334.00 +0.39 (0.12%)
After hours: 7:12PM EST
|Bid||332.85 x 1200|
|Ask||332.60 x 900|
|Day's range||326.66 - 345.05|
|52-week range||109.18 - 370.95|
|Beta (5Y monthly)||1.64|
|PE ratio (TTM)||N/A|
|Earnings date||03 Feb 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||294.65|
About a week ago, tech news outlet The Information reported that Apple (NASDAQ: AAPL) is planning to launch an ad-free podcast subscription service. The pioneer of the on-demand audio format has been losing market share to Spotify (NYSE: SPOT) over the last few years as the Swedish music streamer has invested hundreds of millions of dollars in podcast studios and publishing platforms. This subscription service is likely Apple's big strategy to turn the tide.
The ads are only available on podcasts that Spotify produces itself, so it will receive money both from subscription fees and company ads
Investing in the right stocks that are benefiting from secular shifts in consumer behavior can significantly increase your chances of finding a life-changing investment. It's an unstoppable trend that is driving the stock performance of Walt Disney (NYSE: DIS), Spotify Technology (NYSE: SPOT), and Peloton Interactive (NASDAQ: PTON). The House of Mouse entered 2020 as a traditional media company, but by the end of the year, it had transformed into a streaming-first company, which could ignite a new phase of growth for the media juggernaut.