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Investment bank Wedbush says that the recent Apple stock sell-off creates a "golden buying opportunity" for investors, and predicts that Apple still has a $3 trillion valuation on the horizon. In a note to investors seen by AppleInsider , lead Wedbush analyst Daniel Ives says the bank has added Apple to its "Best Ideas List." He says that, in the wake of a historic December quarter for Apple, Wall Street has been expecting modest cuts to 2021 iPhone forecasts. Despite that, the analyst says recent checks in Asia are continuing to come in bullish. He continues to predict that Apple could ship upwards of 230 million iPhone units during the year. That number is higher than the current Wall Street consensus of 220 million units. Based on the current trajectory, Ives says that Apple could sell north of 240 million units — with an "eye popping" 250 million units possibly in the cards. He adds that demand in China still looks strong coming out of the Chinese New Year. … [Read more...] about Recent Apple sell-off a ‘golden buying opportunity,’ analyst says

AppleInsider breaks down every record Apple smashed in its gargantuan fiscal quarter ending in December 2020. Apple's first fiscal quarter was one to remember, breaking records left and right on its way to a staggering $111.4 billion in total revenue. While that number was the biggest takeaway, it was far from the only record the company shattered. Total revenue Apple brought in a staggering $111.4B in Q1 2021 During the 1Q 2021 financial quarter, Apple raked in $111.4 billion in total revenue. This is the first time the company has passed $100 billion for a quarter, breaking its previous record of $91.8 billion in the prior year's December-ending quarter. It's all the more surprising that Apple did this during a global pandemic, as many working families cut down on luxury purchases. Impressive iPad and Mac sales boosts may have partially reflected the greater need for work-from-home and Zoom-friendly computing devices. However, the iPhone continued … [Read more...] about Ten records Apple broke in its historic holiday 2020 quarter

Apple on Friday announced the discontinuation of the full-size HomePod , saying it plans to focus on production and development of the HomePod mini. Apple informed TechCrunch of the product's end of life in a statement today. HomePod mini has been a hit since its debut last fall, offering customers amazing sound, an intelligent assistant, and smart home control all for just $99. We are focusing our efforts on HomePod mini. We are discontinuing the original HomePod, it will continue to be available while supplies last through the Apple Online Store, Apple Retail Stores, and Apple Authorized Resellers. Apple will provide HomePod customers with software updates and service and support through Apple Care. The company plans to sell remaining HomePod units until stock is depleted, though Apple's online storefront is already sold out of Space Gray models. Support will also continue until the product is declared obsolete. Announced at WWDC 2017, HomePod was Apple's … [Read more...] about Apple discontinues full-size HomePod, to focus on HomePod mini

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple's stock split has completed, with shareholders on Friday now owning four times the number of shares in the iPhone maker they did yesterday, as the company attempts to make the stock "more accessible" to smaller investors. Originally announced on July 30 and approved by Apple's Board of Directors, the four-for-one stock split will increase the number of common shares available in the company from approximately 12.6 billion to 50.4 billion , for shares outstanding and the number of authorized shares combined. The process effectively quadruples the amount of Apple stock each stockholder has in the company, but without increasing its value. Apple started recording which shareholders had stock in the company from August 24, with those deemed to still be holding … [Read more...] about Apple 4-for-1 stock split process completes

Apple CEO Tim Cook and senior VP Eddy Cue have once again made an appearance at the annual Sun Valley conference in Idaho, attended by the elite of the media and technology worlds. This year marks Cook's seventh consecutive appearance, and Cue 's fifth. Both were in attendance in 2017. The conference is hosted by investment firm Allen & Co., and plays host to top-level executives who sometimes use the event to broker deals behind the scenes. This year some of the people present are said to include media baron Rupert Murdoch, Amazon's Jeff Bezos, Google's Sundar Pichai, and Facebook CEO Mark Zuckerberg. NBC notes that some high-profile deals have been begun at Sun Valley in the past, such as Disney's $19 billion ABC/Capital Cities buyout, and Bezos' takeover of the Washington Post . This year could be particularly interesting, since Disney and Comcast are currently fighting to buy out key assets of 21st Century Fox . The Murdoch family has voting … [Read more...] about Apple’s Tim Cook & Eddy Cue return to elite Sun Valley conference for 2018

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple has informed partner suppliers that it has reduced iPhone 12 mini production plans for the first half of 2021, with manufacturing of some specialty parts suspended altogether, according to a report on Wednesday. Citing industry sources familiar with the matter, Nikkei reports major suppliers were recently informed of the production shift that marks a change in Apple's procurement strategy. Prior to the reported downward revision, the tech giant was aggressively buying semiconductors, printed circuit boards and displays amid a worldwide parts shortage. Apple is targeting output at around 75 million iPhone units for the first half of 2021, down 20% from December 2020, the report says. Much of that downgrade is blamed on iPhone 12 mini. Nikkei sources note … [Read more...] about Apple reportedly cuts iPhone 12 mini production amid tepid demand

Video Apple's MagSafe Duo charging solution is now available. After spending some time with it, we are on the fence about the company's latest iPhone 12 accessory. With Apple's latest iPhones, there are more ways than ever to charge. The most unique, is MagSafe . At the moment, the only official options are Apple's MagSafe charging puck or the new MagSafe Duo. Soon, third-party options will flood the market, including options from Belkin and Scosche, but for the time being, we have Apple's to consider. Subscribe to AppleInsider on YouTube MagSafe Duo - Design MagSafe Duo is a simple enough product. On one side is a MagSafe wireless charger and on the right is an integrated Apple Watch charging puck. The charging puck operates similar to Apple's own Apple Watch charging stand in that the puck is metal-encased and can flip up or lay flat. MagSafe Duo is powered by Lightning On the opposing side is the MagSafe charger. Unlike … [Read more...] about Review: MagSafe Duo is almost everything you need, but has too many compromises

Review The new AirPods Max are turning heads with a high price tag and excellent audio quality. But is what you get worth the $549? AirPods Max design AirPods Max come in five different colors, sky blue, green, pink, silver, and space gray. Each color is two-toned, featuring a lighter color on the anodized earcups and a darker one for the headband. AirPods Max have one of the most bespoke designs ever created for a set of headphones. The top portion of the headphones is made of stainless steel before being coated with a premium soft-touch material akin to silicone. The canopy is made from a proprietary mesh that is designed to wrest just atop your head. AirPods Max Each arm of the AirPods Max extend to accommodate user's heads of different sizes. Anodized aluminum makes up the cups themselves, which is lighter than the steel and allows for the svelte anodization Apple is known for. Each of the cushions on the earcups are a similar mesh … [Read more...] about Review: AirPods Max don’t make it easy to justify the price

Feature AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. With the varieties of USB and Thunderbolt terminology floating about, as well as new versions being adopted by Apple and other device producers, sorting out the mess can be a problem. Here's what you need to know about USB 3, USB 4, Thunderbolt 3, and Thunderbolt 4. For most users, there are two general families of multi-purpose connections: USB and Thunderbolt. Both have their benefits and their foibles, as well as sharing many characteristics, but the two technology trees are, largely, quite different. If you don't read any further, here's your main takeaway: The term "USB-C" by itself doesn't specify anything for data, charging, or video beyond the physicality of the connector. But, as you might expect, there are a lot of details behind USB … [Read more...] about USB 3, USB 4, Thunderbolt, & USB-C — everything you need to know

Feature AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. USB-C is the future of computer connectivity, but in the two years we've been using it there remains a great deal of confusion over USB-C, Thunderbolt 3, USB 3.1, and what any given cable with USB-C connectors is capable of. AppleInsider breaks it all down again, makes some specific cable recommendations, and talks about why we think it isn't the last time we're going to have this conversation. Apple introduced USB-C to its user base with the Retina 12-inch MacBook. At the time, it was in essence a basic USB port that could power the Mac from an external source, yet limited to USB 3.0 speeds of 5Gbit per second. It was officially called USB 3.1 type C Generation 1. The same physical port was used in the 2016 MacBook Pro refresh, offering a … [Read more...] about USB-C cable shopping for an iPad or Thunderbolt 3 Mac is still a nightmare for consumers