{
}
Boston Mayor Michelle Wu has reached a compromise with business leaders to prevent a 28% tax increase on homeowners. The agreement aims to stabilize the city's tax system, which has been disrupted by a decline in office demand and its heavy reliance on commercial property revenue.
Wall Street experienced a downturn as interest rates rose, compounded by growing concerns regarding the iPhone 16. In response to these developments, the CNBC Investing Club with Jim Cramer provides actionable updates every weekday during the final trading hour.
UBS has maintained a Neutral rating on Apple Inc. with a price target of $236, projecting Q3 revenue of $94 billion and EPS of $1.58. Despite steady iPhone sales, a cautious outlook for December is anticipated due to the delayed launch of new AI features. Additionally, Apple faces challenges with its Vision Pro headset production and has been fined $89 million alongside Goldman Sachs for credit card venture violations.
UBS has maintained a Neutral rating on Apple Inc. with a price target of $236, projecting September revenue at $94 billion and EPS at $1.58. Despite steady iPhone sales, a cautious outlook is anticipated for the December quarter due to the delayed launch of new AI features. Additionally, Apple faces challenges with its Vision Pro headset production and has been fined $89 million for violations in its credit card venture with Goldman Sachs.
UBS has maintained a neutral stance on Apple Inc., setting a price target of $236, with expectations for September sales of $94 billion and EPS of $1.58. Despite a flat year-on-year forecast for iPhone sales at 46 million units, there is potential for positive surprises from the iPad segment. Additionally, Apple faces challenges with its Vision Pro headset production due to slow sales and high costs, while a recent meeting between CEO Tim Cook and China's Minister of Industry highlights the importance of the Chinese market.
Maneuver 2025 introduces new tax deduction ceilings for incomes above 75,000 euros, with maximum deductions varying based on household composition. Singles and families without dependents earning over 100,000 euros face the most significant reductions, while the government aims to save over a billion euros annually. Health expenses and certain past mortgage costs remain exempt from these changes.
Apple Inc. is set to begin production of updated MacBook Air models featuring the new M4 chips, with a release anticipated in early 2025. The new 13-inch and 15-inch models, codenamed J713 and J715, will maintain a design similar to the 2022 version.
Apple has unveiled a beta version of its AI features, including integration with ChatGPT, as part of the upcoming iOS 18.1 release. The new tools allow users to rewrite text, generate images, and utilize Visual Intelligence for real-time object and text recognition. While Siri's ability to perform actions within apps is not included yet, it is expected soon, enhancing the user experience on newer devices.
UBS analyst David Vogt has maintained a Neutral rating on Apple (AAPL) with a price target of $236.00, anticipating September revenue and EPS to align with forecasts of $94B and $1.58, respectively. Despite AI excitement post-WWDC, iPhone unit sales are expected to remain flat year-over-year at around 46M, with a total of 51M units projected for the quarter. The analyst notes that Apple management will likely adopt a cautious stance regarding December quarter iPhone demand, pending the release of Apple Intelligence features.
Apple has reduced its iPhone 16 orders by 10 million units, primarily affecting the standard model rather than the Pro versions, leading to a production estimate of 84 million units for the second half of 2024. Analyst Ming-Chi Kuo forecasts a decline in iPhone revenues in the first half of 2025 due to lower shipments and a less favorable product mix, coinciding with the anticipated launch of the iPhone SE 4. Despite these challenges, Kuo remains optimistic about Apple's potential in on-device AI, which is set to debut in an upcoming iOS update.
Apple Inc.
Companies
| Symbol | AAPL |
| Name | Apple Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Technology Hardware & Equipment |
| Industry | Electronic Equipment, Instruments & Components |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Cupertino |
| Zipcode | 95014 |
| Website | http://www.apple.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
boston mayor negotiates deal to prevent significant tax increase for homeowners
21:11 23.10.2024
Wall Street declines as interest rates rise and iPhone 16 concerns grow
20:45 23.10.2024
ubs maintains neutral stance on apple with revenue expectations for september
20:37 23.10.2024
ubs maintains neutral stance on apple with target price of 236 dollars
20:32 23.10.2024
ubs maintains neutral stance on apple with 236 dollar price target
United States Dollar
The Goldman Sachs Group, Inc.
Apple Inc.
CHN
USA
Tim Cook
Donald Trump
Jin Zhuanglong
Show more
20:14 23.10.2024
Maneuver 2025 introduces new tax deduction ceilings affecting high-income earners
19:45 23.10.2024
apple prepares to launch m4 macbook air models in early 2025
19:33 23.10.2024
apple unveils ai features with chatgpt integration in latest update
United States Dollar
OpenAI
Apple Inc.
Microsoft Corporation
Google Inc.
USA
Tim Cook
Sam Altman
Show more
19:05 23.10.2024
ubs maintains neutral rating on apple anticipating steady quarterly results
19:00 23.10.2024
apple cuts iphone 16 orders by 10 million units amid declining demand
18:44 23.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Government Economic Policies
CEO Changes
Market Analysis and Predictions
Domestic Politics
Government Policies
Workplace Trends
GDP Growth & Recession Forecasts
Financial Scams and Security
Countries:
Companies:
JPMorgan Chase & Co.
Apple Inc.
Tesla, Inc.
Barclays PLC
Deutsche Bank Money Market PP
The Goldman Sachs Group, Inc.
Credit Suisse Strategic Income I
Banco Santander, S.A.
Berkshire Hathaway Inc.
UBS Group AG
Lloyds Banking Group plc
SpaceXCoin USD
Morgan Stanley
Amazon.com, Inc.
Bank of America Corporation
Wells Fargo & Company
BNP Paribas SA
NVIDIA Corporation
Bank Frick AG
UniCredit S.p.A.
Currencies:
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Japanese Yen
Indian Rupee
Chinese Yuan
Vietnamese Đồng
South Korean Won
Canadian Dollar
Australian Dollar
Thai Baht
New Taiwan Dollar
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Cambodian Riel
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Olivier Calvet
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Scott Bessent
Stacey Friedman
George Saravelos
Alex Kramm
Susan P. Crawford
Francois Xavier Bouvignies
Joseph Spak
Stefan Rauti