221.87 +0.91 (0.41%)
Pre-Market: 8:51AM EDT
|Bid||221.45 x 1000|
|Ask||221.63 x 800|
|Day's Range||220.37 - 223.76|
|52 Week Range||142.00 - 233.47|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||18.76|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||3.08 (1.38%)|
|1y Target Est||224.48|
Documentary film director Ken Burns discusses his country music documentary and why PBS gives him more freedom than a streaming service would.
The new iPhone hit stores around the world on Friday (September 20), but some fans in China worry Apple may soon lose ground in the country. The iPhone 11 has a bevy of new functions. The three-lens camera has been a highlight since the model was unveiled. However it isn't ready for 5G. That's the next generation of high-speed mobile data networks. This is a problem in China where one of Apple's biggest Chinese competitors - Huawei - rolled out its first 5G phone two months ago. One eager iPhone fan admitted Apple's local prospects may dim. (SOUNDBITE) (Mandarin) 33 YEAR-OLD CIVIL SERVANT AND CUSTOMER, LIU LIU, SAYING: "If they don't research 5G then they're going to lag way behind. They don't have it this year because you can't just make a 5G function in a day or two, and they didn't expect China's 5G technology to grow so fast. " Apple lowered the prices of this round of iPhones- likely in order to lure in Chinese buyers. Analysts say company has already lost marketshare to Huawei over a surge in support from patriotic Chinese after the brand was caught up in the U.S.-China trade war.
Apple Inc.’s new iPhones have great cameras and battery life, but the key question remains whether consumers will deem them worth an upgrade.
Shares of Apple Inc. rose 0.4% in premarket trading Friday, as the new iPhone 11 becomes available in stores, with J.P. Morgan analyst Samik Chatterjee saying strong pre-order interest suggests a "robust" iPhone revenue trend. The stock's gain puts Apple on track to reclaim a trillion-dollar market capitalization. Chatterjee said his research indicates higher interest in the "lower-end" iPhone 11 model that initially anticipated by Apple and the supply chain, but over the next 12 months, he expects shipments to be more skewed towards the "mid-end" model. Cascend Securities Chief Investment Strategist Eric Ross raised his stock price target to $270 from $260, saying pre-orders look better than expected, with initial indications suggesting the "higher-priced" iPhone 11 Pro is seeing volume pre-order demand. The stock has rallied 10.8% over the past three months, while the Dow Jones Industrial Average has gained 1.3%.
This top performing mutual fund seeks growth stocks that fuel what a fund manager calls one of the most innovative times in history.
Stock futures: Microsoft and Northrop led six breakouts, but only Huya impressed as the stock market rally fizzled Thursday. Apple and Lululemon fell below buy points.
BEIJING/SHANGHAI (Reuters) - Apple's latest iPhone 11 range hit stores in China on Friday, with short queues of die-hard fans contrasting with the hundreds who camped out ahead of some previous launches. The sales performance of the U.S. tech giant's latest line-up is being closely watched in the world's largest smartphone market, where Apple has been losing ground to competitors with cheaper and feature-packed handsets in recent years. The queues at the Shanghai and Beijing stores, which combined added up to few dozen customers, were in sharp contrast to previous years, when hundreds used to wait for hours outside Apple's shops to be the first to grab its latest offerings.
(Bloomberg) -- Google will invest 3 billion euros ($3.3 billion) over the next two years to expand its server farms across Europe.The investments take its total spend on European data centers to 15 billion euros since 2007, Google Chief Executive Officer Sundar Pichai told reporters in Helsinki on Friday following a meeting with Finnish Prime Minister Antti Rinne.It’s also investing 1 billion euros in renewable power in Belgium, Denmark and Sweden. Among the projects are a 600 million-euro expansion of its existing data center in Finland, as well as two wind projects in the Nordic nation.The Alphabet Inc. company on Thursday announced a series of new deals to buy wind and solar power in the largest-ever collective purchase of renewable energy by a single company. The move shows how corporations are increasingly turning to clean energy as costs of wind and solar fall and investors push them to fight climate change.The Mountain View, California-based company said it has matched 100% of its electricity consumption with renewable energy the past two years.Google’s investment in its Hamina server complex on the south coast of Finland will now reach 2 billion euros. It has built other European data centers in Denmark, the Netherlands, Ireland and Belgium to feed demand for faster access to files and media.However, big tech companies don’t always follow through on their internet infrastructure promises. Earlier this year, Apple Inc. shelved plans to build a second data center in Denmark, and canceled a similar project in Ireland.(Updates with background on Google’s data centers)To contact the reporter on this story: Leo Laikola in Helsinki at firstname.lastname@example.orgTo contact the editors responsible for this story: Kati Pohjanpalo at email@example.com, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Scientists at the University of Massachusetts have some exciting news to wake up the sleepy world of slumberwear. “We’d like to bring this to market in the next couple of years,” says UMass Professor Trisha Andrew, one of the scientists behind the product. “If Apple wants to contact us, we’re certainly open to that.
(Bloomberg) -- With 5G, the latest, greatest wireless networks promise to revolutionize industries from transportation to medicine. But for mobile-phone users, 5G is a way to show off, said analysts at Sanford C. Bernstein.Handsets compatible with the superfast service are more expensive, but don’t offer practical benefits over the latest 4G models that already download at speeds well above that required to stream high-definition video, wrote analysts Chris Lane and Samuel Chen in a Friday note to clients.“We see no rational case for a consumer to upgrade to 5G,” wrote the analysts. “And yet they are.”South Korean carrier SK Telecom Co. reached one million 5G subscribers last month, 140 days after introducing the world’s first commercial service, representing about 3.5% of its user base. China will have about 170 million 5G smartphones available by next year, according to estimates by China Telecom Corp., which targets 60 million 5G users for its network.Carriers in the U.S., Australia and other markets have also introduced 5G services to limited areas, with plans for expanding coverage nationwide over the next few years.The latest 5G handsets do not “future proof” users because the technology isn’t fully matured and will continue to evolve, while a new 4G handset will still be a leading-edge device in two years, Lane and Chen wrote. Specifically, first-edition 5G phones can’t access millimeter wave bands that will be added in coming years to fulfill the technology’s high-speed, low-latency promise.At the same time, carmakers are looking to 5G’s speed for eventual use in guiding autonomous-driving vehicles, while surgeons are already performing remote procedures using the technology, which transmits data with virtually no lag time. Manufacturers intend to use 5G networks for automation, robotics and machine-learning systems.“Having the latest 5G smartphone, and equally importantly, showing it off might be its single most important benefit,” the analysts wrote. “Especially if you are one of the first. For a single millennial in search of a partner, it might even provide validation of them as a potential good catch.”\--With assistance from Ryan Lovdahl and Gao Yuan.To contact the reporter on this story: Dave McCombs in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Sam Nagarajan at email@example.com, Ryan LovdahlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Amazon.com Inc. contributed more greenhouse gas emissions last year than some big competitors in retail, logistics and technology, but less than rival Walmart Inc. and the world’s biggest energy companies, highlighting the growing scale and diverse businesses of the conglomerate.The disclosure by Amazon of its 2018 carbon emissions, 44.4 million metric tons of carbon dioxide equivalent, including purchased electricity and indirect emissions, came Thursday when the company committed to powering all of its business operations by renewable energy sources by 2030, and achieving carbon neutrality a decade later.Amazon’s emissions exceed the reported totals of United Parcel Service Inc. and FedEx Corp. as well as Apple Inc., Alphabet Inc., Microsoft Corp. and Target Corp. in data compiled by CDP, formerly the Carbon Disclosure Project. Amazon’s total is 38% less than rival Walmart, the group said.“It’s a big number,” said Bruno Sarda, president of CDP North America, adding that Amazon’s emissions compare to a large power company. “They probably wouldn’t make the top 50, but when you look at what’s up there, it’s mostly all the large fossil fuel companies.”An Amazon spokesman said the company’s disclosures, which accounted for emissions generated by customer trips to retail stores such as Whole Foods, captured a fuller picture than those of some competitors.Amazon for years has frustrated climate advocates by refusing to participate in increasingly common corporate social responsibility and environmental disclosures. But employees and shareholders have been pressuring the company to change. A shareholder proposal in May requesting an Amazon climate policy failed -- but drew 30% of votes cast.“We’ve been requesting this information from them for 15 straight years,” Sarda said. “They’re just not big fans of transparency, or using frameworks that others have developed to measure their performance.”Chief Executive Officer Jeff Bezos acknowledged that Amazon had work to do. “We’ve been in the middle of the herd on this issue and we want to move to the forefront,” Bezos said at a news conference in Washington where he encouraged other companies to set similar goals. “We want to be leaders.”Some corporate governance and environmental groups praised the Seattle-based company for the steps they announced on Thursday.“It’s very important when a company like Amazon or Walmart take major steps to be proactive on climate,” said Tim Smith, a director at Walden Asset Management and a longtime advocate of corporate action on issues of social responsibility. “I hope they’re getting the message that they received in the votes in the shareholders meeting, and from their customers, that they expect much of them.”Amazon’s carbon footprint reflects the company’s move from a humble online retailer into a plethora of energy-intensive businesses, including running massive cloud-computing server farms, and, increasingly, hauling its own packages by plane and truck and delivering them to customers’ doorsteps. The figures the company disclosed include emissions produced by Amazon’s own operations, the electricity that powers its facilities and more indirect sources like the cost of producing Amazon’s packaging and electronic devices, among other things.The company’s turn toward transparency on climate issues wasn’t the first time a major technology company decided to go out and grab the mantle of leadership on climate change. Apple has released an environmental impact report with increasing levels of detail for the past decade and stepped into the spotlight during in 2013 when it hired Lisa Jackson, a former U.S. Environmental Protection Agency administrator, as vice president for environment, policy and social initiatives.Apple started submitting investor disclosure information to the U.K. nonprofit CDP in 2014, the same year that CEO Tim Cook publicly snapped at a critic that if he didn’t like the company’s environmental policies he should “get out of this stock.”To contact the reporters on this story: Matt Day in Seattle at firstname.lastname@example.org;Eric Roston in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
U.S. stock futures are higher as investors debate the Federal Reserve's next policy move and look for progress from the current round of U.S.-China trade talks; Facebook CEO Mark Zuckerberg meets with Donald Trump at the White House; Apple's iPhone 11 goes on sale across the world; global climate change demonstrations kick off in Australia.
Apple offered it latest smartphone for general sale around the world Friday, with analysts betting the new iPhone 11 will be a key sales driver for the tech giant heading into the key holiday season.
SYDNEY/BANGKOK, Sept 20 (Reuters) - Tens of thousands of students were taking to the streets across Asia and Europe on Friday for a global strike demanding world leaders gathering at a U.N. climate summit adopt urgent measures to avert an environmental catastrophe. The protests kicked off in the Pacific islands - some of the nations most threatened by rising sea levels - and Australia, where social media posts showed huge demonstrations around the country, from the big coastal cities of Melbourne and Sydney to outback towns such as Alice Springs.
Thirty years ago in London, the then prime minister Margaret Thatcher ventured south of the river to a converted banana-ripening warehouse in the city’s docklands where, as if to emphasise its Britishness, fish and chips were being served in the pink sheets of this newspaper. Thatcher was at Shad Thames to open the Design Museum, an ambitious new project spearheaded by Habitat founder Terence Conran and journalist and author Stephen Bayley, which aimed to promote contemporary design in Britain. In her speech, she applauded the museum’s private sponsors, but chided Conran for not having “quite enough British things” on show.
Microsoft (MSFT) stock appears to be one of safest mega-cap tech buys out there at the moment, even at its new all-time highs. And it just raised its dividend and announced a new share buyback program.
The Dow Jones Industrial Average fell 53.44 points (or 0.2%) today, possibly because the market gave a thumbs up to yesterday's 0.25% rate cut by the Fed.
"I believe that if Steve were still alive, we would have combined our companies, or at least discussed the possibility very seriously," the Disney chief writes in his memoir.