AAPL Nov 2024 310.000 put
| Previous Close | 82.52 |
| Open | 82.55 |
| Bid | 83.60 |
| Ask | 84.45 |
| Strike | 310.00 |
| Expire Date | 2024-11-15 |
| Day's Range | 82.52 - 82.55 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
- Yahoo Finance Video
Apple's iPhone 16 upgrade cycle will 'take time': Analyst
Shares of Apple (AAPL) are under pressure amid reports of weak iPhone 16 demand. First-weekend preorder sales for the iPhone 16 series are estimated to be about 13% lower than the iPhone 15. Maxim Group managing director and senior consumer internet analyst Tom Forte joins Market Domination to discuss the news and whether Apple will see a significant upgrade cycle. "I think the challenge for Apple, as reflected in those reports, is that they're trying to get a consumer to buy new hardware, which is coming out in the month of September. But the best-selling point for that hardware, especially for consumers in the US — Apple Intelligence, the AI-related features — those aren't coming out until beta next month," Forte tells Yahoo Finance. "And then it's more challenging for sales in Europe and China, where the AI-related features are coming next year, perhaps later. So I think that I'm not surprised that you're seeing a slow start for the 16 lineup on this gap between the hardware and the software." He argues that the iPhone 16 will have an upgrade cycle for AI, but it will likely be half the size of the upgrade cycle for 5G. While millions of consumers have iPhones that are at least three years old, Forte notes that a lot of the hardware updates, like processor speed and camera improvements, haven't "necessarily pushed the needle on an incremental amount of consumers upgrading their Apple device." He believes that the AI upgrade cycle will "take time," and adds, "it isn't helping the company that there's this gap between the hardware and the software." However, he does see consumer interest in AI-enabled smartphones. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
Investor's Business DailyIntel Leads S&P 500 Monday, And Keeps Running Late; Apple Chipmakers Are Biggest Losers
Dow Jones tech giant Intel led the S&P 500 Monday, and kept running late. Apple chipmakers Qorvo and Skyworks sold off on iPhone 16 concerns.
Investor's Business DailyApple's Hoped-For iPhone 16 Supercycle Isn't Looking So Super Now
Apple stock fell Monday after several analysts said iPhone 16 preorders were lower than expected. In a blog post, TF International Securities analyst Ming-Chi Kuo said iPhone 16 preorders of about 37 million units were down 12.7% from last year's first-weekend sales of the iPhone 15 series. Plus, a major selling point of the iPhone 16, Apple Intelligence, will not be available when the new smartphones come out.
