Apple (AAPL) Stock News

Preorders for the iPhone Duo began Friday with delivery in late January, signaling strong demand. Apple shares rose 1% to $345.20. The Duo starts at $1,999, higher than the iPhone 18 Pro at $1,199. Analysts had flagged slowing wait times for the Pro lineup as a concern, but the Duo preorder response suggests demand shifted to the higher-priced model.

The UK Competition and Markets Authority will publish proposals for consultation on Apple next week, per the Financial Times. The move signals continued antitrust scrutiny of Apple's business practices in the UK.

UBS reiterated its Neutral rating and $296 price target on Apple. The firm cites weakening iPhone demand indicators. iPhone Pro wait times are 4 days shorter year-over-year. Pro Max wait times are broadly unchanged. Weekly wait times declined 1 day for Pro and 5 days for Pro Max. Shorter delivery times and higher prices suggest limited upside to iPhone sales estimates.

Apple's iPhone Duo delivery date has slipped to January 25. No further details are available.

Apple is preparing to debut its AI platform in mainland China in December, following a lengthy regulatory delay. The company's chairman confirmed approval.

Apple says it searched for a file OpenAI identified but found nothing on its systems. The company also noted strict policies against using confidential information from prior employers.

In a court filing, OpenAI states that Apple has not provided assurances that it is not in possession of or has not used OpenAI confidential data from leaked files. The leaked files include unreleased device images, engineering data, supplier info, and manufacturing data.

Apple announced the new Apple TV 4K with Siri AI, A19 chip, far-field microphones, and four-speaker surround sound support. Pre-orders start today at $299; availability November 13.

Apple has opened pre-orders for its HomeView and wall-mounted model at $299 in the U.S. No further details on features or shipping dates were provided.

Apple introduced HomeView, describing it as a new way to enjoy entertainment, stay connected, and manage the home. No further details were provided.

Apple stock crossed $5 trillion intraday for the fifth time but has not closed above that level. Current price $340.45, need close above $342.60. High today $342.63.

JP Morgan increased its price target for Apple to $360.00 per share.

SpaceX's spectrum acquisition for Starlink Mobile could eventually reduce carrier subsidies for iPhones, according to BofA Securities. The threat is years away; near-term carriers may increase promotions.

JPMorgan analyst raised Apple price target to $360 from $340, reiterates overweight. Stock up ~1% to $340.07. Apple to announce smart home products Tuesday, including HomeView hub. iPhone 18 Pro demand resilient; foldable iPhone Duo launches Oct. 23.

JPMorgan raised its price target on Apple to $360 from $340. No rating change or rationale was provided in the initial report.

Apple is reducing iPhone 18 Pro production orders. Rising memory chip costs led to price increases that weakened buyer demand.

SpaceX rose 1.2% on a cellular spectrum deal. AT&T, Verizon, T-Mobile each fell more than 8% on the competitive threat. Humana surged 12% after the US government improved its Medicare Advantage rating. Delta ended flat after cutting its earnings outlook on high fuel costs. Apple fell 1.1% on a Nikkei report of iPhone production cuts. Avient dropped 7.8% on its CEO's departure. Lumentum gained 5.2% after its CEO said AI demand remains strong.

Apple asks suppliers to cut iPhone component production by up to 20%, Nikkei reports.

Apple shares fell 1.9% premarket after Nikkei Asia reported the company told suppliers to cut iPhone 18 Pro and Pro Max component production due to weak consumer demand. Suppliers blame price hikes from rising memory chip costs. Apple did not comment.

Apple has reduced orders for its iPhone 18 Pro models due to weaker-than-expected demand, according to a Nikkei report. The move signals softening consumer appetite for premium smartphones.

Apple scheduled a new event titled 'Welcome Home' for October 13 in New York.

A Microsoft executive said RTX Spark-based machines with Nvidia chips are faster than Apple's fastest chips at generating images. The machines will begin shipping next week.

Google has developed the ability to detect AI-generated content from OpenAI and Nvidia models, with Apple detection coming soon. No further details were provided.

Apple is developing a smart doorbell, lock, and thermostat in partnership with LG. The products are part of a broader smart home push.

Apple has announced new privacy protections for Mac following user accusations that Meta's Muse AI agent accessed private messages without consent. No further details on the protections were provided.

Needham analyst says Meta's primary goal is to replace Apple's consumer platform with its own, developing products that directly attack Apple's core business. The firm sees Meta or another AI-first competitor building an agent+hardware ecosystem that disintermediates the iPhone.

Needham analyst says the biggest long-term risk to Apple is not AI execution, margins, or China, but Meta or another AI-first competitor building an agent+hardware ecosystem strong enough to disintermediate the iPhone and weaken the moat behind Apple's premium valuation.

Morgan Stanley lowered Apple's price target to $355 from $360, maintaining Overweight. The bank sees a major product cycle under new CEO John Ternus, with four consecutive years of iPhone unit growth. It forecasts EPS near $10 in FY27 and $11 in FY28, with earnings compounding ~13% through FY28.

A report identifies China as the critical market for Apple's foldable phone strategy.

An unconfirmed report says Apple's first foldable iPhone, expected to cost around $2,000, could sell as many as 6 million units. The device would mark Apple's entry into the foldable-phone market, potentially creating a new premium category if the product is polished.

Apple plans a major smart-home push on Oct. 13, led by a 6-inch display hub with voice and facial recognition, plus updated HomePod mini and Apple TV.

Apple has launched Apple Pay in India, according to a report. The expansion opens a large digital payments market for Apple's services revenue. No official confirmation yet.

John Ternus, weeks into the CEO role, is reshaping Apple: considering year-round product launches, cutting engineering management layers, and exploring AI for customer support. A plan to cut 5,000 AppleCare jobs was put on hold. Next year's pipeline includes camera AirPods, smart glasses, and a 20th-anniversary iPhone.

Apple CEO John Ternus is planning a company overhaul to accelerate product development, broaden device lineup, and create a leaner organization with greater focus on engineering. Early ideas include moving away from traditional spring/fall product release schedules and eliminating some middle-management positions, according to a Bloomberg report.

Apple's Ternus discusses more frequent product launches.

Burford Capital says it would receive about $1.4 billion if Apple's $5.7 billion Taction patent verdict is ultimately paid as awarded. Half to balance sheet, half to investment funds. Apple says it will appeal.

Bloomberg reports Apple's work on the Vision Pro is on 'life support'. There is no guarantee another Vision Pro reaches market; if it does, it likely won't arrive before late 2028 or early 2029. Apple is now focused on displayless smart glasses. Senior Vision Pro leaders are pressing to keep the category alive within Apple.

Bernstein warns Apple's December-quarter earnings could disappoint as sharply higher memory-chip costs pressure iPhone margins. The firm cut its EPS forecast to $2.87 from $3.00, below the $2.92 consensus, but maintains an Outperform rating and $370 target.

John Ternus, Greg Abel, and John Furner are the new CEOs of Apple, Berkshire Hathaway, and Walmart, respectively. A Barron's feature examines their early tenures, stock performance, and analyst outlooks, noting challenges and opportunities at each firm.