|Bid||1,096.31 x 900|
|Ask||1,096.67 x 800|
|Day's Range||1,088.20 - 1,101.20|
|52 Week Range||977.66 - 1,296.97|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||27.49|
|Earnings Date||Jul 22, 2019 - Jul 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,336.80|
In the first part of our series on the future of big tech, Yahoo Finance’s Alexis Christoforous and Brian Sozzi debate the calls to split up the tech giants with Editor-in-Chief Andy Serwer and Rick Newman.
The influence of big tech has grown immensely, touching so many aspects of daily life. Yahoo Finance's Julie Hyman and Adam Shapiro spoke with former Defense Secretary Ash Carter about the difference between how things are running currently versus how they did in the past.
Apple CEO Tim Cook took the stage at the 2019 Stanford University commencement ceremony to deliver an address that hammered the tech industry over privacy practices and a failure to account for leaks and hacks.
Shares of Netflix Inc. surged Monday, on track for the first gain in six sessions, after a Piper Jaffray analyst said he expects the video streaming giant to beat second-quarter U.S. subscriber growth expectations.
The app will offer crisis navigation warnings and provide detailed visual information about hurricanes, tornadoes, and earthquakes.
Huawei has revised its smartphone estimates for 2019. The company expects smartphone shipments to decline by a hefty 40.0% to 60.0% YoY this year. With the US ban, Huawei might look to develop an operating system to replace Google’s (GOOGL) Android.
Needham analyst Laura Martin wrote Monday that Facebook Inc. appears to be in a worse position than Big Tech peers Alphabet Inc. and Apple Inc. given that the Federal Trade Commission and not the Department of Justice has jurisdiction to investigate the company's practices. Martin points to several aspects of the FTC's mission statement that indicate to her that the agency has a wider scope for its investigations. The FTC's mission statement conveys a focus on "preventing anti-competitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity" and mentions that the agency is "the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy." To Martin, this mission means that the company "can look into almost anything it wants to in any industry it wants to" and can "pivot and look at a different potential infraction" if it doesn't find anything in one area. The FTC also has public hearings, which could bring negative attention to Facebook, while peers Alphabet and Apple are now under the eye of the DOJ, which runs a closed investigative process. Martin has a hold rating on shares, which are up 38% so far this year, as the S&P 500 has risen 12%.
China technology giant Huawei is estimating a 40.0% to 60.0% drop in global smartphone shipments. This revised estimate comes after President Donald Trump’s ban on the use of Huawei technology. Huawei is also considering retracting its latest smartphone model, the Honor 20, from overseas markets.
Evercore ISI analyst Kirk Materne was arguably overselling it when he suggested stepping into a Microsoft (NASDAQ:MSFT) position because of its opportunity to grow within the video gaming industry. There are plenty of other better reasons to own MSFT stock. Indeed, video games remain a relatively small part of the software giant's total businessSource: Shutterstock Nevertheless, his point is well taken. For all that Microsoft has already done to carve out its piece of the video game market, what's coming in 2020 could actually be game-changing.Rival Sony (NYSE:SNE) has also already hinted at its planned next entry in the race, with its next-generation PlayStation console sporting some impressive specs. Alphabet (NASDAQ:GOOGL) is entering the fray too, skipping the development of a console altogether and remotely handling all the heavy-duty game processing from the cloud. Next year may well be the year, however, one company puts its finger directly on the pulse of what the video-gaming market wants.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Project ScarlettIn terms the average teenage gamer would understand, the next generation of Microsoft's Xbox series looks like it's going to be a "beast." Powered by Zen 2 and Radeon-based graphics hardware from Advanced Micro Devices (NASDAQ:AMD), the console coming out late next year will offer 8K graphics and frame rates up to 120 per second. It's a level of visual detail that borders on perfection. The still-unnamed console, simply called Project Scarlett for now, will also utilize solid state drives. * 7 Stocks to Buy for the Coming Recession All told, Microsoft described the in-development console as being four times as powerful as the Xbox One X, which is the latest commercially available choice in its franchise.The specs largely mirror those Sony touted for its next-gen PlayStation, which should become available late next year as well. Microsoft is arguably doing more to bring more gamers into its ecosystem though. Namely, the company is beefing up its game-streaming offering.Although subject to a name change, what's being called xCloud for the time being will allow players to stream games from their consoles to other devices including phones and tablets.At the same time, Microsoft as adding another tier to its existing Game Pass service. Called Xbox Game Pass Ultimate, which is primarily a combination of Xbox Live Gold and the familiar Game pass. The new product works for PC as well as console games.And yet, as forward-thinking as Microsoft's gaming endeavors may be, the company is also backwards-minded … as in compatibility.Although it didn't clarify exactly what constitutes a "generation," the company's presentation at this year's E3 event said "Thousands of games across four console generations will look and play best on Project Scarlett." In other words, older game discs that wouldn't normally be playable on new hardware will now be playable on new consoles, relieving gamers who don't wish to rebuild an entirely new gaming library. Effect on MSFT StockEven if Project Scarlett is a smash hit, it's not likely to decidedly buoy the value of MSFT stock. It's certainly not going to hurt though.In its infancy, Microsoft's Xbox was seen as more of an experiment than a profit center. Built to utilize its DirectX coding that couldn't be fully realized with personal computers, it's unlikely that when the first Xbox was sold in 2001, the organization ever thought it would become the success it's become.But, gaming is still only a small part of Microsoft's total business.While it's difficult to ferret out details, last fiscal year (ending in June), the company's "More Personal Computing" division generated $42.7 billion, or 38% of its top line of $110.4 billion. That division, however, also includes sales of its Windows operating system, Windows commercial and cloud product, search engine revenue, and revenue from sales of its Surface line of tablets. That's a lot of different business lines making up a relatively modest piece of the revenue pie. * 7 High-Quality Cheap Stocks to Buy With $10 To its credit, the More Personal Computing division's sales improved 8% last year, and last quarter's gaming revenue grew 7%. Xbox software and service revenue was up 15% on a constant currency basis, more or less lining up with the 9% improvement in sales for the entire division. But, gaming just doesn't offer enough firepower on its own to meaningfully move the dial for the company.The nickels and dimes still add up. Bottom Line for MSFT StockWhile not solid enough reason to step into a stake, the fact that video gaming isn't a game-changer for Microsoft doesn't mean MSFT stock isn't worth owning. It is. The company is absolutely crushing it with its cloud business, and Wedbush analyst Daniel Ives recently touted the idea that it was closing the gap on Amazon (NASDAQ:AMZN) by virtue of winning "larger and more strategic" enterprise-level cloud business. Its business productivity and networking platforms are on a roll as well.But gaming? For better or worse, video games are a low-impact business for the software icon and Microsoft stock investors.As of this writing, James Brumley did held a long position in Alphabet. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Next-Gen Xbox Won't Launch Microsoft Stock, But It Doesn't Need To appeared first on InvestorPlace.
What was supposed to be a roundtable discussion functioned more like a public drubbing of YouTube. A decade ago, fretful parents worried about video games and slasher films—but today, YouTube incites greater fear. Alicia Blum-Ross, YouTube’s policy chief for kids and family, tried to convince the room that her company was getting quality content to kids.
Huawei Technologies Co. is preparing for a drop in international smartphone shipments of 40 million to 60 million as the Trump administration’s blacklisting hammers one of the Chinese tech giant’s most important businesses. China’s largest technology company is crunching internal estimates and exploring options including pulling the latest model of its marquee overseas label, the Honor 20, people familiar with the matter say. The device begins selling in parts of Europe June 21 including France and the U.K., but executives are monitoring the launch and may cut off shipments if it sells poorly as expected, they said, asking not to be identified discussing internal matters.
Stanley Chen will become managing director of Greater China sales, the company said Monday, taking up a post Scott Beaumont vacated after he was appointed Google’s Asia-Pacific president in March. The incoming executive, who will be based in Shanghai, had been general manager of its Taiwan business for eight years. Google takes in about 15% of its annual revenue from the Asia Pacific even though it pulled its search engine from the world’s No. 2 economy around 2010, citing censorship.
Google has appointed Stanley Chen, who previously ran the US tech group’s Taiwan operations, to head its China business — plugging a key gap in the top layer of its Asian management. Google’s management ...
The fear in Silicon Valley is that antitrust investigations of big tech will blunt momentum of an industry that powers the U.S. economy. But history tells us another story.
Facebook, Inc. (NASDAQ:FB) started out as a simple website for Harvard students to connect with their schoolmates. It then became the coolest place for college kids to hangout. By December 2006, Facebook (NASDAQ:FB) was already open to everybody and it boasted 12 million users. Over the last decade, Facebook (NASDAQ:FB) has transitioned from being a […]
Today's tech headlines include Facebook's Libra, Pixel 4 leaks and Tesla chief Elon Musk in hot water over tweets.