Core Insights - Corning's facility in Harrodsburg, Kentucky will exclusively produce cover glass for all iPhones and Apple Watches globally, marking a significant shift in manufacturing to the U.S. [3][16] - The partnership between Corning and Apple emphasizes innovation, with a $2.5 billion investment aimed at enhancing product durability and quality [6][12] - The new ceramic shield technology developed by Corning is approximately 50% stronger than previous versions, contributing to the durability of Apple devices [8] Company Developments - Corning is committing to a major expansion in the U.S. to meet the demand for cover glass, which was previously sourced from other locations [3][17] - The collaboration between Corning and Apple has been ongoing for nearly two decades, focusing on high integration and innovation in product development [14] - Corning's expertise in glass manufacturing is highlighted as a competitive advantage that is difficult for competitors to replicate [14][16] Industry Trends - The move to produce cover glass in the U.S. aligns with broader trends of reshoring manufacturing to enhance supply chain resilience [10][16] - Apple is also investing in semiconductor manufacturing in the U.S., indicating a strategic shift towards local production across its supply chain [12][20] - The focus on high-quality materials and innovative designs is driving the evolution of consumer electronics, with companies like Corning playing a crucial role [5][9]

Group 1 - Apple is dedicating a manufacturing facility in Herodsburg, Kentucky, to produce 100% of the cover glass for all iPhones globally [2][4] - The decision to manufacture in the U.S. reflects a shift from outsourcing to domestic production, emphasizing innovation and quality [2][3] - The partnership involves a significant investment of $2.5 billion, highlighting the commitment to innovation and future product development [4][5] Group 2 - The new ceramic shield technology is approximately 50% stronger than the previous Gorilla Glass, enhancing durability while maintaining a lightweight design [7] - The collaboration between engineering teams is focused on developing future generations of products, showcasing ongoing innovation [6][5] - The advancements in glass technology are expected to lead to creative and stunning designs for future Apple products [7][6]

Welcome to the rap. I'm Marley Kaden here to take you through this week's market action. All major indices closed out the week with a win.The NASDAQ rallied almost 2% while the S&P added 1 and a half. The Dow closed the week 1% higher. The Russell tacked on a quarter%.All sectors saw gains with the exception of consumer staples. Tech was the biggest winner, rallying 3% throughout the week. Utilities saw significant gains as well, closing almost 2 and a.5% higher.The biggest move of the week was seen after O ...

Apple has reportedly delayed the launch of its new, thinner smartphone, iPhone Air, in China due to a need for regulatory approval.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The iPhone Air uses an electronic S ...

Apple CEO Tim Cook told CNBC's Jim Cramer why his company is investing $2.5 billion to manufacture glass in Corning's Kentucky factory, praising the company's technology."This is the place to put it," Cook said of his investment in Corning. "I feel very confident in that, because when you look at innovation, when you look at the cost, when you look at the quality, these are all things that are factor into our decisions — this is a great place."Apple announced the lofty investment last month and said all gla ...

Core Viewpoint - The demand for the iPhone 17 is expected to increase by approximately 5-10% year-over-year compared to the iPhone 16, with a notable influence from the Chinese market [2][7]. Group 1: Demand and Market Sentiment - Pre-order activity for the iPhone 17 is projected to rise by 5-10% year-over-year [2]. - Current market sentiment towards Apple is negative, with expectations for iPhone unit growth being revised from 4-5% to potentially 7-8% [7][15]. - There are 315 million iPhones that have not been upgraded in over four years, indicating significant pent-up demand [8]. Group 2: Strategic Partnerships and AI - The recent DOJ ruling favoring Google is seen as a positive development for Apple, potentially leading to a renewed partnership between the two companies [11][13]. - A deal with Google is anticipated to be announced before the end of the year, which could significantly impact Apple's AI capabilities and market position [14][17]. - The collaboration with Google is crucial for Apple, as it seeks to enhance its AI offerings and maintain competitiveness in the tech industry [16][18]. Group 3: Price Target and Future Outlook - The price target for Apple is set at $270, with potential for it to rise to $350-$400 if AI developments materialize effectively [5]. - The overall market expectations for Apple are considered too conservative, suggesting that upward revisions in forecasts are likely [4][6].

It's interesting how we sat on the desk the day of the Apple event and we said, you know what, you know, this is not this is just a thinner phone. What's the big deal. And then the narrative is has sort of changed here and I'm just wondering if you agree with that change.I'm a little surprised actually. I figure so you're talking about all right, they don't need to build it in house, but they know they need it, right. So why wouldn't you wait till they have it to get that incorporates.It's Friday afternoon. ...

Here are some of the major companies whose stocks moved on the week's news. ...

But joining us now to talk about Apple and tech overall is Gene Muner from Deep Water Asset Management. Gan, it's great to have you on. And let's start right there.Hello. Big week for Apple. What were your takeaways.Well, Morgan, I just first that clip you just realized what a great salesperson Tim Cook is. I remember back when uh Steve was with us and he would just be the master and people said uh you know Tim just could never be that salesperson. So uh fun to see uh Tim over the years evolve into that rol ...

Stock buybacks, also known as share repurchases, are common practices for many companies to allocate capital. When a company buys back its own stock, it reduces the number of outstanding shares available, which can raise the stock price if demand stays the same. Buybacks usually come out of a company’s free cash flow (FCF), which can make them controversial. A company may repurchase its shares for many reasons, including a belief that its stock is undervalued. However, growth-oriented investors may steer cl ...