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Apple's Thinner iPhone Plan 📱

And, Bitcoin's new $106K all-time high.

December 16, 2024

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Today is Monday, December 16, 2024.

The Early Bird Index today is 84.62

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Apple's Thinner iPhone Plan 📱

Amid a slump in iPhone sales, Apple (Nasdaq: AAPL) is reportedly planning a major redesign for its most popular device.

Details: The Wall Street Journal reported Sunday that Apple plans to introduce an iPhone in 2025 that will be thinner and cheaper than its current Pro models.

Also: Bloomberg also reported Sunday that Apple wants to release a foldable 18.8-inch creaseless iPad by about 2028.

Background: These reports come as sales for the iPhone have fallen in recent years. The iPhone accounts for about half of Apple’s overall revenue.

Early Bird’s Nest Egg Gains: Apple's iPhones are too high quality and last too long, leading to slower upgrade cycles.

  • At the same time, the pace of new features in iPhones has slowed, making upgrades less appealing.

  • iPhone sales are down in China as the company faces increased competition.

Final Thoughts: Despite disappointing iPhone sales, Apple’s stock is up 33.66% this year. Imagine how well the stock would have performed if iPhone sales had been better.

Add a piece of the energy sector to your portfolio.

  • Access to 300 million barrels of recoverable oil reserves

  • Royalty-based investment model reducing operational risks

  • Projected 25+ years of potential royalty income

Notables

Notable Earnings Today: Compass Minerals (NYSE: CMP), Mitek Systems (Nasdaq: MITK), Momma’s Creations (Nasdaq: MAMA), Quipt Home Medical (Nasdaq: QIPT), RCI Hospitality Holdings (Nasdaq: RICK), Red Cat Holdings (Nasdaq: RCAT).

Notable IPOs Today: AleAnna, Inc. Class A Common Stock (Nasdaq: ANNA), Oaktree Acquisition Corp. III Life Sciences Class A Ordinary Share (Nasdaq: OACC), Bold Eagle Acquisition Corp. Class A Ordinary Shares (Nasdaq: BEAG).

Notable Equity Crowdfunding Campaigns Ending Today: Infanttech (StartEngine), Tacomotora (Honeycomb), Geoship (Wefunder), Buffalo Iron Works (Honeycomb), Bear and the Honey Bakery and Coffee Bar (Honeycomb), Dance Happy (Honeycomb), Optiphase Drive Systems (StartEngine), The Bloom & Rose (Honeycomb).

Notable Economic Events Today: NY Empire State Manufacturing Index (8:30 a.m. ET), S&P Global US Manufacturing PMI (9:45 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET).

Bitcoin's New $106K All-Time High

The price of Bitcoin jumped about 3% on Sunday to hit $106,000, which is the new all-time high price for the popular digital currency.

Details: Bitcoin’s price grew over the weekend because reports hinted that President Trump may use Bitcoin as a U.S. reserve asset from “day one.”

Plus: Whales, individuals who own a lot of cryptocurrencies, bought more Bitcoin recently. This also boosted the price.

Final Thoughts: Bitcoin is up 140% in 2024. Can this rally continue in 2025?

Marathon Reaches Deal With Union

Teamsters members at a Detriot refinery for Marathon Petroleum (NYSE: MPC) voted on Sunday to ratify a seven-year collective bargaining agreement. 

Final Thoughts: Marathon Petroleum’s stock is down 4.46% this year.

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.