359.97 0.00 (0.00%)
After hours: 4:41PM EDT
|Bid||359.59 x 800|
|Ask||360.30 x 1300|
|Day's Range||358.03 - 368.38|
|52 Week Range||231.23 - 423.21|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||134.32|
|Earnings Date||Apr 16, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||382.97|
John H. Meyer, Partner at Transpire Ventures, says Apple has “a solid chance at taking the number 2 spot in the streaming race” because of its focus on quality and not quantity. Yahoo Finance’s Alexis Christoforous speaks to him.
Yahoo Finance’s Brian Sozzi tells Alexis Christoforus that Wall Street investors are saying that what the company unveiled is not a Netflix killer.
Apple's upcoming Apple TV Plus streaming service could be a hit if the company gets the pricing right.
Apple (AAPL) and Amazon (AMZN) are two of the largest companies on the planet. The tech powers have reshaped industries and changed the way millions of people function on a daily basis. But today, Apple and Amazon face possible transition periods as they try to expand their offerings to drive growth. So which stock, AAPL or AMZN, is a better buy?
Shares of Roku rose Monday as investors decided that Apple’s streaming news was good for the stock. On Tuesday, it gave most of that back.
Currently trading at $360, we now need to reevaluate our positions (or lack of) in NFLX and assess if this seemingly exponential growth is going to continue. This behemoth in the subscription streaming services space is going to be facing some fierce competition for market share.
"Apple's event yesterday focused on launch of services and offered more breadth than investors expected, but at the same time it failed to offer the same depth that investors would have liked to see to position each category for success," JP Morgan analyst Samik Chatterjee lamented.
Apple’s new TV and videogame streaming services could be trouble for Netflix, an analyst said Tuesday. Apple TV+ will offer ad-free, exclusive content from award-winning directors like Steven Spielberg and Damien Chazelle. Apple will also offer a “channels” service in May, which will allow customers to purchase subscriptions from HBO and other well-known providers.
Apple TV+ will be a game changer, but the tech giant may not be playing the same game as Netflix and Disney when it comes to premium streaming video.
According to a permit just filed in Atlanta, the new location of Switchyards is planned for Atlanta’s Historic West End.
Key Tech and Media Updates: Apple, Netflix, Amazon, and Facebook(Continued from Prior Part)Netflix is testing a $3.6 per month mobile-only subscription in India Netflix (NFLX) has been very bullish on its business in India. The video streaming giant
Apple Inc. (NASDAQ: AAPL ) will enter the streaming video space and Netflix, Inc. (NASDAQ: NFLX ) investors have little reason to be concerned, according to Bank Of America. The Analyst Bank of America's ...
There were few surprises at Apple Inc.’s Monday event focused on services and subscriptions, but several key questions remain.
These trading ideas allow traders to play a possible bounce in entertainment names after Viacom's renewed carriage deal with AT&T.
On March 25, Apple (NASDAQ:AAPL) held its first big event of 2019. This one was meant to be a game-changer. Monday's event was the coming out party for the company's highly anticipated subscription video streaming offering. It was also meant to mark AAPL's pivot to a services company -- instead of one where revenue and Apple stock value is heavily reliant on sales of hardware -- chiefly, the iPhone. However, the reaction to everything Apple announced has been decidedly underwhelming.Source: Apple How underwhelming? Netflix (NASDAQ:NFLX) was widely expected to face a tough competitor in AAPL's new Apple TV+ video streaming service. Finally! A competitor with really deep pockets. But instead of Netflix stock taking a hit on the announcement, the script was flipped: NFLX closed up 1.45% while Apple stock was down 1.2% at the end of the day. Here's why Apple's big event got such a "meh" reception. Apple TV+ is No Netflix Killer, and It Doesn't Even Have a PriceThe tentpole announcement of the March 25 Apple event was the company's plans for a subscription video streaming service. Netflix now has 139 million subscribers, paying anywhere from $8.99 to $15.99 per month. With those sort of numbers, the prospect of AAPL launching its own video streaming service to challenge Netflix had significant upside for Apple's services revenue.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Consumer Discretionary Stocks to Buy Now There were some wins that were part of the Apple TV+ announcement. The Apple TV app needed to access the content is being made available across a huge range of streaming devices -- including devices from competitors like Amazon (NASDAQ:AMZN) and Roku (NASDAQ:ROKU). That's a big move toward wide-stream adoption compared to AAPL's usual strategy of sticking with the iPhone, iPad and Apple TV. Plus, an impressive number of Hollywood stars are working on exclusives for Apple.The problem is there's no way to tell if anyone will be interested in subscribing. The company showed off some interesting new original shows coming with Apple TV+ but there was no mention of a library of licensed TV and movie content that would be available to subscribers. As Bloomberg notes, inking deals for this content is getting much more difficult than it was in the early days of video streaming. And there was no subscription price announced.At the end of the day, Apple's offerings boiled down to a TV app that offers Apple TV Channels -- which mostly serves to organize your various video subscriptions and services in a single spot. AAPL may offer discounted pricing on some of those services, but the company hasn't confirmed that. The TV app will also be the home of Apple TV+, which at this point is only a handful of original content, with no price.Netflix investors celebrated, while Apple stock paid the price. Other Subscription Services Failed to ImpressApple also announced several other subscription services. Apple News+ was expected to be about newspapers and daily news -- a fair assumption given that it lives in the News app -- but instead the company focused on magazines. Near the end of the announcement, it was noted that several prominent newspapers would be included in the $9.99 News+ subscription, but there are key holdouts that refuse to participate including The Washington Post and The New York Times.Apple Arcade is a video game subscription service that touts 100+ exclusive, high quality titles for Apple devices, with no ads and no in-app purchases required. Getting gamers to commit to paying for a monthly subscription runs contrary to the whole "casual gaming" market that Apple's App Store helped to launch. Apple Arcade is also going to be running head on into a growing number of subscription gaming services when it launches in the fall, including Stadia, from Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google. The price? Apple didn't reveal what that subscription will cost. Why Apple Stock Took a HitApple's Services division is becoming increasingly important to the company's bottom line. Annual revenue for Services has more than doubled, from $18.1 billion to $39.7 billion in just five years. But to take the sting out of declining iPhone revenue -- which was nearly $52 billion in Q1 alone despite a 15% decline -- Apple's subscription services need to ramp up even more quickly. * 10 Tech Stocks With Key Products That Face an Uncertain Future What the company announced on Monday left as many questions as answers. Worse, there was nothing that stood out as a must-have or killer service, and there was an overall impression that AAPL is running into challenges negotiating with content partners. The lack of pricing on key subscriptions makes it all but impossible to even try to estimate the revenue potential at this point. Subscriptions and services have real upside potential for Apple stock, but with so many unanswered questions, the immediate market reaction had the opposite effect. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Appleas Big Event Failed to Impress Investors appeared first on InvestorPlace.
Key Tech and Media Updates: Apple, Netflix, Amazon, and Facebook(Continued from Prior Part)The excitement over Apple’s new service has caused the stock to popApple (AAPL) announced some details about its video streaming service yesterday. The
Ridesharing Company Expected to Price IPO Later This Week By John Jannarone Netflix, Snapchat, Grubhub – technology companies with blistering growth but little to no profit can be tempting investments. In the case of number-two ridesharing operator Lyft, investors should be careful before stepping aboard. Lyft, which is expected to price its IPO this […]