Here’s all the cool stuff Apple announced at their event 🤩
Wednesday, 15th September 2021 by Gotrade
Hey Gotraders,
Apple (AAPL) had its technology event yesterday. Apple announced a bunch of new products, and I am pretty sure Apple fans felt like kids in a candy store.
Apple kicked off the event by previewing some of the shows it plans to show on its Apple TV+ streaming service. Apple has invested billions into new video content, including shows starring Reese Witherspoon and Jon Stewart. Nice!
The highlight of the event was the unveiling of the iPhone 13 series - the iPhone 13, iPhone 13 mini, iPhone 13 Pro, and iPhone 13 Pro Max.
The new iPhones have better battery life and camera functionalities such as “cinematic mode” that can hold focus on a moving subject. The new iPhones will have 5G connectivity that works in 60 countries.
They also launched the Apple Watch Series 7, and the new iPad and iPad mini.
The new Apple Watch has a larger, more rounded screen, and is able to display more information on it. It comes with several new watch faces, including a face that tracks time zones around the world. Pretty cool!
The new low-cost iPad has a faster A13 processor and a better, 12-megapixel front-facing camera for improved video calls. It also has a wider lens to capture more people in a single scene and can have an LTE wireless connection.
The iPad mini has a smaller 8.3-inch screen. It has smaller bezels with no fingerprint sensor on the front and has a 12-megapixel rear camera and stereo speakers.
Are you giddy with excitement, yet?
Apple also mentioned that it will be expanding its workout streaming subscription, Fitness+, to several new countries. They will be making videos in six new languages, including Spanish. They will also be adding workouts for winter sports, and enabling Group Workout sessions. Cool!
You can watch the full event here.
Why is this important? The global chip shortage has affected Apple. They are one of the few companies that have decided to tackle the chip shortage by developing its own chip. They have used their own Apple-designed chip, called the A15 Bionic, in some of the new products they are launching. The Apple chip has six cores and a specialized portion for running artificial intelligence algorithms. This will enable them to stay ahead of their competitors who have no choice but to pause or delay productions due to the shortage of semi-conductor chips.
Apple will soon be competing with streaming companies such as Netflix (NFLX) and Disney (DIS) with its Apple+ streaming services, and also with fitness companies such as Peloton (PTON) with its Fitness+ service. Well done, Apple!
📈 Google slapped with $177 million fine by South Korean regulators 💸
Here we go, another antitrust violation. This time, Google (GOOG) has been fined $176.9 million (207.4 billion Korean won) by South Korean regulators.
What did they do? Presently, Google requires smartphone makers to agree to an “anti-fragmentation agreement (AFA)” when signing key contracts with Google over app store licenses and early access to the operating system. The agreement prevents device makers from installing modified versions of the Android operating system on their handsets.
Regulators allege that this current practice stifles innovation in the development of new operating systems for smartphones. The regulators have asked Google to stop forcing companies to sign AFAs.
Shares of Google are up 65.96% year-to-date and closed at $2,868.12.
📉 Alibaba leads $300 million investment into DeepRoute.ai 💰
Alibaba (BABA) is not just an e-commerce and technology company. In case you weren’t aware, they have investments in a couple of autonomous driving companies such as AutoX and XPeng (XPEV). Alibaba even has its own logistics arm called Cainiao which plans to develop self-driving trucks. Hmmm… Interesting!
Alibaba has led investments worth more than $300 million into yet another autonomous driving company - DeepRoute.ai. DeepRoute.ai runs a fleet of autonomous taxis with some operated by its ride-hailing partners such as CaoCao and automaker Dongfeng Motors. DeepRoute.ai also manufactures self-driving systems for vehicles that involve hardware and software.
Shares of Alibaba are down 29.71% year to date and closed at $160.15.
Top movers & shakers 🎢
What else is making headline news 📰
Kevin O’Leary says he wants to more than double his crypto holdings to 7%.
Oracle (ORCL) falls short on revenue as it ramps up cloud investment.
Analysts explain how the Apple (AAPL)-Epic court ruling could affect Google (GOOG).
Intuit (INTU) to buy email marketing company Mailchimp for $12 billion in cash and stock.
SEC Chair: Coinbase (COIN) lists dozens of tokens that might be securities.
Digital Yuan goes head to head with Alipay, WeChat in Beijing.
Ant Group and Coinbase (COIN) will not be alone in the regulators’ crosshairs.
Oil rises to a six-week high as U.S. supply concerns dominate.
Apple (AAPL) issues urgent iPhone software update to address critical spyware vulnerability.
Popular companies releasing earnings this week 💰
Friday: Manchester United (MANU)
A company’s market value may fluctuate considerably around the time that the earnings report is expected to be published. Stock prices may rise or fall according to analysts' speculative estimates, released prior to the actual earnings announcement.
The earnings season can be a time of great opportunity since better-than-expected figures could cause a company’s stock to greatly increase in value. Worse-than-expected results could have the opposite effect.
That’s all from us for now.
Signing out,
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