|Bid||241.05 x 1400|
|Ask||241.18 x 1200|
|Day's range||240.05 - 245.70|
|52-week range||170.27 - 327.85|
|Beta (5Y monthly)||1.29|
|PE ratio (TTM)||19.07|
|Earnings date||27-Apr-2020 - 03-May-2020|
|Forward dividend & yield||3.08 (1.26%)|
|1y target est||310.09|
Apple (AAPL) and Goldman Sachs defer payments for Apple Card holders for the month of April to ease financial pressure due to the coronavirus pandemic.
Apple (AAPL) is now expected to unwrap a budget iPhone SE 2020 version per 9TO5 Mac that ratifies TF International Securities analyst Ming-Chi Kuo???s report.
Apple (AAPL) is likely to keep its U.S. retail store shutters down and extend work-from-home facilities through early May due to the persistent COVID-19 pandemic spread.
Apple (AAPL) extends program for premium subscription video entertainment providers to offer direct buying or renting options unlike its payment system, which takes a 30% cut of the purchase price.
Tile Inc, which helps users find lost items, told a congressional panel on Wednesday that Apple failed to live up to promises aimed at resolving a dispute between the two companies and introduced requirements that would hurt their business. The smart-tracker maker was one of four companies that testified against the big tech platforms - Tile focused on Apple - in a January hearing in Colorado of a panel of the House of Representatives Judiciary Committee. At the time, Tile's General Counsel Kirsten Daru said that the company had initially had a mutually beneficial relationship with Apple which deteriorated last year amid signs that Apple planned to bring out a similar product.
To make purchases inside apps on its App Store, Apple requires the use of Apple's own payment systems and takes a commission of between 15% and 30% before passing on the rest to the third-party app developer. Many of Apple's rivals in streaming music and video, such as Netflix Inc and Spotify Technology SA , avoid paying those commissions by asking users to sign up with a credit card outside the App Store. Spotify said Apple's practices hurt its business by making it harder for iPhone users to sign up for Spotify instead of Apple Music and filed an antitrust complaint last year in the European Union.
All due diligence and valuations go out of the window when businesses just come to a complete halt, with no timeline available for when they might start making money again. Xerox gave in to the inevitable last night and called off its five-month effort to buy rival printer and PC maker HP. As Lex points out, it had needed to borrow heavily — to the tune of $24bn — and while a rising share price last year gave it ammunition, the recent sell-off slashed Xerox’s market value by half to $4bn.
Apple more than doubled its donation to China's efforts to fight COVID-19 to over 50 million yuan (5.65 million pounds), CEO Tim Cook posted on Weibo on Wednesday, weeks after the iPhone maker said it had opened all its 42 stores in one of its largest markets. Cook said in a post on Twitter last week that Apple donated 10 million masks for health professionals in the United States and Europe, which it sourced through its supply networks. Apple has already donated 20 million yuan of its promised amount through Beijing-based China Foundation for Poverty Alleviation to support six hospitals in Hubei, including the makeshift Leishenshan hospital in Wuhan, Cook said.
China suddenly shut down approximately 600-700 cinemas (again) despite its original plan to gradually reopen as a result of the slowdown.
Apple (AAPL) collaborates with CDC, the White House Coronavirus Task Force and FEMA to launch a coronavirus app and website to combat the COVID-19 pandemic.
Taiwanese electronics manufacturer Foxconn reported a 23.7% fall in profit in the last three months of 2019 on Monday as it braces for the impact from the coronavirus pandemic that has hit demand from key customers such as Apple. Foxconn, which assembles iPhones at factories in China, reported net profit of T$47.76 billion ($1.6 billion), according to Reuters calculations, slightly above an average forecast of T$46.94 billion from 14 analysts compiled by Refinitiv. The world's largest contract electronics manufacturer did not given any explanation for the decline from T$62.61 billion in the same period a year earlier.
A senior official at one of Apple's major contract assemblers said Apple's orders for the quarter ending in March are likely to drop 18% compared with the previous year. The production ramp-up for new phones that work with next-generation 5G networks has been postponed, this person said, though it is still possible the 5G phones could launch as scheduled in the fall. One of Apple's key display suppliers is preparing for a similar level of contraction, according to a person familiar the matter.
Nike and Lululemon have seen the bottom in China sales after coronavirus forced them to close stores, and now say they are applying those lessons in the U.S.