AAPL is down 1.3% on the news, while GOOGL is up 2%. Their phone offerings have diverged so dramatically with this last refresh cycle.

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snowwrestler 6 days ago | parent | next [-]

AAPL often drops after launch events. “Buy the rumor, sell the news.”

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mcny 6 days ago | parent | prev | next [-]

Maybe the Google stock was affected by this?

https://www.reuters.com/business/google-cloud-anticipates-le...

> Google Cloud revealed Tuesday it has lined up about $58 billion in new revenue over the next two years as it vies to become a more central component of the tech giant's future.

> The company said during its July earnings that the cloud division had surpassed a $50 billion annual revenue run rate. Google Cloud's backlog of non-recognized sales contracts is growing even faster than its revenue, unit chief Thomas Kurian told investors at the Goldman Sachs Communacopia + Technology conference.

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baby 6 days ago | parent | prev | next [-]

Im a long time Apple person and in the last year I moved to Android just for the folding phone. It's just too good to pass honestly

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apparent 6 days ago | parent | prev [-]

Do you think Google stock is up because of this announcement? It's not like they generate most of their revenue from Pixel phones, or Android overall.

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blitzar 6 days ago | parent | next [-]

Yes, a move in the global share of mobile phones a few percentage points from apple ecosystem to google ecosystem is even more important now Ai is the denominator in every valuation.

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booleanbetrayal 6 days ago | parent [-]

This in a nutshell.

I think the long and the short of it (place your bets) is that it could be perceived that Apple has lost its foothold on this ever-important (tm) share of the AI marketplace, whereas Google is happily integrating Gemini into all of its services, in a way that is actually functional / useful, with the most obvious entry point being its own Pixel hardware. They just dodged a regulatory bullet, partly due to AI competitiveness, but maybe they're not going to be on the whipping end of that sea change, after all ...

	▲	blitzar 5 days ago \| parent [-]
		One small disagreement - the most obvious entry point is one of the 3.5 billion android devices in the world (against apples 1.5b) The relatively small changes in share price (~ -2% vs +2%) is likely just some optionality coming out of the respective company valuations for the small probability apple announced something big like Ai that works or a $400 phone for the mythical people who don't live in silicon valley and make 7 fig salaries.

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booleanbetrayal 6 days ago | parent | prev [-]

I think people trade on announcements like this, regardless of the full financial picture.