JPMorgan Comments on Apple (AAPL) Changes to EU Services Monetization

Evercore ISI on Apple (AAPL) AppStore Impact: 'We think the aggregate impact of all of this is sub 1% to top/bottom line', 'Sticking with OP and $220 target'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "ALL YOU NEED TO KNOW: There has been a TON of questions on understanding the various parts of what is happening with... More

Apple: Analysts quantify the impact of new App Store regulation on finances

Apple (NASDAQ: AAPL) revealed yesterday modifications to iOS, Safari, and the App Store in response to the Digital Markets Act (DMA) in the European Union (EU).

To comply with the DMA, Apple is implementing over 600 new APIs, enhancing app analytics, providing functionality for alternative browser engines, and offering options for processing app payments and distributing iOS apps.

These changes are designed to... More

Apple to allow downloads outside App Store in EU, with new fees

By Stephen Nellis

(Reuters) -Apple on Thursday outlined its plans to allow software developers to distribute their apps to users in the European Union outside of Apple's own App Store.

The move is in response to a new EU law called the Digital Markets Act (DMA), which requires companies with more than 45 million monthly active users and a 75 billion-euro ($82 billion) market capitalization to, among other things, make their apps compatible with those of rivals and let users decide which apps to pre-install on their devices.

Starting in March, developers will be able to offer alternative... More

Apple (AAPL) Announces Policy Changes in the EU

Apple (NASDAQ: AAPL) today announced changes to iOS, Safari®, and the App Store® impacting developers apps in the European Union (EU) to comply with the Digital Markets Act (DMA). The changes include more than 600 new APIs, expanded app analytics, functionality for alternative browser engines, and options for processing app payments and distributing iOS apps. Across every change, Apple is introducing new safeguards that reduce but dont eliminate new risks the DMA poses to EU users. With these steps, Apple will continue to deliver the best, most secure experience possible for EU users.

The new... More

Midday movers: Tesla and Humana shares slump, IBM surges

(Updated - January 25, 2024 11:31 AM EST)

Investing.com -- Main U.S. indexes rose Thursday as investors digested a deluge of quarterly corporate earnings reports, while data showed the U.S. economy grew faster than economists had expected in the fourth quarter.

Here are some of the biggest U.S. stock movers today:

Tesla (NASDAQ: TSLA) stock fell 10% after CEO Elon Musk warned that the electric vehicle giant expects to see "notably lower" sales growth in 2024 versus the prior year, citing intensifying competition and stalling demand from cost-conscious... More

Apple (AAPL) stock slides as iPhone shipments in China drop 2% in Q4

(Updated - January 25, 2024 7:15 AM EST)

In the final quarter of 2023, Apple's (NASDAQ: AAPL) smartphone shipments in China declined by 2.1%, as per data from research firm IDC, citing increased competition from local rivals led by Huawei.

The decrease highlights the challenges Apple faces in its third-largest market, where... More

Goldman Sachs Previews Apple (AAPL) Earnings

Goldman Sachs analyst Michael Ng reiterated a Conviction Buy rating and $223.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "We expect AAPL to deliver relatively in-line results for F1Q24 with EPS of $2.10 (v. FactSet consensus of $2.10) and revenue of $117.4 bn (v. consensus of $118.1 bn). Services revenue should grow 11% yoy (including a ~7pp... More

Apple (AAPL) PT Lowered to $223 at Goldman Sachs

Goldman Sachs analyst Michael Ng lowered the price target on Apple (NASDAQ: AAPL) to $223.00 (from $227.00) while maintaining a Conviction Buy rating.... More

Apple's iPhone shipments in China drop 2% in Q4 as Huawei grows market share

By Yelin Mo and Brenda Goh

BEIJING (Reuters) -Apple's smartphone shipments in China shrank 2.1% in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei, data from research firm IDC showed on Thursday.

The drop underscores the challenges facing the U.S. firm in its third biggest market, as some Chinese companies and government agencies limit employees' use of Apple devices, a measure that mirrors U.S. government restrictions on Chinese apps on security grounds.

Huawei, whose smartphone... More

Apple (AAPL) Vision Pro the first step in a broader AI strategy for the iPhone maker - Wedbush

Wedbush analyst Dan Ives said in a note Wednesday that the Apple (NASDAQ: AAPL) Vision Pro was strong out of the gates, and it is the first step in a broader artificial intelligence strategy for the iPhone maker.

Ives, who has an Outperform rating and $250 price target on AAPL shares, said that around six months ago, the consensus view on the Street was that 70,000 to 80,000 would be the initial targets... More

Apple plans new fees, restrictions for downloads outside App Store - WSJ

(Reuters) - Apple plans to add new fees and restrictions when it starts allowing third-party software downloads outside its App Store, the Wall Street Journal reported on Wednesday.

The news comes months after the European Union enforced the Digital Markets Act (DMA) to target the market clout of big... More

Spotify to start in-app purchases on iPhone in Europe after DMA takes effect

(Reuters) -Spotify users in Europe can start to buy audiobooks and subscription plans from within the music-streaming app from March as a result of the region's new competition law for Big Tech, the Swedish company said on Wednesday.

The move will help the company avoid Apple's 30% fee for purchases through its App Store, which has long been a source of contention between app developers and the tech giant.

Spotify has for years been in embroiled in a legal... More

Apple (AAPL) earnings to serve as a clearing event - Morgan Stanley

Ahead of Apple's (NASDAQ: AAPL) earnings release at the beginning of February, Morgan Stanley analyst Erik Woodring said they expect the release "to serve as a clearing event."

This will allow investors to refocus on the FY25 'Edge AI' opportunity and margin/Services... More

Under pressure from EU, Apple has been working on a new App Store fee structure - report

Apple (NASDAQ: AAPL) is reportedly planning to implement new fees and restrictions for third-party software downloads outside its App Store in response to an upcoming European law designed to open up its closed iPhone app ecosystem.

This move, applicable only in Europe,... More

Spotify (SPOT): The DMA Means a Better Spotify for Artists, Creators, and You

Spotify (NYSE: SPOT) announced:

Whats one of the top complaints about Spotify? Its actually something that until now has been outside of our control: the ability to seamlessly subscribe to and buy things through Spotify on your iPhone. Consumers have asked us for years about the dead ends, lack of information, and endless hoops to jump through just to purchase a subscription or audiobook. But beginning March 7, if you live in the European Union, that will change. With the Digital Markets Act (DMA) rolling out, your Spotify is about to... More

Morgan Stanley on Apple (AAPL): 'We expect earnings to serve as a clearing event'

Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and $220.00 price target on Apple (NASDAQ: AAPL).

The analyst commented: "We expect Dec Q rev/EPS outperformance, driven by iPhone/ Services, but a March Q rev guide $3B (3%) below Consensus. This is well... More

Netflix shares surge premarket as subscriber growth soars

(Updated - January 24, 2024 7:24 AM EST)

Investing.com -- Netflix (NASDAQ: NFLX) shares surged in premarket U.S. trading on Wednesday after a slate of popular programming helped the streaming giant add far more paying subscribers in the fourth quarter than Wall Street had expected.

The company signed up a robust 13.12 million users during the three months ended on Dec. 31, a 71% surge compared to the year-ago period and markedly above analyst estimates of about 8.9 million, as viewers tuned in for the series finale of "The Crown" and "Squid Game: The Challenge",... More

Apple Car launch delayed to 2028 - report

According to Bloomberg News, Apple (NASDAQ: AAPL) has reportedly dialed back the features for its upcoming electric vehicle (EV) and delayed the cars launch to 2028 at the earliest.

Notably, the company has apparently shifted its focus from a fully autonomous vehicle to a more modest design, aiming to introduce an EV with basic driver-assistance features, marking a significant departure from the previous goal of releasing a self-driving car with advanced capabilities by 2026.

The project, codenamed Titan and T172, has been marked by... More

Apple (AAPL) Now Plans Car For 2028 With Less Ambitious Autonomy Goals - Bloomberg

Apple (AAPL) Now Plans Car For 2028 With Less Ambitious Autonomy Goals - Bloomberg

Netflix, WWE ink long-term partnership worth over $5 billion

Investing.com -- Netflix has agreed to a more than $5 billion, 10-year rights deal with WWE to bring the pro wrestling promotion's flagship weekly program to the streaming service, according to a joint statement on Tuesday.

The companies said that Netflix (NASDAQ: NFLX) will become the "exclusive new home" of WWE's "Raw" event in several territories, including the U.S., U.K., and Canada. "Raw," a blend of scripted content... More

Apple bids to throw out $1 billion UK lawsuit over app store fees

By Sam Tobin

LONDON (Reuters) - Apple on Tuesday asked a London tribunal to throw out a mass lawsuit valued at around $1 billion brought on behalf of more than 1,500 app developers over its App Store fees.

The case, worth up to 785 million pounds ($998 million) and one of several faced by the tech giant in the United Kingdom, alleges Apple charged third-party developers unfair commissions of up to 30% on purchases of apps or other content.

Sean Ennis, a... More

Oppenheimer Reiterates Outperform Rating on Apple (AAPL), discusses Vision Pro's evolution and competition

Oppenheimer analyst Martin Yang reiterated an Outperform rating and $200.00 price target on Apple (NASDAQ: AAPL).

The analyst commented: "We update our longer-term view on Vision Pro given its imminent arrival and a number of recently announced AI-enabled consumer hardware devices.... More

Apple (AAPL) Added to BofA US 1 List, Jazz Pharmaceuticals (JAZZ) Removed

Apple (NASDAQ: AAPL) Added to BofA US 1 List, Jazz Pharmaceuticals (NASDAQ: JAZZ) Removed