AAPL Sep 2019 207.500 put

OPR - OPR Delayed Price. Currency in USD
0.0800
-0.0500 (-38.46%)
As of 10:52AM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close0.1300
Open0.1200
Bid0.0800
Ask0.0900
Strike207.50
Expire Date2019-09-20
Day's Range0.0800 - 0.1200
Contract RangeN/A
Volume652
Open Interest4.31k
  • Bloomberg

    Apple Fights ‘Phantom’ Units Claim in $14 Billion EU Court Clash

    (Bloomberg) -- Apple Inc. and Ireland’s court room clash with the European Commission finally lived up to its billing as the world’s biggest tax case.A two-day hearing into their appeal of the EU’s record 13 billion-euro ($14.4 billion) tax bill heated up on Wednesday as Apple rebutted claims that Irish units at the center of its fight are just “phantoms” and Ireland hit back at regulators for saying the country would willingly forgo one-fifth of its corporate tax takings.Ireland is the victim of "wholly unjustified criticism of its tax system and its approach" from the EU in "the biggest state aid case ever," said Paul Gallagher, the government’s lawyer, in closing arguments of an EU General Court hearing in Luxembourg.EU officials "have not produced to this court a single example of Apple being preferred to anyone else" and Irish tax law didn’t require Apple to pay any more.Apple and Ireland are battling the European Commission’s 2016 order that ruled illegal a tax deal that saw the company channel sales through two Irish units. The iPhone maker is the biggest target of EU Competition Commissioner Margrethe Vestager’s crusade against corporate tax deals that allow big firms to reduce their fiscal burden.Irish BranchesThe five-judge panel homed in on the exact functioning of the Irish branches that allowed Apple revenues to be covered by a national tax deal labeled as illegal by regulators.The EU asserts the units received selective tax treatment that allowed Apple to allocate all sales profits to two companies that “existed only on paper.” Apple attempted to show that each business wasn’t a ghost while saying strategic decisions over products and sales were made elsewhere and profits should also be taxed elsewhere.“This wasn’t some kind of shell company, this was a company doing things in the U.S.,” Apple’s lawyer Daniel Beard responded, citing one of the firms. He said that no critical decisions on intellectual property were made in Ireland.Marc van der Woude, a Dutch judge and the court’s vice-president, had quizzed the EU’s lawyer late Tuesday on what evidence the European Commission had to show whether the Apple units determined strategy or drew up business plans.The business "looks like a phantom company,” he said at one point. Other judges dug into details of how the branches were run and how the Irish government determined that the revenue should be taxed there.The EU’s lawyer Richard Lyal sought to dismiss Apple’s arguments that the revenue at stake should have been taxed in the U.S. where its products are developed."Apple should not now pretend" that its Irish units "make all that money but that only a tiny proportion of it should be attributed to Ireland," he told the court. "All arguments as to tax being paid in the U.S. are completely irrelevant."Amazon, AlphabetA court ruling, likely to take months, could empower or halt Vestager’s tax probes into complicated corporate structures used by many American technology firms. The EU has also scrutinized fiscal deals done by Amazon.com Inc. and Alphabet Inc. and may draft new rules to net digital companies’ revenue.The first hints of how the Apple case may turn out will come from a pair of rulings scheduled for Sept. 24.The General Court will rule on whether the EU was right to demand unpaid taxes from Starbucks Corp. and a Fiat Chrysler Automobiles NV unit. Those judgments could set an important precedent on how far the EU can question tax decisions national governments make on how companies should be treated.To contact the reporters on this story: Aoife White in Luxembourg at awhite62@bloomberg.net;Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter Chapman, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Strategic Value Investing: Distressed Investing
    GuruFocus.com

    Strategic Value Investing: Distressed Investing

    It’s an extreme type of value investing, requiring much contrarian courage, but it can be rewarding Continue reading...

  • Reuters

    UPDATE 1-Comcast to provide free Xfinity Flex TV device for U.S. internet customers

    Comcast Corp said on Wednesday it will offer Xfinity Flex, its streaming media set top box, and a voice remote for free to its U.S. internet-only customers. It had previously charged those customers $5 per month for the service and remote. The product is meant to make it easier for subscribers of multiple streaming services to find shows.

  • Streaming Services Declare War Over Exclusive Rights
    Zacks

    Streaming Services Declare War Over Exclusive Rights

    Cable is at the end of its market cycle as streaming services enter the growth phase. Media firms are pivoting to remain competitive in the evolving digital economy.

  • Roku stock takes a tumble after Comcast plans free streaming boxes for internet customers
    MarketWatch

    Roku stock takes a tumble after Comcast plans free streaming boxes for internet customers

    Roku Inc.’s massive 2019 rally took a dent on Wednesday after a longtime media giant made a move that undercuts the makers of streaming-media players.

  • Is Apple's Latest Corning Funding Related to Foldable Glass?
    Zacks

    Is Apple's Latest Corning Funding Related to Foldable Glass?

    Apple (AAPL) is set to invest another $250 million in Corning from its Advanced Manufacturing Fund to promote innovation.

  • Bloomberg

    Facebook Contractors Have Been Listening to ‘Hey Portal’

    (Bloomberg) -- Facebook Inc., which last month said it stopped using humans to review and transcribe users’ voice messages, will resume that practice for some audio collected from its Portal video-calling device.Facebook “paused human review of audio” around August. Bloomberg reported at the time the company hired contractors to transcribe private voice messages sent via its Messenger app. In that case, users had not been alerted to the possibility that their communications might be subject to human review. It was also unclear at the time that some of the clips Facebook had been collecting were coming from Portal.Facebook confirmed Wednesday that it was indeed collecting audio from Portal users who make a request from the device using the command “Hey Portal.” By default, those commands were recorded and stored on Facebook servers, and some of them were transcribed by contractors working with the company to improve the software algorithms used to understand the commands, according to Andrew Bosworth, Facebook’s head of hardware. That practice was paused last month at the same time Messenger stopped using humans to transcribe messages.Facebook Paid Contractors to Transcribe Users’ Audio Chats“We paused human review of the ‘Hey Portal’ voice interactions last month while we worked on a plan that gave people more transparency and control, including a way to turn it off,” Bosworth said in a statement.Portal is now reinstating human audio transcriptions but will offer consumers an option to turn off that service in a new version of its Portal software, which will be distributed to existing devices and its updated Portal lineup shipping in October.The Messenger transcriptions are separate, Bosworth added, and that program is still on pause.“The reason they’re separate isn’t because the back-end systems are separate, it’s because the data is coming in from a different place,” he told Bloomberg in an interview Tuesday. “And therefore you have a different kind of user expectation.”Facebook shares were little changed at $187.49 at 10:34 a.m. in New York.Apple Suspends Listening to Siri Queries Amid Privacy OutcryThe controversial practice of transcribing user audio clips has gotten a lot of attention in recent months because of privacy concerns. Apple Inc. and Google have both suspended similar human transcription programs, and Bloomberg first reported in April that Amazon.com Inc. was transcribing some commands from its Alexa voice assistant without people’s knowledge. Amazon now lets users opt out of that human review.Facebook decided to reinstate this practice because it’s important for training the company’s software programs to accurately understand requests, Bosworth says. He’s also aware that the idea of having humans review user audio is unsettling to many people.“The consumer reaction the last several months to these practices, not just at Facebook but other companies, gave us insight into the fact that this was something people weren’t entirely comfortable with or weren’t sure about,” he said when explaining the new privacy setting.Facebook will still collect and transcribe “Hey Portal” commands if users don’t change the default settings. Portal’s data usage policy states that the company does collect “voice queries and commands” after a user wakes the device with “Hey Portal.” The policy does not say that those audio clips may be reviewed by third-party contractors.Facebook Quizzed by Watchdog for Listening to Users’ ChatsThe importance of audio transcriptions and recordings has increased alongside the rise of digital assistants like Amazon’s Alexa and Google’s Assistant. Tech companies improve the accuracy of their software by transcribing millions of clips, which help the machines learn language and speech patterns. The practice has, however, served up a new privacy trade-off: users want the help of smart assistants but not the threat that strangers might be listening to their private conversations or messages.Facebook does not yet have an advanced standalone audio assistant to compete with the other tech giants, though its Portal device can carry out some basic commands after users wake it by saying “Hey Portal.” For more complicated requests, Portal also comes equipped with Amazon’s Alexa software.Bosworth says that while Facebook is working to improve and further develop its “Hey Portal” software, it doesn’t have any plans to completely replace Alexa on Portal devices with its own proprietary software, and Alexa is indeed present on Facebook’s newly announced set of devices.The new Facebook Portal and Portal Mini will open Facebook’s distribution of the video-calling platform beyond the U.S. and into Europe, where higher privacy standards have already saddled the social media giant with increased regulator scrutiny.(Updates with Facebook shares. An earlier version of this story corrected the spelling of executive’s name in sixth paragraph.)\--With assistance from Sarah Frier.To contact the reporters on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.net;Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Zacks Investment Ideas feature highlights: Netflix, Amazon, Disney and Apple
    Zacks

    Zacks Investment Ideas feature highlights: Netflix, Amazon, Disney and Apple

    Zacks Investment Ideas feature highlights: Netflix, Amazon, Disney and Apple

  • Reuters

    UPDATE 1-Apple spars with EU as $14 bln Irish tax dispute drags on

    Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker's appeal against a $14 billion tax order, in a dispute that is key to the EU's drive to collect more taxes but which could also run for years. The case centres on tax rulings granted by Ireland to two Apple businesses in the country, Apple Sales International and Apple Operations Europe. The rulings reduced Apple's tax burden for more than two decades - to as low as 0.005% in 2014, according to the Commission, although Apple disputes this.

  • Apple Stock Gains 40% in 2019: What’s Next for Investors?
    Market Realist

    Apple Stock Gains 40% in 2019: What’s Next for Investors?

    Apple (AAPL) shares have made a strong comeback in 2019. After falling more than 8% in 2018, the stock has risen close to 40% YTD.

  • Reuters

    UPDATE 1-Apple taps recycled rare earth elements for iPhone parts

    Apple Inc's new iPhones will use recycled rare earth elements in a key component, the company said on Wednesday. Apple said it will use recycled rare earths in its "Taptic Engine," a part that lets iPhones mimic a physical button click despite being a flat pane of glass. The part is about one-quarter of the rare earth elements inside the iPhone models.

  • Barrons.com

    The Fed Is Getting Ready to Cut Rates Again. That Might Do More Harm Than Good.

    In a provocative new essay, three academics argue that the abundance of cheap capital encourages economic concentration, which stymies growth.

  • Bloomberg

    Mark Zuckerberg Struggles to Keep Libra Alive

    (Bloomberg Opinion) -- Mark Zuckerberg’s cryptocurrency project, Libra, has become the regulatory equivalent of a pinata: Everyone is lining up to hit it with a stick. France’s finance minister Bruno Le Maire calls it an assault on sovereignty and a risk to financial stability, an attack backed up by his German counterpart Olaf Scholz who dubbed it a “parallel currency.” You can see their point.Across the Atlantic, U.S. Democrats and Republicans — including President Donald Trump — have called for tough scrutiny of the Facebook Inc. payments system, whose potential 2-billion strong user base could threaten the U.S. dollar’s supremacy.Facebook’s attempt this week to debunk the argument that it’s encroaching on government turf, via a Twitter thread from its blockchain boss David Marcus, won’t allay these fears. Marcus’s depiction of Libra as a system “running on top of” existing currencies rather than supplanting them — that is, a digital token backed by a basket of assets including dollars, euros, yen and the like — is exactly what has spooked politicians and central bankers. Libra is a so-called “stablecoin,” meaning its value will be anchored to the hard currencies that back it — similar to Singapore’s currency peg and unlike Bitcoin with its wild swings in value. But that doesn’t mean Libra’s rise would be good for those underlying currencies. If it took off, Libra would have a bigger potential user base than the combined populations of China, the U.S. and the EU. A mighty, privately-backed cryptocurrency would have all sorts of consequences on the enforcing of economic sanctions or regulation of global trade, as well as on central banks’ ability to respond to crises or recessions. Libra could gain great influence over countries with weak or unstable currencies that might otherwise lean toward the dollar or euro. That this would all be led by a tech industry that has frequently trampled consumer privacy underfoot is another worry, even if safeguards were put in place to keep the social media behemoth at arm’s length.Rather than debate with Zuckerberg, some central bankers seem to be mulling the idea of grabbing the Libra idea for themselves and setting up an alternative. If the problem with such a currency is Facebook, why not make one yourself that’s Facebook-free?The Bank of England governor Mark Carney floated last month the idea of a “Synthetic Hegemonic Currency,” one backed by a basket of reserve currencies but without the “fundamental” problems raised by Libra. This week Benoit Coeure, a European Central Bank executive, called on other central bankers to join forces and look into issuing digital currencies to fend off the private stablecoins. You can see why this might be preferable to digital coins run by Facebook, Amazon.com Inc. or Apple Inc. Ideally, central bank cryptocurrencies would have the convenience of digital cash and would probably do a better job of reining in illicit transactions and money laundering. They would let a central bank keep a tighter grip on financial stability too. And the risk of “digital dollarization,” in which countries find themselves falling under the sway of powerful digital tokens, is lessened.There are, nonetheless, trade-offs with any digital currency whomever issues it. National sovereignty might be protected but at what cost? A more efficient payments system may look cheaper but it would put central banks in a new role, one that would require more staff and better cyber-defenses. These are not things you naturally associate with cash-starved public institutions.The “sovereignty” of citizens could be eroded too as cash became more traceable. And we have no idea how it would perform in a financial panic. A digital bank run might be very ugly.These are political and social questions. It’s good for regulators to be grappling with them now rather than letting Facebook do what it likes. It doesn’t make the answers any easier, though. A central banker’s Bitcoin is no magic bullet.To contact the author of this story: Lionel Laurent at llaurent2@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Barrons.com

    Apple Arcade Launches Tomorrow. What That Means For Apple’s Quest to Own Entertainment.

    Apple Arcade launches Thursday, which will mark the tech giant’s second service launch of 2019—with more on the way.

  • Apple taps recycled rare earth elements for iPhone parts
    Reuters

    Apple taps recycled rare earth elements for iPhone parts

    Apple said it will use recycled rare earths in its "Taptic Engine," a part that lets iPhones mimic a physical button click despite being a flat pane of glass. The part is about one-quarter of the rare earth elements inside the iPhone models. Rare earths, a group of 17 specialized minerals, have become a flash point in trade tensions between the United States and China.

  • Apple’s new iPhone 11s mean the two-year upgrade cycle is officially dead
    MarketWatch

    Apple’s new iPhone 11s mean the two-year upgrade cycle is officially dead

    Apple Inc.’s new iPhones have great cameras and battery life, but the key question remains whether consumers will deem them worth an upgrade.

  • Corning Secures $250M Apple Funding for Glass Manufacturing
    Zacks

    Corning Secures $250M Apple Funding for Glass Manufacturing

    The current funding underscores the solid business relationship between Corning (GLW) and Apple (AAPL) that spans more than a decade.

  • Benzinga

    Wedbush: Apple Can Beat iPhone Delivery Estimates Of 70M

    Delivery times for iPhone 11 pre-orders across multiple models and colors are extending outward, which implies that Apple could deliver more than 75 million iPhone units, Ives said in a Wednesday note. Apple is also seeing notable strength in China, where pre-order activity is about double what it was for last year's iPhone XR launch. Specifically, 60 million to 70 million iPhone users in China are looking to upgrade their devices, so now is an "integral time" for Apple to perform well, he said.

  • Could Apple and Microsoft Lead a Market Rally?
    Market Realist

    Could Apple and Microsoft Lead a Market Rally?

    Jim Cramer believes Apple and Microsoft stocks are ready to boost equity markets to new highs. Both stocks' market cap has crossed the $1 trillion mark.

  • Facebook Enters Living Room With Video Chat-Focused TV Box
    Bloomberg

    Facebook Enters Living Room With Video Chat-Focused TV Box

    (Bloomberg) -- Facebook Inc. on Wednesday upgraded its Portal video chat devices, with a new model for TVs and lower prices. It also said users can opt out of the company accessing voice recordings collected by the hardware.With the new products, called Portal TV, Portal, and Portal Mini, Facebook is trying to break into the crowded smart speaker and connected living room markets.The Portal TV, which goes on sale for $149 in October, can be connected to a TV set with standard HDMI cable and has a camera and several microphones to enable video calling via Facebook’s Messenger and WhatsApp services.The device supports Spotify, along with Amazon’s Prime Video service, Ring cameras and Alexa voice assistant. But it lacks content from Netflix Inc. and some other popular video-streaming services. That may make it difficult to compete without the range of video and apps offered by rival streaming devices from Roku Inc., Apple Inc. and Amazon.com Inc.Facebook executive Andrew Bosworth emphasized in a demonstration that the device’s primary purpose is video calling. That’s the company’s unique sales proposition and people will likely use additional devices for content that they can’t get via the Portal TV, he said.Facebook’s new Portal smart display devices, coming later in October, will sell for $129 and $179, down from the previous $199 starting price. The devices still come in two sizes, 8-inch and 10-inch variations. The new versions have improved speakers and a physical shutter that can either disable both the camera and microphone or just the camera.Facebook said it will transcribe some audio clips collected by the Portal devices, but users will be able to opt out.Facebook first launched its video-calling hardware in 2018, following a series of privacy scandals. The company doesn’t report Portal sales, but it slashed the price in half earlier this year. Bosworth said sales and consumer reception of the device were “warmer” than expected, but he declined to provide specific figures.To contact the reporters on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.net;Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Apple spars with EU as $14 billion Irish tax dispute drags on
    Reuters

    Apple spars with EU as $14 billion Irish tax dispute drags on

    Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker's appeal against a $14 billion tax order, in a dispute that is key to the EU's drive to collect more taxes but which could also run for years. The case centres on tax rulings granted by Ireland to two Apple businesses in the country, Apple Sales International and Apple Operations Europe. The rulings reduced Apple's tax burden for more than two decades - to as low as 0.005% in 2014, according to the Commission, although Apple disputes this.

  • Apple’s Investment in India: Did Trump Compel It?
    Market Realist

    Apple’s Investment in India: Did Trump Compel It?

    In a well-strategized move, Apple (AAPL) is relocating its production base to India. Apple's investment in India will be around $1 billion.

  • ‘Apple a value stock?’ The Great Rotation takes a strange spin
    MarketWatch

    ‘Apple a value stock?’ The Great Rotation takes a strange spin

    As markets churn, there’s some unexpected fallout in fund holdings, including classifying Apple, one of the world’s biggest companies, as a “value” play.

  • What are some first impressions for the iPhone 11?
    Yahoo Finance Video

    What are some first impressions for the iPhone 11?

    Yahoo Finance’s Tech Editor Dan Howley discusses with the YFi AM panel what he thinks of the new iPhone 11.