Chinese startup DeepSeek's AI Assistant on Monday overtook rival ChatGPT to become the top-rated free application available on Apple's App Store in the United States.
Apple Inc. AAPL reportedly continues to explore AirPods with tiny infrared cameras. What Happened: In his latest "Power On" newsletter, Bloomberg columnist Mark Gurman fleetingly mentioned camera-equipped AirPods while reporting about Cupertino's wearables development. While he did not dwell on the use cases of the camera, it clearly indicated that the development is still on the cards. According to previous reports, these tiny infrared cameras are expected to deliver an enhanced spatial audio experience, especially in combination with Vision Pro headset. See Also: Jeff Bezos-Backed Perplexity Revises TikTok Merger Deal, Proposes Giving US Government 50% Stake: Report Reports also indicated that the cameras would allow users to leverage sound sources based on head movements while watching videos with the headset. Moreover, they could enable “in-air gesture control,” allowing users to interact with devices through hand movements. Mass production of these AirPods will reportedly begin by 2026 with a potential release in 2026 or 2027. Apple has yet to confirm any such plan. Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. Why It Matters: The AirPods lineup is a critical component of Apple's wearables, home, and accessories category. It generated $9.04 billion in revenue during the fiscal fourth quarter of 2024 which represents a slight decline from $9.32 billion in the same period in 2023. Apple continues to maintain its leadership in the true wireless stereo (TWS) market, holding a 17% market share as of the third quarter of 2024. However, this represents a sharp decline from 48.1% in 2019, according to Statista. Price Action: Apple stock declined 0.39% on Friday, closing at $222.78, and fell an additional 0.27% in after-hours trading, according to Benzinga Pro data. Check out more of Benzinga's Consumer Tech coverage by following this link.
The Federal Reserve is expected to keep interest rates on hold on Wednesday. Plus, earnings reports from Apple, General Motors, Starbucks, Microsoft, Tesla, and Exxon Mobil.
There are many ways to get rich on Wall Street, but none seem as reliable as the strategies employed by Warren Buffett. The legendary investor took control of Berkshire Hathaway (BRK.A 0.75%) (BRK.B 0.73%) in 1965.
MEAG Munich Ergo, a Munich Re company, slashed stakes in Philip Morris, Apple, and PayPal, and bought Lululemon stock in the fourth quarter.
Apple's iPhone 16 sales are underwhelming, leading to an 8.64% YTD decline and concerns about long-term innovation and competition, especially in China. Apple's AI features are not compelling enough, with issues in functionality and availability, particularly in China, a critical market. Analysts are pessimistic about Apple's upcoming earnings, with numerous downward EPS and revenue revisions, suggesting potential revenue declines.
In a rare move, analysts at Jefferies downgraded one of the largest companies in the world, Apple (AAPL -0.39%), to underperform. Wall Street analysts are known for being bullish, so underperform and sell ratings tend to make up only a small percentage of overall analyst ratings.
Apple's upcoming earnings report is highly anticipated, especially with the stock down 15% in the past month, reflecting broader market trends. Despite Apple's profitability and wide moat, I am less concerned about the earnings due to my strategic use of option collars. I employ a "dog collar" strategy to limit downside risk while maintaining upside potential, ensuring a favorable risk-reward ratio.
The late Senator Everett Dirksen once reportedly said, "A billion here, a billion there, and pretty soon you're talking about real money." With that quote in mind, Warren Buffett's dividend income this year will be real money.
Steven Cohen runs Point72 Asset Management, a hedge fund that has earned $38 billion in profits since its inception in 1992. That makes him the 12th-most successful hedge fund manager in history, according to LCH Investments.
Apple reportedly moved Kim Vorrath, a vice president in charge of program management who is known for fixing troubled projects, to the company's artificial intelligence and machine learning division to work on AI and Siri.
Apple Inc.'s stock has had a rough start to the year and is now flirting with a key level that could signal more downside ahead if breached. The stock has slumped 11% in 2025 through Thursday's close, making it by far the worst performer in the Magnificent Seven group.