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Apple FY26Q2 Earnings Review: Margin Expansion and Buybacks in Focus — What's Driving Apple Now?
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The AI boom has depleted inventory, prompting Apple to raise the starting price of the Mac Mini by 200 USD.
Apple has raised the starting price of the Mac mini desktop from $599 to $799 in response to inventory shortages and tight processor supplies driven by AI demand. This price increase was effectively achieved by discontinuing the entry-level configuration, which featured the M4 processor and 256GB of storage. The current base configuration still uses the same chip but with storage upgraded to 512GB. The version equipped with the M4 Pro remains priced at a starting point of $1,399.
S&P 500, Nasdaq End Higher, Notch Weekly Gains
Hopes for a U.S.-Iran peace agreement receded, halting the decline in crude oil prices, while the dollar rebounded from its lows, with USD/JPY moving from 156.34 to 157.12.
[London Market Overview] The US dollar to Japanese yen exchange rate struggled to gain momentum in the London foreign exchange market on the 1st. New York crude oil futures (WTI) remained firm at around $105 per barrel, strengthening the trend for buying dollars. However, reports of Japan's currency intervention curbed yen selling, capping the dollar’s upward movement. The euro to US dollar rate was pressured downwards due to high crude oil and a strong dollar, falling from 1.1747 dollars to 1.1730 dollars before recovering. The euro to yen rate rose from 183.56 yen to 183.96 yen but faced caution over potential additional currency interventions, limiting further gains.