Apple Vision Pro pre-orders went live on January 19th and surprisingly people seem to have been falling over each other to get this outstanding new Apple innovation. While reports were claiming that the Vision Pro headset might attract fewer users due to its massive price tag and lower battery life, however, it is reported that Apple has sold up to 180000 units of Vision Pro headsets during the pre-order weekend. Apple analyst Ming-Chi Kuo also highlighted concerns over shipping times as compared to Apple iPhone. Know what experts say about the upcoming sales of the Apple Vision Pro headset.
Apple Leads $383 Billion Tech Rout in Reversal From Group’s 2023 Rally
04.01.2024 - 13:50 / tech.hindustantimes.com
The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024.
The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down 4.6% in the time period, lead the slump that's erased $383 billion in market value. The Nasdaq 100 Index has also fallen in the last four trading days.
“We don't know if last year's rally has fully ended, but it is completely normal to expect markets will pull back after a rally like we saw,” said Steve Sosnick, chief strategist at Interactive Brokers Group. “Without the year-end factors that turbocharged the rally, I think we're seeing the party winding down.”
It's a signal that investor doubts over the sticking power of the 2023 rally were well-placed. Though the group surged more than 100% last year, driven by a frenzy in artificial intelligence, gains cooled in the second half of 2023 as investors mulled the Federal Reserve's ability to execute a soft landing for the US economy, which would likely mean fewer interest rate cuts than expected.
“You're not going to get high-single-digit or double-digit earnings growth if we get something worse than a soft landing,” Sosnick said. “But we're not going to get six cuts with a soft landing.”
A few members of the group have also seen specific stock pressure early this year. Apple shares have been weighed down after gaining a new bear; Barclays Plc analysts early this week downgraded shares of the tech giant to underweight, saying they expect soft demand for iPhones going forward.
Tesla has shed 8.8% in the last four days, its longest streak of losses in more than four weeks. Though Tesla reported Tuesday that it delivered more electric vehicles in the fourth quarter than analysts expected, the company lost its place as the top seller of electric cars to China's BYD Co.
To be sure, it is likely too early to say the tech-focused rally is over. Most of 2023's gains recouped losses from a year earlier, and some of the group — Amazon, Alphabet, Meta and Tesla — are still below their all-time highs, signaling they could have room to run.
But, the largest tech names also have their work cut out for them in 2024. The companies need to continue to deliver not only solid technology, but profitable technology going forward, according to Sosnick.
“In December everyone bought the sizzle,” he said. “Now we have to see if the steak is any good.”
The website gametalkz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Authors
Popular Topics
tech.hindustantimes.com
21.01.2024 / 05:55
Masimo CEO says users are better off without blood oxygen tool on Apple Watch
Masimo CEO Joe Kiani, waging a legal fight with Apple Inc. over a blood oxygen feature on Apple Watch, said that consumers are better off without the iPhone maker's version of the technology. The remarks followed Apple's decision to cease sales of smartwatches Thursday that had the tool — a gauge of blood oxygen saturation known as a pulse oximeter — which had been a heavily marketed health feature on the devices. The move stemmed from a ruling by the US International Trade Commission that found the technology violated Masimo patents.
tech.hindustantimes.com
20.01.2024 / 04:01
Sold Out! Apple Vision Pro deliveries delayed to March in sign of early demand
Apple Inc.'s long-awaited Vision Pro mixed-reality headset finally became available for preorders on Friday, giving the company its first real taste of consumer demand for the $3,499 device. With the launch, the company disclosed two additional configurations: a version with 512 gigabytes of storage for $3,699, and a top-end model with 1 terabyte of space for $3,899. The base model includes 256 gigabytes of storage. The company also said it would sell a carrying case for $199 and additional batteries for $199, while extra bands will cost $99 a piece.
gamesindustry.biz
18.01.2024 / 12:05
Apple now allows direct payment links but charges 27% commission
Apple has detailed how direct payments will work on iOS following the resolution of its long-running legal battle with Epic Games – and it will claim a 27% commission on proceeds generated through these methods.
tech.hindustantimes.com
18.01.2024 / 03:27
Apple Watch Series 9 and Apple Watch Ultra 2 hit again with US ban in patent feud with Masimo
A federal appeals court on Wednesday ordered Apple to halt the US sale of its latest smartwatch models in a feud over patents with health company Masimo.
gamesindustry.biz
17.01.2024 / 13:07
Supreme Court rejects Epic vs Apple appeals
Sign up for the GI Daily here to get the biggest news straight to your inbox
gadgets.ndtv.com
17.01.2024 / 11:49
US Supreme Court Rejects Appeals From Apple, Epic Games Over App Store Antitrust Ruling
The US Supreme Court on Tuesday declined to hear a challenge by Apple to a lower court's decision requiring changes to certain rules in its lucrative App Store, as the justices shunned the lengthy legal battle between the iPhone maker and Epic Games, maker of the popular video game Fortnite.
tech.hindustantimes.com
17.01.2024 / 02:51
Epic CEO says Apple court fight to open up Apple iPhone to competing stores is 'lost'
The CEO of Fortnite-maker Epic Games said Tuesday the company's court battle to open up Apple's iPhone to alternative app stores was lost after theteThe high court announced it would not hear appeals by either Apple or Epic in the long-running case, effectively putting an end to the legal saga.
tech.hindustantimes.com
17.01.2024 / 02:51
Apple Vision Pro headset: Meta Can Ride Apple’s Coattails to Victory in Mixed Reality
It's generally accepted that Mark Zuckerberg, in the two years since he renamed Facebook to Meta Platforms Inc., has done a poor job of selling his metaverse vision to the masses. The words “metaverse,” “virtual reality” and “augmented reality” have all become so tainted, in fact, that the newest arrival in the sector refuses to use any of them. Instead it touts “spacial computing” when describing the Apple Vision Pro headset, which is being released early next month.
tech.hindustantimes.com
16.01.2024 / 02:03
Relief! Blood Oxygen App to Be Removed From Apple Watch Avoid Ban, Masimo Says
An Apple Inc. software fix to remove the blood oxygen saturation feature from its devices following an import ban was approved by the US, according to Masimo Corp.
tech.hindustantimes.com
15.01.2024 / 08:01
Apple Vision Pro sale from Feb 2; Here is how to buy it, but first, watch 25-min video
Apple has finally revealed the date for the date on which the Apple Vision Pro sale will start. It has also indicated that the pre-order starts this Friday. The official sale date is scheduled for February 2, 2024. As far as the Vision Pro is concerned, while the tech is awesome and its capabilities simply mind-blowing, there are a few things buyers should look at. Experts have indicated that the new AR/VR headset is complicated to use and has a low battery life. That means it will be hard to persuade people to invest in a $3499 headset. Additionally, it has been reported that the sale process is a lengthy one and buyers will likely have to sit through a 25-minute demo video. Check what Apple has planned for Vision Pro sale.
tech.hindustantimes.com
14.01.2024 / 08:47
Apple to Shutter 121-Person San Diego AI Team in Reorganization
Apple Inc. is shutting a 121-person team related to artificial intelligence operations in San Diego, leaving many employees at risk of termination, according to people familiar with the matter. The group, known as Data Operations Annotations, was told Wednesday that they would be relocating to Austin to merge with the Texas portion of the same team, said the people, who asked not to be identified because the plans haven't been announced.