|Bid||143.01 x 1400|
|Ask||147.50 x 800|
|Day's Range||143.61 - 146.24|
|52 Week Range||103.29 - 198.99|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||166.50|
(Bloomberg) -- Tinder joined a growing backlash against app store taxes by bypassing Google Play in a move that could shake up the billion-dollar industry dominated by Google and Apple Inc.The online dating site launched a new default payment process that skips Google Play and forces users to enter their credit card details straight into Tinder’s app, according to new research by Macquarie analyst Ben Schachter. Once a user has entered their payment information, the app not only remembers it, but also removes the choice to swap back to Google Play for future purchases, he wrote.“This is a huge difference," Schachter said in an interview. “It’s an incredibly high-margin business for Google bringing in billions of dollars," he said.The shares of Tinder’s parent company, Match Group Inc., spiked 5% when Schachter’s note was published on Thursday. Shares of Google parent Alphabet Inc. were little changed.Apple and Google launched their app stores in 2008, and they soon grew into powerful marketplaces that matched the creations of millions of independent developers with billions of smartphone users. In exchange, the companies take as much as 30% of revenue. The app economy is expected to grow to $157 billion in 2022, according to App Annie projections.As the market expands, a growing revolt has been gaining steam over the past year. Spotify Technology SA filed an antitrust complaint with the European Commission earlier this year, claiming the cut Apple takes amounts to a tax on competitors. Netflix Inc. has recently stopped letting Apple users subscribe via the App Store and Epic Games Inc. said last year it wouldn’t distribute Fortnite, one of the world’s most popular video games, through Google Play.Match declined to answer questions about whether the company was also investigating bypassing Apple’s App Store. Match is expected to discuss the payment flow change with analysts and investors during its next earnings call on Aug. 6.“At Match Group, we constantly test new updates and features to offer convenience, control and choice to our users," Justine Sacco, a spokeswoman for Match, wrote in an email. “We will always try to provide options that benefit their experience and offering payment options is one example of this."Google didn’t immediately respond to requests for comment.Of the high-profile companies that have shunned the App store, Match is the only one that has changed the payment method in-app, Schachter noted. Others have instead forced subscribers back to their own websites to enter payment information.Tinder’s move could spark a domino effect.“Tinder is relatively small and it won’t have a massive impact, but the concern is if this grows and gets into gaming apps as it starts moving forward," Schachter said. “We’re going to see a lot of other companies potentially trying to experiment with this."\--With assistance from Mark Bergen.To contact the reporter on this story: Olivia Carville in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
iHeartMedia (IHRT), the 1 audio media company in the US, has emerged from bankruptcy and its ownership is now available to the public on the NASDAQ exchange. The debt owners have taken over the firm in a restructuring plan that wiped more than $10 billion in debt off the books.
Hardware becoming software is one of the key trends of this decade. As Apple (NASDAQ:AAPL) prepares to refresh its product line for the fall of 2019, it is selling its software as a lifestyle.Source: Shutterstock The key product launch investors need to consider is the Apple Card, the company's entry into finance.While Facebook (NASDAQ:FB) wants to create its own money and replace the current Visa (NYSE:V)-dominated payment infrastructure with something cheaper, Apple Card is a gloss on MasterCard (NYSE:MA), with personal finance delivered through an app and integration with existing wireless payment technology.InvestorPlace - Stock Market News, Stock Advice & Trading TipsApple is also throwing money at original content, hoping to overwhelm Spotify (NASDAQ:SPOT) in podcasts and Netflix (NASDAQ:NFLX) in streaming entertainment. * 7 Stocks Top Investors Are Buying Now Apple's strategy is coming into focus. It's a lifestyle and an indenture. It's a walled garden where, in exchange for promises of privacy, Apple controls everything you have, including your cash flow. The Biggest iOS LaunchApple's biggest product launch is now going through its final beta test, iOS 12.4 beta 7. Its successor, iOS 13, was announced at the June Worldwide Developer's Conference.The key new feature supported by 12.4 is the Apple Card, on which Goldman Sachs (NYSE:GS) estimates it has spent nearly $275 million, transforming itself from an investment bank into a consumer bank. The card itself is designed around the app, with daily cash rewards and full integration with the Apple Wallet to track spending.The card is thus meant to change behavior, which now favors physical debit cards for most transactions. The potential bonanza here is enormous. People who pay off their cards spend an average of $1,154 with them each month, and the average user carries $6,354 of credit card debt. Goldman expects to offer $1,000 in credit to those with credit scores as low as 600, and charge Apple Card customers interest rates of 13%-24% on balances. Apple's Ho-Hum HardwareWith the next iPhone already being called a clunker, Apple has to extract more from software and services to maintain last year's 15% growth rate, with 22% of revenue hitting the net income line.The iPhone 11 design itself looks like a greatest hits album from previous iterations. Its main improvement is a bigger battery. The same is true for the latest MacBook, which only received minor tweaks on existing designs.But the hardware is the center of a software ecosystem that brings Apple profit from every corner of a customer's life. Software and services are more profitable than hardware.This extends to the Apple Watch. Given how many stores had the watch at clearance prices this month, including the Apple Watch 4, an Apple Watch 5 can't be far off. But the hardware isn't likely to change much. It will just be capable of running more software, especially health software. Health will follow cash into the Apple profit column.Critics worry the emphasis on service revenue will compromise the user experience. But people who believe in Apple tend to go all-in. The most important point about the iPhone's market share is its stability. They have half of the U.S. market and over one-fifth of the global market. The Bottom LineAn Android is a phone, a utility that offers unlimited choice. An iPhone is a lover, seducing and then demanding increasing loyalty.Once you're in the Apple ecosystem, the company wants to make it a lifestyle, handling your money, your entertainment, even your health.That's CEO Tim Cook's bet, that Apple products can be more than phones or watches or PCs, but a lifestyle for those seduced by its design and brand promise.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post AAPL Stock: Apple Software Becomes Lifestyle appeared first on InvestorPlace.
Spotify has been available on the iPad for several years, but it hasn't reallyevolved to take advantage of the Apple tablet's growing multitaskingabilities
One of the most prominent Silicon Valley VC firms, known for being among the backers of Google, Slack and Spotify, is reconfirming its interest in a local early-stage startup by pouring more capital in a newly announced round of funding.
In an effort likely aimed at boosting family memberships, Spotify this morningannounced a new partnership with Disney on the creation of a Disney Hub on itsstreaming service
The Disney Hub, as the companies are calling the new feature, places soundtracks from Disney's animated films, Marvel movies, "Star Wars" and other Disney properties in one place. Disney's catalog already has a strong presence on Spotify with fans spending more than 2 billion combined minutes so far in 2019 streaming soundtracks, musicals and more.
Disney classics like The Lion King or Mulan are known for their iconicsoundtracks, and now it's easier than ever to find them in one place
Apple is said to be planning to bankroll the creation of original podcastsfrom third-parties that it will offer exclusively on its own streamingservices, Bloomberg reports
It's no secret that more and more of us are in love with our streaming entertainment from Netflix (NASDAQ:NFLX) and Spotify (NYSE:SPOT). But for today's investors it's time to subscribe to a pairs trade in NFLX stock and SPOT, where emerging trends on the price charts are taking center stage for bears and bulls. Let me explain.Source: Shutterstock Once again, it's that time of year where corporate confessionals are taking the spotlight. Citigroup (NYSE:C), Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) are stealing much of the early headlines with a bevy of earnings reports this week out of the financial sector. But banking stocks are far from the only show in town.Streaming video on demand or SVOD giant NFLX reports Wednesday night. And not terribly far behind, Spotify, the world's largest online music platform will release its results later this month.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor NFLX stock, consensus views compiled from 40 investment firms are forecasting profits of 56 cents compared to year-ago results of 85 cents. Sales are expected to grow to $4.9 billion from 2018's revenues of $3.9 billion. On July 31, when Spotify reports, 27 analysts expect the company to whittle down last year's quarterly loss of $2.57 to 46 cents per share. Meanwhile, sales are estimated to grow from $1.5 billion to $1.8 billion. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Whether results from Netflix or Spotify will stray, good or bad, isn't known of course. Still, price action has been known to lead publicly disseminated information. And with earnings acting as a catalyst for continued momentum, subscribing to a pairs trade in emerging bearish and bullish trends in NFLX stock and SPOT looks like a good tactic today. Short NFLX Stock Click to EnlargeThere are potential reasons to be bearish on Netflix beyond headlines of password sharing problems or competition from Apple (NASDAQ:AAPL), Disney (NYSE:DIS) and others spending billions on original content to uproot Netflix's dominant SVOD position. The concern is the NFLX price chart.Five months of lagging, high-level lateral work and two failed attempts at breaking out of the base locked in-between key Fibonacci levels doesn't look good for Netflix bulls. Backing that worry, NFLX stock's stochastics has been bearishly diverging during the pattern's construction and is currently setting up for lower prices in shares.NFLX Stock Strategy: With NFLX stock confirming a lower pivot high within the base, shorting NFLX stock today looks compelling. But given the close proximity of earnings, I'd go to the Netflix options market and use a below market bear put spread to minimize and limit risk while allowing for out-sized profits from an emerging and much larger corrective move. Long SPOT Stock Click to EnlargeShares of SPOT stock have been anything but music to the ears of most investors relying on a buy-and-hold strategy. One of last year's hot IPO's, SPOT came under pressure a couple months into its life as a publicly traded company and continued to make new lows and lead the market lower during 2018's broad-based correction.But 2019 has been a solid one for Spotify with shares up about 30%. What's more, Spotify's technical fortunes just turned for the better. This week, shares of SPOT have narrowly broken out to new relative highs above resistance. The price action on the weekly chart points to an emerging uptrend in a down, but far from out leader in today's world of music. * 7 Best Stocks to Buy That Make a Student's Life Easier SPOT Stock Strategy: Ideally, I'd like to see stochastics not positioned in overbought territory. But as a stock well-suited for momentum, overbought conditions can easily beget more of the same. And with earnings still a couple weeks out, buying SPOT stock today and legging into a bullish protective strategy like a married put in front of the report is how I'd look to play Spotify.Disclosure: Investment accounts under Christopher Tyler's management do not own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post The Best Way to Play Spotify and Netflix Stock Today appeared first on InvestorPlace.
(Bloomberg) -- Apple Inc. plans to fund original podcasts that would be exclusive to its audio service, according to people familiar with the matter, increasing its investment in the industry to keep competitors Spotify and Stitcher at bay.Executives at the company have reached out to media companies and their representatives to discuss buying exclusive rights to podcasts, according to the people, who asked not to be identified because the conversations are preliminary. Apple has yet to outline a clear strategy, but has said it plans to pursue the kind of deals it didn’t make before.Apple all but invented the podcasting business with the creation of a network that collects thousands of podcasts from across the internet in a feed on people’s phones, smartwatches and computers. The Apple Podcast app still accounts for anywhere from 50% to 70% of listening for most podcasts, according to industry executives.The news sent shares of Spotify down as much as 2.7% to $150.09 in New York on Tuesday, marking the biggest intraday decline in three weeks. The stock had been up 36% this year through Monday’s close.After years without making substantial changes to its podcasting business, which first launched in 2005, Apple has recently focused on upgrading its app and has added new tools for podcast makers. Still, new entrants have encroached on Apple’s once-indomitable position, attracting new users by offering exclusive access to original podcasts.A representative for Cupertino, California-based Apple declined to comment.Podcasts AppApple launched Podcast Analytics last year, rolling out a service that gives podcast makers more insight into their listeners and performance. This year, Apple announced a dedicated Podcasts app for Mac computers and launched a web interface to expand the amount of people who can listen to podcasts through its service.Apple placed executive Oliver Schusser in charge of podcasts and music, with Ben Cave helping oversee the podcasting strategy.“You are nowhere in podcasting if you don’t have shows listed in Apple podcasts,” said Lex Friedman, the chief revenue officer of Art19, which provides services to podcast producers such as Wondery Media and Tribune. But given all of the recent activity by its competition, “it would surprise me if Apple didn’t do anything with exclusives.”Video ServiceApple has refrained from funding podcasts thus far to avoid the perception of playing favorites. But the tech giant has evinced an interest in funding some of the programming it distributes. The company is producing dozens of original TV shows and movies for a new video service called Apple TV+. The first of those series will debut later this year.Spotify Technology SA, already Apple’s largest rival in paid music streaming, has spent about $400 million acquiring podcast companies. It’s also funded original shows from comedian Amy Schumer, journalist Jemele Hill and hip-hop artist Joe Budden. Earlier this year, it announced a deal to host podcasts from a company founded by former President Barack Obama and his wife Michelle.These moves have established Spotify as the clear No. 2 player in podcasting, according to industry executives. The company has seized between 10% and 20% of listeners, and accounts for half of the audience on some shows. Other companies, including IHeartMedia, Stitcher, Pandora and Luminary, have also devoted more resources to the medium.Apple is in the midst of building a suite of media services across audio and video that tether people to its phones and other devices. Podcasting is still a small business compared with music or TV. Podcasting companies generated $479 million in advertising sales in the U.S. last year, according to the Interactive Advertising Bureau.Growing FastBut the industry has been growing. Sales have grown 65% a year for the past three years, according to the IAB, while the number of monthly listeners to podcasts has doubled over the past five years.Still, Apple doesn’t make its own money off of the Podcasts app. It doesn’t charge for the software or run its own advertising.However, growing the Podcasts app and adding exclusives could give some consumers another reason to stick to their iPhone or subscribe to complementary paid services like Apple Music. Apple also has an advertising division focused on ads in the App Store, which theoretically could eventually be applied to Podcasts if it continues to increase its user base.(Updates with Spotify shares in fourth paragraph.)To contact the reporters on this story: Lucas Shaw in Los Angeles at email@example.com;Mark Gurman in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Nick Turner at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Amazon.com Inc. faces a full-blown European Union antitrust probe as the bloc’s competition chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on U.S. technology giants.The Dane, who heads the EU’s competition division, is poised to open a formal investigation into Amazon within days, according to two people familiar with the case, who asked not to be named because the process isn’t public.Vestager has hinted for months that she wanted to escalate a preliminary inquiry into how Amazon may be unfairly using sales data to undercut smaller shops on its Marketplace platform. By ramping up the probe, officials can start to build a case that could ultimately lead to fines or an order to change the way the Seattle-based company operates.“If powerful platforms are found to use data they amass to get an edge over their competitors, both consumers and the market bear the cost,” said Johannes Kleis of BEUC, the European consumer organization in Brussels.The probe comes as Qualcomm Inc. could be hit with a second hefty EU penalty as soon as next week for allegedly underpricing chips to squeeze a smaller competitor. The U.S. chipmaker was fined last year for thwarting rival suppliers to Apple Inc. and has been the subject of on-and-off antitrust scrutiny since 2005.Vestager has already slapped Google with record fines and ordered Apple to repay billions of euros in back taxes. By taking on Amazon’s Chief Executive Officer Jeff Bezos, Vestager is keeping up the pressure on big tech right to the very end of her mandate, due to expire in October.Amazon and the European Commission in Brussels both declined to comment on the plans to open the probe. Qualcomm representatives declined to immediately comment.Business ModelWhile it will be the first time the EU has directly targeted Amazon’s online retail business model, it’s the third time the company has been probed by the regulator, following tax and e-book investigations.Although Google has been fined once a year for the past three years, racking up 8.2 billion euros ($9.2 billion) in penalties, the Alphabet Inc. unit still faces early-stage inquiries into local business and jobs searches. Apple also has to contend with a complaint from Spotify Technology SA and Facebook Inc. is getting questions on how it uses and shares data from apps.To contact the reporter on this story: Aoife White in Brussels at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Chapman at email@example.com, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
“We find that approximately 82% of outstanding credit card balances are debt, or that they are revolved for a month or more,” they write. The numbers are almost as bad even among those with high credit scores, they report. In other words, over half of credit-card balances are part of debt that is being carried for more than 12 months.
Last week's gallery on breakout stocks to buy delivered big-league profits. So we're returning to the well for three more candidates that boast price charts brimming with potential.This week's targets are inspired in large part by the S&P 500, which closed at a new record high of $3,013.77 on Friday. Nothing brings buyers to the yard like a major index touching its highest price in history. It reveals optimism and a risk-on attitude.Last week's demand surge was aided in part by Federal Reserve Chair Jerome Powell's testimony before Congress that all but confirmed the market's expectation for a rate cut at the upcoming July 31 meeting. Betting markets peg the odds of a quarter-point cut at 72% and a half-point cut at 28%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy Without further ado, check out these three breakout stocks to buy. 3 Breakout Stocks to Buy: Cisco (CSCO)Source: ThinkorSwim Friday's rally for Cisco (NASDAQ:CSCO) succeeded where its predecessor did not. Last month's breakout attempt over $57.50 was met with rejection and sharp selling. Friday's bid, however, powered through the ceiling and closed at a new 52-week high.With the gain, CSCO stock officially ended its three-month consolidation zone and signaled that the next stage of its uptrend is upon us. I'd use $60 as the first upside target. It would take a break below the 50-day moving average at $55 to invalidate the bullish backdrop. So until then, the path of least resistance is higher.At 41%, the implied volatility rank is fiddling in the middle of its range. Couple that with earnings coming over the next month, and I think bull call spreads are the way to go.Buy the Sep $57.50/$60 bull call spread for around $1.20. Home Depot (HD)Source: ThinkorSwim Home Depot (NYSE:HD) was one of the best stocks on the board Friday. The retailer surged 2% on heavy volume to a new all-time high. On the technical front, there's nothing not to like about its price action. The 20-day and 50-day moving averages are trending higher to confirm buyers' dominance of the short- and intermediate-term trends.A few accumulation days have cropped up over the past two weeks to signal institutions are wading into the waters. As far as options go, implied volatility is in the basement revealing an utter lack of uncertainty in the stock. That means prices for derivatives are dirt cheap. Long calls and call spreads offer great low-risk, high-reward bets right now. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond If you think the good times continue to roll, then buy the Sep $220/$230 bull call spread for around $3.75. Spotify (SPOT)Source: ThinkorSwim Last week's rally ushered Spotify (NYSE:SPOT) to the cusp of a clear breakout zone. In fact, SPOT stock looks better than at any time since last year's IPO. This summer's recovery pushed shares of the streaming music service back above all its major moving averages for the first time.The base built throughout 2019 should serve as a solid foundation to build an uptrend from if buyers decide to press their advantage here.If SPOT can clear $155, look for a run toward the next ceiling of $170. To capitalize, buy the Oct $160/$170 bull call spread for around $3.30.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 3 Breakout Stocks to Buy appeared first on InvestorPlace.
In the latter part of 2018, bearishness took hold of Apple (NASDAQ:AAPL) stock and sent shares to the $150 range as AAPL stock investors took in the news that the company would no longer issue unit sales numbers for its iconic iPhone device.Source: Shutterstock CEO Tim Cook reasoned that subscription and app sales mattered more for profitability. By that logic, Apple could afford to offer less transparency into its business each quarter. Now that the shares have recovered, there are three reasons investors should buy Apple stock. Weaker iPhone Sales ExpectedInvestors have had more than six months to accept that unit sales for iPhones will fall. Average selling price (ASP) is significantly higher with each successive release of the device. And although loyal customers will hold off upgrading to the latest iPhone, their device will stay in the iOS ecosystem. Even if revenue falls, Apple will enjoy healthy profit margins from sales of iPhone 8, X, XR, and XS Max.InvestorPlace - Stock Market News, Stock Advice & Trading TipsExpect the total profit per user to hold steady or increase, driven by more customers signing up for Apple Music. In April, The Wall Street Journal reported that Apple had 28 million subscribers, 2 million more than Spotify Technology (NYSE:SPOT). SPOT stock trades at similar price/sales and price/book multiples compared to Apple. Yet Spotify's price/forward cash flow multiple is 75, compared to 20.5 times for Apple. * 7 Retail Stocks to Buy for the Second Half of 2019 Don't forget that Apple recently launched its News App. By sending notifications for timely news, users who use the app often may end up subscribing to the service. In doing so, they get Apple News Plus, which gives users access to premium newspapers and more than 300 digital magazines. Look for Earnings Beat on July 30When Apple reports quarterly earnings on July 30, the company may beat the Q2/2019 EPS estimate of $2.12.Source: TipranksLast year, Apple reported earnings of $2.34, topping the $2.17 estimate. Strong revenues are possible because Apple Music subscription growth is gaining momentum. The iPad and iPad Mini refresh could drive device sales higher. Conversely, the iPad Pro faces stiff competition from Microsoft's (NASDAQ:MSFT) Surface book and Surface tablet. Still, Apple has the AirPod, Watch, and HomePod to offset a drop in Pro sales.In the unlikely scenario that AAPL stock falls after reporting strong results, the drop gives investors a chance to average down. Most who invest in Apple are in it for the long term. Viewing short-term drops in the stock as entry points played out well in the last decade. * 10 Stocks to Sell for an Economic Slowdown To be sure, weak iPhone sales could spook investors and send Apple stock lower. Yet if consumers are simply holding off on upgrades in general, Apple is not losing market share. So if users are not leaving the iOS ecosystem for Android, Apple subscription and software sales will return high profits. Service Revenue Will Drive GrowthThe second quarter 2019 saw Apple report its best quarter ever for Services, as revenue topped $11.5 billion. Even as worldwide iPhone revenue fell 17%, Services grew to new heights, with more than 390 million paid subscriptions at the end of March, up 30 million in the last quarter. During 2020, Apple expects to surpass 500 million subscriptions.That is a phenomenal rate of growth. And the strong uptake of Services will include growing App sales. In Q2, the number of paid third-party subscriptions increased by over 40%. Apple has a well-diversified source of revenue from apps; the biggest third-party subscription app accounted for just 0.3% of its total Services revenue.Apple forecast revenue of $52.5 billion - $54.5 billion for the upcoming report for the June quarter. Gross margin will be around 38%. Operating expenditures will be $8.7 billion - $8.8 billion. Your Takeaway on AAPL StockApple is confident about the growing revenue from the product category level. More importantly, it expects iPhone sales improving Y/Y in the upcoming Q3 report. Cash flow generation is so strong that AAPL stock repurchase authorization and its quarterly dividend. A dividend hike is unlikely but if Apple does so, look for Apple stock continuing its uptrend.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post 3 Reasons to Buy Apple Stock Ahead of End-of-Month Earnings Report appeared first on InvestorPlace.
“This is what happens when you sign a deal at fifteen to someone for whom the term ‘loyalty’ is clearly just a contractual concept,” Ms Swift wrote. The move, while dramatic, was consistent with Ms Swift’s history. While some of Ms Swift’s younger fans may have been introduced to the concept of master recordings for the first time, she is one of a long lineage of musicians to do battle with the record labels that typically own their work.
Prior to universal access to digital technology, identifying music in restaurants, bars, or stores was difficult to nearly impossible. Founded in 2000, Shazam provided a readily-available solution to music identification.
Sure, Spotify has 100 million paid subscribers, and Apple Music has 60 million. According to Financial Times, the number of people subscribing to Amazon Music Unlimited grew roughly 70 percent in the last year. As of April, Amazon had more than 32 million subscribers across its music services, including Unlimited and Prime Music.
The streaming platform once derided for destroying an industry is now hailed for rescuing it. Can now-public Spotify discover profits? And how does its foray into podcasts figure?