268.27 -2.50 (-0.92%)
Pre-Market: 8:25AM EST
|Bid||269.86 x 900|
|Ask||268.00 x 1200|
|Day's Range||268.53 - 271.10|
|52 Week Range||142.00 - 271.10|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||22.77|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||3.08 (1.15%)|
|1y Target Est||262.85|
Yesterday Apple’s redesigned, revamped Mac Pro went on sale. This is Apple’s first significant Pro-level desktop upgrade in a long time, but it comes at a price. A fully maxed out Mac Pro costs $52,000 Mac Pro. Well, $52,599, to be precise. And that DOESN’T include the $5,000 for a Pro Display XDR, or its $1,000 stand. We did some math, and think it's important you know that for that price, you could by over 2,000 Baby Yoda plush dolls. We trust you know how to best spend your money.
Microsoft has had an incredible year, from the growth of its cloud business to its plans to roll out a new game streaming service in 2020.
If you thought the saga of the $7,000 Apple Pro Display XDR couldn't get any more ridiculous, prepare yourself for the proverbial cherry on top: The company insists that you only use the single special cleaning cloth that comes with the monitor. Apple, already under fire from longtime users for the ever-increasing price of its products, attracted considerable ire and ridicule when it announced the high-end monitor in June. Of course, there are many expensive displays out there — it was more the fact that Apple was selling the display for $5,000, the stand separately for $999 and an optional "nano-texture" coating for an additional grand.
Saudi Aramco stock touched $2 trillion in market cap on its second day of trading, after an IPO that valued the state-run oil giant more than Apple.
The world’s most valuable company aims to eventually manufacture every new iPhone, Apple Watch, and glitzy yet-to-be-invented gizmo using 100% renewable power, and (this is the big one) without mining any new raw materials from the planet. What’s certain, though, is that it will require gargantuan amounts of recycling of materials from old products, for reuse in new Apple products. Apple already has steered billions of dollars into environmental efforts.
(Bloomberg) -- Saudi Aramco shares jumped for a second day, with the oil giant's value hitting the $2 trillion mark that alienated global investors and potentially making further share sales abroad more difficult.The stock climbed by the daily 10% limit to 38.7 riyals at the open in Riyadh before trimming gains. It was up 5.8% at 37.20 riyals at 1:54 p.m. local time in trading of 381 million shares, compared with 31.6 million for all of Wednesday.The surge reflects the kingdom’s efforts to engineer a successful start to trading after international investors balked at the price: Saudia Arabia encouraged local individuals to buy and hold the stock through cheap loans and a bonus-share plan, while pushing wealthy families and regional allies to buy as well. The offering consisted of only 1.5% of Aramco’s stock, so that investors who didn’t get allocated shares in the IPO had to buy in the secondary market.Aramco raised $25.6 billion in the deal, selling shares at 32 riyals each and overtaking Microsoft Corp. and Apple Inc. as the most valuable listed company.The IPO has become synonymous with Saudi Arabia’s controversial Crown Prince Mohammed bin Salman and his efforts to reshape the economy of the world’s biggest oil exporter. But his insistence on the $2 trillion valuation deterred international investors, many of whom said the stock was too expensive given governance and geopolitical concerns.Analysts at Sanford C. Bernstein & Co. said after the first trading day it’s already time to cash out. In a Bloomberg survey last month, global money managers put Aramco’s fair value at between $1.2 trillion and $1.5 trillion.While hitting the target may vindicate Saudi officials, it could complicate any plans to sell part of Aramco’s shares abroad as originally envisaged by Prince Mohammed in 2016, when he said a dual listing could raise as much as $100 billion. Saudi officials met in recent weeks with international investors to sound them out on a possible listing of Aramco’s shares in Asia, the Wall Street Journal reported Wednesday.Still, the IPO, touted as part of a blueprint for life after oil for the kingdom is a watershed moment for a business that’s bankrolled Saudi Arabia and its rulers for decades.The debut was cheered by Saudi and Gulf investors, who see the stock price supported by Aramco’s guaranteed dividends, buying by index-tracking funds and the fact that the region doesn’t have any other listed major oil companies.Read: The Wall Street Bankers Who Burst Aramco’s $2 Trillion BubbleAramco’s “$2 trillion valuation is justified due to secured dividend streams,” Arqaam Capital analysts including Rita Guindy and Jaap Meijer wrote in a report on Wednesday in which they initiated coverage with a buy recommendation and price target of 39.20 riyals.Arqaam expects a gradual increase of 2% annually in the dividend, potentially being topped up by a special payout of $20 billion in the next three years.(Updates price in second paragraph.)\--With assistance from Paul Wallace.To contact the reporter on this story: Filipe Pacheco in Dubai at email@example.comTo contact the editors responsible for this story: Celeste Perri at firstname.lastname@example.org, Phil SerafinoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Japan Display has agreed to an injection of up to ¥90bn ($829m) from Ichigo Asset Management in a deal that would allow the cash-strapped company to continue supplying displays for Apple’s iPhone 11. Following a board meeting on Thursday, Japan Display said it would sign a deal with Ichigo if the few remaining members of the Taiwanese-Chinese consortium failed to provide an alternative package by the end of this month. The agreement came after months of uncertainty that also involved intense talks with Apple, which has agreed to make an equity investment of $200m in Japan Display, according to people involved in the deal.
Here’s the math behind that projection: Each Qualcomm (QCOM) 5G modem costs about $20, and Apple (AAPL) will start making all its iPhone 5G compatible next year. The introduction of 5G iPhones next year is widely expected, but Apple hasn’t confirmed anything yet. Instead, Apple has been talking about its newly released slate of iPhones and increased subscription offerings.
Apple supplier Japan Display Inc said on Thursday it plans to receive up to 90 billion yen ($830 million) in financial support from Ichigo Asset Management, giving effective control to the Japanese asset manager. Ichigo will join Apple and Taiwanese contract electronics manufacturer Wistron Corp in bailing out the advanced liquid crystal display (LCD) maker. Apple's commitment to financially support Japan Display has reassured potential investors, two sources with direct knowledge of the talks told Reuters.
Fangirls of Lipstick Queen will be familiar with Medieval, a sheer, universally flattering red. Like the rest of the FT style desk, I’m obsessed with Augustinus Bader face cream, and the body lotion is impressive too. Are Celine’s new fragrances the essence of ‘cool’?
The “soul extractor”, as the workers at A-fun Interactive call it, is a small white room. In the centre is a stool surrounded by a metal frame dotted with more than 40 digital cameras. I picked my way ...
Apple supplier Japan Display Inc said on Thursday it plans to receive up to 90 billion yen ($830 million) in financial support from Ichigo Asset Management, giving effective control to the Japanese asset manager. Ichigo will join Apple and Taiwanese contract electronics manufacturer Wistron Corp in bailing out the advanced liquid crystal display (LCD) maker.
Disney+ downloads passed 22 million on mobile devices, the independently owned app-tracking company Apptopia announced Tuesday.
Australia said on Thursday its competition regulator will develop a voluntary code of conduct governing bargaining power concerns between digital platforms and media businesses. In July, Australia said it would create the world's first dedicated office within an antitrust regulator to police Facebook Inc and Google.
(Bloomberg) -- Big tech companies like Facebook Inc. and Alphabet Inc.’s Google, long seen as some of the world’s most desirable workplaces offering countless perks and employee benefits, are losing some of their shine.The Silicon Valley companies dropped out of the Top 10 “best places to work” in the U.S., according to Glassdoor’s annual rankings released Tuesday. HubSpot Inc., a cloud-computing software company, grabbed the No. 1 ranking while tech firms DocuSign Inc. and Ultimate Software were three and eight, respectively.Facebook, which has been rated as the “best place to work” three times in the past 10 years, was ranked 23rd. It’s the social-media company’s lowest position since it first made the list in 2011 as the top-rated workplace. Facebook, based in Menlo Park, California, was ranked seventh last year.Google, voted “best place to work” in 2015 and a Top-10 finisher the previous eight years, came in at No. 11 on Glassdoor’s list. Apple Inc., once a consistent Top-25 finisher, was ranked 84th. Amazon Inc., which has never been known for a positive internal culture, failed to make the list for the 12th straight year.Microsoft Corp. was one of the lone big technology companies to jump in the rankings. The Redmond, Washington-based software company moved to No. 21 from 34 a year ago. A few technology companies made the list for the first time, including SurveyMonkey at No. 33, Dell Technologies Inc. at No. 67 and Slack Technologies Inc. at No. 69.Twenty companies on the list have their headquarters in the San Francisco Bay Area, more than any other metro area, Glassdoor said.The annual list ranks companies using employee reviews on areas such as compensation, benefits, culture and senior management. Many of the big tech companies, including Facebook and Google, have been criticized this year for a myriad of issues, and in some cases employees have publicly opposed executive decisions.At Google, employees have protested against the company on a number of topics, including the company’s “intimidation” tactics against worker organizers. The results of an internal employee poll at the internet search giant, reported by Bloomberg in February, showed that fewer employees were inspired by Chief Executive Officer Sundar Pichai’s vision than a year earlier. It also found fewer workers believe senior management could successfully lead the company into the future.At Facebook, which just like Google provides employees with perks including free meals, corporate transportation and laundry services, workers have pushed back internally against leadership on some policy issues, such as the decision not to fact-check political advertisements.(Updates with new tech entrants in the fifth paragraph.)To contact the reporter on this story: Kurt Wagner in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Wall Street analysts say the 5G wireless upgrade cycle will benefit iPhone maker Apple and communications chipmakers, such as Qorvo and Skyworks Solutions, in a big way starting next year.
The Dow Jones Industrial Average erased its losses after the Fed left rates unchanged, as expected, and signaled it may hold rates steady through 2020.
We found three semiconductor stocks with the help of our Zacks Stock Screener that investors might want to consider buying for 2020...