Apple Boosts iPhone Orders By 10%, Betting On AI Upgrade Supercycle 
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Apple Boosts iPhone Orders By 10%, Betting On AI Upgrade Supercycle 

zerohedge

Tech giants recognize a massive opportunity with artificial intelligence, leading them to integrate AI features into their devices. This move towards AI-enhanced hardware could spark a larger-than-normal smartphone upgrade cycle this fall, especially following Apple’s upcoming event in just weeks, where they are expected to unveil the latest version of the iPhone with AI. 

Apple has prepared for increased iPhone orders. A report from Nikkei specifies the world’s most valuable company ordered components and parts for between 88 million and 90 million iPhones, compared to initial orders of around 80 million.

One supplier was quoted as saying iPhone orders could exceed 90 million. However, the supplier noted Apple usually orders more units and adjusts production as iPhones go on sale. 

“We are quite cautious over Apple’s robust orders, as we know the Chinese market is definitely going to provide tough competition due to geopolitics,” an executive at one of Apple’s suppliers said. 

Goldman’s Lauren Rowe pointed out to clients, “Overnight an initial knee jerk lower in Tech with Semis and AI stocks initially lagging but subsequently reversed with HK leading in the region with some focus on Apple supply chain on the news of orders for iPhones up 10% versus previous year.” 

Apple’s big event is expected to kick off on September 9. Anticipated product unveilings include the new iPhone 16, Apple Watch Series 10, Apple Watch Ultra 3, and Apple AirPods 4. It’s likely Apple executives will provide more color on the AI platform Apple Intelligence

According to Wedbush analyst Dan Ives, the AI-enabled iPhone 16 will unleash Apple’s biggest upgrade cycle in history. 

“AI is on the doorstep,” Ives said, adding, “Our recent Asia checks are giving us more confidence this upgrade cycle will unleash a long-awaited renaissance of growth for Cupertino over the next year.”

Ives said the next phase of the consumer AI revolution will involve developers and other tech firms integrating their AI models/tech into Apple Intelligence. 

“We expect developers over the next 6 to 12 months will build hundreds of generative AI-driven apps that will be key ingredients in the recipe for success for Apple as its technology stack creates the core building blocks of the consumer AI tidal wave we see coming starting with iPhone 16,” he added.

Goldman’s Kash Rangan noted days ago how Apple AI will help “drive an uplift in iPhone demand”: 

“At WWDC in June 2024, Apple announced Apple Intelligence, a personal intelligence system which includes features including 1) improved Siri capabilities (deeper language understanding, text communication with Siri, tailored responses driven by user activity and information, etc), 2) language features including writing tools that rewrite and summarize text across apps including Mail, Notes, and Pages, and 3) image features including Image Playground (image generation), new Genmojis, improved photo editing features, and more advanced search capabilities within a user’s photo library. Apple Intelligence will only be available for the iPhone 15 Pro, iPhone 15 Pro Max, as well as future later models. Apple Intelligence should be released in the fall of 2024 and we believe these features should 1) should drive product upgrades as customers refresh older iPhones to access AI capabilities; 2) continue to drive a mix shift towards premium models, which should drive continued uplift in ASP; and 3) could present an opportunity for an iPhone price increase. Accordingly, we forecast F2024/25/26 iPhone sell-in units of 232/241/257mn (+2/+4/+7% you).”

Apple’s stock has risen by nearly 18% this year, reaching $226 per share, which gives the company a market capitalization of approximately $3.4 trillion.

The bigger question is whether consumers are willing to fork over $1,000 or more for new smartphones in a period of elevated inflation and sky-high interest rates, thanks to the Biden-Harris team. 

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Originally Posted at; https://www.zerohedge.com//

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Chinese Jets Tail US Spy Plane While Making 1st Pass Over Taiwan Strait In 5 Months

Chinese Jets Tail US Spy Plane While Making 1st Pass Over Taiwan Strait In 5 Months

Chinese Jets Tail US Spy Plane While Making 1st Pass Over Taiwan Strait In 5 Months

China says it sent warplanes to monitor and mirror a US military reconnaissance plane as it flew over the contested Taiwan Strait on Tuesday, according to statements of the People’s Liberation Army (PLA).

The PLA’s Eastern Theater Command identified the aircraft as a US Navy P-8A Poseidon patrol plane. A statement said the PLA “organized warplanes to tail and monitor the U.S. aircraft’s flight and handled it in accordance with the law.”

US Navy file image: P-8A Poseidon, capable of hunting submarines

“Theater command troops will remain on constant high alert and resolutely safeguard national sovereignty and security as well as regional peace and stability,” the statement added.

The US Navy’s 7th Fleet later confirmed, “The aircraft’s transit of the Taiwan Strait demonstrates the United States’ commitment to a free and open Indo-Pacific.” It asserted in response to Beijing’s condemnation: “The United States military flies, sails and operates anywhere international law allows.”

“The Poseidon on Tuesday encountered foreign military forces, but the flight was not affected,” the US Navy indicated. “All interactions with foreign military forces during the transit were consistent with international norms and did not impact the operation,” the statement noted.

Tuesday’s fly through marked the US Navy’s first aerial transit of the vital strait in five months. Days prior, the German frigate Baden-Wuerttemberg and support ship Frankfurt am Main made their own transit.

The German pass-through was much rarer, a first in over two decades, and suggests deepening NATO forces’ involvement in the Taiwan issue.

This past summer, Taiwan’s foreign ministry had stated that it “welcomes NATO’s continuous increase in attention to peace and stability in the Indo-Pacific region in recent years, and its active strengthening of exchanges and interactions with countries in the Indo-Pacific region.”

Median line incursions by Chinese military assets have seen an uptick ever since the election victory last January of new Taiwan President Lai Ching-te, which Beijing has called a ‘separatist’. China’s Foreign Ministry has repeatedly vowed that “The determination of China to safeguard its sovereignty and territorial integrity remains unrelenting.”

Tyler Durden
Wed, 09/18/2024 – 21:20

zerohedge
U.S. says thwarted Chinese 'state-sponsored' cyber attack

U.S. says thwarted Chinese ‘state-sponsored’ cyber attack

The US Justice Department on Wednesday said it had neutralized a cyber-attack network that affected 200,000 devices worldwide, alleging it was run by hackers backed by the Chinese government. The malware infected a wide range of consumer devices, including routers, cameras, digital video recorders and network-attached storage devices, according to a US statement, with the […]

The post U.S. says thwarted Chinese ‘state-sponsored’ cyber attack appeared first on Insider Paper.

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Nine US Senators Launch Inquiry Into Kamala Harris’ Failure As ‘Broadband Czar’

Nine US Senators Launch Inquiry Into Kamala Harris’ Failure As ‘Broadband Czar’

FCC Commissioner Brendan Carr criticized the Biden-Harris administration, pointing out that their $42.45 billion program to bring high-speed internet to rural America has yet to connect a single person. He said it had been 1,038 days, and “not a single person has been connected” since the program debuted.

Carr on X pushed out a post in the early afternoon of Wednesday featuring a new letter from nine US senators, including Sen. John Thune (R-S.D.) and Sen. Ted Cruz (R-TX), stressing concern about VP Harris’ time as ‘broadband czar’ entirely mismanaged the $42.45 billion program to connect rural America. Considering that not a single home in rural America has been connected, the senators warned that the failures are piling up for VP Harris, citing her failure as ‘border czar.’

Dear Vice President Harris:

We are writing to express serious concerns regarding your role as the Biden-Harris administration’s “broadband czar” and the mismanagement of federal broadband initiatives under your leadership. It appears that your performance as “broadband czar” has mirrored your performance as “border czar,” marked by poor management and a lack of effectiveness despite significant federal broadband investments and your promises to deliver broadband to rural areas.

As you are aware, Congress, through the Infrastructure Investment and Jobs Act, provided the National Telecommunications and Information Administration with $42.45 billion for the Broadband, Equity, Access, and Deployment (BEAD) program. These funds are intended to provide broadband access to unserved communities, particularly those in rural areas.

In 2021, you were specifically tasked by President Biden to lead the administration’s efforts to expand broadband services to unserved Americans. And at the time, you stated, “we can bring broadband to rural America today.” Despite your assurances over three years ago, rural and unserved communities continue to wait for the connectivity they were promised. Under your leadership, not a single person has been connected to the internet using the $42.45 billion allocated for the BEAD program. Indeed, Politico recently reported on “the messy, delayed rollout of” this program.

Instead of focusing on delivering broadband services to unserved areas, your administration has used the BEAD program to add partisan, extralegal requirements that were never envisioned by Congress and have obstructed broadband deployment. By imposing burdensome climate change mandates on infrastructure projects, prioritizing government-owned networks over private investment, mandating the use of unionized labor in states, and seeking to regulate broadband rates, your administration has caused unnecessary delays leaving millions of Americans unconnected.

The administration’s lack of focus on truly connecting the unconnected has failed the American people and represents a gross misuse of limited taxpayer dollars. The American public deserves better.

‘All-In’ podcast host Jason Calacanis recently said, “Our government is corrupt and stealing our money. United airlines just put Starlink on 1,000+ planes, but the FCC claims we need to spend 5-10k per rural home for wired connections?!? These homes are putting starlink in on their nickel while they wait for a cable modem in 10 years — wtf??? Pure corruption or insane stupidity — you decide!”

Carr recently chimed in and said Elon Musk’s Starlink offered the FCC a secured commitment of $1,300 per household for 640,000 rural locations. He said in 2023, the federal government rejected Starlink and decided to spend $100,000 per location. 

Musk said Wednesday that the FCC rejected Starlink because of “lawfare.” 

Here’s what X users are saying about an inefficient and what appears to be a ‘corruption’ within the Biden-Harris admin:

Good question.

* * *

Tyler Durden
Wed, 09/18/2024 – 18:00

zerohedge
Fears of all-out war as new Lebanon device blasts kill 14, wound 450

Fears of all-out war as new Lebanon device blasts kill 14, wound 450

A second wave of device explosions killed 20 people and wounded more than 450 others on Wednesday in Hezbollah strongholds in Lebanon, officials said, stoking fears of an all-out war with Israel. A source close to Hezbollah said walkie-talkies used by its members blew up in its Beirut stronghold, with state media reporting similar blasts […]

The post Fears of all-out war as new Lebanon device blasts kill 20, wound 450 appeared first on Insider Paper.

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