A Rough Start to the New Year for AAPL - MOSK: 01.03.2024

Mac OS Ken

Ken Ray

Technology

4.7 • 996 Ratings

🗓️ 3 January 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

- An Unhappy Start to 2024 for AAPL - Nikkei: Japan May Require 3rd-Party App Stores and Payments for Apple and Google - Apple Watch Activity Rings Get Customizable Goals - Apple Preparing 1099-INT Forms for Apple Card Savings Users - New North American Stores Planned for Apple - Japanese New Year Apple Promotion Underway - Free Meta Quest App Tops in App Store on Christmas Day - On Heels of Season Three Finale, Apple Orders Fifth Season of "Slow Horses" - Check Out the Latest Checklists by SecureMac - online at checklist.libsyn.com - Catch Ken on Mastodon - @macosken@mastodon.social - Chat with us in Patreon for as little as $1 a month. Support the show at Patreon.com/macosken - Send me an email: info@macosken.com or call (716)780-4080!

Transcript

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0:00.0	The This is Mac OSKIN.
0:17.0	Apple shares get a rough start for 2024, Japan eyes new regulations for app stores, and some
0:26.3	seemingly new controls over Apple watch activity rings.
0:30.7	Happy New Year fellow babies, it is Wednesday, 3rd of January 2024.
0:36.4	I'm Ken Ray and this is news from Macco-West Ken, brought to you by yours truly and supported by people like you.
0:47.8	Patrons through Patreon.
0:51.0	Find out more and add your support at Patreon.com slash MacoS
0:57.6	camp.
1:00.0	Apple lost 100 billion dollars in market value on Tuesday, the first trading day of 2024.
1:09.3	Happy yikes.
1:11.3	While there are a few hurdles ahead with the Gubertino Company, a piece from Fortune puts Tuesday's
1:16.1	drop at the feet of Barclay's analyst Tim Long.
1:20.2	In a note on Tuesday, Long cut his 12 month price target on Apple shares by a dollar
1:26.6	and reduced his rating on the shares from neutral weight to underweight. That is the equivalent of a cell according to the folks at tip ranks.
1:36.5	What's got long turned off?
1:38.2	Well it wouldn't really be accurate to say he was ever turned on where Apple is concerned.
1:44.0	A piece from Apple insider on the issue says the analyst has tended to be pessimistic about
1:49.2	Apple since Barclay's resumed covering its stock in 2019. As for why the underweight rating, he says
1:57.8	iPhone 15 sales have been lackluster, especially in China.
2:04.2	And in a sentence you have to love for its loveliness, Fortune says Long also expects
2:09.8	sales of the iPhone 16, which is set to be released in September, to be weaker than expected.
2:19.0	He's expecting that.
	...

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