Morgan Stanley predicts Apple will raise its iPhone price for the first time in seven years

When Apple unveils its latest phone next week, the iPhone 17, analysts at Morgan Stanley Research expect new models to cost about $100 more. That won’t include like-for-like price hikes, but rather they expect the iPhone 17 Air to cost about $100 more than the iPhone 16 Plus and for Apple to eliminate some lower-storage options, effectively raising starting prices. Such a small boost, the analysts say, won’t hurt demand but will juice Apple’s revenue. They wrote:

“Importantly, we don’t see these pricing changes as likely to drive elastic iPhone 17 demand — the price hikes are modest in nature and when amortized over 2-3 years, shouldn’t serve as a material headwind to iPhone demand, and therefore we see pricing as an under-appreciated upside driver to Consensus FY26 expectations.”

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Meta posts record revenue but misses on earnings

The company reported earnings Wednesday.

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It turns out Tesla’s Cybercab might need to have a steering wheel and pedals after all

Tesla’s Cybercab was supposed to be a steering-wheel-less alternative to its affordable mass market car.

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Intel romps amid reported attempt to poach a 21-year Taiwan Semiconductor veteran

A report in the Taiwanese press that Intel is attempting to recruit a recently retired top Taiwan Semiconductor executive, Wei-Jen Lo, to lead R&D at Intel’s troubled foundry division may account for the bump in Intel shares Tuesday, one analyst told us.

A synopsis of the report from technology analysis and news outlet TrendForce News notes:

“If confirmed, the move could have significant implications for TSMC and the broader Taiwanese semiconductor industry, especially as Intel aggressively expands its foundry business with support from Washington and backing from tech giants like NVIDIA and SoftBank, the report adds.”

But some skepticism about Lo, 75 years old, returning to Intel, where he worked before joining TSMC in 2004, is also warranted, TrendForce says:

“Industry insiders cited by the report say it is unlikely he would join Intel again, given TSMC’s non-compete rules, Intel’s status as a direct competitor, Lo’s advanced age, health considerations, and his long-standing loyalty to TSMC founder Morris Chang. On the other hand, some industry observers warn that Lo, a U.S. citizen, would be difficult for TSMC to restrict, even with non-compete clauses.”

Intel shares have doubled over the last three months, since the US government took a 10% stake in the company in August. Intel is the best-performing stock in the S&P 500 over that period.

Intel Reportedly Eyes Retired TSMC Veteran Wei-Jen Lo, Advanced Node Pioneer, to Lead R&D

“If confirmed, the move could have significant implications for TSMC and the broader Taiwanese semiconductor industry, especially as Intel aggressively expands its foundry business with support from Washington and backing from tech giants like NVIDIA and SoftBank, the report adds.”

But some skepticism about Lo, 75 years old, returning to Intel, where he worked before joining TSMC in 2004, is also warranted, TrendForce says:

“Industry insiders cited by the report say it is unlikely he would join Intel again, given TSMC’s non-compete rules, Intel’s status as a direct competitor, Lo’s advanced age, health considerations, and his long-standing loyalty to TSMC founder Morris Chang. On the other hand, some industry observers warn that Lo, a U.S. citizen, would be difficult for TSMC to restrict, even with non-compete clauses.”

Intel shares have doubled over the last three months, since the US government took a 10% stake in the company in August. Intel is the best-performing stock in the S&P 500 over that period.

Rani Molla

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