|Bid||146.02 x 800|
|Ask||146.70 x 900|
|Day's range||145.90 - 150.21|
|52-week range||110.57 - 161.38|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||04 Feb 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||165.85|
The top stories here are Apple's ITP vulnerability, Amazon's motion to stop work under the JEDI contract, Amazon's soaring music subs and the UK digital tax.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Apple Inc. is pushing back against a European Union initiative that would standardize chargers for all types of smartphones and devices.The European Commission, the bloc’s executive body, is currently considering legislation to cut back on electronic waste, after a previous voluntary approach didn’t meet its expectations, according to an EU official.European lawmakers have been complaining that users are often required to carry different chargers for similar devices. The iPhone maker’s so-called lightning charging cables for Apple products don’t plug into devices made by Samsung Electronics Co. or other electronics companies. Being forced to use a common standard could turn a bespoke product that Apple sells at high prices into a commodity, cutting into its profit.“We believe regulation that forces conformity across the type of connector built into all smartphones stifles innovation rather than encouraging it, and would harm consumers in Europe and the economy as a whole,” Apple said in a statement published Thursday.Apple has butted heads with the EU before. The iPhone maker is appealing an order by the European Commission that the company to pay Ireland 13 billion euros ($14.4 billion) in unpaid taxes -- a decision Apple Chief Executive Officer Tim Cook once called “political crap.” The commission also is looking into an antitrust complaint by Spotify Technology SA alleging Apple favors its own music service, and is asking questions about its Apple Pay product.The initiative comes as the EU is pursuing a sweeping economic transformation, dubbed the “Green Deal,” across the 28-nation bloc. It plans to impose stricter emissions standards on industries, energy taxes and tougher air quality standards.Electronic waste is expected to grow to more than 12 million tons by 2020, according to the EU, making it one of the fastest growing so-called waste streams.“The amount of cables and chargers produced and thrown away each year is simply unacceptable,” Roza Thun und Hohenstein, vice chair of the European Parliament’s internal market committee, said in a parliamentary debate earlier in January. She urged the commission to unveil a legislative proposal within the next six months.The commission is set to release the results of a study it launched assessing the impact of a common charger on consumers by the end of January.Cupertino, California-based Apple said forcing through regulatory changes would disrupt hundreds of millions of active devices and accessories in Europe alone and would create “an unprecedented volume of electronic waste.”The EU in 2009 settled on a voluntary, industry standards-based approach to try to harmonize chargers after considering regulation. Had the EU mandated that all smartphones use only USB-Micro B connectors, that would have restricted advances leading to today’s chargers, which allow for sleeker and smaller gadgets and faster charging times, Apple said.Apple said the industry is also standardizing on its own as companies move toward using USB Type-C through a connector or cable assembly.To contact the reporter on this story: Natalia Drozdiak in Brussels at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Apple's (AAPL) first-quarter fiscal 2020 earnings are expected to have benefited from strength in Services. iPhone sales are likely to have declined due to stiff competition in China.
Apple stock has skyrocketed nearly 110% in the last year. Now the question is should investors think about buying the iPhone giant's stock before Apple reports its Q1 2020 earnings results on Tuesday, January 28?
Amazon Music, the streaming music service from the e-commerce and cloud giant that competes against the likes of Spotify and Apple Music, announced a milestone in its growth today: it has passed 55 million customers across the six different pricing tiers that it offers for the service, ranging from $15 per month through to a free, ad-supported tier. Amazon does not break out how many users are in each of its tiers, although we are asking and will update if we learn more. The overall figure, Amazon said, includes growth of more than 50% of users in the U.S., U.K., Germany and Japan subscribing to Amazon Music Unlimited, which includes HD-quality tracks for about 50 million songs.
Spotify is testing a new Stories feature that will allow select influencers to incorporate video elements into their public playlists, TechCrunch has learned and Spotify confirmed. The first influencer to test the feature is makeup and fashion YouTube star Summer Mckeen, who currently has a social media fan base that includes 2.33 million YouTube subscribers, 2.1 million Instagram followers and 126,455 Spotify followers. Like other Stories' products found on social media apps, the Spotify version offers a similar experience that includes short video clips that users can tap on to advance to the next screen.
(Bloomberg) -- Apple Inc. is discussing making original podcasts related to programs on its Apple TV+ video streaming service, another sign of the technology giant’s growing ambitions in entertainment, according to people familiar with the plans.Apple sent out a request for pitches last summer, asking podcast producers to pitch ideas for audio programs with some connection to its shows, one of the people said. The company has since discussed making podcasts with producers of its original series, according to two of the people, who asked not to be identified because the plans aren’t final.The audio shows would help market Apple’s growing slate of original programs, which have already picked up some accolades. “The Morning Show” earned three nominations at the 2020 Golden Globe Awards, and star Jennifer Aniston was named best actress at the Screen Actors Guild Awards. “Little America,” an anthology series released Jan. 17, has gotten rave reviews from critics.Apple, based in Cupertino, California, declined to comment.The plan speaks to Apple’s big bet on entertainment and media. After decades of making popular devices like the iPhone and iPad, Apple is investing billions in online services that generate additional sales from its existing customers. Services accounted for more than $12 billion in sales last quarter for Apple, but the hope is to get much more.Apple released its first batch of TV series last November in conjunction with the debut of Apple TV+, its paid video service. The company plans to spend billions of dollars a year on original TV shows and movies, and has signed exclusive deals with Oscar-winning director Alfonso Cuaron and Emmy-winning actress Julia Louis-Dreyfus.Apple’s strategy is in many ways modeled after Netflix Inc., owner of the world’s most popular paid TV network. Netflix already produces podcasts that take viewers behind the scenes of shows, profiles its employees and spotlights prominent black members of the entertainment industry.Podcasting is hardly a new business for Apple. The company is the dominant distributor of such programs in the U.S. and many international markets. More than half of all podcast listening happens in the company’s Podcasts app.But the company is under new pressure from Spotify Technology SA, already Apple’s biggest competitor in paid music. Spotify has spent more than $400 million on podcasting companies over the past year, and it’s commissioning dozens of original podcasts exclusive to its service.While Apple has transitioned from selling other companies’ movies and TV shows to produce its own, it has yet to do the same in podcasting. Apple has discussed funding original podcasts of its own, however, and these podcasts would be a step in that direction.To contact the reporters on this story: Lucas Shaw in Los Angeles at firstname.lastname@example.org;Mark Gurman in Los Angeles at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Spotify Technology SA has considered an acquisition of the Ringer website and podcast network, according to people familiar with the situation, part of a broader push into sports content.Spotify has held talks about a deal, said the person, who asked not to be identified because the discussions are private. But it’s not clear whether the transaction will happen or how much the music-streaming giant might spend.The Ringer, backed by former ESPN analyst Bill Simmons, has built a following with sports and pop-culture coverage -- both on its website and collection of more than 30 different podcasts. That could help accelerate Spotify’s ongoing expansion into sports. The company is developing several daily shows on the topic, people familiar with the plans told Bloomberg last week.The Wall Street Journal previously reported on the talks with the Ringer, describing the discussions as early.Sports is one of the most popular genres in traditional radio and podcasting, making it a priority as Spotify builds out its slate of original and exclusive shows. The company hired Amy Hudson earlier this year to oversee sports and has talked with Barack and Michelle Obama’s production company, Higher Ground, about making shows, the Information reported previously.Spotify first signaled its interest in podcasting last February, when it acquired GimletMedia, a boutique podcast studio, and Anchor, a podcast technology platform. The company has also hired former TV executives to develop new shows.To contact the reporter on this story: Lucas Shaw in Los Angeles at email@example.comTo contact the editor responsible for this story: Nick Turner at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
With Apple's first quarter fiscal 2020 financial results due out on January 28, it's time for investors to see why AAPL stock appears to be a strong buy...
Apple and Spotify are giving artists and record labels a place to put their music, but OneRepublic frontman Ryan Tedder thinks wearables are what's really fueling the music industry.
(Bloomberg) -- Apple Inc. and the National Basketball Association on Thursday announced a partnership that includes an Apple Music playlist featuring independent artists from an emerging label.The Base:Line playlist will have about 40 songs with a hip-hop vibe and will be refreshed weekly, Jeff Marsilio, the NBA’s senior vice president of new media distribution, said in an interview. The tracks will also be available on the NBA app and website, and will be used in game highlights shared on social media, the NBA said.Eddy Cue, Apple’s services chief and a well-known NBA fan, was involved in the deal. He said Apple is excited about the partnership and that the playlist is designed to support emerging and established independent “urban artists.”While the playlist will be maintained by Apple, many of the songs will come from UnitedMasters, a relatively new music label that connects about 190,000 independent artists to audiences through direct partnerships with brands.“There’s more supply than the conventional legacy labels can handle,” UnitedMasters founder Steve Stoute said in an interview. “Artists today are getting to audiences before getting to a record company.”Apple is relying on digital services to buoy revenue as growth of hardware products like the iPhone slows. Apple Music has more than 60 million paying subscribers, trailing Spotify Technology SA globally. New partnerships such as the NBA deal may bring in new subscribers who are fans of the game.To contact the reporters on this story: Mark Gurman in Los Angeles at email@example.com;Scott Soshnick in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Tom Giles at email@example.com, Alistair Barr, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Spotify has made playlists and a podcast for dogs to listen to in their owners' absence, after finding that nearly 74% of UK pet-owners play music for their animals. The Swedish audio-streaming business company said it has launched a podcast featuring soothing music, "dog-directed praise", stories, and messages of affirmation and reassurance narrated by actors to alleviate stress for dogs who are home alone. Meanwhile, playlists aimed at pets offer tracks selected by algorithms to match pets' characteristics such as energetic or slow.
Booz Allen (BAH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Spotify is ending its year-long dispute with Warner Music's publishing firm. The world's largest music streaming service said on Tuesday that it has inked a global licensing agreement with Warner Chappell . The announcement marks the end of their litigation before the Bombay High Court, where Warner Music was seeking an injunction to prevent Spotify from using its music in India.
Apple (AAPL) faces lawsuit for health monitoring features of Apple Watch. Increasing legal woes could hurt its competition in the long run.
Apple (AAPL) aarecord App Store sales at the end of 2019 and strength in its services segment, which is expected to aid growth in 2020.
Tempur Sealy, Fiat Chrysler Automobiles, Spotify, Apple and Amazon highlighted as Zacks Bull and Bear of the Day
Spotify Technology S.A. (NYSE: SPOT) will post its fourth quarter 2019 financial results and letter to shareholders on Wednesday, February 5, 2020 before market open.