AAPL Dec 2024 160.000 put
| Previous close | 1.7700 |
| Open | 1.7200 |
| Bid | 1.3700 |
| Ask | 1.4300 |
| Strike | 160.00 |
| Expiry date | 2024-12-20 |
| Day's range | 1.3900 - 1.7200 |
| Contract range | N/A |
| Volume | |
| Open interest | 11.28k |
- Yahoo Finance Video
Apple's iPhone 16 will drive 10% growth next year: Analyst
Apple (AAPL) recently revealed its partnership with OpenAI to include its chatbot, ChatGPT, with its voice assistant Siri. While some investors were unimpressed, others felt this will be a turning point for Apple. D.A. Davidson Managing Director Gil Luria joins The Morning Brief to give insight into Apple's latest development, why he feels bullish over this announcement, and why he feels it will be a catalyst for iPhone sales. "We think that the consensus estimate was for iPhone to grow about 5% next year, with the year that includes the new iPhone 16. We actually increased our numbers to 10%. The growth for iPhone 12 was far higher than that," Luria says. "We think 10% reflects the fact that this is compelling and that you will need to use a new phone in order to be able to use all these AI capabilities that are now interwoven in the entire iPhone experience." For more on Apple and OpenAI's latest venture, click here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Yahoo FinanceThe stock market rally has been all about large caps
The largest stocks in the S&P 500 have seen the biggest gains in 2024 as the group has shown stronger earnings growth and a resilience to higher interest rates.
- Yahoo Finance Video
Apple AI announcements are 'table stakes': Strategist
Apple (AAPL) has unveiled a partnership with OpenAI at its Worldwide Developers Conference. Harvest Portfolio Management co-chief investment officer and Wall Street Beats partner Paul Meeks joins Asking for a Trend to break down Apple's latest AI initiatives and investor reactions. "They made AI announcements that were essentially table stakes," Meeks explains. "It'll sell some iPhones, but I don't know if it's going to be significant enough to get the bulls even more excited if you get the stock close to what is already an all-time high." He is skeptical that these advancements will jumpstart an iPhone upgrade cycle, adding that part of the lift of the cycle will be due to simply upgrading old models. "There's a lot of money going into AI infrastructure builds, and that will continue for a while. But the AI apps, the follow-on, I don't know if there are going to be that distinctive," Meeks tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Melanie Riehl
