|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's Range||219.13 - 220.82|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||18.74|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||3.08 (1.40%)|
|1y Target Est||224.48|
Shailene Woodley thinks the OTT/Streaming wars are good for Hollywood by creating opportunity for everyone in the industry.
U.S. District Judge William H. Orrick today issued an order certifying a class of consumers against Apple in a class-action lawsuit accusing the tech company of issuing refurbished replacement products to consumers under its AppleCare and AppleCare+ protection plans, despite promises of “new or equivalent to new” replacements, according to Hagens Berman. As cited in the judge’s order, Apple’s records show it sold more than 3 million AppleCare and AppleCare+ service plans, where it provided at least one replacement device, many of which were remanufactured. The lawsuit, filed July 20, 2016, in the U.S. District Court for the Northern District of California, seeks compensation for iPhone, iPad or iPod owners who bought AppleCare or AppleCare+ coverage.
Apple announced three new iPhones last week. Its new line of iPhones will be critical to its revenue growth in the upcoming holiday season and beyond.
Apple-backed DiDi Chuxing has received a license to operate a fleet of self-driving cars on a pilot basis in part of the Jiading district in Shanghai.
Apple's new products, Goldman's reservations about the stock, iPhone security issues and its trillion-dollar valuation are the highlights of this roundup.
(Bloomberg) -- Mike Muller, the co-founder and chief technology officer of ARM Holdings Plc, will retire at the end of the month, marking an end of an era for the U.K. chip designer.Muller, 60, had served as the Cambridge, England-based company’s CTO for nearly 20 years, according to its website. It wasn’t immediately clear who would replace him, a company spokesman said.ARM was the U.K.’s largest listed technology company, receiving royalties from companies such as Apple Inc. and Samsung Electronics Co., when Masayoshi Son’s SoftBank Group Corp. bought it for $32 billion in 2016. Change came fast after Son’s investment, with the company adding about 2,000 employees and making plans for a new 48-million pound ($60 million) building on the Cambridge campus. Muller had called the building, with a 180-meter (590-foot) long atrium and floating staircases, “quietly understated.”Following the takeover from SoftBank, what was once seen as a successful if sleepy U.K. tech company was soon told to transform itself into a fast-growing startup similar to SoftBank’s other tech investments. Son has said he wants to relist ARM in the next five years and Chief Executive Officer Simon Segars said ARM is investing heavily attempting to break into high-end computing and to become central to self-driving car technology.Last year, the company made its biggest acquisition in 14 years, spending $600 million for a data analytics startup in an attempt to build out its internet-of-things division.Muller was one of about 16 founders when ARM was created in 1990 of which a handful remain. A Cambridge University alum, he also acts as a non-executive director of Cambridge Innovation Capital, which funds companies that start in the school or the “Cambridge ecosystem.”(Updates with details about Son’s investment in the third paragraph.)To contact the reporter on this story: Amy Thomson in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Molly Schuetz, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
HBO Max, the upcoming streaming service from AT&T Inc's WarnerMedia, has secured exclusive five-year streaming rights in the United States to all 12 seasons of comedy hit "The Big Bang Theory". Ranked as the No. 1 comedy on U.S. television for the past seven years, the show has garnered an audience of some 20 million people. The rights for the show cost HBO Max between $500 million and $600 million, a source familiar with the matter told Reuters.
A snapshot of the IBD 50 shows that return on equity, a key earnings gauge, has risen sharply in recent years. But ROE alone should not be used in choosing stocks to buy.
Healthcare battle is heating up with the growing proliferation of fitness trackers being offered by Apple (AAPL), Fitbit, Garmin and others.
(Bloomberg) -- NBCUniversal revealed the name and initial lineup for its new online TV platform, aiming to challenge Netflix Inc. and other streaming rivals with more than 15,000 hours of programming.The service, slated to debut in April 2020, will be called Peacock, a tip of the hat to NBC’s logo. It will include reruns of NBC shows, including “The Office” and “Parks and Recreation,” as well as a slate of original shows, the Comcast Corp. division said on Tuesday.Peacock will join a crowded field of streaming services, all of which are fighting for TV viewers’ eyeballs and wallets. Walt Disney Co. and Apple Inc. are both launching offerings in November, while AT&T Inc.’s WarnerMedia is readying a product for early next year.Peacock’s original programming will include a “Battlestar Galactica” reboot from “Mr. Robot” creator Sam Esmail and the drama “Dr. Death” starring Alec Baldwin. It also will feature comedies from the likes of Jimmy Fallon, Seth Meyers and Lorne Michaels.The company will draw heavily on its vault of content. In addition to streaming reruns, Peacock will reboot the comedies “Saved by the Bell” and “Punky Brewster.”Peacock also will offer more than 3,000 hours of Spanish-language programming from Telemundo.To contact the reporter on this story: Nick Turner in Los Angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Just as the Fed is set to ponder an interest rate cut amid fears of a US slowdown, the People’s Bank of China has kept its one-year interest rate steady.
Netflix's (NFLX) acquisition of streaming rights of popular comedy Seinfeld will help it fill up the gap in its content portfolio post the departure of shows like Friends and The Office.
Since the first iPhones hit the market in 2007, the glass on every iPhone sold has been produced at Corning’s Harrodsburg, Kentucky, plant. Apple and Corning did not disclose the terms of the deal. In the past, Apple has made long-term supply agreements https://www.reuters.com/article/us-apple-finisar/apple-grants-390-million-to-finisar-to-boost-laser-chip-production-idUSKBN1E71EA with its vendors in which it provides upfront cash to lock in supplies of parts and better prices.
Investing.com -- Saudi Arabia updates the world on the outlook for restoring lost oil supplies, while the Federal Reserve begins a two-day policy meeting that's still - just - expected to end in what would be the second 25 basis-point cut in the target range for Fed funds this year. And there's mixed news on the IPO front. Here's what you need to know in financial markets on Tuesday, 17th September.
Apple® today announced it is awarding $250 million from its Advanced Manufacturing Fund to Corning Incorporated, supplier of precision glass for iPhone®, Apple Watch® and iPad®. “Apple and Corning’s rich history dates back more than a decade, and our partnership revolutionized glass and transformed the technology industry with the first iPhone,” said Jeff Williams, Apple’s chief operating officer.
The European Union's order to Apple to pay 13 billion euros (£11.3 billion) in back taxes "defies reality and common sense", the U.S. firm said as the two sides sparred in a case key to the EU's crackdown on sweetheart deals to multinationals. The iPhone maker is appealing to Europe's second highest court to overturn the European Commission's 2016 ruling that it pay the record sum to Ireland. Ireland, whose economy has benefited from investment by multinational companies attracted by low tax rates, is also challenging the Commission's decision.
Investing.com - U.S. futures were slightly lower on Tuesday as heightened geopolitical risk and fading hopes for an interest rate cut from the Federal Reserve weighed on sentiment.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Bill Gates, who knows a thing or two about antitrust investigations, doesn’t think it’s a good idea to break up the biggest U.S. tech companies as some politicians have suggested.The Microsoft Corp. co-founder and former chief executive officer battled the Justice Department for years in the late 1990s in a bruising antitrust case. At issue was the software giant’s bundling of its Internet Explorer browser to Windows as a way to maintain its dominance in PC operating systems. Ultimately Microsoft remained intact.Two decades later, Microsoft is one of the few big U.S. technology companies not under regulatory scrutiny in Washington. The Justice Department, the Federal Trade Commission, state attorneys general and a congressional committee are all scrutinizing so-called Big Tech -- companies from Alphabet Inc.‘s Google to Facebook Inc. and Amazon.com Inc. -- that Washington has concluded have gotten too big and too powerful. Senator Elizabeth Warren, a presidential candidate, has made a forceful and detailed plan about how she would go about breaking them up.Gates disagrees. “You have to really think; is that the best thing?” Gates said in an interview on Bloomberg TV. “If there’s a way the company’s behaving that you want to get rid of, then, you should just say, ‘Okay, that’s a banned behavior.’ But splitting the company in two, and having two people doing the bad thing-- that doesn’t seem like a solution.”Microsoft narrowly avoided a breakup when a federal appeals court reversed a lower court ruling ordering the software company to be split. The company has bounced back to top Apple Inc. and Amazon as the stock market’s most valuable company, buoyed by optimism about its cloud business, and on some investors’ belief that Microsoft is a safe haven as U.S. and European regulators sharpen their scrutiny of others in the sector.Lawmakers including David Cicilline, who is leading the House antitrust subcommittee’s inquiry into large internet companies, has asked them for detailed information about acquisitions, business practices, executive communications, previous probes and lawsuits. The panel has also asked for information from customers of those big companies, asking about mobile apps, social media, messaging, cloud computing and more. Virtually every aspect of the companies’ business is under the microscope.“It’s a pretty narrow set of things that I think breakup is the right answer to,” Gates said. “These companies are very big, very important companies. So the fact the governments are thinking about these things, that’s not a surprise.”Gates said Microsoft’s own antitrust scrutiny has made the company “more thoughtful about this kind of activity.” In his view, companies like Google and Amazon the rest are “behaving totally legally. They’re doing a lot of innovative things.”To contact the reporters on this story: Molly Schuetz in New York at email@example.com;Erik Schatzker in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Sara FordenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Berkshire Hathaway CEO Warren Buffett has spoken openly about his stock repurchasing strategy, calling it "simple arithmetic." How does he do it?
In a research note released yesterday, Apple (AAPL) analyst Ming Chi Kuo noted that more people from the US could choose the iPhone Pro than the iPhone 11.