Apple Summary
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Citi has reaffirmed its buy rating on Apple stock, increasing the price target, indicating confidence in the company's performance despite market fluctuations. In product news, researchers have utilized three million days of data from Apple Watch to develop an AI for disease detection, showcasing the potential of wearable technology in healthcare.
Additionally, the European Union has noted that enhanced switching between iPhone and Android devices is a sign that the Digital Markets Act is effectively fostering competition. Former COO Jeff Williams, who recently retired from Apple, has been nominated to join Disney's board, marking a significant transition for him post-Apple.
Meanwhile, Apple continues to offer substantial holiday deals on products such as the MacBook Air and Mac mini, with prices starting at $479, attracting consumer interest ahead of the holiday season.