208.10 +0.88 (0.42%)
Pre-Market: 6:33AM EDT
|Bid||207.75 x 4000|
|Ask||207.97 x 900|
|Day's Range||203.62 - 207.23|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||17.43|
|Forward Dividend & Yield||3.08 (1.52%)|
|1y Target Est||N/A|
FAANG stocks are making a direct impact on real estate demand, says Hessam Nadji, CEO of Marcus & Millichap, buying up office space and warehouses.
The releases of iOS 13, watchOS 6 and macOS Catalina are likely just a coupleof months away, but that isn't stopping Apple from giving the current versionsa big sendoff
Today's major tech stories include a AR/VR patent filed by Apple, Microsoft's 1 billion dollar investment in start-up OpenAI and Equifax's FTC settlement which could end up being as large as $700 million.
Jul.22 -- Jeff Williams co-created the Apple Watch and runs the company’s global operations. Now he's the heir apparent if CEO Tim Cook were to leave. Bloomberg's Mark Gurman reports on "Bloomberg Markets."
Huawei has set an ambitious shipment goal that would help it overtake Apple in the smartphone market.
U.S. stock futures rise ahead of earnings reports from a number of corporate heavyweights and after the White House and congressional negotiators reach a budget deal that will lift the government's debt limit; Coca-Cola, Snap, Visa and Harley-Davidson are among the companies reporting earnings on Tuesday; Apple reportedly is in talks to buy Intel's modem chip business for $1 billion.
Acquisitions are what evening traders are talking about tonight.
(Bloomberg) -- Apple Inc. is negotiating to buy Intel Corp.’s struggling cellular modem unit, said a person familiar with the matter.A deal would give Apple key engineering talent and patents that would help it develop new devices to connect to the mobile internet. The Intel assets could be valued at about $1 billion in a transaction, said the person, who asked not to be identified because the matter was private.An agreement could be reached as soon as this week, though it’s possible talks could break down without a deal, the person said.Representatives for Apple and Intel declined to comment. The negotiations were reported earlier by the Wall Street Journal.Apple is building its own cellular modems for devices like the iPhone, iPad and Apple Watch in part to eventually reduce its reliance on buying parts from Qualcomm Inc. or others.Apple’s latest iPhone models currently use modems sourced exclusively from Intel, but the company settled its long-standing royalties lawsuit with Qualcomm in April amid plans to sell 5G iPhones in 2020. Qualcomm’s 5G modems are widely regarded to be superior to those from Intel. However, Apple’s licensing and royalties agreement with Qualcomm ends in six years and Apple appears intent on eventually replacing the Qualcomm parts with modems developed internally.A deal with Intel could be similar to Apple’s agreement to pay Dialog Semiconductor Plc $600 million to take over its power management business, the provider of another key component for Apple’s devices. Intel currently provides modems for Apple’s 4G LTE iPhones.To contact the reporters on this story: Liana Baker in New York at firstname.lastname@example.org;Mark Gurman in San Francisco at email@example.com;Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, Michael Hytha, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Intel has been looking for a buyer for its smartphone modem business since at least April when the company said it would exit the smartphone modem business. At the time it said it would meet obligations for 4G modems but would not be releasing its forthcoming 5G smartphone modem in 2020. Intel famously missed out on supplying Apple’s original iPhone and struggled to catch up in the mobile chip business ever since.
Apple Inc is in advanced talks to buy chipmaker Intel Corp's smartphone-modem chip business, the Wall Street Journal reported on Monday, citing people familiar with the matter. Assuming talks don't fall apart, the deal, valued at $1 billion or more, could be reached in the next week, according to the WSJ. Intel announced it would exit the 5G modem chip business in April, hours after Apple settled a longstanding legal dispute with Qualcomm Inc, a key supplier of iPhone modem chips.
Apple Inc. could be within a week of agreeing to a deal to buy Intel Corp.'s modem-chip business, according to a Monday afternoon report. The Wall Street Journal reported that Apple and Intel are in advanced talks on a deal that values the business at $1 billion or more that could lead to a deal in the next week, based on anonymous sources. Intel stock gained about 2% in after-hours trading after the report hit, while Apple shares gained about 0.2%. The deal has been rumored since Apple gave up on its worldwide legal fight with modem maker Qualcomm Inc. on the same day that Intel -- the only other Apple source for iPhone modem chips -- announced that it would wind down its modem business. The Journal reported that Intel and Apple were in talks for more than a year, but Intel began shopping the unit after Apple struck a multiyear deal with Qualcomm as part of the companies' legal settlement. After discussions with other companies, Intel re-ignited talks with Apple, according to the report. Intel reports quarterly earnings Thursday, while Apple is scheduled to report a few days later, on Tuesday, July 30.
Investors have been holding their breath for a Fed rate cut for a while now. But are they prepared in the event that that doesn't happen?