AAPL - Apple Inc.
317.90 -0.41 (-0.13%)
After hours: 6:26PM EST
| Previous Close | 319.23 |
| Open | 320.25 |
| Bid | 318.20 x 1300 |
| Ask | 318.20 x 1000 |
| Day's Range | 317.53 - 323.32 |
| 52 Week Range | 153.66 - 323.32 |
| Volume | 33,995,407 |
| Avg. Volume | 27,213,233 |
| Market Cap | 1.395T |
| Beta (5Y Monthly) | 1.24 |
| PE Ratio (TTM) | 26.77 |
| EPS (TTM) | 11.89 |
| Earnings Date | Jan. 27, 2020 |
| Forward Dividend & Yield | 3.08 (0.96%) |
| Ex-Dividend Date | Nov. 06, 2019 |
| 1y Target Est | 291.65 |
- Yahoo Finance
Stock market news live: Stocks end week lower as confirmed cases of coronavirus rise
Headlines moving the stock market in real time.
ReutersUS STOCKS-Wall Street set for weekly loss on gathering virus fears
Wall Street lost ground on Friday as mounting worries over the scope of the coronavirus outbreak overshadowed positive corporate earnings. All three major U.S. stock averages extended their losses after the Centers for Disease Control and Prevention confirmed the second case of the virus on U.S. soil, this time in Chicago. For the holiday-shortened week, all three indexes are on course to post a decline with the Nasdaq set to snap a six-week winning streak.
- Zacks
What Makes Apple (AAPL) a Strong Momentum Stock: Buy Now?
Does Apple (AAPL) have what it takes to be a top stock pick for momentum investors? Let's find out.
- Reuters
US STOCKS-Wall St slides on coronavirus fears, Intel limits losses
U.S. stocks fell on Friday amid renewed concerns over the spreading of a coronavirus outbreak from China, offsetting strong gains for Intel. Airlines and travel stocks fell again, with United Airlines Holdings Inc and American Airlines Group Inc shedding about 4%. "It has taken the wind out of the market, because for now other than (Intel and American Express) we have stocks coming under some selling pressure," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
ReutersUS STOCKS-Wall St bogged down by China virus fears, Intel limits losses
Wall Street came under pressure on Friday as investors sold energy, financial and healthcare stocks on mounting fears over the coronavirus outbreak in China, while strong gains for chipmaker Intel limited losses on the main indexes. The U.S. Centers for Disease Control and Prevention said a traveler from Wuhan, China had been diagnosed with the coronavirus in Chicago, Illinois, making it the second confirmed case of the virus in the country. The virus outbreak in China has killed 26 people and infected more than 800 in the past week, raising concerns about its fallout on the global economy.
- Zacks
Intel's (INTC) Q4 Earnings Beat, DCG Growth Aids Revenues
Intel's (INTC) fourth-quarter 2019 results benefit from growth in the data-centric businesses, driven by robust adoption of high-performance products, including Xeon Scalable processors.
- Zacks
The Zacks Analyst Blog Highlights: AAPL, CEVA, FIVN, SIMO and MKSI
The Zacks Analyst Blog Highlights: AAPL, CEVA, FIVN, SIMO and MKSI
- Zacks
Dynatrace (DT) to Post Q3 Earnings: What's in the Offing?
Dynatrace's (DT) third-quarter fiscal 2020 earnings are likely to have gained from solid adoption of its Software Intelligence Platform.
- Bloomberg
Google and Apple Clash Over Web Browser Privacy
(Bloomberg) -- Google engineers said a tool Apple Inc. developed to help users avoid web tracking is fundamentally flawed and creates more problems than it solves.The Intelligent Tracking Prevention feature on Apple’s Safari web browser, which is meant to block tracking software used by digital advertisers, can be abused to do the exact opposite, according to a paper released Wednesday by Google researchers. Google told Apple about the problem in August, and in December the iPhone maker published a blog post saying it had fixed the issues and thanking Google for its help.But Wednesday’s paper concluded that the problems go beyond the issues that Apple addressed. Instead of making a big list of cookies to block, Apple’s ITP continuously learns what websites users visit and which kinds of cookies try to hitch a ride. Over time, this creates unique cookie-blocking algorithms for each web surfer that can be used to identify and track them, according to the paper.“I can assure you that they still haven’t fixed these issues,” Justin Schuh, engineering director for Google’s Chrome browser, said on Twitter. Apple’s December blog post “didn’t disclose the vulnerabilities or appropriately credit the researchers,” he added. Apple said the bugs mentioned in the report were patched in December, but declined to comment further. “Our core security research team has worked closely and collaboratively with Apple on this issue,” a spokesman for Google said. This isn’t the first time the two tech giants have clashed over privacy. Apple Chief Executive Officer Tim Cook has criticized internet companies for collecting too much personal information, and last year Google researchers reported a two-year long vulnerability in the iPhone maker’s software.Google’s Chrome and Apple’s Safari are two of the most popular web browsers, with Chrome used by more people overall but Safari dominating on iPhones. Apple has been touting Safari privacy features to persuade more consumers to use it. Apple first introduced Intelligent Tracking Prevention in 2017. The tool targets cookies, bits of code that let marketers follow people around the web and send them targeted ads.Google refused to block cookies for years, arguing that targeted ads help publishers and keep the internet free. But last week, the internet giant said it would eventually phase them out, setting off a race among advertisers to adapt. Privacy advocates have lauded Apple’s approach to tracking, and criticized Google for taking so long to do the same. But the paper suggests Apple may have to go back to the drawing board to find a new way to block tracking.“This bug is quite counter-intuitive, but rather very serious,” said Lukasz Olejnik, an independent cybersecurity researcher.(Updates with Google statement in fourth paragraph.)To contact the reporter on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Will GPU Adoption & EPYC Deal Wins Aid AMD's Q4 Earnings?
Robust adoption of Advanced Micro Devices (AMD) graphics cards and EPYC deal wins are expected to have driven top-line growth in fourth-quarter 2019.
- Zacks
ServiceNow (NOW) to Report Q4 Earnings: What's in the Cards?
ServiceNow's (NOW) fourth-quarter 2019 results are likely to benefit from expansion in global footprint and clientele, both private and public.
- Zacks
Lam Research (LRCX) to Report Q2 Earnings: What's in Store?
Lam Research's (LRCX) fiscal second-quarter results are likely to benefit from strength in non-memory markets and robust equipment demand. However, PC volatility & competition may have been concerns.
- Zacks
Tech Daily: Netflix Earnings, Analyst Opinion, iPhone Demand, More
Netflix Earnings, Analyst Opinion, iPhone Demand and much more is covered in this digest.
- Bloomberg
Sonos Apologizes After Backlash Over Updates for Aging Speakers
(Bloomberg) -- Sonos Inc. Chief Executive Officer Patrick Spence apologized to customers after a backlash over the company’s plan to halt software updates for older products.The Santa Barbara, California-based speaker maker earlier this week said it would stop providing updates and new features for speakers launched in the 2000s, including the Connect, ZonePlayer, the original Play:5 and Bridge.The company warned that even if customers only had one older speaker, their entire Sonos sound systems might lose access to services and functionality would “eventually be disrupted.” It also suggested users buy new speakers with a 30% credit for each legacy device traded in. Sonos devotees quickly went berserk on social media, accusing the company of purposely degrading existing hardware to spur new sales.“I have over 1000USD of *speakers* that must be retired now? Terrible product life cycle support,” Scott Jenson, a longtime Google executive, wrote on Twitter. “I clearly have no choice to upgrade but I’m certainly NOT going to trust my money with Sonos ever again.”In a statement Thursday, Sonos didn’t reverse the decision to nix software updates in May, but pledged to keep older speakers “updated with bug fixes and security patches for as long as possible.” The company also said it would “work to offer an alternative solution” to major issues that can’t be addressed.“We heard you. We did not get this right from the start. My apologies for that and I wanted to personally assure you of the path forward,” Spence wrote in a letter posted on Sonos’s blog. “First, rest assured that come May, when we end new software updates for our legacy products, they will continue to work as they do today. We are not bricking them, we are not forcing them into obsolescence, and we are not taking anything away.”Sonos’s original announcement suggested that legacy products would eventually stop working with newer speakers. On Thursday, the company said that would no longer be the case. “We are working on a way to split your system so that modern products work together and get the latest features, while legacy products work together and remain in their current state,” Spence wrote. Jenson applauded the response on Twitter Despite the backlash, it’s common for technology companies to cut off software updates for older devices. Apple Inc.’s latest iOS operating system doesn’t support iPhones sold before 2015 and iPads made before 2014. That spurs millions of people to spend hundreds of dollars buying new handsets.Apple’s Lower Prices, Users’ Aging Handsets Drive IPhone DemandSonos is under pressure from larger rivals including Apple, Amazon.com Inc. and Google, which sell internet-connected speakers with digital assistants built in. Sonos sued Google recently, accusing the tech giant of ripping off its designs.Spence testified at a Congressional antitrust hearing this month and argued that Sonos was different from larger rivals because it supports products for many years. “Our business model is simple — we sell products which people pay for once, and we make them better over time with software updates,” Spence said.Some users on Twitter quickly contrasted that statement with this week’s decision to end software updates on many speakers.To contact the reporter on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Qorvo and Skyworks Weigh Bids for Broadcom’s RF Chip Unit
(Bloomberg) -- Semiconductor makers Qorvo Inc. and Skyworks Solutions Inc. are weighing bids for Broadcom Inc.’s wireless-chip business, which could fetch about $10 billion in a sale, according to people familiar with the matter.Other potential buyers could be interested, said the people, who asked to not be identified because the matter isn’t public. The unit makes radio-frequency, or RF, chips.A final decision hasn’t been made and Qorvo and Skyworks may opt not to proceed with offers, they said.A representative for Broadcom declined to comment. Representatives for Qorvo and Skyworks didn’t respond to requests for comment.Broadcom on Thursday disclosed new agreements to provide components for Apple Inc. devices for several years. The disclosure lets potential acquirers of the radio frequency unit know that they’re buying into a substantial business relationship with Cupertino, California-based Apple.The potential sale comes as Broadcom Chief Executive Officer Hock Tan -- fresh off a $10.7 billion takeover of Symantec Corp.’s security software unit -- seeks to focus on businesses with strong share in profitable markets that don’t require excessive investment. He’s jettisoning components that don’t fit that plan. Broadcom agreed to sell a cybersecurity services business this month to Accenture Plc.The RF unit’s chips are used to filter and amplify radio frequency signals. Its filters also let wireless communications systems support a large number of subscribers at the same time by ensuring that voice and data streams don’t interfere with each other.The Wall Street Journal reported in December that Broadcom was seeking a buyer for the division.To contact the reporters on this story: Ed Hammond in New York at ehammond12@bloomberg.net;Liana Baker in New York at lbaker75@bloomberg.net;Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Alistair Barr at abarr18@bloomberg.net, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Apple, Broadcom Strike $15 Billion Worth of Chip-Supply Deals
(Bloomberg) -- Broadcom Inc. disclosed new agreements to provide components for Apple Inc. devices released through the middle of 2023.The San Jose, California-based chipmaker said it entered into two multiyear pacts “for the supply of a range of specified high-performance wireless components and modules to Apple for use in its products.” That’s in addition to another similar agreement that Broadcom reached with Apple in 2019. The three deals could generate about $15 billion in future revenue, Broadcom added.Broadcom shares rose more than 2% in late trading, while rival Skyworks Solutions Inc. dropped as much as 7.7%. Broadcom is a major Apple supplier, providing radio-frequency chips that let iPhones, iPads and Apple Watches connect to cellular data networks. Broadcom has also supplied other components to Apple, including chips for connecting devices to Wi-Fi networks.Broadcom put its radio frequency chip unit up for sale last year. Thursday’s disclosure lets potential acquirers know that they’re buying into a substantial business relationship with Cupertino, California-based Apple.Apple typically reaches long-term deals with major suppliers, but the company is also developing its own components.To contact the reporter on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Sky News
Apple says EU's universal charger proposal would create 'unprecedented electronic waste'
Forcing Apple to adopt a universal charger would create "an unprecedented volume of electronic waste" and inconvenience millions of people, the tech giant has said. It comes after the European Parliament said a charger should be introduced that fits all mobile phones and portable devices. Apple hit back at the proposal, saying it would "stifle innovation" and cause a headache for customers who use its bespoke "Lightning" connector.
- Zacks
Comcast Is Entering The Streaming Space With A Different Approach
Streaming is taking over the world of media slowly but surely, and Comcast is pivoting to a strategy that emphasizes "slowly but surely"
- Bloomberg
Software Maker for Apple Devices Jamf Files Confidentially for IPO
(Bloomberg) -- Jamf Software LLC, which makes tools for enterprises to manage Apple Inc. devices, has filed confidentially for an initial public offering, according to people familiar with the matter.Jamf, backed by the buyout firm Vista Equity Partners, will seek to be valued at about $3 billion in a listing, said one of the people, who asked not to be identified because the matter was private.The Minneapolis-based company’s software provides enterprise and security functionality for Apple products for use in business, education and government.Jamf makes MDM -- mobile device management -- software that lets organizations manage large numbers of iPhones, Macs, Apple TVs, and iPads. The software, for example, allows a company update the software on all of its Apple devices at the same time.Jamf Chief Executive Office Dean Hager declined to comment on the company’s plans. A representative for Vista also declined to comment.The software company is working with banks including Goldman Sachs Group Inc. on the listing, the people said. A representative for Goldman declined to comment.The company’s filing with the U.S. Securities and Exchange Commission hasn’t been made public and its plans could change, the people said. An IPO could go ahead this year, though the timing hasn’t been set, they said.Apple EcosystemA public offering by Jamf would be one of the first for a software maker that’s mostly within the Apple ecosystem. It could also further propel what has been a healthy segment for IPOs. Shares of the 20 software companies that went public in the U.S. last year are up 45% compared with an increase of 28% overall, according to data compiled by Bloomberg.Jamf’s products are used to manage more than 15 million Apple devices, according to its website. Jamf said it has 35,000 customers and 1,000 employees in 10 countries.Jamf sells its products on a subscription basis and had revenue of about $220 million in 2019, one of the people said.Its major customers include SAP SE and Salesforce.com Inc., according to its website. The company works closely with Apple to develop its software, which is compatible with Apple’s own device management tools.Vista acquired a majority stake in Jamf for undisclosed terms in 2017.To contact the reporters on this story: Liana Baker in New York at lbaker75@bloomberg.net;Mark Gurman in Los Angeles at mgurman1@bloomberg.net;Kiel Porter in Chicago at kporter17@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, ;Elizabeth Fournier at efournier5@bloomberg.net, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
What Investors Can Expect from Microsoft's Q2 Earnings & Beyond
Microsoft shares have surged 55% in the last year. Here's what investors can expect from the tech giant's Q2 fiscal 2020 earnings results and beyond...
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