Any Apple shareholders who were underwhelmed by the launch of the iPhone 15 may want to focus on the bigger picture.
The key is cash flow. The iPhone only has about a 15% market share among smartphones, and it’s neither the highest-spec nor the cheapest of what’s on offer. But it offers an ecosystem of support that makes its customers very loyal. Services such as Apple Pay also make it sticky. Try your hand at this morning’s Barron’s Daily crossword puzzle and sudoku games. For all games, including a digital jigsaw based on the week’s cover story, click here.
What’s Next: The trial is scheduled to run through mid-November. U.S. District Judge Amit Mehta could order a breakup of the company or changes to the way Google promotes its search engine. A ruling against Google would trigger a separate trial to decide how to fix the conduct.***Walmart Boss Says Consumers Are Resilient, Still Spending Walmart CEO Doug McMillon said the company is feeling “pretty good” about where American consumers are heading, before the holiday shopping season.