191.20 +0.15 (0.08%)
After hours: 4:25PM EDT
|Bid||191.14 x 800|
|Ask||191.18 x 1300|
|Day's Range||190.79 - 197.69|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||15.76|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||2.92 (1.55%)|
|1y Target Est||180.85|
Netflix, Hulu, Amazon...U.S. consumers in large numbers are piecing together their media. According to a report out from Deloitte, 43 percent of consumers subscribe to both to streaming services and pay TV. Yahoo Finance's Sibile Marcellus reports.
The stock market rallied as Apple, Amazon and other big techs soared. The Boeing 737 Max faces a criminal probe. Biogen gave up on an Alzheimer's drug.
Trump made the announcement Friday to reporters traveling with him to Palm Beach, Florida, confirming an earlier Bloomberg News report. Moore has emerged as an ardent critic of the Federal Reserve Board under its current chairman, Jerome Powell, who fell out of favor with Trump last year after the Fed’s rate increases.
Apple will raise the curtain on its long-awaited streaming video service on Monday at a splashy launch event at its headquarters in Cupertino, Calif. Apple stock has been rising in anticipation.
While the Wall Street Journal plans to join Apple's new subscription news service, other major publishers, including the New York Times and the Washington Post, have declined, according to a New York Times report. Apple has also partnered with Hollywood celebrities to make a streaming debut with a slate of original content, taking a page out of Netflix Inc's playbook. Below are some of the shows, curated from media reports and Apple's own announcements, which are part of the iPhone maker's content library.
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?(Continued from Prior Part)EuropeWhile the rest of the world recovered from the 2007–2008 financial crisis, Europe (VGK)(EZU) has been engulfed in one crisis after another.
Tech stocks have made a spectacular comeback this year but face a number of political and economic risks that could send crashing again.
Apple is going to debut its video streaming service on Monday. Apple has been so secretive about how it plans to package the service that even its partners don't know details. Apple AAPL is going to announce its new video streaming service plans at an event in Cupertino, Calif., on Monday, March 25.
Tim Cook has been touring China ahead of this weekend's China Development Forum, where he called for privacy regulation last year. It's not immediately clear if Cook will attend this year's event. According to local reports, Cook met with Chinese Vice Premier Sun Chunlan on Friday.
President Donald Trump on Friday said he’s nominating former campaign adviser Stephen Moore to be a governor of the Federal Reserve -- potentially putting a political loyalist in lockstep with Trump’s view on juicing the economy into the middle of Fed deliberations heading into the 2020 election. Trump has gone from heckling Fed Chairman Jerome Powell on Twitter to trying to give one of his allies a hand on the levers of U.S. monetary policy. As a Fed governor, a position that requires Senate confirmation, Moore would be in a position to espouse his and the White House’s view that the economy can grow much faster without generating inflation.
The Latest on Tech Stocks Apple, Google, Disney, and Netflix(Continued from Prior Part)Apple’s new streaming service is expected to be unveiled next week Apple (AAPL) is expected to unveil its much-anticipated video streaming service on March 25.
XPeng was likely little known to most people in Silicon Valley before a trade theft lawsuit by Tesla this week. But it has partnered with Nvidia and is one of a growing number of Chinese auto tech startups in Silicon Valley.
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?Mario Draghi Today, we got another round of dismal data points from Europe (VGK)(EZU). According to a Markit survey, Germany’s (EWG) March PMI Composite Output Index fell to a
Apple has been tight-lipped about its plans for enhanced streaming services, which are expected to be unveiled on Monday. But analysts are already trying to handicap who could be the biggest winners and losers.
Mark Mahaney, RBC Capital Markets lead tech analyst, said Netflix may thank "Stranger Things" for a bump in its stock. The streaming platform is likely to be one of the two or three streaming services he expects consumers to pay for in the next few years. Media giant Netflix shouldn't be too worried about Apple's new streaming service, which is expected to be announced on Monday, closely followed analyst Mark Mahaney told CNBC.
The Latest on Tech Stocks Apple, Google, Disney, and Netflix(Continued from Prior Part)Apple just announced its latest set of AirPodsOn March 20, Apple (AAPL) announced the second generation of its wireless earbuds, AirPods. The newest version of
The prominent paper isn't willing to risk giving up $15 per month per subscriber in exchange for a cut of $5 per month.
Apple (AAPL) got a bid on Thursday, as it increased in value by nearly 4% which was driven by some optimistic commentary relating to its services business revenue. The service business offers the most potential for growth, which is why Apple’s management team has continued to shift the focus towards service revenue growth and not hardware revenue growth in the past couple fiscal years.The hype was driven by expectations for a streaming video service that Apple will launch on March 25th, 2019. The event will announce the launch of an Apple Video streaming product, which would compete with companies like Netflix, Amazon Prime Instant Video, and so forth.There’s no doubt that Apple could gain momentum in the streaming segment of the market given its installed base of users, but the amount of money they would have to invest into content might create some challenges with making immediate profits from the business unit in the immediate year or so.That being the case, there’s some optimism among analysts, as there could be room for more video streaming providers in the market. Streaming video might not be as saturated of a market, assuming Apple can price its service similarly to its competitors and could offer an expansive and differentiated TV show and movie library. The company certainly does have the financial resources to build-up a decent sized video streaming offering, but it would also face competition from well-established players in the industry for those content rights.Apple is expected to spend $1 Billion on content this year, which means Apple would need to amass 8 million subscribers this year (at $10/month or $120/month per subscriber) for revenue to match the content spend.Some believe that Apple could ramp-up its subscriber base even quicker. Wedbush Analyst Daniel Ives mentioned in a note released to clients of the Investment Bank on March 31st, 2019:> If Apple executes with minimal speed bumps and aggressively acquires content, given the company’s massive installed base and unmatched brand loyalty we believe reaching 100 million subs in the medium term (3 to 5 years) is a realistic goal that could translate into a $7 billion to $10 billion annual revenue stream over time for Apple and further cement its installed base and halo effect. For the stock, if Apple is successful with its latest streaming endeavor (which we believe they will be) and reaches some of these potential subs/revenues numbers annually we estimate, this will add roughly $15 per share to our SOTP valuation on Apple and translate to a $215 per share valuation for the name. We maintain our OUTPERFORM rating while raising our price target to $215 from $200. (To watch Ives' track record, click here)There are a lot of moving parts to these expectations, but the addition of $10 Billion in annual subscriber revenue would add $15 to the stock price based on Wedbush estimates. Of course, a lot could change in the next five-ten years, as Apple has yet to launch its streaming video product, and it did take Netflix a lot longer to reach its first 100 million subscribers (roughly 10-years from the launch of video streaming in January 2007 until April 2017 when it announced its 100 millionth subscriber). The growth ramp of Netflix was relatively incredible, and to anticipate Apple to reach 100 million subscribers within five-years might be aggressive though it’s not necessarily impossible.Apple would need to make strategic acquisitions of entire movie production companies, which would increase its access to pre-existing tentpole movie franchises. They need some high-quality movie licenses to address its audience with new content on a regular enough basis. Assuming they have a great content offering, and they were to incorporate acquisitions into its strategy it might give them a large enough of a show/movie viewing library to compete with Netflix at 139 million subscribers, which has both the financial resources and growth runway to keep adding to its already large content library.Even so, Apple could look at various studios like a24, Lionsgate, Sony Pictures, CBS/Viacom, and MGM according to Daniel Ives from Wedbush Securities. The bigger opportunity could be the movie or broadcast studios, as they could get acquired by either Apple or Amazon, maybe even Netflix at this point.The incremental value to shareholders from the launch of an Apple branded streaming service seems modest, as an additional $10B in annual revenue barely moves the needle for Apple’s topline at $250B to $260B forecasted sales in FY’19 and FY’20, but it at least fuels the service revenue growth story. Until there’s a big jump in hardware sales any attempts to expand the service business would add optimism.But, even then, the bigger opportunity is the potential M&A activity for movie studios, which would be bought at a premium. Investing into some of the smaller movie studios on industry consolidation could be an alternative investment opportunity as well. Read more on AAPL: * Apple (AAPL): iMac Update Should Not Affect the Stock Negatively — Here’s Why * Looks Like Apple (AAPL) Stock Has Got Its Mojo Back * Apple (AAPL): The Healthcare Opportunity Is Not Priced Into the Stock * What’s Next for Apple (AAPL) Stock? More recent articles from Smarter Analyst: * This Cannabis Stock Just Got a Huge Vote of Confidence * Micron (MU) Stock Looks Poised for a Turnaround * Stifel on Amarin (AMRN): Nothing Fishy About This Stock -- It's a Buy! * This Analyst Takes Biogen (BIIB) Alzheimer's Failure Personally
Apple's iPad Mini is back, and it proves why it's still the best tablet on the market. Here's Yahoo Finance tech editor Dan Howley with his take on this latest device.