24 Burst results for "Daniel Ives"
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"The 3rd of January, apple's market valuation stood at $1.99 trillion 24 hours later. It was 2.01 trillion. It's almost like it barely moved. One of the most bullish Apple bulls has reassessed the climb, Apple three ran part of a note from Wedbush analyst Daniel Ives on Wednesday, wherein he cut his price target on Apple shares in a pretty big way. Not as rating on the company. He is still into it. But Apple is currently trading around $126 as price target had been 200 and that is a steep climb in 12 months. Especially it seems the 12 months ahead. Quoting his note with the fears of a softer holiday December quarter around the corner on China supply chain shortages. The street continues to sell off the stock in an unabated fashion with worries around an uncertain 2023 ahead for coopertino. Our Asia supply chain checks are clearly mixed, heading into the next few quarters and Cupertino appears to be cutting back on some orders around max, iPads, and AirPods over the coming quarters to reflect a softer consumer backdrop. Not that all of the news is bad. iPhone 14 pro demand appears to be more stable than feared in his estimation. That said, he sees potential weakness for iPhone overall, pointing to the perceived strikeout that is the iPhone 14 plus. Honestly, his note is kind of all over the place. He's worried about the sell off and consumer strength. At the same time, he says he and his believe, the overall demand environment is more resilient than the street is anticipating, they also believe the massive amount of bad news ahead is already baked into the stock. He really didn't want to change his price target, it seems, and yet quoting his note again on a sum of the parts
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"At rocket money dot com slash M O K. A bit of a whoops on Apple three, the side had Evercore analyst Sami Chatterjee, cutting his price target on Apple shares on Monday. The thing is, the analyst following Apple forever core is Chatterjee is the analyst following Apple for JPMorgan. Based on the final price target, I'm thinking Apple three got the analyst right, but named the wrong firm. Let's go with that. Basically, the analyst has felt the need to cut his iPhone estimations again, though, not as much last time, according to the analyst. Quoting his note while the rapid extension of lead times for iPhone 14 pro and pro max has slowed down and in fact began to moderate in recent weeks. It still remains elevated relative to the lead time scene prior to the COVID outbreak in Zhang Zhu, as we continue to see the supply shortfall continuing through year and an impacting the typical seasonal uptick in iPhone volumes seen in the December quarter. While he does not expect every missed sale for the December quarter to be made up in March, some of the sales will be the analyst says that is thanks to supply constraints easing and historical precedent for Apple consumers to wait through a delay. The analyst maintains an overweight rating on Apple shares. He's kind of his price target on the shares from $200 to 190, which is why I assume it was the firm that got messed up in the post, not the analyst. Evercore analyst Ahmed daryanani, already had his apple target. At 190 bucks. Strategy is not the only one noting moderation of lead times for iPhone 14 pro, a piece from Mac rumors says waits for the phones are getting shorter, though would be buyers are likely still missing Christmas. The site had been tracking wait times of three to four weeks for iPhone 14 pro and the iPhone 14 pro max, now the piece says specific build to both the pro and pro max or estimated to begin shipping in just one to two weeks. The stating the blanking obvious award goes to Wedbush analyst Daniel Ives today, Apple three had the analyst posting his list of tech predictions for 2023, only two of which were tied directly to Apple. The less obvious of the two, he says apple's augmented reality play Apple glasses will be released in the summer of 2023, one wonders whether he means the mixed reality headset, most are expecting, or does he actually think apple can leapfrog that and go straight to glasses, one might wear walking down the street. The latter seems unlikely. As for staining the blanking obvious number 5 on his list of predictions, Apple starts moving iPhone production out of China with a nightmare seen this Christmas around the China zero COVID lockdowns and the Foxconn situation, the time has finally come for Apple to diversify iPhone production out of China and build out a bigger manufacturing presence in India and or Vietnam for 2023 and beyond. I like and appreciate Daniel lives work. But if everyone there man in town spent a week and a half calling for rain on a certain day, then you say, I think it's going to rain on this day, I don't think you get to call that a prediction. I think you have to call that stating the blanking obvious. Mister ibes is a buy rating on Apple shares. His price target on the shares is 200 bucks. What might stand in the way of expanding iPhone production in India? Local politics and farmland. 9 to 5 Mac highlights a Bloomberg report saying rivalry between local and national government and the stance of small scale landowners may stop planned manufacturing expansion. The piece explains that India has three levels of government, national, state, and local, according to 9 to 5 Mac, while the national government is fully in favor of growing its manufacturing economy, local government is often more concerned with protection of existing land use and frequently opposes new developments in particular, local government typically works to protect small scale landowners like farmers from compulsory purchase orders by the national government. According to the Bloomberg report, small landowners may not be interested in giving up their farms to make room for a sparkling phone factory and local officials see their control over land policies as a way to exercise their leverage. Bloomberg has one professor at a university in India arguing that the country continues to grapple with over complicated policies and areas such as labor law and taxes while he thinks the country is moving in the right direction in terms of becoming a manufacturing center, he does say any point in the last
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"That never happened according to Elon Musk. Because remember, despite senator hawley's assertion that reports indicated Apple might pull Twitter from the App Store, it was actually just a thing that Musk tweeted flash forward to Wednesday when Elon Musk posted a video to Twitter of a reflecting pool at Apple Park, Musk wasn't in it. Apple CEO Tim Cook wasn't in it. And yet it was accompanied by the message. Thanks at Tim Cook for taking me around apple's beautiful headquarters. Personally, I figured the meeting between the two never happened, though daring fireballs, John Gruber actually had the meeting confirmed by some insider, a little bird told me cook was walking around campus with Musk reads part of Gruber's confirmation. Not much later at around 3 p.m. on the West Coast, Musk tweeted good conversation among other things we resolved the misunderstanding about Twitter potentially being removed from the App Store, Tim was clear that Apple never considered doing that. That prompted Wedbush analyst Daniel Ives to tweet good to see Musk and cook patch things up and resolve any issues a step forward for both Musk and Cupertino looking ahead and no more issues that appears. And that prompted me to pound one time hard on my keyboard and start day drinking. Also, Tim Cook is now following Elon Musk on Twitter. And that prompted me to have another. More news in a moment, but first a word from today's sponsor, rocket money. Do you have any idea how many subscriptions do you have running currently? And how much they are costing you each month, maybe you do. There's a good chance you don't. If you want to get a handle on them, see how many you've got and what you can do without there's rocket money. Formerly known
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"Start by saying I am happy to have been wrong about how ugly things we're going to be for Apple on Monday. In the wake of apple's warning about production of iPhone 14 pro and iPhone 14 pro max. And inability to meet demand, I don't expect it to really bad day for Apple shares. While they did start the day down about one and a half percentage points, they actually ended the day up about half a percentage point. Basically flat. It was not Apple news that drove or stopped Apple shares on Monday, but other things happening in the U.S. this week. At least that's the indication from CNBC. That site has investors looking ahead to today's midterm elections. As well as the consumer price index report, due out later this week. That's probably not totally accurate to say that Apple specific news had nothing to do with Apple shares. On Monday, the company did stress and it's Sunday evening press release that while it now expects lower shipments and previously anticipated demand remains strong. That gave Apple watching analysts a few points to analyze both three rounded up a number of reaction notes Raymond James analyst Melissa Fairbanks says things don't look too bad to her crew, her checks Monday morning showed lead times that had only stretched by about a week compared to last Friday, assuming production returns to normal later this month. Her team thinks the overall impact result will be minimal for the December quarter, especially given how cautious a lot of estimates have been. Weirdly, Fairbanks has an outperform rating on Apple shares. Though no stated price target, Wedbush analyst, Daniel Ives seems less optimistic about production getting back on track quickly, though he leans into apple's strong demand story regarding apple's warning he writes with demand remaining firm in the holiday season. We would estimate this negatively impacting roughly 3% of iPhone sales this quarter based on the impact of China production supply issues. If Shang Zhu remains at lower capacity the next few weeks, this would cause clear iPhone pro shortages into the all important Christmas time period, especially in the U.S.. While acknowledging the very frustrating situation for Apple and the investors, he stresses it's a supply issue and related to China's zero COVID policy, but not demand driven. He's gotten outperform rating on apple's shares and they price target of 200 bucks. Evercore analyst Ahmet Derry and Nami wishes he had more numbers. Assuming the facility is running at 50% for 7 days, he thinks apple is looking at $3 billion and lost iPhone production or 4% of his firm's forecasted iPhone revenue for the December quarter. Even if the weight stretch, though, probably won't cause anybody to leave the Apple ecosystem. He and his C demand as deferred rather than lost, he's got an outperform rating on Apple shares and the price target of 190 bucks. We will do one more. This one from Barclays analyst Tim long. What would be iPhone buyers may not switch to Android a number of iPhone sales may actually go away in his estimation. His firm has cut 6 million pro units from the December quarter, they move 3 million to the March quarter, assuming some lost shipments will not recover. Also, he thinks his 6 million missed this quarter could be light. Local contacts believe that the shortfall will be 10 million units according to long. He's got an equal weight rating on Apple shares and a price target of $144. For the folks landing positive, a lot seems to hinge on things getting back to normal soon. Not saying they can't, but I wonder how reasonable that expectation is. Apple didn't say it was going to happen. The most the company's short statement said about a timeline was we are working closely with our supplier to return to normal production levels while ensuring the health and safety of every worker. Meanwhile, a piece from Apple insider says it seems to some that Foxconn was downplaying the severity of the COVID-19 outbreak at the iPhone city plant in zhengzhou, highlighting a report from The Wall Street Journal, the piece has interviews with some Foxconn workers and relatives of Foxconn workers saying the lockdown started earlier than outsiders knew. Additionally, there are accusations that Foxconn downplayed the severity of the illness with the company allegedly likening it to a cold. All of this seems to have bread and air of distrust. As employees return to work after a quarantine says oppo insider, some people didn't believe they had all tested negative instead, an unsubstantiated rumor claimed it was part of a plan to
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"I'm not spotted much in the way of analyst reaction to apple's announcements, though you can always count on web bush analyst Daniel Ives. Barons wrote up his response, which surprise was positive. According to the analyst, Apple releasing the new tablets and streaming devices in this backdrop of supply chain and production issues across Asia is a further flexing of their muscles and shows apple's unique ability to get products out in this market. The big winner is the top end of the tablet line in his estimation. Quoting the analyst again, I feel like the headline is really around M two chip because with then apple's loyal install base, this is the next gen iPad Pro that is unique to anything else in the market. I think that's really the distinguishing characteristic that could, even in a tougher macro, put fuel into an iPad upgrade cycle as we go into 2023. Mister Ives has an O so positive rating on Apple shares. As price target on the shares is 220 bucks. While new hardware is new, there is plenty of old stuff over which to bicker. Apple and cider has written up a report from the information that has two sources novel supply chain, saying that Apple has cut production on iPhone 14 plus. According to the report on the report, one source said, at least one manufacturer in China was told to halt production of iPhone 14 plus components, while it's procurement team reevaluates demand for the product. Additionally to suppliers further down the supply chain are said to have cut module assembly by 70% to 90% at the same time, Apple has reportedly asked one manufacturer to boost production at the pro and of the 14 line. While Apple insider doesn't call something on the report, the site does point out that the iPhone supply chain is large and complex and that trying to figure out what's happening for the whole thing based on a few links could be folly. The site also alludes to quote from nearly ten years ago now, even if a particular data point were factual, it would be impossible to interpret for our overall business, yields can vary supplier performance can vary. There's an inordinately long list of things that would make any single data point, not a great proxy for what's going on. Willing to call something on the piece from the information is Evercore analyst Ahmed daryanani. Apple three ran part of a note he wrote, saying that he was responding specifically to the information report, the analyst said that while news that Apple is taking down production of the iPhone plus two weeks post launch is kinda new, he and his would argue that this has long been expected and almost implied from the lead time data that we have tracked from Apple. While unit sales are looking flat, the ones that are selling are skewing more heavily towards the high end models pro and pro max, according to the analyst. While wait times for the consumer end of the 14 line stand at zero to 5 days in his estimation, demand on the pro end is still greater than 20 days. That shouldn't lead iPhone sales to an 8% rise in average selling price, likely leading to revenue that will beat the streets, expectations. There are none he has not performed rating on Apple shares. His price target on the shares is 190 bucks. On the Mac observer's daily observations, podcast, Matt geek, cab co host dame Hamilton is our guest today. And you will never guess what we talk about. I'm kidding. Dave and I recorded just a couple of hours after Apple announced all of its new hardware, here are some early thoughts on the daily observations podcast from the Mac observer, online at Mac observer dot com or wherever you get podcasts.
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"And iPhone? Depends who you ask and when. A piece from Barron's illustrates this well under the headline, Apple stock had an awful September, but the quarter wasn't half bad. Playing a solo game at ping Pong baron's points out the demand for iPhone 14 pro pro max started so strong Wedbush analyst Daniel Ives wonders slash wondered whether Apple would be able to meet holiday demand. They'd have seen by one Jeffrey's analyst has the analyst thinking iPhone 14 demand in China is not as strong as had been expected, there was the dreaded Bloomberg report from last week that had apple backing off of plans to increase iPhone 14 production. While Apple shares got the tar beaten out of them last week, down about 7%, they actually ended the September quarter up about 3%, according to barons that put the company on pace for its best quarterly performance since the first quarter of 2021. Rosenblat securities analyst Barton Crockett raised his rating on Apple shares from neutral to buy, he also upped his price target on the shares from $160 to 189, that got drowned out though when B of a analyst Wamsi Mohan downgraded the shares from buy to neutral, dropping his price target on the shares from $185 to 160. Taking an even tack was key bank analyst Brandon niss bowl. While noting near term negativity for Apple shares spurred by the Bloomberg report, he and his think that report is neutral to consensus expectations and would take advantage by buying on the pullback. He's got an overweight reading on Apple shares and a price target of $185. There are still more pro players than NT, where Apple shares are concerned of the 41 analyst track by fact sheets as barons, 78% rate the stock is a buy, 15%, say it's a hold N 7% rated as a cell. Want to play ping Pong with Apple sentiment yourself? It is easy. Just start reading Apple news. You'll find yourself drawn to both sides in no time. News like the latest from Evercore analyst Ahmet Derry and Nami. Apple three ran part of a note he wrote last week, wherein he indicated that wait times for iPhone 14 pro and iPhone 14 pro max have lengthened. Yes, he is aware of what everyone else is saying. Quoting his note, the iPhone 14 lineup has been available across most geographies for a few weeks now and lead times have expanded, not a typo, he says, since last week for the pro and pro max models across all geographies, we track, excluding Japan, by about one to 6 days. The strong demand is in stark contrast to recent concerns around demand slowdown, our assessment remains that while units will be stable to slightly up, the real story here is average selling prices will be up high single digits in the second half, enabling upside to not just the September quarter, but likely the December quarter. Hitting the ball back the other way, a piece from Mac rumors has electronics resellers, cells, cells saying that resale values of iPhone 14 and iPhone 14 plus, those would be the two consumer end models are way down compared to iPhone 13 and the iPhone 13 mini models at this point in their initial availability. Never mind the fact that iPhone 14 plus isn't actually available yet. Cell cell has already set there by and resell numbers it seems and it seems they will be low. That said, cell cell says units in the iPhone 14 pro and are actually performing better than last year's iPhone 13 pros, honestly, that whole piece seems sort of pointless. Except that it was a headline on Mac rumors and couldn't figure into a sentimental game of ping Pong. While everybody seems ready to call it for the consumer end of the iPhone 14 line, it looks like iPhone 14 plus is starting to put up a fight. Though it still showed launch day delivery of this Friday, the 7th of October on apple's site here in the states, a piece from Apple insider says wait times for the 14 plus are starting to slip on other parts of the planet. Taking a look at JPMorgan's Apple product availability tracker, the site says the silver lining for the iPhone 14 is the iPhone 14 plus. As the October 7th release date nearest, the lead times for that model are starting to extend beyond the first date of availability in most regions, except the U.S.. JPMorgan reckons, this is a sign the model is finding favor with consumers as the release gets closer. Such was the case when Apple insider wrote its report. Though it seems weights are building for the phone here in the states as well. I bugged around an Apple site Sunday Night and found at least some iPhone 14 plus units showing delivery between the 11th of October and the 13th had I placed an order last night. That was true for every color and storage capacity I tried. They didn't try them all, but I did try a whole bunch. More good news for the consumer end of the iPhone 14 line, the Evercore note I mentioned earlier had mister darion on the noting extended lead times for the consumer end of the line in Japan. Quoting his note, Japan the scene continued extended lead times for the 128 gigabyte midnight and starlight versions of the iPhone 14. So far, Japan remains the only country to show consumer preference toward storage size or color in the current cycle. He also says that iPhone demand in countries like China and India is not only strong, but skewing toward the high end models, the outperform rating on Apple shares, his price target on the shares is $190. Let's go one more round. Putting some spin on his serve is display supply chain consultants analyst, Ross young. 9 to 5 Mac has him saying that orders for the consumer end of the line for apple's latest phones are down 38% versus orders last year for the consumer end of the iPhone 13 line. But the piece says iPhone 14 pro max panel orders are 18% higher than the iPhone 13 pro max, additionally, orders for iPhone 14 plus panels are said by the display analyst to be notably higher than last year's orders for iPhone 13 mini. While the piece doesn't lay out numbers on that, they must not be insignificant. By his reckoning 9 to 5 max says, total iPhone 14 panel orders this year are slightly higher than iPhone 13 at the same time last year. Due primarily to that increased iPhone 14 pro max demand. So what is going on with Apple shares and iPhone? Depends who you ask and when I kind of wondered when the first of these stories would come through. One would hope that stories of apple's crash detection working properly in the wild would involve first responders getting word of an accident that might otherwise have gone unnoticed, getting there in the Nick of time and saving all involved.
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"A theme. It's not just me. Yesterday I told you of a post from Bloomberg under the headline, Apple ditches iPhone production increase after demand, falters. I also questioned the headlines assertions and everything I had seen had indicated that sales for the iPhone 14 in terms of units had for weeks, maybe months and expected to match sales of iPhone 13, no more, no less. Happy to say, it's not just me. A few analysts responded Wednesday, the Bloomberg story with reactions ranging from huh to nah uh we'll start with Twitter where we find TF international analyst Ming Chi quo questioning slash refuting the report, he says the report sounds a little bit weird. That is a quote. In a series of tweets, the analyst said that Apple had production switch plans from iPhone 1414 plus to iPhone 14 pro and 14 pro max, but he hadn't heard anything about an overall iPhone production increased plan. He also indicates that Apple might be cranking out more iPhone 13s than previously intended. While noting a lackluster demand for the consumer and the line, the analyst reiterated his forecast of a 10% increase in sales for this year's pro phones leading to a higher average selling price or ASP for iPhone in the December quarter. He then doubles down on unit numbers staying the same. Saying the order increase for iPhone 14 pro 14 pro max and price cut 13 could offset the potential order cut of iPhone 14 and 14 plus. That keeps them expecting iPhone unit numbers to be flat. All of that said, he says, I predict that Apple will likely offer a positive outlook for fourth quarter 22 with the next earning call, assuming iPhone shipments won't decline significantly starting December. Now I cryptically called for a rough day for Apple shares after the Bloomberg report. That was the have a good Wednesday comment. I made yesterday. Not cryptic at all in such a prediction was Wedbush analyst Daniel Ives. Apple three posted part of a note he wrote Wednesday, I assume, before the market's opened, his concern was that the negative Bloomberg news in light of an already shaky macro and jittery market would send shockwaves across the street with investors concerned. This is another shoe to drop in this dark market with golden child Apple front and center. Quick aside, it only played out that way for Apple. A piece from Reuters illustrates that saying Wall Street ended sharply higher on Wednesday following its recent sell off, helped by falling treasury yields while Apple dropped on concerns about demand for iPhone. Ives was not a fan of the Bloomberg piece. Arguing that the headline of not increasing production, about 6 million units, overshadows the underlying story for iPhone 14 pro demand that is currently playing out in the field. After pointing to high rates of adoption for iPhone 14s pro and versus the consumer side and what that will mean for iPhone ASPs, the analyst address, the fewer iPhones information saying, as we have discussed, initial iPhone 14 units was roughly 90 million and is in line with iPhone 13. And that remains firm unchanged. However, the mix is heavily shifted towards pro, while the base model iPhone sales have clearly been underwhelming and softer than Apple expected. Mister Ives has now performed rating on Apple shares, his price target on the shares is $220. One more analyst calling bowl nagin's on the Bloomberg story was Morgan Stanley's Eric woodring. Apple insider had him doing the Daniel Einstein, pointing to long waits for the higher priced iPhone 14 pro phones, the piece also had the analyst indicating that the build estimates for the iPhone 14 are in line with his firm's predictions for production. Predictions for production is my system of a down cover band, by the way, we're Friday night at the rickshaw 9 p.m.. Tell your Friends. While we're never, ever, ever going to hear iPhone unit sales numbers from Apple again ever, we will get some much craved color from the company in just under a month. Apple let the planet know Wednesday when it will report fourth quarter fiscal year 2022 revenue and earnings. Would you like for me to tell you? Do you want to know? Do ya? Okay. Apple's investor page says those are set for Thursday, the 27th of October. They will be released by a press release after the closing bell, then roughly half an hour later, 2 p.m. Pacific, 5 p.m. eastern, execs will hop on the phone with analysts for a good old fashioned chin wack. You can listen to that as it happens on Apple site, the company will make it available as a podcast soon after, and we will hit lights both high and low on Friday the 28th of October, and if you missed any of that, don't worry, I will be repeating it a lot between now and the 27th of October. It was a fairly busy day on Twitter for TF international analyst Ming Chi quo. After calling the Bloomberg assertions into question and stressing strength for the pro end of the iPhone 14 line, he took a couple of tweets to do something between extrapolation and prognostication. The first he used once again point to strength scene for apple's latest pro phones. That led to the second tweets prediction, I think this result will encourage Apple to create more differentiation between iPhone 15 pro max and 15 pro to raise 15 pro max shipments and enhance the iPhone product mix. iPhone 15 pro iPhone 15 pro ultra, iPhone 15 ultra pro. Whatever. He also had thoughts on Apple car, busy, Twitter day, as I say. One tweet this time, short and tweet my latest survey indicates that Apple will likely build the new Apple car project team before the end of 2022. Happy holidays. An interesting story Wednesday about Apple and its silicon supplier, TSMC, the Mac observer highlights a report that originated with the Taiwanese site UDN. According to that, TSMC planned to raise its chip prices by 6% to 9%, that is a plan that Apple has reportedly refused. You can see where TSMC would think it could do that. It is, as the piece points out, the world's leading advanced semiconductor manufacturer, it also supplies all of apple's significant processors at this point. At the same time, business with Apple accounts for more than a quarter of TSMC's total revenue, so you can see where Apple could think it could refuse the increase. Honestly, it could be that Apple doesn't want to be punished for the sins of others. According to TM mo, TSMC has struggled with understanding real demand for its products recently, clients have been prone to ordering more chips than needed, hoping to secure production line space during a time of semiconductor shortage when demand for the client's products fails to coalesce, they cancel those orders.
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"Communication and iPhone 14 and iPhone 13 is for somebody to go in on it with Apple. Not kidding. TF international analyst Ming Chi quo hit with a ten point medium post on Monday. Full of some stuff that was encouraging. And some that was kind of disheartening. Let's lead with the good. So I'd like communication is good to go for iPhone 14 and it seems iPhone 13, the fast phone news is kind of surprising and not point the analyst says I learned that Apple had already completed the hardware development of sunlight communication in the iPhone 13, the lack of support is because the business model had not been negotiated. That appears to be the only sticking point for iPhone 14 as well. Like most analysts sees global star as apple's most likely satellite partner. Will the world get a satellite iPhone announcement next week's far out media event? Well, Apple star studded invitation might make one thing so Ming Chi quo was playing that one safe. Hard to predict precisely when the iPhone will offer satellite communication service, writes the analyst, but I believe it will happen eventually. Here's hoping I mentioned a disheartening part of his post, yeah, the very first point in his list, the increasing frequency of natural disasters and geopolitical conflicts in recent years will likely make emergency texting and voice services by a satellite communications, a must have smartphone feature. How's your day going? I got a couple of headlines around the iPad production on Monday that left me scratching my head. You may remember reports from a couple of weeks ago that had an iPad production grinding to a halt in China's Sichuan province. The government there shut down all manufacturing as temperatures soared over 105°F and power for air conditioning for citizens was prioritized over power for factories. That was supposed to stretch until the 20th of August, though shun offs went longer than that. At least some factories are back up and running now. And conditions under which they reopen led to confusing headlines. One from Apple and cider said, Foxconn reopens iPad plant with priority power grant from China, while another from 9 to 5 max said, Apple supplier Foxconn, Toyota, restart Sichuan plants, as heat wave eases. Funny thing is they were both working from the same source, a piece from nikkei Asia. That piece says both. That the heat wave has broken and the authorities appear to be supplying Foxconn, also known as hanhai precision industry with power on a priority basis, taking into consideration the economic impact on the region. According to the report, the Chengdu factory of Foxconn, which assembles iPads for Apple began to operate at normal capacity again on Thursday, the 25th of August, a person close to the factory confirmed. Lead times for Apple products are looking pretty good. iPad not included. That is the word from JPMorgan's global product lead time tracker, according to a piece from Apple and cider. It makes sense that iPad weights would be long. It's been hot in China, don't you know? Otherwise the piece says lead times for orders, generally moderated or remained stable for all product categories. Off the shelf, if you're looking at roughly a week for a mark according to JPMorgan, the wait for Apple watch is about four days. The wait for an iPhone is a couple of days and the wait for a pair of AirPods is down to a single day. A couple of points of note first, these are global average wait times. Your mileage may vary depending on where you measure those miles. Second, it's all about to get chunked out the window. Apple will almost definitely announce new iPhones and the Apple watches next week, one sorters begin waits for those will likely stretch out weeks as they do every time new iPhones and Apple watches are introduced. That said the current wait time for various products is not useless information. If we can be relatively certain that Apple supply chain is running smoothly, wait times for new products will probably be read as indicative of demand rather than a hard to read mix of demand and supply chain issues. iPad not included. A note of praise for Apple and its CEO from Wedbush analyst Daniel Ives on Monday Apple three ran part of a note he wrote wherein he predicted strength for iPhone 14 with a side of can you believe cooking company pulled it off? On the phone, the analyst says he and his are still looking for a 90 million unit launch about even with last year's iPhone 13 launch, they believe that the pro and pro max phones will see a price increase of $100 and they see a run of about 220 million upgrades in fiscal year 2023 driven by pent up demand, though held down a bit by general macroeconomic concerns. As for the praising, I've notes as despite the zero COVID shutdowns in China that disrupted the Asia supply chain across the board in March through may and caused some white knuckles on Wall Street, Apple CEO Tim Cook, yet again navigated Cupertino through the storm, and now was set for another flagship iPhone upgrade cycle. Mister Ives has an outperform rating on Apple shares. His price target on the shares is 200 $20. More news
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"Whatever the reason the piece from Apple insider says orders are being taken for USB-C, the MagSafe charging cables in midnight, starlight and space gray, they're being taken for silver as well, but silver was already out there. Having already been a thing, you can order the silver cord and get it delivered this week, checking Sunday afternoon, the rest show delivery between the 19th of July and the 21st of July paying an extra 8 bucks shows delivery between the 18th of July and the 20th Apple also says that the new colors will be available in stores from the 20th of July, the cord itself will run buyers 49 bucks. As new Macs make the scene a number of older machines are slowly being shown the exit. Mac rumors as a number of Macs and a couple of iPads are hitting the vintage list at the end of this month, that list includes the first MacBook Pro with the touch bar according to the report. Quoting the piece, the first MacBook Pro models with the touch bar were released in October of 2016 as part of a complete redesign of the MacBook Pro, other new features included a thinner and lighter chassis, the much maligned butterfly keyboard touch ID, a larger trackpad, and the removal of all ports except for thunderbolt ports and the headphone Jack. That is a lot of doings that Apple has started to undo in more recent models. In addition to the three 2016 MacBook pros, apple's also adding a 2016 MacBook, a 2015 MacBook Air, two 2015 IMAX, and two 9.7 inch iPad pros, one with cellular, one without to the vintage list, you can see exactly which models are affected in the Mac rumors article, the vintage designation means the machines will be eligible for service or repair, but only if the necessary parts are available. Expect higher prices for iPhone 14, that is the word from Wedbush analyst Daniel Ives, the Apple bowl spoke to the UK paper, the sun saying he and his believe a $100 price increase is coming for apple's next communicator. According to the analyst, prices have been increasing across the whole supply chain and Cupertino needs to pass these costs to the consumers on this release. What we need is a funny word, isn't it? I'm just not performing on Apple shares, his price target on the shares is 200 bucks. Not everybody agrees with Ives on the increase. CSS insight analyst Ben wood gets why Apple might raise iPhone prices. Noting that production and component costs continue to rise for all consumer electronics makers that said, he tells the sun, given the cost of living headwinds, the Cupertino company may decide that increasing prices could be counterproductive. If you've been having problems charging the 6th generation iPad mini since the last software update, it's not just you. Cult of max has a number of iPad many users are having issues charging the tablet after installing iPadOS 15.5. In a memo to support staff, Apple has said to have suggested telling users to completely restart the device, though the cult calls that a temporary fix, folks who have tried it, say the charging problems resurface in three or four days. The piece says Apple indicates in the memo that service providers should not replace the battery nor replace the tablet since the problem is not a hardware issue, but one having to do with software. If you haven't gotten around to updating diversion 15.5, cult of Mac says, hold off for the next iPadOS update, whether that'll be iPadOS 15.6 or a 15.51 fix remains to be seen. More news in a moment, but first a word from notion. One workspace for your whole team. Working by myself, I sometimes miss good project oriented working relationships. But here's the thing. A lot of times I miss those when I was working with other people as well. I was on a virtual reality project one time where a company said that they would build a certain experience for the group I was working with. Two weeks later, they came back and said, we never said that. I had it in my handwritten notes, but we didn't have one place where everybody could see and agree to what was being said. We could have used notion, an all in one
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"Piece from Apple three dot O had Huberty saying the WWDC keynote once again brought out what we believe is the most compelling characteristic of the company, apple's deep focus on in the house hardware and software innovation combined with an increasing set of features that allows apple's platform products and services to function more uniformly, ultimately providing an unmatched user experience. Puberty has an overweight rating on Apple shares, her price target on the shares is $195. Web bush analyst Daniel Ives seemed of two minds on the keynote, though both sides were pleased while the highlight was the news around iOS 16 and his estimation, specifically Apple Pay later, the biggest announcement of the day was unveiling two new MacBook models using apple's new and innovative M two chip, according to the analyst. He was actually on CNBC, making that case midday Monday. I was posted a clip of himself on CNBC to Twitter, there he said, Apple has more control over its ecosystem. It's no longer just waiting for Intel to pick up the phone. They're beating in tell at their own game, it's a negative for Intel. It's another gut punch. Saying that M two gives Apple more control over its ecosystem. And on the business side, better margins as well, the analyst I did, that's another tale, and that's why this is so important. Remember the haters that say innovation is in the rearview mirror, look at them too. They're beating chip companies at their own game. That is too big votes for innovation at Apple. I'm certain outperform rating on apple's shares. His price target on the shares is 200 bucks. Evercore analyst on their rental list of top 6 takeaways from Monday's keynote, pulling out three of those apple is adding live sports scores and standings to apple news, which will effectively make the news app a competitor to popular sports scores apps like ESPN and CBS sports, this likely won't get much attention, but we think it is meaningful as news as one of the only platforms where Apple sells advertising space and we continue to think live sports is a sizable opportunity. Apple CarPlay remains an underappreciated platform and the new changes signal greater integration with the real-time operating systems used by automakers, this will expand car play to all the information displays in the vehicle rather than just the infotainment screen. And finally, the matter smart home standard will be officially launched, enabling interoperability between apple's smart devices and other major manufacturers, Google, Amazon, et cetera. Most of the rest of the list was computers and processors. We've talked about those. Net net wrote the analyst, the event announced features that should accelerate numerous growth factors, including Apple Pay, Apple sports, and Apple car, while also building upon apple's best in class operating systems and silicon. Has an outperform rating on Apple shares. His price target on the shares is 210 bucks. More news in a moment, but first award from collide. And point security powered by people. A lot of times dealing with security issues can feel like being a 6 year old. Do what I say because I said so. Collide does a better idea. Tell your team why they need to take the security steps that you need them to take. Not in the manual, not in the meeting, not in the lengthy email collide sends employees important, timely and relevant security recommendations for their Linux, Mac, and Windows devices, right inside slack. I work for myself and I check slack all the time. This is going where your people are and bringing them along to make their work and.
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"After a day of fun and various realities, let us go back to the production line. Barron's ran a piece to end the week last week that had JPMorgan indicating that iPhone 14 production could be worse than veered. According to the piece, analysts led by William Yang said they have a more conservative view on Bill estimates than what the supply chain expects. Theirs is not the only conservative view though. Last week Bloomberg ran a piece calling for iPhone 14 production to be even with production of iPhone 13. Still, JPMorgan says that there will be fewer iPhone 14s than there were iPhone 13s, that is reflective of smartphone demand weakness and cost pressures, according to the report. Okay, is it that? Or is it continued trouble in the supply chain? The demand would be down in tough economic times does seem sensible, but JPMorgan also says China's manufacturing problems in the wake of strict lockdowns to prevent the spread of COVID-19 May hit output of apple's next iPhone worse than the industry expects. So which is it? One wonders whether both would be kind of a good thing. If demand is down, but Apple is still unable to keep up with demand. That looks pretty good from the outside. You know, as long as revenue stays gold. Questions around the health of iPhone orders and manufacturing will likely go on and on and on until things are decidedly and obviously better. Late last week, TF international analyst Ming Chi quo hinted at trouble for the Jesus phone, saying on Twitter that Apple has not changed its shipping plans, but adding that iPhone 14s challenges will come from the demand side instead of the supply side. The assumption is that that is a sign of the times, not the sign of disinterest, and iPhone. See also Samsung. Over the weekend, TechCrunch runner reports saying that the Korean electronics giant has reportedly cut smartphone production by 30 million units. According to the piece, it is a perfect storm of industry and global factors that have gotten us to this place. It's not panic time for large manufacturers that will almost certainly come out of the dip unscathed, but there are broader questions that remain about the industry going forward. Biggest a ball is whether it is a lull following a decade of explosive smartphone sales, or whether or not even the arrival of new technologies like foldable screens will kickstart a return to the mobile golden age. You know, this sounds like a job for a whole new product category. Also, I really like that whole perfect storm idea. Economic uncertainty is far from the only issue kinking the supply chain. Business Insider and a piece to end the week last week, saying that quanta workers have had another run in with authorities over working conditions. Namely being stuck there since the start of April. Quanta, which makes macbooks for Apple and other computers for other companies has been able to keep running through various COVID related lockdowns by employing a closed loop system. Basically, workers can go to their dorms or to work or to their dorms or to work, yeah, it's about it. And that seems to be taking a toll. Earlier this month, we heard a variety at a quanta facility in Shanghai after workers weren't allowed to return to their dorms. Now Business Insider sites reports from regional media saying a dispute over their captivity and pay prompted a large group of quantum workers to storm a dormitory housing the company's Taiwanese managers resulting in a lengthy standoff. Decidedly little else around this story, unfortunately, though the Business Insider piece was only posted on Friday, the 27th of May, the incident was said to have happened over the weekend of Saturday, the 21st. Neither Apple nor quanta offered comment for the Business Insider report. Boy, that's pretty gloom and doom for the week's second Monday, huh? How about a bright spot? Wedbush analyst Daniel Ives took to Twitter on the week's first Monday the post of a supply chain upswing. In the first of a couple of tweets, I've said over the last week, including this weekend, we are seeing from our checks a clear improvement in the supply chain in Asia for names like Apple and other chip players, which is a much needed positive headed into the second half of 2022. He went on to say in the second post while spots around zero COVID are popping up in China. We are seeing a strong production trajectory headed into June for stalwart names such as Apple, good for iPhone 14 ramp, and Tesla, which are key barometers for the overall market and this painful hot.
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"Can. Premium smartphones grow at their highest level ever last year and Apple sold most of them. That is, according to the latest numbers from counterpoint research. The firm counts premium smartphones as those with a wholesale average selling price of over $400, according to a counterpoint press release on Wednesday, sales of such phones grew 24% in 2021 versus 2020 reaching their highest level so far. By the firm's reckoning, phones over $400 accounted for 27% of all smartphones sold worldwide in 2021. As for apple's place in that, the release has apple continually the market reaching the 60% sales share mark for the first time since 2017, driven by strong 5G upgrades for the iPhone 12 and iPhone 13 series. The delayed launch of Apple devices in 2020 also pushed demand to 2021. According to counterpoint count, no other phone maker is close to Apple in the premium space. Apple 60% share of the premium smartphone market is followed by Samsung and second, with a much smaller 17% share every other smartphone maker is in single digits. Or smaller. In terms of connectivity, 5G has become the coin of the realm that said, the firm says four G continues to have share driven by the older iPhones, 11 and SE 2020 and the Samsung S 20 FE. Of course, iPhone SE just went 5G as a more Samsung phones. So you can expect LTE offerings in the premium space to shrink in short order. When it comes to apple's dominance of the premium smartphone space, one might well expect more of the same. Apple cider has written up a note from JPMorgan analyst Sami Chatterjee, according to that note, iPhone 13 is crushing it. The piece has Chatterjee indicating that sales of the 13 line remain elevated compared to prior lineups despite supply constraints. According to the piece, Chatterjee writes that incremental data points support the investment banks positive outlook for iPhone 13 demand in 2022, in fact, Chatterjee predicts record 2022 volumes on the iPhone 13 cycle, which has a clipped iPhone 12. That said, carry your check show a bit of a slowdown in iPhone sales, that's due partly to the launch of Samsung Galaxy S 22 and partly other Android phone makers working through their supply chain issues. When I say a bit of a slowdown though, I do mean a bet the piece has Chatterjee indicating that shares of apple's iPhone moderated to below 70% and Verizon and T mobile stores sure Apple would rather see 70 or above, but they're not below 50. They're not below 60. They're not doing bad. According to the analyst, Apple share remains above historical levels compared to typical seasonal share and wave 7 research believes that data supports a structurally higher market share versus past share. Plus, they've got a whole new phone, not sure you've heard. Quoting the analyst again with the recent launch of iPhone SE three, we expect older models to continue their decline in popularity as the 5G enabled SE three now presents an affordable 5G phone for the installed base of older phones. Cheddar G has a positive rating on apple's shares. His price target on the shares is 210 bucks. While JPMorgan's strategy was focused on the states and his Wednesday note, Wedbush analyst Daniel Ives was going global and coming back just as into. Apple three zero ran part of the note he wrote, quoting part of that part based on our recent supply chain checks in Asia, we believe apple is seeing stellar iPhone 13 demand globally on this elongated product cycle, which is the drum roll, which is the drum roll to iPhone 14 this fall really already we're going to do this already is note goes on to say supply chain shortages continue to be an issue for Cupertino, however we are seeing some discernible improvements in the June quarter, which bodes well for the upcoming iPhone 14 release. Already? While he has been awake since the first of the year, he thinks the flight from tech has been a bit much. Quoting his note again, we believe the tech sector is as oversold as we have seen in the last 5 years and we would strongly be buying cloud software, cybersecurity, chips, and stalwart tech names led by fang that's Facebook, Amazon, Apple, Netflix and Google with Apple, our clear favorite. Apple is his favorite 5G play according to the note. Additionally, he and his believe the company is setting up for a monster growth cycle over the next 12 to 18 months that is not baked in the shares at current levels. Ibes is now perform rating on that bull shares. His price target on the shares is 200 bucks. Newsom and interesting Apple acquisition that may mean a new home for apple card. Mac rumors has the Cupertino company has purchased the UK banking startup credit kudos according to the report credit kudos offers insights and scores based on loan applications drawn from transaction and loan outcome banking data, sourced by the UK's open banking framework. The company's website says its API offers lenders a way to get faster, automated decision making about loans with reduced risk and higher rates of acceptance. We know Apple bought it because the terms of service on the credit kudos website now redirect to apples, terms of use, as for apple's plan for credit kudos, no one outside of the company's nose for sure. But a number of sites, including Mac rumors think it is plausible that the credit kudos technology could aid apple with the launch of apple card in the UK. Not the only idea bandied about? But plausible. More news in a moment, but first a word from notion. One workspace for your whole team. How many good jobs are undone by poor communication? I know what's happened to me, one person says one thing, somebody else says something else, no one has a clear idea of.
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"The first day of trading for 2022 was the day while a piece from TechCrunch says there's a bit of quibbling just about every financial in tech site seems to agree that Monday, the 3rd of January 2022 was the day that Apple became the first publicly traded company with a market value of $3 trillion. The quibbling by the way is between some who say Apple crested 3 trillion while others say shares stalled at 2.99 trillion. Doesn't sound like a lot until one remembers as TechCrunch pointed out that the difference between those two amounts is ten $1 billion. Assuming the three team number, TechCrunch puts it in context. Less than 5 years ago May of 2017, Crunchbase pointed out that alphabet, Amazon, apple, Facebook, and Microsoft together were approaching a combined market cap of $3 trillion. Now apple is there by itself. See that goes a bit more global and its contextualization, saying it $3 trillion, apple's value is greater than the annual economic output of the UK, France, India, or Italy, according to data collected by the World Bank, only Germany, Japan, China, and the U.S. are larger. What changed? Well, probably more things than we can count the TechCrunch piece gives a lot of credit to COVID-19. The pandemic revalued tech companies according to the report, giving them far more value per dollar of revenue than before. Micro at Apple insider had an interesting editorial on the milestone. That came under the headline, apple's $3 trillion valuation is the least interesting news about the company. If you'll pardon my two cents, meh. I mean he's not wrong when he says news of the $3 trillion in valuation as far less important and notable than what the company has in mind for the future and how it gets done. At the same time the three T is indicative of sentiment around Apple. It's indicative of investor belief in what the company has in mind for the future, which theoretically helps fund how it gets done. Still props to him for his jud Bartlett ask what's next. What's next by the way our VR AR and Apple car in his estimation, the way wordle sees it, the $3 trillion valuation has no impact on what Apple plans on doing or on the road map that it's set years ago. And now the punchline, apple's current market valuation is not $3 trillion, no quibbling about it. While Apple made history on Monday by being the first company with a $3 trillion valuation, it could not hold that mark according to seeing that around ten 45 a.m. on Monday, January, the third Apple stock hit $182 and 86 cents per share, which when multiplied by the 16.4 billion shares outstanding, values apple at about $3 trillion. One 82 86 was the magic price Apple hit that Apple passed that. Then shares were treated a tiny bit. That said it was a record day all round. Mac daily news says shares in the Cupertino company hit new intraday and closing highs on the first trading day of the year. They got as high as $182 and 88 cents before giving back almost a buck, shares ended the day at one 82 O two, leaving Apple with a market value of 2.986 $1 trillion. Seems to have been a hoppin holiday season for AirPods, CNBC has new guesstimate from TF and national analyst Ming Chi quo. According to young MC, Apple sold 90 million pairs of AirPods during the December quarter, the way he sees it sales last quarter will translate to 20% year over year revenue growth for apple's wearable gadgets business, according to CNBC. The analyst says 27 million of the 90 million pairs of AirPods where the newest version of the entry level earbuds AirPods series three introduced last fall. Outside of that, he did not break out sales of individual models. That gives him something in common with the Cupertino company. CNBC points out that Apple doesn't break out its wearables revenue, lumping them instead. And it's other products line item that said apple's other products took in close to $13 billion in revenue in the December quarter of 2020, making that a number to watch. Get it, wearables, watch. Does the fun ever start? Bigger than sales of AirPods, literally and figuratively are sales of iPhone. Macros is how to look at a note from wet bush analyst Daniel Ives. He says apple sold over 40 million phones from the iPhone 13 line last quarter. If those numbers hold, that would put sales in record territory despite problems in the supply chain. That said, Ives thinks Apple could have sold more iPhones if it had more iPhones to sell. Quoting his note, based on our supply chain checks over the last few weeks, we believe demand is outstripping supply for Apple by roughly 12 million units in December quarter, which now we'll add to the tailwinds for Cupertino and the March and June quarters as the supply chain issues ease in the first half of 2022. I am issued his note on Sunday just hours before apple's $3 trillion milestone. As he has for some time, he predicted Apple hitting that Mark soon. Thanks to both hardware and services. Apple three posted more of his note, quoting that note again, the linchpin to apple's valuation re rating remains its services business, which we believe is worth $1.5 trillion in the eyes of the street. Coupled by its flagship hardware ecosystem, which is in the midst of the strongest product cycle in over a decade, led by iPhone 13. Ives thinks apple's services will pass $100 billion in annual revenue by 2024, according to his note. As for the three T milestone, Ives argued hitting $3 trillion will be another watershed moment for Apple as the company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino. Ives has an outperform rating on Apple shares, his price target on the shares is $200. Seeming to prove what Bush analyst Daniel Ives write, Apple started the year pushing one of its services alongside a piece of hardware with which it is paired. 9 to 5 max as Apple on Monday turned over its landing page to a promotion for fitness plus and Apple watch. When you access Apple dot.
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"He wrote Monday wherein he set a new street high price target for Apple shares. He did so based partly on iPhone strength and partly on the strength of an iPhone he sees coming. Quoting his note, what the iPhone 13 demand and supply remaining the key focus, we believe investors continue to underappreciate the positive momentum likely with the upcoming 5G iPhone SE launch in 2022 as the most affordable 5G iPhone in the lineup and driving upgrades from consumers leveraging older generations of iPhones as well as substantial switching activity from the broad group of Android users who are increasingly looking to upgrade to a 5G device. Not only do he and his think of 5G iPhone SE will hit in the first half of next year. They also think Apple will start updating iPhone SE every year, that'll keep new iPhones available at every price point in his estimation. Mister chatterer has an overweight rating on Apple shares. He used Monday's note to up his price target on the shares from $180 to 210 bucks, the highest target on the street for now, I look forward to reading Daniel Ives $215 target note later this week. I'm kidding. Maybe. Word on the screen has apple at the wrong end of a U.S. Department of Labor investigation, seeing that highlights a report from The New York Times that ties the investigation to complaints by an engineering manager who complained about a hostile work environment at the company. She has since been fired by Apple, CNET was not able to reach the former employee for comment the site also received no comment from Apple and the Department of Labor. Put Poland on the list of countries with apple and its crosshairs apple insiders as the country's anti monopoly watchdog is looking into apple's implementation of app tracking transparency. That's the iOS feature that lets users tell apps not to track their activity across other apps and the web for the purpose of building profiles on them and targeting them with ads. It's not that Poland is against user privacy necessarily, rather the stated concern is whether Apple is playing by the rules that it has imposed on others. The piece quotes the head of the anti monopoly regulator saying we want to examine whether apple's actions may be aimed at eliminating competitors in the market for personalized advertising services. The objective being to better sell their own service, we will investigate whether this is a case of exclusionary abuse of market power. No word in the piece on the timeline for the investigation. How much does Apple want more people using Apple card enough to pay them $75 in daily cash? I'm more, says the Cupertino company has started emailing Apple card holders telling them to tell their friends..
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"Record day on Monday and it is up to you to decide why. A piece from Motley Fool, credits the Apple card talk for at least part of the boost. Despite concerns about supply chain constraints, the piece as apple's iPhone first strategy of prioritizing production and shipment of smartphones means Santa should have less difficulty getting hold of iPhone 13s in time for Christmas delivery. The piece points out that that seems to be happening at iPads expense. Of course, we heard indication that that would be the case on apple's most recent earnings call. That's when Apple CFO, Luca maestri stressed that every Apple product category was likely to see healthy growth this quarter except for iPad sales of which would decline. There have also been reports that Apple has cut iPad production significantly to assure enough iPhones to go around for the 7 days of kwanza, the 8 days of Hanukkah and 12 days of Christmas. Today is so today though the full thing spokes may be pitching their thoughts a bit further down the road. Quoting the piece again, investors may be looking past the seasonal device sales news entirely today to focus instead on news of apple's future electric car. In a note Monday morning, Yahoo. News quoted what Bush securities analyst Daniel Ives estimating that there was a 75% 80% plus chance that Apple will build the car that Bloomberg reported on last week. Indeed, the analyst goes so far as to say that this is a matter of when not if need for later, but near future is where many focus their attention. If it is the start of a new week, it is time for another note from JPMorgan analysts to make Chatterjee trying to gaze iPhone production based on delivery times. I don't know why he keeps doing it. A couple of weeks ago, Apple posted a date by which one would need to order an iPhone 13 to get it delivered by the 24th of December. The date was and remains the 22nd of December. Apple has thrown iPad under the bus to make sure there are plenty of iPhones right now. It seems to me and who am I, but it seems to me that all iPhone health can tell is right now is how healthy iPhone is right now, not how healthy the supply chain is overall. Anyway, iPhone is pretty healthy right now. It seems, although still elevated compared to the iPhone 12, a piece on strategy's note from Apple insider says,.
Mac OS Ken
"daniel ives" Discussed on Mac OS Ken
"That Bloomberg report I told you about yesterday, the one that had Apple reportedly cutting iPhone 13 orders this quarter by 10 million units thanks to a lack of processors from Broadcom in Texas Instruments. Lots of forget about it today from the financial front. Apple three ran part of a note from Morgan Stanley analyst Katie Huberty if people are selling. She says she's buying. After saying that she and hers have heard nothing concrete about iPhone production bottlenecks, Huberty's note says regardless of whether supply challenges become more pronounced near term, we'd remind investors of three data points that support a by the view on the back of supply driven disruption. Those are said by the analysts to include preferential treatment from suppliers and ability to beat the odds as witness from the start of the pandemic through the end of 2020, and the customer base that will wait for iPhones to be available rather than jump ship. Puberty has an overweight rating on Apple shares, or a price target on the shares is $168. Coming in just as bullish as Wedbush analyst Daniel Ives. That piece from Apple insider gathered up the thoughts of a few analysts, including his, like puberty, Ives, things would be iPhone buyers will wait. Taking a step back, he writes 5 million to 10 million units moving out of the December quarter into the March quarter due to well understood supply chain issues is not a worry for us and ultimately speaks to a stronger demand trajectory than the street had been anticipating. He is double plus positive on Apple shares, his price target on the shares is $185. JPMorgan analysts amygdala says analysts should have seen production cuts coming or really that cuts should not be completely surprising. While every 5 million iPhones postponed is about ten cents off December quarter earnings per share in his estimation, those phones will eventually be made and sold. Quoting Apple insider, chattery notes that JPMorgan has continuing to see demand and interest for the iPhone 13 lineup, tracking better than investor expectations. He says the supply issues may only push the timing of upside for apple investors. He digs Apple shares in a positive way, his price target on the shares is $180. I have no use for Goldman Sachs analyst rod hall, where apple is concerned. He has been nothing but wrong on the company for at least a couple of years now. Apple insider chose to include him in their roundup for some reason. I guess it is worth mentioning that not every analyst is shrugging off the Bloomberg report, but E or is always going to be E or why ask him about the weather. Rod hall has a hold reading on Apple shares, his price target on the shares is $140. Now the punchline. There may be no iPhone production reduction. Mac rumors highlights a pay walled report from digit times that says component suppliers for apple's new iPhones have claimed no cut back in orders thus far this year. When it comes to product rumors, I tend to distrust digit times. When it comes to the supply chain, I don't know how far I trust the site, but what they say is worth noting. Even if the Bloomberg story is correct, it's not that big of a deal, according to oh. It's not that big of a deal, according to another report from Bloomberg. Earlier this year, a Bloomberg says, Bloomberg said that Apple had ordered roughly 90 million iPhone 13s through years and that would have been a 20% increase from the 75 million units that it is typically ordered in previous years according to the report. Lop 10 million off the 90 million and the latest Bloomberg piece as you're still ahead of where iPhone 12 was at a similar time in its initial run. Yes, there are things to worry about, but the Bloomberg report isn't one of them so says the other Bloomberg report. NDAs have ended for the Apple watch series 7 reviews. The verdict looks like Apple has another winner on its hands or your wrists. Apple must pull money quotes from a slew of sources, TechCrunch, the independent and CNBC, all see the bigger screen as a big improvement, I knew like the bigger display as well, though they don't see the need for an upgrade unless you're a sporting a series three or earlier. And gadget seems to feel the same way for any one sporting a series 5 or earlier. I didn't see one dang against the series 7 that I kind of felt as well. Apple and cider also gathered a number of reviews, including one from marques brownlee. Quoting the site. He is disappointed with the range of colors now available particularly for the base aluminum model. Apple doesn't offer a neutral color for the aluminum baseline Apple watch. He says, I repeat no neutral colored aluminum. I know some people might consider the starlight model pretty neutral he says. But it definitely has a warmer hue than a silver wood and midnight has a slight blue hue much more than a black wood. I wondered about that. I suspect the midnight model had in my way will be close enough to black or space gray for me. That would have been happy going brushed aluminum again, no. Anyway, if you're cool with the colors, brownlee says the series 7 is the best overall smart watch for the iPhone still. Make way for another big bunch of beta updates, apple inside around a couple of reports Wednesday, one of those says that the fourth betas of iOS, iPadOS and tvOS, 15.1, we're out to developers along with the fourth beta of watchOS 8 one meanwhile the other report said that the tenth beta of macOS Monterey was out to the same developer crew. If you're in the developer program, they are there for the taking. If you're in the public beta program, there is a pretty decent chance they'll turn up for you. Sometime today. Apple has taken the fight against sideloading to well I was going to say the paper, but it's the 21st century. That said, building a trusted ecosystem for millions of apps, a threat analysis of side loading would be 31 pages long if we did the whole paper thing. Instead, Apple three says the Cupertino company posted its response to the EU's proposed digital markets act to its site I have not read it yet. I can't even pretend I have the part pulled by Apple three, has apple making the same argument it's made time and again. Outside the walled garden, there be monsters. Inside, when monsters get in, apple can kill them. If side loading from third party app stores were supported, says Apple, malicious apps would simply migrate the third party stores and continue to, in fact, consumer devices. So goes part of apple's argument. I hope to read through the report in the coming days. If you'd like to, too, it's available through Apple cite. You can find that at Apple dot com slash privacy..
Mac OS Ken
Privacy and Security Updates to Be a 'Main Focus' at WWDC 21
"Who wins the noisiest noise boy award this week for your consideration. Wedbush analyst daniel. Ives we'll start with a piece from apple insider. Which has i've saying privacy and security. We'll take center stage at next week's worldwide developers conference that is of course along with previews of new operating systems and saying on the operating systems. The report has ives saying that. The upcoming ios fifteen will include new privacy protections changes to the lockscreen and notification center and new features. And i message. I've says all of that will the cupertino company on more of a collision course with outfits like facebook though it is difficult to see how the two companies could be on more of a collision course than the wreck. They've already made.
Mac OS Ken
iPhone 13 on Track for Late September Release Date
"Twelve sales constitute a super cycle. That iphone thirteen may be a super duper cycle. That's according to wedbush analyst. Daniel ives who did of course not use the term super cycle apple three dotto posted part of a note ives wrote. He thinks apple's next round by phones is on track for a late september. Release which we used to call the normal time in the before times that said he says that timeframe could change. The bigger news is the bigger number of builds. He's expecting quoting his note. Initial asia supply chain belts for iphone thirteen or currently in the roughly one hundred million unit range compared to our initial iphone twelve reads at eighty million units pre bid and represent a twenty five percent increase year over year. Out of the gate while this number will clearly move around over the coming months. We believe this speaks to an increased confidence with cook and company. That this five g driven product psycho will extend well into twenty twenty two and should also benefit from a post vaccine consumer reopening environment. Mr has hasn't outperform rating apple. Shares has price target on the shares. Is one hundred seventy five dollars.
NPR's Business Story of the Day
A Pandemic Winner: How Zoom Beat Tech Giants To Dominate Video Chat
"Roughly one year ago. I heard colleagues referred to a meeting on zoom. It was one of those passing references where people assume you already know what they mean. But i didn't. I literally never heard of the brand within a few days. Of course i knew as did millions of others who likely had not known before. Zoom is by no means the only way for a video meeting but the company has come out ahead during the pandemic zoom is among npr's financial supporters. And we cover it like any other company. Npr's shannon bond has the company's pandemic story chief financial officer kelly steckel berg vividly remembers one specific date. Last spring march fifteenth. Last year was the day when everything changed. Its like we woke up and almost overnight that demand grew exponential demand from companies. Trying to keep running after sending everybody home. School setting up virtual classrooms then. The floodgates opened here at npr weeded stories about fitness classes. Moving to zoom. You're going to need a broom towel. Happy hours complete with drinking games. We figured out rules for virtual beer. Pong one of our producers watched her sister get married over zoom. You may now feel your ballot. Chests by april zoom meetings were attracting three hundred million participants a day thirty times the amount just a few months before zoom was an upstart and it was going up against products from giants like google and microsoft which are both npr supporters. So how did zoom beat these heavyweights real richness to simply way easier. Jason freed is ceo of base camp. A company that makes remote work software. He told me over his preferred app. Skype he's been working remotely for two decades. He says zoom made sending a meeting link as easy as sharing a youtube video open room. You get a you moral you. Send the url around people. That's it unlike. Other video meetings people you invite to zoom. don't have to log in or download. Software freed says that simplicity meant even though. The app was intended for companies. It was really easy for everyone else to use to but zoom was so popular and convenient. It had a downside. The fbi warning about zoom bombing intruders has started crashing zoom meetings because security was so lax townhall school classes. Aa meetings. were all targets. Dennis johnson knows all about this last march. He was defending his doctoral. Dissertation on zoom in front of family and friends with an unknown attacker scrawled racial slurs genitalia on the screen. A year later johnson still avoid zoom when he can every time. Somebody called me. Dr arteaga On so it just like a nasty taste in my mouth. Researchers uncovered other security and privacy flaws zoom told users meetings were fully encrypted when they weren't the company admitted shut down the accounts of activists in china after pressure from the government. Zoom went into damage control mode. It put everything except privacy insecurity on pause for three months and it reached settlements with federal and state regulators investigating the issues. Stucco burg's zoom. Cfo says the episode was a wakeup call. It was a humbling experience for all of us but we learned a lot through it and we have come out on the other side at a stronger a better company with a stronger and more secure platform now. After a year of daily life and major milestones conducted over zoom what happens when people get vaccinated and can go back to seeing each other face to face. Daniel ives as an analyst at wedbush securities there could be a roaring twenties type field. Whose covid where people are just gonna wanna get out and just almost a pent up demand but he says zoom has made such inroads into our lives in the past year. It's here to stay so they're still time to learn how to use the mute button
Mac OS Ken
Daniel Ives gave his take on the recent selloff of Apple stock
"Analyst daniel. Ives has a take on the recent sell-off of apple shares and you will never guess what it is. Apple insider has the head of apple's pep squad financial division saying that the recent dip for apple shares is a golden buying opportunity in fact he and his added apple to the banks. Best ideas lest despite rumored cuts to iphone production. I is as apple positive as ever. He's still modeling for over. Two hundred thirty million. Iphones sold this year. That's ahead of the two hundred. Twenty million wall street is expecting on average while two hundred. Thirty million is is base. He still sees two hundred fifty million. Iphones sold as an eye popping possibility. Now the rumored cuts that. I mentioned around iphone twelve many. I honestly not plan to mention that since it comes from nikkei which never seems to miss an opportunity to amplify anything in the supply chain. That might look like bad news. Here's a quick blurb on that from n. gadget apple is slashing production of iphone. Twelve many through the first six months of the year according to nikkei the company will reportedly produce at least seventy percent fewer units than it initially planned that will account for most of a twenty percent drop in overall planned iphone twelve production until june as. I say i hadn't planned on mentioning that partly because of nikkei's doomsaying ways and barley because reading into the supply chain can sometimes be a fool's game got to talk about it for context though quoting apple insider again. I've adds that demand in china. Still look strong coming out of the chinese new year because of the higher mix of iphone twelve pro and iphone twelve pro max devices and possibly scaled down iphone. Twelve many production. I've says apple's average selling price continues to tick higher
Bloomberg Radio New York
"daniel ives" Discussed on Bloomberg Radio New York
"What's the risk for Mr Cook? Risk for cook. It's China and us that cold Tak Ward there the poster child If you don't see a ratcheting down by the ministrations now would be a risk tackle. Both supply chain is was the man. Of course regular toward I mean, that's going to continue to be a big Packers Belgrade battle Just real quick here denies that. If we get troubles with China, what does that do is a percent basis on free cash flow growth or revenue growth. How do you quantify that effect of trouble with China? 20% of Iceland demands China and that and you'd start to play with the math. There. You could start to see anywhere from 3 to 5% downside toe, full case numbers and, of course, the Kouachi remember? I bet the horse in terms of the Fox comes without exploiting disruption. That's why apple so Kino, the poster child for us turn Ical Tech war. What are we gonna see when they report? I mean, they come on the holiday season Absolutely unique. I mean, the pandemics made it original. What's your guesstimate of that earnings called? Me. I think this is going to be a blockbuster, no bond, a Smith type quarter and I think you're gonna see more. More members continue to move up, and that's in the streets continuing to underestimate my opinion. And I'm gonna leave it there because I've gotta reset for impeachment. Daniel Ives with some terrific work from Wedbush this on Apple computer. A target is 1. 60 haven't looked at the A and our screen, but I think he's really up there. Top of the market. I want to look forward and folks, this really goes back to the heritage of Bloomberg on the economy and Bloomberg surveillance. I got a phone call a zillion years ago. I'm going to say 78 years ago. From the good people of the World Economic Forum. And they said, We want you to do a seminar on financial innovation, and I basically said no. And they said no. Okay, we really want you to do this and some muckety muck. We're going to show up. So I said, okay. It's the best seminar I've ever done. It doubles the people Way out front on innovation of technology. We see that again today. I can't say enough. You know that. I don't care about all these I pose and I make jokes with Dave Wilson about specs, and that Guess what? This A firm deal really needs to be watched for all that it is for Mr Left Chin and the others. Ah, firm goes public with a huge up off the off the red herring A huge up off the I P o We'll see where it opens. Ms. Chang a conversation tonight with Max Levchin Bloomberg Technology, Please stay with us this historic day.
Mac OS Ken
Apple planning 30% increase in iPhone production for first half of 2021
"Apple shares. Were up a little over six bucks on tuesday. If you wanna know why look to the land of the rising sun the globe and mail out of canada which is not the land of the rising sun highlights a report from the japanese business. I nikkei that says apple is upping iphone production in a serious way headed into twenty twenty one. According to the globe and mail's take the cupertino company plans to manufacture up to ninety six million iphones in the first half of twenty twenty one a nearly thirty percent year on year increase going to strong demand for its by g handsets. That said well. I won't say the report is full of holes. I will say there are a couple of holes for which to watch out i. It's not justified. G phones apples ordering but less expensive models like iphone. Eleven and iphone s. e. as well also manufacturers may miss apples mark. Thanks to an industry-wide shortage of key components and then there's the big one the target will be regularly reviewed and revised in response to consumer demand but the sentiment is there and investors grooved on it on tuesday apple shares ended the day at one hundred twenty seven dollars and eighty eight cents up six dollars and ten cents. The nikkei report had wedbush analyst. Daniel ives summing a familiar tune eleven insider had the head of apple's pep squad financial division saying the nikkei reports simply supports what he's been saying all along. The iphone is in or on a super cycle says outperform rating on apple shares. His twelve month price target on the shares as one hundred sixty dollars with a bull case that could see the shares at two hundred bucks
All Things Considered
Uber Sells Its Autonomous Vehicle Research Division
"Out of the self driving game. The ride hailing giant has sold its autonomous vehicle research unit to a startup. It hasn't quite given up on the idea of robo taxis, but it is recognizing it can no longer afford to spend billions of dollars on the technology. NPR's Camilla Domina ski reports. Uber has always aimed big. It wanted to operate around the globe. It wanted to replace personal car ownership. And when it came to self driving technology, uber wanted to play a starring role in that revolution and make a fortune off of it. There's a huge huge Like positive impact of society when driverless cars become a thing that was uber co founder Travis Kalinic at a World Economic Forum event in 2016, and after Kalinic was pushed out of uber because of numerous scandals, new CEO Dark Khazar shot he was still optimistic. He spoke at Davos and 2018. We will have Autonomous cars on the road. I believe with him that the next 18 months not as a kind of Ah test case but as a real case out there just a few months after that remark, a self driving uber on a test run, struck and killed a pedestrian and Tempe, Arizona. After that deadly crash, Uber pulled its test vehicles off the road for a while, but research into self driving software continued. The goal was to eventually offer rides without needing to pay drivers. But while self driving technology has been improving, it's not close to making uber any money and that research is very expensive. They put a lot of money. It's in the billions. Daniel Ives is with Wedbush Securities. After all these years, Uber's recognizing its limitations. It's never turned a profit and the pandemic has it. Bleeding money. Self driving could still be part of Uber's future and years to come through partnerships, but the company won't be developing the technology in house. This is a shitty jik vision, but ultimately going to really play out. They were gonna need to sell this business. They could not support that level of our he needed to make this successful. All that expertise is heading to a startup named Aurora that's working on self driving trucks. Uber isn't getting any cash in exchange. I have says this transaction is all about getting a money loser off the books. It's a sign the company that always dreamed big is narrowing its focus. Uber is doubling down on ride hailing and food delivery as it chases that elusive profit. Camilla dominates key NPR news
Mac OS Ken
Contradicting Headlines About Apple Airpods
"A tale of two headlines. One has teeth international analyst ming quo indicating apple's major product lines joy healthy demand in the fourth. Quarter but airpods shipments are muted. That is contradicted by another headline that has wedbush analyst. Daniel ives indicating. Strong holiday. Demand for airpods could continue into twenty twenty one. The funny part one of those headlines is from apple insider while the other is from apple insider in fairness apple insider not saying either rather saying that analysts are saying both starting with young. Mc that post has closing stronger-than-expected demand for iphone twelve pro and iphone twelve pro max. Similarly demand is beating expectations for ipad. Air apple watch series. Six apple watch as e and the m one macbooks but airpods while i was going to jokingly say airpods are sucking wind. That doesn't quite sound right. Indications are muddled quoting that part despite the strong performance for apple's core product lines airpods is exhibiting softness quote predictions to remain flat or declined by between five percent to ten percent year on year and the first half of twenty twenty one the analyst blames upstream supply constraints and an overeager market that anticipated stronger. Sales numbers after apple announced plans to stop giving away earpods muddled right. There's not enough supply and people don't want them as much as we thought. Anyway that's young. mc's take her ives. That post has the head of apple's pep squad financial division seeing bigger and better for the super stoppers. The way he sees it apple could sell as many as eighteen million pairs of airpods in december. A total of ninety million pairs and twenty twenty and as many as one hundred fifteen million pairs in twenty twenty. One quoting his note. This product category continues to speak to the unparalleled flywheel. That cook and cupertino hab with nine hundred fifty million iphones worldwide under its belt and one point four billion active devices to tap into worldwide and thus further monetize through products and services as we continue to see with apple watch as well that was also one sentence is disagree on demand. There's one point on which they do agree. They both see new airpods coming in the second quarter of twenty twenty one quote arrived late in the june quarter so june. Apparently i on the other hand expects the new airpods in april. Or may mr. Ives has a buy rating on apple shares. His price target on the shares is one hundred fifty bucks designed by apple in california made in vietnam may soon be a thing for more apple stuff. Tech crunch says foxconn may be moving some macbook an ipad production from china to vietnam at apple's request the peace sites a reuters report indicating that apple as that some assembly for the two devices be moved to vietnam specifically certainly getting more production out of china has been a pressing issue for apple. Thanks in part of the trump administration's war with china additionally the eruption of covid nineteen showed the folly of having too many eggs in one manufacturing basket according to reuters according to crunch apple ass. Foxconn to move. I pat and macbook assembly to vietnam assembly. Line should be operating at some point during the first half of twenty twenty one