[Applause] All my life I've wanted to build incredible things. It blows my mind how beautiful of a world people have built. A world that allows all of us to be in this hall today from every part of the earth.It blows my mind that we have smartphones and that they're kind of so pedestrian now that I'm almost embarrassed to be impressed by them. But all these things like this, it blows my mind that two weeks ago I had a brief surgery to reconstruct my failed knee and I'm already back to hobbling around a bit. ...

RT Bloomberg en Español (@BBGenEspanol)El dólar subió después de que Donald Trump restara importancia a su enfrentamiento con Jerome Powell; Argentina logró un acuerdo con el personal técnico del FMI; y @gutavsaraiva nos cuenta sobre la disminución de compras de los turistas que visitan EE.UU.Spotify: https://t.co/A389KdXLv9Apple: https://t.co/UGN2XhLxNjYoutube: https://t.co/MSwGK62gMX ...

Our next guest is the co-executive producer behind a new original podcast on Apple. It is titled Easy Money, the Charles Ponzi story which debuts on Monday. Joining us right now is Will Malnati.He's the uh founder and CEO of Atill Media. Did I capture your last name properly or did I just totally butcher it. >> No, I was right.Got it. >> Okay. I got I got a little worried there for a second.Um, I want to get into this podcast and I want to get into the economics of podcasting because you you haven't just pr ...

Core Viewpoint - The Dutch consumer protection agency has delayed its ruling on Apple's commission issues due to ongoing negotiations between Apple and the European Commission [1] Group 1 - The delay in the ruling is a direct result of the discussions taking place between Apple and the European Commission [1]

Core Viewpoint - Apple stock has declined 15% year to date, but Wall Street analysts remain optimistic ahead of the upcoming earnings report, with a median target price of $236 per share, indicating a potential 10% upside from the current price of $214 [1][2]. Group 1: Financial Performance - Apple reported a 5% increase in revenue to $95 billion and a 5% rise in GAAP net income to $24.8 billion [4]. - Earnings are expected to grow 1.4% to $1.42 per diluted share, with revenue projected to increase 3.6% to $88.9 billion for the upcoming quarter [12]. Group 2: Market Challenges - The company faces headwinds from tariffs, with potential import taxes posing a 7% risk to earnings if the U.S. imposes tariffs on India, Vietnam, and China [5]. - Concerns about Apple's artificial intelligence strategy persist, as analysts have noted a lack of consumer interest in AI features and delays in promised upgrades for Siri [6][7]. Group 3: Market Expectations - Wall Street has set a low bar for Apple's upcoming earnings report, with the company having historically beaten consensus estimates by an average of 2.5% over the past four quarters, yet shares fell by an average of 1.2% post-report [8]. - Options pricing indicates a potential 3.5% move in stock price following the earnings report, suggesting a closing range between $207 and $222 [9]. Group 4: Valuation Concerns - Despite the stock's decline, Apple remains expensive with a current valuation of 30 times earnings, leading to a PEG ratio above 5, which is traditionally considered overvalued [10]. - The company has not introduced a groundbreaking new product in over seven years, raising questions about its innovation capabilities and future stock performance without new catalysts [11].

Group 1: Investment Activity - Terry Smith, known as the "Warren Buffett of Britain," has completely sold his stake in Apple, which was previously Berkshire Hathaway's top holding [6][8] - Fundsmith's 13F filings indicate that Smith's fund increased its stake in Zoetis by 1,020% in just three months, purchasing 2,319,158 shares [16][17] Group 2: Company Performance - Apple's stock price increased from the $150s to the $220s between Q3 2022 and Q3 2024, prompting profit-taking by Smith [9] - Despite a share buyback program that has repurchased approximately $775 billion worth of stock, Apple's net income fell from $94.7 billion to $93.7 billion from fiscal 2021 to fiscal 2024 [8][12] Group 3: Market Trends - The global animal health market is projected to grow from $67 billion in 2024 to $149 billion by 2032, driven by demand for livestock medicines and companion animal care [18] - Zoetis holds a significant market share in the animal health sector, with over 300 products and 17 therapies generating at least $100 million in annual sales [20] Group 4: Valuation and Growth Potential - Zoetis is trading at less than 22 times the forecast EPS for 2026, representing a 34% discount to its average forward-year earnings multiple over the past five years [22] - The company has been actively acquiring businesses to enhance its product and service ecosystem, ensuring stability despite potential loss of exclusivity on individual drugs [21]

Market Outlook & Strategy - The firm believes the bull market is very much alive, but cautions that market targets are academic and strategies should be based on process and discipline [4][6] - Discretion is advised, and the firm moved its target from 6760 to 6100, then back to 6700 based on changing signposts [2][3] - The firm emphasizes sticking with great stocks, even when they are down, as this strategy has paid off [6] - Broadening out is expected, with decent performance in Europe and emerging markets, potentially followed by value and small cap [14] Portfolio Management & Stock Selection - The firm maintained its sector and stock allocations, resulting in strong quarterly performance [5] - The firm doubled down on Google and added it to the value portfolio, viewing it as a broken growth story [9] - Apple is considered a cash machine, and betting against the US consumer and Apple is not advisable [10] - The firm was underweight healthcare due to pipeline, cash flow, and vaccine rhetoric concerns, focusing more on Gilead and United Health Care [15][16] Sector Analysis - Financials are considered the cheapest sector with fundamentals, while healthcare could be a value trap [16] - For healthcare, the firm is looking for earnings revisions to be completely negative before feeling more confident [17] - Concentration in the market is partially due to the new world, similar to the Nifty 50 stocks in the 1990s, driven by liquidity [12]

Core Insights - The Fourth Industrial Revolution is transforming industries through enhanced efficiency, automation, and connectivity, driven by technologies like AI, IoT, and 5G [1][2] - Companies that leverage these technologies are positioned to attract investment, as they are expected to generate significant profits [2] Industry Overview - The IoT is experiencing a double-digit CAGR, with projections estimating growth at 13% CAGR through 2030 and global industry value reaching over $170 billion by 2030 [3] - 5G networks are critical for the IoT's expansion, expected to reach critical mass by 2025, facilitating device growth and connectivity [9][8] Company Highlights - Rockwell Automation and Zebra Technologies are identified as leaders in remote and manufacturing technologies, benefiting from the IoT's growth [6][5] - Verizon Communications is a key player in the 5G space, with its devices business showing a 15% sequential growth and 25% year-over-year growth [9][8] - NVIDIA is highlighted as a critical player in AI, providing essential infrastructure for AI models and services, while Microsoft is recognized for its software and AI capabilities, expected to sustain double-digit growth [13][14]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Apple announces a new design language for its operating systems called "Liquid Glass" during the annual Apple "Worldwide Developers Conference" (WWDC) at Apple Park, the corporate headquarters of Apple Inc., in Cupertino, California on June 9, 2025.Apple released the public beta preview version of its next iPhone operating system, called iOS 26.This software release on Thursday means that members of the public with recent iPhones can preview how the device's interface will change in the fall when the softwa ...