|Bid||330.91 x 1300|
|Ask||330.90 x 1200|
|Day's range||323.26 - 331.75|
|52-week range||190.30 - 331.75|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||26.04|
|Forward dividend & yield||3.28 (1.02%)|
|Ex-dividend date||08 May 2020|
|1y target est||N/A|
Apple's (NASDAQ: AAPL) foray into subscription video has been relatively quiet since it launched Apple TV+ in November. Despite offering a free year of service to anyone that buys a new Apple device and pricing the service at just $4.99 per month for everyone else, the tech titan hasn't grabbed the attention of most consumers. Various media reports put Apple TV+ viewers somewhere between 10 million and 33 million.
Outrage over George Floyd’s killing at the hands of Minneapolis police officers have pushed America to the brink, but have also spurred numerous big companies and brands into a new form of activism.
On Friday, the U.S. Labor Department reported an increase in nonfarm payrolls of 2.5 million for the month of May, nowhere close to the decline of 8 million jobs that economists were expecting. The unemployment rate was also far better than expected, coming in at 13.3% in May. That's down from 14.7% in April, and well below forecasts calling for an unemployment rate of nearly 20%. The surprise gain in jobs sent the Dow Jones Industrial Average (DJINDICES: ^DJI) flying on Friday.
The smartphone market is among many industries getting crushed by the coronavirus outbreak, registering its biggest decline ever in the first quarter after the pandemic simultaneously gutted supply chains and destroyed demand, with consumers fearing a potential recession on the horizon. As the world continues to grapple with the disease, smartphone shipments are expected to remain under pressure for the rest of the year, according to recent estimates from market researcher IDC. Smartphone volumes in the first half of 2020 are expected to fall by 18% as the coronavirus crisis continues to hurt discretionary spending.
Store closures and supply chain disruptions on account of the COVID-19 pandemic have sent the global smartphone market into a tailspin this year. Worldwide smartphone shipments were down 11.7% year over year in the first quarter of 2020 to 275.8 million units, according to IDC, as key markets such as China, the U.S., and Western Europe came into the grip of the disease. The industry should have been ideally taking advantage of the shift to 5G smartphones in 2020, but that might not be the case anymore as the economic fallout of the novel coronavirus pandemic could delay upgrades and hurt demand.
Yahoo Finance's Alexandra Canal breaks down Forbes' highest-paid celebrities list, and how streaming services like Netflix, Amazon and Apple TV+ are paying millions to secure top-level talent.
Global smartphone unit sales slumped by 20 per cent in the first quarter, according to a Gartner report this week, but Apple fared much better than Samsung and Huawei, with just an 8 per cent fall. The iPhone maker may not get off so lightly come the end of the year though. Lockdowns, economic uncertainty and supply chain problems all contributed to the industry’s problems in the first three months, but “Apple’s ability to serve clients via its online stores and its production returning to near normal levels at the end of March helped,” said Gartner.
The company's applications had been downloaded more than 50 million times on a worldwide basis to date, according to data from app intelligence firm Sensor Tower. A complaint filed by the Dept. of Justice on behalf of the FTC alleged that HyperBeard had violated COPPA by allowing third-party ad networks to collect personal information in the form of persistent identifiers to track users of the company’s child-directed apps.
Many people were shocked that a single company could be worth $1 trillion when Apple (NASDAQ: AAPL) achieved that milestone back in August 2018. Now Evercore analyst Amit Daryanani says the technology titan will be worth twice that amount within a few years' time. Daryanani believes Apple's stock could rally more than 70% from its current price of $323 to $550 per share.
The recent coronavirus-led economic disruptions are a new blow to the smartphone industry, which was looking at a promising 2020 toward the end of 2019.
For the past five-plus decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been in a class of his own on the investing front. According to Berkshire Hathaway's annual letter to shareholders, released in February, the per-share market value of Buffett's company has averaged a 20.3% annual gain since the beginning of 1965, compared to 10% on the nose for the benchmark S&P 500, inclusive of dividends paid. This difference may not sound jaw-dropping, but the aggregate gain over the past 55 years is 19,784% for the S&P 500 and 2,744,062% for Berkshire Hathaway.
A possible activist stake in Boeing lit a fire under the stock, and an analyst sees the App Store helping to drive services growth for Apple.
New data suggests life is getting back to some form of normal after the worst of the COVID-19 pandemic.
AT&T (NYSE: T) launched HBO Max last week with a couple big missing pieces: You can't watch it on Roku (NASDAQ: ROKU) devices or Amazon's (NASDAQ: AMZN) Fire TV products. CEO of AT&T's Otter Media division, Tony Goncalves, explained the dispute between HBO Max and Roku and Amazon in an interview with The Verge.
While dismissing most claims, U.S. District Judge Yvonne Gonzalez Rogers ruled late Tuesday that shareholders can sue over Chief Executive Tim Cook's comments touting strong iPhone demand on a Nov. 1, 2018 analyst call, only a few days before Apple told its largest manufacturers to curb production. "Absent some natural disaster or other intervening reason, it is simply implausible that Cook would not have known that iPhone demand in China was falling mere days before cutting production lines," Rogers wrote.
With the economy reopening, smartphone sales rebounding in markets like China and more people spending time on their mobile phones, the semiconductor industry might benefit in the near term.
Hollywood is voicing its support for the Black Lives Matter movement amid ongoing protests over the death of George Floyd.
On Friday, Apple (NASDAQ: AAPL) took the next step to expand its original podcast offerings, launching The Zane Lowe Interview Series, featuring the company's global creative director in conversations with some of entertainment's leading artists. Iconic musical guests include Lady Gaga, Selena Gomez, Justin Bieber, Kanye West, and Hayley Williams. This latest offering is the first time Apple has focused solely on the entertainment industry for its original programming, and comes just as Lady Gaga prepares to release her sixth studio album, Chromatica.
On Monday, the Congressional Budget Office warned that a full economic recovery could take as long as a decade. Shares of Visa (NYSE: V) managed to gain on Tuesday after the credit card giant released data that showed a rebound in spending last month. Meanwhile, Apple (NASDAQ: AAPL) stock was down slightly following reports of steep discounts for iPhones in China.