Apple is reportedly preparing to launch a leasing program in partnership with Klarna. That's according to a report Tuesday (July 21) from Bloomberg News, which calls the Apple Upgrade service one of the largest-ever changes to how Apple sells its products.
Apple is reportedly teaming up with deferred payment processor Klarna to launch a new lease-to-own program for its devices.
Apple is launching a device leasing program called ‘Apple Upgrade' on July 28 in the US to boost sales, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
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Punters on the prediction platform Polymarket still expect Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) to end July as the world's most valuable company, even after a wobble that briefly cost it the crown. Traders put the chipmaker's chances at 70%, well ahead of Apple Inc (NASDAQ:AAPL, XETRA:APC) on 29%, with Alphabet Inc (NASDAQ:GOOG), Tesla Inc (NASDAQ:TSLA) and the rest of big tech trailing at less than 2% each.
Apple will report its Q3 on Thursday, July 30. Ahead of the release, shares are trading at new highs and at a forward multiple of just under 40x earnings. The company also just regained its throne as the world's largest from Nvidia.
I keep hitting the buy button on Apple (NASDAQ:AAPL | AAPL Price Prediction) because I have finally found a mega-cap AI story where I do not have to underwrite a $400 billion data center bill to believe in the upside.
Apple's federal trade secret lawsuit against OpenAI centers on allegations that the AI company stole confidential files.
Apple Inc (NASDAQ:AAPL, XETRA:APC) is expected to beat consensus estimates for its fiscal third quarter, according to Bank of America, even as the bank takes a more conservative view of iPhone seasonality tied to a staggered launch schedule. BofA said investor focus will center on component cost inflation, the durability of gross margins, and the transition following the end of Tim Cook's tenure as CEO.
Major indexes, off more losses on Friday, are all down month to date thus far.
I keep buying Apple (NASDAQ:AAPL | AAPL Price Prediction), and the more I read about what its Magnificent Seven peers are spending on AI, the harder my conviction gets.
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