• China approved Apple Intelligence registration for iPhones, clearing a regulatory hurdle for Apple’s generative AI service in the Chinese market, enabling rollout of the AI feature on iPhone devices.
  • AAPL hit a record high, extended gains in after-hours trading, and rose ~15% in July. HSBC upgraded AAPL to Buy with a $366 price target, about 10% above the prior close.
  • Apple to host Alibaba’s Qwen AI in iPhone, iPad, Mac and Vision Pro in China; integration ties Alibaba AI services to Apple devices, potentially affecting China device demand and software use.
  • Apple limited upfront AI spending vs peers, using external best-in-class models and prioritizing gradual AI integration into devices and services to capture value from future AI-enabled products.
  • AAPL: Apple raised new AppleCare+ prices — 13" MacBook Air monthly to $7.99 (from $7.49) and annual to $79.99 (from $74.99); monthly Mac/iPad plans +$0.50, annual +$5; existing plans unchanged.