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Apple Holds Event To Showcase New Release Of iPhones, Watches and AirPods
Apple CEO Tim Cook inspects the new iPhone 16 (Justin Sullivan/Getty Images)
i-yawn

It sure looks like fewer people are rushing to buy the new iPhone this year

Apple's big bet on AI isn't paying off with consumers yet

Rani Molla
9/16/24 11:59AM

The incorporation of AI into the iPhone doesn’t seem to be doing much for Apple just yet.

A look at global traffic to Apple.com shows that over the past few years, fewer unique visitors have been showing up to watch Apple’s annual hardware event. And even fewer are turning up when it’s time to pre-order iPhones. Presumably, that means fewer people are buying them, too. Apple didn’t immediately respond to a request for comment.

Typically, traffic each year to Apple’s website peaks on the day of the iPhone event and jumps again a few days later, when the new phones become available for pre-order, according to data online measurement firm Similarweb shared with Sherwood.

A look at the last three years shows that traffic has gone down.

Here’s that chart again isolating the day of the event and the day pre-orders begin:

Apple has been hoping that the integration of its AI, Apple Intelligence, would help spur an upgrade cycle, and help flagging iPhone sales.

The thing is, people don’t really buy new iPhones for the new features. Rather consumers buying new iPhones typically cite a slow, broken, or lost phone, according to survey data from Consumer Intelligence Research Partners. And iPhones have been lasting a lot longer these days, while its new features have failed to wow.

Of course, consumers could be waiting for Apple Intelligence to come out in October to see how well it actually works. For now, they’re not that interested in the iPhone 16.

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Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

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