Apple Inc Stock Price, News & Analysis

Apple has unveiled the Apple Watch Series 10, the thinnest model yet, featuring the largest and most advanced display. Key highlights include:

1. Refined design: Nearly 10% thinner than previous models, with a wider aspect ratio and more rounded corners.

2. Improved display: Up to 30% more active screen area and 40% brighter when viewed from an angle.

3. New features: Sleep apnea notifications, faster charging, water depth and temperature sensing.

4. New finishes: Available in polished aluminum (jet black) and polished titanium (natural, gold, slate).

5. Health and fitness: Enhanced sleep tracking, new Vitals app, and customizable Activity rings.

6. Environmental impact: First carbon-neutral Apple Watch option available.

Pre-orders start today, with availability beginning September 20, starting at $399.

Apple has announced a new lineup of AirPods, introducing AirPods 4 with an open-ear design and AirPods 4 with Active Noise Cancellation (ANC). The AirPods Max come in new colors and offer USB-C charging. Most notably, AirPods Pro 2 will feature an all-in-one hearing health experience, including Active Hearing Protection, a Hearing Test, and a clinical-grade Hearing Aid function. AirPods 4 and AirPods Max are available for pre-order, with in-store availability starting September 20. The hearing health features will be available for AirPods Pro 2 users this fall in over 100 countries.

Apple has unveiled the iPhone 16 and iPhone 16 Plus, featuring the new A18 chip and built for Apple Intelligence. Key highlights include:

1. Camera Control: A new feature for capturing memories and accessing visual intelligence.

2. 48MP Fusion camera with 2x Telephoto option and a new Ultra Wide camera for macro photography.

3. Apple Intelligence: Enhances writing, summarizes notifications, and improves Siri functionality.

4. Action button: Allows quick access to various functions.

5. Improved battery life and performance with the A18 chip.

6. Spatial photo and video capture for Apple Vision Pro.

7. Available in five colors, with pre-orders starting September 13 and availability from September 20.

Apple has unveiled the iPhone 16 Pro and iPhone 16 Pro Max, featuring Apple Intelligence, larger displays, and advanced camera capabilities. Key highlights include:

1. A18 Pro chip for enhanced performance and efficiency
2. Larger display sizes: 6.3" (Pro) and 6.9" (Pro Max)
3. New 48MP Fusion camera with 4K120 fps video in Dolby Vision
4. 5x Telephoto camera on both models
5. Improved battery life, with Pro Max offering the best ever on iPhone
6. Durable titanium design in four finishes
7. Camera Control for intuitive interaction with the camera system
8. Apple Intelligence for enhanced user experience and privacy

Pre-orders start September 13, with availability from September 20. Prices start at $999 for Pro and $1,199 for Pro Max.

Apple has introduced Apple Watch Ultra 2 in a new black titanium finish, alongside enhanced features in watchOS 11. The watch offers up to 36 hours of battery life with regular use and up to 72 hours in Low Power Mode. New features include sleep apnea notifications, a Tides app, and customization options for the Action button. Apple also unveiled a new Titanium Milanese Loop band and an Apple Watch Hermès Ultra 2. The watch starts at $799 and will be available from September 20. watchOS 11 introduces improvements for athletes, including enhanced metrics for runners, cyclists, and swimmers. The update also brings offline maps for hikers and new features for divers and golfers.

Apple (AAPL) has announced a significant leadership transition, with Chief Financial Officer Luca Maestri stepping down from his role on January 1, 2025. Maestri will continue to lead Corporate Services teams, reporting to CEO Tim Cook. Kevan Parekh, current Vice President of Financial Planning and Analysis, will become the new CFO and join the executive team.

During Maestri's tenure as CFO, Apple's revenue more than doubled, with services revenue growing over five times. Parekh, an 11-year Apple veteran, brings extensive experience in financial leadership roles both at Apple and previous companies like Thomson Reuters and General Motors.

This planned succession aims to ensure continuity in Apple's financial leadership and strategy.

Apple reported strong financial results for its fiscal 2024 third quarter, setting new June quarter records for revenue and earnings per share (EPS). The company posted quarterly revenue of $85.8 billion, up 5% year over year, and quarterly EPS of $1.40, up 11% year over year. Services revenue reached an all-time high.

CEO Tim Cook highlighted the announcement of Apple Intelligence, a new personal intelligence system incorporating generative AI across Apple devices. CFO Luca Maestri noted that the company generated nearly $29 billion in operating cash flow and returned over $32 billion to shareholders. Apple's installed base of active devices reached a new all-time high across all geographic segments.

The board declared a cash dividend of $0.25 per share, payable on August 15, 2024.

Apple TV+ has achieved a record 72 Emmy Award nominations across 16 Apple Originals, marking its best-ever showing. The streaming service swept top category nominations, including:

• Outstanding Series for 'Lessons in Chemistry'
• Outstanding Drama Series for 'The Morning Show' and 'Slow Horses'
• Outstanding Comedy Series for 'Palm Royale'
• Outstanding Documentary or Nonfiction Series for 'STEVE! (martin) a documentary in 2 pieces' and 'Girls State'

'The Morning Show' leads with 16 nominations, including 10 acting nominations. 'Lessons in Chemistry' received 10 nominations, including Apple TV+'s first-ever Best Series nomination. The 76th Emmy Awards ceremony is scheduled for September 15, 2024.

Apple has announced the opening of its first retail store in Malaysia, Apple The Exchange TRX, located in Kuala Lumpur's Tun Razak Exchange on June 22. The store will offer Apple's full range of products and services, alongside support from over 160 team members. It will also host free 'Today at Apple' sessions, empowering customers to maximize their Apple devices. The store features a modern design with sustainable elements and connects to a rooftop park. Special opening events, 'Jom Discover', will run from June 22 to July 6, featuring local creators.