Latest news with #AAPL
Yahoo
16 hours ago
- Automotive
- Yahoo
Steve Jobs Once Gave A Secretary A Brand New Jaguar Out Of The Blue, Here Is Why The Apple Co-Founder Was So Generous
Steve Jobs earned a reputation for merciless standards, yet sometimes his demand for perfection came wrapped in jaw-dropping generosity. What Happened: Ron Givens, Apple's (NASDAQ:AAPL) director of quality from 1981 to 1986, recalled the day a secretary shuffled in late. Jobs stormed over to ask why, and she admitted her car had died that morning. "That afternoon, he walks into her office, tosses a set of keys to a brand-new Jaguar and says, 'Here, don't be late anymore,'" Givens told WRAL in an interview back in 2011. A Jaguar XJ cost roughly $35,000 in 1981, about $123,000 in today's dollars when adjusted for inflation, making the spur-of-the-moment gift an extraordinary employee perk. Don't Miss: Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can invest with $1,000 at just $0.30/share. The story illustrates the paradox of Apple's co-founder, who was a boss employees feared, yet one who could motivate "out of your socks," as Givens put it. Jobs, then 26, lived and breathed the company, prowling hallways to grill engineers on pixel placement one minute and springing surprises the next. Givens, two decades older, said he often thought Jobs's ideas were "stupid" until their brilliance clicked later. Back in 2011, he said he still kept a $1,000 Steuben-glass apple Jobs had handed him unannounced. Why It Matters: Steve Jobs ran Apple with icy precision, insisting on "only A players" and admitting that firing weaker talent, though "very painful," was necessary to maintain high standards. His late-night demands could left teams exhausted, and Pixar's Pete Docter later said Jobs's 3 am phone calls were a work trait he would "never repeat." Elon Musk openly praises that edge, agreeing with Jobs that a CEO's chief duty is "recruiting exceptional talent" rather than hand-holding staff, and he echoes Jobs's view that "the greatest people are self-managing." Not every leader wants the full Jobs playbook. Bill Gates once called comparing Musk to the "genius" Jobs a "gross oversimplification," warning that charisma can mask managerial chaos. Read Next: Are you rich? Here's what Americans think you need to be considered wealthy. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Photo Courtesy: rnkadsgn on Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Steve Jobs Once Gave A Secretary A Brand New Jaguar Out Of The Blue, Here Is Why The Apple Co-Founder Was So Generous originally appeared on Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
17 hours ago
- Business
- Yahoo
Apple Taps AI to Design Next-Gen Chips: Exec Hints at Major Shift
June 19 - Apple (NASDAQ:AAPL) is exploring the use of generative artificial intelligence to help design its in-house chips, according to recent remarks by a senior executive. Johny Srouji, senior vice president of hardware technologies at Apple, discussed the company's approach during a speech in Belgium last month. He said Apple is always seeking to integrate the latest available technologies to improve chip development. Apple has relied on its custom silicon since 2010, beginning with the A4 chip, and shifted its Mac lineup from Intel (NASDAQ:INTC) processors to in-house designs in 2020. That move contributed to a surge in Mac sales at the time. Srouji noted that Apple uses advanced design software from firms like Cadence Design (NASDAQ:CDNS) and Synopsys (NASDAQ:SNPS), both of which have been working to integrate generative AI into their tools. Despite the focus on internal innovation, Apple has been slower than competitors like Samsung and Alphabet's (NASDAQ:GOOGL) Google to bring generative AI features to consumer devices. The company offered limited updates on its AI strategy during its June Worldwide Developers Conference. Srouji, a key figure in Apple's custom chip transition, was once considered for a leadership role at Intel, highlighting his influence on the company's silicon efforts. This article first appeared on GuruFocus.
Yahoo
18 hours ago
- Business
- Yahoo
Apple Taps AI to Design Next-Gen Chips: Exec Hints at Major Shift
June 19 - Apple (NASDAQ:AAPL) is exploring the use of generative artificial intelligence to help design its in-house chips, according to recent remarks by a senior executive. Johny Srouji, senior vice president of hardware technologies at Apple, discussed the company's approach during a speech in Belgium last month. He said Apple is always seeking to integrate the latest available technologies to improve chip development. Apple has relied on its custom silicon since 2010, beginning with the A4 chip, and shifted its Mac lineup from Intel (NASDAQ:INTC) processors to in-house designs in 2020. That move contributed to a surge in Mac sales at the time. Srouji noted that Apple uses advanced design software from firms like Cadence Design (NASDAQ:CDNS) and Synopsys (NASDAQ:SNPS), both of which have been working to integrate generative AI into their tools. Despite the focus on internal innovation, Apple has been slower than competitors like Samsung and Alphabet's (NASDAQ:GOOGL) Google to bring generative AI features to consumer devices. The company offered limited updates on its AI strategy during its June Worldwide Developers Conference. Srouji, a key figure in Apple's custom chip transition, was once considered for a leadership role at Intel, highlighting his influence on the company's silicon efforts. This article first appeared on GuruFocus.
Business Insider
a day ago
- Business
- Business Insider
Apple Explores Generative AI to Accelerate Chip Design
iPhone maker Apple (AAPL) is planning to use generative artificial intelligence (AI) to enhance its chip design technology. Apple uses in-house, custom-made chips to power its devices, including iPhones, iPads, and Mac computers. Reuters was the first to report on the matter, citing a speech recording by Apple's Senior VP of Hardware Technologies, Johny Srouji. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter During his speech in Belgium last month, where he was receiving an award from Imec, a semiconductor research group, Srouji spoke about how Apple's custom chips have evolved from the first A4 chip used in the iPhone in 2010 to the very latest ones found in Mac desktop computers and the Vision Pro Headset. With that in mind, Apple aims to further improve its chip design process to produce faster and better-designed chips. Apple's All-In Approach to Innovation Cadence Design Systems (CDNS) and Synopsys (SNPS) are the two largest electronic design automation (EDA) firms that supply chip design technology to companies. Srouji noted that even these firms are racing to integrate AI into their offerings. He added that Apple has learnt over the years that it must leverage advanced technology to bolster the process. 'Generative AI techniques have a high potential in getting more design work in less time, and it can be a huge productivity boost,' Srouji said. Additionally, he mentioned that Apple believes in going all-in on a project without looking back. For instance, when shifting its Mac computers from Intel's (INTC) chips to its own in-house custom chips in 2020, Apple did not have a contingency plan or backup in case of failure. Designing and using its first Apple Silicon chip was a big transitional step for the company at the time, yet it did not have a Plan B, Apple simply went all-in. According to Srouji, this approach has worked very well for Apple so far. Is AAPL a Buy Right Now? Trump's tariffs on iPhone production. On TipRanks, AAPL stock has a Moderate Buy consensus rating based on 16 Buys, nine Holds, and four Sell ratings. Also, the average Apple price target of $226.94 implies 15.4% upside potential from current levels. Year-to-date, AAPL stock has lost 21.3%.
CNBC
2 days ago
- Business
- CNBC
A bearish options trade on Apple as the tech giant struggles
Apple is showing signs of vulnerability as the tech giant faces increased downside risk as market sentiment weakens. This has been compounded by missed opportunities with Apple Intelligence, slowing iPhone sales, and limited developer support for VisionPro. With AAPL sitting above a major support level, this setup provides a compelling case for adding bearish exposure using a vertical spread with a strong risk/reward ratio to target a potential quick decline. Trade timing The timing for adding bearish exposure to AAPL is optimal, as the stock is trading just above its $195 support level. This has been coupled with poor relative strength to the S & P 500, suggesting a higher likelihood of a breakdown below $195, with a downside target near $170. Fundamentals AAPL trades at a considerable premium over its industry despite lagging growth rates, making its valuation hard to justify based solely on profitability. Forward PE ratio: 25x vs. industry average 19x Expected EPS growth: 8% vs. industry average 11% Expected revenue growth: 5% vs. industry average 6 Net margins: 24% vs. industry average 9% Bearish thesis Poor relative performance: AAPL's relative strength to the S & P 500 is notably weak at 2 out of 10, heightening the probability of a breakdown below its $195 support. Launch missteps: The botched release of Apple Intelligence, marked by delays and underwhelming features, alongside disappointing iPhone 16 sales has eroded investor confidence. Additionally, the lack of developer support for VisionPro further weakening AAPL's growth narrative. Valuation risk: The stock's forward PE of 25x suggests that there are substantial risks to its valuation. Options trade To capitalize on AAPL's potential downside, I'm buying a July 18 $195/$180 put vertical @ $3.99 debit. This entails: Buying the July 18 $195 put @ $5.70 Selling the July 18 $180 put @ $1.71 The maximum reward is $1,101 per contract if AAPL is below $180 at expiration. The maximum risk is $399 per contract if AAPL is above $195 at expiration. The breakeven point for this trade is $190.01. View this Trade with Updated Prices at OptionsPlay. This strategy positions you to benefit from AAPL's potential quick breakdown below $195, leveraging its poor relative performance, launch missteps and rich valuation to profit from a debit vertical spread with a strong risk/reward ratio. This trade offers a compelling opportunity to capture downside potential in a high-premium tech stock with limited risk. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
