apple, Huawei, CNBC Locations: Shanghai, China, North America, Europe

☆ U.S. curbs export of more AI chips, including Nvidia H800, to China
▼ + stars: | 2023-10-17 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

The U.S. Department of Commerce announced Tuesday that it plans to prevent the sale of more advanced artificial intelligence chips to China in the coming weeks. Those earlier restrictions banned the sale of the Nvidia H100, which is the processor of choice for AI firms in the U.S. such as OpenAI. The new rules will ban those chips as well, senior administration officials said in a briefing with reporters. Other rules will likely hamper the sale and export to China of semiconductor manufacturing equipment from companies such as Applied Materials , Lam and KLA. Companies that want to export AI chips to China or other embargoed regions will have to notify the U.S. government.

Persons: Gina Raimondo, They're, Raimondo, " Raimondo, — CNBC's Kristina Partsinevelos Organizations: Nvidia, U.S . Department of Commerce, Broadcom, Marvell, AMD, Intel, KLA, U.S, CNBC, . Commerce, ., Commerce Department Locations: Santa Clara , California, China, U.S, Macao, United States

☆ 'Great tailwind': Asset manager is bullish on this under-the-radar AI stock
▼ + stars: | 2023-10-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

But according to Deepwater Asset Management, there's one under-the-radar AI stock that will be essential for the long-term infrastructure rollout of artificial intelligence. "An under-the-radar AI stock is Vertiv," Doug Clinton, managing partner at Deepwater, told CNBC's "Street Signs Asia" last week. The company's specialty is graphics processing units, or GPUs, which have become the preferred chips for the large AI models that underpin generative AI software. "We think [Vertiv has] a great tailwind for the next three to five years as this AI hardware buildout continues," Clinton added. Alphabet Alphabet , which Clinton described as Deepwater's largest AI holding, has a "great catalyst" for the latter half of this year: the launch of its latest AI model Gemini.

Persons: Doug Clinton, CNBC's, Clinton, Kif Leswing Organizations: Nvidia, Microsoft, Asset Management, Deepwater, Deepwater Frontier Tech, Ark, Global, Robotics, Intelligence, Deepwater Frontier, Adobe, Unity Software Locations: U.S, LOUP, Netherlands, Taiwan, South Korea

☆ YouTube passes Netflix as top video source for teens
▼ + stars: | 2023-10-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Teenagers in the U.S. say they watch more videos on YouTube than Netflix , according to a new survey from investment bank Piper Sandler. Teens polled by the bank said they spent 29.1% of their daily video consumption time on Google-owned YouTube, beating out Netflix for the first time at 28.7%. This fall's survey polled more than 9,000 teens across the U.S. in September who average just under 16 years old. Netflix and YouTube were the two clear leaders in terms of daily video consumption by platform. The Piper Sandler results don't compare YouTube and Netflix to TikTok.

Persons: Piper Sandler, HBO Max, TikTok, Instagram Organizations: Netflix, Teens, Google, YouTube, Hulu, Disney, HBO Locations: U.S

☆ Apple considered buying Bing from Microsoft in 2018
▼ + stars: | 2023-10-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Apple executives have said they picked Google because it's the best search engine, not primarily because of Google's payments. The deal with Microsoft wasn't completed and Giannandrea said he believed Apple CEO Tim Cook told Microsoft it wasn't going forward. Google pays Apple as much as $19 billion per year to be the default search engine on Apple products, according to an estimate . Microsoft was interested in Apple paying for improvements to the search engine, Giannandrea said, including expanding it to additional international markets. He also compared Bing and Google search in 2021 to see the progress Microsoft had made and found Google was significantly better at mobile queries.

Persons: Gabriel Weinberg, Apple, Giannandrea, Adrian Perica, Bing, Microsoft wasn't, Tim Cook, Siri, Apple's, John Giannandrea, he's, Cook, Satya Nadella Organizations: Google, Apple, Department, Bing, Microsoft, CNBC, DOJ

☆ Apple releases fix for overheating iPhone 15 bug in iOS 17.0.3
▼ + stars: | 2023-10-04 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple iPhone 15 series devices are displayed for sale at The Grove Apple retail store on release day in Los Angeles on Sept. 22, 2023. Apple released iOS 17.0.3 on Wednesday, including a fix for an issue that caused Apple's latest iPhone 15 models to run hot. "This update provides important bug fixes, security updates, and addresses an issue that may cause iPhone to run warmer than expected," according to the software's change log. Over the weekend, Apple confirmed reports on social media that its new iPhones had a tendency to get warm. Apple says iPhones are safe to use unless they display an explicit temperature warning.

Persons: Apple Organizations: Apple, Grove Apple Locations: Los Angeles

☆ Intel plans to IPO programmable chip unit within three years; stock rises after hours
▼ + stars: | 2023-10-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Intel said it will treat its programmable chip unit as as a standalone business, with an aim to spin it out through an IPO in the next two to three years. Intel's Programmable Solutions Group will have its own balance sheet as it heads toward independence. The move also highlights the strong demand in the semiconductor industry for field programmable gate arrays, or FPGAs. Intel's FPGAs are sold under the Agilex brand. Intel doesn't break out PSG sales yet, but said in July that the unit had three record quarters in a row, offsetting a slump in server chip sales.

Persons: Pat Gelsinger, Sandra Rivera, Patrick Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Programmable Solutions, Center, PSG, Taiwan Semiconductor Manufacturing, Lattice Semiconductor, AMD, Intel's Data Locations: Mobileye

☆ Your phone will make an alarming noise Wednesday at 2:20 p.m. ET unless you turn it off first
▼ + stars: | 2023-10-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

If your phone, television or radio makes an alarming sound around 2:20 p.m. Nearly all smartphones connected to a cellular network will deliver a message, alongside an alert sound and vibration: "THIS IS A TEST of the National Wireless Emergency Alert System. This is the third nationwide test of the alert system, FEMA said. The alert sound can't be turned off on smartphones if they are on. While iPhones and most Android smartphones offer settings to opt out of certain government alerts, such as Amber alerts, users can't opt out of this test, FEMA said.

Persons: Deanne Criswell, Amber Organizations: Federal Emergency Management Agency, Federal Communications Commission, National Wireless, FEMA, U.S

☆ Google is making big changes to prevent Gmail spam
▼ + stars: | 2023-10-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Google will make it harder for spammers to send messages to Gmail users, the company said Tuesday. The company said it will require emailers who send more than 5,000 messages per day to Gmail users to offer a one-click unsubscribe button in their messages. Google says it has signed up Yahoo to make the same changes, and they'll come into effect in February 2024. The moves highlight the ongoing fight between big tech companies and spammers who use open systems such as email to send fraudulent messages and annoy users. About half of all emails sent in 2022 were spam, according to an estimate from Kaspersky Anti-Virus.

Persons: they'll, Neil Kumaran Organizations: Google, Yahoo, Kaspersky

☆ Apple will issue a software update to address iPhone 15 overheating complaints
▼ + stars: | 2023-09-30 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook greets customers purchasing Apple’s new iPhone 15 during a launch event at the Fifth Avenue Apple Store in New York City on Sept. 22, 2023. Apple said on Saturday that it will issue a software update that would address customer complaints about the latest iPhone 15 models, released just over a week ago, running hot. CNBC's review of the new iPhone Pros also noted the iPhone 15 Pro Max got hot. "I just got the iPhone 15 Pro today and it's so hot i can't even hold it for very long!" Apple's new high-end models, the $999 iPhone 15 Pro and $1,199 iPhone 15 Pro Max have a redesigned titanium enclosure with an aluminum frame to make them easier to repair.

Persons: Tim Cook, Apple, Max Organizations: Apple, Fifth, CNBC Locations: New York City

☆ Meta announces new Quest 3 VR headset as Apple competition looms
▼ + stars: | 2023-09-27 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Meta announced Quest 3, a sequel to the bestselling VR headset of all time, on Wednesday. Other improvements include "pancake lenses," a kind of optic first used on Meta's $1,499 Quest Pro that make images sharper and allows for higher resolution. The release of Meta's latest VR headset comes as a battle looms with Apple in virtual reality. Its Quest 2 is by far the bestselling VR headset, with nearly 10 million units sold last year, slightly down from a pandemic peak, according to an industry estimate. Apple's Vision Pro headset won't go on sale until next year, and costs significantly more than Meta's headsets, starting at $3,499.

Organizations: Meta, Qualcomm, Apple, Facebook, VR, Reality Labs

☆ Apple exec Eddy Cue set to testify in Google trial about $19 billion search deal
▼ + stars: | 2023-09-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Under scrutiny is a deal in which Google pays Apple billions of dollars to be the default search engine on the iPhone's browser and other settings. Google could pay Apple as much as $19 billion this year, according to an estimate from Bernstein. Cue, who negotiated the deal with Google from Apple's side, is expected to testify that Apple picked the Google search engine as an iPhone default because it was the best product. He's also expected to say that Apple doesn't see a reason to create a new Apple search engine because Google already exists, according to a person familiar with Cue's anticipated testimony. "I think their search engine is the best," Apple CEO Tim Cook said when asked about using Google as the iPhone's default search engine in 2018.

Persons: Bernstein, He's, Cue's, Microsoft Bing, Tim Cook Organizations: Apple, U.S . Department of Justice, Google, Yahoo, Microsoft

☆ iPhone 15 Pro analysis unveils Qualcomm modem and easier-to-repair smartphone frame
▼ + stars: | 2023-09-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Apple's iPhone 15 Pro and iPhone 15 Pro Max have a new frame design, which could make repairing the devices' screens or swaps of their batteries easier, according to a teardown analysis by iFixit, a parts vendor and gadget-repair advocate. That's in part because Apple uses software to lock parts to specific devices, making independent fixes more difficult or near impossible. Last year's mainstream model of the iPhone 14 — not the pricier Pro — also had a design featuring removable back glass. It requires manufacturers such as Apple to make rental tools, repair guides and authorized parts available to users to repair devices at home. In 2022, Apple introduced Self Service Repair, which allows repair shops and end users to rent professional-level repair tools and buy replacement parts from Apple.

Persons: Max, iFixit, Pro Max, — Organizations: Apple, Pro, Qualcomm Locations: California

☆ Apple CEO Tim Cook appears in New York to celebrate iPhone 15 release
▼ + stars: | 2023-09-22 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook greets customers purchasing Apple’s new iPhone 15 during a launch event at the Fifth Avenue Apple Store in New York City on Sept. 22, 2023. Apple CEO Tim Cook opened the company's Fifth Avenue store Friday in New York to celebrate the official release of the iPhone 15 lineup, the Apple Watch Series 9 and the Apple Watch Ultra 2. Apple announced its new devices at its annual launch event earlier this month, and preorders opened Sept. 15. The new iPhone 15 lineup starts at $799 and features a USB-C charging port and a new titanium exterior. Customers can purchase the new devices at their nearest Apple Store or online.

Persons: Tim Cook, CNBC's Steve Kovach, Cook, preorders, Max, Kif Leswing Organizations: Apple, Fifth, Counterpoint Research, Bank of America Locations: New York City, New York, Madison

☆ Apple Watch Series 9 review: It turns your hand into a button and Siri is faster
▼ + stars: | 2023-09-20 | by ( Kif Leswing | ) www.cnbc.com time to read: +8 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTThe Apple Watch Series 9, 45mm version, in aluminum with the new Snoopy watch face. Apple is releasing new Apple Watch models, called Series 9, on Friday. I've been testing a 45mm aluminium Apple Watch Series 9 for a few days. Apple provided an Apple Watch Series 9 with pre-release software for this review. Brighter displayThe other big hardware improvement to the Apple Watch Series 9 is a brighter display.

Persons: you've, it's, Siri, Kif, CNBC Siri, I've Organizations: Apple, Apple Watch, Apple's, Apple News, Vision, CNBC

☆ China's capital city is letting the public take fully driverless robotaxis — and has bigger rollout plans, startup Pony.ai says
▼ + stars: | 2023-09-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Vcg | Visual China Group | Getty ImagesBEIJING — China's capital city is taking swift steps to allow robotaxi businesses to grow. As of Tuesday, the suburban Beijing city district of Yizhuang is officially letting local robotaxi operators — primarily Baidu and startup Pony.ai — charge fares for fully autonomous taxis, with no human staff inside. "We have very high confidence ... maybe only in three years, our full driverless vehicles are going to be running over the whole Beijing city," he said in an interview with CNBC on Monday. Out of more than 200 robotaxis that Pony.ai operates in the region, only about ten are currently fully driverless, Zhang said. Beijing city did not immediately respond to a CNBC request for comment.

Persons: Ning Zhang, Beijing's, Zhang, Yin Yong, Pony.ai, Baidu, Alphabet's Waymo, Pony.ai's Zhang, —, Leswing, Lora Kolodny Organizations: Visual China, Getty, BEIJING, Baidu, CNBC, Daxing International, robotaxis, General Motors, California Department of Motor Vehicles, Beijing Daxing, Google Locations: Beijing, Yizhuang, Pony.ai, Yizhuang district, Daxing, U.S, San Francisco, California, China, Shenzhen, Wuhan, Chongqing, Guangzhou, Shanghai

☆ Apple iPhone 15 Pro review: Lighter weight makes a huge difference
▼ + stars: | 2023-09-19 | by ( Kif Leswing | ) www.cnbc.com time to read: +13 min

In addition to the Pro models, Apple also offers two cheaper options, the iPhone 15 and iPhone 15 Plus, which cost $799 and $899 and up. Here's what's new and exciting about the iPhone 15 Pro phones:What's goodTitaniumThe "natural titanium" finish is the most noticeable new iPhone color. The iPhone 14 Pro is in the back and the iPhone 15 Pro is in the front. On the right: 5x zoom photo taken with the iPhone 15 Pro Max Kif Leswing/CNBCIt's also a reason to reach for the bigger iPhone 15 Pro Max over the cheaper but lighter and smaller iPhone 15 Pro. ConclusionThe iPhone 15 Pro on the left, the iPhone 15 Pro Max on the right.

Persons: CNBC I've, I'd, Here's, isn't, it's, Max, Kif, Max Kif Leswing, CNBC It's, you'll, iPhones, Apple CarPlay, they're, It's Organizations: CNBC, 1TB, Max, Apple, Apple Watch Locations: 1TB, Francisco's, Nice

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