170.77 -0.30 (-0.18%)
Pre-market: 5:18AM EST
|Bid||170.70 x 2100|
|Ask||170.98 x 300|
|Day's range||171.01 - 174.12|
|52-week range||135.28 - 180.10|
|PE ratio (TTM)||17.64|
|Forward dividend & yield||2.52 (1.46%)|
|1y target est||N/A|
Feb.21 -- Bloomberg's Danielle Bochove discusses Apple's hopes of buying long-term supplies of cobalt directly from miners for the first time. She speaks on "What'd You Miss?"
Car companies and battery manufacturers are all rushing to secure multiyear contracts with mining companies for their lithium-ion batteries. According to a Bloomberg report, Apple is also participating in this game as the company wants to secure its long-term supplies. Apple relies on a ton of suppliers for all the components in its devices — including for batteries.
Multiple reports, citing various unnamed sources, said Apple was talking to major cobalt producers to buy long-term supplies directly.
What happens when Apple no longer has easy wins in the iPhone's supply chain and all the low-hanging profit in the smartphone is gone?
Business leaders have a responsibility to take a stand on social issues such as curbing gun violence, says Yale management guru.
Three technology titans have powered nearly half of the S&P 500’s advance this year, a worrying sign for investors expecting a strengthening economy to lift shares of manufacturers, oil companies and other firms whose fortunes typically improve with growth. Amazon.com Inc. has accounted for 27% of the broader index’s 1.6% gain through Tuesday, according to S&P Dow Jones Indices’ data. U.S. stocks fell Wednesday, but Amazon and Netflix extended their 2018 gains, adding to their dominance over the S&P 500.
Bloomberg's Danielle Bochove discusses Apple's hopes of buying long-term supplies of cobalt directly from miners for the first time. She speaks on "What'd You Miss?" (Source: Bloomberg)
Key market index funds reversed following the Fed minutes, with Apple, Amazon and Netflix giving up or paring gains.
Disappointing sales of Apple's premium-priced OLED-screen iPhone X have prompted Apple to cut production targets for two models.