SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Evercore analysts predict a significant revenue boost for Apple Inc. (NASDAQ:AAPL) following the launch of the iPhone 16e and its in-house C1 modem chip. The budget-friendly iPhone 16e, priced at $599, exceeded expectations and is projected to generate $14 billion in additional sales.
Apple is targeting cost-conscious consumers in emerging markets like India, Southeast Asia, and Africa, aiming to offset slowing sales in China. The iPhone 16e will also feature Apple’s latest AI capabilities, though Apple has yet to introduce these features in China due to a lack of a local AI partner.
The new C1 modem chip, debuting in the iPhone 16e, is expected to improve battery performance and boost Apple’s gross margins. Evercore analysts believe this could set the stage for a similar pricing and chip strategy with the upcoming iPhone 17.
Despite declining sales in mature markets and stiff competition in China, Evercore maintains an Outperform rating for Apple with a $260 price target, citing the company's strategic moves in hardware and AI integration.
