Apple plans to unveil its first touchscreen MacBook Pro at an October 28 event, which is also expected to feature refreshed iPad and iMac models built around new M-series chips. The launch is one of the first major product direction decisions under new CEO John Ternus, and a touchscreen Mac would move Apple closer to the 2-in-1 PC and tablet segment where Windows devices have competed for years. The article says developers adopting touch-friendly Mac apps could deepen usage among creative, enterprise and education buyers already using iPad and iPhone. Analysis describes the event as largely extending the existing narrative that AI-focused hardware and custom silicon are upside drivers, with execution and memory costs as the test. The near-term signal will be how quickly the new models appear in reported Mac and iPad segment revenue over a couple of quarters, with enterprise and education adoption as key points to watch.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
AAPLartificial intelligencesemiconductors
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/22/2026 | 348.22 |
| Change that session | +1.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Chips Are Selling Off and Apple Just Hit a New High. What Splits the AI Trade
Chip stocks sold off last week, with the iShares Semiconductor ETF (NASDAQ:SOXX) down 13.31%, while Apple (NASDAQ:AAPL) rose 2.11% and sits about 1.5% below its 52-week high. The article argues Apple benefits from AI by selling it across more than 2.5B active devices, rather than through heavy infrastructure spending like hyperscalers, and notes revenue grew 16.4% year over year last quarter. The stock trades at $342.96 against a 24/7 Wall St. 12-month target of $397.78 (15.99% upside), with a bull case of $451.56 driven by Siri AI and iCloud Plus upgrades. Risks include memory costs, which Cook called “a 100-year flood,” and gross margin guidance of 47% to 48%; the consensus target of $329.38 sits below the current price. The piece also compares Apple’s P/E with NVIDIA and Microsoft, concluding Apple has less exposure to AI infrastructure spending.
- iPhone Duo: Apple opens pre-orders for new folding phone – and has already run out
Apple has opened pre-orders for the iPhone Duo, its first folding phone, but buyers were told within about half an hour that orders would not ship until January. Customers ordering on the US and UK stores at 1.30pm UK time were given a 22 January delivery date, months after the device goes on sale on 23 October. The Duo starts at $1,999 and can reach $3,199 with extra storage, and Apple had warned supply would be limited. Reports point to the complex new hinge design and tight, costlier chip supply across the industry as reasons Apple struggles to meet demand.
- AI boom triggers record slump in smartphone sales
Global smartphone sales fell to their lowest level in more than a decade in the third quarter, dropping a record 22%, according to IDC. Manufacturers shipped 255 million phones, the weakest quarter since 2013. Samsung and Apple saw declines of 5.8% and 4%, while makers of cheaper devices popular in developing countries fell much more steeply. Memory chip prices surged due to demand from AI data centres, with memory costs up 350% this year and potentially making up as much as half of a phone's cost. IDC warned that memory prices were still rising, so the downturn is likely to continue into next year as buyers keep their devices longer.
- Apple retakes $5 trillion market cap, only second company to eclipse milestone number
Apple's market capitalization crossed $5 trillion again on Wednesday, months after first reaching that level in late July, and the stock rose more than 1% that day. The stock is up roughly 26% year to date and nearly 40% over the past 12 months. The milestone follows John Ternus taking over as CEO from Tim Cook, who stepped down on Sept. 1, and strong iPhone sales in 2026 driven by an upgrade cycle. Investors have also welcomed Apple's AI moves, including a Google partnership and Siri AI updates still in beta, while a memory and storage shortage has forced price increases on iPhones, iPads and Macs, raising fears about sales.
- Is Demand for Apple’s iPhone 18 Pro Weakening? Jefferies Reports Shorter Delivery Times and Order Cuts
Jefferies, citing a note from analyst Edison Lee published Monday, says demand for the iPhone 18 Pro and Pro Max keeps weakening, based on delivery times, resale prices and supply-chain information. In China, delivery time is now zero days versus six and 25 days for last year’s Pro and Pro Max, PDD has offered discounts of about 6% and 9% since October 16, and resale prices have fallen below original retail. Supply-chain contacts say Apple has cut orders for some components by 10% to 15%, including 2-nanometre chips, though the net reduction in final assembly orders is about 2 million units. iPhone volumes in China rose more than 40% in the first two weeks of shipments before moderating to about 8% in early October, partly due to discounted sales of remaining iPhone 17 Pro and Pro Max inventory. For the foldable Duo, delivery lead times exceed 90 days after pre-orders opened on October 16, and Jefferies estimates shipments could reach 6 million to 7 million units in 2026.
- Apple Is Just $42 Billion Away From Passing Nvidia as the World's Most Valuable Company
Apple closed at a record $348.22 on Thursday, giving it a market value of $5.082 trillion, just $42 billion behind Nvidia at $5.124 trillion, while Nvidia fell 4.40% to $212.21 in an AI chip selloff. The Nasdaq Composite dropped 2.60% and the Philadelphia Semiconductor Index lost 6.7%, and Michael O'Rourke of Jones Trading called it the most widespread selling of the AI trade this year. Year to date, Apple is up 28.44% and Nvidia is up 14.05%. The article notes that the race could hinge on Apple's fiscal fourth-quarter report on November 2, with Apple trading at 45 times earnings, while Nvidia, at 43 times earnings, is expected to report around November 18.
Related markets
Latest news
- Robinhood quarterly revenue rises 12% as event contracts, options offset crypto slump
Robinhood's third-quarter revenue rose 12% year over year to $1.42 billion, in line with expectations, as growth in options, event contracts and other financial services offset a slump in crypto. Earnings per share were 51 cents. Transaction revenue grew 19% to $867 million, with event contracts revenue up more than 500%, options up 31% to $399 million and equities up 41% to $121 million. Cryptocurrency revenue fell 55% to $120 million, and shares dropped 3% in after-hours trading because total transaction revenue still fell short of StreetAccount estimates. Net deposits reached $15.7 billion in the quarter, equal to a 17% annualized growth rate.
- Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans
Ripple's RLUSD stablecoin went live on Robinhood Chain and the Bitstamp exchange and is expected to reach the main Robinhood app later this year. Robinhood will use Ripple Treasury to run its global cash operations and RLUSD on the XRP Ledger for institutional settlement at Bitstamp. Ripple Prime already provides Bitstamp with lending across roughly 20 digital assets, and Ripple paid $1.25 billion for the firm, formerly called Hidden Road. RLUSD launched in 2024 and has a market capitalization that tops $2.5 billion. Robinhood, with 28.6 million funded customers, pared back its crypto listings during the SEC crackdown on Ripple and other companies, and its crypto transaction revenue fell 34% in the first quarter to $134 million.
- Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans
Ripple's RLUSD stablecoin went live on Robinhood Chain and the Bitstamp exchange and is expected to reach the main Robinhood app later this year. Robinhood will use Ripple Treasury to run its global cash operations and RLUSD on the XRP Ledger for institutional settlement at Bitstamp. Ripple Prime already provides Bitstamp with lending across roughly 20 digital assets, and Ripple paid $1.25 billion for the firm, formerly called Hidden Road. RLUSD launched in 2024 and has a market capitalization that tops $2.5 billion. Robinhood, with 28.6 million funded customers, pared back its crypto listings during the SEC crackdown on Ripple and other companies, and its crypto transaction revenue fell 34% in the first quarter to $134 million.
- Generac (GNRC) Stock Could Be 36% Undervalued After Backup Power Deal
Generac Holdings (GNRC) shares were priced at US$189.23, and the stock has returned about 130.1% over the past 3 years. The article questions whether that price is supported by projected cash flows, especially after a long-term backup power agreement with Amazon with deliveries planned for 2027 and 2028. Using a two-stage free cash flow to equity DCF model, with latest free cash flow of about $386.3m and projections growing toward 2030, the article says intrinsic value is substantially above the current price, while the headline cites a 36% undervaluation. The stock trades at a 43.3x P/E.
- How Anthropic could be the 'biggest, baddest, most consequential IPO in history'
Ray Wang of Constellation Research discusses the AI landscape and Anthropic's (ANTH.PVT) IPO filing with Yahoo Finance. Broadcom is now Anthropic's main chip supplier, and a Wall Street Journal report says it spent two months trying to get banks to commit over 40 billion dollars to develop chips in time for the IPO. Wang argues chip demand still outstrips supply, benefiting Broadcom and AMD, and expects demand to last two to three years. Meta fell on news it plans to sell about 100 billion dollars of stock to fund its AI buildout, and Nvidia, Broadcom and AMD are reportedly interested in buying some of the shares, raising concerns about circular financing. Wang sees high concentration risk but is not worried over a 12 to 18 month horizon, and expects Anthropic's valuation to reach around 1.92 trillion dollars while raising about 100 billion, above SpaceX's 86 billion.
- PayPal Just Raised Its Profit Forecast, and the Stock Barely Moved. Here's Why
PayPal's third-quarter adjusted EPS rose 8% year over year, beating analyst estimates, and management raised full-year profit guidance, yet the stock was up only 1% at 2 p.m. ET on earnings day. Revenue grew 2% to $8.58 billion, below expectations, and branded checkout payment volume rose just 1% on a currency-neutral basis, the fourth straight quarter in the 1% to 2% range, while the take rate fell to 1.58% from 1.64%. Venmo payment volume grew 14%, BNPL volume 25%, and US PayPal and Venmo debit card volume more than 60%. Most earnings growth came from cost cuts, with over 2,000 roles eliminated and savings targeted at over $1.5 billion annually, plus $6 billion of buybacks over 12 months that cut the weighted share count by 11%. The article argues the market doubts the core business will grow again, noting the stock trades below 10 times expected 2026 earnings.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.