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Apple Inc.'s Series 9 and Ultra 2 watch models are banned from sale in the U.S. due to a patent violation ruling by the ITC. Despite this, third-party retailers like Best Buy, Target, AT&T, and Amazon are still selling the watches. Apple faces potential holiday sales losses of $300 million to $400 million but is fighting the ban with an emergency motion for a temporary suspension while appealing the decision. The ban's impact on Apple's sales and its efforts to overturn the decision highlight the significance of the ITC ruling and the ongoing legal battle with Masimo.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 8:12 am

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Elon Musk revisited his 2021 NFT venture by tweeting about a musical NFT he once considered selling. Despite a bid over $1 million, Musk decided not to sell the NFT. The tweet resurfaced amidst a year of significant NFT developments, including SEC's first case on NFTs as unregistered securities and the introduction of Bitcoin Ordinals. NFTs are digital ownership certificates on blockchains like Ethereum, Solana, and Polygon.

Portfolio Pulse from Mehab Qureshi

December 27, 2023 | 8:09 am

AAPL

Gene Munster, an analyst from Deepwater Asset Management, believes that Apple Inc.'s iPhone will not be affected by rumors of the iPhone’s design executive, Tang Tan, joining a project with OpenAI CEO Sam Altman and former Apple design head Jony Ive. The project is speculated to be an AI hardware device unrelated to phones. Despite Ive's departure from Apple and his history with phone development, Munster sees no immediate or medium-term impact on the iPhone, which he expects to perform well for the next five plus years.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 7:56 am

Toyota Motor Corp (NYSE:TM) reported an 11% increase in global production for November, setting a new record fueled by strong consumer demand. The growth signifies a recovery from supply chain issues experienced the previous year. Domestic sales in Japan rose by 27%, with the U.S. and China seeing a 17% increase, and Europe a 15% rise. Despite a recent production halt at subsidiary Daihatsu and a recall of about a million vehicles in the U.S. due to airbag issues, Toyota is on track for record global sales, with a significant portion being gasoline-electric hybrids.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 7:50 am

EHang Holdings Limited (NASDAQ:EH), a leader in urban air mobility technology, has launched a UAM Operation Demonstration Center at OH Bay in Shenzhen's Bao'an district. This follows a strategic partnership with the local government and is a step towards initiating aerial sightseeing services.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 7:15 am

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Elon Musk, CEO of Tesla, Inc. (TSLA), responded sarcastically to BCG's ranking of Tesla as the second-most innovative company of 2023, behind Apple, Inc. (AAPL). Musk highlighted Tesla's high rank despite not using BCG's services, implying a potential conflict of interest for other companies on the list that do. Tesla enthusiasts criticized BCG's rankings, citing Tesla's innovations and contrasting them with Apple's less significant updates. Other tech giants like Amazon (AMZN), Alphabet (GOOGL/GOOG), and Microsoft (MSFT) were in the top five, while SpaceX and Nvidia (NVDA) were outside the top 10.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 6:38 am

JKS

JinkoSolar Holding has surpassed most brands by being granted 330 TOPCon patents, establishing itself as a leader in N-type TOPCon technology. The company has been focusing on maintaining its technical leadership through its extensive intellectual property rights over a period of almost six years.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:22 am

JNPR

Arirang TV has upgraded its broadcasting capabilities globally by implementing a Juniper Networks-powered infrastructure. This new setup provides nanosecond-level latency, allowing Arirang TV to offer continuous 24/7 broadcasts to 105 countries.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 6:17 am

BYDDY

TSLA

BYD Co., supported by Warren Buffett's Berkshire Hathaway, is set to surpass Tesla as the world's top EV seller this quarter. BYD's Q3 sales were close to Tesla's, and with its October and November sales, it's likely to exceed Tesla's projected Q4 sales. This shift highlights China's growing influence in the EV market and introduces a new competitive dynamic between Tesla and BYD. BYD is expanding globally, including a new base in Hungary, while Tesla is planning a major Model Y overhaul from its Shanghai plant.

Portfolio Pulse from Benzinga Neuro

December 27, 2023 | 6:01 am

TSLA

Wedbush analyst Daniel Ives maintains an Outperform rating on Tesla, Inc. (NASDAQ:TSLA) with a $350 price target, citing strong data from China and global price stabilization. Ives is optimistic about Tesla surpassing its Q4 delivery target, with China registrations indicating a potential record in quarterly deliveries. He also commends Tesla's strategic price cuts and anticipates 25%-30% year-over-year unit growth. Ives sees the supercharger network and FSD software as significant value drivers for Tesla's future.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 5:04 am