Steve Jobs Protege Phil Schiller Defends Apple's 'Walled Garden' Against Global Regulatory Pushback
Portfolio Pulse from Anusuya Lahiri
Phil Schiller, Apple Inc's former chief marketing officer and a protege of Steve Jobs, is defending Apple's integrated ecosystem against global regulatory pushback, emphasizing security and privacy. Despite facing legal challenges from entities like the Justice Department, the EU, Spotify, and Microsoft, Schiller's efforts have been crucial in navigating antitrust litigation, notably with Epic Games over App Store policies. Apple remains focused on the Chinese market, planning to introduce its Vision Pro headset there by 2024, despite a decline in iPhone shipments. Apple's stock has dropped 9% YTD, but it recently saw a 1.59% increase to $172.41.
March 27, 2024 | 3:51 pm
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Phil Schiller defends Apple's ecosystem against global regulatory and legal challenges, emphasizing security and privacy. Apple remains committed to the Chinese market, planning to launch its Vision Pro headset by 2024.
Schiller's defense and Apple's strategic focus on the Chinese market, despite regulatory challenges and a decline in iPhone shipments, suggest a positive outlook for Apple's resilience and growth potential.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Apple's stock, which has seen a 9% decline YTD but recently increased by 1.59%, through the Vanguard Information Tech ETF.
Given that VGT includes Apple in its holdings, the recent positive movement in Apple's stock price could contribute to a favorable short-term impact on VGT's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Investors looking to invest in Apple, which has lost 9% YTD but recently saw a 1.59% increase, can consider the SPDR Select Sector Fund - Technology.
XLK, which holds Apple as part of its portfolio, could see a positive short-term impact from the uplift in Apple's stock, reflecting on XLK's overall performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70