|Bid||190.98 x 1300|
|Ask||191.00 x 1200|
|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 (1.50%)|
|1y Target Est||180.85|
Yahoo Finance's Alexis Christoforous speaks to Tech Editor Dan Howley about what we can expect on Apple's new TV streaming service.
Apple is expected to launch a subscription news product, but big publications warn of potential dangers. Yahoo Finance's Zack Guzman, Dan Howley & Jeanie Ahn, along with Bevel CEO Jessica Schaefer discuss.
Tech investor Roger McNamee and Jessica Toonkel of The Information discuss Apple's upcoming event on CNBC's "Closing Bell."
Dan Ackerman, CNE T.com senior editor, and Angelo Zino, senior equity analyst at CFRA Research, join CNBC's "Power Lunch" team to discuss Apple's big Monday event and break down the bullish call on the tech giant.
is holding an event on Mar. 25, dubbed "It's showtime" on invitations sent to press, and it'll be an obsessively-watched unveiling for Apple investors, analysts and fans. "On Monday, Apple will announce a new content service that, IF adopted by its users, should lower churn and drive higher lifetime value for each of Apple's 900 million unique ecosystem users. Additionally, it might attract new users to Apple's ecosystem," wrote Needham's Laura Martin on Thursday, upgrading Apple's stock to a strong buy.
Apple has one of the best supply-chain models. Here are some of the top businesses involved, along with the benefits and challenges for each.
Shares of Apple Inc. jump after Needham analyst Laura Martin’s upgrades the company ahead of next week’s “Apple Special Event.”
The chief executive officer is expected to unveil streaming video and news subscriptions, key parts of Apple’s push to transform itself into a leading digital services provider. The company may even discuss a monthly video games subscription. Likely absent from the event: Any new versions of the gadgets that have helped Apple generate hundreds of billions of dollars in profit since 1976.
BEIJING (AP) — Apple CEO Tim Cook said Saturday that he is "extremely bullish" about the global economy based on the amount of innovation underway, and urged China to continue to "open up" amid complaints from the U.S. and others that it is shutting foreign firms out of key high-tech industries.
Apple chief executive Tim Cook nudged China on Saturday to open up and said the future would depend on global collaboration, as the United States and China remained locked in a bitter trade dispute. "We encourage China to continue to open up, we see that as essential, not only for China to reach its full potential, but for the global economy to thrive," Cook said at a China Development Forum in Beijing. Despite official pledges and repeated assurances that China would continue to open its markets, some analysts worry that its reform project has slowed or even stalled under President Xi Jinping, who has sought greater control over the economy and a bigger role for state-owned firms at the expense of the private sector.
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 markets next week will be focused on the Apple's surprise product unveiling Monday, as well as housing and consumer confidence numbers.
Are we witnessing an Apple (AAPL) comeback? Since bottoming out at the beginning of the year — down nearly 40% since its October high — Apple stock is up to a four-month high. Though the company is still embroiled in a legal battle with Qualcomm and China still remain a question mark, shares are up more than 20% year-to-date, as excitement grows over new products and services. Just this week Apple announced an upgraded version of its AirPods, as well as upgrades to its iMac line and iPad Mini. Next week, the company is expected to be an even bigger week for the company, with expectations of announcements on subscriptions and services. Wedbush analyst Daniel Ives remains bullish on AAPL, maintaining his Outperform rating, while increasing his price target to $215 (from $200), suggesting the stock has 13% upside potential over the next 12 months. (To watch Ives' track record, click here)On Monday, Apple is expected to announce a new streaming service. Ives believes this new service will “compete with the likes of Netflix, Disney, Hulu, among others,” and is “a pivotal step for Cupertino in further driving its services flywheel and entering the ‘streaming content arms race’ which is clearly starting to take form.” But Ives says the announcement “is just the tip of the iceberg for Cook's broader streaming content strategy to take hold and...adds a significant potential catalyst to the Apple services growth story for years to come.” Ives calls Apple’s growing services business a “wild card in driving the valuation higher for Apple.” The analyst estimates a $400 million valuation for the services segment, with revenue expected to pass $50 billion by FY20. The new streaming service is expected to be a major boost to the segment, as Ives says Apple “is spending roughly $1 billion on original content this year,” including working with Oprah and Steven Spielberg. Though Ives is bullish on the new service, he realizes the company is “definitely playing from behind the eight ball in this content arms race with Netflix, Amazon, Disney, Hulu, and AT&T/Time Warner...investing significantly more dollars ($20 billion combined and counting per annum) on content.” But given Apple’s massive cash holdings, Ives says Apple should look into “larger, strategic M&A (a24, Lionsgate, Sony Pictures, CBS/Viacom, Netflix, MGM) around content over the coming year…” in order to even the playing field more quickly.Assuming all goes well for the new service, Ives believes “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.” With this, the analyst increases his price target by $15. While Apple was once a sure-fire stock, the tide has turned for the tech giant. But with shares up more than 30% since its January low, things are looking better for the company. TipRanks analysis of 37 analysts shows a consensus Moderate Buy rating, with 20 analysts recommending Buy and 17 on the sides. However, the 12-month average price target of $183.26 reflects a 6% downside from its current price. (See AAPL’s price targets and analyst ratings on TipRanks) Read more on AAPL: * Apple’s (AAPL) Streaming Video Buzz: Should You Buy the Hype? * 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 More recent articles from Smarter Analyst: * Analyst Commends Cannabis Stock Aurora (ACB) for Peltz Pick * This Cannabis Stock Just Got a Huge Vote of Confidence * Apple's (AAPL) Streaming Video Buzz: Should You Buy the Hype? * Micron (MU) Stock Looks Poised for a Turnaround
I, with five remotes, should know. Customer fatigue with streaming will ultimately lead to a Great Rebundling.
The Stadia platform may eventually face competition from Microsoft and Nvida and will need to develop its own hit games.
Apple is planning a "special event" on 25 March, where the tech giant is widely expected to unveil a new video streaming service to potentially rival Netflix. Taking place at the Steve Jobs Theatre at the company's headquarters in Cupertino, California, an invitation for the event included the phrase "it's showtime" in an apparent reference to a new film and video platform, though no official details have yet been revealed. There have nonetheless been a slew of leaks and rumours that usually come with major Apple events.
Apple, Inc. (NASDAQ: AAPL) is expected to unveil its highly anticipated Apple TV streaming video service on Monday. Apple investors are hoping the company reveals key details about the streaming service such as pricing and launch date. Netflix CEO Reed Hastings said the streaming giant decided not to integrate its service with Apple’s platform, telling reporters the company doesn’t want to “get too distracted” with what competitors are doing.
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.