Streetbeat News

AAPL

Apple Inc.

https://www.apple.com

Industry

Consumer Electronics

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.

Open

226.40

Mkt cap

3.4T

Volume

47M

High

226.92

P/E Ratio

37.07

52-wk high

237.49

Low

224.27

Div yield

0.00

52-wk low

164.08

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price levels for these assets and advises traders to stay alert for breakouts or reversals. The session is expected to be volatile with key earnings reports and the FOMC rate decision due this week. The memo is part of a service offering by RIPS, a professional trader, who provides insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

January 29, 2024 | 3:59 pm

Jony Ive, former Chief Design Officer at Apple Inc., had plans to merge the MacBook Air and MacBook Pro lines into a single product line. This idea was part of his broader vision to simplify Apple's product offerings. Ive's influence on Apple's design is significant, and since leaving the company, he has continued to work on high-profile projects through his design firm LoveFrom. The potential consolidation of the MacBook lines reflects the different management approaches between Steve Jobs and Tim Cook, with Cook giving Ive more authority over decisions.

Portfolio Pulse from Rounak Jain

January 29, 2024 | 2:50 pm

Major League Soccer (MLS) is returning to the MLS Season Pass on the Apple TV app, offering fans access to all live MLS matches, replays, and shows without any blackouts. This collaboration between MLS and Apple provides a dedicated platform for soccer enthusiasts to follow their favorite teams and players throughout the season.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 2:03 pm

Experts predict a resurgence in M&A activity in 2024 after a slump in 2023, with AI, biotech, and energy sectors expected to lead. Morgan Stanley's Tom Miles and Pitchbook's Tim Clarke attribute the 2023 downturn to market volatility and high interest rates, which particularly affected private equity firms. M&A volumes fell to $2.4 trillion in 2023 from $5.2 trillion in 2021. Microsoft's partnership with OpenAI, potential biotech acquisitions, and big oil deals like ExxonMobil's purchase of Pioneer Natural Resources and Chevron's acquisition of Hess Corp are highlighted. ETFs like IYW, BOTZ, IBB, and XLE, as well as the Russell 2000 index, could benefit from the anticipated M&A uptick.

Portfolio Pulse from Neil Dennis

January 29, 2024 | 2:03 pm

Institutional investors predict Microsoft Corp. (MSFT) will surpass Apple Inc. (AAPL) in market value over the next five years. Microsoft's market cap has already exceeded $3 trillion in 2024, briefly making it the world's most valuable company. The company's shares rose by 57% in 2023, attributed to its leadership in generative AI. Meanwhile, Apple's growth may be hindered by its dependence on the iPhone and less clear AI strategy. Nvidia Corp. (NVDA) is also mentioned as a potential competitor in the race for market value.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 1:10 pm

U.S. stocks are set for a mixed open as investors await a series of tech earnings and the Federal Reserve meeting. Big tech companies like Microsoft, Alphabet, Amazon, Meta Platforms, and Apple are reporting earnings, with AI-focused firms expected to perform well. Last week, stock indices gained, with the S&P 500 and Dow closing near record levels. The Fed is expected to maintain high rates, with Chair Powell likely to continue a tough stance on inflation. Futures are slightly up, with SPY and QQQ showing modest gains in premarket trading. Stocks like AMD, Boeing, and SoFi are in focus with upcoming earnings, while China Evergrande's liquidation adds to concerns about China's property sector.

Portfolio Pulse from Shanthi Rexaline

January 29, 2024 | 12:23 pm

Apple Inc. (AAPL) has increased the APY for its Apple Card Savings Account to 4.50%, up from 4.35%. This is the third hike since December, with previous rates at 4.15% and 4.25%. The account, in partnership with Goldman Sachs (GS), allows users to earn interest on deposits up to $250,000. The rate now matches that of Marcus by Goldman Sachs. Apple also offers exclusive subscription deals for Apple Card users but reminds them that interest is taxable with 1099-INT forms.

Portfolio Pulse from Benzinga Neuro

January 29, 2024 | 11:07 am

The past week's earnings reports from companies like Tesla, Intel, and Texas Instruments were disappointing, affecting market sentiment. However, Netflix's strong performance provided some optimism. With 25% of S&P 500 companies having reported, 69% beat EPS estimates and 68% beat revenue estimates. The upcoming week is tech-heavy with earnings from Microsoft and Apple being highly anticipated, especially Microsoft's AI initiatives. FactSet expects six 'Mag 7' companies, excluding Tesla, to report a 53.7% year-over-year earnings growth for Q4. Energy sector earnings are also to be watched due to low crude oil prices. The SPDR S&P 500 ETF Trust (SPY) saw a slight premarket increase.

Portfolio Pulse from Shanthi Rexaline

January 29, 2024 | 10:51 am

Elon Musk, owner of Twitter now known as X, responded to venture capitalist Paul Graham's comment that Twitter has 'improved a lot' since Musk's acquisition. Graham noted a decrease in mob trolling, while Musk likened getting used to trolling to 'water off a duck's back.' The platform has been criticized for handling hate speech and misinformation, leading to ad withdrawals from companies like Apple Inc. and Walt Disney Co.

Portfolio Pulse from Rounak Jain

January 29, 2024 | 10:26 am

Bloomberg columnist Mark Gurman suggests that iOS 18 could be the most significant update in iPhone history, with anticipated features like RCS support and enhanced Siri functionality using generative AI. Apple Inc. (NASDAQ:AAPL) plans to release iOS 18 in September, following a strategic pause in development to focus on AI capabilities and software quality. This update is crucial as Apple shifts focus to software innovation amid fewer hardware breakthroughs expected for the iPhone 16.

Portfolio Pulse from Ananya Gairola

January 29, 2024 | 9:52 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.