Vornado Realty Trust gets a hold rating for my initial coverage, after its recent Q1 earnings results came out. Positive drivers of future upside potential include market demand for NYC space, portfolio and pipeline growth/diversification, and my share price 3 year target being positive. Weaker areas are low profit margins, high OpEx impacting operating income, a poor record of dividend growth, and high leverage risk.
The iPhone maker has an uncertain path ahead: shiny but less smart hardware or a smarter Siri that turbocharges everything.
Apple is “actively looking at” revamping its Safari web browser to concentrate on artificial intelligence (AI)-powered search engines and shift away from Google search, potentially creating a colossal shift in the mobile browser landscape. This disclosure was made by Apple's Senior Vice President of Services Eddy Cue during his testimony in the U.S.
During a U.S. antitrust trial, Apple (AAPL) executive Eddy Cue noted that the company is seeking to overhaul its Safari browser to use more A.I. It's a move that could break Apple's reliance on Alphabet's (GOOGL) Google search.
Shares of Google parent Alphabet tumbled Wednesday after its key partner Apple indicated Google's days of search engine dominance on Apple devices may be numbered, causing Google stock to limp toward one of its largest losses ever, the latest test for the company as generative artificial intelligence reshapes users' search habits.
Apple is set to pay $95 million to settle a class-action lawsuit based on Siri's privacy. The lawsuit accused Apple of obtaining private communications via Siri without user consent.
Apple is looking at adding AI search engines from OpenAI, Perplexity, and Anthropic into Safari, Bloomberg reported on Wednesday.
Alphabet stock sank after senior Apple executive signaled that the iPhone maker was looking at search engine alternatives for its Safari web browser.
Google has been worrying about losing search share to AI engines like ChatGPT for a couple of years. It looks like that's started to happen, an Apple executive testified in court.
Apple Inc. (NASDAQ: AAPL) has long held an attraction for its ergonomic approach toward computing and communications among students and tech-minded users.
Investors unfairly punished Apple's stock last week after the company announced it was reducing its buyback program to $100 billion from $110 billion.
Apple reported top and bottom line beats for its March ending quarter, but this was largely due to reduced estimates since the prior report. The iPhone has stalled despite new features, while Services are growing nicely but remain less than a third of the business. Apple lacks a "next big thing," with incremental updates and AI features expected to drive only mid-single digit yearly revenue growth.