Morningstar's 8 undervalued stocks that are raising dividends
When a company increases its dividend, that obviously means a higher payout for investors. It also often indicates financial strength for the company, as presumably it is earning more cash to pay for the dividend increase. With that in mind, Morningstar has put together a list of eight stocks that recently increased their dividends and are undervalued according to Morningstar fair value estimates “Since the stock market’s gains this year have been powered by just a handful of big-name technology stocks, many dividend-paying stocks have lagged,” wrote Tom Lauricella, chief markets editor for Morningstar. . “But that poor performance is opening opportunities for long-term investors to find undervalued dividend payers, including those that have been raising their payouts.” For this list, Morningstar chose companies that have raised their dividend recently, as that can be a sign of a company’s confidence in its future finances, Lauricella said. Morningstar screened for stocks that increased their dividend at least 5% between July 1 and Oct. 31. It dumped any stock with a dividend yield under 2%. Among the remainder, Morningstar selected stocks that its analysts see as substantially undervalued. That created the elite eight. Here it is, starting with the company that lifted its dividend the most.Radio, Food, Motor Homes 1. Sirius XM Holdings SIRI Morningstar moat (durable competitive advantage) rating: narrow. Morningstar fair value estimate: $7. Friday’s closing price: $4.63. Recent dividend increase: 9.9%. Forward dividend yield: 2.3%. 2. McDonald’s MCD Morningstar moat rating: wide. Morningstar fair value estimate: $290. Friday’s closing price: $267.79. Recent dividend increase: 9.9%. Forward dividend yield: 2.49%. 3. Microchip Technology MCHP, a supplier of semiconductors that act as the brains in electronic devices Morningstar moat rating: wide. Morningstar fair value estimate: $90. Friday’s closing price: $77.56. Recent dividend increase: 7.1%. Forward dividend yield: 1.91% (the list came out on Nov. 9, and Microchip stock soared that day, pushing its yield below 2%). 4. Thor Industries THO, a motor home maker Morningstar moat: none. Morningstar fair value estimate: $139. Friday’s closing price: $91.32. Recent dividend increase: 6.7%. Forward dividend yield: 2.1%.Utilities and More Utilities 5. American Electric Power AEP, a utility Morningstar moat rating: narrow. Morningstar fair value estimate: $97. Friday’s closing price: $77.70. Recent dividend increase: 6%. Forward dividend yield: 4.53%. 6. Entergy ETR, a utility Morningstar moat rating: narrow. Morningstar fair value estimate: $120. Friday’s closing price: $96.61. Recent dividend increase: 5.6%. Forward dividend yield: 4.68%. 7. CenterPoint Energy CNP, a utility Morningstar moat rating: narrow. Morningstar fair value estimate: $30. Friday’s closing price: $27.12. Recent dividend increase: 5.3%. Forward dividend yield: 2.95%. 8. FirstEnergy FE, a utility Morningstar moat rating: narrow. Morningstar fair value estimate: $40. Friday’s closing price: $35.30. Recent dividend increase 5.1%. Forward dividend yield: 4.65% The author owns shares of McDonald’s and FirstEnergy.
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When a company increases its dividend, that obviously means a higher payout for investors. It also often indicates financial strength for the company, as presumably it is earning more cash to pay for the dividend increase. With that in mind, Morningstar has put together a list of eight stocks that recently increased their dividends and are undervalued according to Morningstar fair value estimates “Since the stock market’s gains this year have been powered by just a handful of big-name technology stocks, many dividend-paying stocks have lagged,” wrote Tom Lauricella, chief markets editor for Morningstar. . “But that poor performance is opening opportunities for long-term investors to find undervalued dividend payers, including those that have been raising their payouts.” For this list, Morningstar chose companies that have raised their dividend recently, as that can be a sign of a company’s confidence in its future finances, Lauricella said. Morningstar screened for stocks that increased their dividend at least 5% between July 1 and Oct. 31. It dumped any stock with a dividend yield under 2%. Among the remainder, Morningstar selected stocks that its analysts see as substantially undervalued. That created the elite eight. Here it is, starting with the company that lifted its dividend the most.Radio, Food, Motor Homes 1. Sirius XM Holdings SIRI Morningstar moat (durable competitive advantage) rating: narrow. Morningstar fair value estimate: $7. Friday’s closing price: $4.63. Recent dividend increase: 9.9%. Forward dividend yield: 2.3%. 2. McDonald’s MCD Morningstar moat rating: wide. Morningstar fair value estimate: $290. Friday’s closing price: $267.79. Recent dividend increase: 9.9%. Forward dividend yield: 2.49%. 3. Microchip Technology MCHP, a supplier of semiconductors that act as the brains in electronic devices Morningstar moat rating: wide. Morningstar fair value estimate: $90. Friday’s closing price: $77.56. Recent dividend increase: 7.1%. Forward dividend yield: 1.91% (the list came out on Nov. 9, and Microchip stock soared that day, pushing its yield below 2%). 4. Thor Industries THO, a motor home maker Morningstar moat: none. Morningstar fair value estimate: $139. Friday’s closing price: $91.32. Recent dividend increase: 6.7%. Forward dividend yield: 2.1%.Utilities and More Utilities 5. American Electric Power AEP, a utility Morningstar moat rating: narrow. Morningstar fair value estimate: $97. Friday’s closing price: $77.70. Recent dividend increase: 6%. Forward dividend yield: 4.53%. 6. Entergy ETR, a utility Morningstar moat rating: narrow. Morningstar fair value estimate: $120. Friday’s closing price: $96.61. Recent dividend increase: 5.6%. Forward dividend yield: 4.68%. 7. CenterPoint Energy CNP, a utility Morningstar moat rating: narrow. Morningstar fair value estimate: $30. Friday’s closing price: $27.12. Recent dividend increase: 5.3%. Forward dividend yield: 2.95%. 8. FirstEnergy FE, a utility Morningstar moat rating: narrow. Morningstar fair value estimate: $40. Friday’s closing price: $35.30. Recent dividend increase 5.1%. Forward dividend yield: 4.65% The author owns shares of McDonald’s and FirstEnergy.
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TheStreet
Double play: Morningstar's 8 undervalued stocks that are raising dividends
When a company lifts its dividend, that often signals financial strength, as presumably it's earning more to pay for the dividend hike.
*Zelle makes a big change to its fraud policy*
Online payments platform Zelle was seen as a god-send when it arrived. A payment system that allows money transfers between most of the country's large banks just by the push of a button was a game changer for customers weary of being only able to transfer funds to people using the same bank as them. Related: People Keep Asking Reddit If They're Being Scammed On Zelle And Venmo However, the consortium of banks behind the business — Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, Wells Fargo — had one major blind spot that would never fly on any of their individual platforms. That blind spot was fraud. A March 2022 New York Times report on the scams that were endemic on Zelle was used as a springboard for politicians who were paying attention, including Sen. Elizabeth Warren (D-MA), to pressure the company to change its ways. In August, Zelle announced that it was introducing a new reimbursement benefit for "specific scam types," but now the company is providing details on how its new imposter scam refund policy actually works. The company hadn't previously provided details due to worries that doing so might encourage criminals to make false scam claims, a spokesperson told Reuters. Banks have had concerns that covering the cost of authorized transactions will encourage more fraud through false scam claims, but Early Warning Services — the privately held fintech company that is owned by the seven banks that own Zelle — says that it has implemented a mechanism that allows banks to take back funds from the offending recipient's account and return them to the sender. Lenders are also now required to implement a tool that flags transfers that look fishy, including transfers to accounts that have never been active on the Zelle network previously. "We have had a strong set of controls since the launch of the network, and as part of our journey we have continued to evolve those controls ... to keep pace with what we see is going on in the marketplace," Ben Chance, chief fraud risk officer at EWS told Reuters. Of the $629 billion worth of payments processed on the network in 2022, 99.9% were made without a fraud or scam report, according to the company. But previously, consumers had little recourse to recover the $2.6 billion in scam related losses the Federal Trade Commission tracked in 2022. More than 100 million people, all of whom have U.S. bank accounts, have access to Zelle, according to EWS. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/investing/zelle-makes-big-fraud-changes)
Online payments platform Zelle was seen as a god-send when it arrived. A payment system that allows money transfers between most of the country's large banks just by the push of a button was a game changer for customers weary of being only able to transfer funds to people using the same bank as them. Related: People Keep Asking Reddit If They're Being Scammed On Zelle And Venmo However, the consortium of banks behind the business — Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, Wells Fargo — had one major blind spot that would never fly on any of their individual platforms. That blind spot was fraud. A March 2022 New York Times report on the scams that were endemic on Zelle was used as a springboard for politicians who were paying attention, including Sen. Elizabeth Warren (D-MA), to pressure the company to change its ways. In August, Zelle announced that it was introducing a new reimbursement benefit for "specific scam types," but now the company is providing details on how its new imposter scam refund policy actually works. The company hadn't previously provided details due to worries that doing so might encourage criminals to make false scam claims, a spokesperson told Reuters. Banks have had concerns that covering the cost of authorized transactions will encourage more fraud through false scam claims, but Early Warning Services — the privately held fintech company that is owned by the seven banks that own Zelle — says that it has implemented a mechanism that allows banks to take back funds from the offending recipient's account and return them to the sender. Lenders are also now required to implement a tool that flags transfers that look fishy, including transfers to accounts that have never been active on the Zelle network previously. "We have had a strong set of controls since the launch of the network, and as part of our journey we have continued to evolve those controls ... to keep pace with what we see is going on in the marketplace," Ben Chance, chief fraud risk officer at EWS told Reuters. Of the $629 billion worth of payments processed on the network in 2022, 99.9% were made without a fraud or scam report, according to the company. But previously, consumers had little recourse to recover the $2.6 billion in scam related losses the Federal Trade Commission tracked in 2022. More than 100 million people, all of whom have U.S. bank accounts, have access to Zelle, according to EWS. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/investing/zelle-makes-big-fraud-changes)
TheStreet
Zelle finally makes the big change customers have been clamoring for
Political pressure combined with market pressure has forced big changes on the Zelle payment network.
Zelle makes a big change to its fraud policy
Online payments platform Zelle was seen as a god-send when it arrived. A payment system that allows money transfers between most of the country's large banks just by the push of a button was a game changer for customers weary of being only able to transfer funds to people using the same bank as them. Related: People Keep Asking Reddit If They're Being Scammed On Zelle And Venmo However, the consortium of banks behind the business — Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, Wells Fargo — had one major blind spot that would never fly on any of their individual platforms. That blind spot was fraud. A March 2022 New York Times report on the scams that were endemic on Zelle was used as a springboard for politicians who were paying attention, including Sen. Elizabeth Warren (D-MA), to pressure the company to change its ways. In August, Zelle announced that it was introducing a new reimbursement benefit for "specific scam types," but now the company is providing details on how its new imposter scam refund policy actually works. The company hadn't previously provided details due to worries that doing so might encourage criminals to make false scam claims, a spokesperson told Reuters. Banks have had concerns that covering the cost of authorized transactions will encourage more fraud through false scam claims, but Early Warning Services — the privately held fintech company that is owned by the seven banks that own Zelle — says that it has implemented a mechanism that allows banks to take back funds from the offending recipient's account and return them to the sender. Lenders are also now required to implement a tool that flags transfers that look fishy, including transfers to accounts that have never been active on the Zelle network previously. "We have had a strong set of controls since the launch of the network, and as part of our journey we have continued to evolve those controls ... to keep pace with what we see is going on in the marketplace," Ben Chance, chief fraud risk officer at EWS told Reuters. Of the $629 billion worth of payments processed on the network in 2022, 99.9% were made without a fraud or scam report, according to the company. But previously, consumers had little recourse to recover the $2.6 billion in scam related losses the Federal Trade Commission tracked in 2022. More than 100 million people, all of whom have U.S. bank accounts, have access to Zelle, according to EWS. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
Read more...
Online payments platform Zelle was seen as a god-send when it arrived. A payment system that allows money transfers between most of the country's large banks just by the push of a button was a game changer for customers weary of being only able to transfer funds to people using the same bank as them. Related: People Keep Asking Reddit If They're Being Scammed On Zelle And Venmo However, the consortium of banks behind the business — Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, Wells Fargo — had one major blind spot that would never fly on any of their individual platforms. That blind spot was fraud. A March 2022 New York Times report on the scams that were endemic on Zelle was used as a springboard for politicians who were paying attention, including Sen. Elizabeth Warren (D-MA), to pressure the company to change its ways. In August, Zelle announced that it was introducing a new reimbursement benefit for "specific scam types," but now the company is providing details on how its new imposter scam refund policy actually works. The company hadn't previously provided details due to worries that doing so might encourage criminals to make false scam claims, a spokesperson told Reuters. Banks have had concerns that covering the cost of authorized transactions will encourage more fraud through false scam claims, but Early Warning Services — the privately held fintech company that is owned by the seven banks that own Zelle — says that it has implemented a mechanism that allows banks to take back funds from the offending recipient's account and return them to the sender. Lenders are also now required to implement a tool that flags transfers that look fishy, including transfers to accounts that have never been active on the Zelle network previously. "We have had a strong set of controls since the launch of the network, and as part of our journey we have continued to evolve those controls ... to keep pace with what we see is going on in the marketplace," Ben Chance, chief fraud risk officer at EWS told Reuters. Of the $629 billion worth of payments processed on the network in 2022, 99.9% were made without a fraud or scam report, according to the company. But previously, consumers had little recourse to recover the $2.6 billion in scam related losses the Federal Trade Commission tracked in 2022. More than 100 million people, all of whom have U.S. bank accounts, have access to Zelle, according to EWS. Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
Read more...
TheStreet
Zelle finally makes the big change customers have been clamoring for
Political pressure combined with market pressure has forced big changes on the Zelle payment network.
*Аксельбант*
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Forma-Odezhda
Аксельбант
Узнайте о Аксельбант в энциклопедии магазина Форма одежды.
Аксельбант
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Forma-Odezhda
Аксельбант
Узнайте о Аксельбант в энциклопедии магазина Форма одежды.
*ГОСТ Р*
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[Read more...](https://analogindex.livejournal.com/3577485.html)
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Forma-Odezhda
ГОСТ Р 12.4.189-99 СИЗОД Маски
Узнайте о ГОСТ Р 12.4.189-99 СИЗОД Маски в энциклопедии магазина Форма одежды.
ГОСТ Р
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Forma-Odezhda
ГОСТ Р 12.4.189-99 СИЗОД Маски
Узнайте о ГОСТ Р 12.4.189-99 СИЗОД Маски в энциклопедии магазина Форма одежды.
*Форма одежды*
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Forma-Odezhda
Форма одежды - магазин форменной одежды полиции, МЧС, МВД
Военторг Форма одежды - уставная форма, камуфляж, военная одежда, военторги москвы, армейский магазин, военный магазин, форма полиции, форма МЧС
Форма одежды
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Forma-Odezhda
Форма одежды - магазин форменной одежды полиции, МЧС, МВД
Военторг Форма одежды - уставная форма, камуфляж, военная одежда, военторги москвы, армейский магазин, военный магазин, форма полиции, форма МЧС
*Инсайдер: Apple тестирует iPhone 16 Pro с отверстием вместо «пилюли» Dynamic Island*
Похоже, селфи-камеру под экраном представят только в iPhone 30.
[Read more...](https://lifehacker.ru/iphone-16-pro-s-kruglym-otverstiem/)
Похоже, селфи-камеру под экраном представят только в iPhone 30.
[Read more...](https://lifehacker.ru/iphone-16-pro-s-kruglym-otverstiem/)
*Исследование: Россия и Боливия на одном уровне владения английским языком*
А как свои знания оцениваете вы?
[Read more...](https://lifehacker.ru/rossiya-i-boliviya-na-odnom-urovne-anglijskogo/)
А как свои знания оцениваете вы?
[Read more...](https://lifehacker.ru/rossiya-i-boliviya-na-odnom-urovne-anglijskogo/)
*В Москве стартует Неделя российской рекламы*
Официально-деловые и торжественные мероприятия, посвящённые 145-летию российской рекламной индустрии и 30-летнему юбилею АКАР, пройдут с 13 по 17 ноября 2023 года.
[Read more...](https://lifehacker.ru/nedelya-rossijskoj-reklamy/)
Официально-деловые и торжественные мероприятия, посвящённые 145-летию российской рекламной индустрии и 30-летнему юбилею АКАР, пройдут с 13 по 17 ноября 2023 года.
[Read more...](https://lifehacker.ru/nedelya-rossijskoj-reklamy/)
*Elon Musk eyes Nov. 17 for a huge new move with Starship*
Roughly six months ago, SpaceX sent its Starship rocket on a maiden voyage that ended in a fiery self-destruction minutes after it left the launchpad. In the time since, CEO Elon Musk has been anxious to send Starship on its second flight test. But regulators haven't been keen to rush the process. The Federal Aviation Administration (FAA) only recently wrapped up its months-long Starship safety review, bringing Musk a step closer to launch. But the company doesn't have a license to fly yet; SpaceX is still waiting on the U.S. Fish and Wildlife Service to complete an environmental review into the launch. Starship won't be able to fly until after the review is complete. Related: Elon Musk's SpaceX is making bold moves despite one red flag But SpaceX thinks the review is approaching completion. The space exploration company said Nov. 10 that the second flight test of Starship could occur as early as Nov. 17, pending regulatory approval. A live webcast of the launch will begin a half hour before liftoff. "Starship’s first flight test provided numerous lessons learned that directly contributed to several upgrades to both the vehicle and ground infrastructure to improve the probability of success on future flights," the company wrote in a statement. The first Starship flight destroyed the launch pad, hurling debris over the neighboring area and inciting a lawsuit against the FAA for allowing SpaceX to launch without properly examining the environmental impact. PATRICK T. FALLON/Getty Images The ship, according to Musk, is designed to carry both crew and cargo to Mars and beyond, an objective he thinks is vital to the survival of the human race. This "rapid iterative development approach," SpaceX wrote, has been an "essential" component of the company's work to build reusable, space-faring transportation systems. This comes in the wake of a report by Reuters which found that Musk's move-fast-and-break-things approach with SpaceX has resulted in at least 600 worker injuries since 2014. Many of these injuries, Reuters said, were serious or disabling. Current and former employees told the news organization that the list of injuries reflects a "chaotic workplace" where staff regularly skip safety protocols to meet Musk's "aggressive deadlines." Reuters acquired the company's injury logs through a public records request to the Occupational Safety and Health Administration (OSHA). Related: One of Tesla Chief Musk's other ventures eyes $15B revenue for 2024 “Elon’s concept that SpaceX is on this mission to go to Mars as fast as possible and save humanity permeates every part of the company,” Tom Moline, a former SpaceX senior avionics engineer told Reuters. “The company justifies casting aside anything that could stand in the way of accomplishing that goal, including worker safety.” Moline, among others, was fired after raising complaints about the company's unsafe workplace. Musk's effort to get to Mars, likewise, has already resulted in an increase in the pollution of the upper layers of the Earth's atmosphere. A further expansion of global rocket launches could further this pollution, worsening the effects of climate change. Starship preparing to launch as early as November 17, pending final regulatory approval → https://t.co/bJFjLCiTbK pic.twitter.com/qRKv9ugWsR— SpaceX (@SpaceX) November 11, 2023 SpaceX did not return TheStreet's request for comment. The company is set to bring in $9 billion in revenue for 2023, a number that could spike to $15 billion in 2024. Much of this revenue projection relies on a large expansion of Starlink, SpaceX's satellite internet service. The company's Nov. 17 launch date remains tentative until the safety review is officially completed. Related: Elon Musk has even bigger plans for SpaceX next year Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/technology/elon-musk-spacex-ceo-starship-launch-november)
Roughly six months ago, SpaceX sent its Starship rocket on a maiden voyage that ended in a fiery self-destruction minutes after it left the launchpad. In the time since, CEO Elon Musk has been anxious to send Starship on its second flight test. But regulators haven't been keen to rush the process. The Federal Aviation Administration (FAA) only recently wrapped up its months-long Starship safety review, bringing Musk a step closer to launch. But the company doesn't have a license to fly yet; SpaceX is still waiting on the U.S. Fish and Wildlife Service to complete an environmental review into the launch. Starship won't be able to fly until after the review is complete. Related: Elon Musk's SpaceX is making bold moves despite one red flag But SpaceX thinks the review is approaching completion. The space exploration company said Nov. 10 that the second flight test of Starship could occur as early as Nov. 17, pending regulatory approval. A live webcast of the launch will begin a half hour before liftoff. "Starship’s first flight test provided numerous lessons learned that directly contributed to several upgrades to both the vehicle and ground infrastructure to improve the probability of success on future flights," the company wrote in a statement. The first Starship flight destroyed the launch pad, hurling debris over the neighboring area and inciting a lawsuit against the FAA for allowing SpaceX to launch without properly examining the environmental impact. PATRICK T. FALLON/Getty Images The ship, according to Musk, is designed to carry both crew and cargo to Mars and beyond, an objective he thinks is vital to the survival of the human race. This "rapid iterative development approach," SpaceX wrote, has been an "essential" component of the company's work to build reusable, space-faring transportation systems. This comes in the wake of a report by Reuters which found that Musk's move-fast-and-break-things approach with SpaceX has resulted in at least 600 worker injuries since 2014. Many of these injuries, Reuters said, were serious or disabling. Current and former employees told the news organization that the list of injuries reflects a "chaotic workplace" where staff regularly skip safety protocols to meet Musk's "aggressive deadlines." Reuters acquired the company's injury logs through a public records request to the Occupational Safety and Health Administration (OSHA). Related: One of Tesla Chief Musk's other ventures eyes $15B revenue for 2024 “Elon’s concept that SpaceX is on this mission to go to Mars as fast as possible and save humanity permeates every part of the company,” Tom Moline, a former SpaceX senior avionics engineer told Reuters. “The company justifies casting aside anything that could stand in the way of accomplishing that goal, including worker safety.” Moline, among others, was fired after raising complaints about the company's unsafe workplace. Musk's effort to get to Mars, likewise, has already resulted in an increase in the pollution of the upper layers of the Earth's atmosphere. A further expansion of global rocket launches could further this pollution, worsening the effects of climate change. Starship preparing to launch as early as November 17, pending final regulatory approval → https://t.co/bJFjLCiTbK pic.twitter.com/qRKv9ugWsR— SpaceX (@SpaceX) November 11, 2023 SpaceX did not return TheStreet's request for comment. The company is set to bring in $9 billion in revenue for 2023, a number that could spike to $15 billion in 2024. Much of this revenue projection relies on a large expansion of Starlink, SpaceX's satellite internet service. The company's Nov. 17 launch date remains tentative until the safety review is officially completed. Related: Elon Musk has even bigger plans for SpaceX next year Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
[Read more...](https://www.thestreet.com/technology/elon-musk-spacex-ceo-starship-launch-november)
SpaceX
SpaceX designs, manufactures and launches advanced rockets and spacecraft.
Elon Musk eyes Nov. 17 for a huge new move with Starship
Roughly six months ago, SpaceX sent its Starship rocket on a maiden voyage that ended in a fiery self-destruction minutes after it left the launchpad. In the time since, CEO Elon Musk has been anxious to send Starship on its second flight test. But regulators haven't been keen to rush the process. The Federal Aviation Administration (FAA) only recently wrapped up its months-long Starship safety review, bringing Musk a step closer to launch. But the company doesn't have a license to fly yet; SpaceX is still waiting on the U.S. Fish and Wildlife Service to complete an environmental review into the launch. Starship won't be able to fly until after the review is complete. Related: Elon Musk's SpaceX is making bold moves despite one red flag But SpaceX thinks the review is approaching completion. The space exploration company said Nov. 10 that the second flight test of Starship could occur as early as Nov. 17, pending regulatory approval. A live webcast of the launch will begin a half hour before liftoff. "Starship’s first flight test provided numerous lessons learned that directly contributed to several upgrades to both the vehicle and ground infrastructure to improve the probability of success on future flights," the company wrote in a statement. The first Starship flight destroyed the launch pad, hurling debris over the neighboring area and inciting a lawsuit against the FAA for allowing SpaceX to launch without properly examining the environmental impact. PATRICK T. FALLON/Getty Images The ship, according to Musk, is designed to carry both crew and cargo to Mars and beyond, an objective he thinks is vital to the survival of the human race. This "rapid iterative development approach," SpaceX wrote, has been an "essential" component of the company's work to build reusable, space-faring transportation systems. This comes in the wake of a report by Reuters which found that Musk's move-fast-and-break-things approach with SpaceX has resulted in at least 600 worker injuries since 2014. Many of these injuries, Reuters said, were serious or disabling. Current and former employees told the news organization that the list of injuries reflects a "chaotic workplace" where staff regularly skip safety protocols to meet Musk's "aggressive deadlines." Reuters acquired the company's injury logs through a public records request to the Occupational Safety and Health Administration (OSHA). Related: One of Tesla Chief Musk's other ventures eyes $15B revenue for 2024 “Elon’s concept that SpaceX is on this mission to go to Mars as fast as possible and save humanity permeates every part of the company,” Tom Moline, a former SpaceX senior avionics engineer told Reuters. “The company justifies casting aside anything that could stand in the way of accomplishing that goal, including worker safety.” Moline, among others, was fired after raising complaints about the company's unsafe workplace. Musk's effort to get to Mars, likewise, has already resulted in an increase in the pollution of the upper layers of the Earth's atmosphere. A further expansion of global rocket launches could further this pollution, worsening the effects of climate change. Starship preparing to launch as early as November 17, pending final regulatory approval → https://t.co/bJFjLCiTbK pic.twitter.com/qRKv9ugWsR— SpaceX (@SpaceX) November 11, 2023 SpaceX did not return TheStreet's request for comment. The company is set to bring in $9 billion in revenue for 2023, a number that could spike to $15 billion in 2024. Much of this revenue projection relies on a large expansion of Starlink, SpaceX's satellite internet service. The company's Nov. 17 launch date remains tentative until the safety review is officially completed. Related: Elon Musk has even bigger plans for SpaceX next year Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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Roughly six months ago, SpaceX sent its Starship rocket on a maiden voyage that ended in a fiery self-destruction minutes after it left the launchpad. In the time since, CEO Elon Musk has been anxious to send Starship on its second flight test. But regulators haven't been keen to rush the process. The Federal Aviation Administration (FAA) only recently wrapped up its months-long Starship safety review, bringing Musk a step closer to launch. But the company doesn't have a license to fly yet; SpaceX is still waiting on the U.S. Fish and Wildlife Service to complete an environmental review into the launch. Starship won't be able to fly until after the review is complete. Related: Elon Musk's SpaceX is making bold moves despite one red flag But SpaceX thinks the review is approaching completion. The space exploration company said Nov. 10 that the second flight test of Starship could occur as early as Nov. 17, pending regulatory approval. A live webcast of the launch will begin a half hour before liftoff. "Starship’s first flight test provided numerous lessons learned that directly contributed to several upgrades to both the vehicle and ground infrastructure to improve the probability of success on future flights," the company wrote in a statement. The first Starship flight destroyed the launch pad, hurling debris over the neighboring area and inciting a lawsuit against the FAA for allowing SpaceX to launch without properly examining the environmental impact. PATRICK T. FALLON/Getty Images The ship, according to Musk, is designed to carry both crew and cargo to Mars and beyond, an objective he thinks is vital to the survival of the human race. This "rapid iterative development approach," SpaceX wrote, has been an "essential" component of the company's work to build reusable, space-faring transportation systems. This comes in the wake of a report by Reuters which found that Musk's move-fast-and-break-things approach with SpaceX has resulted in at least 600 worker injuries since 2014. Many of these injuries, Reuters said, were serious or disabling. Current and former employees told the news organization that the list of injuries reflects a "chaotic workplace" where staff regularly skip safety protocols to meet Musk's "aggressive deadlines." Reuters acquired the company's injury logs through a public records request to the Occupational Safety and Health Administration (OSHA). Related: One of Tesla Chief Musk's other ventures eyes $15B revenue for 2024 “Elon’s concept that SpaceX is on this mission to go to Mars as fast as possible and save humanity permeates every part of the company,” Tom Moline, a former SpaceX senior avionics engineer told Reuters. “The company justifies casting aside anything that could stand in the way of accomplishing that goal, including worker safety.” Moline, among others, was fired after raising complaints about the company's unsafe workplace. Musk's effort to get to Mars, likewise, has already resulted in an increase in the pollution of the upper layers of the Earth's atmosphere. A further expansion of global rocket launches could further this pollution, worsening the effects of climate change. Starship preparing to launch as early as November 17, pending final regulatory approval → https://t.co/bJFjLCiTbK pic.twitter.com/qRKv9ugWsR— SpaceX (@SpaceX) November 11, 2023 SpaceX did not return TheStreet's request for comment. The company is set to bring in $9 billion in revenue for 2023, a number that could spike to $15 billion in 2024. Much of this revenue projection relies on a large expansion of Starlink, SpaceX's satellite internet service. The company's Nov. 17 launch date remains tentative until the safety review is officially completed. Related: Elon Musk has even bigger plans for SpaceX next year Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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SpaceX
SpaceX designs, manufactures and launches advanced rockets and spacecraft.
*Top analyst believes ESPN may have left billions on the table after a recent move*
ESPN is officially launching ESPN Bet, its first branded sportsbook, on Nov. 14. This has been in the works since it was announced in August that ESPN DIS would be teaming up with Penn Entertainment PENN to rebrand Barstool Sportsbook into ESPN Bet, a deal that would have Penn pay ESPN $1.5 billion over 10 years and includes an additional $500 million in equity warrants. During Penn's investor call in the days following the announcement, the company also announced that it is aims to have 20% of the sports betting market share by 2027 despite only having about 2% to 3% of the share as of now. This would likely mean eating from the two top players in the game — FanDuel and DraftKings — who together control over 70% of the market. Related: ESPN is jumping into sports betting this month; these states can bet Sports business expert Joe Pompliano calls the move a "Hail Mary" for Penn since they are struggling to build market share. He said the company probably "didn't have another option" considering how much it was struggling in the past, and that partnering with a major media outlet is an attempt to acquire customers for a lower acquisition cost. "Sports betting is notoriously expensive to acquire customers — it's just a really expensive market. DraftKings has actually said in the past that their average customer acquisition costs I think was somewhere between like $350 to $400," Pompliano said on his podcast, "The Joe Pomp Show," on Nov. 13. "So being able to acquire customers at a cheaper rate through media leverage can be extremely valuable." Pompliano also describes the move as a "Hail Mary" for ESPN as it tries to enter the sports betting market five years late, effectively having lost out on billions by not coming in earlier. "Don't get me wrong — A $2 billion licensing deal is good, especially in the regard that Penn is in charge of managing the business," Pompliano said. "But in the grand scheme of things when there's people out there building multibillion dollar businesses, and you are the Worldwide Leader in Sports or so you call yourself and you make billions of dollars every single year in cable fees and you're literally printing cash and subsidizing streaming services for just the fact that they sat back and watched everyone else go out and acquire millions of customers and didn't do anything themselves. They have left billions of dollars in enterprise value on the table by not owning this themselves ... I think it was a huge mistake.Related: What the ESPN Bet deal could mean to the sports media and betting industries Pompliano thinks he still could be wrong as time could change things. But while the branding advantage that ESPN offers, he isn't bullish that Penn and ESPN will hit their target. He believes that it'll be difficult because much of the market is owned by the two big players, there are still other players like Fanatics with PointsBet that has the capital to also make big moves, and the unique offerings of some smaller players like Underdog Fantasy and PrizePicks. "I don't think Penn is going to reach their goal of 20% of the US sports betting market by 2027," Pompliano said. "Penn Entertainment hasn't shown the ability to build a good enough product. A lot of the competitors are using similar technology in the back end and I think consumers have gotten smart enough to a point where you can't just throw a name brand in front of them and expect them to go sign up and enjoy it ... That's part of the reason why a FanDuel and DraftKings have built a huge head start. They've obviously been doing this for a number of years. They've spent billions and billions and billions of dollars on marketing to go out and acquire these customers. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/sports/top-analyst-suggests-espn-may-been-wrong-on-a-2-billion-bet)
ESPN is officially launching ESPN Bet, its first branded sportsbook, on Nov. 14. This has been in the works since it was announced in August that ESPN DIS would be teaming up with Penn Entertainment PENN to rebrand Barstool Sportsbook into ESPN Bet, a deal that would have Penn pay ESPN $1.5 billion over 10 years and includes an additional $500 million in equity warrants. During Penn's investor call in the days following the announcement, the company also announced that it is aims to have 20% of the sports betting market share by 2027 despite only having about 2% to 3% of the share as of now. This would likely mean eating from the two top players in the game — FanDuel and DraftKings — who together control over 70% of the market. Related: ESPN is jumping into sports betting this month; these states can bet Sports business expert Joe Pompliano calls the move a "Hail Mary" for Penn since they are struggling to build market share. He said the company probably "didn't have another option" considering how much it was struggling in the past, and that partnering with a major media outlet is an attempt to acquire customers for a lower acquisition cost. "Sports betting is notoriously expensive to acquire customers — it's just a really expensive market. DraftKings has actually said in the past that their average customer acquisition costs I think was somewhere between like $350 to $400," Pompliano said on his podcast, "The Joe Pomp Show," on Nov. 13. "So being able to acquire customers at a cheaper rate through media leverage can be extremely valuable." Pompliano also describes the move as a "Hail Mary" for ESPN as it tries to enter the sports betting market five years late, effectively having lost out on billions by not coming in earlier. "Don't get me wrong — A $2 billion licensing deal is good, especially in the regard that Penn is in charge of managing the business," Pompliano said. "But in the grand scheme of things when there's people out there building multibillion dollar businesses, and you are the Worldwide Leader in Sports or so you call yourself and you make billions of dollars every single year in cable fees and you're literally printing cash and subsidizing streaming services for just the fact that they sat back and watched everyone else go out and acquire millions of customers and didn't do anything themselves. They have left billions of dollars in enterprise value on the table by not owning this themselves ... I think it was a huge mistake.Related: What the ESPN Bet deal could mean to the sports media and betting industries Pompliano thinks he still could be wrong as time could change things. But while the branding advantage that ESPN offers, he isn't bullish that Penn and ESPN will hit their target. He believes that it'll be difficult because much of the market is owned by the two big players, there are still other players like Fanatics with PointsBet that has the capital to also make big moves, and the unique offerings of some smaller players like Underdog Fantasy and PrizePicks. "I don't think Penn is going to reach their goal of 20% of the US sports betting market by 2027," Pompliano said. "Penn Entertainment hasn't shown the ability to build a good enough product. A lot of the competitors are using similar technology in the back end and I think consumers have gotten smart enough to a point where you can't just throw a name brand in front of them and expect them to go sign up and enjoy it ... That's part of the reason why a FanDuel and DraftKings have built a huge head start. They've obviously been doing this for a number of years. They've spent billions and billions and billions of dollars on marketing to go out and acquire these customers. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/sports/top-analyst-suggests-espn-may-been-wrong-on-a-2-billion-bet)
TheStreet
Top analyst believes ESPN may have left billions on the table after a recent move
He called ESPN's new move a "Hail Mary" for the company.
Top analyst believes ESPN may have left billions on the table after a recent move
ESPN is officially launching ESPN Bet, its first branded sportsbook, on Nov. 14. This has been in the works since it was announced in August that ESPN DIS would be teaming up with Penn Entertainment PENN to rebrand Barstool Sportsbook into ESPN Bet, a deal that would have Penn pay ESPN $1.5 billion over 10 years and includes an additional $500 million in equity warrants. During Penn's investor call in the days following the announcement, the company also announced that it is aims to have 20% of the sports betting market share by 2027 despite only having about 2% to 3% of the share as of now. This would likely mean eating from the two top players in the game — FanDuel and DraftKings — who together control over 70% of the market. Related: ESPN is jumping into sports betting this month; these states can bet Sports business expert Joe Pompliano calls the move a "Hail Mary" for Penn since they are struggling to build market share. He said the company probably "didn't have another option" considering how much it was struggling in the past, and that partnering with a major media outlet is an attempt to acquire customers for a lower acquisition cost. "Sports betting is notoriously expensive to acquire customers — it's just a really expensive market. DraftKings has actually said in the past that their average customer acquisition costs I think was somewhere between like $350 to $400," Pompliano said on his podcast, "The Joe Pomp Show," on Nov. 13. "So being able to acquire customers at a cheaper rate through media leverage can be extremely valuable." Pompliano also describes the move as a "Hail Mary" for ESPN as it tries to enter the sports betting market five years late, effectively having lost out on billions by not coming in earlier. "Don't get me wrong — A $2 billion licensing deal is good, especially in the regard that Penn is in charge of managing the business," Pompliano said. "But in the grand scheme of things when there's people out there building multibillion dollar businesses, and you are the Worldwide Leader in Sports or so you call yourself and you make billions of dollars every single year in cable fees and you're literally printing cash and subsidizing streaming services for just the fact that they sat back and watched everyone else go out and acquire millions of customers and didn't do anything themselves. They have left billions of dollars in enterprise value on the table by not owning this themselves ... I think it was a huge mistake.Related: What the ESPN Bet deal could mean to the sports media and betting industries Pompliano thinks he still could be wrong as time could change things. But while the branding advantage that ESPN offers, he isn't bullish that Penn and ESPN will hit their target. He believes that it'll be difficult because much of the market is owned by the two big players, there are still other players like Fanatics with PointsBet that has the capital to also make big moves, and the unique offerings of some smaller players like Underdog Fantasy and PrizePicks. "I don't think Penn is going to reach their goal of 20% of the US sports betting market by 2027," Pompliano said. "Penn Entertainment hasn't shown the ability to build a good enough product. A lot of the competitors are using similar technology in the back end and I think consumers have gotten smart enough to a point where you can't just throw a name brand in front of them and expect them to go sign up and enjoy it ... That's part of the reason why a FanDuel and DraftKings have built a huge head start. They've obviously been doing this for a number of years. They've spent billions and billions and billions of dollars on marketing to go out and acquire these customers. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
ESPN is officially launching ESPN Bet, its first branded sportsbook, on Nov. 14. This has been in the works since it was announced in August that ESPN DIS would be teaming up with Penn Entertainment PENN to rebrand Barstool Sportsbook into ESPN Bet, a deal that would have Penn pay ESPN $1.5 billion over 10 years and includes an additional $500 million in equity warrants. During Penn's investor call in the days following the announcement, the company also announced that it is aims to have 20% of the sports betting market share by 2027 despite only having about 2% to 3% of the share as of now. This would likely mean eating from the two top players in the game — FanDuel and DraftKings — who together control over 70% of the market. Related: ESPN is jumping into sports betting this month; these states can bet Sports business expert Joe Pompliano calls the move a "Hail Mary" for Penn since they are struggling to build market share. He said the company probably "didn't have another option" considering how much it was struggling in the past, and that partnering with a major media outlet is an attempt to acquire customers for a lower acquisition cost. "Sports betting is notoriously expensive to acquire customers — it's just a really expensive market. DraftKings has actually said in the past that their average customer acquisition costs I think was somewhere between like $350 to $400," Pompliano said on his podcast, "The Joe Pomp Show," on Nov. 13. "So being able to acquire customers at a cheaper rate through media leverage can be extremely valuable." Pompliano also describes the move as a "Hail Mary" for ESPN as it tries to enter the sports betting market five years late, effectively having lost out on billions by not coming in earlier. "Don't get me wrong — A $2 billion licensing deal is good, especially in the regard that Penn is in charge of managing the business," Pompliano said. "But in the grand scheme of things when there's people out there building multibillion dollar businesses, and you are the Worldwide Leader in Sports or so you call yourself and you make billions of dollars every single year in cable fees and you're literally printing cash and subsidizing streaming services for just the fact that they sat back and watched everyone else go out and acquire millions of customers and didn't do anything themselves. They have left billions of dollars in enterprise value on the table by not owning this themselves ... I think it was a huge mistake.Related: What the ESPN Bet deal could mean to the sports media and betting industries Pompliano thinks he still could be wrong as time could change things. But while the branding advantage that ESPN offers, he isn't bullish that Penn and ESPN will hit their target. He believes that it'll be difficult because much of the market is owned by the two big players, there are still other players like Fanatics with PointsBet that has the capital to also make big moves, and the unique offerings of some smaller players like Underdog Fantasy and PrizePicks. "I don't think Penn is going to reach their goal of 20% of the US sports betting market by 2027," Pompliano said. "Penn Entertainment hasn't shown the ability to build a good enough product. A lot of the competitors are using similar technology in the back end and I think consumers have gotten smart enough to a point where you can't just throw a name brand in front of them and expect them to go sign up and enjoy it ... That's part of the reason why a FanDuel and DraftKings have built a huge head start. They've obviously been doing this for a number of years. They've spent billions and billions and billions of dollars on marketing to go out and acquire these customers. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
Top analyst believes ESPN may have left billions on the table after a recent move
He called ESPN's new move a "Hail Mary" for the company.
*Форменная одежда ВКС*
1 августа 2015 года был создан новый род войск, который получил название воздушно-космические силы, для этого были объединены военно-воздушные силы и войска...via forma full 5 https://ift.tt/wqe2sLK Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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1 августа 2015 года был создан новый род войск, который получил название воздушно-космические силы, для этого были объединены военно-воздушные силы и войска...via forma full 5 https://ift.tt/wqe2sLK Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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Forma-Odezhda
Форменная одежда ВКС
Узнайте о Форменная одежда ВКС в энциклопедии магазина Форма одежды.
Форменная одежда ВКС
1 августа 2015 года был создан новый род войск, который получил название воздушно-космические силы, для этого были объединены военно-воздушные силы и войска...via forma full 5 https://ift.tt/wqe2sLK Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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1 августа 2015 года был создан новый род войск, который получил название воздушно-космические силы, для этого были объединены военно-воздушные силы и войска...via forma full 5 https://ift.tt/wqe2sLK Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
Forma-Odezhda
Форменная одежда ВКС
Узнайте о Форменная одежда ВКС в энциклопедии магазина Форма одежды.
*Apple may be planning an unprecedented update for this key product*
Apple AAPL has had a big 2023 — and it's not done yet. Its latest lineup of iPhones, specifically the larger and more expensive 15 Pro, is delighting customers worldwide with their high-powered cameras, rethought design and new A17 chips. Related: Apple releases urgent iPhone update for popular and vital feature It also released a new lineup of watches. The Series 9 and Ultra 2 were both released alongside its newest iPhones, immediately flying off shelves and pored over on forums by fitness junkies and Apple fanatics alike. And the financials are bearing out well for Apple, too. "IPhone revenue came in ahead of our expectations, setting a September-quarter record, as well as quarterly records in many markets," Chief Executive Tim Cook said in the November fiscal-Q4-earnings call. "Across wearables, home and accessories, revenue came in at $9.3 billion. Apple Watch has become essential in our lives and this is our best Apple Watch lineup ever," he added. But another accessory has been desperately awaiting some long-anticipated change — and it might be on the way. Apple may update beloved tech soon While Apple continues to iterate and update its iPhones, watches and other accessories, one key product has been sitting pretty and waiting for an upgrade: the iPad. Apple's tablet has been struggling with sales recently. In fiscal Q4 2023 Apple sold $6.44 billion of iPads, down from $7.17 billion during the year-earlier period. Expectations for the quarter were around $8.63 billion. One reason for the diminished sales and excitement may be that Apple hasn't released a new iPad yet. In December 2022, Apple released a brand new iPad Pro, which helped boost sales. But Chief Financial Officer Luca Maestri told investors he expected iPad sales this year to "decelerate significantly." Recently released iPad Pros are seen at the Fifth Avenue Apple store on May 21, 2021, in New York City. Michael M. Santiago/Getty Images Unless, of course, Apple were to update its iPads, giving it another shot at a rebound around the holidays. And according to new reports, that may be exactly what Apple is planning to do. Apple analyst Ming-Chi Kuo expects Apple to aggressively upgrade its iPad models, probably not before Christmas but definitely in Apple's fiscal 2024. Here's what he foresees, generally: Update all iPad Air modelsUpdate iPad MiniIntroduce a new, larger 12.9-inch size iPad AirUpgrade iPad Pro with OLED displaysDiscontinue oldest iPad (9th generation) As far as a timeline, Ming-Chi Kuo expects the iPad Air updates to come first, possibly as early as Q1 2024. The Pros will then be updated sometime later in 2024, and the Minis will be updated last. The biggest refreshes will probably involve the most expensive and capable iPads, the iPad Pro. Here's what Ming-Chi Kuo says an upgrade could involve: New OLED screens for richer display and better batteryNewest M3 chipRedesigned chassis Thanks to these planned upgrades, analysts expect Apple's iPad successes could come back with a vengeance, as pent-up demand for a refreshed tablet could be priming the market. Excitement for iPads peaked following the pandemic, when Apple shipped a total of 63 million in fiscal 2022. Estimates for this year are around 50 million. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/technology/apple-may-be-planning-an-unprecedented-update-for-this-key-product)
Apple AAPL has had a big 2023 — and it's not done yet. Its latest lineup of iPhones, specifically the larger and more expensive 15 Pro, is delighting customers worldwide with their high-powered cameras, rethought design and new A17 chips. Related: Apple releases urgent iPhone update for popular and vital feature It also released a new lineup of watches. The Series 9 and Ultra 2 were both released alongside its newest iPhones, immediately flying off shelves and pored over on forums by fitness junkies and Apple fanatics alike. And the financials are bearing out well for Apple, too. "IPhone revenue came in ahead of our expectations, setting a September-quarter record, as well as quarterly records in many markets," Chief Executive Tim Cook said in the November fiscal-Q4-earnings call. "Across wearables, home and accessories, revenue came in at $9.3 billion. Apple Watch has become essential in our lives and this is our best Apple Watch lineup ever," he added. But another accessory has been desperately awaiting some long-anticipated change — and it might be on the way. Apple may update beloved tech soon While Apple continues to iterate and update its iPhones, watches and other accessories, one key product has been sitting pretty and waiting for an upgrade: the iPad. Apple's tablet has been struggling with sales recently. In fiscal Q4 2023 Apple sold $6.44 billion of iPads, down from $7.17 billion during the year-earlier period. Expectations for the quarter were around $8.63 billion. One reason for the diminished sales and excitement may be that Apple hasn't released a new iPad yet. In December 2022, Apple released a brand new iPad Pro, which helped boost sales. But Chief Financial Officer Luca Maestri told investors he expected iPad sales this year to "decelerate significantly." Recently released iPad Pros are seen at the Fifth Avenue Apple store on May 21, 2021, in New York City. Michael M. Santiago/Getty Images Unless, of course, Apple were to update its iPads, giving it another shot at a rebound around the holidays. And according to new reports, that may be exactly what Apple is planning to do. Apple analyst Ming-Chi Kuo expects Apple to aggressively upgrade its iPad models, probably not before Christmas but definitely in Apple's fiscal 2024. Here's what he foresees, generally: Update all iPad Air modelsUpdate iPad MiniIntroduce a new, larger 12.9-inch size iPad AirUpgrade iPad Pro with OLED displaysDiscontinue oldest iPad (9th generation) As far as a timeline, Ming-Chi Kuo expects the iPad Air updates to come first, possibly as early as Q1 2024. The Pros will then be updated sometime later in 2024, and the Minis will be updated last. The biggest refreshes will probably involve the most expensive and capable iPads, the iPad Pro. Here's what Ming-Chi Kuo says an upgrade could involve: New OLED screens for richer display and better batteryNewest M3 chipRedesigned chassis Thanks to these planned upgrades, analysts expect Apple's iPad successes could come back with a vengeance, as pent-up demand for a refreshed tablet could be priming the market. Excitement for iPads peaked following the pandemic, when Apple shipped a total of 63 million in fiscal 2022. Estimates for this year are around 50 million. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/technology/apple-may-be-planning-an-unprecedented-update-for-this-key-product)
TheStreet
Apple may be planning an unprecedented update for this key product
The tech giant may have big plans in the works for one of its most popular categories.
Apple may be planning an unprecedented update for this key product
Apple AAPL has had a big 2023 — and it's not done yet. Its latest lineup of iPhones, specifically the larger and more expensive 15 Pro, is delighting customers worldwide with their high-powered cameras, rethought design and new A17 chips. Related: Apple releases urgent iPhone update for popular and vital feature It also released a new lineup of watches. The Series 9 and Ultra 2 were both released alongside its newest iPhones, immediately flying off shelves and pored over on forums by fitness junkies and Apple fanatics alike. And the financials are bearing out well for Apple, too. "IPhone revenue came in ahead of our expectations, setting a September-quarter record, as well as quarterly records in many markets," Chief Executive Tim Cook said in the November fiscal-Q4-earnings call. "Across wearables, home and accessories, revenue came in at $9.3 billion. Apple Watch has become essential in our lives and this is our best Apple Watch lineup ever," he added. But another accessory has been desperately awaiting some long-anticipated change — and it might be on the way. Apple may update beloved tech soon While Apple continues to iterate and update its iPhones, watches and other accessories, one key product has been sitting pretty and waiting for an upgrade: the iPad. Apple's tablet has been struggling with sales recently. In fiscal Q4 2023 Apple sold $6.44 billion of iPads, down from $7.17 billion during the year-earlier period. Expectations for the quarter were around $8.63 billion. One reason for the diminished sales and excitement may be that Apple hasn't released a new iPad yet. In December 2022, Apple released a brand new iPad Pro, which helped boost sales. But Chief Financial Officer Luca Maestri told investors he expected iPad sales this year to "decelerate significantly." Recently released iPad Pros are seen at the Fifth Avenue Apple store on May 21, 2021, in New York City. Michael M. Santiago/Getty Images Unless, of course, Apple were to update its iPads, giving it another shot at a rebound around the holidays. And according to new reports, that may be exactly what Apple is planning to do. Apple analyst Ming-Chi Kuo expects Apple to aggressively upgrade its iPad models, probably not before Christmas but definitely in Apple's fiscal 2024. Here's what he foresees, generally: Update all iPad Air modelsUpdate iPad MiniIntroduce a new, larger 12.9-inch size iPad AirUpgrade iPad Pro with OLED displaysDiscontinue oldest iPad (9th generation) As far as a timeline, Ming-Chi Kuo expects the iPad Air updates to come first, possibly as early as Q1 2024. The Pros will then be updated sometime later in 2024, and the Minis will be updated last. The biggest refreshes will probably involve the most expensive and capable iPads, the iPad Pro. Here's what Ming-Chi Kuo says an upgrade could involve: New OLED screens for richer display and better batteryNewest M3 chipRedesigned chassis Thanks to these planned upgrades, analysts expect Apple's iPad successes could come back with a vengeance, as pent-up demand for a refreshed tablet could be priming the market. Excitement for iPads peaked following the pandemic, when Apple shipped a total of 63 million in fiscal 2022. Estimates for this year are around 50 million. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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Apple AAPL has had a big 2023 — and it's not done yet. Its latest lineup of iPhones, specifically the larger and more expensive 15 Pro, is delighting customers worldwide with their high-powered cameras, rethought design and new A17 chips. Related: Apple releases urgent iPhone update for popular and vital feature It also released a new lineup of watches. The Series 9 and Ultra 2 were both released alongside its newest iPhones, immediately flying off shelves and pored over on forums by fitness junkies and Apple fanatics alike. And the financials are bearing out well for Apple, too. "IPhone revenue came in ahead of our expectations, setting a September-quarter record, as well as quarterly records in many markets," Chief Executive Tim Cook said in the November fiscal-Q4-earnings call. "Across wearables, home and accessories, revenue came in at $9.3 billion. Apple Watch has become essential in our lives and this is our best Apple Watch lineup ever," he added. But another accessory has been desperately awaiting some long-anticipated change — and it might be on the way. Apple may update beloved tech soon While Apple continues to iterate and update its iPhones, watches and other accessories, one key product has been sitting pretty and waiting for an upgrade: the iPad. Apple's tablet has been struggling with sales recently. In fiscal Q4 2023 Apple sold $6.44 billion of iPads, down from $7.17 billion during the year-earlier period. Expectations for the quarter were around $8.63 billion. One reason for the diminished sales and excitement may be that Apple hasn't released a new iPad yet. In December 2022, Apple released a brand new iPad Pro, which helped boost sales. But Chief Financial Officer Luca Maestri told investors he expected iPad sales this year to "decelerate significantly." Recently released iPad Pros are seen at the Fifth Avenue Apple store on May 21, 2021, in New York City. Michael M. Santiago/Getty Images Unless, of course, Apple were to update its iPads, giving it another shot at a rebound around the holidays. And according to new reports, that may be exactly what Apple is planning to do. Apple analyst Ming-Chi Kuo expects Apple to aggressively upgrade its iPad models, probably not before Christmas but definitely in Apple's fiscal 2024. Here's what he foresees, generally: Update all iPad Air modelsUpdate iPad MiniIntroduce a new, larger 12.9-inch size iPad AirUpgrade iPad Pro with OLED displaysDiscontinue oldest iPad (9th generation) As far as a timeline, Ming-Chi Kuo expects the iPad Air updates to come first, possibly as early as Q1 2024. The Pros will then be updated sometime later in 2024, and the Minis will be updated last. The biggest refreshes will probably involve the most expensive and capable iPads, the iPad Pro. Here's what Ming-Chi Kuo says an upgrade could involve: New OLED screens for richer display and better batteryNewest M3 chipRedesigned chassis Thanks to these planned upgrades, analysts expect Apple's iPad successes could come back with a vengeance, as pent-up demand for a refreshed tablet could be priming the market. Excitement for iPads peaked following the pandemic, when Apple shipped a total of 63 million in fiscal 2022. Estimates for this year are around 50 million. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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TheStreet
Apple may be planning an unprecedented update for this key product
The tech giant may have big plans in the works for one of its most popular categories.