Bloomberg Technology
Apple Sinks, TikTok Starts Courtroom Battle With US
Sep 16, 2024
The podcast dives into Apple's plummeting stock due to disappointing demand for the new iPhone 16 Pro. It also discusses the resignation of a key EU tech regulator, impacting the future of tech oversight. TikTok's legal showdown with the U.S. government over national security concerns takes center stage, highlighting the intricate balance between regulation and user rights. Meanwhile, advancements in China's chip technology pose new challenges for the tech landscape, and the competitive dynamics in the smartwatch market continue to evolve.
41:14
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Quick takeaways
- Apple faces potential market share challenges due to a significant 13% decline in pre-order sales for the iPhone 16 Pro model.
- TikTok's legal battle against a U.S. ban raises critical issues surrounding national security and First Amendment rights for its American users.
Deep dives
Concerns Over iPhone 16 Sales
Pre-order sales for the iPhone 16 Pro model have seen a significant drop, with reports indicating a 13% decline compared to last year's iPhone 15 launch. This decline has heightened market concerns about weak demand, suggesting that Apple may face challenges in retaining its market share, especially in China. Analysts emphasize that it remains too early to definitively label the initial sales as disappointing, citing potential oversupply rather than lack of interest as a contributing factor. The coming weeks will be crucial as official sales data and further consumer sentiment regarding AI features emerge.
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