The iPhone Is a Nicer Place With Fewer Restrictions After Ruling
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Austin Carr looks at the impact of the latest ruling ordering Apple to reform its App Store practices.
Chip hunger: TSMC's revenue jumped 48% in April as electronics companies rushed to acquire essential components before escalating US tariffs took effect.
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Tom's Guide
17 minutes ago
- Tom's Guide
Don't wait! Huge Apple sale live on Amazon from $24 — 15 early Labor Day deals I'd add to my cart now
Labor Day weekend is just around the corner, but you don't have to wait until September to upgrade your favorite Apple devices without breaking the bank. It's no secret that Apple's premium brand comes with a similarly premium price tag. Thankfully, you can say goodbye to paying full price this weekend, as Amazon is discounting select Apple products from the latest AirPods, iPads, MacBooks and more. With up to 32% off select devices across Apple's entire lineup, it's the perfect time to snag any coveted Apple gadgets you've been hesitating to click "add to cart." For instance, the new MacBook Pro with an M4 chip is now $300 off, the lowest price yet for one of the best laptops currently on the market. If you're constantly losing track of your belongings, you can also snag the Apple AirTag 4 pack for just $74, or a single AirTag for just $24 now. Below, I've rounded up all the best Apple deals I could find on Amazon. Here are my 15 favorite early Labor Day deals on Apple devices. If you're interested in even more ways to save, be sure to check out this week's best Amazon promo codes. While you're at it, why not peruse our round-up of the best early Labor Day deals on tech, home decor, and sneakers to shop now? The Apple AirTag is an excellent key finder that is extremely easy to set up and does a great job of locating your valuables. What more could you ask for? Save $5 right now. Save $25 on this 4-pack of Apple's AirTag trackers, letting you track multiple objects direct from your iPhone. Whether you're traveling with multiple bags, or just can't keep track of your bags and keys, these could prove invaluable in the months ahead. The best new iPads, including iPad mini 7, all get to benefit from the new features in the Apple Pencil Pro — like the squeeze and barrel roll features. Not to mention all the classic Apple Pencil capabilities like pressure sensitivity, low-latency and tilt support. The AirPods 4 boast a new design as well as Apple's H2 chip, which delivers clearer calls with Voice Isolation, and a new, hands-free way to interact with Siri. The AirPods 4 also have USB-C charging and include up to 30 hours of listening time. In our AirPods 4 review, we said the Editor's Choice earbuds bring Apple's wireless earbuds lineup into the modern day with Pro-level features for less. The AirPods Pro 2 are Apple's best wireless earbuds. Our AirPods Pro 2 review found excellent sound quality, great noise cancelling performance and immersive Spatial audio. The base model Mac mini M4 is a big step up from its predecessor and likely enough for most people without any expensive upgrades. It comes with Apple's powerful M4 chip, 16GB of RAM and 256GB of storage. You also get plenty of ports in a tiny package with three Thunderbolt 4 ports, two USB-C ports, HDMI and Ethernet. The Apple Watch SE (2022) is the best budget Apple Watch and one of the best affordable smartwatches on the market today, even before a discount. For folks with smaller wrists, the 40mm SE is Apple's lightest and easiest-wearing smartwatch. It also offers the same battery life, water resistance and many of the same features as the pricier Series 10. The Apple Watch 10 boasts a thinner and lighter design, faster charging and a new sleep apnea detection feature. Some new key features include 30% more screen area, rounded corners and a first-ever wide angle OLED display. The device also feature advanced health insights, including the ability to take an ECG anytime. The 2025 iPad Air packs Apple's M3 processor, an 11-inch LED (2360 x 1640) display, 128GB of storage, a 12MP rear camera, and a 12MP front camera. The tablet features a more powerful 8-core CPU, which makes the M3 up to 35% faster for multithreaded CPU workflows than the iPad Air M1. There's also a 9-core GPU on board with 40% faster graphics performance. In our iPad Air M3 review, we called it "the best Apple tablet for most people."Price check: $449 @ Best Buy This larger size iPad Air sports the same M3 processor, but it's coupled with a 13-inch LED (2732 x 2048) display. Otherwise, it packs the same 128GB of storage, 12MP rear camera, WiFi 6E support, and a 12MP front camera. The new CPU and larger display should make this iPad a favorite for gamers. The 11-inch iPad Pro packs Apple's latest M4 processor paired with a stunning 11-inch Tandem OLED (2420 x 1668) display. The new M4 processor features 9 CPU cores and 10 GPU cores. In our iPad Pro 2024 review we said it could very well be the most stunning tablet ever made. At 5.1mm thick, this is one of the thinnest iPads Apple has ever made. It packs Apple's new M4 processor, a 13-inch Ultra Retina XDR display, and 12MP camera. The new MacBook Air is powered by Apple's latest M4 chipset. The new Mac upgrades the camera from 1080p to 12MP with Center Stage support. The M4 chipset also supports dual external monitors, even when you have the laptop's lid open. It packs a 13.6-inch Liquid Retina display (2560 x 1664), Apple's M4 CPU w/ 10-core GPU, 16GB of RAM and 256GB SSD. In our MacBook Air M4 review, we said the Editor's Choice laptop is irresistible thanks to its speedy performance, sharper camera, and lower starting price. Prefer a bigger screen? The 15-inch model is also on sale. It packs a 15.3-inch Liquid Retina display (2880 x 1864), Apple's M4 CPU w/ 10-core GPU, 16GB of RAM and 256GB SSD. Thanks to its M4 chip, the new MacBook Pro offers up to 2x faster Neural Engine performance for AI tasks and 2x faster ray tracing compared to the old M3 models. As we said in our MacBook Pro 14-inch M4 review, you also get a sharper 12MP Center Stage webcam and extended battery life of over 18 hours in our testing.
Yahoo
37 minutes ago
- Yahoo
This Artificial Intelligence (AI) Stock Is Dirt Cheap Compared to Its Growth
Key Points Chip stocks have been some of the biggest beneficiaries throughout the artificial intelligence (AI) revolution. While companies like Nvidia and AMD fetch the most attention, they rely heavily on the foundry services of TSMC. Despite notable valuation expansion, Taiwan Semiconductor remains dirt cheap based on one overlooked metric. 10 stocks we like better than Taiwan Semiconductor Manufacturing › One stock that has consistently outperformed the S&P 500 and Nasdaq Composite throughout the artificial intelligence (AI) revolution is the foundry and fabrication specialist Taiwan Semiconductor Manufacturing (NYSE: TSM). While its share price has posted monster gains of 174% over the last three years, there's still a good argument to be made that TSMC (as it's known for short) remains attractively valued. Let's dig into the catalysts fueling such epic growth at TSMC and then assess some lesser-understood valuation techniques that may help investors see why the stock still looks attractive at its current price point. TSMC's growth is off the charts... Before diving into TSMC's financial profile, it's worth reviewing how the company fits into the broader AI picture. Companies such as Nvidia, Advanced Micro Devices, and Broadcom have enjoyed record growth over the last few years thanks to booming demand for their GPU clusters and data center networking equipment. At the same time, hyperscalers such as Microsoft, Amazon, and Alphabet have experienced surging growth across their integrated AI ecosystems -- including applications in cloud computing infrastructure, cybersecurity, workplace productivity software, and more. While rising capital expenditures represent strong tailwinds for GPU and custom ASIC businesses, the trend is arguably even more favorable for foundry services such as TSMC. Why is that? Simply put, it actually manufactures many of the chipsets and systems equipment sold by the companies referenced above. Budget increases for chips and infrastructure represent a hidden -- and often overlooked -- tailwind for TSMC, regardless of whose chips are in demand. TSMC's mission-critical fabrication solutions provide the company with significant pricing power. These dynamics can be seen from the financial profile above, underscored by the company's steepening revenue growth trend in parallel with improving gross profit margins. ... and it appears it can sustain this growth One of the interesting aspects of TSMC's investor materials is that the company publishes revenue growth reports on a monthly basis rather than solely in a quarterly report. In the table below, I've summarized the company's monthly revenue growth throughout 2025: Category January February March April May June July Revenue growth YoY 35.9% 43.1% 46.5% 48.1% 39.6% 26.9% 25.8% Data source: TSMC Investor Relations. During the second quarter, TSMC generated $30 billion in sales thanks to continued demand for highly coveted 5nm and 3nm chip nodes. Revenue growth seems to have stalled a bit in June and July, but I do not see this as a long-term trend. Keep in mind that new GPU architectures such as Nvidia's Blackwell and AMD's MI350 and MI400 series are still in early stages of rollout and development. As infrastructure spending continues to accelerate across the AI landscape, TSMC is in position to benefit from such robust secular themes. Why I think TSMC stock is dirt cheap Common valuation methodologies often include ratios such as price-to-sales (P/S) or price-to-earnings (P/E). These metrics can be helpful when benchmarking a company against a set of peers, but they can be misleading when these ratios begin to expand meaningfully. For example, if you take a look at the chart below, you'll notice that TSMC's P/S and P/E multiples have risen throughout the AI revolution. Such a degree of valuation expansion might lead investors to believe that the stock is overbought and has become pricey. While such logic has merit, it does not always apply. A more nuanced way to value the chipmaker is by using its price/earnings-to-growth ratio (PEG), a metric popularized by legendary fund manager Peter Lynch. Essentially, it accounts for the P/E ratio as well as the earnings growth over a period of time. A good rule of thumb is that a PEG ratio below 1.0 signals that the stock is undervalued. Per the chart above, the stock has a PEG ratio based on next year's earnings of 0.6. I think the PEG ratio compression illustrated above can be attributed to a few factors. Wall Street's bullish view calls for the anticipation of accelerating earnings from TSMC supported by ongoing AI infrastructure spend. However, increased earnings revisions are likely outpacing appreciation in Taiwan Semi stock -- basically normalizing the company's PEG ratio without a sell-off as the primary driver. In addition, I think the market might be underpricing TSMC due to broader macro uncertainty surrounding geopolitical tensions with China or general cyclicality of the chip market. The combination of PEG ratio compression and a robust financial outlook could make the stock a textbook candidate for investors seeking growth at a reasonable price. To me, the stock is dirt cheap at its current price point relative to its growth. Investors with a long-term time horizon may want to take advantage of this rare opportunity to own a chip stock positioned to ride and dominate the AI infrastructure wave. While many semiconductor and AI stocks continue to trade at a premium, TSMC appears to be an undervalued opportunity anchored amid a sea of frothy valuations. Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Taiwan Semiconductor Manufacturing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Adam Spatacco has positions in Alphabet, Amazon, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. This Artificial Intelligence (AI) Stock Is Dirt Cheap Compared to Its Growth was originally published by The Motley Fool
New York Post
an hour ago
- New York Post
More US tourists visit Canada than Canucks travel to America for first time ever: report
Tourists from the Great White North are giving the US the cold shoulder. In a surprise twist to the ongoing trade war between North American neighbors, July marked the first time ever more Americans road-tripped it to Canada, than vice versa. That month saw 1.8 million US car trips into Canada, compared to 1.7 million Canadian excursions to the Land of the Free, new data from Statistics Canada released Monday found. Cross-border trips between Canada and the US slowed in July, normally the busiest month of the year. Bloomberg via Getty Images Travel in both directions is slumping, however, as trade tensions between the two allies boil over. US visits to its northern neighbor dropped 7.4% from last July — normally the busiest travel month of the year — while Canadian road trips to America nosedived by a staggering 37%. It marked the sixth consecutive month of year-over-year declines in tourism, following President Trump's February announcement that he was implementing tariffs on Canada, while also joking that he planned to make the country the 51st state, which led to Canucks cancelling their US vacations in droves. 1.8 million Americans visited Canada by car in July. AMVShutter – The two countries blew past an Aug. 1 trade-deal deadline and are now locked in a tit-for-tat tariff battle. The US is targeting Canadian goods not covered by the Canada-United States-Mexico Agreement with tariffs of up to 50%, and Canada imposing 25% counter-tariffs on billions of US exports.
