As Apple prepares to upgrade its products, there are two distinct trends hitting the economy right now, and they are both bad for tech stocks.
On the one hand there is runaway inflation, with rates over 8% in the U.S. and rising by similar amounts in other developed countries. The other is consumers’ desire to get out of the house after two years of the Covid-19 pandemic, which is pushing up spending on travel, restaurants, and beauty, but leaving higher-priced gadgets on the shelf.
Apple is expected to unveil a new watch, and possibly a new MacBook Air, at its worldwide developers conference Monday. Like Meta Platforms, Apple is looking at more futuristic products, which it may show off as well. The New York Times reported the company has enlisted Hollywood directors to develop video content for an augmented-reality headset.
What’s Next: The much anticipated AR/VR headset, Apple Glasses, is expected to make an appearance by the holiday season or early 2023, Ives said in a note.***Amazon’s Split Doesn’t Mean Much, but Could Boost Price Amazon.com’s stock will have a very different price when it starts trading this morning. After a 20-for-1 split from Friday’s closing price of $2,447, the shares are expected to open around $122 each.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Quin Snyder steps down as Jazz head coach, thinks team needs 'new voice'Quin Snyder stepped down as the Utah Jazz's head coach on Sunday after eight years.
Baca lebih lajut »
How can San Antonio build the STEM workforce it desperately needs?In San Antonio, CAST Network schools are trying to create a local pipeline of young people prepared to fill local STEM-related jobs.
Baca lebih lajut »
'Tomorrow needs you': Downtown Phoenix mural promotes mental health awarenessThere's a new mural in downtown Phoenix, crafted a little differently by a group that wants it to connect with everyone who feels like they're alone.
Baca lebih lajut »
As Leia, Vivien Lyra Blair Is Giving 'Obi-Wan Kenobi' Exactly What It NeedsIn Disney+'s ObiWanKenobi, Vivien Lyra Blair is killing it as young Princess Leia.
Baca lebih lajut »
Why science needs more research software engineersTen years after their profession got its name, research software engineers seek to swell their ranks.
Baca lebih lajut »
The Best Watering Can for All Your Gardening NeedsIndoor plants, outdoor plants, we cover them all (with water).
Baca lebih lajut »