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Apple Pushes into Enterprise Space with Deloitte Partnership

Zacks Equity Research
Updated

Apple Inc. AAPL yesterday announced that it is forming a strategic partnership with Deloitte in order to advance its iOS enterprise offerings using iPhone and iPad.

As a part of this deal, Apple will get access to approximately 5,000 strategic advisors through Deloitte. CEO Tim Cook stated “As the leader in digital transformation strategy, Deloitte is an ideal partner that brings a team of Apple-dedicated strategic advisors to help clients truly revolutionize how they work using iOS, iPhone and iPad.”

This apart, Apple and Deloitte are expanding their collaboration to create new services like EnterpriseNext. This novel service from Deloitte will cater to over 20 industries and will leverage Apple’s enterprise solutions to provide customers with a range of diverse offerings. These include EnterpriseNext Value Maps and EnterpriseNext Workshops, which will have both syndicated and customized enterprise apps. Also, Deloitte, from its global Digital Studios, will have dedicated architects, designers and engineers developing apps for complementing existing business platforms like ERP, CRM, analytics and HR.

Apple has been gradually expanding into the enterprise market, which bodes well for the company, given the higher margins compared with retail offerings. In the past the company has partnered with the likes of International Business Machines Corporation IBM, Cisco Systems, Inc. CSCO and SAP SE SAP to broaden its presence in the market.

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Apple is a Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

APPLE INC Price and Consensus

APPLE INC Price and Consensus | APPLE INC Quote

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