|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||133.81 - 135.93|
|52 Week Range||93.96 - 135.93|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||30.15|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||1.84 (1.36%)|
|1y Target Est||143.16|
Microsoft has expanded the reach of its Chromium-based Edge browser to one ofits most important audiences: namely, people who have to (or want to) useolder versions of Windows
Kano is graduating from Raspberry Pi boards. Today, the company is announcing a partnership with Microsoft and unveiling its first build-it-yourself computer that officially runs Windows 10. The aptly-named Kano PC is housed in a central unit that is visually similar to its 'complete' Computer Kit Touch.
Microsoft today announced that its first data center regions in the Middle East are now online. The data centers are located in Abu Dhabi and Dubai and will offer local access to the usual suite of services, including Azure's cloud computing services and Office 365. Support for Dynamics 365 and Microsoft's Power Platform will arrive later this year.
(Bloomberg) -- Oracle Corp.’s shares climbed after the world’s second-largest software maker returned to sales growth and gave a forecast indicating the momentum may continue. For investors, the results were a reprieve amid the company’s uneven transition to cloud-based computing.Revenue increased 1.1% to $11.1 billion in the period ended May 31 from a year earlier, the Redwood City, California-based company said Wednesday in a statement. Analysts, on average, projected $10.9 billion, according to data compiled by Bloomberg. Oracle said sales will grow as much as 2% in the current period.Chief Executive Officers Safra Catz and Mark Hurd have sought to maintain Oracle’s large customer base as the company competes with a dizzying number of rivals in the cloud-computing space. The software maker’s stumbles against Amazon.com Inc. and others have spurred the company to seek help from unlikely sources. Earlier this month, Oracle announced an alliance with longtime rival Microsoft Corp., letting customers use their respective clouds.The period marked Oracle’s first year-over-year increase in total revenue since the fiscal first quarter.Oracle shares jumped about 5% in extended trading after closing at $52.68 in New York. The stock has gained 17% this year.Profit, excluding some expenses, will be 80 cents to 82 cents a share in the period that ends in August, Catz said on a conference call. The forecast is in line with Wall Street’s average estimate of 81 cents. Oracle reported an adjusted profit of $1.16 a share in the fiscal fourth quarter, compared with estimates of $1.07 a share.Pat Walravens, an analyst at JMP Securities, said Oracle’s sales and profit outlook brought relief to concerned investors.“These are small numbers but we seem to be making some progress,’’ Walravens said in an interview. “Oracle is doing a nice job on the applications side, but on the infrastructure side you’re competing against Microsoft, Amazon Web Services and the Google Cloud. That remains highly competitive.’’Larry Ellison, Oracle’s billionaire co-founder and executive chairman, said some corporate applications for the cloud are finally boosting overall growth, even as product lines like the company’s data-broker business declined.“We are focused on our star products and our star products are now driving the top line higher,” Ellison said on the call. “We have these other businesses that are melting away and we just don’t care.”Cloud license and on-premise license sales increased 12% to $2.52 billion, suggesting that Oracle is doing a better job of signing on new customers. The company said that revenue from NetSuite grew 32%, and Fusion HR and financial suites gained by the same amount. Hurd has been keen to chase growth by selling apps and set a target for attaining 50% market share to best rival SAP SE.Revenue from cloud services and license support was unchanged at $6.8 billion in the quarter, Oracle said. While that metric includes revenue from hosting customers’ data on the cloud, a large portion is generated by maintenance fees for traditional software housed on clients’ servers. The unit accounted for more than 60% of total revenue.Sales of Oracle’s servers declined 11% in the period. Catz said the company has chosen to “downsize our low-margin legacy hardware business,” which Oracle acquired when it bought Sun Microsystems.Oracle has been firing workers around the world to cut expenses. The company’s adjusted operating margin reached 47%, the highest in five years. The company’s costs related to restructuring also doubled to $168 million in the quarter compared with a year earlier.The deal between Oracle and Microsoft will allow mutual customers to connect databases on Oracle’s cloud to applications on Microsoft’s Azure cloud. The agreement signified a concession by Oracle that it won’t be able to compete against Amazon Web Services alone. AWS offers cheaper versions of the databases that make up Oracle’s core business.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Dell, HP and Microsoft, which together account for 52% of the notebooks and detachable tablets sold in the United States, said the proposed tariffs would increase the cost of laptops in the country. The move would hurt consumers and the industry, and would not address the Chinese trade practices that the Trump administration's office of the U.S. Trade Representative (USTR) seeks to remedy, the four companies said in a joint statement posted online https://www.regulations.gov/document?D=USTR-2019-0004-2010.
The renovation will add 2.5 million square feet of office space at Microsoft's Redmond campus, enough to accommodate an additional 8,000 employees.
Oracle earnings and revenue came in better than expected Wednesday, as the database software company continues a lengthy business-model transition to cloud computing. Oracle stock rose.
Microsoft, the world's most valuable company, got a boost Wednesday from an upbeat assessment by a Wall Street analyst. Microsoft stock notched a record high on the bullish report.
Slack is set to go public, and its listing is turning heads -- and not just because it's a rare direct listing, either. The enterprise tech firm is planning a direct public offering (DPO) -- a listing that bypasses the traditional underwriting process -- on Thursday, June 20, and it'll be the latest unicorn to launch into the public markets. On Wednesday, the NYSE set a reference price of $26 per share, a figure that places Slack's valuation at roughly $16 billion.
On June 18, Facebook (FB) launched Libra, its own cryptocurrency. On the same day, CoinDesk published another piece of blockchain news that didn’t receive as much fanfare as Facebook’s Libra news. Was the timing a coincidence? We think not.
Strong growth for cloud computing and software companies alongside unusual buy signals could drive additional gains for Microsoft stock.
Following the 2019 Electronic Entertainment Expo (E3), the video game industry's biggest conference of the year, two things have become abundantly clear. Cloud gaming is the future of the gaming industry and that future is coming soon.Cloud gaming is broadly defined as the ability to stream video games through the cloud, without any chunky hardware or lengthy downloads, and play those video games on any internet-connected device, like a smart TV, computer or smartphone. It's basically Netflix (NASDAQ:NFLX), but for video games. Consumers pay a monthly fee to play video games through the cloud. And, much like Netflix uprooted traditional television due to its pricing and convenience advantages, cloud streaming services will uproot the traditional video game industry due to the same price and convenience advantages.As such, cloud gaming is inevitably the future of the gaming industry.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat future is coming soon … very soon. At E3, many of the leading players in this industry announced that their cloud gaming services would have limited roll-outs later this year, and full launches in 2020. Thus, it seems inevitable that the video game industry in the early 2020's will be one dominated by a shift from traditional video game consumption, to cloud gaming consumption. * 10 'Buy-and-Hold' Stocks to Own Forever The investment implication of that shift? Stocks on the right side of the cloud gaming shift should win big in the early 2020's. With that in mind, let's take a look at six cloud gaming stocks to buy to play this secular pivot. Alphabet (GOOG)Source: Shutterstock For all intents and purposes, it looks like internet search and cloud giant Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has taken the lead in developing a true cloud gaming service.Alphabet first announced its cloud gaming service, dubbed Stadia, in March. At it's pre-E3 event, Alphabet divulged more details about Stadia. Broadly, there are two parts here. First, the hardware, which is just a controller to play the games. Second, the software, which is Stadia Pro and enables gamers to stream a library of video games to multiple devices. The controller costs about $70. Pro costs about $10 per month, so similar to Netflix pricing. The service presently supports about 30 games, but will grow over time. All of this is set for a limited roll-out in November 2019, and a full launch in 2020.All in all, Alphabet is set to launch its true cloud gaming service Stadia later this year. That early launch will give Stadia a first mover's advantage in this market. Further, Alphabet has a big enough data center network around the world that Stadia should be able to turn that first mover's advantage, into a long-term advantage, meaning Stadia does project as an important player in the cloud gaming world at scale.Is that a reason to buy GOOG stock? Yes. Cloud gaming will help lessen Alphabet's reliance on advertising revenues, and broaden and lengthen Alphabet's growth narrative. That will ultimately push GOOG stock higher. Microsoft (MSFT)Source: Shutterstock Right behind Alphabet in the cloud gaming world is peer global tech giant Microsoft (NASDAQ:MSFT).Microsoft just announced its Project xCloud, which is the company's cloud gaming initiative that launches in October 2019 and allows gamers to stream Xbox games across a variety of different devices. Project xCloud is different from Stadia in many ways. First, we don't have many details on xCloud. Second, xCloud is more of a cloud extension of Microsoft's Xbox console than anything else. Third, the goal of xCloud isn't to create a consolidated cloud gaming platform; rather, it's to get gamers to play Xbox games more frequently across multiple different devices.As such, xCloud in its current status will serve as a perfect cloud complement to the Xbox. Naturally, that positions xCloud to get a big early user base through current Xbox owners. Further, Microsoft has a large enough global hyper-scale data-center presence to support xCloud being arguably the best performing cloud gaming service in the world. * 7 Fantastic Fidelity Funds for a Range of Investors Will MSFT stock move higher because of xCloud? Perhaps. MSFT stock goes as its cloud businesses go and xCloud is a cloud business. Traction in xCloud could consequently excite the investor base, and push Microsoft stock higher. Apple (AAPL)Source: Shutterstock There are four big tech companies with $700 billion-plus market caps. Three of them are jumping into the cloud gaming space. We've already talked about two of them: Alphabet and Microsoft. Now, let's talk about the third -- Apple (NASDAQ:AAPL).Apple is jumping into cloud gaming with its Apple Arcade service. In short, Apple is taking all the best games in the App Store, putting them in a gaming library in the cloud, and allowing consumers to access that library for a monthly fee. That monthly fee hasn't been announced yet, but will probably wind up somewhere around $10 per month. Also, gamers can access Apple Arcade on mobile or through a computer.This is a big move for Apple. The company's bread-and-butter, the iPhone business, is running out of growth runway. Apple is rapidly pivoting into the software and services space to help offset slowing hardware growth. This pivot is working … to a degree. But, it will work a whole lot better if Apple can successfully turn Arcade into a mobile/PC gaming equivalent of Netflix.Is that possible? Sure. Apple has huge market share in smartphones and computers, and they will leverage that huge physical presence to help push their software services, which should increase adoption and help these relatively new services scale quite quickly. As Arcade does scale quickly, the Services business will get a boost, and AAPL stock will move higher. Electronic Arts (EA)Source: Shutterstock The dark horse in the cloud gaming wars is video game publisher Electronic Arts (NASDAQ:EA), which announced its cloud gaming platform Project Atlas back in 2018.Details on Project Atlas are scant, and from a media coverage and announcements perspective, it seems to have fallen behind Stadia, xCloud and Apple Arcade. Nonetheless, EA has a leg up here because it is a video game publisher that owns the content that many gamers want to play. As we've seen with Netflix and the video streaming wars, content is everything. Thus, EA comes into the cloud gaming world with a winning hand.Will that winning hand help EA create a market-leading cloud gaming platform? Perhaps. We still don't know what this market will look like in the future. But, we do know that whatever the market does end up looking like, EA will be a part of the picture, either as a cross-platform content provider, or a cloud gaming platform owner. * 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns Either way, the cloud gaming pivot is a good thing for EA. It will push revenues higher, increase revenue visibility and help expand the multiple on EA stock. All three of those things will help move EA stock higher in the long run. Advanced Micro Devices (AMD)Source: AMD The first four companies on this list were potential providers of cloud streaming service. This fifth company, however, is the chip giant that is powering those cloud streaming services behind the scenes.Advanced Micro Devices (NASDAQ:AMD) is a CPU and GPU company that services many different end markets. One of those end market is gaming. AMD does pretty well in gaming with its GPU chips. For example, the company's GPU chips have long been the fuel behind Microsoft's Xbox gaming consoles. Now, as tech giants are pivoting their gaming services to the cloud, many of them are tapping AMD to power their cloud gaming platforms, too.Namely, Microsoft's xCloud streaming service and Alphabet's Stadia streaming service will both be built on AMD GPUs. Those are the two premiere, leading cloud gaming services, and both of them are tapping AMD for their GPU power.That's impressive. If AMD can maintain this trend of being the go-to GPU power behind the cloud gaming industry, then AMD's revenues and profits will see a nice lift. That nice lift could provide an equally nice lift to AMD stock in the long run. Nvidia (NVDA)Source: Shutterstock Last, but not least, in this list of relevant cloud gaming stocks to buy is Nvidia (NASDAQ:NVDA), the chip giant that has dual exposure to the cloud gaming market.On one end, Nvidia has already built its own cloud gaming service, called GeForce Now. According to most accounts and sources, GeForce Now is probably the best cloud gaming service out there right now. But, it's limited. It focuses exclusively on computer games, and is in a beta, invite-only phase. Nvidia has not mentioned any intentions to open the floodgates for GeForce Now. As such, while Nvidia has built one of the world's best cloud computer gaming platforms, that platform isn't set for a commercial roll-out just yet.Perhaps that's because on the other end, Nvidia makes the GPU chips that are the building blocks for cloud gaming services. Nvidia has long been considered the king of the GPU market, and king of the data-center market. Naturally, that positioning makes them seem like the obvious choice to power cloud gaming platforms.Net net, Nvidia has established dominance in the markets which are the fundamental building blocks for cloud gaming. In the long run, Nvidia will either leverage that dominance to build the best game streaming platform, or be the best provider of game streaming building blocks. * 10 Tech Stocks to Buy Now for 2025 Is this a big deal for NVDA stock? Absolutely. Nvidia's long-term growth narrative is all about cloud, AI and data, and cloud gaming is a big part of that narrative. As such, cloud gaming should be one of the many reasons why NVDA stock heads higher in the long run.As of this writing, Luke Lango was long NFLX, GOOG, AAPL, EA and NVDA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post 6 Cloud Gaming Stocks to Buy for 2020 and Beyond appeared first on InvestorPlace.
The federal government’s desire for digital transformation is driving big competition in the contracting market, and John Epperly is looking to ride that wave with a mix of mobile and emerging technologies.
(MSFT) stock (ticker: MSFT) is hovering at all-time highs, with a market cap just above $1 trillion, giving it about a $70 billion lead on Amazon (AMZN) for the title of World’s Most Valuable Company. Deutsche Bank analyst Karl Keirstead this morning repeated his Buy rating on the stock, boosting his price target to $155 from $145. Keirstead writes in a research note that in a 90-minute meeting with the CFOs of two of Microsoft’s businesses, neither mentioned seeing any softening or change in enterprise demand.
(Bloomberg) -- Of the five biggest tech companies in the U.S., Microsoft is the only one that isn't currently in the crosshairs of U.S. antitrust authorities. The software giant already took its turn through the regulatory wringer starting two decades ago, a years-long confrontation that resulted in the finding that the Redmond, Washington-based company had illegally maintained its monopoly for personal-computer operating-system software. The case dealt with the company's moves to kneecap the Netscape web browser by bundling its own product, Internet Explorer, into Windows, the dominant PC operating system.A federal judge ordered the company split in two in 2000, a fate Microsoft avoided when an appeals court reversed that part of the ruling and the company eventually settled. That 2002 settlement led to nine years of court supervision of the company's business practices and required Microsoft to give the top 20 computer makers identical contract terms for licensing Windows, and gave computer makers greater freedom to promote non-Microsoft products like browsers and media-playing software. Because observers and legal pundits almost uniformly agree the software giant did virtually everything wrong in the course of the investigation -- which had its start as early as 1990, followed by a 1998 Justice Department lawsuit -- in retrospect its story serves as a useful instruction manual of what not to do.While no formal inquiries have yet been opened, the Federal Trade Commission and Justice Department carved up the territory of big tech -- Amazon.com Inc., Apple Inc., Alphabet Inc.’s Google and Facebook Inc. -- as they prepare to dig in on antitrust issues. The Department of Justice will look at Google, which dominates the online search and advertising spaces, and Apple, whose pervasive App Store is likely to be under examination. The FTC drew Facebook, with its behemoth social networking and messaging apps and a slew of recent privacy missteps, and e-commerce giant Amazon, which has been pushing into areas like grocery and health. As these companies build their legal teams and prepare strategies for the fight ahead, here are several lessons that Google, Amazon, Apple and Facebook can learn from Microsoft's battle with the feds.Don't deny the obvious. Or don't even put up a fight about whether you have a monopoly. Microsoft, whose Windows software accounted for about 90% of the market for PC operating systems, opted to argue that the space was actually competitive. Parts of the argument included videos where Microsoft employees offered a straight-faced marketing pitch for the benefits of rival Linux programs with a tiny share of the market. The impulse is understandable -- monopoly sounds like a dirty word. But U.S. antitrust law doesn't expressly forbid having a monopoly; it outlaws doing certain things to establish, maintain or extend one. That led some legal scholars to argue that Microsoft would have been better served by copping to the Windows monopoly and establishing a legal beachhead against the idea that it did anything illegal to gain it or keep it. Arguing against something so self-evident via the company's very first witness strained credibility and started the case off on a bad footing.It's easy to imagine a similar issue applying to Google, which has more than 84% of the web-search market and controls 82% of mobile-phone operating systems. In the app-store business, Google and iPhone maker Apple together control more than 95% of all U.S. mobile app spending by consumers, according to Sensor Tower data. Apple CEO Tim Cook earlier this month told CBS that his company doesn’t have a dominant position in any market. But regulators may look at the power it wields through its app store. It could be more effective for these companies not to start by denying that leadership position -- if you have 80% or 90% percent of a market, arguing that you don't really dominate isn't the hill you want your legal reasoning to die on. Don’t resort to spin. Microsoft's credibility with the press was no higher, hurt by constant counterfactual statements and spin. Each day, after a bruising in court as government lawyer David Boies poked holes in executive testimony and Judge Thomas Penfield Jackson alternated between chuckling at the witnesses and chastising them, Microsoft deployed a hapless PR person to the steps of the courthouse to recite the words, "Today was another good day for Microsoft." It never was. Assume everything will be made public.Among the list of horrifying moments for Microsoft in court was the public showing of parts of the 20 hours of depositions of co-founder and Chief Executive Officer Bill Gates. The tapes (yes, they were tapes -- this was the 90s) showed an ill-lit, evasive and combative Gates engaging in Clintonian word-wrangling, such as asking about the definition of the word "definition" and arguing what "market share" meant. Microsoft claimed it had been assured the tapes would never be shown in court, or the company would have taken greater care with Gates’s appearance and manner. During their playback in court, the judge laughed at several points -- not the impression the software giant wanted to make on either Jackson or the public. Jackson told New Yorker reporter Ken Auletta that Gates came off as "arrogant" in the depositions.Just as bad for Microsoft, an array of internal emails were read aloud in court that contradicted the testimony of its executives, which further angered Jackson. The takeaway? Assume everything will be aired in the court of public opinion. If it was true 20 years ago, it’s even more apparent in the current era of oversharing, thanks to the tech companies’ own services. Don't be condescending about the technology. Most lawyers, judges and regulators don't appreciate being told or having it implied that they lack the ability to apprehend certain tech concepts. Or that the reason they think there's been an antitrust violation is because they just don't "get" the technology. It was true that Jackson and Boies seldom used a computer at the time. But it didn't require a computer science doctorate to divine the legal merits of the case. At the height of Microsoft's hubris (or carelessness, or both), the company sent Windows chief Jim Allchin to the stand with a doctored video that purported to show how computing performance would be degraded when the browser was removed from Windows on a single PC. It was actually done on several different computers and was an illustration of what might happen rather than a factual test, as the company initially claimed -- a fact that came to light only after several days of the government picking through every inconsistency in the video. Microsoft remade the simulation several times in an effort to save the testimony. The company seemed to think it could get away with baldy stating a technological claim and mocking up something that backed it up, perhaps reasoning that no one would know the difference, but it miscalculated badly (Joe Nocera, now a Bloomberg columnist but then writing for Fortune, recounts the whole cringeworthy story).Choose your lawyers wisely.Microsoft took on the U.S. government led by a combative Gates and an equally aggressive general counsel, Bill Neukom. Gates, the son of an attorney, was outraged, frustrated and convinced the company was being unfairly targeted. One of the company’s outside lawyers, from the firm Sullivan & Cromwell, said the company could put a ham sandwich into Windows if it wanted to. And throughout, Neukom not only failed to tamp down his executives’ worst impulses, he seemed to amp them up. His legal style led observers to point out that his last name -- pronounced `nuke 'em’ -- was quite fitting.The U.S. government’s latest antitrust targets should take heed: If your top executive's style tends towards waving a red flag in front of a bull, you may be wise to consider a top lawyer with a more conciliatory style. Google’s top executives have already raised the ire of lawmakers for refusing to appear before Congress, and no one has ever accused Jeff Bezos of being afraid of a fight. At Facebook, where Zuckerberg regards Gates as a mentor and observers see similarities in their styles and temperaments, this lesson might be particularly important.There are many different ways to lose.Right now, the companies are only at risk of an inquiry -- the agencies are deciding what, if any, action to take. But even at this stage, they should keep in mind that a loss doesn’t only mean a full-scale breakup or forced divestiture. Companies can avoid that extreme fate and still find, as Microsoft did, that the years of distraction from the fight have hampered their business and sucked up executive time and mental energy.In an interview last year at the Code Conference, Microsoft President and Chief Legal Officer Brad Smith lamented the distraction the case caused, and cited it as a reason the company missed out on the search market -- the business that fueled the runaway success of Google, now under the microscope itself. Others have pinned Microsoft’s abysmal performance in mobile computing partially on constraints and distractions from the case. Some of the company’s business missteps can fairly be attributed to poor execution and strategic errors that had nothing to do with the government dispute. Still, the notion that merely fighting an antitrust battle may do almost as much harm as losing one brings us to our last point.Consider settling early. It's hard to say with certainty what the late 1990s and early 2000s might have looked like for Microsoft had it found a way to settle with the government earlier than 2002. Still, for the government’s current targets, it's worth weighing a settlement against the impact of several years of investigation, a possible loss in court and potentially harsher restrictions or remedies. Amazon, Apple, Facebook and Google probably have a pretty good idea of what regulators may object to, and it’s worthwhile for them to consider ways to assuage those concerns while keeping the core of their businesses and future ambitions intact. The alternative is years of investigations, possibly damaging evidence and testimony, and ample distraction, all leading up to what could be a devastating loss in court. (Updates with earlier comments from Tim Cook. A previous version of this story corrected the attribution of an anecdote about a ham sandwich.)To contact the author of this story: Dina Bass in Seattle at firstname.lastname@example.orgTo contact the editor responsible for this story: Jillian Ward at email@example.com, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Microsoft seems to be trying to set aside some business rivalries if it believes that working with a rival could help it achieve its bigger-picture goal. In the videogame market, for instance, Microsoft and Sony compete for gaming console customers, but Microsoft looks willing to work with Sony if doing so will allow it to capture a larger share of the videogame market.
Streaming and new consoles are coming to the $100 billion video game industry but who is on the cutting edge, and who will be left behind, as the industry innovates?
Leading the Apple (NASDAQ:AAPL) rumor mill today is news of a new feature coming in watchOS 6. Today, we'll look at that and other Apple Rumors for Wednesday.Source: Apple watchOS 6: Owners of a Watch are going to be able to delete unwanted apps soon, reports TechCrunch. The newest update from the tech company will allow users to delete apps that come already on the device. This will give them the ability to better customize the device for their own wants and needs. Users can already remove some apps through an iPhone. However, this only works for Watch apps with an iPhone counterpart.Repair Partnership: A new partnership is bringing certified AAPL repairs to more locations, 9to5Mac notes. Owners of devices from the tech company that want them repaired can now stop by their local Best Buy (NYSE:BBY) location for the task. This partnership between the two companies means that all of the nearly 1,000 Best Buy locations in the U.S. will offer official repairs for the devices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGaming: A new report has Apple being one of the largest public gaming companies in the world, says AppleInsider. This new report comes from analysts over at Newzoo. The report finds that AAPL is the fourth-largest gaming company in the world. This is due to the large amount of money from mobile games on iOS devices. Beating out the company are Tencent (OTCMKTS:TCEHY), Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT).Check out more recent Apple Rumors or Subscribe to Apple Rumors : RSS As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post Wednesday Apple Rumors: Users Can Delete Unwanted Apps in watchOS 6 appeared first on InvestorPlace.
US equity markets rallied yesterday, and the S&P 500 (SPY) gained almost 1.0%. Markets have now largely recouped their May losses. Along with the dovish stance taken by European Central Bank President Mario Draghi, positive comments on US-China trade talks lifted markets yesterday.