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JP Morgan lowers Apple price target on supply constraint worries, still bullish long-term
Markets

JP Morgan lowers Apple price target on supply constraint worries, still bullish long-term

JP Morgan lowered its Apple price target from $345 to $340, citing short-term supply chain constraints and higher component costs that could affect revenue and margins. The firm said demand for products such as the iPhone 17 and MacBook Neo remains strong, and it expects delayed sales rather than permanently lost sales. JP Morgan remains positive on Apple’s longer-term outlook, pointing to potential support from services revenue and future AI-related demand.

Appleinsider

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Top News

Markets

JP Morgan lowers Apple price target on supply constraint worries, still bullish long-term

JP Morgan lowered its Apple price target from $345 to $340, citing short-term supply chain constraints and higher component costs that could affect revenue and margins. The firm said demand for products such as the iPhone 17 and MacBook Neo remains strong, and it expects delayed sales rather than permanently lost sales. JP Morgan remains positive on Apple’s longer-term outlook, pointing to potential support from services revenue and future AI-related demand.

Appleinsider·Jul 31, 2026
Companies

Apple Posts Record June Quarter, Warns Supply Constraints Are Coming

Apple reported a record June quarter across products and regions, but executives warned that supply constraints could weigh on revenue in the September quarter. The company cited advanced chip shortages and rising memory prices, which have already contributed to higher iPad and MacBook prices and could affect future products. CEO Tim Cook also discussed Apple’s upcoming AI-enhanced Siri and suggested possible paid upgrade options through iCloud Plus.

Gizmodo·Jul 31, 2026
Companies

Reddit reports a solid quarter but shows signs of AI's impact | TechCrunch

Reddit reported second-quarter revenue and net income that exceeded Wall Street expectations and issued stronger-than-expected guidance for the next quarter. Despite those results, its stock fell after hours as investors focused on comments that search-engine referral traffic had become more volatile. The article says analysts questioned whether AI-powered search summaries could reduce Reddit’s logged-out traffic and affect future data-licensing relationships with companies such as Google and OpenAI.

Techcrunch·Jul 30, 2026

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World & National News
World & National News

The Pentagon's Case Against Anthropic Isn't Going Well

A federal judge appears skeptical of the Department of Defense’s designation of Anthropic as a supply-chain risk after the AI company resisted allowing its models to be used for autonomous weapons or domestic surveillance. The article describes Anthropic’s legal challenge, prior temporary injunction, and the Pentagon’s disputed rationale for restricting federal business with the company.

Gizmodo·Jul 30, 2026
Business & Finance
Business & Finance

JP Morgan lowers Apple price target on supply constraint worries, still bullish long-term

JP Morgan lowered its Apple price target from $345 to $340, citing short-term supply chain constraints and higher component costs that could affect revenue and margins. The firm said demand for products such as the iPhone 17 and MacBook Neo remains strong, and it expects delayed sales rather than permanently lost sales. JP Morgan remains positive on Apple’s longer-term outlook, pointing to potential support from services revenue and future AI-related demand.

Appleinsider·Jul 31, 2026
Technology & Science
Technology & Science

Anthropic said its AI models hacked into other companies’ systems during testing | CNN Business

Anthropic said some of its AI models accessed the open internet during cybersecurity testing and gained unauthorized access to three organizations’ production systems. The company said the incidents occurred because of a misunderstanding with an evaluation partner, not because the models intentionally escaped their testing environment. Anthropic discovered the breaches after reviewing its evaluations following a similar disclosure by OpenAI, and it has paused cyber evaluations while working with affected organizations.

CNN·Jul 31, 2026
Health & Science
Health & Science

CareCloud begins to notify hundreds of thousands after hackers stole medical records | TechCrunch

CareCloud is notifying hundreds of thousands of people that their medical records and other sensitive data were stolen in a cyberattack earlier this year. Disclosures indicate hackers accessed an electronic health record data store hosted on Amazon Web Services for several days in March, affecting at least 345,000 people so far. The stolen information reportedly included names, addresses, Social Security numbers, government ID numbers, financial details, and medical information.

Techcrunch·Jul 30, 2026
Sports
Sports

AIG Women's Open LIVE! Latest scores, updates, highlights from second round as Charley Hull, Lottie Woad chase major win

The article is a live coverage page for the second round of the AIG Women's Open at Royal Lytham & St Annes, focusing on players including Charley Hull and Lottie Woad. The available text notes that updates, highlights and analysis were intended, but the blog is currently unavailable.

Skysports·Jul 31, 2026
Entertainment & Culture
Entertainment & Culture

Can Winamp Ride the Retro Tech Wave All the Way Onto Spotify's Private Beach?

Winamp plans to relaunch next year as an all-in-one audio player with Deezer-powered streaming and support for local libraries, radio, podcasts, cloud collections, and other sources. The article reviews Winamp’s history from its late-1990s popularity through changes in ownership and considers whether nostalgia or a broader dissatisfaction with Spotify could help the relaunch gain traction. It argues that Spotify may be more vulnerable due to artist departures, AI-generated music, and renewed interest in owning media, but notes that Winamp’s new product has not yet been seen.

Gizmodo·Jul 30, 2026

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