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When Everything’s Priced at a Premium, Where Do Tech Brands Find New Buyers?
The Wall Street Journal1d agobullish
When Everything’s Priced at a Premium, Where Do Tech Brands Find New Buyers?

Smartphone and PC shipments are plummeting, but Apple and Dell are expected to keep revenue climbing. Apple raised prices by hundreds of dollars on some Macs and iPads this summer, Asa Fitch notes for The Wall Street Journal, and is charging more for its latest round of iPhones. The companies may have the competitive and brand position to pull off the increases.

Meta's New Muse AI App Tops Charts, Draws Strong Reviews
Bloomberg2d agobullishVIDEO
Meta's New Muse AI App Tops Charts, Draws Strong Reviews

Meta Platforms Inc.'s new artificial intelligence agent, Muse, is ranked the No. 1 free app on the US Apple Inc. iOS App and Google Play stores.Muse was downloaded more than 902,000 times in the six days after Meta introduced it on Sept. 8, and is available for people 18 years and older. Bloomberg's Mandeep Singh joins to discuss.

Apple, Taiwan Semi Lead Five Stocks Near Buy Points
Investor's Business Daily12d agobullish
Apple, Taiwan Semi Lead Five Stocks Near Buy Points

Apple, which just unveiled its first foldable iPhone and two other new models that go on sale this week, and Taiwan Semiconductor Manufacturing, which makes the chips that power them, lead this weekend's watch list of five top stocks near buy points. Joining AAPL and TSM are cloud-based communications software platform Twilio and two healthcare plays. Oscar Health is the No. 2 health insurer based on Affordable Care Act exchange membership.

Apple’s iPhone Rally Might Have to Wait
The Wall Street Journal15d agobullish
Apple’s iPhone Rally Might Have to Wait

A big tech unveil hasn't drummed up day-of market enthusiasm for Apple stock in years, but the picture tends to get brighter in the longer-term. The iPhone maker has lagged behind the broader S&P 500 index on five consecutive iPhone launch days.

Bloomberg43d agobullish
Nvidia Partner Hon Hai’s Profit Beats on Sustained AI Spending

(Bloomberg) -- Hon Hai Precision Industry Co. reported a better-than-expected increase in quarterly profit, signaling robust global demand for AI hardware.Most Read from BloombergFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AIPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DrivePakistan Says Deal Is Close Even as Iran, US Harden StancesApple’s Glass-Centric 20th-Anniversary iPhone Remains on Track for 2027Air India Pilot Tests Positive for Drugs After Mid-Air Drop

Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecasts
Reuters43d agobullish
Taiwan's Foxconn reports 35% rise in Q2 profit on AI demand, beats forecasts

Taiwan's Foxconn, the world's largest contract electronics maker, reported on Wednesday a 35% ‌rise in second-quarter profit, beating analyst forecasts, on ‌continued strong demand for AI, which it predicted would drive growth this ​year. Net profit for the April to June period for Nvidia's biggest server maker and Apple's top iPhone assembler was T$59.97 billion ($1.86 billion), versus an LSEG consensus estimate of T$58.8 ‌billion and compared with ⁠T$44.4 billion a year earlier. Foxconn, formally ​called Hon Hai Precision Industry, ‌in July reported a 40% year-on-year jump in second-quarter revenue.