175.90 -1.94 (-1.09%)
Pre-Market: 6:16AM EDT
|Bid||176.39 x 100|
|Ask||176.50 x 1000|
|Day's Range||176.88 - 178.82|
|52 Week Range||141.16 - 183.50|
|PE Ratio (TTM)||18.33|
|Earnings Date||May 1, 2018|
|Forward Dividend & Yield||2.52 (1.44%)|
|1y Target Est||193.02|
Amazon revealed how many Prime members it has: 100 million. How does that number compare to paying subscribers for services like Netflix, Spotify, and Apple Music?
Apple’s ride to the top of the charts in the music business comes with a hefty cover charge. The world’s largest company by market value now has more than 40 million paid subscribers to its eponymous streaming service, according to an internal email last week that also announced the appointment of a new head of that business. Music has become a key contributor to Apple’s important services segment on which the company is relying to drive much of its top-line growth now that its flagship iPhone business is maturing.
Amazon rallied overnight as Amazon Prime memberships have topped 100 million. Customers pay for Amazon and Netflix services. Facebook and Google users pay in data. Wall Street favors the former right now.
If banned in China, Apple would lose overnight $47 billion in revenue and be forced to lay off up to 27,000 employees while Huawei becomes the world's largest smartphone maker.
The information comes from details released by the Eurasian Economic Commission. This regulatory body has listed a number of new Apple handsets that are not yet available (reports Malcolm Owen and others). The EEC filing, published on Tuesday, satisfies Russia's requirement for companies to register all products containing encryption and/or cryptographic tools.
Key market index funds finished mixed Wednesday as IBM weighed on the Dow Jones industrials despite beating Q1 earnings and sales forecasts.
Intel staged a low-volume breakout Wednesday. Fellow Dow stocks Apple, Microsoft, UnitedHealth and Visa just below buy points. These blue chips' relative strength lines are already hitting new highs, a bullish signal.
Leading the Apple Inc. (NASDAQ:AAPL) rumor mill today is news of filings for new smartphones. This likely means the company is planning to announce new smartphones in the next couple of months, likely at WWDC 2018. Instead, it might be an update to the iPhone SE line.
One of the most expensive phones on the planet, the iPhone X, leads the way with 35% of global smartphone profits, followed by Apple's other new models: iPhone 8 and iPhone 8 Plus. Only in sixth spot is Apple's dominance challenged by rival Samsung, with the Galaxy Note 8. In fairness to Samsung, the Korean company spreads its considerable global shipments -- over 300 million units in 2017, according to Gartner -- over many more devices.
Microsoft Corporation (NASDAQ:MSFT) continues building its leadership position in new tech. Now, as it announces a move into the Internet of Things (IoT), it takes yet another step to becoming a player in new tech. In its latest move, Microsoft announced it would spend $5 billion on IoT.
Apple remains an "uninspired investment" as investors brace for disappointing iPhone sales ahead of earnings, Nomura Instinet warned clients Wednesday.