Elon Musk Isn't Sure If Apple Showed Its Entire $30B R&D Prowess With New iPads: 'Maybe They Have Some Secret Products…' (UPDATED)
Portfolio Pulse from Ananya Gairola
Elon Musk questioned the effectiveness of Apple Inc.'s (AAPL) $30 billion R&D investment following the launch of the new iPad Air 6 and iPad Pro models. Musk's comments on X, formerly Twitter, were in response to a meme comparing the investment to the slight increase in thickness of the new iPad Pro. He suggested that Apple might be working on secret products. This discussion highlights the differences in R&D spending effectiveness between companies like Tesla, Apple, and Microsoft.
May 08, 2024 | 1:52 am
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POSITIVE IMPACT
Elon Musk's speculation about Apple's R&D spending and the hint at potential secret products could generate investor interest and speculation, potentially impacting AAPL's stock price positively in the short term.
Elon Musk's public questioning of Apple's R&D effectiveness, coupled with the suggestion of secret products, could lead to increased investor speculation and interest in AAPL. Given Musk's influence and the market's sensitivity to news about potential new products from major tech companies, this could result in a positive short-term impact on Apple's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90