AAPL: Near The Close, One Day After WWDC24 -- June 11, 2024

Locator: 47808AAPL. 

Updates

Later, 8:52 p.m. CDT: it will be interesting to see some good reporting / analysis comparing Microsoft's focus on privacy and Apple's focus on privacy with OpenAI, search, etc. Microsoft's "Operation Backlash" has already revealed how different Microsoft and Apple are when it comes to privacy.

Later, 8:49 p.m. CDT: because I was traveling I did not catch CNBC's "Fast Money" this evening. 

My hunch: the panelists were not impressed with Apple -- the WWDC keynote presentation or the AAPL surge today.

The panelists, in general, do not "like" Apple. My hunch is they said that a lot of the run-up in AAPL today was due to a "short squeeze." I once read that AAPL was one of the most shorted stocks among US equities and once AAPL started to move, a lot of the action was due to a classic short squeeze. Hopefully, we'll learn more as the week goes on. 

Original Post

 From earlier today, re-posting:

Others:

• only 5% of current Apple users can access Apple Intelligence on their current devices -- think about that -- if I want "that Calculator and "Smart Notes" (or whatever it was called) -- and I do want them -- it's time to upgrade -- five years sooner than I otherwise would have
• and, oh by the way, I'm gonna get an incredibly better camera
• Apple upgrades are going to be flying of the shelf this fall, as are:
• iPad Pros

Now, consider this, less than 20% of students say they "never" use generative AI: