|Bid||312.10 x 3000|
|Ask||312.38 x 900|
|Day's Range||310.50 - 320.42|
|52 Week Range||169.50 - 327.85|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||24.86|
|Earnings Date||Apr. 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||3.08 (0.96%)|
|Ex-Dividend Date||Feb. 06, 2020|
|1y Target Est||333.31|
U.S. stocks sold off on Friday as a spike in new coronavirus cases in China and other countries and as data showing U.S. business activity stalled in February fueled investors' fears about the economy. Declines on Friday were led by heavyweights Microsoft Corp , Amazon.com Inc and Apple Inc for a second straight day. Chipmakers, with strong ties to China for revenue, also fell sharply, with the Philadelphia Semiconductor index falling 3%.
Global equity markets slumped on Friday as the fast-spreading coronavirus drove investors into safe havens, with gold hitting a fresh seven-year high and the yield on the 30-year U.S. Treasury bond sliding to an all-time low. The virus has emerged in 26 countries and territories outside mainland China, killing 11 people, according to a Reuters tally. Data shows mainland China had 889 new confirmed cases and 118 deaths, with most of those in the provincial capital of Wuhan, which remains under virtual lockdown.
U.S. stock indexes fell on Friday after data showed U.S. business activity stalled in February, while a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds. Declines on Friday were led by heavyweights Microsoft Corp , Amazon.com Inc and Apple Inc for a second straight day.
The Zacks Analyst Blog Highlights: Microsoft, Netflix, Adobe, International Business Machines and Apple
U.S. stock index futures lurched downwards on Friday as a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds. The risk-off mood was exacerbated by data showing Japan's factory activity suffered its steepest contraction in seven years in February, underlining the risk of a recession in the world's third-largest economy as the outbreak takes a toll on global growth. With massive disruptions in supplies from China, parts shortages are hitting businesses as far away as the United States.
(Bloomberg) -- Many iPhone users are wed to Apple Inc.’s ecosystem, but the latest Galaxy device from Samsung Electronics Co. may finally get them to turn a curious eye.The Galaxy Z Flip is Samsung’s second try at a compelling foldable device after last year’s Galaxy Fold. This sophomore effort costs a less astronomical $1,380, fits into much smaller pockets and opens and closes just like the flip handsets of years past.The reactions -- at least in Samsung’s home base of South Korea -- to the foldable Z Flip have been instant and infectious. For a gadget intended to attract attention, this rethinking of the Android smartphone is off to a solid start. The Flip was released on Valentine’s Day and sold out on the first day in several key markets. It’s out of stock now on Samsung’s website, which went down for two hours around midnight Friday after a limited edition designed by Thom Browne went on sale. Posts of creative Flip accessorization are gaining traction on Twitter and Instagram. In a world of me-too mobile devices, the Z Flip is eye-catching. But it’s also an absolute fingerprint magnet that requires tender use and care.“I’ve always stuck to the iPhone, but this is the most tempting moment to consider switching to Galaxy,” said Kyuhee Kang, a 29-year-old designer in Tokyo who’s been an Apple loyalist since the iPhone 4.Read more: Samsung Bets on Big Camera Upgrade in Galaxy S20, Unveils Z FlipThe 6.7-inch screen of the Galaxy Z Flip collapses into a palm-sized square akin to a Chanel compact -- and Samsung encourages that luxury association with high-gloss finishes and a limited edition in collaboration with designer Browne.Priced between the upgraded versions of Apple’s iPhone 11 Pro Max and 11 Pro, the Flip is a premium offering that Samsung wants to differentiate. There’s a certain nostalgic tug about answering calls by opening the gadget, then hanging up by snapping it shut. At the same time, it’s such a large device that if I were to operate it single-handedly every time I’d quickly develop thumb or wrist strain. Two hands are required for safety.The still-nascent foldables category has two huge hurdles to overcome: proving its durability and offering sufficient, not necessarily superlative, specs. Motorola’s Razr, a close competitor to Samsung’s Z Flip, is thought to be fragile by at least one reviewer and is a step behind on almost every front: the camera, battery life, processor and display are all underwhelming.Motorola’s $1,500 Razr Reboot Feels More Prototype Than PremiumTrue to its spec-obsessive pedigree, Samsung made sure the Z Flip is well stocked in most categories, though the Z Flip is noticeably behind on battery life. It has a large display but its battery is segmented in two because of the space requirements of its hinge, so it’s smaller. That hinge applies lessons learned from the Galaxy Fold and feels rigid and strong. One early Z Flip owner, however, managed to break his device’s display by merely flipping it open, and there’s been a controversy online about how easily the Flip’s ultra-thin glass gets scratched. Samsung says there’s a protective layer atop the glass and that’s what testers are able to scuff.The hinge enables the Z Flip to stand at a variety of angles much like a laptop. This has allowed me to record my four-month-old puppy’s first bathing moment and shoot time-lapses of snowy scenes without a tripod. Couples may like the split-screen mode that lets them message each other on one half of the screen while watching or playing something on the other. The phone also becomes its own stand for watching videos and taking selfies.Samsung still has room for improvement on the design of its foldables, which feature a chunky bezel that doesn’t sit flush with the display and thus prevents smooth swipes from the edge of the screen -- required by Samsung’s own user interface. The Z Flip also has an underwhelming mono speaker. Last but not least, the 1.1-inch front display is too small to show anything more useful than an icon signifying the type of notification received.Will iPhone fans end up abandoning their iMessages and Apple Music playlists? Probably not that many for this Flip generation, as the balance between price, benefits and compromises still has a way to go. But Samsung has crafted the most refined and fully featured foldable device to date. It won’t move the entire market just yet, but it’s stirring the interest that may yet make the foldable category a success.(Updates with Samsung website outage in the third paragraph)To contact the reporter on this story: Sohee Kim in Seoul at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Vlad SavovFor 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.
Quibi, the mobile-only streaming service from Jeffrey Katzenberg, is now open for pre-orders. The company declined to fully show off its app only a month ago during demos of its "TurnStyle" technology at the Consumer Electronics Show in Las Vegas, but it appears the app is ready nonetheless. Quibi is listed on both Apple's App Store and Google Play, where it's been given a pre-order date of April 6, 2020 -- the date Quibi's new service goes live.
"The overlying question is the uncertainty over the coronavirus and whether it's going to spread further and impact global economic activity before things stabilize and ultimately get better," said Michael Sheldon, executive director and CIO at RDM Financial Group at Hightower in Westport, Connecticut. The Dow Jones Industrial Average fell 161.99 points, or 0.55%, to 29,186.04, the S&P 500 lost 17.31 points, or 0.51%, to 3,368.84 and the Nasdaq Composite dropped 81.81 points, or 0.83%, to 9,735.37. Recent policy easing by China, a largely better-than-expected fourth-quarter earnings season and hopes that the economic jolt from the coronavirus will be short-lived have pushed Wall Street's main indexes to new highs in recent weeks.
U.S. stock indexes fell about 1% on Thursday, dragged down by technology heavyweights, as investors fretted over a rise in the cases of coronavirus and its economic impact. Declining issues outnumbered advancers for a 1.23-to-1 ratio on the NYSE and for a 1.68-to-1 ratio on the Nasdaq.
Apple has become embroiled in a publishing row in Germany after it tried to halt sales of a book written by a former executive, saying it disclosed secrets about the App Store. 'App Store Confidential', by self-styled German rapper, ski instructor and marketing manager Tom Sadowski, is part autobiography and part self-help guide for Generation Z readers looking to navigate their way into the tech scene. Until late last year, Sadowski was the head of Apple App Store in Germany.
The Zacks Analyst Blog Highlights: Microsoft, International Business Machines, Intel, Apple and Amazon.com
Boston Beer Company, Spirit AeroSystems, Apple, Starbucks and Carnival highlighted as Zacks Bull and Bear of the Day
A stable U.S. economy, an accommodative Fed and better-than expected corporate earnings and guidance is only going to add fuel to stock market momentum.
(Bloomberg) -- Apple Inc. is considering giving rival apps more prominence on iPhones and iPads and opening its HomePod speaker to third-party music services after criticism the company provides an unfair advantage to its in-house products.The technology giant is discussing whether to let users choose third-party web browser and mail applications as their default options on Apple’s mobile devices, replacing the company’s Safari browser and Mail app, according to people familiar with the matter. Since launching the App Store in 2008, Apple hasn’t allowed users to replace pre-installed apps such as these with third-party services. That has made it difficult for some developers to compete, and has raised concerns from lawmakers probing potential antitrust violations in the technology industry.The web browser and mail are two of the most-used apps on the iPhone and iPad. To date, rival browsers like Google Chrome and Firefox and mail apps like Gmail and Microsoft Outlook have lacked the status of Apple’s products. For instance, if a user clicks a web link sent to them on an iPhone, it will automatically open in Safari. Similarly, if a user taps an email address -- say, from a text message or a website -- they’ll be sent to the Apple Mail app with no option to switch to another email program.The Cupertino, California-based company also is considering loosening restrictions on third-party music apps, including its top streaming rival Spotify Technology SA, on HomePods, said the people, who asked not to be named discussing internal company deliberations.Read more: Apple’s Default iPhone Apps Give It Growing Edge Over App Store RivalsApple’s closed system to prohibit users from setting third-party apps as defaults was questioned last year during a hearing of a U.S. House of Representatives antitrust panel. Lawmakers pressed the issue of whether iPhone users can make non-Apple apps their defaults in categories including web browsers, maps, email and music.Being a default app on the world’s best-selling smartphone is valuable because consumers are subtly coaxed and prodded into using this more-established software rather than alternatives. Keeping users tethered to Apple’s services is important to the company as the growth of smartphone demand slows and sales of music, video, cloud storage and other subscriptions make up a greater share of the iPhone maker’s total revenue.An Apple spokesman declined to comment.The company currently pre-installs 38 default apps on iPhones and iPads, Bloomberg News has reported, including the Safari web browser, Maps, Messages and Mail.Last year, Stockholm-based Spotify submitted an antitrust complaint to the European Union, saying Apple squeezes rival services by imposing a 30% cut for subscriptions made via the App Store. Apple responded that Spotify wants the benefits of the App Store without paying for them. As part of its complaint, Spotify singled out the inability to run on the HomePod and become the default music player in Siri, Apple’s voice-activated digital assistant.Now, Apple is working to allow third-party music services to run directly on the HomePod, said the people. Spotify and other third-party music apps can stream from an iPhone or iPad to the HomePod via Apple’s AirPlay technology. That’s a much more cumbersome experience than streaming directly from the speaker.Opening the HomePod to additional music service may be a boon for the product. The speaker has lagged behind rivals like the Amazon Echo in functionality since being introduced in 2018 and owns less than 5% of the smart-speaker market, according to an estimate last week from Strategy Analytics.Also under discussion at Apple is whether to let users set competing music services as the default with Siri on iPhones and iPads, the people said. Currently, Apple Music is the default music app. If the company changes the arrangement, a user would be able to play music from Spotify or Pandora automatically when asking Siri for a song.The potential changes to third-party apps on Apple’s devices and the HomePod are still under discussion or early development, and final decisions haven’t been made, the people said. If Apple chooses to go forward with the moves, they could appear as soon as later this year via the upcoming iOS 14 software update and a corresponding HomePod software update, the people said.Apple typically announces major new iPhone and iPad software versions in June, and releases them in September around the launch of new iPhone models. For this year’s update, Apple is also planning to focus on performance and quality because the current version, iOS 13, has been riddled with bugs that upset some users.To contact the reporter on this story: Mark Gurman in Los Angeles at firstname.lastname@example.orgTo contact the editors responsible for this story: Tom Giles at email@example.com, Andrew Pollack, Robin AjelloFor 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.
This week, stocks sold off after Apple, Walmart and multiple other U.S. companies warned that revenue will be lower than expected for Q1 2020 due to the China coronavirus outbreak. Actionable stocks making moves on IBD Live included Nvidia, Netflix, Domino's Pizza, Microsoft and more.