Apple's Right To Repair Becomes Law, Tesla Owners Use iPhone 15 Pro Button As Car Key Substitute And Other Top Tech Stories From This Week
Portfolio Pulse from Benzinga Neuro
This week, Apple Inc. (NASDAQ: AAPL) made headlines with several developments. California Governor Gavin Newsom signed the Right to Repair Act into law, backed by Apple, allowing device owners to repair their devices at third-party repair shops. Supply chain analyst Ming-Chi Kuo predicted that the 2024 Apple Watch may lack innovative features. Apple might introduce a new technology for its mainboard in the iPhone 17, potentially providing enhanced internal space and cost-saving benefits. Tesla Inc. vehicle owners are using the new iPhone 15 Pro’s “action button” as a car key substitute. Apple Inc. CEO Tim Cook and Tesla Inc. CEO Elon Musk did not make the top spot in the list of America's most popular CEOs.
October 15, 2023 | 1:28 pm
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NEUTRAL IMPACT
Apple's Right to Repair Act, potential lack of innovative features in the 2024 Apple Watch, and new technology in the iPhone 17 could impact the company's stock.
The Right to Repair Act could potentially reduce Apple's revenue from repairs, but it also improves the company's image in terms of consumer rights. The lack of innovative features in the 2024 Apple Watch could affect sales, but it's too early to tell. The new technology in the iPhone 17 could provide cost-saving benefits, which could positively impact the company's bottom line.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Tesla vehicle owners using the new iPhone 15 Pro’s “action button” as a car key substitute could impact the company's stock.
While this news shows the versatility and convenience of Tesla's vehicles, it's unlikely to have a significant impact on the company's stock in the short term.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50