317.45 +0.72 (0.23%)
After hours: 5:16PM EDT
|Bid||317.16 x 900|
|Ask||317.29 x 1100|
|Day's Range||316.50 - 324.20|
|52 Week Range||170.27 - 327.85|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||24.88|
|Earnings Date||Jul. 28, 2020 - Aug. 03, 2020|
|Forward Dividend & Yield||3.28 (1.03%)|
|Ex-Dividend Date||May 08, 2020|
|1y Target Est||308.91|
(Bloomberg) -- GoPro Inc.’s chief hardware designer Danny Coster left the camera maker earlier this year after joining from Apple Inc.’s design team four years ago.“After nearly four years at GoPro where Danny was instrumental in transforming our design function, Danny decided to take his career expertise and family back to his native New Zealand to begin a new chapter of his life,” a spokesman for San Mateo, California-based GoPro told Bloomberg News. Coster’s last day at the company was in February, the spokesman added.In April, GoPro cut more than 20% of its workforce, shifted its sales strategy away from physical retail to direct-to-consumer, and cut its 2020 financial guidance due to the Covid-19 pandemic. Still, action camera hardware is key to GoPro’s future, and the departure of Coster means the loss of an influential product and design leader.Read more: GoPro Cuts More Than 20% of Workforce, Changes Sales StrategyCoster joined GoPro in 2016 as vice president of design, and his departure from Apple’s famed industrial design team was one of the first for the Cupertino, California-based technology giant. After he moved, several other veteran team members left, including longtime leader Jony Ive.For 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 Inc. said it will reopen about 100 more retail stores in the U.S. this week, with more than half offering curbside pick-up service only.“This week we’ll return to serving customers in many U.S. locations,” Apple said Tuesday in a statement. “For customer safety and convenience, most stores will offer curbside or storefront service only, where we provide online order pick-up and Genius Bar appointments.”The move adds to about 30 U.S. store reopenings from earlier this month. The company has about 270 retail locations in the U.S.The company said the new openings will happen across Arizona, California, Florida, Georgia, Indiana, Kansas, Kentucky, Nevada, Missouri, Michigan, New Mexico, Ohio, New York, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Wisconsin, Virginia and Utah.Stores that let customers inside require temperature checks, social distancing and masks, Apple has said.The company has already reopened locations across Australia, Canada, Austria, Germany, South Korea, Italy and Switzerland, and plans to start opening stores in Japan and Sweden this week.(Adds more context on number of stores in third paragraph.)For 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.
Apple shuttered stores worldwide as the novel coronavirus pandemic spread but has slowly opened them based on local health data. Under Apple's new procedures, stores with walk-in service will require customers and employees to undergo temperature checks and wear masks before entering. Apple will provide masks to customers who have none.
Dividend stocks are a great option for a retirement account since you're earning income simply for holding shares. The coronavirus pandemic caused many companies to cut or cancel dividends. While other businesses saw substantial revenue declines from the current economic slowdown, there were at least three that delivered revenue and dividend increases in these tough economic times.
Arm's technology powers the processors in both iPhones and Android devices. Apple's iPhones, however, are believed to have at least one high-performance core that is larger than others, helping it beat out Android competitors' peak speeds on single-threaded computing tasks.
(Bloomberg) -- DefinedCrowd, an Amazon.com Inc.-backed startup that provides data sets to train artificially intelligent speech programs, is setting its sights on a public listing in the next five years as voice interactions between humans and machines become more common.The Seattle-based company raised $50.5 million in a recent funding round led by existing investors, paving the way for an initial public offering within the next five years, Chief Executive Officer Daniela Braga said in an interview. The company declined to comment on its valuation.“It’s the road to an IPO,” Braga said, adding her company’s ambition is to support the development of AI so that people eventually will “communicate with machines the same way we do with humans.”Founded by Braga in 2015, DefinedCrowd curates voice and text data for clients including BMW AG and Mastercard Inc. to train virtual assistants and customer-service chatbots. The company designs the sets to be diverse and balanced, representing certain dialects or age ranges for audiences most likely to use the systems. Revenue grew 656% last year and is expected to triple this year, Braga said.Once the pandemic subsides, Braga said she expects businesses from a range of industries – including telehealth and education – to build AI personal assistants to better serve customers, something that might require more specific data that incorporates an industry’s vocabulary.Amazon, Apple Inc. and Alphabet Inc.’s Google have come under fire over revelations they used recordings of customers’ interactions with virtual assistants to train their AI systems. A former contractor working on Apple’s Siri transcription project in Ireland last week complained to European privacy authorities over the “massive violation of the privacy of millions of citizens.” The companies said they’ve made changes to provide users with more control over their data.By contrast, DefinedCrowd uses a crowdsourcing platform, Neevo, to generate data from a paid community of more than 290,000 members in 70 countries. Crowd members are asked to complete tasks like recording their voices or transcribing and annotating recordings rather than pulling data from customers who are using voice AI products.Braga said the newly raised funds will help the company expand its products and nearly double the number of employees in 2020. The company current employs around 268 people. Existing investors that participated in the funding round include Evolution Equity Partners, Kibo Ventures, Portugal Ventures, Bynd Venture Capital, EDP Ventures, and Ironfire Ventures as well as new investors Semapa Next and Hermes GPE.Amazon and Sony Corp., which is also an existing investor, didn’t increase their stakes in the latest round, Braga said, adding it was a strategic move not to increase the involvement of other companies as DefinedCrowd moves toward an IPO.For 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) -- Arm Ltd., whose technology is a key component of chips that run most of the world’s smartphones, is offering new designs aimed at boosting the performance of Android handsets.The U.K. company said its new A78 model will offer a 20% increase in performance over its predecessor and announced a new Cortex-X program that will help chipmakers customize their offerings to deliver bursts of as much as 30% more processing speed.Arm offers chip designs and licenses the fundamental code used by processors to communicate with software that runs phones. Most Android phone makers use chips from Qualcomm Inc. or Mediatek Inc. Samsung Electronics Co. and Huawei Technologies Co. use those chipmakers’ components and their own products. Apple Inc. is an Arm licensee, but designs its own A series processors that are typically rated the speediest available.The customization that Apple has been able to bring to its own combinations of software and hardware has allowed it to claim performance leadership over phones that run Alphabet Inc.’s Google Android operating system. Such claims feature heavily in Apple’s marketing of the iPhone.“The pace of increasing performance in smartphones exceeds that of any other computing device category in the industry today,” Arm said in a statement. “To address this insatiable demand for the highest performance possible, we’re introducing a new engagement program called the Cortex-X Custom program to give our partners the option of having more flexibility and scalability for increasing performance.”Cortex X will let chip and phone makers add a different mix of cores to the combinations of components that run major smartphone functions. Current designs feature uniform sets of cores and more power-efficient ones that are used to maintain background functions without draining the battery. Arm’s new offering changes this approach. An X core might kick in for a short time, for example, when a piece of software is demanding the absolute maximum performance the chip can provide.Cambridge-based Arm is a division of Japan’s SoftBank Group Corp. Like other companies that rely on the smartphone market, Arm is looking for ways to help spur demand for the devices. The market already had stalled before the Covid-19 outbreak curbed sales and disrupted supply chains. In the first quarter of 2020, smartphone shipments dropped 12% from a year earlier, according to IDC.In addition to more powerful and efficient designs for the handsets, the smartphone industry is banking on faster fifth-generation, or 5G, networks to persuade consumers to upgrade their phones.Arm is also offering a new graphics chip design that will handle video and gaming content better, and updated machine-learning capabilities to help with artificial intelligence workloads.For 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.
Facebook, Inc. (FB) Apple (AAPL), Amazon.com, Inc. (AMZN), Netflix, Inc. (NFLX) and Alphabet, Inc.'s (GOOGL) Google have outperformed during the coronavirus pandemic.
(Bloomberg) -- Apple Inc. will begin reopening its retail stores in Japan this week, one of its most important markets, after the stores had been shuttered for months due to Covid-19.Two locations -- the stores in Fukuoka and Nagoya Sakae -- will reopen on May 27, according to the company’s retail website. Reopening dates for the country’s eight other Apple stores have not yet been posted. In September, Apple opened its latest and largest outlet in Tokyo’s Marunouchi business district, moments away from the historic Tokyo Station and the Imperial Palace.Tokyo remains under an official state of emergency, though Japan’s Economy Minister Yasutoshi Nishimura said on Monday that the government’s advisory panel had approved a plan to lift the measure later that day, a week ahead of schedule.Read more: Japan’s Government Says Time Right to Lift Tokyo EmergencyApple has already reopened stores in Australia, Germany, Austria, South Korea, Switzerland and some stores in Italy and the U.S.In a statement confirming the Japan openings, Apple reiterated that stores will require temperature checks at the door, social distancing and the use of masks by customers and staff alike. This is in line with requirements among local Japanese retailers such as Montbell, which turns away customers without face masks.(Updates with Japanese government plans in third paragraph)For 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.
Digital media companies have understood podcasts for years. Now tech giants are getting in late, but bringing big dollars to buy instant footholds.
Since the COVID-19 pandemic sparked a massive stock market sell-off in late February and March, many investors have bought stocks with the expectation that they'd make nice gains when the market rebounded. Sure enough, the stock market began to rebound in late March. The major market indices have regained much of their losses.
A renowned iPhone hacking team has released a new "jailbreak" tool that unlocks every iPhone, even the most recent models running the latest iOS 13.5. For as long as Apple has kept up its "walled garden" approach to iPhones by only allowing apps and customizations that it approves, hackers have tried to break free from what they call the "jail," hence the name "jailbreak." Hackers do this by finding a previously undisclosed vulnerability in iOS that break through some of the many restrictions that Apple puts in place to prevent access to the underlying software.
Spotify (NYSE: SPOT) has made no secret of its efforts to dethrone Apple (NASDAQ: AAPL) in the world of podcasts, scooping up four start-ups over the past year and a half as part of its broader strategy and announcing a major exclusivity deal with Joe Rogan just this week. Considering the sheer size of Rogan's following, the pact has the potential to transform the economics of the podcasting ecosystem, as Spotify is reportedly paying over $100 million as part of the exclusive licensing agreement. Apple isn't going to sit still while Spotify tries to take a bite out of its podcasting business.
(Bloomberg) -- Twitter Inc. and Facebook Inc.’s WhatsApp are in the firing line as Europe’s leading privacy watchdog for U.S. tech giants edges closer to delivering its first major sanctions under the region’s tough data-protection rules.The Irish Data Protection Commission said on May 22 that it finalized a draft decision linked to a data breach at Twitter and has asked its peers across the European Union for their sign-off.The regulator said it’s also completed a draft decision in a probe of WhatsApp’s transparency around data sharing. The Facebook service will be asked to give its comments on any proposed sanctions before EU counterparts can weigh in.The Irish authority’s probes have been piling up since the bloc’s tough General Data Protection Regulation took effect in May 2018 -- but with no final decisions to date. The regulator is the lead data protection authority for some of the biggest U.S. tech companies, including Twitter, Facebook, Google and Apple Inc.GDPR empowered regulators to levy penalties of as much as 4% of a company’s annual revenue for the most serious violations. The biggest fine to date was a 50 million-euro ($54.5 million) penalty for Google by France’s watchdog CNIL.The Irish regulator said it has also made progress in a number of its other pending cases, including an investigation into obligations of Facebook’s local unit “to establish a lawful basis for personal data processing,” adding that this “inquiry is now in the decision-making phase.”Twitter and WhatsApp representatives declined to comment on the Irish probes.While sanctions in the two cases wouldn’t be the first under the new GDPR rules, they will be the first to test the cooperation between all 27 EU data authorities. Due to the EU-wide effects of the alleged violations in the two cases, the Irish regulator has to share its draft decisions with other regulators, allowing them to weigh in and either approve or object to its findings.(Updates with company response in seventh paragraph)For 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.
At the presser, Attorney General William Barr and FBI Director Chris Wray announced that after months of work, FBI technicians had succeeded in unlocking the two iPhones used by the Saudi military officer who carried out a terrorist shooting at the Pensacola Naval Air Station in Florida in December 2019. Early this year — a solid month after the shooting — Barr had asked Apple to help unlock the phones (one of which was damaged by a bullet), which were older iPhone 5 and 7 models.
IBM is laying off employees amid the pandemic, and Apple wants to use podcasts to promote its Apple TV+ streaming service.
TSMC (NYSE: TSM), the world's largest contract chipmaker, recently announced plans to build a new $12 billion plant in Arizona by 2024. The announcement might seem like good news for Taiwan-based TSMC and Arizona, but it also indicates the company is becoming entangled in the escalating trade war. Let's see how this deal could affect TSMC's business, and whether or not it's becoming a pawn in the messy tech war between the U.S. and China.
Apple (AAPL) looks to build backlog content library in Tv+ streaming services to boost subscriber growth amid intensifying competition.
Apple is facing fresh questions from its lead data protection regulator in Europe following a public complaint by a former contractor who revealed last year that workers doing quality grading for Siri were routinely overhearing sensitive user data. The timing of the letter comes as Europe's updated data protection framework, the GDPR, reaches its two-year anniversary -- facing ongoing questions around the lack of enforcement related to a string of cross-border complaints.
Michael Bosstick, Dear Media CEO, joined Yahoo Finance's Jen Rogers, Dan Roberts, and Rick Newman to discuss his outlook for the podcast sector and his plans for Dear Media this year.