Upcoming AWS Coverage on Eastman Kodak Post-Earnings Results
LONDON, UK / ACCESSWIRE / March 20, 2017 / Active Wall St. blog coverage looks at the headline from Apple Inc. (NASDAQ: AAPL) as the Company announced in Beijing on March 17, 2017, that it will set up two Research and Development (R&D) Centers, one at Shanghai and the other at Suzhou. This is in addition to the Company's existing R&D center at Beijing and a planned one at Shenzhen. Register with us now for your free membership and blog access at:
One of Apple's competitors within the Electronic Equipment space, Eastman Kodak Co. (NYSE: KODK), reported on March 07, 2017, financial results for the fourth quarter and full year 2016. AWS will be initiating a research report on Eastman Kodak in the coming days.
Today, AWS is promoting its blog coverage on AAPL; touching on KODK. Get all of our free blog coverage and more by clicking on the link below:
Commenting on the development Dan Riccio, Apple's Senior Vice President of Hardware Engineering said:
"We are looking forward to working with more local partners and academic institutions through the expansion of R&D centers in China. We are honoured to have access to excellent talent and a positive entrepreneurial spirit in the region, where our developers and suppliers will be working together."
The R&D Centers
Apple has allocated approximately 3.5 billion yuan ($507 million) for the development of these R&D centers in China. These R&D Centers are slated to open in the later part of 2017. The R&D Centers will focus on developing technologies and expertise in the Supply Chain function. Apple will be working with local Chinese Technology partners to develop new technologies and services which will benefit its customers in China as well as across the globe. The technical experts and talent working on these R&D matters will be sourced from local Chinese Universities like Peking University, Tsinghua University, and Shanghai Jiaotong University, etc.
R&D has been the backbone behind the success of Apple and its products. However, China has been a challenging market. The use of local people and technology partners will help Apple get a better understanding of the Chinese market and help the Company deepen its market penetration in China.
Apple is currently sponsoring internship programs across various Chinese Schools so as to line-up the next generation of entrepreneurs. According to Apple, the Company has created 4.8 million jobs in China till date through its 22 offices and 46 retail outlets.
The details were shared by the Company on its Chinese website.
The announcement has been made by Apple on its Chinese website a day before Apple CEO, Tim Cook visited China. Tim Cook attended the China Development Forum in Beijing, China on March 18, 2017. He met with top government officials at this event and the announcement is seen as an image boosting exercise by Apple to appease the Chinese Government.
China has been one of the biggest and most important markets for Apple outside the US. In recent times, sales of Apple's iPhone were down as local smartphone manufacturers like Huawei Technologies, Xiaomi, Oppo and Vivo offered tough competition. These Companies have eaten into Apple's market share by offering high-end yet low-cost smartphones with comparable features as those available in an iPhone.
The timing of the announcement also coincides with the upcoming 10th anniversary edition of Apple's iPhone which will be launched soon. Apple is hoping that the new launch will give a boost to its sales and regain lost market share and leadership.
At the close of trading session on Friday, March 17, 2017, Apple's stock closed the trading session at $139.99, slightly falling 0.50% from its previous closing price of $140.69. A total volume of 43.68 million shares have exchanged hands, which was higher than the 3-month average volume of 26.56 million shares. Apple's stock price surged 22.06% in the last three months, 22.28% in the past six months, and 35.11% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 21.39%. The stock is trading at a PE ratio of 16.76 and has a dividend yield of 1.63%.
Active Wall Street:
Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
AWS has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 1-858-257-3144
Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active Wall Street