First thought when laying eyes on the reportedly finished Apple (AAPL) iPhone 8: meh.
Images claiming to be of a completed iPhone 8 are circulating Twitter (see below), and one would be remiss for not saying the device's design is a little bit disappointing. Perhaps the build-up to the iPhone 8 has been so great that nothing the tech giant releases will be visually pleasing. But still, the pictures show a supposed iPhone 8 that lacks some wow compared to the newest from Samsung. Obviously, this may not be the actual iPhone 8. And of course, if it is, we aren't sure what new features Apple has built into the hardware.
Even still, none of this may matter to iPhone users (or investors) -- they may be finally due for an upgrade.
About 92% of iPhone owners say they are "somewhat likely or "extremely likely" to upgrade their smartphone in the next 12 months, according to a new note from Morgan Stanley. The loyalty rate is up sharply from 86% one year ago.
Morgan Stanley's data is based on an April 2017 survey of 1,000 smartphone owners aged 18 and above in the U.S.
The wildcard: the survey arrives before iPhone users get a look at the price tag on the iPhone 8, which Goldman Sachs thinks could hit the market at a whopping $1,000.
Go ahead, Apple fanboys, you may now rip me to shreds on your lightly read blog.
This article originally appeared at 08:25 ET on Real Money, our premium site for active traders. Click here to get great columns like this from Jim Cramer and other writers even earlier in the trading day.
Read This Or Lose Out
No, Gap isn't a growth juggernaut: In light of the nightmare that is Ascena Retail Group (ASNA) , Gap's (GPS) first quarter, reported Thursday evening, looked pretty good. But, with an enormous store base of more than 3,650 locations globally, by no means is Gap close to setting itself up for success amid the shift to digital shopping. TheStreet's Lindsay Rittenhouse reports on just that here.
Say it ain't so, Joe: Former Vice President Joe Biden told a crowd at the Skybridge Alternatives Conference on Thursday evening that he is unlikely to run for president, TheStreet reports. "Could I? Yes. Would I? Probably no," Biden said. Catch all of TheStreet's coverage of the conference known simply as SALT here. Former heavyweight champion Mike Tyson will close out the conference with a speech on Friday. It may be fun tracking #SALT2017 to see what he has to say...
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Bill Ackman keeps it real at SALT: The well-known hedgie thinks the department store is "dead", TheStreet reports. What many in the room probably forgot is that Ackman took a $500 million bet on J.C. Penney (JCP) back in 2013. He bet the retailer would be transformed under the leadership of former Apple executive Ron Johnson. Ultimately, Ackman bet very wrong.
Trump will have his @ss kissed on Saudi trip: President Trump is off on bis first foreign tour, making an initial stop in Saudi Arabia. As The Associated Press reports, the Saudis are pulling out all the stops for Trump's visit. They have invited Trump bestie and Fox News host Bret Baier and country singer Toby Keith, who will obviously perform.
This is one expensive paint job: A 1982 artwork by Jean-Michel Basquiat sold for a record $110.5 million at a Sotheby's auction on Thursday night, ABC News reports. It was originally bought by the now former owner in 1984 for $19,000. Who said investing in stocks is the only way to grow your money?
I am happy to announce that I just won this masterpiece. When I first encountered this painting, I was struck with so much excitement and gratitude for my love of art. I want to share that experience with as many people as possible. バスキア落札しました。アートを好きになってよかった。このペインティングをはじめて見た時、心からそう思いました。みなさんにも見てもらえる機会を作れたらいいなと思っています。 #jeanmichelbasquiat #basquiat #バスキア #ありがとう @sothebys
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Simmer down, young buck: Shareef O'Neal, the son of basketball legend Shaquille O'Neal, is a highly touted high school basketball player headed to Arizona for college. But before then, he would like to challenge the best player in the world, LeBron James, to a little one-on-one. "I just feel like, if I do play one-on-one with him, I could have a good chance," O'Neal told BleacherReport. Have to respect the kid's bravado, but LeBron would likely beat him 10-1.
O'Neal highlight reel below.
Editor's Pick: Originally published May 19.