Latest news for JNBY Design (OTC:JNBYF) Stock

JNBY Design Ltd is a designer brand fashion house based in China. The company designs, promote, and sells contemporary apparel, footwear, and accessories for women, men, children, and teenagers as well as household products. Its brand portfolio comprises of JNBY, CROQUIS, jnby by JNBY, less, POMME DE TERRE, and JNBYHOME. The company operates in three segments: Mature Brand, Younger brands, and Emerging brands. Geographically, it generates the majority of the revenue from Mainland China and also from Mature Brand segment.

News

Movers & Shakers

Intraday Update

Markets

Movers

Trading Ideas

General

AACAY

AFFINITY BEVERAGE GROUP by Affinity Beverage Group, Inc.

ABVG

ACRGF

ACTG

ADAP

AIHS

AMCX

AMHD

AMRX

AOBC

APELY

ATVK

ATXDY

BIREF

BUDZ

BVTK

CEQXF

CGLDF

CHMI

COMM

CRXPF

CXXIF

DLTH

ECIFF

EMMA

ERIC

FARM

FUTURE FARM TECHNOLOGIES by Future Farm Technologies Inc.

FFRMF

FLXS

FNJN

FQVLF

FRAC

FTMR

FTSI

GBLEF

GGAL

GPOR

HEGIY

HEGLF

HGSH

HYAC

JETMF

JMHLY

LAIX

LDSYF

LFUGF

LFUGY

LOVE

LTRPA

LVGO

MMDM

MMLP

MODVF

NBLX

NDLS

NGPHF

NINE

NOSUF

OISHY

OVATF

PGHEF

PNBK

POLA

POTN

PXPP

RAIL

RRRLF

RSNHF

SAEX

SALM

SCSC

SEMG

SFDPF

SMHI

SPGYF

SSTI

STTH

SVVC

Stocks That Hit 52-Week Lows On Tuesday

AAWW

ABBV

ABMD

ACGBF

ADMP

AERI

AGTK

AIBGY

ALKM

ALNA

ALSWF

AMAG

ANGI

APGMF

APNHY

APOP

ARCH

ARLO

ARLP

ARREF

ASRT

Alterity Therapeutics Limited - American Depositary Shares

ATHE

ATHOF

ATRA

AVNS

AWLCF

AXGN

AXVEF

AZRX

AZZUF

BAFYY

BBCP

BBVA

BBVXF

BCDA

BCEFF

BCEL

BCYC

BDVSY

BEDU

BFIN

BHKLY

BICEF

BIDU

BIOAF

BJRI

BKKLY

BKRIF

BKRIY

BLCM

BLMN

BLRX

BNDSF

BNEFF

BPAQF

BPFH

BRKMY

BRTX

BrightSphere Investment Group plc Ordinary Shares

BSIG

BTHE

BWFG

BXEFF

BZLFY

CADE

CAIXY

CAKE

CALX

CARB

CARCY

CARG

CARS

Stocks That Fell Through 52-Week Lows Wednesday

JNBY Design Ltd

In a strategic pivot, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is redirecting its Prime Video efforts towards live sports content, a move aimed at achieving profitability by the end of 2025.
What Happened: Amazon.com is pivoting its Prime Video strategy towards live sports, moving away from original TV shows and movies, according <a href="https://www.theinformation.com/articles/amazons-prime-video-shifts-to-profits-promoting-rival-streamers">to</a> a report by The Information. This strategic shift is aimed at meeting internal profit targets by the end of 2025.
According to the report, Amazon is investing approximately $3 billion annually in sports content, including broadcasting rights for major leagues like the NBA and NFL. This move is part of CEO Andy Jassy&#8217;s plan to make Prime Video profitable.
The focus on live sports is driven by the potential for targeted advertising opportunities during real-time viewership.
In July, Amazon, alongside Walt Disney Co. and Comcast Corp., secured an 11-year deal valued at $77 billion to broadcast NBA games. The company has also started integrating ads within its Prime Video platform to enhance revenue streams.
The report highlights that after a 2022 planning meeting, Amazon&#8217;s entertainment team has reduced the commissioning of new film and TV projects. For 2024, the company&#8217;s budget for original and licensed content, including live sports was around $7 billion.
Why It Matters: This shift towards live sports is part of Amazon&#8217;s broader strategy to capitalize on the lucrative sports market. In August 2024, <a href="https://www.benzinga.com/general/entertainment/24/08/40578594/travis-kelce-jason-kelce-sign-100m-podcast-deal-with-amazon-ecommerce-giant-bets-big-on-nfl">Amazon</a> signed a $100 million deal with the Kelce brothers for their popular sports podcast, further embedding itself in the NFL ecosystem.
This aligns with CEO Andy Jassy&#8217;s vision to keep advertising minimal compared to competitors like Netflix and YouTube, as noted in an <a href="https://www.benzinga.com/general/entertainment/24/08/40127469/amazon-ceo-says-while-ads-have-become-a-norm-prime-video-intends-to-have-meaningfully-fewer">August statement</a>.
Additionally, Amazon&#8217;s introduction of an ad-supported version of Prime Video has disrupted the streaming ad market, compelling rivals like Netflix to adjust their ad pricing strategies, as reported in <a href="https://www.benzinga.com/general/entertainment/24/06/39330119/how-amazon-prime-videos-ad-supported-version-reportedly-disrupted-netflix-youtube-and-tv-ne">June 2024</a>. This strategic focus on live sports and innovative advertising models is part of Amazon&#8217;s efforts to enhance its competitive edge and profitability in the streaming industry.
Check out more of Benzinga's Consumer Tech coverage by<a href="https://www.benzinga.com/topic/consumer-tech"> following this link</a>.
Read Next:
<a href="https://www.benzinga.com/25/01/43215356/metas-threads-to-introduce-ads-in-us-japan-as-it-looks-to-monetize-rival-of-elon-musks-x">Meta&#8217;s Threads To Introduce Ads In US, Japan As It Looks To Monetize Rival Of Elon Musk&#8217;s X</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tech

AMZN

Amazon Prime Video Shifts Focus To Live Sports, Looks To Become Profitable By End Of 2025

In a significant move, Epic Games is expanding its mobile game store to include nearly 20 third-party games on Android worldwide and iOS within the European Union.
This expansion is accompanied by the launch of a free games program on mobile platforms.
What Happened: To incentivize developers to participate in its free games program on iOS, Epic will cover the Core Technology Fee (CTF) for one year, according to a report <a href="https://www.theverge.com/2025/1/23/24349542/epic-games-third-party-developers-apple-google-europe">by</a> The Verge. This fee, amounting to €0.50 per install, applies to iOS apps using third-party stores after exceeding 1 million annual downloads.
Epic has criticized the CTF as a hindrance to competition.
Tim Sweeney, CEO of Epic Games, emphasized the company&#8217;s ambition to establish a unified, cross-platform store. He stated, "Our aim here isn't just to launch a bunch of different stores in different places, but to build a single, cross-platform store."
The iOS Epic Games Store is currently operational only in the EU, facilitated by the Digital Markets Act (DMA), which requires Apple Inc. to open its ecosystem. Epic is hopeful that the European Commission will scrutinize Apple&#8217;s adherence to the DMA.
Epic has encountered obstacles in the U.S., including a prominent lawsuit against Apple in 2020. Sweeney remains hopeful about achieving app store freedom, particularly in Europe, through strong enforcement of the DMA.
Why It Matters: The expansion of Epic&#8217;s mobile store comes amid a prolonged legal battle with tech giants Apple and Alphabet. <a href="https://www.benzinga.com/media/25/01/43183396/epic-games-ceo-tim-sweeney-prepared-to-spend-billions-for-decades-fighting-apple-google-monopolies-we-think-our-best-days-are-ahead">Tim Sweeney</a> has expressed his readiness to continue this fight for decades if necessary, highlighting the company&#8217;s commitment to challenging what it perceives as monopolistic practices.
In October 2024, a federal judge granted Google temporary relief in an antitrust lawsuit filed by Epic, allowing the Play Store to remain closed to competitors for the time being. This legal struggle underscores the ongoing tension between Epic and major tech companies over app store restrictions.
Epic&#8217;s financial stability was reaffirmed by Sweeney in October 2024, following significant layoffs and strategic divestitures. Despite these challenges, Epic continues to push for a more open and competitive app store environment, particularly in Europe, where the DMA provides a legal framework for such efforts.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43215356/metas-threads-to-introduce-ads-in-us-japan-as-it-looks-to-monetize-rival-of-elon-musks-x">Meta&#8217;s Threads To Introduce Ads In US, Japan As It Looks To Monetize Rival Of Elon Musk&#8217;s X</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Epic Games Expands Mobile Store, Launches Free Games Program: To Cover iOS Developer Fees

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has had a <a href="https://www.benzinga.com/markets/equities/25/01/43150661/apples-510-billion-market-cap-drop-opens-door-for-nvidia-to-reclaim-worlds-largest-company-title-amid-iphone-makers-china-struggles">turbulent beginning to 2025,</a> with its shares approaching a significant level that could signal further losses if breached, according to analysts. 
What Happened: Since the start of the year, the tech behemoth&#8217;s stock has plummeted by 11%, making it the weakest&nbsp;performer in the &#8216;Magnificent 7&#8217;&nbsp;group. This downturn is in stark contrast to the S&amp;P 500, which has seen a 4% gain, reaching a new record high.
Apple is experiencing its most challenging beginning of the year since 2008. The stock&#8217;s drop has brought it near the 200-day moving average, a critical technical indicator seen by many traders as a long-term support level.
&#8220;When&nbsp;you get names starting to&nbsp;flirt with it or start&nbsp;to break below it, you&nbsp;kind of lose confidence that&nbsp;the uptrend of that name&nbsp;is still intact,&#8221; Todd Sohn, an ETF&nbsp;and technical strategist at Strategas&nbsp;Securities LLC, <a href="https://www.bloomberg.com/news/articles/2025-01-24/apple-aapl-shares-test-key-technical-level-amid-worst-start-since-2008">told</a> Bloomberg.
See Also: <a href="https://www.benzinga.com/tech/25/01/43214225/apple-co-founder-steve-jobs-in-1981-said-homes-werent-ready-for-personal-computers-three-years-later-cupertino-launched-the-macintosh-and-made-history">Apple Co-Founder Steve Jobs In 1981 Said Homes Weren&#8217;t Ready For Personal Computers — Three Years Later, Cupertino Launched The Macintosh And Made History</a>
Why It Matters: Apple&#8217;s position is now precarious. Until recently, it was the world's most valuable company and had the largest weighting in the S&amp;P 500 Index. However, amid its decline, <a href="https://www.benzinga.com/markets/equities/24/10/41551461/nvidia-overtakes-apple-as-worlds-most-valuable-company-again">Nvidia has now overtaken Apple</a> in market value.
Despite Apple&#8217;s selloff, the S&amp;P 500 has continued to rally. However, if other major tech stocks start to decline, it could signal trouble for the bull market, now in its third year. "It definitely has the potential to create some more risk for those major indices. If we see that downside follow-through that we're anticipating, that makes it more challenging, of course, for those indices to shrug it off," said Katie Stockton, managing partner and founder of Fairlead Strategies LLC
Apple is scheduled to release its quarterly earnings on January 30, after market close, an event that investors are closely watching.&nbsp;Despite the stock&#8217;s current performance, analysts remain optimistic about Apple&#8217;s future.&nbsp;Laura Martin, an analyst at Needham, believes that Apple&#8217;s&nbsp;<a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/43110913/apples-iphone-dependence-remains-but-services-wearables-offer-growth-potential-analyst">dependence on the iPhone</a>&nbsp;remains, but services and wearables offer growth potential. Additionally,&nbsp;Wamsi Mohan&nbsp;of Bank of America Securities predicts that Apple&#8217;s&nbsp;<a href="https://www.benzinga.com/25/01/43198886/apples-q1-earnings-might-not-miss-a-beat-even-as-iphone-sales-stumble-analyst">Q1 earnings</a>&nbsp;might not miss a beat, despite a softer iPhone cycle.
Earlier this week, President Donald Trump announced that Apple was planning a <a href="https://www.benzinga.com/markets/equities/25/01/43079785/trump-announces-apple-plans-massive-investment-in-the-us-following-discussion-with-ceo-tim-cook">&#8220;massive investment&#8221;</a> in the United States. This was part of Trump&#8217;s initiative to accelerate major corporate investments in the U.S.
Price Action: Apple shares ended 0.39% lower on Friday. Year-to-date the company&#8217;s shares lost 8.64%, as <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">reported by Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40591422/steve-jobs-once-said-he-was-a-millionaire-at-23-worth-10m-by-24-and-had-100m-by-25-this-shaped-his-d" target="_blank" rel="noreferrer noopener">Steve Jobs Once Said He Was A Millionaire At 23, Worth $10M By 24, And Had $100M by 25 — This Shaped His Decision To Stay On A $1 Salary Throughout His Time At Apple</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Equities

AAPL

Apple Stock Nears Critical Level Amid Worst Start To The Year Since 2008: 'When You Get Names Starting To Flirt With It...You Kind Of Lose Confidence'

In what has emerged as the largest healthcare data breach in the U.S., the UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) cyberattack last year compromised the personal data of 190 million Americans.
The <a href="https://www.benzinga.com/news/large-cap/24/02/37284799/whats-going-on-with-uanitedhealth-stock-friday">breach</a>, which occurred in February 2024, caused widespread disruption in the U.S. healthcare system and <a href="https://www.benzinga.com/news/large-cap/24/04/38388554/patient-data-compromised-unitedhealth-group-admits-ransom-payment-in-cyberattack">delayed</a> billions of dollars in payments to medical providers.
What Happened: The largest health insurer in the U.S. stated that there is no evidence of misuse of the exposed data or unauthorized access to electronic medical records.
UnitedHealth has informed most affected individuals about the breach. The final impact figures will be submitted to the U.S. Department of Health and Human Services' Office for Civil Rights.
The incident has sparked a Congressional inquiry, raising concerns about the risks of concentrating medical data within UnitedHealth.
Why It Matters: The cyberattack on UnitedHealth has had far-reaching consequences. In March 2024, the company<a href="https://www.benzinga.com/news/large-cap/24/03/37989390/unitedhealths-cyberattack-company-provides-aid-of-over-3b-to-affected-providers"> disclosed</a> that it had provided over $3.3 billion in advance payments to healthcare providers affected by the attack on its subsidiary, Change Healthcare.
This platform processes about 50% of U.S. medical claims, impacting nearly 900,000 physicians and numerous healthcare facilities. More than 40% of the aid was directed to safety net hospitals and health centers serving high-risk communities.
In April 2024, UnitedHealth <a href="https://www.benzinga.com/news/large-cap/24/04/38388554/patient-data-compromised-unitedhealth-group-admits-ransom-payment-in-cyberattack">admitted</a> to paying a ransom to cybercriminals following the attack, highlighting the severity of the breach. The company has been working with law enforcement and cybersecurity experts to investigate the incident.
In May 2024, UnitedHealth CEO Andrew Witty <a href="https://www.benzinga.com/government/24/05/38563578/us-senate-grills-unitedhealth-ceo-over-cyberattack-fallout-ransom-payment">assured</a> a U.S. Senate panel that the company&#8217;s issues did not pose a systemic risk to the broader economy. Senators had raised concerns about the potential impact of the cyberattack on patients and healthcare providers.
In December 2024, the Nebraska Attorney General <a href="https://www.benzinga.com/general/health-care/24/12/42621731/nebraska-attorney-general-sues-unitedhealth-over-massive-data-breach-that-disrupted-healthcare">filed</a> a lawsuit against UnitedHealth and its subsidiaries, alleging violations of consumer protection laws following the breach, which affected 575,000 Nebraskans.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/43215010/michigans-auto-industry-remains-optimistic-despite-trump-revoking-bidens-ev-mandate-the-investments-arent-ill-spent">Michigan&#8217;s Auto Industry Remains Optimistic Despite Trump Revoking Biden&#8217;s EV Mandate: &#8216;The Investments Aren&#8217;t Ill Spent&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

UnitedHealth Cyberattack Exposed Personal Data Of 190 Million Americans

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has taken a major step to strengthen its AI and Siri capabilities by making a notable leadership change. The company has appointed Kim Vorrath, a veteran executive with years of experience at Apple, as a senior leader in its artificial intelligence and machine learning division.
What Happened: Vorrath, who played a pivotal role in the launch of Vision Pro software, will now work closely with AI chief John Giannandrea, <a href="https://www.bloomberg.com/news/articles/2025-01-24/apple-enlists-company-veteran-kim-vorrath-to-help-fix-ai-and-siri?srnd=undefined">reported</a> Bloomberg on Friday. This move is seen as Apple&#8217;s effort to infuse more rigor into its AI development, indicating the company&#8217;s recognition of AI&#8217;s significance for its future.
Apple showcased its AI advancements at last year's WWDC, but they have yet to achieve the impact of rivals like OpenAI's ChatGPT or Google's Gemini. While the company has been steadily expanding its AI initiatives, a significant Siri upgrade is anticipated with iOS 18.4. However, its AI-powered news notification summaries, launched earlier, will be paused in iOS 18.3 following criticism over their lack of accuracy.
See Also: <a href="https://www.benzinga.com/25/01/43214849/mark-zuckerbergs-65-billion-bet-benefits-nvidia-and-other-ai-players-top-analyst-warns-the-run-will-end-in-a-spectacular-bubble-burst">Mark Zuckerberg&#8217;s $65 Billion AI Bet Benefits Nvidia And Other Players, Says Top Analyst, But Warns Market Bull Run Will &#8216;End In A Spectacular Bubble Burst&#8217;</a>
Apple's decision to bring Vorrath, a seasoned executive with a legacy that includes contributions to the original iPhone software team, into the AI division signals a strategic shift in focus. According to the report, the AI team is now prioritizing the overhaul of Siri's core infrastructure and the refinement of Apple's in-house AI models.
Why It Matters: Apple&#8217;s AI advancements are being closely watched, especially in light of the company&#8217;s recent challenges in the Chinese market. JPMorgan analyst Samik Chatterjee sees currency woes, China struggles, and lukewarm AI adoption as hurdles for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43097512/apples-ai-advances-cant-offset-chinese-market-slowdown-says-analyst">Apple&#8217;s upcoming earnings.</a> The company&#8217;s grip on China is weakening, and with Beijing&#8217;s push to boost domestic brands, Apple is losing its competitive edge in a critical growth market.
Earlier this month, Apple pledged to <a href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries">improve its AI feature</a> after a complaint from the BBC. The company admitted that its AI-generated news summaries on iPhones had been inaccurate.
In November 2024, <a href="https://www.benzinga.com/news/24/11/41773589/apple-signals-profit-risks-in-ai-and-vr-shift-what-it-means-for-investors">Apple cautioned investors </a>about potential profit risks tied to its emerging technologies, noting that these innovations might not deliver the same revenue or profit margins as its flagship iPhone lineup.
Price Action:&nbsp;Apple shares ended 0.39% lower on Friday. Year-to-date the company's shares lost 8.64%, as&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">reported by Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43185661/openai-struggles-to-value-microsoft-stake-as-it-looks-to-transition-to-for-profit-entity-as-trumps-500-billion-stargate-ai-project-kicks-off-report" target="_blank" rel="noreferrer noopener">OpenAI Wrestles With Microsoft Stake Valuation As It Looks To Transition To For-Profit Entity Amid Trump's $500 Billion Stargate AI Project: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Apple Shakes Up AI Division, Taps Veteran Kim Vorrath To Bolster Siri

A prominent&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) analyst on Friday contradicted earlier rumors about the&nbsp;iPhone 17&#8216;s Dynamic Island, suggesting that it will remain largely unchanged.
What Happened: Apple analyst Ming-Chi Kuo, in a post on X revealed that the size of the Dynamic Island will stay &#8220;largely unchanged&#8221; in the iPhone 17 lineup.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">預期2H25 iPhone 17系列的動態島大小幾乎沒什改變 I expect the Dynamic Island size to remain largely unchanged across the 2H25 iPhone 17 series
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1882836782217310496?ref_src=twsrc%5Etfw">January 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/01/43200809/openais-sam-altman-flip-flops-on-trump-after-500-billion-stargate-ai-project-says-i-wish-i-had-done" target="_blank" rel="noreferrer noopener">OpenAI's Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says ‘I Wish I Had Done More Of My Own Thinking'</a>
This information contradicts previous speculations of a design modification for the iPhone 17 models. Analyst Jeff Pu had earlier hinted that&nbsp;Apple might incorporate a &#8220;metalens&#8221;&nbsp;for Face ID on the&nbsp;iPhone 17 Pro, leading to a &#8220;much narrowed&#8221; Dynamic Island.
Why It Matters: While rumors continue to circulate about a smaller cutout to increase screen space, it remains unclear if Apple will implement this hardware change. However, reports suggest that Apple is planning other design updates for the iPhone 17 lineup.
The iPhone 17 series is rumored to feature an upgraded display technology, <a href="https://www.benzinga.com/tech/24/12/42736353/iphone-17-to-get-display-upgrade-as-apple-finally-ditches-60hz-technology-new-leak-reiterates-possibility">with a possible 120Hz ProMotion rate</a>, a feature previously exclusive to Pro models. 
Meanwhile, despite rumors of a radical horizontal camera layout, the iPhone 17 Pro could retain its distinctive &#8220;triangular&#8221; camera design, <a href="https://www.benzinga.com/24/12/42666163/iphone-17-pro-could-retain-iconic-triangular-camera-design-despite-rumors-of-a-radical-horizontal-layout">as per a&nbsp;report&nbsp;by MacRumors.</a>
iPhone sales continue to make up roughly half of Apple's total revenue. In October, the company reported fiscal fourth-<a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">quarter revenue of $94.9 billion</a>, exceeding analyst expectations of $94.56 billion. iPhone sales alone totaled $46.22 billion, an increase from $43.8 billion in the previous year.
Price Action:&nbsp;Apple shares ended 0.39% lower on Friday. Year-to-date the company's shares lost 8.64%, as&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">reported by Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43185661/openai-struggles-to-value-microsoft-stake-as-it-looks-to-transition-to-for-profit-entity-as-trumps-500-billion-stargate-ai-project-kicks-off-report" target="_blank" rel="noreferrer noopener">OpenAI Wrestles With Microsoft Stake Valuation As It Looks To Transition To For-Profit Entity Amid Trump's $500 Billion Stargate AI Project: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Apple

Apple's iPhone 17 Dynamic Island To Remain 'Largely Unchanged' Despite Prior Rumors, Says Top Analyst

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is set to introduce advertisements on its social media platform, Threads. The ads will initially be rolled out in the United States and Japan, starting with a select group of brands, according to a post by Instagram boss Adam Mosseri.
What Happened: Mosseri announced the move on Friday, describing it as a &#8220;test.&#8221; Meta plans to closely monitor the results of this test before considering a broader rollout. The goal is to ensure that advertisements on Threads are as engaging as organic content, Mosseri stated.
"We're starting a small test for ads on Threads with a handful of brands in the US and Japan. We know there will be plenty of feedback about how we should approach ads, and we are making sure they feel like Threads posts you'd find relevant and interesting.", Mosseri said in a <a href="https://www.threads.net/@mosseri/post/DFN0dSVhL26">post</a> on Threads.
Launched by Meta&#8217;s Instagram team in <a href="https://www.benzinga.com/news/23/07/33160048/threads-app-hits-100m-users-in-just-five-days-becomes-the-fastest-growing-app-in-history">mid-2023</a>, Threads is positioned as a rival to Elon Musk&#8217;s X. As of December, Threads has achieved 300 million monthly users and over 100 million daily users, according to CEO Mark Zuckerberg.
While the long-term revenue potential for Threads remains uncertain, it will leverage Meta&#8217;s existing advertiser base and its capability to target consumers precisely.
Analyst Jasmine Enberg from Emarketer noted that the move might capitalize on the current instability in the social media sector, considering X&#8217;s challenges and uncertainties surrounding TikTok.
Why It Matters: The introduction of ads on Threads comes amid a period of significant growth for the platform. In December 2024, <a href="https://www.benzinga.com/general/social-media/24/12/42525426/threads-reaches-100-million-daily-active-users-as-meta-capitalizes-on-exodus-from-elon-musks-x-to-alternative-platforms">Threads reached 100 million daily active users</a>, as Meta capitalized on users migrating from Elon Musk&#8217;s X to alternative platforms.
In early December 2024, Threads introduced <a href="https://www.benzinga.com/general/social-media/24/12/42305424/threads-takes-on-x-bluesky-with-new-search-options-making-it-easier-for-you">new search tools</a> to enhance user experience, allowing refined searches by profile and date range. This move was part of Meta&#8217;s strategy to compete with X and the rapidly growing Bluesky.
Back in November 2024, it was reported that <a href="https://www.benzinga.com/general/social-media/24/11/41963996/mark-zuckerbergs-meta-eyes-2025-to-introduce-ads-on-threads-as-elon-musks-x-loses-favor-with-major-brands-report">Meta planned to introduce ads on Threads</a> in early 2025, as X was losing favor with major brands. This strategic move aims to capitalize on Threads&#8217; rapid expansion, with monthly active users reaching 175 million by the end of June 2024.
Meta&#8217;s decision to introduce ads on Threads is a significant step in its ongoing battle with X for social media dominance. As of October 2024, Threads had <a href="https://www.benzinga.com/general/social-media/24/10/41657772/musk-thinks-threads-is-boring-but-275-million-monthly-users-signal-zuckerbergs-platform-coul">averaged</a> 1 million new sign-ups daily, highlighting its potential as a fast-growing platform.
Read Next:
<a href="https://www.benzinga.com/markets/25/01/43215010/michigans-auto-industry-remains-optimistic-despite-trump-revoking-bidens-ev-mandate-the-investments-arent-ill-spent">Michigan&#8217;s Auto Industry Remains Optimistic Despite Trump Revoking Biden&#8217;s EV Mandate: &#8216;The Investments Aren&#8217;t Ill Spent&#8217;</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Meta's Threads To Introduce Ads In US, Japan As It Looks To Monetize Rival Of Elon Musk's X

Wedbush Securities on Friday raised its price target on <a href="https://www.benzinga.com/24/12/42554232/oklo-stock-is-surging-wednesday-morning-whats-going-on">energy company</a> Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) to $45 from $26 while maintaining an &#8220;outperform&#8221; rating citing increased confidence in the AI revolution data center buildout increasing under the new Trump Administration.
What Happened: Oklo, backed by OpenAI CEO Sam Altman, is developing nuclear fission power plants to provide energy at scale. Wedbush said in a note on Friday that it believes nuclear energy will ultimately play a key role in powering data centers, given <a href="https://www.benzinga.com/news/25/01/43173306/elon-musk-says-project-stargate-doesnt-actually-have-the-money-after-trump-announces-500-billion-ai">Project Stargate</a> is merely the start of a larger AI initiative.
Given Altman&#8217;s key AI role, Oklo too, will be a major player, Wedbush said. 
According to Wedbush, the &#8220;AI revolution&#8221; is driving demand for clean energy to power AI initiatives with the need for computing power only expected to grow. Oklo, it says, is in a great position to capitalize on the elevated demand. 
Further, the company&#8217;s business model involves selling its power directly to customers and not the reactors under long-term contracts, enabling it to make long-term recurring revenues, it said. 
Why It Matters: Oklo, however, is yet to make a revenue and reported a net loss of over $63 million for the nine months through the end of September.
Oklo shares closed up 7.8% at $41.82 on Friday. The stock is up 91.4% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. 
Oklo has a consensus price target of&nbsp;$28.67&nbsp;based on the ratings of&nbsp;4&nbsp;analysts tracked by Benzinga and a consensus &#8220;buy&#8221; rating. 
Earlier this month, Citigroup increased the stock&#8217;s target price to $31 from $10, while maintaining a &#8220;neutral&#8221; rating. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="387" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/25014643/image-194-1024x387.png" alt="" class="wp-image-749641" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/25014643/image-194-1024x387.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/25014643/image-194-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/25014643/image-194-768x290.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/25014643/image-194.png 1189w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43193866/trumps-tariff-hikes-could-stoke-consumer-inflation-jitters-challenge-fed-goldman-sachs-warns" target="_blank" rel="noreferrer noopener">Trump's Tariff Hikes Could Stoke Consumer Inflation Jitters, Challenge Fed, Goldman Sachs Warns</a></li>
</ul>
Photo courtesy: Oklo

Analyst Color

Price Target

Analyst Ratings

OKLO

Wedbush Hikes Target Price On Sam Altman-Backed Oklo To $45 On Hopes Of AI Raising Power Demand

Federal Trade Commission (FTC) Chairman Andrew Ferguson reportedly acknowledged staff anxiety about returning to work at the office full-time on Friday but said the pandemic is now over. 
What Happened: Ferguson told Reuters that the Covid pandemic is long over and workers need to be at their desks. 
Ferguson also reportedly said that virtual working &#8220;undermined the rich and unique culture that long made the FTC one of the best places to work in the federal government.&#8221; He added that new employees would get a better grip on their work if they interacted with other employees in person instead of via a computer screen.
Currently, about 80% of the workforce at the agency works from home for most of the week. 
<a href="https://www.benzinga.com/government/regulations/25/01/43084601/trump-day-1-executive-order-tsunami-incoming-energy-inflation-immigration-in-focus-but-what-about-tariffs">President Trump</a>, after swearing-in on Monday, signed an executive order ordering federal workers back to the office. Ferguson expects FTC staff to revert to full-time at the office by March 3, Reuters reported, citing an internal memo.
Why It Matters: Billionaire Elon Musk, who is currently heading Trump&#8217;s Department of Government Efficiency, has previously said that voluntary terminations owing to return-to-office mandates would be &#8220;welcome.&#8221;
&#8220;Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome: If federal employees don't want to show up, American taxpayers shouldn't pay them for the Covid-era privilege of staying home,&#8221; Musk wrote in an op-ed in the Wall Street Journal he co-authored with Vivek Ramaswamy and published in November.
The quitting of workers over the return to office mandate, however, could impact the agency and the chairman&#8217;s targets of <a href="https://www.benzinga.com/25/01/43063862/whats-going-on-with-pepsico-stock-today">pursuing litigation</a> against several including Meta Platforms and Amazon.com.
Ferguson pledged to "end Big Tech's vendetta against competition and free speech" after Trump named him as his choice for <a href="https://www.benzinga.com/markets/24/12/42428224/bitcoin-ethereum-dogecoin-mirror-stock-declines-ahead-of-crucial-inflation-data-release-top-analyst-says-buy-the-dip-predicts-275k-btc-target">FTC Chair </a>in December. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43193866/trumps-tariff-hikes-could-stoke-consumer-inflation-jitters-challenge-fed-goldman-sachs-warns" target="_blank" rel="noreferrer noopener">Trump's Tariff Hikes Could Stoke Consumer Inflation Jitters, Challenge Fed, Goldman Sachs Warns</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

FTC Chair Wants Workers Back At Office Full-Time By March, Says COVID Pandemic Is Long Over

Michigan&#8217;s electric vehicle industry is maintaining an optimistic outlook despite recent policy changes announced by President&nbsp;Donald Trump.
The executive order signed by Trump <a href="https://www.benzinga.com/tech/25/01/43090016/which-evs-might-lose-7500-ev-tax-credit-under-trump-administration">aims to eliminate</a> the EV &#8220;mandate&#8221; which could impact President&nbsp;Joe Biden&#8216;s&nbsp;target for 50% of new&nbsp;U.S. vehicle sales to be electric by 2030.
What Happened: Michigan stands as a significant player in the EV sector, with over $27 billion invested in EV projects, surpassing Georgia&#8217;s $26.6 billion. The state is home to several supply companies and automakers, including&nbsp;General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), which operates Factory ZERO in Detroit.
Despite the policy shifts, industry figures like auto dealer Eric Frehsée and Ray Smith, who&nbsp;runs an EV training program, stress the importance of continued progress in the EV sector, according <a href="https://apnews.com/article/trump-electric-vehicle-policy-auto-industry-investment-michigan-detroit-d554fec7aa9519c55aa723583051091e">to</a> a report by the Associated Press.
Frehsée has invested in EV infrastructure at his dealership, while Smith focuses on training future technicians.
"I think that the investments aren't ill-spent. I think that it's still the direction that we're heading," said Frehsée, according to the report.
Some automakers, such as&nbsp;Stellantis N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), are adjusting to the policy changes, while others, like&nbsp;Ford Motor Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), have not yet commented. The EV market faces challenges, including the repeal of a $7,500 tax&nbsp;credit and paused funding for EV charging stations.
Why It Matters: The repeal of the $7,500 EV tax credit could significantly <a href="https://www.benzinga.com/tech/25/01/43090016/which-evs-might-lose-7500-ev-tax-credit-under-trump-administration">impact the affordability of EVs</a> for consumers. This credit currently benefits several models from&nbsp;Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;and Ford.
The removal of this credit could lead to a decrease in sales, as seen in other regions where similar incentives were canceled.
Furthermore,&nbsp;Rivian Automotive Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) CEO RJ Scaringe <a href="https://www.benzinga.com/25/01/43214741/rivian-ceo-warns-legacy-automakers-against-underinvesting-in-evs-in-light-of-policy-shift-big-miscalculation-for-">cautioned legacy automakers</a> against underinvesting in EVs due to policy changes.
He believes that while these shifts may present short-term challenges, they should not deter long-term investments in the EV sector.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43214479/cybertruck-off-road-armor-launch-delayed-to-march-end-says-tesla-exec">Cybertruck Off Road Armor Launch Delayed To March-End, Says Tesla Exec</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Government

RIVN

STLA

TSLA

Michigan's Auto Industry Remains Optimistic Despite Trump Revoking Biden's EV Mandate: 'The Investments Aren't Ill Spent'

Deepwater Asset Management&#8217;s Gene Munster says Meta Platform Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43196266/whats-going-on-with-meta-shares-friday-2">plans to invest up to $65 billion</a> this year to expand its AI infrastructure will benefit Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and other hardware players.
What Happened: Meta CEO Mark Zuckerberg on Friday outlined the company&#8217;s capital spending plans for 2025 and its focus on artificial intelligence (AI).
Zuckerberg expects Meta to allocate between $60 billion and $65 billion for capital spending, primarily aimed at expanding the company's AI teams and building a new data center. he described the new data center as being &#8220;so large that it would cover a significant part of Manhattan.&#8221; The tech mogul further noted that Meta aims to bring a gigawatt of computing power online by 2025 and is projected to finish the year with over 1.3 million graphics processing units.
Weighing in on the announcement, Munster said Meta&#8217;s commitment &#8220;exceeds Street estimates of $51B.&#8221;
"In 2025, I expect Meta AI will be the leading assistant serving more than 1 billion people, Llama 4 will become the leading state of the art model, and we'll build an AI engineer that will start contributing increasing amounts of code to our R&amp;D efforts," Zuckerberg said.
See Also: <a href="https://www.benzinga.com/news/25/01/43200809/openais-sam-altman-flip-flops-on-trump-after-500-billion-stargate-ai-project-says-i-wish-i-had-done">OpenAI&#8217;s Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says &#8216;I Wish I Had Done More Of My Own Thinking&#8217;</a>
According to Munster, the increased investment in AI infrastructure will particularly benefit Nvidia and other hardware players in the short term. In the long term, the higher capital expenditure (Capex) is expected to accelerate the AI flywheel, leading to more innovation, lower usage costs, an increase in customers, and consequently, more investment.
He also issued a reminder, stating, &#8220;I believe the market is&nbsp;going higher and the run&nbsp;will end in a spectacular&nbsp;bubble burst.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The latest datapoint that the AI trade remains intact. Zuckerberg&#39;s comment that <a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a> will spend $60–$65B in Capex for 2025 exceeds Street estimates of $51B. In the near term, increased investment in AI infrastructure benefits <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> and other hardware players. Long term,…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1882825296929264001?ref_src=twsrc%5Etfw">January 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Zuckerberg&#8217;s announcement comes on the heels of Meta&#8217;s recent AI advancements. In December, Meta introduced the Llama 3.3 70B, a new<a href="https://www.benzinga.com/24/12/42376972/metas-llama-33-70b-the-new-ai-model-that-outperforms-google-openai-and-amazon-with-unmatched-efficiency"> AI model that outperforms competitors </a>like&nbsp;Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google,&nbsp;OpenAI, and&nbsp;Amazon.com, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>). This model offers the performance of Meta's largest Llama model, Llama 3.1 405B, but at a reduced cost. 
Last year in April, Meta announced its plan to purchase <a href="https://www.benzinga.com/news/24/04/38400945/metas-massive-1b-bet-on-nvidia-h100-gpu-cluster-will-dwarf-every-other-companys-target-but-zuckerber">350,000 Nvidia H100 GPUs by 2024</a> to fuel its AI initiatives. Zuckerberg then said the 350,000 Nvidia H100 GPUs were initially intended to enhance Instagram Reels, not to position Meta as a leader in AI technology.
Meanwhile, President Donald Trump criticized the European Union (EU) for focusing on U.S. tech giants like Meta, Apple, and Google. He accused EU regulators of unfairly targeting these companies, calling their actions &#8220;a form of taxation.&#8221;
Price Action: Meta Platform&#8217;s stock closed at $647.49 on Friday, down 0.20% for the day, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43185661/openai-struggles-to-value-microsoft-stake-as-it-looks-to-transition-to-for-profit-entity-as-trumps-500-billion-stargate-ai-project-kicks-off-report">OpenAI Wrestles With Microsoft Stake Valuation As It Looks To Transition To For-Profit Entity Amid Trump&#8217;s $500 Billion Stargate AI Project: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

GOOG

Mark Zuckerberg's $65 Billion AI Bet Benefits Nvidia And Other Players, Says Top Analyst, But Warns Market Bull Run Will 'End In A Spectacular Bubble Burst'

Comments

JNBY Design

News

Latest news for JNBY Design (OTC:JNBYF) Stock

Tuesday, August 27, 2019

Wednesday, August 07, 2019

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga