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China Reportedly Bans Apple iPhones And Other Foreign Devices Among Government Officials according to the WSJ
-> Citing unnamed people familiar with the matter, the Journal said officials at central government agencies had been told of the ban by superiors in recent weeks through workplace chat groups or in meetings. -> The order also prohibits officials from bringing iPhones and other foreign devices into the workplace. -> It’s not clear how widely the orders have been disseminated across China’s government but similar instructions have also been handed down to employees at some central government regulators, according to the Journal. Source: Forbes
According to Morgan Stanley research last year. $AAPL has an estimated 860 million subscriptions sold
If this is correct, Apple could raise the monthly price by $1 per month on these subscriptions and generate an incremental $10 billion per year in revenue. Apple has set themselves up with a simple pricing lever that can generate incremental high-margin returns for years ahead. Source: Morgan Stanley, Joseph Carlson
The trend is your friend until it ends??? Apple ($AAPL)
Source: Tradingview
Apple beat earnings estimates but fell after-hours
Apple reported fiscal third-quarter results that beat Wall Street expectations for both earnings and sales, driven by stronger services sales that grew 8% on an annual basis. Overall sales still fell 1% year over year, however, and revenue in the company’s iPhone, Mac, and iPad lines were all down from a year earlier. Apple shares fell more than 2% in extended trading. $AAPL Apple Q3 FY23: • Revenue -1% Y/Y to $81.8B (in-line). 💳 Services +8% Y/Y to $21.2B. 📱 Products -4% Y/Y to $60.6B. • Operating margin 28% (flat Y/Y). • EPS $1.26 ($0.07 beat). • Over 1B paid subscriptions. Source: App Economy Insights, CNBC
Apple is developing the equivalent of “AppleGPT” and other generative AI tools to rival OpenAI and Google. Apple is testing the chat bot internally and it’s code name is “Ajax"
Apple's stock jumped after Bloomberg reported the #ai news and hit a new ATH. Apple was caught flat-footed in the past year with the introduction of OpenAI’s ChatGPT, Google Bard & Microsoft’s Bing AI. Its main AI product, the Siri voice assistant, has stagnated recently. Source: HolgerZ, Bloomberg
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