Apple Inc (AAPL)

[Canna_Business]

$300 this week.

[zdog]

You have been screaming sell since under $100. Anyone listening to you would have to be stupid.

[DiscoverGold]

Apple $AAPL has the most bullish flow so far today
By: Cheddar Flow | June 11, 2024

• $AAPL has the most bullish flow so far today



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[DiscoverGold]

$AAPL $1.8 Million Call. This order has a July expiration and was executed above the ask
By: Cheddar Flow | June 11, 2024

• $AAPL $1.8M Call

This order has a July expiration and was executed above the ask



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[budgetthis]

APPLICIOUS, fellow followers of the Cosmic Crisp sensation.

$$ AAPL $$

[DiscoverGold]

Today Apple Inc. (AAPL) is the best performer in the DJIA
By: Thom Hartle | June 11, 2024

• Today (8:32 CST), the best performer in the DJIA is Apple Inc. AAPL.



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[DiscoverGold]

Keep an eye on $AAPL heading into next month...
By: TrendSpider | June 10, 2024

• Keep an eye on $AAPL heading into next month...

The stock has a perfect record over the last 8 years in July, with a massive mean return of +8.23%



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[DiscoverGold]

$AAPL currently trading at 30 times trailing earnings...
By: TrendSpider | June 10, 2024

• $AAPL currently trading at 30 times trailing earnings...

Too expensive or too cheap?



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[Investors3]

MacDailyNews presents live coverage of Apple’s WWDC 2024 keynote address
Monday, June 10, 2024 12:07 pm
10 Comments

https://macdailynews.com/2024/06/10/macdailynews-presents-live-coverage-of-apples-wwdc-2024-keynote-address/

[power11]

NOTHING REALLY NEW.......WITOUT THE BUYBACK THIS IS 130$ STOCK
SELLLLLLLLLLLLLLLLLL
SELLLLLLLLLLLLLLLLLLLLLLLLLLLL
SELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL

[Investors3]

Apple Showcases AI at WWDC 2024, Nvidia Stock Split Starts Today, and More News
June 10 2024 - 7:29AM
IH Market News

Apple (NASDAQ:AAPL) – At today’s Apple Developer Conference (WWDC 2024) kicking off today, the company will demonstrate its prowess in the advanced field of artificial intelligence. Despite being an early adopter of AI with products like Siri, Apple now faces a perception of trailing behind competitors following innovations like ChatGPT. Throughout the event, Apple will unveil significant AI improvements, including a new version of Siri and expanded functionalities for digital content processing.

Microsoft (NASDAQ:MSFT) – Microsoft has decided to keep its new Recall feature, which logs user activities on PCs to streamline data organization, disabled by default. This decision comes after security concerns arose regarding the potential for hackers to access these logs. The company will also require additional authentication to activate the feature. Additionally, Microsoft showcased fully digital versions of the Xbox Series X and S consoles at the Xbox Games Showcase, along with game trailers like the new edition of “Call of Duty”. The event takes place amidst a period of sluggish sales and economic challenges in the gaming industry.

Nvidia (NASDAQ:NVDA) – Nvidia will commence trading at a lower price today following a 10-for-1 stock split. Wall Street remains bullish on Nvidia’s valuation increase, which has surged by 144% this year. Evercore analysts believe Nvidia could represent up to 15% of the S&P 500 in the future.

Advanced Micro Devices (NASDAQ:AMD) – Morgan Stanley analysts downgraded AMD to neutral, citing elevated investor expectations for its AI segment, especially when compared to competitors like Nvidia and Broadcom. They see limited potential for upward revisions for AMD, despite a rebound in its core business and an anticipated increase in AI chip sales.

Snowflake (NYSE:SNOW) – Snowflake is encouraging its clients to implement stricter security controls, such as multi-factor authentication (MFA), after hackers targeted customer accounts using malware and purchased credentials. This follows security incidents involving clients like Live Nation (NYSE) and Advanced Auto Parts (NYSE), raising concerns about data security in the cloud.

Oracle (NYSE:ORCL) – Oracle’s primary medical records client, the US Department of Veterans Affairs (VA), reported that Oracle’s software is not improving patient care as expected. Less than 20% of VA physicians and nurses believe the software enables “high-quality care”. The VA is renegotiating its $16 billion contract with Oracle, which acquired Cerner in 2022, aiming to enhance the electronic medical records system.

Netflix (NASDAQ:NFLX) – Netflix plans to drive its next growth phase by investing in live events and sports, following the success of its ad-supported offering. The strategy, mirroring the traditional TV model, could propel stocks back to 2021 record highs, benefiting from increased visibility and advertising revenue potential.

Walmart (NYSE:WMT) – Walmart opposes New York’s new legislation requiring panic buttons in stores, arguing it may trigger too many false alarms. The law was passed to enhance retail worker safety in response to rising violence and thefts. In other related news, Walmart forecasts its US e-commerce business to be profitable within the next two years. The company is focused on cost reduction and order fulfillment, capitalizing on the 22% surge in online sales in the last quarter.

Yelp (NYSE:YELP) – Yelp may sue ReviewVio for falsely advertising that it can remove negative reviews from the Yelp website, alleging trademark infringement and unfair competition. Judge William Alsup in San Francisco allowed the lawsuit to proceed, highlighting potential confusion about the relationship between the companies and the impact on Yelp’s advertising services.

Tesla (NASDAQ:TSLA) – Tesla CEO Elon Musk announced that there won’t be an updated version of the Model Y this year, despite ongoing improvements to vehicles. Upgrades to Tesla’s older models have been sluggish due to high interest rates and competition from more affordable models in China. Additionally, Tesla shareholders will soon vote on a controversial $56 billion compensation package for Elon Musk. With approximately 90% of retail shareholders seemingly in favor, approval seems likely despite opposition from major funds and recommendations against from proxy advisors. Norway’s $1.7 trillion sovereign wealth fund will vote against Elon Musk’s $56 billion pay package at Tesla, after a judge deemed it unfair to shareholders. Tesla also argues that the legal team that nullified Elon Musk’s pay package in January deserves only a fraction of the $5.6 billion in fees sought, as the case brought little benefit to the company. The automaker proposes to pay $13.6 million for legal services.

Stellantis (NYSE:STLA) – Stellantis has preemptively expanded the recall of potentially faulty airbags in Europe, Africa, and the Middle East to include more Citroen, DS, and Opel models. The recall now covers Citroën C4, DS4, DS5 models, and some Opel vehicles, albeit less restrictive than the initial recall, which included Citroën C3 and DS3.

Southwest Airlines (NYSE:LUV)- Elliott Investment Management, an activist investor, has acquired a nearly $2 billion stake in Southwest Airlines. They plan to press the airline for strategic changes to rectify its underperforming performance.

Spirit Airlines (NYSE:SAVE) – Spirit Airlines dismisses the possibility of bankruptcy and is optimistic about its plan following the failure of the merger with JetBlue (NASDAQ). CEO Ted Christie expressed this confidence at the annual shareholder meeting, despite a recent decline in the company’s shares and operational challenges, including aircraft groundings.

Boeing (NYSE:BA) – Boeing’s CST-Starliner space taxi successfully docked with the International Space Station, bringing its first astronauts, Sunita Williams and Barry Wilmore. This test flight is crucial for both NASA and Boeing, especially after multiple delays and technical setbacks.

Virgin Galactic (NYSE:SPCE) – Virgin Galactic successfully conducted its second spaceflight this year on Saturday, carrying Turkish, American, and Italian tourists to the edge of space. Galactic Mission 07 reached approximately 55 miles in altitude on a flight lasting just over an hour, departing and returning to Spaceport America in New Mexico.

BP plc (NYSE:BP) – BP updated its conflict of interest policy, requiring employees to disclose any intimate relationships with colleagues. The change follows the dismissal of former CEO Bernard Looney for failing to disclose such relationships, emphasizing total transparency to avoid conflicts of interest, under the threat of dismissal.

Occidental Petroleum (NYSE:OXY), Berkshire Hathaway (NYSE:BRK.A) – Warren Buffett’s Berkshire Hathaway acquired about 2.57 million shares of Occidental Petroleum from June 5 to 7, investing over $150 million. This raised its total stake in the company to approximately 250.6 million shares, representing about 28% of Occidental.

US Steel (NYSE:X) – Takahiro Mori, vice president of Nippon Steel, returned to the US to promote the acquisition proposal for US Steel, receiving positive feedback from employees and community leaders. Despite regulatory scrutiny and union opposition, the Japanese company aims to conclude the $14.9 billion merger, already approved outside the US.

Diamond Offshore Drilling (NYSE:DO), Noble Corporation (NYSE:NE) – Diamond Offshore Drilling has agreed to be acquired by Noble Corp. for approximately $1.6 billion in a cash and stock deal. Under the agreement, Diamond Offshore’s shares were valued at $15.52 based on Friday’s closing price. Diamond Offshore Drilling shares rose 4.6% in pre-market trading to $14.57.

CrowdStrike (NASDAQ:CRWD), KKR & Co (NYSE:KKR), GoDaddy (NYSE:GDDY) – S&P Dow Jones Indices announced that KKR & Co, CrowdStrike, and GoDaddy will be added to the S&P 500 index on June 24, replacing Robert Half (NYSE:RHI), Comerica (NYSE:CMA), and Illumina (NASDAQ:ILMN).

Blackstone (NYSE:BX) – Nadeem Meghji, global co-head of Blackstone’s real estate sector, noted that liquidity is returning to the real estate market, with high-quality assets attracting more interest. He observed an increase in the number of bidders for apartment buildings, attributing this to falling capital costs and new supply.

KKR & Co (NYSE:KKR) – KKR & Co. invested $50 million in one of its main real estate funds and committed to supporting its valuation amidst commercial real estate market instability. The company also plans to repurchase up to 7.7 million shares if the fund’s valuation falls below $27 per share by 2027, ensuring value for shareholders and demonstrating confidence in the real estate market’s recovery.

PowerSchool Holdings (NYSE:PWSC), Bain Capital (NYSE:BCSF) – Bain Capital will acquire PowerSchool Holdings in a deal valuing the educational software company at $5.6 billion. Bain will pay $22.80 per share, a 37% premium over the previous closing price. Vista Equity and Onex will retain minority stakes post-acquisition.

Visa (NYSE:V), Mastercard (NYSE:MA)- Visa and Mastercard will face new lawsuits in London after a court allowed collective proceedings on behalf of merchants to proceed. The companies are accused of overcharging interchange fees, with many lawsuits already underway in London’s Competition Appeal Tribunal.

Waystar (WAY) – Waystar shares fell on Friday in their Nasdaq debut after raising $968 million in their initial public offering, one of the largest IPOs of the year. The shares opened at $21, below the IPO price of $21.50, and closed at $20.70, valuing the company at $3.50 billion.

Walgreens Boots Alliance (NASDAQ:WBA) – Walgreens Boots Alliance is considering an initial public offering for its Boots pharmacy network in the UK, while continuing sale negotiations. The company has informally discussed with potential buyers, including private equity firms, without yet making a final decision on Boots’ sale.

Pfizer (NYSE:PFE) – A study by Stanford University found that a 15-day treatment with Pfizer’s antiviral Paxlovid did not alleviate long Covid symptoms. Despite hopes based on anecdotal reports, the study involving 155 participants showed no significant improvement in symptoms like fatigue and mental confusion.

Moderna (NASDAQ:MRNA) – Moderna announced that its combined Covid-19 and flu vaccine is more effective than individual vaccines, based on a late-stage trial. Being the first to release positive phase three data, the company plans to seek regulatory approval in the US soon, targeting a 2025 launch.

Express (NYSE:EXPR) – Express is selling its business for $160 million to a consortium including mall owners and investment firms. The sale, still open to better offers, also includes assuming $38 million in liabilities. This move averts the risk of liquidation and protects jobs and stores.

GameStop (NYSE:GME) – GameStop shares rose 6.6% in pre-market trading after closing down 39% on Friday, marking its worst day since February 4, 2021. This occurred despite Keith Gill, the infamous meme trader known as Roaring Kitty, scarcely mentioning GameStop in his live stream on Friday, although he reiterated his bullish stance on the company.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94012430/apple-showcases-ai-at-wwdc-2024-nvidia-stock-spli

[Investors3]

How to emulate the original PlayStation and Nintendo 64 on Mac
Alex Baggott | Jun 07, 2024

Games on the Sony PlayStation and Nintendo 64 can be played on an Apple Silicon Mac with a little bit of work. Here's how to emulate the classic consoles on a Mac or MacBook.

The transition from the fourth to the fifth generation of video game consoles was a unique time in gaming history. It heralded the movement from 2D to 3D games during the mid-1990s.

This involved pioneering work in bringing real-time 3D graphics to life, as well as the disruption of major players in the industry.

It also adds a whole new dimension (literally) to emulating games. Polygon transformation, projection, lighting and shading, texture mapping, anti-aliasing, depth and occlusion, animation, and camera positioning must all be handled accurately by emulators.

Some of these aspects can even be manipulated to produce better visuals.

Incidentally, it's easy for modern Macs to perform the graphical computations made on the hardware of fifth-gen consoles. But, it's more taxing for them to emulate the console performing those same calculations.

When we add multiple graphical enhancements on top of this, you'll see how emulating these games can rapidly make your Mac's hardware struggle.

Unlike the fourth generation systems in our previous guide, the setup for emulating fifth generation consoles on Mac depends on the particular console.

Also, due to the higher complexity, not every available approach works well. So, the following guide makes recommendations based on the results of our testing and experimentation.

Important: The legalities of emulation

Before you start, you should ensure that you understand the legality of emulating games. It is usually legal to emulate a console as long as you own the original hardware, so make sure that you do.

You should also own a legitimate copy of the original game, since downloading or distributing a game without owning it is illegal. However, the legality of using digital copies of physical games depends on copyright laws in your jurisdiction, and can vary significantly between regions.

Please check all of this out before proceeding.

The need for BIOS files

In the world of emulation, optical disc systems such as the PlayStation or Sega Saturn need BIOS files to run. Cartridge-based systems like the N64 do not.

BIOS (Basic Input/Output System) files contain the firmware necessary for the console to interface with the game's hardware. Essentially, the BIOS acts as an intermediary, handling system startup routines and ensuring proper communication between the game and the emulated hardware.

On the original consoles, the BIOS initializes the hardware, including the optical drive, to make sure that it reads the game disc correctly. It also manages core system functions such as memory card access, audio, and video settings.

This provides a standardized environment in which games run.

Additionally, BIOS files perform security checks to authenticate the game disc, verifying that it's a legitimate copy. This step is crucial for consoles designed to prevent piracy.

Many optical disc consoles implement region locking through their BIOS. This restricted games to specific geographic regions, such as Europe or the US.

In contrast, cartridge-based systems like the Nintendo 64 do not require BIOS files for emulation. This is because cartridges are self-contained, meaning the hardware initialization and system functions are directly managed by the cartridge itself.

Games on cartridge-based systems access the console's hardware directly, bypassing the need for an intermediary firmware layer.

For emulators, this distinction means they require the original BIOS file to accurately replicate the startup routines and system functions of consoles that used them. Without the BIOS, these emulators cannot perform essential tasks, leading to compatibility issues or failure to boot games.

The BIOS region must match the region of the game ROM. For example, an SCPH-3000 BIOS (a model of Japanese PS1) can only run PS1 games that were released in Japan.

You must also make sure that you only use BIOS files from the hardware that you own. For example, if you own PAL PS1 from the UK, it's illegal to download and use the BIOS of an NTSC PS1 from the US.

How to extract your PlayStation (PS1/PSX) BIOS

This process dumps the BIOS from your PS1 and converts it for use in an emulator.

This guide uses a piece of software called MemcardRex which is currently only available for Windows. Therefore, you'll either need access to a PC to run it, or you'll need to use CrossOver or a virtual machine.

How to extract the PlayStation BIOS with BIOS Dumper...
https://appleinsider.com/inside/apple-silicon/tips/how-to-emulate-the-original-playstation-and-nintendo-64-on-mac?utm_medium=rss

[Investors3]

GME Volatile as Roaring Kitty Goes Live Today, Meta Unveils AI for WhatsApp Ads, and More Apple (NASDAQ:AAPL)
June 07 2024 - 8:09AM
IH Market News

GameStop (NYSE:GME) – GameStop shares are volatile in pre-market trading on Friday, after soaring nearly 50% the day before, following the announcement by the influencer known as “Roaring Kitty” of an upcoming live broadcast on YouTube today at 12 PM, Eastern Time (ET). Since Gill resumed social media activities in May, GameStop’s market value has increased by $11 billion. This rise is part of a pattern of volatile trading influenced by his activities. Gill’s broadcast has garnered over 12,000 registrations. The stock reversed from a gain of over 30% to a 16.4% drop in pre-market trading shortly after the video game retailer announced its first-quarter results.

Meta Platforms (NASDAQ:META) – Meta launched an AI-based ad targeting program on WhatsApp to generate revenue, marking a new approach for the messaging service. The tools use behavioral data from Facebook and Instagram to target potential customers, representing a shift in WhatsApp’s privacy practices.

Nvidia (NASDAQ:NVDA) – As Nvidia threatens to become the world’s most valuable company, surpassing Microsoft, some investors are skeptical and are betting that its sharply rising shares may depreciate. Short bets against Nvidia total about $34 billion, nearly double the combined bets against Apple and Tesla. After today’s market close, Nvidia will conduct a 10-for-1 stock split, making its shares more accessible and potentially broadening its appeal to individual investors. After the split, the share price will be proportionally reduced, which could favor the company’s inclusion in the Dow Jones, which is price-weighted.

Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA) – The U.S. Department of Justice and the Federal Trade Commission have reached an agreement to conduct antitrust investigations into Microsoft, OpenAI, and Nvidia, related to these companies’ dominance in the artificial intelligence market.

Apple (NASDAQ:AAPL) – Next week, Apple will launch a new app called “Passwords” to facilitate login to websites and programs. This feature, part of iOS 18, iPadOS 18, and macOS 15, is an extension of iCloud Keychain and aims to simplify password management, increasing competition with other password managers.

Netflix (NASDAQ:NFLX) – Fiona Harvey, a Scottish lawyer, is suing Netflix and Richard Gadd for defamation, seeking at least $170 million. She claims that the miniseries “Baby Reindeer” falsely portrays her as a stalker and criminal, damaging her reputation, as many viewers believe she is the “real” Martha, the show’s character. Additionally, Netflix has revealed details of the animated films “Spellbound” and “Pookoo,” developed in collaboration with Skydance Animation. “Spellbound” tells the story of Ellian, who seeks to break the spell that turned her parents into monsters, set for release on November 22. “Pookoo” explores the adventure of enemies swapping places, set to premiere in 2025.

Amazon (NASDAQ:AMZN) – Amazon faces a $1.3 billion lawsuit from about 35,000 British retailers, alleging that the company misused their data on the Marketplace to favor its own products and profit, thereby harming competition. The lawsuit was initiated by the British Independent Retailers Association in London.

Mercado Libre (NASDAQ:MELI) – The Latin American e-commerce leader plans to increase its investments in Brazil to more than $4.35 billion (23 billion reais), exceeding the initial forecast due to higher-than-expected sales. The company also expects to hire 11,000 people, up from the initially planned 6,500.

Walmart (NYSE:WMT) – Walmart is replacing paper labels with digital ones in its stores, allowing for quick price updates on more than 120,000 items in minutes. Previously, weekly updates took up to two days. This will improve efficiency and price management, as well as streamline product selection for online orders.

Starbucks (NASDAQ:SBUX) – Starbucks is starting a partnership with Grubhub to deliver coffee and beverages in the U.S., beginning in Pennsylvania, Colorado, and Illinois, with plans for national expansion by August. Meanwhile, Brazilian restaurant operator Zamp has closed a deal to acquire the rights to operate the Starbucks brand in Brazil for R$ 120 million, which includes managing some stores.

Costco Wholesale (NASDAQ:COST) – According to Reuters, when Costco opened a store in a rural Japanese town, it sparked strong competition for workers by offering high wages. In response, a local noodle shop increased wages by a third to retain and attract employees, despite the financial difficulties this posed.

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) – TSMC’s sales in May grew 30%, reaching $7.1 billion, driven by demand in artificial intelligence and the recovery of consumer electronics.

Lyft (NASDAQ:LYFT) – Lyft plans to maintain its competitiveness in the U.S. ride-sharing market, aiming for annual gross bookings growth of 15% by 2027. The company is also diversifying its revenue sources and expects its new advertising sector to grow eightfold in the same period.

Hertz Global Holdings (NASDAQ:HTZ) – Bloomberg reported on Thursday that Hertz is considering raising at least $700 million through secured debt and convertible notes to strengthen its balance sheet.

Instacart (NASDAQ:CART) – Instacart launched a new $500 million share repurchase program to bolster confidence in its growth potential. Completing two previous buyback rounds, the company reiterated its commitment to growth.

Toyota Motor (NYSE:TM), Mitsubishi UFJ Financial Group (NYSE:MUFG), Sumitomo Mitsui Financial Group (NYSE:SMFG) – Japan’s largest banks, MUFG and SMFG, will begin selling their strategic stakes in Toyota, valued at $8.5 billion. This move aligns with Japan’s corporate governance reforms, aimed at reducing cross-shareholdings between companies to avoid conflicts of interest and increase transparency.

Stellantis (NYSE:STLA) – Fiat, through Stellantis, has projected the production of the new hybrid Fiat 500e, with an expected annual sales range of 100,000 to 110,000 units. This version combines a gasoline engine and battery, offering a more affordable option compared to the fully electric model, which sold fewer than 80,000 units last year.

Nio (NYSE:NIO) – The Chinese electric vehicle manufacturer predicted on Thursday that its deliveries in the second quarter will more than double compared to the previous year, reaching between 54,000 and 56,000 units. The estimated revenue is about $2.3 billion. Despite the increase in sales, the company still reports losses.

Delta Air Lines (NYSE:DAL) – Delta Air Lines will announce plans for a new flight between Seattle and Washington’s Reagan National Airport, taking advantage of new legislation creating five new daily slots at this airport. Delta aims to increase competition and reduce prices on a route already served by Alaska Airlines (ALK).

Boeing (NYSE:BA) – Boeing’s space taxi, the CST-Starliner, successfully docked with the International Space Station, carrying NASA astronauts Sunita Williams and Barry Wilmore for a critical test flight. Despite initial thruster issues, the mission marks an important step for Boeing in space transportation.

Lockheed Martin (NYSE:LMT) – Germany plans to acquire eight additional F-35 fighters from Lockheed Martin, in addition to the 35 already ordered, raising the total number to 43. This acquisition reflects Berlin’s commitment to updating its defense capabilities with the most advanced aircraft available.

Devon Energy (NYSE:DVN) – Devon Energy lost bids to acquire three oil and gas companies due to the rejection of its stock as a form of payment. This includes failing to outbid offers from ConocoPhillips and Occidental Petroleum, respectively $22 billion and $12 billion, negatively affecting its competitive position.

Sociedad Quimica y Minera de Chile (NYSE:SQM), Rothschild & Co (EU:ROTH) – Rothschild & Co is leading the search for partners for Codelco in a new major lithium project in Chile, called the “Paloma Project,” with production expected to start in 2030. The project initially contemplates lithium production through evaporation ponds, with a future possibility of using direct lithium extraction technology.

Moody’s (NYSE:MCO) – Moody’s Ratings placed the long-term debt ratings of U.S. regional banks, including Old National Bancorp (NASDAQ:ONB), under review for downgrade due to concerns about exposure to the commercial real estate sector. The justification is the concentration in loans from this sector, increasing risks during recession periods. Additionally, a Moody’s report highlights that most global insurers plan to invest more in the private credit market in the coming years. This market, although less transparent and riskier than public credit, has attracted insurers due to attractive returns, especially in the U.S., where these holdings already represent 36% of their regional investments.

Emerson (NYSE:EMR), Blackstone (NYSE:BX) – Emerson agreed to sell its 40% stake in the Copeland joint venture to Blackstone for $3.5 billion, seeking to simplify its business and focus more on automation.

PayPal (NASDAQ:PYPL) – PayPal shares are up 0.25% in pre-market trading, following a 5.5% increase on Thursday. The rise came amid optimistic expectations for the new Fastlane product, which simplifies the checkout process. This represents a rebound after underperforming the market in recent years.

Citigroup (NYSE:C) – Analysts at BofA Securities suggest that Citigroup could sell its wealth management business due to inefficiency and uncertain results in this segment. Jane Fraser, Citigroup’s CEO since 2021, is restructuring the bank, reducing businesses and jobs, and introducing new leaders to streamline operations.

Morgan Stanley (NYSE:MS) – Morgan Stanley faces disputes due to a judge’s decision classifying its deferred compensation programs under ERISA law, affecting arbitrations over payments. The company seeks review of the decision, arguing that it complicates its defense in other similar arbitrations.

Waystar Holding Corp. (WAY) – The healthcare payments software maker set the price of its initial public offering (IPO) at $21.50 per share, hitting the midpoint of the $20 to $23 range. With this, the company raised $968 million, reaching a market value of about $3.6 billion. Waystar plans to use the proceeds to pay off debt. Waystar shares will begin trading on Friday on the Nasdaq Global Select Market under the symbol WAY.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/94005246/gme-volatile-as-roaring-kitty-goes-live-today-met

[Investors3]

What to expect from Apple’s AI-powered WWDC
Tuesday, June 4, 2024 2:33 pm
4 Comments

Apple’s Worldwide Developers Conference (WWDC) next week promises to be a pivotal moment in the company’s history as Cupertino will reveal how it plans to integrate AI technology into its operating systems, software, and devices, including through a historic partnership with OpenAI.

Sarah Perez for TechCrunch:

As the big event nears, all sorts of leaks have emerged about what iOS 18 and its rumored AI-powered apps and features have in store.

Among the changes, Apple is said to be powering some of its new AI features with its Ajax LLM. Other reports indicate that Apple plans to process data from AI in a way that even employees won’t be able to access, which would help Apple continue to deliver on its promise of data privacy for its users.

Apple’s digital assistant is prepared to get an AI revamp. The digital assistant will leverage Apple’s own large language models and will allow Siri to control individual features inside applications… A more advanced Siri will also come to Apple Watch for on-the-go use. You could use Siri on your Watch to play music on another device, one report said.

Generative AI emojis will be supported [in Messages], letting users create their own emojis with technology.

Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.

MacDailyNews Take: For better, hopefully, or worse, WWDC24 certainly will be a pivotal moment in Apple’s history. Go, Apple marketing, go!

[W]e’ve been wanting [an iPhone or iPad to automatically generate Memoji for users] from the start as, despite our best efforts, some of our Memoji end up only vaguely reminiscent of the person they’re supposed to represent*.

*as a cartoon 10-year old. – MacDailyNews, October 22, 2019

https://macdailynews.com/2024/06/04/what-to-expect-from-apples-ai-powered-wwdc/

[DiscoverGold]

Apple $AAPL with the most bullish premium today
By: Cheddar Flow | June 5, 2024

• $AAPL with the most bullish premium today.



Read Full Story »»»

DiscoverGold

[Greedy G]

~.03 now

[Greedy G]

~yup

[budgetthis]

Another marvelous day, I see……

APPLICIOUS!!

$$ AAPL $$

[GolfFishSurf]

Those 6/7 $205 Calls are now sitting at $0.01. Looking tough to get back to $0.05.

[DiscoverGold]

Apple Stock Could Still Be Undervalued Here Based on Its Powerful Free Cash Flow
By: Barchart | June 4, 2024

Apple Inc (AAPL) stock has risen substantially since releasing its fiscal Q2 earnings on May 2. But it could still be worth almost 25% more over the next year based on its strong free cash flow and FCF margins.

In morning trading on June 4, AAPL is at $194.19, up 14.7% from May 1 when it was at $169.30 per share. In my last Barchart article on May 3, “Apple Stock Surges on Buyback and Dividend News - OTM Options are Cheap Here, " I discussed the company's free cash flow and upside potential.”

In that article, I showed that AAPL stock could be worth as much as $217.44 per share. That still provides a +12% upside over today's price.

But since then analysts have raised their revenue projections, especially for next year. As a result, I can project that AAPL stock could be worth as much as $265.32 over the next year. That is almost 37% higher than today. I will show how I derive this target price below. Note that the average of these two target prices is $241.38, or 24.3% higher than today.

Projecting Apple's FCF

In the last six months, as I pointed out in my prior article, Apple made $58.2 billion in free cash flow (FCF) on $210.328 billion in sales. That works out to an FCF margin of 27.7% in the past six months.

Moreover, as I pointed out in my recent May 23 GuruFocus article on Apple, the company generated $103 billion in FCF in the trailing 12 months (TT) ending March 2024. That represented a similar 27.2% of sales ($381.6 billion), close to the 27.7% 6-month margin.

We can use this FCF margin to estimate its future cash flow. For example, analysts now project that sales will hit $410.7 billion for the year ending Sept. 2024. That is projected to be 6.2% higher than this fiscal year ($386.88 billion).

Projecting A Target Price

So, if we multiply the $410.7 billion in 2025 projected sales by the 27.7% FCF margin it made recently, FCF could rise to $113.8 billion. That is 10.5% over the TTM FCF of $103 billion.

As a result, AAPL stock could be worth as much as $4.06 trillion using a 2.8% FCF yield metric. That is the same as multiplying FCF by about 36x. This market cap is 36.6% over today's market cap of $2.975 trillion. In other words, the stock could be worth 37% more at $265.32 per share.

Why did I use a 2.8% FCF yield metric? For one the company is buying back at least 2.5% of its shares annually. I showed how the share count has been falling about this amount every year in my GuruFocus article mentioned above. So, the buyback yield is about 2.5% for shareholders.

Moreover AAPL stock also has a 0.5% dividend yield. Altogether this works out to a 2.8% to 3.0% shareholder yield for investors. That is how the market is willing to value the stock.

Analysts surveyed by AnaChart.com also have a higher price target. The average of 32 analysts' price targets is $206.35. That represents a potential upside of at least 6% over today's price.

The bottom line is that AAPL stock still looks cheap here based on its powerful FCF. The average potential upside is almost 25% ($241.38 per share) from here, based on analysts' revenue estimates and its strong FCF margins.

However, keep in mind that this could take up to a year to occur. It won't necessarily happen overnight. Analysts' revenue estimates for next year have to come into focus by the market as achievable. If that occurs, AAPL stock still has a good upside for long-term investors, based on its strong FCF margins.

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[DiscoverGold]

Today Apple Inc. (AAPL) is the best performer in the DJIA
By: Thom Hartle | June 5, 2024

• Today (8:32 CST), the best performer in the DJIA is Apple Inc. AAPL.



Read Full Story »»»

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[Investors3]

Carpenter uses AirTag to locate huge trove of stolen tools
BY ED HARDY • 1:25 PM, JUNE 3, 2024

A Virginia carpenter put Apple AirTag trackers on some of his tools so he could find them if they were stolen. It worked beyond his wildest expectations — he led police to what eventually turned out to be multiple collections of 15,000 stolen construction tools.

This is far from the first time an AirTag has helped locate a stolen item. But it’s never been quite this enourmously successful before.

AirTag helps recover thousands of stolen tools

Apple’s description for AirTag makes it clear the intent is to help people find misplaced items, like car keys. But some people put the tags on their possessions so they can track them down if they’re stolen.

A Virginia’s carpenter did just that after the second time he’d lost some of his work tools to thieves. When it happened again in January, he drove around the D.C. suburbs using his iPhone and the Find My application to locate the stolen AirTags, according to the Washington Post.

He was eventually led to a storage facility where he called in the police. They obtained a search warrant and discovered way more than this one man’s stolen carpentry tools. It was quite a large pile of similar items, and police started an investigation that eventually lead to almost a dozen other such collections.

“Howard County police have recovered approximately 15,000 stolen construction tools in what is believed to be one of the largest and most expansive theft schemes in the region in recent years,” reports the Howard County Police Department.

#HoCoPolice have recovered approximately 15,000 stolen construction tools totaling $3-$5 million in what is believed to be one of the largest and most expansive theft cases in the region in recent years. More info and to recover stolen tools: https://t.co/ecfD8G2eFP pic.twitter.com/eHv5n8qqzQ

— Howard County Police Department (@HCPDNews) May 23, 2024

Police estimate that the total value of the recovered items is between $3 million and $5 million. The construction tools were apparently stolen from retail stores, vehicles, homes and construction sites over months.

So far, no arrests have been made. Still, police are trying to return the recovered property. Those affected can fill out a form requesting their stolen items back.

Be careful!

Apple doesn’t recommend using AirTags to track stolen items because it can lead to dangerous confrontations with criminals.

The carpenter in the construction tool case handled it about as safely as possible by calling in police as soon as he’d found his missing items.

But in 2022, a New York City man used an AirTag to tack down his stolen scooter. He used poor judgement and confronted the apparent thief without the help of police and got the $%#@ beat out of him.

https://www.cultofmac.com/858297/carpenter-uses-airtag-to-locate-huge-trove-of-stolen-tools/

[Investors3]

No new Apple TV hardware is imminent at this time – Mark Gurman
Monday, June 3, 2024 1:46 pm
1 Comment

Apple fans waiting for a new Apple TV might have to hold on a bit longer. Bloomberg News’ Mark Gurman throws cold water on previous rumors of a first-half-2024 release, suggesting it’s not coming “imminently.”

While specifics are still under wraps, analysts predict a faster processor and potentially a more affordable price tag (sub-$100 according to Ming-Chi Kuo) for the next iteration. However, the Sellers Research Group believes Apple won’t slash the price, but rather focus on adding more value to justify the current cost. They might offer older models at a discount though.

As for design, no major changes are expected, but Gurman hints at Apple’s future exploration of a built-in camera for the Apple TV.

MacDailyNews Take: The wait continues.

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https://macdailynews.com/2024/06/03/no-new-apple-tv-hardware-is-imminent-at-this-time-mark-gurman/

[DiscoverGold]

Apple Worldwide Developers Conference starts exactly a week from today
By: TrendSpider | June 3, 2024

• Apple Worldwide Developers Conference starts exactly a week from today.

Buy the run-up, sell the actual event? $AAPL



Read Full Story »»»

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[Investors3]

Judge wants to see months of documents to decide if Apple violated an App Store injunction
Apple World Today
By Dennis Sellers
Jun 3, 2024, 8:10 am

photo of Judge wants to see months of documents to decide if Apple violated an App Store injunction imageJudge wants to see months of documents to decide if Apple violated an App Store injunction. The post Judge wants to see months of documents to decide if Apple violated an App Store injunction appeared first on Apple World Today.

https://machash.com/apple-world-today/373075/judge-wants-to-see-months-documents-to-decide-apple/

[Greedy G]

~bought 6/7 $205.05 calls @.05c

[Hitman970]

Bloated valuation, garbage products

[DiscoverGold]

Apple $AAPL looks like it wants to kick of June with a BANG
By: TrendSpider | June 2, 2024

• $AAPL looks like it wants to kick of June with a BANG



Read Full Story »»»

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[DiscoverGold]

$AAPL Current Unusual Options Flow through October: Call heavy in frequency and size
By: TrendSpider | June 2, 2024

• $AAPL Current Unusual Options Flow through October:

Call heavy in frequency and size



Read Full Story »»»

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[Investors3]

Apple to add Japan’s ‘My Number’ ID card functions to iPhone
Thursday, May 30, 2024 8:58 am
1 Comment

At the request of Japanese Prime Minister Fumio Kishida, Apple CEO Tim Cook agreed to put Japan’s “My Number” identification card functions onto iPhones, Japan’s top government spokesperson said on Thursday.

The Japanese government plans to integrate people’s tax and social security data into a single identification card to boost administrative efficiency.

The comment from Chief Cabinet Secretary Yoshimasa Hayashi comes after Kishida’s video conference earlier in the day with Cook.

“Prime Minister Kishida and Mr. Tim Cook confirmed that My Number card functions will be put on iPhones next spring,” Hayashi told a regular news conference.

MacDailyNews Take: Tracktastic!

“There will come a time when it isn’t ‘They’re spying on me through my phone’ anymore. Eventually, it will be ‘My phone is spying on me’.” - Philip K. Dick

“As information itself becomes the largest business in the world, data banks know more about individual people than the people do themselves. The more the data banks record about each one of us, the less we exist.” - Marshall McLuhan

“The way things are supposed to work is that we’re supposed to know virtually everything about what they [the government] do: that’s why they’re called public servants. They’re supposed to know virtually nothing about what we do: that’s why we’re called private individuals.” - Glenn Greenwald

Related

Apple CEO Cook relayed concern over App Store curbs to Japanese Prime Minister
Friday, December 30, 2022
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Apple CEO Cook meets with Japanese Prime Minister Shinzo Abe
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CEO Cook wants Apple to be catalyst for cashless society
Monday, October 17, 2016
In "News"

https://macdailynews.com/2024/05/30/apple-to-add-japans-my-number-id-card-functions-to-iphone/

[Investors3]

Sam Altman tightens grip over OpenAI as he inks major deal with Apple
Thursday, May 30, 2024 2:04 pm
2 Comments

OpenAI CEO Sam Altman has consolidated his grip on power at the tech firm that briefly ousted him last fall by inking a major deal with Apple to incorporate artificial intelligence into its products, according to a report.

Ariel Zilber for The New York Post:

The 39-year-old tech mogul has pushed out his rivals from the company’s board and is moving full steam ahead with plans to overhaul its nonprofit structure.

With the Apple deal, Altman is now hoping bring the company closer to its goal of one day replacing Google as the iPhone maker’s search partner for its Safari web browser, according to The Information… But Altman’s plans face potential roadblocks.

Microsoft, which has invested billions of dollars in OpenAI, is reportedly concerned about how the deal with Apple could affect its own AI ambitions.

Altman recently held a meeting with Microsoft CEO Satya Nadella to discuss Microsoft’s concerns, according to The Information.

MacDailyNews Take: Screw Satya Nadella’s “concerns.” Microsoft has always been and remains a maker of mediocre-at-best tech. If it isn;t already, Microsoft will be an albatross around OpenAI’s neck. OpenAI will benefit greatly from any association with Apple until Apple catches up in GenAI and is ready to do it itself (which hopefully goes better and faster than Apple’s modem efforts).

I’ve always wanted to own and control the primary technology in everything we do. — Steve Jobs

See also:
• Apple to power some AI features with via data centers using Apple Silicon – May 9, 2024
• Apple teaming with OpenAI on chatbot to be announced at WWDC – May 20, 2024

Related

OpenAI staff near total mutiny, threaten to follow founder Sam Altman to Microsoft
Monday, November 20, 2023
In "News"

Apple’s iPhone design chief Tan Tang to work with Jony Ive, Sam Altman on AI devices
Wednesday, December 27, 2023
In "News"

OpenAI and Jony Ive in talks to build the ‘iPhone of artificial intelligence’
Thursday, September 28, 2023
In "News"

https://macdailynews.com/2024/05/30/sam-altman-tightens-grip-over-openai-as-he-inks-major-deal-with-apple/

[budgetthis]

Easiest no-brainer, money-maker in the market, in my very humble yet uncannily correct opinion.

APPLICIOUS !!

$$ AAPL $$

[DiscoverGold]

Bank of America today reiterated its Buy rating on Apple $AAPL PO $230 saying:
By: Evan | May 29, 2024

• Bank of America today reiterated its Buy rating on Apple $AAPL saying:

"We view the upcoming AI enabled phones to drive a multi-year upgrade cycle similar to the step function improvement driven by the introduction of smartphones"



Read Full Story »»»

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[DiscoverGold]

Apple's $AAPL stock performance each full year since going public
By: Evan | May 26, 2024

• Apple's $AAPL stock performance each full year since going public

1981: -35.1%
1982: +34.9%
1983: -18.4%
1984: +19.5%
1985: -24.5%
1986: +84.1%
1987: +108%
1988: -3.4%
1989: -11.6%
1990: +23.5%
1991: +32.4%
1992: +6.9%
1993: -50.5%
1994: +35.2%
1995: -17.3%
1996: -34.5%
1997: -37.1%
1998: +211.7%
1999: +151.1%
2000: -71.1%
2001: +47.2%
2002: -34.6%
2003: +49.1%
2004: +201.3%
2005: +123.3%
2006: +18%
2007: +133.5%
2008: -56.9%
2009: +146.9%
2010: +53.1%
2011: +25.6%
2012: +32.6%
2013: +8.1%
2014: +40.6%
2015: -3%
2016: +12.5%
2017: +48.5%
2018: -5.4%
2019: +89%
2020: +82.3%
2021: +34.7%
2022: -26.4%
2023: +49%
2024*: -1.1% (So far)

Read Full Story »»»

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[Canna_Business]

"Apple Vision is not worth the hype" - Brian Redban (Joe Rogan Podcast)

[Investors3]

Wedbush hikes Apple price target to $275 as AI iPhone supercycle looms
Friday, May 24, 2024 12:52 pm
2 Comments

Dan Ives, WedBush Securities analyst, joins ‘Squawk on the Street’ to discuss Apple, his outlook on the stocks’ target price, China, and more.

June will be Apple’s last negative quarter in China and the company will experience an “unprecedented renaissance of growth,” Ive’s says.

Raising our Apple price target from $250 to $275 to reflect iPhone demand turning the corner into an AI driven iPhone 16 supercycle on the horizon. AI technology built into the Apple ecosystem adds $30 to $40 per share to the stock in our view. WWDC a key moment ahead for 🍎 🐂🏆

— Dan Ives (@DivesTech) May 23, 2024

MacDailyNews Note: Supercycle!

Related

Wedbush ups Apple price target to $600
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In "News"

Wedbush ups Apple price target to $185
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Tuesday, February 18, 2020
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https://macdailynews.com/2024/05/24/wedbush-hikes-apple-price-target-to-275-as-ai-iphone-supercycle-looms/

[Investors3]

Apple challenges €1.8 billion EU antitrust fine
Tuesday, May 21, 2024 12:17 pm
2 Comments

Apple is challenging a €1.8 billion (US$1.9 billion) European Union fine alleging the company thwarted fair competition among music-streaming rivals, including the perpetually whining Spotify.

Samuel Stolton for Bloomberg News:

[Apple] has filed a suit at the EU’s General Court in Luxembourg to topple the March decision, according to people familiar with the matter who spoke on condition of anonymity.

The EU’s crackdown on Apple also included an order to stop preventing music-streaming apps from informing users of cheaper deals away from its App Store.

Apple’s appeal sets up yet another court battle with the EU regulator, which previously slapped the Cupertino, California-based company with a record €13 billion tax bill in a dispute over Irish state aid. The final outcome is still pending after Apple won an early round.

MacDailyNews Take: Apple in March released a statement, “The App Store, Spotify, and Europe’s thriving digital music market,” which addresses the European Commission’s decision claiming the App Store has been a barrier to competition in the digital music market and fining Apple $2 billion.

Apple Inc.:

Today, the European Commission announced a decision claiming the App Store has been a barrier to competition in the digital music market. The decision was reached despite the Commission’s failure to uncover any credible evidence of consumer harm, and ignores the realities of a market that is thriving, competitive, and growing fast.

The primary advocate for this decision — and the biggest beneficiary — is Spotify, a company based in Stockholm, Sweden. Spotify has the largest music streaming app in the world, and has met with the European Commission more than 65 times during this investigation.

Today, Spotify has a 56 percent share of Europe’s music streaming market — more than double their closest competitor’s — and pays Apple nothing for the services that have helped make them one of the most recognizable brands in the world. A large part of their success is due to the App Store, along with all the tools and technology that Spotify uses to build, update, and share their app with Apple users around the world.
We’re proud to play a key role supporting Spotify’s success — as we have for developers of all sizes, from the App Store’s earliest days.

The App Store Journey

Since the App Store launched more than 15 years ago, Apple has had two simple goals: creating a safe and trusted marketplace for our users, and an incredible business opportunity for developers. That approach seems simple, but the app economy it inspired helped drive one of the fastest growth curves in the history of technology.
Today, developers compete on a level playing field on the App Store. Apps are reviewed according to a comprehensive set of rules, which are designed to protect our users. And meeting those rules means developers of all sizes can reach more than a billion devices around the world.

Over time, the App Store has offered developers even more value. But the vast majority of developers — about 86 percent — never pay Apple a commission.

Today, there are just two circumstances where a developer on the App Store pays Apple a commission. That’s when a user buys a paid app from the App Store or an in-app digital good or service — like a subscription or a power-up in a game.

If a developer sells physical goods, serves ads in their app, or just shares an app for free, they don’t pay Apple anything. The same is true if a developer sells a subscription on the web for users to buy, before they use it in an app on their device. Music app developers can even include information about other offers available outside of their app, along with a link directing users to a website to create and manage their account.
Over time, the App Store has helped developers of all sizes build successful businesses and reach people around the world. And few companies embody that story better than Spotify.

Spotify’s Dominant Share of the Market

Starting out as a small startup in Stockholm, Sweden, Spotify has grown their company into the largest digital music business in the world. They have a more than 50 percent share of the European market, and on iOS, Spotify has an even higher share than they do on Android.

But that’s just part of the picture, because Europe’s digital music market has absolutely exploded. Companies compete for new customers. Consumers have many options to choose from. And last year, there were nearly 160 million subscribers — up from 25 million in 2015 — a staggering 27 percent growth rate per year.
Companies like Google, Amazon, Deezer, SoundCloud, and Apple compete for customers every day — but Spotify stands at the top.

Spotify Pays Apple Nothing

Despite that success, and the App Store’s role in making it possible, Spotify pays Apple nothing. That’s because Spotify — like many developers on the App Store — made a choice. Instead of selling subscriptions in their app, they sell them on their website. And Apple doesn’t collect a commission on those purchases.

All told, the Spotify app has been downloaded, redownloaded, or updated more than 119 billion times on Apple devices. It’s available on the App Store in over 160 countries spanning the globe. And there are many more ways
Apple creates value for Spotify, at no cost to their company:

• Our engineering helps ensure that Spotify’s apps can work seamlessly with Siri, CarPlay, Apple Watch, AirPlay, Widgets, and more.

• Like every developer, Spotify can access Apple’s more than 250,000 APIs — and uses 60 of our frameworks — so their apps can connect with Bluetooth, send notifications, play audio in the background of a user’s device, and more.

• Spotify has used our beta-testing tool, TestFlight, for almost 500 versions of their app to experiment with new features and capabilities.

• Our App Review team has reviewed and approved 421 versions of the Spotify app — usually with same-day turnaround — and frequently expedites reviews at Spotify’s request.

It takes continuous effort and a lot of investment for Apple to make the tools, the technology, and the marketplace that Spotify uses every day. We’ve even flown our engineers to Stockholm to help Spotify’s teams in person. And the result is that when a user opens the Spotify app, listens to music on their commute, or asks Siri to play a song from their library, everything just works. And again — Spotify pays Apple nothing.

When it comes to doing business, not everyone’s going to agree on the best deal. But it sure is hard to beat free.

Spotify Wants More

But free isn’t enough for Spotify. They also want to rewrite the rules of the App Store — in a way that advantages them even more.

Like many companies, Spotify uses emails, social media, text messages, web ads, and many other ways to reach potential customers. Under the App Store’s reader rule, Spotify can also include a link in their app to a webpage where users can create or manage an account.

We introduced the reader rule years ago in response to feedback from developers like Spotify. And a lot of reader apps use that option to link users to a webpage — from e-readers to video streaming services. Spotify could too — but they’ve chosen not to.

Instead, Spotify wants to bend the rules in their favor by embedding subscription prices in their app without using the App Store’s In-App Purchase system. They want to use Apple’s tools and technologies, distribute on the App Store, and benefit from the trust we’ve built with users — and to pay Apple nothing for it.

In short, Spotify wants more.

Spotify’s Coordination with the European Commission

In 2015, Spotify started working with the European Commission on an investigation with little grounding in reality. They claimed the digital music market had stalled, and that Apple was holding competitors back. Unfortunately for their case, Spotify continued to grow — and thanks in part to the App Store, eclipsed every other digital music business in the world.

Over the next eight years, and more than 65 meetings with Spotify, the European Commission has tried to build three different cases. With every pivot, they’ve narrowed the scope of their claims — but each theory has had a couple of features in common:

• No evidence of consumer harm: European consumers have more choices than ever in a digital music market that’s grown exponentially. In just eight years, it’s gone from 25 million subscribers to almost 160 million — with more than 300 million active listeners — and Spotify has been the biggest winner.

• No evidence of anti-competitive behavior: Eight years of investigations have never yielded a viable theory explaining how Apple has thwarted competition in a market that is so clearly thriving.

The European Commission is issuing this decision just before their new regulation — the Digital Markets Act (DMA) — comes into force. Apple is set to comply with the DMA in days, and our plans include changes to the rules challenged here. What’s clear is that this decision is not grounded in existing competition law. It’s an effort by the Commission to enforce the DMA before the DMA becomes law.

The reality is that European consumers have more choices than ever. Ironically, in the name of competition, today’s decision just cements the dominant position of a successful European company that is the digital music market’s runaway leader.

What’s Next?

Apple has been a part of Europe for over 40 years, and today, we support more than 2.5 million jobs across the continent. We’ve helped markets thrive, promoting competition and innovation at every turn — and the App Store is an important part of that story. So while we respect the European Commission, the facts simply don’t support this decision. And as a result, Apple will appeal.

The digital music market is a great example of the app economy at work. After all, over the App Store’s 15 years, a simple phrase — there’s an app for that — has become a universal truth. And today, behind every app is a wildly successful company or an aspiring entrepreneur chasing a dream.

Every day, teams at Apple work to keep that dream alive. We do it by making the App Store the safest and best experience for our users. We do it by giving developers the means to make incredible apps. Most of all, we do it because apps have an incredible capacity to drive innovations that empower people and enrich their lives.

MacDailyNews Take: As we wrote on March 4, 2024:

The European Union arose because the Europeans couldn’t compete on their own with the rest of the world, so they each lined up to surrender their national sovereignty, unique cultures, and dignity for an undemocratic, opaque, wasteful, bloated, bureaucratic quasi-governmental blob – and, even with the EU’s thumbs all over the scale, they still can’t compete.

MacDailyNews Note: Spotify does pay Apple something: $99 per year, the same as every other developer with an app in Apple’s App Store.

Related

EU hits Apple with $2 billion antitrust fine
Monday, March 4, 2024
In "News"

EU court fines Google $4.13 billion for using Android to thwart rivals
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Google, fighting record $5.1 billion EU fine, slams regulators for ignoring Apple
Monday, September 27, 2021
In "News"

https://macdailynews.com/2024/05/21/apple-challenges-e1-8-billion-eu-antitrust-fine/

[Investors3]

Apple and Île-de-France Mobilités introduce Navigo card for iPhone and Apple Watch
May 21 2024 - 11:30AM
Business Wire

Customers can add a Navigo card to Apple Wallet and simply tap their iPhone or Apple Watch to ride the metro, train, bus, and more in the Paris region

Apple® and Île-de-France Mobilités today introduced an easy, secure, and private way for customers to add a new Navigo card to Apple Wallet® and purchase passes to ride transit in the Paris region. Riders can buy passes from the Île-de-France Mobilités iOS app or directly from Apple Wallet, and use an iPhone® or Apple Watch® to tap and ride. Additionally, beginning this week, real-time transit information in Apple Maps is available in Paris to help users navigate their travels throughout the city.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240521622614/en/

“In the lead-up to what will surely be an amazing summer for the Paris region, we’re thrilled to bring Navigo cards to Apple Wallet and provide Parisians and visitors with an incredibly convenient and secure way to ride transit in Paris and explore the city,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. “Users will love the safety, security, and seamlessness of purchasing passes and riding with a Navigo card in Apple Wallet on iPhone and Apple Watch.”

Add a New Navigo Card to Apple Wallet and Buy a Transit Pass

Starting today, users can quickly and easily add a new Navigo card to Wallet by opening the Wallet app, tapping the Add (+) button, selecting “Transit Card,” and following the instructions. With a Navigo card in Apple Wallet, users no longer need to visit a ticket vending machine or reload a Navigo card at retailers, as they can purchase any pass from the Île-de-France Mobilités iOS app or select passes in Apple Wallet. Riders can purchase t+, t+ reduced price, OrlyBus, RoissyBus tickets, and Navigo Day passes in Apple Wallet by selecting their Navigo card of choice, tapping the More (…) button, and selecting “Buy Passes.”

Tap to Ride with Navigo Card in Apple Wallet

Navigo cards in Apple Wallet allow for an easy and convenient commuting experience. Users can easily select their Navigo card from Apple Wallet and double-click the side button, or if they have Express Mode enabled, a user can simply hold their iPhone or Apple Watch near a reader to ride transit in Paris without having to unlock or wake up their device.1 With power reserve on iPhone, if a customer’s device needs to be charged, they can still use it to ride transit.2

Security and Privacy

Navigo cards in Apple Wallet take full advantage of the privacy and security built into iPhone and Apple Watch. Navigo cards stored in Apple Wallet are private and secure, and Apple never tracks users’ journeys. When customers add a Navigo card to Apple Wallet, the card information is encrypted and securely stored in the Secure Element, an industry-standard, certified chip designed to store the information safely on the device. If a user’s iPhone or Apple Watch is misplaced, the owner of the device can promptly use the Find My® app to lock and help locate the device.

Real-Time Transit Updates in Apple Maps

Also beginning this week, real-time transit information is available in Apple Maps for the Paris metro, RER, Paris tramway, RATP buses, and more. With real-time transit in Maps, users in Paris can see detailed schedules, live departure and arrival times, and system connections to help plan a journey. Apple Maps will now also offer users in Paris important real-time transit information such as outages and delays.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

1 Express Mode requires iPhone XR or later, or Apple Watch Series 6 or later. Only one Navigo card can be enabled with Express Mode at a time. Additional cards must be manually selected.

2 Power reserve is available on iPhone XR or later. Express Mode becomes unavailable when the device is powered off.

NOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com/newsroom), or email Apple’s Media Helpline at [e-mail].

© 2024 Apple Inc. All rights reserved. Apple, the Apple logo, Apple Wallet, iPhone, Apple Watch, and Find My are trademarks of Apple. Other company and product names may be trademarks of their respective owners.



View source version on businesswire.com: https://www.businesswire.com/news/home/20240521622614/en/

Heather Norton
Apple
[e-mail]

Kimberly Mai
Apple
[e-mail]

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93899105/apple-and-ile-de-france-mobilites-introduce-navigo

[Spuds McKenz66]

they wont be buying at 192/3 maybe start buying at 145/50 APPL

[DiscoverGold]

$AAPL leads the way with the largest stock buybacks in history
By: Markets & Mayhem | May 21, 2024

• $AAPL leads the way with the largest stock buybacks in history.



Read Full Story »»»

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[DiscoverGold]

Options Traders Stay Ahead of Apple (AAPL) Buzz
By: Schaeffer's Investment Research | May 20, 2024

• Apple is implementing an aggressive discount strategy in China

• Options volume was higher than usual over the last 10 days

Shares of Apple Inc (NASDAQ:AAPL) are 0.7% higher, last seen trading at $191.28, after Reuters reported on the company's new strategy in China. According to the report, the tech giant is combatting competition from China-based Huawei by offering aggressive discounts on its official Tmall site in the country, with 2,300 yuan, or $318, off on some iPhone models.

While options traders have yet to respond to the news, Apple stock already boasts a spot on Schaeffer's Senior Quantitative Analyst Rocky White's list of names that attracted the most weekly options volume in the last two weeks. Coming in third place, AAPL saw more than 5.7 million calls and 3.1 million puts exchanged over the last 10 days, the favorite being the weekly 5/10 185-strike call.



When looking further back, this penchant for bullish bets is nothing new. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Apple stock sports a 50-day call/put volume ratio of 2.00 that ranks in the 86th percentile of its annual range.

Premium traders are in luck, as AAPL sports affordably priced premiums at the moment. The stock's Schaeffer's Volatility Index (SVI) of 17% sits in the 9th percentile of its annual range, indicating options players are pricing in low volatility expectations for the equity.

On the charts, Apple stock is extending a bull gap that followed a Wall Street Journal report that the company is developing artificial intelligence (AI) chips for Data Centers. A floor at the $189 level remains in place, helping the shares trade at their highest level since February, though they're just below their year-to-date breakeven mark. Longer-term, AAPL sports a 9.2% year-over-year lead.



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[DiscoverGold]

Apple pulling into heatmap resistance with daily RSI also running hot
By: TrendSpider | May 18, 2024

• Apple pulling into heatmap resistance with daily RSI also running hot. $AAPL



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[Investors3]

Apple announces new accessibility features, including Eye Tracking, Music Haptics, and Vocal Shortcuts
Wednesday, May 15, 2024 11:01 am
No Comments

Apple today announced new accessibility features coming later this year, including Eye Tracking, a way for users with physical disabilities to control iPad or iPhone with their eyes. Additionally, Music Haptics will offer a new way for users who are deaf or hard of hearing to experience music using the Taptic Engine in iPhone; Vocal Shortcuts will allow users to perform tasks by making a custom sound; Vehicle Motion Cues can help reduce motion sickness when using iPhone or iPad in a moving vehicle; and more accessibility features will come to visionOS. These features combine the power of Apple hardware and software, harnessing Apple silicon, artificial intelligence, and machine learning to further Apple’s decades-long commitment to designing products for everyone.

“We believe deeply in the transformative power of innovation to enrich lives,” said Tim Cook, Apple’s CEO, in a statement “That’s why for nearly 40 years, Apple has championed inclusive design by embedding accessibility at the core of our hardware and software. We’re continuously pushing the boundaries of technology, and these new features reflect our long-standing commitment to delivering the best possible experience to all of our users.”

“Each year, we break new ground when it comes to accessibility,” said Sarah Herrlinger, Apple’s senior director of Global Accessibility Policy and Initiatives, in a statement. “These new features will make an impact in the lives of a wide range of users, providing new ways to communicate, control their devices, and move through the world.”..

https://macdailynews.com/2024/05/15/apple-announces-new-accessibility-features-including-eye-tracking-music-haptics-and-vocal-shortcuts/

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Apple $AAPL has been a carbon copy of the move off the October 2023 lows thus far...
By: TrendSpider | May 16, 2024

• Apple has been a carbon copy of the move off the October 2023 lows thus far...

If this tracks, we'll be back at ATHs by June.



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The $AAPL chart is a bullish chart. Let me elaborate. The recent price gap above the 200-day MA, and then the fantastic follow-through to the upside, suggests a retest of ATH around 198
By: David Keller | May 16, 2024

• The $AAPL chart is a bullish chart. Let me elaborate. The recent price gap above the 200-day MA, and then the fantastic follow-through to the upside, suggests a retest of ATH around 198. Will $AAPL have enough upside momentum to power above 200?



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[J.Lummouxx]

So far the list is rubbish

[Canna_Business]

Apple's Vision: Blurred Profits in the Face of CPI Challenges...

"Apple's trajectory has been a subject of concern for investors. The company faces a confluence of challenges, notably with the release of the Apple Vision, an expensive venture that has yet to yield substantial profits. The current economic climate, as reflected in the Consumer Price Index (CPI) data, poses additional hurdles for the tech company. Rising inflation can squeeze consumers' budgets, making luxury items like the Apple Vision a tough sell. Moreover, the product's integration into everyday life raises safety concerns, particularly regarding traffic and spatial awareness, potentially leading to legal repercussions. These issues not only dampen the outlook for Apple's earnings but also cast a shadow over its reputation for innovation and reliability. In such uncertain times, investors must weigh the risks carefully. Holding onto Apple stock amidst these challenges may expose portfolios to unnecessary volatility and downside. It's crucial to recognize the warning signs and consider alternative investment strategies that offer more stable prospects in the current market climate."

https://tradingeconomics.com/calendar

[Investors3]

Apple Music celebrates the greatest records ever made with the launch of inaugural 100 Best Albums list
May 13 2024 - 9:00AM
Business Wire

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93835136/apple-music-celebrates-the-greatest-records-ever-m

[Investors3]

Novavax Surges 57% Post $1.4 Billion Sanofi Deal; Apple Boosts Data Centers with AI and Internal Chips, and More News
May 10 2024 - 8:02AM
IH Market News

Novavax (NASDAQ:NVAX), Sanofi (NASDAQ:SNY) – Novavax closed a $1.4 billion deal with Sanofi to commercialize its Covid-19 vaccine and develop a new combined vaccine against coronavirus and influenza, boosting NVAX shares by 56.70% in pre-market. The deal led Novavax to suspend its continuity warning, reversing its previous financial decline.

Apple (NASDAQ:AAPL) – Apple plans to launch artificial intelligence features through its own data centers powered by internal chips later this year, according to Bloomberg News. The chips, similar to those in Macs, will be used to process advanced AI tasks in the cloud, while simpler tasks will be handled on devices. Additionally, Apple apologized after criticism of its new iPad Pro ad, which depicted musical instruments and creative symbols being destroyed. The company stated that its goal is to celebrate user expression. The ad, titled “Crush,” received online backlash for its insensitivity.

Microsoft (NASDAQ:MSFT) – Microsoft will launch its own mobile gaming store in July, offering an alternative to Apple and Google’s app stores and their fees. The web-based store will initially feature Microsoft games, such as Candy Crush Saga, with discounts on in-game items. Xbox president Sarah Bond announced the change during the Bloomberg Technology Summit. The store will later open to other publishers. Bond emphasized the store’s accessibility on all devices and countries, independent of app store policies. Microsoft aims to create a store that transcends ecosystems, allowing a consistent gaming experience across consoles, PCs, and mobile devices.

Alphabet (NASDAQ:GOOGL) – OpenAI plans to launch its AI-based search product on Monday. The product is an extension of ChatGPT and allows for extracting information from the web, competing with Perplexity, an AI startup, and intensifying competition with Google.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) – TSMC’s sales in April surged 60% to $7.3 billion (NT$236 billion), driven by demand for artificial intelligence and a recovery in consumer electronics products. The company exceeded revenue growth estimates, strengthening its position as a global leader in contracted chips.

Baidu (NASDAQ:BIDU) – Baidu’s head of media relations, Qu Jing, resigned after videos endorsing the “996” work culture, dismissing team well-being. His comments sparked debate in China about the excessive demands of the tech industry. Qu later apologized. “996” is a term representing a common work practice in some tech companies in China, where employees are expected to work from 9 am to 9 pm, six days a week, totaling 72 hours of work per week.

Reddit (NYSE:RDDT) – CEO Steve Huffman announced at the Bloomberg Technology Summit that Reddit plans to introduce new products in the coming months, aiming to expand its revenue sources beyond advertising. The company is considering expanding its “user economy” and launching new versions of digital gifts. Additionally, it aims to close data licensing deals and explore international expansion and possible acquisitions.

Snap Inc. (NYSE:SNAP) – Snap’s CEO Evan Spiegel expressed the company’s commitment to ensuring user safety, especially for children, during the Bloomberg Technology Summit. He emphasized Snapchat’s focus on personal connections, advocating for shared responsibility among parents, companies, and online platforms.

Spotify (NYSE:SPOT) – Julie McNamara, head of Spotify Technology SA’s podcast studios, will leave the company after nearly three years, as announced in a memo to the staff on Thursday. Her departure highlights Spotify’s scaled-back ambitions in the podcast space, with McNamara returning to her creative roots.

T-Mobile (NASDAQ:TMUS), Verizon Communications (NYSE:VZ), United States Cellular (NYSE:USM) – T-Mobile and Verizon are in talks to acquire parts of United States Cellular in separate transactions, as reported by the Wall Street Journal. US Cellular shares increased by 8.6% on Thursday. T-Mobile is close to closing a deal for more than $2 billion to acquire a portion, taking over some operations and wireless spectrum licenses, while Verizon’s negotiations may be more prolonged and may not lead to a deal.

Vodafone (NASDAQ:VOD) – Next week will reveal how cost cuts and capital spending will shape the profit growth and cash flow for BT Group Plc, Deutsche Telekom AG, and Vodafone Plc. The carriers have set an optimistic baseline, forecasting a strong increase in free cash flow for Deutsche Telekom and Vodafone, while BT seeks to justify its expansion strategy.

Rio Tinto (NYSE:RIO) – Rio Tinto considered an offer for Anglo American, now under BHP’s control, with an acquisition target of $39 billion. BHP has until May 22 to make a formal offer.

Exxon Mobil (NYSE:XOM) – Calpers, the leading US public pension plan, is considering voting against the re-election of ExxonMobil’s CEO Darren Woods, due to shareholder discontent over a lawsuit against climate-focused investors.

BP plc (NYSE:BP) – BP’s electric charging unit is looking to expand in the United States following the disbandment of Tesla’s EV charging team. BP prioritizes the Northeast, Sun Belt, West Coast, and Great Lakes.

Tesla (NASDAQ:TSLA) – Tesla’s CEO Elon Musk praised the expansion plans for the Supercharger network after laying off nearly 500 employees responsible for the business. The company will invest “much more” than $500 million this year in expansion, a surprising move following its recent restructuring in the charging division. In other matters, Tesla was accused by a US labor agency of discouraging unionization at its Buffalo, New York factory by banning the use of personal devices. These allegations add to previous legal disputes over labor practices and racial discrimination. Additionally, a federal judge expressed on Thursday his inclination to compel Elon Musk to testify again in the SEC’s investigation into his $44 billion purchase of Twitter.

Zeekr Intelligent Technology – The Chinese electric vehicle manufacturer priced its US IPO at the top of the indicated range, raising $441 million. The IPO values the company at about $5.5 billion fully diluted. Strategic investors, including parent company Geely Automobile, purchased significant shares. Interest in the IPO comes amid fierce competition in China’s electric vehicle market.

Ford Motor (NYSE:F) – Ford is considering offering gasoline and hybrid vehicles beyond 2030 in Europe, contrary to its earlier plan for a fully electric lineup. The change is due to the slowdown in electric vehicle adoption in the region and the increased demand for hybrids. The company stated that it is closely monitoring the situation and will adapt as necessary. Additionally, the US National Highway Traffic Safety Administration (NHTSA) expressed “significant safety concerns” regarding the recall of over 42,000 Ford Motor SUVs due to fuel leaks that could cause engine fires. Ford proposed a software update and the installation of drains, but the NHTSA questions the effectiveness.

Boeing (NYSE:BA) – The US Securities and Exchange Commission is investigating claims made against Boeing Co. about air safety following a panel explosion on a 737 MAX flight. The investigation aims to determine if there was deception to investors.

Target (NYSE:TGT) – Target is planning to reduce the offering of LGBTQ+-themed products in some of its stores during Pride Month in June, following criticism last year. The full line will be available online, and the decision on physical presence will depend on store data analysis. The company will maintain support for Pride events, offering a selected collection of products in some stores and online.

Western Union (NYSE:WU) – Western Union announced the resumption of its remittance service from the US to Cuba after a three-month hiatus, restoring a vital connection for Cubans and their families in the US. Remittances are crucial to address the economic crisis exacerbated by sanctions and the pandemic.

UBS Group AG (NYSE:UBS) – UBS is exploring an incentive system for investment bankers who refer clients to the wealth management business. CEO Sergio Ermotti seeks to expand the bank’s invested assets following the acquisition of Credit Suisse, aiming for continued growth in the wealth management market.

Bain Capital (NYSE:BCSF) – Bain Capital is investing $250 million in Sikich, a Chicago-based business services company. This is the first external investment in Sikich, founded in 1982. CEO Christopher Geier views Bain’s involvement as crucial for the next stage of development.

Sony (NYSE:SONY), Blackstone (NYSE:BX), KKR (NYSE:KKR) – Sony and other interested parties, including Blackstone and KKR, plan to acquire Infocom Corp (USOTC:IFFOF) in a deal worth up to 200 billion yen. Teijin Ltd, the parent company of Infocom, is looking to sell its 55% stake, with a second round of bidding scheduled for May.

https://ih.advfn.com/stock-market/NASDAQ/apple-AAPL/stock-news/93824929/novavax-surges-57-post-1-4-billion-sanofi-deal

[DiscoverGold]

Looking at Apple's market position, the Relative Strength Index can't be ignored
By: David Keller | May 9, 2024

• Looking at Apple's market position, the Relative Strength Index can't be ignored. An RSI break over 60 suggests bullish drive—a signal that the stock is entering a rally phase. It's essential to watch this indicator, it offers clues about the market dynamics behind Apple #$AAPL



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