Today

AAPL: 103.62

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This week Benjamin and Zac talk about Apple’s ‘Carpool Karaoke’ purchase, the rumored iPhone 7 release date in context, and Apple’s latest earnings report. 9to5Mac’s Happy Hour podcast is available for download on iTunes and Apple’s Podcasts app, or through our dedicated RSS feed for Overcast and other podcast players.

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Following the earnings report yesterday, Apple company stock has popped 7% as investors were pleased with Apple’s guidance for the September quarter and total revenue drop for fiscal Q3 was lower than anticipated.

This means Apple stock is back into triple digits, after fleeting the $101 mark briefly last week. The stock opened this morning at $103, up significantly from yesterdays close os ~$97

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Update: That $103 price is holding steady in early trading this morning.

While Apple’s earnings weren’t fantastic, with particularly bad news in China, the market view appears to be that the numbers were better than feared. The stock price climbed sharply in the first hour of after-hours trading, jumping from $97.34 to more than $103, and has so far maintained this new level.

Business Insider did a roundup of analyst reactions, and found that with the single exception of Deutsche Bank, which rates the stock a Hold, all the others they surveyed rated it a Buy, with target prices ranging from $115 to $150 …

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Australia’s three biggest banks are claiming that Apple is in breach of antitrust laws by not allowing third-party mobile payment apps to use the NFC chip used by Apple Pay for contactless payment.

Reuters reports that the banks have initially requested permission from regulators to jointly negotiate with Apple – ironically, because they might themselves be in breach of antitrust laws if they clubbed together to negotiate without clearance to do so …

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The first Apple Store in Singapore looks set to open in November, according to a construction works plate on the site. The plate says that the anticipated completion date of the additions and alterations to the building is 31st October, suggesting that it is likely to open sometime the following month …

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While most of the numbers announced yesterday were broadly in line with analyst expectations, there was one particularly disappointing element: revenue from China. This was down 29% on the previous quarter, and a full 33% year-on-year – from $13.2B in Q3 2015 to $8.8B the same quarter this year.

CEO Tim Cook pointed to slowing growth in the Chinese economy as a factor, but there are two other factors at play …

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