AAPL experiences massive share price rise

By

apple stock price
Gene Munster predicts big things for Apple in 2019.
Photo: Buster Hein/Cult of Mac

Apple got a late Christmas gift on Wednesday, when its AAPL stock experienced the stock’s biggest rise in five years.

While AAPL is still down considerably from the $1 trillion+ high point it hit earlier in 2018, it’s a strong positive move. And one analyst thinks that Apple’s set to be the top-performing FAANG stock in 2019, too.

Apple Pay usage grows strongly outside the U.S.

By

Apple Pay iPhone
The number of Apple Pay users almost equals the entire population of the US. But most users live somewhere else.
Photo: Jim Merithew/Cult of Mac

Most people are still leery about giving up their wallet. Only a small percentage of smartphone owners use their mobile to make purchases at brick-and-mortar stores.  But attitudes are starting to change.

As a result, Apple Pay is growing strongly. Surprisingly, most of that growth is outside of the U.S.

Why $1 trillion milestone changes the way Apple is valued

By

Apple hardware
Investors see a value in Apple that well exceeds $1 trillion.
Photo: Lyle Kahney/Cult of Mac

How high can Apple’s market value go? Less than a week after it became the first company to hit the $1 trillion mark, venture capitalist Gene Munster predicts that Apple’s value will continue to climb.

What makes Apple unique to investors, Munster said, is how its hardware seems to work as a subscription business. Many iPhone users, for example, upgrade to a newer handset every two or three years.

Cheaper HomePod, smarter Siri predicted for WWDC

By

Siri display
Gene Munster thinks we'll see some big things at WWDC.
Photo: Ste Smith/Cult of Mac

Apple will introduce a Beats-branded $250 HomePod smart speaker at next week’s Worldwide Developers Conference, predicts Apple analyst Gene Munster.

Munster’s other predictions for the big Apple developer event include new HomePod capabilities, additional Siri abilities, extra Core ML extensions, and more.

Apple is missing out on billions in subscription fees

By

apple money
Apple should be squeezing more money out of customers. Or so one analyst thinks!
Photo: Ste Smith/Cult of Mac

Apple’s Services division is growing rapidly, but according to analyst Gene Munster it is still leaving billions of dollars on the table by failing to monetize its software in the way that it could.

Munster says that Apple should be following other high tech companies by charging monthly subscription fees for Pro Apps, aimed at audio and visual professionals. These apps include Final Cut Pro, Logic Pro X, Motion, Compressor and MainStage 3, each of which Apple currently sells for a one-off fee.

‘Apple should pull the plug’: 10 iPhone predictions from 2007

By

iPhone predictions from 2007
They must have been holding their crystal balls wrong.
Photo: Ste Smith/Cult of Mac

iPhone turns 10 Predicting the future is tough, even for the experts. That’s the only lesson we can learn from looking back at these horribly misguided iPhone predictions that greeted the device at its launch 10 years ago.

Before most people had even wrapped their fingers around Apple’s first-gen smartphone, tech pundits, analysts and competing CEOs were already writing off the iPhone as a disaster similar to Apple’s previous excursions into video game consoles and the like.

Here are just a few of the laughable reactions that greeted the iPhone in 2007.

iPhone takes top spot on holiday wish lists

By

These are the gifts you're looking for.
Apple products are set to be the top gifts this year.
Photo: Kristina Alexanderson/Flickr CC

People can talk about declining iPhone demand all the want, but when it comes to which tech products the general public want to see under their Christmas trees this year, there is no doubt about it: no brand can beat Apple.

Speaking with CNBC this Monday, Apple analyst Gene Munster shared his firm Piper Jaffray’s research into desired holiday gifts — and found that the iPhone, closely followed by the MacBook, beat other items including the Xbox, PlayStation, GoPro camera and more to land the top two positions in the list.

Apple Watch 2 will be 40 percent slimmer, claims dodgy analyst

By

Get your Apple Watch ready for the new iPhone.
The next Apple Watch might be a lot thinner.
Photo: Jim Merithew/Cult of Mac

The next Apple Watch might arrive sooner than expected, based on a new rumor claiming Apple’s new wearable will be unveiled in June.

Not only is the new watch ahead of schedule, it may even sport a 40-percent-thinner design, hopefully without compromising on battery life.

Almost sounds too good to be true, right?

Gene Munster thinks virtual reality will be the ultimate iPhone killer

By

Virtual reality was one of the first iPhone accessories Apple considered. Photo: USPTO/Apple
One of Apple's previous VR patents.
Photo: USPTO/Apple

Hit-and-miss Piper Jaffray analyst Gene Munster (a.k.a. the “Apple television set is coming” guy) has a somewhat wacky theory in his latest note to clients: that Apple will not only announce its own virtual reality project at some point in the future, but that this will prove to be the real iPhone killer.

And that Apple’s totally okay with that.

Apple Car may ship in 2021, with a price tag of $75,000

By

Apple car concept art shows what Cupertino might put on the road.
Coming soon?
Photo: Aristomenis Tsirbas/Freelancer

At $17k, the Apple Watch Edition is currently the most expensive product Apple sells.

But according to Piper Jaffray analyst Gene Munster, that record is likely to be obliterated when the Apple Car finally ships — since his projected price tag of “around $75,000” would put it at around four-and-a-half times the cost of Apple’s high-end wearable. Or the equivalent of 100 brand new iPhones 6s handsets.