AAPL - Apple Inc.
262.03 -0.61 (-0.23%)
After hours: 7:59PM EST
| Previous Close | 264.47 |
| Open | 263.75 |
| Bid | 261.75 x 800 |
| Ask | 262.74 x 800 |
| Day's Range | 262.23 - 264.88 |
| 52 Week Range | 142.00 - 264.88 |
| Volume | 22,395,556 |
| Avg. Volume | 26,244,880 |
| Market Cap | 1.187T |
| Beta (3Y Monthly) | 1.25 |
| PE Ratio (TTM) | 22.09 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 3.08 (1.16%) |
| Ex-Dividend Date | 2019-11-07 |
| 1y Target Est | N/A |
- Yahoo Finance
Warren Buffett trims Wells Fargo stake, adds RH
The Oracle of Omaha's latest stock moves are out.
- Yahoo Finance
Why Cyber Monday is more important than Black Friday
As it’s becoming easier for consumers to shop online rather than in stores, results from a new Deloitte survey results show that Cyber Monday is more relevant than Black Friday.
- MarketWatch
Apple hires Trump donor as lobbyist in hopes of avoiding tariffs: report
Apple Inc. has hired Jeffrey Miller, a close ally of President Donald Trump, to lobby for the tech giant as it tries to avoid being hit with new tariffs. CNBC first reported the news Thursday, citing a federal lobbying disclosure document. The document shows Miller's lobbying firm reached a deal with Apple in October. Miller is a major fundraiser for Trump's re-election campaign and served as vice finance chairman for Trump's inaugural committee. The amount he is being paid by Apple was not disclosed. Apple is seeking for its products -- especially iPhone parts and Apple Watches -- to be exempt from tariffs on Chinese goods scheduled to take effect Dec. 15. CEO Tim Cook has met with Trump a number of times to discuss business issues, and told the president in August that tariffs against China could hurt Apple's bottom line.
- Barrons.com
Warren Buffett’s Berkshire Hathaway Sold Off More Apple Stock – and Increased Stake in Two Companies
The conglomerate led by Warren Buffett revealed new stakes in two companies, according to a filing on Tuesday.
- Zacks
Intro To The 4th Revolution
Dan Laboe kicks of his new series, The 4th Revolution, where he discusses new technology and how it will impact the markets.
- Investor's Business Daily
Warren Buffett Sold Apple, Bought These Stocks In Q3
Berkshire Hathaway picked up RH and Occidental Petroleum but soured on RedHat and Apple. Hedge funds bought software stocks, 13F filings show.
- Zacks
Google Checking Account, Facebook Cross-Platform Payments
Big tech is jumping into the payments business in a big way.
- MarketWatch
Warren Buffett's Berkshire Hathaway reveals new RH, Occidental stakes
Berkshire Hathaway Inc. revealed new stakes in furniture maker RH and energy company Occidental Petroleum Corp. , according to a filing on Thursday. The conglomerate led by legendary investor Warren Buffett owned about 1.2 million shares of RH, formerly known as Restoration Hardware, and nearly 7.5 million shares of Occidental. It trimmed stakes in Apple Inc. and Wells Fargo , among other companies. In April, Berkshire committed $10 billion to help Occidental's bid for Anadarko Petroleum Corp. , giving Occidental an edge over Chevron Corp , which was also vying for Anadarko and later bowed out. Shares of RH rallied more than 6% in the extended session, while Occidental stock rose 1.6%.
- Benzinga
What You Need To Know About Apple's New Health Initiatives
Apple Inc. (NASDAQ: AAPL) announced Thursday that customers in the U.S. can enroll in the Apple Women’s Health, Apple Heart and Movement and Apple Hearing studies. The user data will contribute data to academic research and medical discoveries using the iPhone and Apple Watch, according to Cupertino. The Apple Women’s Health Study is a “great opportunity” to better understand menstrual cycles and how they relate to women’s health, the company said.
- GuruFocus.com
Bad Picks or Bad Models: The Future of Value
A final look back at the debate about the history - and future - of value investing Continue reading...
- Benzinga
PreMarket Prep Recap: What A Move In Disney, Analyst Thinks Apple Has Topped Out
When a big stock makes a big move, it's going to get a lot of coverage on the PreMarket Prep Show. Whether or not how many of the initial 10 million sign-ups for Disney+ are going to actually enroll isn't the question. To the PreMarket Prep crew, the next chapter in the story will be how the issue handles the $150 level.
- Benzinga
New Bear Takes A Bite Out Of Apple: Maxim Downgrades Stock To Sell
Maxim Group has turned bearish on Apple Inc. (NASDAQ: AAPL ) amid expectations for revenue to fall short of expectations next year. The Analyst Maxim's Nehal Chokshi downgraded Apple's stock from Hold ...
- Schaeffer's Investment Research
Apple Options Run Hot After New "Sell" Rating
Maxim also set a $190 price target on AAPL stock
- MarketWatch
Walmart’s stock is now outperforming Amazon’s — here’s how it happened
Walmart has beaten Amazon. • For the period shown on the chart, Amazon stock is up 15.55%, the Dow Jones Industrial Average is up 18.8% and Walmart stock is up 27.65%. • Earlier this year, many investors were having difficulty understanding why Walmart stock was in our Model Portfolio and Amazon stock was not.
- MarketWatch
Big Tech wants into your wallet so they can get more data, like their Chinese rivals
Technology giants are showing a heightened interest in the financial-services industry as they see Chinese tech companies succeeding in payments, an area that could be lucrative for data collection.
- Bloomberg
Is Your TV Service a Streaming, Confusing Mess, Too?
(Bloomberg Opinion) -- When I read my colleague Tara Lachapelle’s column on Wednesday about how the “great unbundling” of cable television could turn into the “great re-bundling,” I had to chuckle. It was inevitable that once consumers got a taste of what an unbundled world looked like, they would begin to appreciate some of the virtues of the once-despised cable bundle.Yet not many people realized that a decade or so ago, when talk about a-la-carte television (as unbundling was then called) was all the rage. Back then, it seemed so simple. As cable bills grew more expensive, consumers questioned why they were forced to take — and pay for — 300 channels when they only really watched 9 or 10. Wouldn’t it make more sense to just get the stations they cared about? More to the point, wouldn’t it be cheaper once they were rid of the 290 stations they didn’t want? Obviously, the bundle was the problem.In Washington, two successive Republican chairmen of the Federal Communications Commission, Michael Powell and Kevin Martin, were big advocates of a-la-carte television back in the 2000s. Gene Kimmelman, an executive with Consumers Union, the publisher of Consumer Reports, told me in 2007 that a-la-carte television “would create marketplace pressure to reduce prices.” I wrote about cable television frequently in the mid-2000s, and the reader feedback was almost unanimous. “What we really need is a la carte TV,” one reader wrote. “That way I can buy what I want rather than what someone forces into my TV.”The one person I knew who never bought the hype was a Wall Street analyst named Craig Moffett. Today, Moffett is a partner at MoffettNathanson LLC, a research boutique he co-founded in 2013. When I first got to know him, he was with Sanford C. Bernstein & Co. LLC(1) covering the telecom and cable industries. I recently went back and looked at his old research — not only because it has turned out to be prophetic, but because a-la-carte television is a good example of why we should be careful of what we wish for.What Moffett understood, and unbundling’s proponents didn’t, was that the economics of cable was, in one important sense, illusory. Cable companies paid stations based on the number of total subscribers — not on the number of people who actually watched. This system had two big benefits. It allowed niche stations without a lot of advertising to reap enough revenue to make a go of it. And it allowed the more popular stations to charge more for advertising than if they were unbundled.Without the cable bundle, Moffett said, many of the niche channels wouldn’t survive. And the bigger ones would have to charge so much that it wouldn’t be long before consumers were paying more for their 10 channels than they had for 300.One example he used in a note to clients in 2007 was Black Entertainment Television. Without the cable bundle, Moffett estimated that BET would need to raise its subscription price by 588% to maintain its revenue at the time — and that would have only been possible if every African-American household in the U.S. subscribed. “If just half opted in — a wildly optimistic scenario — the price would rise by 1,200%,” he wrote.Moffett saw early on that streaming, barely a blip on the horizon, would disrupt the bundle. During this past decade, millions of American households have cut the cord. Perhaps more important, according to one survey, almost three-fourths of all U.S. households subscribe to at least one streaming service like Netflix or Hulu.Streaming obviously has a lot of upside. The quality of a typical, streamed TV show today is superior to the vast majority of shows the networks used to offer. Being able to watch on demand is a blessing. The fact that shows on Amazon Prime or Netflix have no ads, well, who doesn’t love that?But there have also been downsides, just as Moffett predicted. Let’s face it: you’re not really saving money. I pay $15.99 a month for a Netflix premium subscription, $11.99 for Hulu premium (which means no ads), $14.99 for HBO NOW, $11 for Showtime, and $4.99 for the new Apple TV service. If I decide to add Disney+ that’ll be another $6.99 a month.Because I’m a sports fan, I need a way to get ESPN and ESPN 2, which remain tethered to the bundle because their costs are so enormous they would simply be unaffordable as stand-alone streaming services. I’ve been using PlayStation Vue’s mini-bundle, which costs $54.99. Sony Corp. recently announced it will be ending the service at the end of January, so I’ll have to find a replacement. But they’re all in the same basic price range.When you add it all up — something I’d avoided doing until I wrote this column — it comes to $113.95. A month. Ouch. And that doesn’t include the $12.99 a month I pay to be an Amazon Prime member, which gives me access to shows like “Fleabag” and “The Marvelous Mrs. Maisel.”Here’s another data point. Remember Moffett’s prediction about what would happen if BET left the bundle? We now have the proof. Cable subscribers pay 27 cents a month for BET, according to research from Kagan, a media research group within S&P Global Market Intelligence. A subscriber to its spanking new streaming app, BET Plus: Try $9.99. So much for all the money we were going to save.The other problem, as Tara noted in her column, is the frustration that has come with dealing with all these different services. It means “knowing which TV programs and movies reside where, having to toggle among those different apps — which isn’t as smooth as simply channel-surfing — and managing multiple monthly subscriptions,” Tara wrote.Wouldn’t you know it: Moffett saw this coming too. In 2006, he wrote a tongue-in-cheek note to clients from sometime in the future. Streaming, he predicted, had become a burden:The complexity was overwhelming. Forgotten passwords. Balky navigation. And lord, were the subscription fees astronomical, what with the average consumer having to sign up for six or seven different companies’ offerings in order to satisfy all the different members of the family.The solution, Moffett projected, would come from a clever entrepreneur with a once-in-a-lifetime idea:What if we could aggregate all the channels in one place? Disney, Fox, Turner, ABC, NBC, YouTube, CBS, MTV, the whole works, accessible from a single source. For one monthly subscription, we could bring viewers all of this amazing content, smoothly and easily! One navigation framework. A single interface. One bill. All the channels at your fingertips. And even huge libraries of content, available on demand!!!We’re not there yet. But we’re heading in that direction. It won’t be cheap. But I have my own prediction: This time around, nobody’s going to be complaining about the bundle.(1) The firm is now known as AllianceBernstein L.P.To contact the author of this story: Joe Nocera at jnocera3@bloomberg.netTo contact the editor responsible for this story: Timothy L. O'Brien at tobrien46@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Benzinga
Apple Exec: Key To Success Is Not Using 'Cheap' Chromebooks
Attention students: using a budget priced Google Chromebook instead of an Apple Inc. (NASDAQ: AAPL) laptop will limit your chances of success, in the eys of Phil Schiller, Cupertino's senior vice president of marketing,. Apple oversaw a study many years ago and concluded that successful students are those who are engaged — a "really simple" concept to understand, Schiller said in a CNET interview. After all, kids who want to learn have better success, and in order to learn in the modern era, they need "cutting-edge learning tools," he said.
- Zacks
Disney, Apple Join Streaming War, Netflix Might Take a Backseat
Video-streaming space gets increasingly intense as Disney and Apple join the bandwagon amid flaring up price war and content exclusivity.
- Barrons.com
Sell Apple Stock Because iPhone Sales Will Disappoint, Analyst Says
Maxim Group’s Nehal Chokshi lowered his rating for Apple to Sell from Hold, predicting weaker iPhone sales in the company’s March quarter.
- Investor's Business Daily
How To Trade Top Stocks: Why Apple, Nvidia Breakouts Still Worked Despite 'Light Volume'
Sometimes, a fantastic breakout by a high-quality growth stock starts in average or barely higher than usual volume. Why?
- Yahoo Finance Video
Ben Horowitz joins Influencers with Andy Serwer
Yahoo Finance Editor-in-Chief Andy Serwer sits down with cofounder and general partner of Andreessen Horowitz, Ben Horowitz, author of the new book, What You Do Is Who You Are: How to Create Your Business Culture.
- Bloomberg
Apple Mulls Bundling Digital Subscriptions to Woo Subscribers
Nov.14 -- Apple Inc. is considering bundling its paid internet services in a bid to gain more subscribers, according to people familiar with the matter. Bloomberg's Mark Gurman has more on "Bloomberg Technology."
- CNET
Apple's 16-inch MacBook Pro: Is it for you?
We finally get an updated MacBook Pro that should fix that sssssticky butterfly keyboard. Plus, it looks like Apple's AR glasses have been delayed until at least 2022, but there's new hope for the iPad Pro.
