Home security cameras and a standalone smart display are also coming, the report says.
Joe Terranova, senior managing director for Virtus Investment Partners, joins CNBC's "Halftime Report" to explain why he's buying more Apple.
The Russell 2000 rallied while the Magnificent 7 fell. Investors rotated to small stocks, turning away from the megacap technology stocks that have led the market in recent years.
Apple has rejected Elon Musk's accusations that its App Store is biased against AI apps that compete with OpenAI.
Apple's Q3 showed revenue growth, mainly from iPhone sales, but this was off a weak prior-year comparison and margins are declining. Margins are under pressure due to rising R&D and SG&A costs, with financial engineering masking underlying net margin weakness. Aggressive share buybacks are artificially supporting EPS and share price, but this is not a sustainable way to deliver shareholder value.
July saw strong market gains, especially in tech, but finding bargains is tough as indices approach all-time highs. I focused July investments on high-yield BDCs like OBDC, MFIC, and BXSL, maintaining a 7.9% yield on cost. Dividend income hit a July record, up 22% year-over-year, with BDCs set to play an even bigger role in the coming months.
In just the last few days, Nvidia and AMD agreed to pay 15% of revenues from chip sales to China to the U.S. government. Apple CEO Tim Cook, meanwhile, recently announced plans to increase the firm's U.S. investment to $600 billion over the next four years.
An Australian court has found Apple and Google misused their market power in a dispute with the maker of wildly popular video game Fortnite.
The 2025 Q2 earnings cycle continues to wind down, with the vast majority of S&P 500 companies already delivering results. The period has been one of resilience, with overall growth remaining strong alongside positive revisions for the upcoming Q3 cycle.
The billionaire said in posts on X that the consumer tech giant was violating antitrust laws by giving preferential treatment to OpenAI on the App Store.
He added that X and his Grok AI chatbot are excluded from the App Store's “Must Have” list when the apps rank as #1 in news and #5 overall, respectively – asking if Apple is “playing politics.”
AAPL's fiscal Q3 surge, fueled by Apple Intelligence growth and a $600B U.S. investment plan, offsets tariff headwinds.