Apple Inc. (AAPL)
Is Apple Stock A Buy Ahead Of iPhone 15 Introduction?
Apple has been an American success story several times over with the Mac, iPod, iPhone and other inventions. But is Apple stock a buy now?
Apple slashes iPhone prices in China amid fierce Huawei competition
Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models.
Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING, May 20 (Reuters) - Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discounting comes as the U.S. tech giant seeks to defend its position in the high-end smartphone market, where it faces increasing competition from local rivals such as Huawei . Running from May 20 to May 28, it is more substantial than the one Apple offered in February. While the highest discount in the February campaign was 1,150 yuan, this time discounts are up to 2,300 yuan. The steepest discount applies to the 1TB iPhone 15 Pro Max model, while other models also see significant price cuts. For instance, the 128 GB version of the base iPhone 15 model has a discount of 1,400 yuan, according to Reuters' checks on Monday. The increased competitive pressure on Apple comes after Huawei last month introduced its new series of high-end smartphones, the Pura 70, following the launch of the Mate 60 last August. Apple's previous discounting effort in February appears to have helped the company mitigate a sales slowdown in China. Apple's shipments in China increased by 12% in March, according to Reuters' calculations based on data from the China Academy of Information and Communications Technology (CAICT). This marks a significant improvement from the first two months of 2024, when the company experienced a 37% slump in sales. ($1 = 7.2319 Chinese yuan renminbi) (Reporting by Liam Mo and Casey Hall; Editing by Emelia Sithole-Matarise)
Institute for Wealth Management LLC. Sells 2,830 Shares of Apple Inc. (NASDAQ:AAPL)
Institute for Wealth Management LLC. cut its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,660 shares of the iPhone maker’s stock after selling 2,830 shares during the period. Apple makes up about 3.8% of Institute for Wealth Management LLC.’s holdings, making the stock its 2nd largest holding. Institute for Wealth Management LLC.’s holdings in Apple were worth $23,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds and other institutional investors have also recently made changes to their positions in AAPL. Wyrmwood Management LLC lifted its holdings in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC lifted its stake in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. PayPay Securities Corp increased its position in shares of Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after purchasing an additional 210 shares during the last quarter. Cordant Inc. raised its holdings in Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after buying an additional 140 shares during the period. Finally, Friedenthal Financial purchased a new position in Apple during the fourth quarter worth about $111,000. Institutional investors and hedge funds own 60.41% of the company’s stock. Wall Street Analyst Weigh In A number of research firms recently weighed in on AAPL. Robert W. Baird increased their price objective on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. UBS Group reaffirmed a “hold” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. JPMorgan Chase & Co. increased their target price on Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. The Goldman Sachs Group boosted their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Loop Capital lowered their price objective on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.71. Check Out Our Latest Stock Report on Apple Insider Activity at Apple In other news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apple news, insider Chris Kondo sold 4,999 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $190.40, for a total transaction of $951,809.60. Following the transaction, the insider now owns 29,278 shares in the company, valued at $5,574,531.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 371,270 shares of company stock worth $64,605,696. 0.06% of the stock is owned by insiders. Apple Stock Performance Apple stock opened at $189.87 on Monday. The stock has a fifty day moving average price of $174.13 and a 200 day moving average price of $182.67. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $199.62. The firm has a market capitalization of $2.91 trillion, a P/E ratio of 29.53, a PEG ratio of 2.28 and a beta of 1.26. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 1.24. Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.02. Apple had a net margin of 26.31% and a return on equity of 148.33%. The business had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. During the same period last year, the company earned $1.52 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 6.57 earnings per share for the current year. Apple Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a $0.25 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, May 10th. Apple’s dividend payout ratio (DPR) is 15.55%. Apple announced that its board has initiated a stock repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued. About Apple (Free Report) Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Resonant Capital Advisors LLC Sells 1,503 Shares of Apple Inc. (NASDAQ:AAPL)
Resonant Capital Advisors LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,845 shares of the iPhone maker’s stock after selling 1,503 shares during the quarter. Apple makes up approximately 1.3% of Resonant Capital Advisors LLC’s holdings, making the stock its 18th largest position. Resonant Capital Advisors LLC’s holdings in Apple were worth $13,832,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Headinvest LLC grew its stake in Apple by 1.7% in the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after purchasing an additional 872 shares during the period. Sound Income Strategies LLC grew its position in shares of Apple by 16.1% in the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock worth $14,461,000 after buying an additional 10,425 shares during the period. DNB Asset Management AS increased its stake in shares of Apple by 6.9% in the 4th quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after acquiring an additional 279,311 shares in the last quarter. Boltwood Capital Management lifted its position in Apple by 2.8% during the 4th quarter. Boltwood Capital Management now owns 37,178 shares of the iPhone maker’s stock valued at $7,158,000 after acquiring an additional 1,021 shares during the period. Finally, NewEdge Wealth LLC boosted its stake in Apple by 16.2% during the fourth quarter. NewEdge Wealth LLC now owns 808,709 shares of the iPhone maker’s stock worth $155,701,000 after acquiring an additional 112,980 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts have weighed in on AAPL shares. Itau BBA Securities raised shares of Apple from an “underperform” rating to a “market perform” rating and raised their target price for the company from $162.00 to $188.00 in a research note on Friday, May 3rd. Morgan Stanley lifted their price objective on Apple from $210.00 to $216.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. UBS Group reissued a “hold” rating and issued a $190.00 target price on shares of Apple in a research note on Monday, March 25th. Barclays lifted their price target on Apple from $158.00 to $164.00 and gave the stock an “underweight” rating in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $204.71. Get Our Latest Stock Report on AAPL Apple Stock Up 0.0 % NASDAQ AAPL opened at $189.87 on Monday. The stock’s 50-day moving average price is $174.13 and its 200-day moving average price is $182.67. The company has a market capitalization of $2.91 trillion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.26. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $199.62. Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. The business had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. On average, equities research analysts predict that Apple Inc. will post 6.57 earnings per share for the current year. Apple Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 0.53%. This is an increase from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio is currently 15.55%. Apple declared that its Board of Directors has approved a share repurchase plan on Thursday, May 2nd that permits the company to buyback $110.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 3.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued. Insiders Place Their Bets In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,999 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the transaction, the insider now directly owns 29,278 shares of the company’s stock, valued at $5,574,531.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 371,270 shares of company stock worth $64,605,696. Corporate insiders own 0.06% of the company’s stock. About Apple (Free Report) Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Apple Inc. (NASDAQ:AAPL) is Martin Capital Advisors LLP’s Largest Position
Martin Capital Advisors LLP lessened its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 143,532 shares of the iPhone maker’s stock after selling 4,036 shares during the quarter. Apple makes up about 23.3% of Martin Capital Advisors LLP’s investment portfolio, making the stock its largest position. Martin Capital Advisors LLP’s holdings in Apple were worth $27,634,000 as of its most recent filing with the SEC. Other hedge funds have also recently modified their holdings of the company. RMR Wealth Builders increased its holdings in shares of Apple by 8.2% in the third quarter. RMR Wealth Builders now owns 114,057 shares of the iPhone maker’s stock worth $19,528,000 after purchasing an additional 8,662 shares during the last quarter. Suncoast Equity Management grew its holdings in Apple by 1.4% during the 3rd quarter. Suncoast Equity Management now owns 294,824 shares of the iPhone maker’s stock valued at $50,477,000 after buying an additional 4,143 shares in the last quarter. Sweet Financial Partners LLC grew its holdings in Apple by 0.6% during the 3rd quarter. Sweet Financial Partners LLC now owns 33,252 shares of the iPhone maker’s stock valued at $5,693,000 after buying an additional 211 shares in the last quarter. Deltec Asset Management LLC increased its stake in Apple by 7.7% in the 3rd quarter. Deltec Asset Management LLC now owns 25,402 shares of the iPhone maker’s stock worth $4,349,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Accurate Wealth Management LLC raised its holdings in shares of Apple by 8.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 88,140 shares of the iPhone maker’s stock worth $15,611,000 after acquiring an additional 6,526 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock. Insider Buying and Selling at Apple In other Apple news, insider Chris Kondo sold 4,999 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total transaction of $951,809.60. Following the completion of the sale, the insider now directly owns 29,278 shares of the company’s stock, valued at $5,574,531.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,999 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total value of $951,809.60. Following the sale, the insider now owns 29,278 shares of the company’s stock, valued at approximately $5,574,531.20. The disclosure for this sale can be found here. Insiders have sold 371,270 shares of company stock worth $64,605,696 over the last quarter. Insiders own 0.06% of the company’s stock. Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on AAPL shares. UBS Group reissued a “hold” rating and issued a $190.00 target price on shares of Apple in a report on Monday, March 25th. Canaccord Genuity Group lifted their price objective on shares of Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of Apple in a research report on Friday, May 3rd. Robert W. Baird increased their price target on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Loop Capital reduced their price objective on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $204.71. View Our Latest Stock Analysis on AAPL Apple Price Performance Shares of AAPL opened at $189.87 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04. The company has a 50 day moving average price of $174.13 and a 200-day moving average price of $182.67. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $199.62. The stock has a market capitalization of $2.91 trillion, a PE ratio of 29.53, a PEG ratio of 2.28 and a beta of 1.26. Apple (NASDAQ:AAPL – Get Free Report) last posted its earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. The company had revenue of $90.75 billion during the quarter, compared to analyst estimates of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. Apple’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Equities analysts predict that Apple Inc. will post 6.57 earnings per share for the current fiscal year. Apple announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 2nd that allows the company to repurchase $110.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued. Apple Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. This is an increase from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio (DPR) is presently 15.55%. Apple Profile (Free Report) Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
iPhone 16 Pro Max May Get Battery Boost And Stainless Steel Upgrade, Says Top Apple Analyst
Apple Inc.’s AAPL iPhone 16 Pro Max is expected to feature a battery with increased energy density and a stainless steel housing, according to a new supply chain report. What Happened: According to Apple analyst Ming-Chi Kuo, the top-tier iPhone 16 Pro Max's battery will have a higher energy density than current models, potentially leading to a longer battery life. Apple could opt for a smaller battery size while maintaining the same battery life, resulting in weight savings. The report also indicates that Apple plans to replace the aluminum battery housing used in current iPhones with a stainless steel version. Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. However, the shift to stainless steel, which is less efficient at dissipating heat and heavier than aluminum, is seen as a surprising move. One possible explanation for this change is Apple’s desire to comply with the European Union’s (EU) pressure to make DIY battery replacement easier. See Also: Amid ‘Mass Exodus’ From OpenAI’s AI Safety Team, Insider Says ‘Trust Collapsing Bit By Bit’ In CEO Sam Altman Despite Kuo’s change in employment and the increase in speculative reports, this particular report is based on supply-chain information, albeit with some uncertainty. Why It Matters: The iPhone 16 series is expected to be released in September, featuring larger screens, a revamped design, and improved performance, among other upgrades. New rumors suggested that the iPhone 16 Pro and iPhone 16 Pro Max would come in new color variants, including ‘space black’ and ‘rose.’ This was seen as a nod to the color options of the iPhone 6s, released nine years ago. More recently, Kuo predicted that the iPhone 16 Pro models would introduce a new color option, ‘rose titanium,’ replacing the current ‘blue’ color option. Apple is also inching closer to a potential partnership with OpenAI sparking optimism about new AI features in its devices. Price Action: Apple's stock closed 0.02% up on Friday at $189.87, according to Benzinga Pro. Check out more of Benzinga’s Consumer Tech coverage by following this link.
Upgraded Apple AirTag With Advanced Chip And Superior Location Tracking Set for 2025 Launch, Says Mark Gurman
: In his latest weekly “Power On” newsletter, Bloomberg columnist revealed that the new AirTag, internally known as , is currently in the testing phase with Apple’s manufacturing partners in Asia. The device is expected to feature an upgraded chip for improved location tracking. “Personally, I'd like a louder speaker, better battery life and a version optimized for wallets,” Gurman said. Previously, tech analyst, also indicated a possible postponement in the mass production of AirTag 2 until 2025. Earlier Kuo also mentioned that AirTag will be integrated with the headset as a component of the spatial computing ecosystem. However, the specific workings of this integration are still unclear. In January 2024, it was reported that the decision to delay the launch of the next-generation AirTag to 2025 was because of an overstock of the first-generation product. : First introduced in April 2021, Apple’s AirTags have quickly gained widespread popularity as a tool designed to help users locate lost personal items such as luggage at airports, among other uses. However, over the years, worries have arisen regarding the misuse of AirTags for stalking. In October 2023, a class-action lawsuit was filed by victims alleging that the AirTag was being used as a “weapon of choice” by stalkers. Victims claim that the low cost of the device, priced at just $29, and the extensive prevalence of iPhones, make AirTags an appealing tool for stalkers. Despite Apple’s implementation of an alert system to notify individuals about being tracked by an unknown AirTag, victims contend that it fails to offer sufficient protection. Meanwhile, last week it was announced that Apple and Google are collaborating to prevent unwanted Bluetooth tracking. The announcement outlines operating system-level support for notifications regarding unwanted trackers, spanning both Apple and devices with and . Users will be alerted with an “Item Found Moving With You” notification if the system detects a Bluetooth device accompanying them over a period.
Apple's iPhone 16 Pro Models To Ditch Blue For Rose Titanium — Analyst Ming-Chi Kuo Predicts New Color Options
According to renowned analyst, AAPL could introduce a new color option for its upcoming smartphone lineup. : Kuo, an analyst at , on Sunday shared his latest prediction stating the color options for the upcoming lineup, set to be launched in the fall of 2024. According to Kuo, the and will retain the same color options as the current iPhone 15 lineup, except the pale yellow color, which will be replaced with “white.” For the and models, Kuo expects the “Natural Titanium,” “Black Titanium,” and “White Titanium” options to remain, with the exclusion of the current “Blue Titanium” option. This will be replaced by a new “Rose Titanium” selection. Kuo also said, “Apple may rename colors (e.g., previously called white as starlight). Also, even if the color name is the same as the existing model, it may look different.” Benzinga Tech Trends newsletter : Kuo’s prediction aligns with another rumor from March, which suggested that the iPhone 16 Pro lineup would feature new color variants, with the ‘Blue Titanium’ color being replaced with a new ‘rose’ shade. The ‘space black’ color, believed to be similar to the color of the iPhone 14 Pro, was also rumored to replace ‘Black Titanium.’ Meanwhile, the iPhone 16 series has been generating significant buzz ahead of its expected launch in September. It is anticipated to feature larger screens, a revamped design, and improved performance, among other upgrades. The iPhone 16 Pro models are also rumored to feature a new polished titanium finish, with a different finish for each color variant, possibly more polished and scratch-resistant than the current brushed titanium look of the iPhone 15 Pro.
Elon Musk Endorses This Apple Product As 'Great' — And, No It's Not iPhone Or Vision Pro
Tesla and SpaceX CEO Elon Musk has once again expressed his admiration for an Apple Inc. AAPL product, but it’s not the tech giant’s most successful product, the iPhone or its first-generation mixed-reality headset, the Vision Pro. What Happened: Over the weekend, Musk took to X, formerly Twitter, to praise Apple’s headphones. “The Apple headphones are great.” Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox. In the comment section, some users agreed with the tech billionaire but suggested that Apple AirPods come with a cord, others disagreed and hailed headphones by Bose Corporation as better products. One user also suggested that Tesla consider producing its line of headphones. Why It Matters: This is not the first time Musk has publicly acknowledged Apple’s products. Last year, in September, he expressed his intention to buy an iPhone 15 Pro Max. His vote of confidence came after Apple CEO Tim Cook shared images captured using the device by acclaimed photographers Stephen Wilkes and Reuben Wu. Earlier this year, Musk also indicated an interest in trying the Apple Vision Pro. He has previously criticized mixed reality technology agreeing with a parallel drawn between the headsets and television. Given Musk’s stature in the tech world, his endorsement has a certain significance. In 2022, his support for “Elden Ring” reportedly sparked an increase in both the game’s popularity and its sales. Check out more of Benzinga's Consumer Tech coverage by following this link.
From Artificial Intelligence (AI) to iPhones to China, This Chart Sums Up Apple's Declining Business
Apple stock is down slightly year to date. The company's latest earnings report highlighted its ongoing challenges.
Elon Musk launches Starlink satellite internet service in Indonesia, world's largest archipelago
Elon Musk traveled to Indonesia's resort island of Bali on Sunday to launch Starlink satellite internet service in the world's largest archipelago nation.
