And just like that, the Apple annual event on Tue, 12 Sep 2023, titled “Wonderlust” was over with the blink of an eye. What do we know so far? Very quickly, below is a summary of the “new” & more “high profile” products introduced. (1) Apple Watch - Series 9. Series 9 will be priced at $399 and the 2nd generation SE $249, Both Installed with S9 Chip. Equipped with new 'Double Tap' gesture control feature. This means there is no need to touch the Apple Watch in order to interact. Instead, user only need to tap his index finger & thumb together to interact with the watch, allowing for a one-handed user experience. Feature 64GB of storage. (2) Apple Watch - Ultra 2. Apple Watch - Ultra 2 Ultra 2 price is announced: $799. Features the “faster”
Google and the U.S. Department of Justice traded opening statements Tuesday, kicking off the largest antitrust trial in more than two decades. The case has major implications for Google and the future of antitrust law. $Alphabet(GOOG)$ , the dominant search engine in the United States, faced the biggest legal threat since its creation this week. The company allegedly violated the U.S. antitrust laws of the civil lawsuit will enter the trial in Washington.The lawsuit, filed by the Department of Justice, targets Google Search and whether the company used illegal agreements to crowd out competitors and hurt consumers and advertisers in the process. For example, Google paid billions of dollars to $Apple
The much-anticipated IPO of chip design firm Arm has arrived. Illustration shows Arm Ltd logo The excitement around $Arm Holdings(ARM)$'s upcoming initial public offering (IPO) is undeniable, but I find myself taking a more cautious stance. While the company's potential is undeniable, history has shown that many major IPOs struggle to outperform the S&P 500 in the long run. The reason for my hesitation in discussing this until now, despite the growing excitement, is that I believe entering this stock immediately following its IPO might be premature. The top 10 U.S. IPOs from the past four years have averaged a 47% drop from their first-day closing prices, per LSEG data, with investors buying at intra-day peaks seeing a 53% loss on average. It's