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$Apple(AAPL.US) | Morgan Stanley 𝐫𝐞𝐢𝐭𝐞𝐫𝐚𝐭𝐞𝐬 𝐎𝐯𝐞𝐫𝐰𝐞𝐢𝐠𝐡𝐭 on 𝐀𝐩𝐩𝐥𝐞, maintains 𝐏𝐓 𝐚𝐭 $𝟑𝟔𝟎

$Apple(AAPL.US) Apple stock dropped 6.2% after announcing price increases on MacBook and iPad due to rising memory costs, impacting technology stocks. Analysts reiterated a Buy rating on Apple stock, calling the intra-cycle price hikes on Macs, iPads, and home devices a "rare move" following recent comments from CEO Tim Cook on intense supply constraints in the memory market. The price increases range from 17% to 25% across the core Mac and iPad offerings on base-model configurations, with larger percentage hikes on smaller-ticket home devices, including Apple TV at about 54%. Apple's long-term memory supply contracts were "rolling off" during the quarter, exposing the company to spot market pricing. @Bridge Buzz SG

⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $Apple(AAPL.US) Apple To Skip High-end M6 Mac Chips In Favor Of Ai-focused M7 - Bloomberg

$Apple(AAPL.US) June revenue growth target of 14-17% vs. Street at 9%. Cook says Mac will be constrained in June which means the real growth is slightly better.

Source: Gene Munster

NEW: Google is ramping up development of a dedicated Gemini AI app for Apple Inc.’s Mac computer lineup, looking to step up competition with OpenAI and Anthropic.

Source: Mark Gurman