Apple’s iPhone 17 Launch: Innovation or Disappointment?

Apple's awe dropping event ushering in the new iPhone 17.

The tech giant forecasting sales of around 80 million units in the second half of this year.

In total, Apple unveiled 8 new products, including a brand new addition to the iPhone lineup, the iPhone Air.

The thinnest model yet comes as Apple faces questions over its AI push, and separately Fed funds, futures still pointing to a much higher chance of a 25 point rate cut than a 50%.

The central banks for digesting political pressures along with over 900,000 job revisions and this week's inflation figures.

Well joining me live here at the New York Stock Exchange is Gabby Vrospi, CEO and founder of Latino Wall Street.

Gabby, great to have you here.

Thanks for joining me.

Oh, thank you so much for having me.

Well, we saw record highs for the major stock averages today.

We're seeing mixed trading this morning, but I do want to get your take on Apple's all dropping event.

What did you think?

So I think for Apple we had high. we were expecting some sort of like breakthrough and new technology and innovation and I have to say they fell short a little bit, right?

It was a bit disappointing we didn't quite see that, you know.

I was expecting to see more AI features since that's like the new thing, but I do have to say that the new AirPods, right, the AirPods Pro that are going to have that translation feature live, I have to say that's the one the one product that I think it's gonna have the most. because that is new and that is innovative and that is what investors are looking for, but everything else this iPhone 17, like a new version, more of the same, just a little tweak here and there.

I don't think that's what Apple needs.

I think they need more innovation.

Yeah, it's interesting you mentioned that because the AirPod 3 live translation, that was something that I focused on as well and you know we're talking about AI and Apple's push, but I would have to say that with the AirPods.

I think you and I, we could probably try it out, right, to see if it's effective and accurate, 100%, especially with my community, you know, we're a bilingual community, but some of my members prefer Spanish.

I feel like that's like it's going to be a game changer.

Yeah, so we'll have to watch when it comes out.

And of course the countdown is on to the Fed Reserve meeting next Wednesday afternoon we get that rate decision and this morning we got producer prices coming in much cooler than expected.

So what are you expecting, of course.

Next week, but also beyond, yeah, I think the producer price index was quite a surprise.

I don't think anyone was expecting it for it to be much better than expected, but the CPI hasn't been very good and right now the main problem is the unemployment, right?

We're having the labor market, your unemployment's going up.

The labor market is much worse than we all thought because the data hasn't been accurate, so that gives a lot of uncertainty and and volatility, of course, but I think going into the Fed meeting.

We have two options.

We're either going to cut 25 basis points, and it's going to be as everyone is expecting because there's like about a 90% chance it's going to happen, or it's going to be an aggressive cut like last time where the cycle starts with 50 basis points, and I'm not sure that's positive.

I think they'll be too aggres.

I think that will spook the market scare people like, oh my God, they're at admitting they were too late and now they have to start in an aggressive way.

So hopefully we can start with 25 basis points and then build from there.

However, we have to, you know, pay attention because in this context I feel like anything is possible.

Yeah, and we'll have to continue to see how consumer prices come in tomorrow morning as well.

But the downward revision for the annual non-farm payrolls, that was a surprise and it did come in on the higher end.

But Gaby, before I let you go, you're here on Wednesday morning and we're awaiting the Clarina IPO.

But last night you were here for an event, a blockchain event.

So give us your quick take on that.

Yes.

I think blockchain is obviously the future and being here at that amazing private exclusive event networking with all the leaders from blockchain and all, you know, the leading crypto platforms, I think for me was a symbol of what's coming, right?

This is just the beginning.

I really truly believe for AI, for crypto, for blockchain, we're at the beginning stages, so.

The investment potential in those industries, it's hard to visualize now because there's so much that's coming up.

I heard about so many projects, so many different launches, so many new ideas, so much innovation, and I think that's where the money is.

Well, we'll have to continue to keep our eyes on what happens in crypto and blockchain, as always, Gaby, great to have you here.

Thank you so much.

Thank you so much for joining me.