Apple News
Laurene Powell Jobs buys 17,300-square-foot San Francisco mansion for $70 million
Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs, acquired a sprawling mansion in San Francisco’s Billionaires Row. The historic 17,300-square-foot estate reportedly cost $70 million, setting a new record for the most expensive home purchase in San Francisco. Powell Jobs is known for her leadership of the Emerson Collective, her founding of the Steve Jobs Archive, and her acquisition of The Atlantic magazine.
The widow of Apple visionary Steve Jobs bought the 17,300-square-foot home at 2840 Broadway Street, in Pacific Heights, the Wall Street Journal reported, citing unidentified sources.
The sellers in the off-market deal were Sloan Lindemann Barnett and Roger Barnett, who bought the property in 2011 for $33 million, according to the Journal. Sloan is the daughter of billionaire George L. Lindemann; Roger is CEO of health-supplement Shaklee.
The Barnetts had quietly shopped the house and initially sought $100 million, sources told the newspaper.
The previous San Francisco record was set in 2021 by the sale of another Pacific Heights home for $43.5 million, according to local agents.
The four-story Spanish Renaissance Revival mansion, built in 2016 on a design by society architect Willis Polk, was cited by Architecture Digest as “the most beautiful house in America.”
The mansion sits on a 0.17-acre lot next door to a contemporary house owned by Oracle billionaire Larry Ellison, according to the Journal. Also on the block is a home owned by Jonathan Ive, the designer behind some of Apple’s most successful products, including the iMac, iPod, iPad and iPhone.
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MacDailyNews Take: See inside the house via Architectural Digest here.
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Tim Cook gifted President Trump a $6,000 Mac Pro after he lowered tariffs on parts Apple needed from China
Bloomberg Businessweek recently sat down with former U.S. President Donald Trump at his Mar-a-Lago resort for an exclusive interview. It also reported that Apple CEO Tim Cook gave Trump a $5,999 Mac Pro in 2019 after they struck a deal that granted Apple an exemption from import tariffs on parts made in China.
“I can’t believe how many people are negative on tariffs that are actually smart. Man, is it good for negotiation.” – former U.S. President Donald Trump
Nancy Cook, Joshua Green, and Mario Parker for Bloomberg Businessweek:
In 2019, Apple Inc. looked set to be a victim of Trump’s trade war with China, with billions of dollars at stake, as the president announced 25% import tariffs. He then publicly rejected Apple’s request for an exclusion. “Apple will not be given Tariff waiver, or relief, for Mac Pro parts that are made in China,” he wrote on Twitter. “Make them in the USA, no Tariffs!”
At Mar-a-Lago, Trump speaks fondly of Cook and reveals how Apple’s CEO persuaded him to relent. He recalls Cook reaching out privately and asking, “Could I come in and see you?” Trump appreciated the gesture of respect from the head of what at the time was the world’s most valuable company. “That’s impressive,” Trump says. “I said, ‘Yeah, come in.’” Trump remembers that Cook was straightforward. “He said to me, ‘I need help, you have tariffs of 25% and 50% [on Apple products imported from China],’” he recalls. “He said, ‘It would really hurt our business. It would destroy our business, potentially.’” (An Apple spokesperson declined to comment.)
Trump wasn’t looking to do that —mainly, he wanted to demonstrate that he could bring manufacturing jobs back to the US, as he’d promised to do. In his telling, he prevailed upon Cook to expand domestic production. “I said, ‘I’m gonna do something for you guys,’” Trump recalls, “‘but you have to build in this country.’” Four months later, Apple announced it was beginning construction on a campus in Austin. The press release quoted Cook saying: “Building the Mac Pro, Apple’s most powerful device ever, in Austin is both a point of pride and a testament to the enduring power of American ingenuity.” Cook then gifted Trump a $5,999 Mac Pro, one of the first made at the Texas factory.
Had Trump forced Cook’s hand? Doubtful. Apple had originally announced a year earlier that it would invest $1 billion in a new Austin campus, and Mac Pros had been assembled at existing Texas facilities since the Obama era. Nevertheless, the episode registered as a positive for Trump and established Cook at the opposite end of his personal CEO continuum from Zuckerberg. It also created a potential road map for how tech CEOs might navigate a second Trump term.
“I found him to be a very good businessman,” he says of Cook.
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MacDailyNews Note: In addition, as we reported on November 20, 2019, during “the visit, Apple presented President Trump with a custom engraved, laser-etched Mac Pro bottom plate.
This is live, raw video taken during the visit (some language among the photographers and videographers might be NSFW):
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Verizon’s outlook on iPhone upgrades likely to affect Apple’s stock price
Verizon’s earnings report on Monday will be closely watched for clues on Apple’s upgrade cycle. Verizon, a major iPhone carrier, could offer valuable insights into whether consumers are eager to adopt new iPhones potentially featuring significant AI advancements. Verizon’s stock has risen 11% this year, compared to Apple’s almost 19% gain.
Reinhardt Krause for Investor’s Business Daily:
While an AI-driven iPhone upgrade cycle would be good news for Apple stock, it would be a negative development for Verizon, AT&T (T) and T-Mobile US (TMUS), Craig Moffett, analyst at MoffettNathanson, said in a report on Thursday.
Moffett says the wireless firms would face higher customer turnover. Also, because they subsidize the cost of iPhones in wireless promotions, the wireless firms would have higher equipment expenses, reducing free cash flow.
Verizon will host its earnings call with analysts Monday morning.
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MacDailyNews Note: Apple is scheduled to release third fiscal
quarter results and business updates on Thursday, August 1, 2024, after market close, right around at 1:30 p.m. PT / 4:00 p.m. ET. The compnay will hold a conference call with analysts thirty minutes later at 2:00 p.m. PT / 5:00 p.m. ET.
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Apple: Apple Intelligence not trained on YouTube data without consent
An investigation by Proof News claimed that Apple, Nvidia, and Anthropic, among others, have used material from thousands of YouTube videos to train AI despite YouTube’s rules against harvesting materials from the platform without permission. On Thursday, Apple refuted that claim and said Apple Intelligence is not trained on YouTube data without consent.
Amber Neeley for AppleInsider:
Apple has spoken out, saying that while it had used the Pile, the dataset was not used for Apple Intelligence. Instead, it was used to train its open-source OpenELM models, which it released in April.
Apple has since confirmed to AppleInsider that OpenELM models don’t power any of its AI or machine learning features. Instead, the tech giant claims that it created OpenELM to contribute to the research community. It also notes that OpenELM models were never intended to be used for Apple Intelligence…
Apple has repeatedly claimed that its sources for its artificial intelligence projects are ethical, and it’s known to have paid millions to publishers, and licensed images from photo library firms.
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MacDailyNews Take: Only Apple does AI the right way.
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Lawyers want $122.5 million of $490 settlement of case alleging Apple CEO Tim Cook defrauded shareholders
Attorneys from Robbins Geller Rudman & Dowd and Labaton Keller Sucharow who secured a $490 million settlement for Apple investors in a securities class action lawsuit are requesting a quarter of that amount in legal fees. They argue that the complexity of the case and the time invested warrant the hefty sum.
The firms filed a request with a federal judge in Oakland, California, seeking $122.5 million in compensation. This translates to roughly $3,100 per hour for the 65 lawyers and staffers who reportedly dedicated a combined 39,500 hours to the case.
Reuters:
Multiplying those hours by the professionals’ hourly rates would yield an award of about $27.8 million, they said, arguing that their much larger request is appropriate given their adversary was “the largest – and arguably one of the most powerful – companies on the planet.”
Lawyers involved in the case at Robbins Geller and Labaton and a spokesperson for Apple did not immediately respond to requests for comment.
The settlement resolves allegations that Apple CEO Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. When Apple reduced its quarterly revenue forecast by as much as $9 billion in 2019, it was the first time since the iPhone’s launch that Apple had cut its revenue forecast. Apple denied the claims.
The firms’ $122.5 million request matches the benchmark of 25% of a class action settlement fund for attorney fee awards adopted by federal courts in California and elsewhere in the 9th Circuit. But courts there have sometimes pushed back at the 25% standard in so-called megafund cases where settlements exceed $100 million.
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MacDailyNews Take: What a scam.
As we wrote back in November 2020, “Both Cook and Luca could have thought, at the time of their statements, that China iPhone sales would continue and they might not have been able to foresee, even though it seems painfully obvious in hindsight, that a late rush of battery replacements would ensue in December just before the low-priced iPhone battery replacement program’s end date, negatively impacting sales of new iPhones.”
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New Apple Immersive Video series, films, concerts, and more premiere on Apple Vision Pro
Starting this week, Apple is releasing all-new series and films captured in Apple Immersive Video that will debut exclusively on Apple Vision Pro. Apple Immersive Video is a remarkable storytelling format that leverages 3D video recorded in 8K with a 180-degree field of view and Spatial Audio to transport viewers to the center of the action.
Boundless, a new series that invites viewers to experience once-in-a-lifetime trips from wherever they are, premieres at 6 p.m. PT today, July 18, with “Hot Air Balloons.” The next installment of Wild Life, the nature documentary series that brings viewers up close to some of the most charismatic creatures on the planet, premieres in August. Elevated, an aerial travel series that whisks viewers around iconic vistas from staggering heights, will launch in September.
Later this year, users can enjoy special performances featuring the world’s biggest artists, starting with an immersive experience from The Weeknd; the first scripted Apple Immersive short film, Submerged, written and directed by Academy Award winner Edward Berger; a behind-the-scenes and on-the-court view of the 2024 NBA All-Star Weekend; and Big-Wave Surfing, the first installment of a new sports series with Red Bull.
“Apple Immersive Video is a groundbreaking leap forward for storytelling, offering Apple Vision Pro users remarkable experiences with an unparalleled sense of realism and immersion,” said Tor Myhren, Apple’s vice president of Marketing Communications, in a statement. “From soaring over volcanoes in Hawaii and surfing huge waves in Tahiti, to enjoying performances by the world’s biggest artists and athletes from all-new perspectives, Apple Immersive Video revolutionizes the way people experience places, stories, sports, and more by making viewers feel like they’re truly there. It’s the next generation of visual storytelling, and we’re excited to bring it to more people around the world.”
Boundless
With Boundless, viewers embark on the trips they’ve only dreamed of as they meet inspiring people in extraordinary places. In “Hot Air Balloons,” viewers take to the skies over the otherworldly landscape of Cappadocia, Turkey. In the next episode, “Arctic Surfing,” available this fall, viewers can flow with a group of intrepid surfers who have moved to a frigid region north of the Arctic Circle in search of wintry waves.
“Boundless,” premiering on Thursday July 18th with “Hot Air Balloons,” transporting viewers to Cappadocia, Turkey.
Wild Life
This August, Apple releases the second episode of Wild Life, which takes viewers to Kenya’s Sheldrick Wildlife Trust, where orphaned elephants find their footing in the care of their keepers, frolic in frothy mud baths, and form a chosen family with each other, their human companions, and the wild elephants that roam the lands beyond. Later this year, viewers will brave the deep with a bold group of divers in the Bahamas, who come face-to-face with apex predators and discover creatures much more complex than often portrayed.
The next episode of Wild Life, “Elephants,” premieres in August.
Elevated
In the inaugural episode of Elevated, an aerial travel series that premieres this September, viewers will fly above volcanoes, climb up and over waterfalls, and discover untold natural wonders across the world’s longest island chain, Hawaii. In the next episode, available later this year, viewers will experience a crisp autumn in New England, with a stunning journey along winding coastlines and above breathtakingly beautiful rivers.
The first episode of Elevated, “Hawaii,” will debut in September.
Submerged
Submerged, the first scripted short film captured in Apple Immersive Video, will premiere this fall. Set during World War II, the action-adventure story brings viewers aboard a submarine as the vessel’s sailors struggle to survive a deadly torpedo attack. Written and directed by Academy Award winner Edward Berger, Submerged showcases the unique storytelling capabilities that are only possible with Apple Immersive Video on Apple Vision Pro.
Submerged, the first scripted film captured in Apple Immersive Video, premieres this fall.
2024 NBA All-Star Weekend
This fall, basketball fans will enjoy a unique perspective of the 2024 NBA All-Star Weekend in Indianapolis with an immersive short film that features the Rising Stars, the Slam Dunk contest, the first-ever NBA vs. WNBA 3-Point Challenge with Sabrina Ionescu and Stephen Curry, and the All-Star Game.
An immersive short film capturing the 2024 NBA All-Star Weekend will debut this fall.
An Immersive Experience from The Weeknd
The Apple Music Award-winning and seven-time diamond-certified artist The Weeknd returns to the spotlight with an immersive experience that will premiere exclusively on Apple Vision Pro later this year.
An immersive experience from The Weeknd will be available exclusively on Apple Vision Pro later this year.
Red Bull: Big-Wave Surfing
Viewers will feel the power of the ocean like never before as elite surfers attempt to ride the barrel of the heaviest wave in the world off the remote coast of Teahupo’o, Tahiti. This piece is filming this summer and will be available later this year.
The first episode in a new sports series with Red Bull will launch later this year.
Empowering Filmmakers with New Tools for Apple Immersive Video
Apple and Blackmagic Design will empower professional filmmakers to bring their creative visions to life with a new production workflow for Apple Immersive Video, including a brand-new Blackmagic camera — URSA Cine Immersive — and updated versions of DaVinci Resolve Studio and Apple Compressor. This comprehensive toolkit, which will be available later this year, will help make even more immersive films and series available to Apple Vision Pro users around the world.
More series, films, concerts, and sports captured in Apple Immersive Video will be released this year.
MacDailyNews Note: More series, films, concerts, and sports captured in Apple Immersive Video will be released this year.
• Apple Vision Pro is available in Australia, Canada, China mainland, Hong Kong, France, Germany, Japan, Singapore, the U.K., and the U.S.
• Users in these countries and regions can enjoy a preview of Apple Immersive Video and learn more about the magic of Apple Vision Pro by booking a free, 30-minute demo at their local Apple Store.
• These Apple Immersive Video pieces are available at no additional cost from the Apple TV app in Australia, Canada, Hong Kong, France, Germany, Japan, Singapore, the U.K., and the U.S. Users in China can access Apple Immersive Video from the Migu Video and Tencent Video apps.
• New Apple Immersive Video pieces debut in U.S. English with subtitles in additional languages. Title availability varies by country or region.
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Apple TV+ in talks to license more films from Hollywood studios
Apple is in talks to license more films from Hollywood studios to boost its streaming portfolio, Bloomberg News reported on Thursday, citing “people familiar with the matter.”
Lucas Shaw and Thomas Buckley for Bloomberg News:
The iPhone maker has spoken to several of the largest studios about acquiring more programming from their libraries to offer customers both in the US and abroad, said the people, who asked not to be identified discussing private negotiations.
While most other streaming services have offered customers a mix of splashy new series and deep libraries of old TV shows and movies, Apple has built its paid streaming service almost entirely around original productions. It has scored a few breakout hits, such as the soccer comedy Ted Lasso and the TV news drama The Morning Show, and this week received 72 Emmy nominations, the most in its history.
But the big hits have been few and far between and many of its original films, such this year’s spy action picture, Argylle, have been duds. Just 11% of US households use Apple TV+, compared with 55% for Netflix Inc., according to the research firm MoffettNathanson LLC.
Apple licensed about 50 movies from Hollywood studios earlier this year in the US, adding classics such as Mean Girls and Titanic. That experiment went well enough that Apple has gone back to many studios for more, either to license those titles internationally or to add more.
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MacDailyNews Take: We’ve watched / rewatched a few of those classic films – “Great Movies,” Apple TV+ calls them. It’s a smart move to offer more / renew the roster.
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Apple’s latest ‘The Underdogs’ video features iPhone, iPad, Mac, and Apple Vision Pro
Apple’s official YouTube channel just got a new addition: a humorous video titled “The Underdogs: OOO (Out of Office)”. This 10-minute short follows the design team, “The Underdogs,” on a last-minute trip to Thailand to meet a client’s demands.
Their mission? Find a new packaging factory, solve design changes on the fly, create prototypes, and navigate language barriers – all in a race against time.
This action-packed video marks a first for Apple. While past “The Underdogs” ads showcased them tackling client needs under pressure, this one features a character using the Apple Vision Pro headset to multitask across virtual windows.
The video follows the successful “Apple at Work” series launched in 2019 and continued in 2020 and 2023. It cleverly highlights various Apple products, apps, and features throughout the story, including:
• Live Voicemail
• Translate app
• AirDrop
• NameDrop
• Apple Wallet
• Standby Mode
• Animoji
• FaceTime
• Ringtones
• Augmented Reality
• Object Capture
• Mac Virtual Display
This lighthearted video offers a glimpse into how Apple products seamlessly integrate into our professional lives, even in the most unexpected situations.
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MacDailyNews Note: Here’s “The Underdogs: Swiped Mac” from last July:
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Significant chunk of Silicon Valley money and power supporting President Trump
Axios reports that “a significant chunk of Silicon Valley money and power” is supporting former U.S. President Trump just as he has chosen former venture capitalist J.D. Vance as his running mate.
Scott Rosenberg and Dan Primack for Axios:
Venture capital billionaires Marc Andreessen and Ben Horowitz each will make donations to former President Trump’s election effort, Axios has learned.
The “techno-optimists” Andreessen and Horowitz are following hot on the heels of Elon Musk’s announcement that he would endorse Trump and form a PAC to aid his campaign.
See: Elon Musk Donates $45 Million a Month to Pro-Trump America PAC
Leaders of the industry’s giants — from Microsoft and Apple to Google and Facebook — have sought to thrive under presidents from both parties, and rarely taken sides.
Vance is an investor in Rumble, a free-speech-oriented social network embraced by the right, and Trump has his own Truth Social network.
The bottom line: With Trump’s fortunes at a high ebb right now, don’t be surprised to see more tech execs join his corner.
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MacDailyNews Note: On Saturday, July 13th, Musk publicly endorsed Trump for the first time in the U.S. presidential race, hours after the attempted assassination attempt of former president Trump during a campaign rally:
I fully endorse President Trump and hope for his rapid recovery pic.twitter.com/ZdxkF63EqF
— Elon Musk (@elonmusk) July 13, 2024
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Apple supplier TSMC’s profit beats estimates
Major Apple supplier Taiwan Semiconductor Manufacturing Co. (TSMC)’s earnings beat analysts’ heightened estimates as global demand for AI chips continues to be insatiable.
Jane Lanhee Lee for Bloomberg News:
Market expectations had risen in the weeks leading up to TSMC’s report on Thursday, with the AI frenzy and related investment showing no signs of slowing down.
The chipmaker for Apple Inc. and Nvidia Corp. said net income rose to NT$247.8 billion ($7.6 billion). The average estimate was for a 29% increase, and many expected TSMC to hike its full-year outlook after sales jumped in the June period. The company said last week that its second-quarter sales grew at the fastest pace since 2022.
Insatiable demand for Nvidia chips has propped up TSMC’s performance, while the wider smartphone market is on a path to recovery. Apple has seen handset sales stabilize, and provided an upbeat guidance to its suppliers on shipments for the upcoming iPhone 16 based on the potential strength of its new AI tools.
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MacDailyNews Note: Apple Intelligence is the personal intelligence system that brings powerful generative models to iPhone, iPad, and Mac. For advanced features that need to reason over complex data with larger foundation models, Apple created Private Cloud Compute (PCC), a groundbreaking cloud intelligence system designed specifically for private AI processing. For the first time ever, Private Cloud Compute extends the industry-leading security and privacy of Apple devices into the cloud, making sure that personal user data sent to PCC isn’t accessible to anyone other than the user — not even to Apple. Built with custom Apple Silicon, manufactured by TSMC, and a hardened operating system designed for privacy, Apple’s PCC is the most advanced security architecture ever deployed for cloud AI compute at scale.
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UBS analyst doubts Apple will see an iPhone supercycle
With Apple shares up 38% from their April lows, a UBS analyst claimed investors’ “optimism is misplaced,” as an iPhone supercycle may not materialize.
UBS analyst David Vogt isn’t buying the artificial-intelligence euphoria around Apple Inc. that has sent its stock up 38% from its April lows.
“Following WWDC, confidence in an iPhone ‘AI supercycle’ in [fiscal 2025] has reached a fever pitch,” he wrote, noting that “the most optimistic scenarios” imply the prospect of more than 250 million iPhone unit sales next fiscal year, and some estimates run upwards of 260 million.
But Vogt said the “optimism is misplaced,” as he doubts Apple AAPL will see an iPhone “supercycle.”
“Our analysis of smartphone demand by region, prior cycles, income demographic data and carrier subsidies argues for a more modest cycle next year,” he wrote. “Therefore, we forecast iPhone revenue growth of 2.4%, roughly 400 [basis points] below consensus and almost 1,000 [basis points] below the rosiest forecasts.”
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MacDailyNews Take: Vogt has a neutral rating and $190 target price on Apple’s stock – currently some $40 below the stock’s actual price – and has been iCal’ed for future use.
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Apple TV+ nabs 72 Emmy nominations
The FX series “Shogun” racked up the most 2024 Emmys nominations, 25, which were unveiled Wednesday.
Also among the top series nominees are FX’s “The Bear” (with 23 nominations, a comedy series record), Hulu’s “Only Murders in the Building” (21), HBO/Max’s “True Detective: Night Country” (19) and Netflix’s “The Crown” (18).
Overall, Netflix leads all nominees with a total of 107 noms (across 35 programs), followed by FX with 93 (nine programs), HBO with 91 (29 programs) and Apple TV+ with 72 (16 programs).
Best Drama Series
• The Crown (Netflix)
• Fallout (Prime Video)
• The Gilded Age (HBO)
• The Morning Show (Apple TV+)
• Mr. and Mrs. Smith (Prime Video)
• Shogun (FX)
• Slow Horses (Apple TV+)
• 3 Body Problem (Netflix)
Best Actor in a Drama Series
• Idris Elba (Hijack, Apple)
• Donald Glover (Mr. and Mrs. Smith, Prime Video)
• Walton Goggins (Fallout, Prime Video)
• Gary Oldman (Slow Horses, Apple)
• Hiroyuki Sanada (Shogun, FX)
• Dominic West (The Crown, Prime Video)
Best Actress in a Drama Series
• Jennifer Aniston (The Morning Show, Apple)
• Carrie Coon (The Gilded Age, HBO/Max)
• Maya Erskine (Mr. and Mrs. Smith, Prime Video)
• Anna Sawai (Shogun, FX)
• Imelda Staunton (The Crown, Netflix)
• Reese Witherspoon (The Morning Show, Apple)
Best Supporting Actor in a Drama Series
• Tadanobu Asano (Shogun, FX)
• Billy Crudup (The Morning Show, Apple TV+)
• Mark Duplass (The Morning Show, Apple TV+)
• Jon Hamm (The Morning Show, Apple TV+)
• Takehiro Hira (Shogun, FX)
• Jack Lowden (Slow Horses, Apple TV+)
• Jonathan Pryce (The Crown, Netflix)
Best Supporting Actress in a Drama Series
• Christine Baranski (The Gilded Age, HBO/Max)
• Nicole Beharie (The Morning Show, Apple TV+)
• Elizabeth Debicki (The Crown, Netflix)
• Greta Lee (The Morning Show, Apple TV+)
• Lesley Manville (The Crown, Netflix)
• Karen Pittman (The Morning Show, Apple TV+)
• Holland Taylor (The Morning Show, Apple TV+)
Best Guest Actor in a Drama Series
• Néstor Carbonell (Shogun, FX)
• Paul Dano (Mr. & Mrs. Smith, Prime Video)
• Tracy Letts (Winning Time: The Rise of the Lakers Dynasty, HBO/Max)
• Jonathan Pryce (Slow Horses, Apple TV+)
• John Turturro (Mr. & Mrs. Smith, Prime Video)
Best Guest Actress in a Drama Series
• Michaela Coel (Mr. & Mrs. Smith, Prime Video)
• Claire Foy (The Crown, Netflix)
• Marcia Gay Harden (The Morning Show, Apple TV+)
• Sarah Paulson (Mr. & Mrs. Smith, Prime Video)
• Parker Posey (Mr. & Mrs. Smith, Prime Video)
Best Comedy Series
• Abbott Elementary (ABC)
• The Bear (FX)
• Curb Your Enthusiasm (HBO/Max)
• Hacks (HBO/Max)
• Only Murders in the Building (Hulu)
• Palm Royale (Apple TV+)
• Reservation Dogs (FX)
• What We Do in the Shadows (FX)
Best Actor in a Comedy Series
• Matt Berry (What We Do in the Shadows, FX)
• Larry David (Curb Your Enthusiasm, HBO/Max)
• Steve Martin (Only Murders in the Building, Hulu)
• Martin Short (Only Murders in the Building, Hulu)
• Jeremy Allen White (The Bear, FX)
• D’Pharaoh Woon-A-Tai (Reservation Dogs, FX)
Best Actress in a Comedy Series
• Quinta Brunson (Abbott Elementary, ABC)
• Ayo Edebiri (The Bear, FX)
• Selena Gomez (Only Murders in the Building, Hulu)
• Maya Rudolph (Loot, Apple)
• Jean Smart (Hacks, HBO/Max)
• Kristen Wiig (Palm Royale, Apple TV+)
Best Supporting Actor in a Comedy Series
• Lionel Boyce (The Bear, FX)
• Paul W. Downs (Hacks, HBO/Max)
• Ebon Moss-Bachrach (The Bear, FX)
• Paul Rudd (Only Murders in the Building, Hulu)
• Tyler James Williams (Abbott Elementary, ABC)
• Bowen Yang (Saturday Night Live, NBC)
Best Supporting Actress in a Comedy Series
• Carol Burnett (Palm Royale, Apple TV+)
• Liza Colón-Zayas (The Bear, FX)
• Hannah Einbinder (Hacks, HBO/Max)
• Janelle James (Abbott Elementary, ABC)
• Sheryl Lee Ralph (Abbott Elementary, ABC)
• Meryl Streep (Only Murders in the Building, Hulu)
Best Guest Actor in a Comedy Series
• Jon Bernthal (The Bear, FX)
• Matthew Broderick (Only Murders in the Building, Hulu)
• Ryan Gosling (Saturday Night Live, NBC)
• Christopher Lloyd (Hacks, HBO/Max)
• Bob Odenkirk (The Bear, FX)
• Will Poulter (The Bear, FX)
Best Guest Actress in a Comedy Series
• Olivia Colman (The Bear, FX)
• Jamie Lee Curtis (The Bear, FX)
• Kaitlin Olson (Hacks, HBO/Max)
• Da’Vine Joy Randolph (Only Murders in the Building, Hulu)
• Maya Rudolph (Saturday Night Live, NBC)
• Kristen Wiig (Saturday Night Live, NBC)
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MacDailyNews Take: Congrats to all of the Apple TV+ nominees! The full list of 2024 Emmy nominations is here.
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Many major features won’t arrive this fall with iOS 18
Apple’s iOS is feature-packed with iOS 18, but you’ll have to wait for many key features as they will not arrive this fall with the public release of iOS 18.0, but will instead trickle out with iOS 18 updates over the course of many months spanning well into 2024.
Ryan Christoffel for 9to5Mac:
Apple Intelligence’s fall arrival will bring with it a new Siri interface and select new capabilities, but some of the most powerful Siri upgrades will be added some time over the coming year.
Siri abilities coming later include having on-screen awareness of what you’re doing at any given time so that you can say, for example, “Use this as their contact photo” and it will understand the context and perform the action accordingly.
Similarly, Siri’s deeper knowledge of in-app functions and ability to, say, play the podcast that your significant other sent you, won’t arrive until some time in the year ahead.
While the core Apple Intelligence features are set to arrive this fall as part of iOS 18 and more, it’s important to know that Apple is labeling this initial AI release as a beta feature. So expect issues and inconsistencies to get worked out in the weeks and months following the fall release.
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MacDailyNews Take: iOS 18 should be codenamed “Vapor” or, at least, “Hurry Up and Wait.” By late spring 2025, iOS 18 should reach its full promise.
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Investors ride the ‘Trump trade’ as expectations for a second term increase
Rising expectations that former U.S. President Donald Trump will win the election in November are supercharging the so-called “Trump trade,” on views of what his policies will deliver to parts of the market.
The current 2024 U.S. presidential election betting odds from Maxim Lott and John Stossel have former President Trump at 66.0% (vs. 15.1% for Biden and 12.0% for Harris, should she replace Biden).
Stock investors are leaning into corners of the U.S. equity market that could benefit from proposed Trump policies such as tax cuts and regulatory easing, including small caps and energy shares. Those preferences – along with expectations that the Federal Reserve will cut interest rates in coming months – are fueling a rotation out of big technology stocks and into less-loved areas of the market…
“The market is saying that the expectation is that there is going to be a second Trump presidency,” said JJ Kinahan, CEO of IG North America and president of online broker tastytrade. “The probabilities are all pointing that way.” Online prediction site PredictIt on Tuesday showed bets of an election win at 69 cents for Trump, compared with 53 cents a month ago. Biden stood at 28 cents, compared with 44 cents in mid-June.
The rising odds have been accompanied by a rally in everything from small caps to shares of crypto companies. Beneficiaries include private prison operator Geo Group, whose shares have risen 33% since the debate in late June. Trump promised to crack down on illegal immigration, which could boost demand for detention centers.
“The Trump trade … revolves around the prospect of faster economic growth that favors domestic companies,” said Brian Jacobsen, chief economist at Annex Wealth Management.
King Lip, chief strategist at BakerAvenue Wealth Management, said his firm has been holding a limited position in small-cap stocks as a hedge for a Trump victory.
Robert Christian, chief investment officer at K2 Advisors, which invests in hedge funds, said many hedge funds have positioned for a Trump win with increased exposure to energy companies and financials, which they believe could benefit from a looser regulatory environment.
Some stocks have suffered as Trump’s perceived chances have grown. Among them have been shares of European carmakers, which could be hard-hit by potential tariffs on foreign imports.
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MacDailyNews Note: The small-cap-focused Russell 2000 index is up 11% since the June 27th 2024 U.S. presidential debate, as expectations that Trump will extend the Tax Cuts and Jobs Act (TCJA) and bets that the Federal Reserve will cut interest rates in September boost the appeal of smaller companies. The S&P 500, made up of 500 of the U.S. largest publicly traded companies and led by Apple, by contrast, is up just 3.4% since the June 27th.
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Former President Trump says Taiwan should pay for defense, sending TSMC stock down
Taiwan should pay the U.S. for its defense, former U.S. President and Republican presidential candidate Donald Trump told Bloomberg Businessweek in a story published Tuesday, sending shares of major Apple supplier Taiwanese chip manufacturer TSMC lower on Wednesday.
Reuters:
“I know the people very well, respect them greatly. They did take about 100% of our chip business. I think, Taiwan should pay us for defense,” Trump said in interview on June 25 that was published on Tuesday. “You know, we’re no different than an insurance company. Taiwan doesn’t give us anything.”
The United States is Taiwan’s most important international supporter and arms supplier, but they have no formal defense agreement, unlike what Washington has with South Korea and Japan. The U.S. is, however, bound by law to provide Taiwan with the means to defend itself.
Taiwan Premier Cho Jung-tai, responding to Trump’s comments, said Taiwan and the U.S. have good relations despite the lack of formal ties, and is dedicated to bolstering its own defenses.
Taiwan, which China views as its own territory, has complained of repeated Chinese military activity over the past four years as Beijing seeks to pressure the democratically governed island which rejects China’s sovereignty claims…
Washington and Taipei have had no official diplomatic or military relationship since 1979, when the U.S. switched recognition to Beijing and terminated a mutual defense treaty.
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MacDailyNews Note: TSMC, the world’s largest contract chipmaker and a major Apple supplier, closed down 2.4% on Wednesday.
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FBI uses Cellebrite technology to access would-be Trump assassin’s phone
New, faster phone-cracking technology from Cellebrite was used to access the phone – unconfirmed reports say it was an iPhone – of the would-be assassin of former President Trump at a rally in Butler, PA on Saturday that killed one person and critically injured two other attendees, The Washington Post reports citing “people familiar with the investigation.”
Devlin Barrett and Emily Davies for The Washington Post:
Officials said Monday they were able to access a cell phone belonging to Thomas Matthew Crooks, of Bethel Park, Pa., but they did not describe the technology behind that effort. Investigators are also exploring the possibility the gunman may have used two phones, after agents recovered a cellphone in Crooks’s house with a dead battery, according to the people familiar with the matter, who spoke on the condition of anonymity to describe details of an ongoing investigation.
After the shooting, investigators approached Crooks’s body and found he was carrying a cellphone. That device was first sent to the Pittsburgh FBI office, which did not have the technology to open it quickly, according to the people familiar with the investigation.
Officials sent the phone to the FBI’s laboratory in Quantico, Va., on Sunday, these people said.
At Quantico, FBI agents used technology from Cellebrite, a company well known among law enforcement companies for helping them access data on phones seized or recovered in criminal investigations, to get into the phone quickly, the people said.
The phone was a relatively new model, which can be harder for law enforcement to access than old phones because of newer software, according to technology experts. In many federal investigations, it can take hours, weeks or months to open a suspect’s phone.
In the Crooks case, which was an urgent priority for both the FBI and Cellebrite, the contractor’s technology was able to open it in less than 40 minutes, the people said.
Cracking the phone did not crack the case, the people said. It offered some leads to pursue, but did not hold any immediate evidence of motive or what agents call “derogatory information” — clues to criminal plans or associates.
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MacDailyNews Note: In January 2020, Police Scotland has posted a video showing a Cellebrite device unlocking a smartphone and accessing data found on the device:
MacDailyNews Take: As per unlocking iPhones, which Cellebrite can reportedly accomplish, and in regard to non-criminals’ security, why can’t Apple procure these Cellebrite cyber kiosks, figure out what they’re exploiting, and close the hole(s) if it’s software and, if it’s a hardware exploit of the Secure Enclave, fix the issue(s) in future models?
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Apple Store App ‘For You’ section redesigned
Apple’s Store app just got smarter. Now, the “For You” tab curates personalized product and service recommendations, helping you find exactly what you need. Plus, it now helps users unlock hidden potential in their Apple devices with handy tips and tricks.
The entire navigation bar has been refreshed, replacing Shop with Products and Sessions with Go Further. The For You tab provides relevant offers and suggestions such as free Apple Music and Apple TV+ trials, while the Products tab lets you see new products and also shop for accessories for your devices.
The “Go Further” tab shows nearby Today at Apple sessions, provides help with device setup, and offers support for your devices. For these new changes, Apple has a new opt-in data collection feature. Apple says that it collects data about your shopping activity, subscriptions, and more to make suggestions, but there is an option to not provide this information to Apple.
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MacDailyNews Take: We’ve opted to data collection in Apple’s Store app as it improves the experience and we trust Apple to preserve our privacy.
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Apple poised for record Apple Intelligence-fueled iPhone upgrades – Morgan Stanley
Apple’s seamless integration of Apple Intelligence is fueling confidence among Morgan Stanley analysts who upgraded Apple to their Top Pick and set a new price target of $273 for Apple stock, as they anticipate a record-breaking upgrade supercycle for iPhones and iPads.
At WWDC in June, Apple introduced Apple Intelligence, the personal intelligence system for iPhone, iPad, and Mac that combines the power of generative models with personal context to deliver intelligence that’s incredibly useful and relevant. Apple Intelligence is deeply integrated into iOS 18, iPadOS 18, and macOS Sequoia. It harnesses the power of Apple silicon to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks. With Private Cloud Compute, Apple sets a new standard for privacy in AI, with the ability to flex and scale computational capacity between on-device processing and larger, server-based models that run on dedicated Apple silicon servers.
“We see Apple Intelligence as the closest possible offering to a true smart virtual assistant in the market today,” Morgan Stanley analysts highlighted.
They project that Apple Inc. will ship 235 million iPhones in the fiscal year 2025 (FY25) and 262 million in FY26, which are 2-12% above consensus estimates. These forecasts are supported by the analysis of Apple’s extensive installed base and the potential for upgrades.
Only 15% of Apple’s current device base can support AI features, pointing to a significant opportunity for upgrades as users transition to devices equipped with the A17 Pro or M-series chips.
Morgan Stanley’s report also emphasizes that Apple is entering FY25 with the “largest iPhone upgradeable base in history.”
Analysts estimate that 31% of the 700 million upgradeable iPhones will be replaced within the next 12 months, driving the projected shipment numbers. In the US, where access to Apple Intelligence will be immediate, upgrade rates are expected to reach a record 36% in FY25.
Globally, the iPhone replacement cycle is poised to accelerate further in FY26, driven by broader language support for Apple Intelligence, additional software innovations, and new hardware features. This cycle is projected to result in 262 million shipments, which represents an all-time high and 12% above consensus estimates.
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MacDailyNews Take: The Mother of All iPhone Supercycles looms!
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[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
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Apple touts tax-free iPhones, Macs, iPads, and more in several U.S. states
Apple has announced a list of tax-free products that qualify for sales tax exemption in U.S. states with summer sales tax holidays. Some U.S. states hold annual sales tax free weekends in late summer to help parents save money on school supplies including superior Apple products.
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Eligible products include:
(check your state for exact products and price limitations)
• Mac computers
• iPad models
• Accessories (purchased with computer)
– Keyboards
– Mice
– Apple Pencil
– Speakers
– Monitors
• Printers
• Computer storage media, compact disks
• Apple and third-party software
• AppleCare (when sold with and for eligible items)
• And more (depending on the state)
Here are the U.S. states offering sales tax-free holidays and their dates:
• Alabama: July 19 – 21
• Arkansas: August 3 – 4
• Florida: July 29 – August 11
• Massachusetts: August 10 – 11
• Missouri: August 2 – 4
• Ohio: July 30 – August 8
• Tennessee: July 26 – 28
• West Virginia: August 2 – 5
MacDailyNews Note: See which Apple products qualify for each state’s tax-free holiday here.
Note that your tax savings may not appear at checkout, but will appear on your final receipt.
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Apple TV+ renews ‘Loot,’ starring Maya Rudolph, for season three
Apple TV+ today announced that “Loot” has been renewed for season three. The comedy series is led by five-time Emmy Award-winning star and executive producer Maya Rudolph, alongside an all-star comedy ensemble cast that includes Michaela Jaé Rodriguez, Nat Faxon, Ron Funches and Joel Kim Booster.
The season two finale saw Molly Wells (Rudolph) and her trusted and unhinged assistant Nicholas (Kim Booster) board Molly’s private jet following her awkward exchange with her will-they, won’t-they colleague Arthur (Faxon). Where will the PJ land? Luckily, season three will continue to follow the antics of the beloved group of misfits at The Wells Foundation.
“We are thrilled to come back for a third season,” said Maya Rudolph and Danielle Renfrew Behrens of Banana Split Projects in a statement. “We’re extremely fortunate to spend more time with our talented cast and crew. Making this show with Apple TV+ has been a joy, and we can’t wait to reunite with our ‘Loot’ family.”
“With each season, ‘Loot’ continues to deliver joy, laughs and endearing characters for audiences around the world,” said Matt Cherniss, head of programming for Apple TV+, in a statement. “We are excited to partner with Maya Rudolph, and the entire cast and creative team behind ‘Loot,’ to create even more heartfelt moments with an ensemble of fan-favorite characters in season three.”
The complete first and second seasons of “Loot” are now streaming globally on Apple TV+. “Loot” season two kicks off a year after Molly Wells settles her very public divorce from tech billionaire John Novak (Adam Scott), and we find her thriving in her role as the head of her philanthropic organization, the Wells Foundation. Focused mainly on her charity work, Molly has sworn off any new relationships with men and embarks on a wellness journey. Fabulously single but not particularly independent, Molly keeps her trusty assistant, Nicholas by her side. He diligently caters to her every whim … and occasionally feeds her a kale smoothie spiked with gin.
Sofia Salinas (Rodriguez), the no-nonsense executive director of the Wells Foundation, continues to run things with compassionate efficiency, but her all-business ethos is thrown for a loop when she meets Molly’s charismatic architect friend Isaac (O-T Fagbenle). The bromance between Howard (Funches) and Nicholas also continues to flourish as they support each other in their endeavors both inside and outside the workplace. Meanwhile, Arthur has moved past his feelings for Molly and has adopted a new devil-may-care attitude on life, a change encapsulated by a very lame leather bracelet. The Wells Foundation team, including Rhonda (Meagen Fay) and Ainsley (Stephanie Styles), must pull together as co-workers and friends as Molly strives to publicly live up to her promise of giving away all of her vast fortune. Guest stars include Benjamin Bratt, Ana Gasteyer and Fagbenle, among others.
“Loot” is created, written and executive produced by Alan Yang and Matt Hubbard. Rudolph also serves as executive producer for Banana Split Projects, along with her producing partner Renfrew Behrens, Dave Becky of 3 Arts and Natasha Lyonne. “Loot” is produced for Apple by Universal Television, a division of Universal Studio Group.
Apple TV+ offers premium, compelling drama and comedy series, feature films, groundbreaking documentaries, and kids and family entertainment, and is available to watch across all of a user’s favorite screens. After its launch on November 1, 2019, Apple TV+ became the first all-original streaming service to launch around the world, and has premiered more original hits and received more award recognitions faster than any other streaming service in its debut. To date, Apple Original films, documentaries and series have earned 499 wins and 2,190 award nominations and counting, including multi-Emmy Award-winning comedy “Ted Lasso” and historic Oscar Best Picture winner “CODA.”
Apple TV+ is available on the Apple TV app in over 100 countries and regions, on over 1 billion screens, including iPhone, iPad, Apple TV, Apple Vision Pro, Mac, popular smart TVs from Samsung, LG, Sony, VIZIO, TCL and others, Roku and Amazon Fire TV devices, Chromecast with Google TV, PlayStation and Xbox gaming consoles, and at tv.apple.com, for $9.99 per month with a seven-day trial. For a limited time, customers who purchase and activate a new iPhone, iPad, Apple TV, Mac or iPod touch can enjoy three months of Apple TV+ for free.
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MacDailyNews Take: Let’s face it, the amount of buzz generated by this one couldn’t drown out a single bumblebee. The series is never near the top of the most-watched lists on Apple TV+. Do you watch and like “Loot?”
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