Apple unveils now iPhone and a modem. Microsoft unveils quantum computing chip

I miss the days of true ‘reveals’ from Apple.

Instead, we got today the iPhone 16e, which is a step down from the existing iPhone 16. It includes Apple Intelligence, which has been a bust so far. We also got its first cellular modem chip.

Apple shares are down 0.2% today and not doing much on this announcement.

Meanwhile, CNBC reports that Microsoft has revealed a quantum chip called Majorana 1. Microsoft shares are flat but quantum computing meme stocks have jumped around 10%.

This article was written by Adam Button at www.forexlive.com.