Apple

Apple Inc. (AAPL) is ramping up production of the Vision Pro mixed-reality headset for a launch by February. Production of the $3,499 headset, which would compete with products from Meta Platforms Inc. (META) and Microsoft Corp. (MSFT) , is proceeding quickly at facilities in China, according to a Bloomberg report citing people with knowledge of the matter. Apple’s plan is for the Vision Pro to be ready at retail outlets by February, the people said. -Jon Swartz

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: AAPL is set to stop selling the Apple Watch Series 9 and Ultra 2 after 12/24 as it complies with an ITC import ban given the patent dispute with medical device maker Masimo over its SpO2 (pulse oximeter) sensor. We estimate Apple Watch sales are 4%-5% of revenue, with the impact on Dec-Q revenue to be negligible (already benefited from holiday selling season) but has the potential to hurt Mar-Q sales by about 2% if it can’t get the devices back on the shelves. AAPL will still be able to sell the lower-priced SE, while international sales will be unaffected. Barring a veto of the ban from the Biden administration, AAPL will likely look to rely on legal/technical options to get the devices back on the market.

Wedbush analyst Daniel Ives reiterates Apple (NASDAQ:AAPL) with a Outperform and maintains $250 price target.

The sudden interruption in most Apple Watch sales during the all-important holiday shopping season could potentially fuel another revenue decline for the tech giant’s December quarter. But that will depend upon how many consumers decide to rush out and quickly buy Apple Watch Series 9 and the Apple Watch Ultra 2 models, before sales are halted in the coming days due to a patent dispute. Consumers can buy both product lines on Apple Inc.’s (AAPL) website until Thursday, Dec. 21, and in retail locations until Dec. 24. So the question is whether a sudden run on sales in the last week of holiday shopping can offset potential lost sales. It is worth noting, though, that several large retailers, such as Best Buy Co (BBY), Target Corp. (TGT), Walmart Inc. (WMT) and Amazon.com Inc. (AMZN), had already lowered the price of the base model of the Apple Watch Series 9 by

Apple Inc Says Apple Will Appeal The U.S. ITC’s Decision To Federal Circuit。

Apple is set to halt sales of its smartwatch in the coming days as the company prepares to comply with a U.S. import ban stemming from a federal trade ruling over a blood-oxygen sensor on some versions of the device. The October ruling gave the Biden administration 60 days to review the decision, in which the U.S. International Trade Commission found that Apple violated patents in most new models of the Apple Watch since 2020. Apple said it is stopping watch sales to take pre-emptive steps in case the ruling stands. The ban would include the Apple Watch Series 9 and Apple Watch Ultra 2, the company said. “Apple strongly disagrees with the order and is pursuing a range of legal and technical options to ensure that Apple Watch is available to customers,” the company said. The case revolves around medical-technology company Masimo, which alleged in a 2021 complaint that

Company Management Luca Maestri – CFO Suhasini Chandramouli – Director of Investor Relations Tim Cook – CEO Analysts Aaron Rakers – Wells Fargo Securities Amit Daryanani – Evercore ISI Ben Reitzes – Melius Research David Vogt – UBS Erik Woodring – Morgan Stanley Harsh Kumar – Piper Sandler Krish Sankar – TD Cowen Michael Ng – Goldman Sachs Group Richard Kramer – Arete Research Wamsi Mohan – Bank of America Operator Certainly. We will go ahead and take our first question from Mike Ng of Goldman Sachs. Please go ahead. Michael Ng Hey. Good afternoon, and thank you very much for the questions. I just have a question on iPhone storage and demand versus iCloud. As demand for storage grows, are you seeing a mix-shift towards higher storage iPhone models or are consumers mostly opting for the same because of increased uptake of iCloud+? What are some of the strategic

Apple reports fourth quarter results iPhone revenue sets September quarter record Services revenue reaches new all-time high CUPERTINO, Calif.—-November 02, 2023– Apple(R) today announced financial results for its fiscal 2023 fourth quarter ended September 30, 2023. The Company posted quarterly revenue of $89.5 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.46, up 13 percent year over year. “Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO. “We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carbon neutral Apple Watch models, a major milestone in our efforts to make all Apple products carbon neutral by 2030.” “Our active installed base of devices has again reached a new all-time high across all products and all geographic

Apple’s Fiscal Q4 Revenue $89.50 Billion Vs Expectations $89.34 Billion。

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: AAPL posted Sep-Q EPS of $1.46 vs. $1.29, beating the $1.39 consensus. Sales fell 1%, near expectations, with iPhone growth of 3%, which matched our forecast. We believe the biggest negative from the results was the 2% Y/Y decline in China, worse than we expected, as we look for greater clarity about AAPL’s outlook for the region in the Dec-Q, given concerns about increasing competitive pressures in the region. That said, growth of 16% from AAPL’s higher margin Services business was a bright spot (beating our 10% growth forecast), an acceleration from the 8% pace in Jun-Q and 5% in Mar-Q. This supported a wider-than-projected gross margin of 45.2% vs. 42.3% a year earlier (we were looking for 44.5%). We note that Macs plunged a worse-than-expected 34%

Apple CFO Said Expects Fiscal Q1 Gross Margins Of Between 45% And 46% -Conf Call。

Apple CEO Cook Said China Q4 Performance Pulled Down By Weak Mac And iPad Sales – Conf Call。