Rothschild & Co Redburn upgraded Apple to Buy from Neutral and raised its price target to $400, driven by the expected launch of a foldable iPhone in September and a shift in Apple's AI strategy. The foldable iPhone, priced at $2,199, could boost average iPhone prices by 11% by 2027 and generate incremental demand with 14 million units forecasted in fiscal 2027. Additionally, Apple may reduce reliance on Google's AI models by adopting open-source alternatives, enhancing its AI ecosystem. Risks include potential delays, manufacturing challenges, and uncertain consumer adoption of foldable phones.
Apple is redesigning its retail stores with three main changes: refurbished 'Avenue' sections for accessories and services, new dedicated areas for online pickups and Today at Apple sessions, and a return to the classic Genius Bar design with an all-...
Elon Musk's companies xAI and X have voluntarily dismissed their antitrust lawsuit against Apple, which accused Apple of favoring OpenAI's ChatGPT in the iPhone's operating system. However, the suit's claims against OpenAI remain active, alleging ant...
Apple has filed a federal court request to access OpenAI's unreleased consumer device, internal communications, and employee records related to allegedly stolen confidential information. The judge will decide how much Apple can investigate before an ...
Apple's stock has risen 22.56% year-to-date, fueled by advancements in Siri AI, a refreshed M5 chip, and record-breaking Services revenue. The company's Q3 FY2026 earnings showed a 16.4% revenue increase to $109.42 billion, with strong iPhone and Ser...
Apple introduced the iPhone Duo, its first foldable smartphone, priced at a premium $2,000, significantly higher than previous flagship models. This launch aims to increase Apple's average selling price and margins, potentially enhancing earnings per...
