Canaccord analyst T. Michael Walkley updated his model on Apple ahead of its earnings on January 29. The analyst's model reclassified revenues for the amortization of the deferred value of maps, Siri and free iCloud services from the bundled price of iPhone, Macs, and other products to services. He said despite his expectation for slower near-term iPhone sales, he anticipates the company to continue to grow its installed base and believes the company's ecosystem will contribute to ongoing growth. Walkley reiterated his Buy rating and $190 price target on Apple shares.

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Apple plans to spend more than $250M on its regional hub in Singapore, including expanding its campus later in 2024, in an effort to reduce exposure to China and diversify its footprint in Asia, The Wall Street Journal's Amanda Lee reports. The expanded campus will run completely on renewable energy, according to the report. Reference Link

IHG Hotels & Resorts (IHG) launches Apple (AAPL) AirPlay in the first phase of hotel rooms, giving guests the ability to stream content privately and securely from their iPhone or iPad to the TV in their guest rooms. AirPlay is available at more than 60 hotels in North America, including properties like InterContinental Buckhead Atlanta, Hotel Indigo NYC Downtown - Wall Street and Holiday Inn & Suites Ottawa Kanata. IHG is the first hospitality company to provide AirPlay functionality as part of its in-room entertainment experience.