Tag Archives: Apple

A new bipartisan bill announced Wednesday seeks to bring more competition to the app store market currently dominated by Apple and Google. The Open App Markets Act, led by Sens. Marsha Blackburn, R-Tenn., and Richard Blumenthal, D-Conn., and Amy Klobuchar, D-Minn., would shake up the business model of both company’s app stores and the structure of their mobile operating systems. The bill targets, in part, the in-app payment systems for companies that own app stores with more than 50 million… Source link

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 900 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile failures like hedge funds’ 2018 losses in Facebook and Apple. Let’s take a closer look at what the funds we track think about Apple Inc…. Source link

Twitter has introduced third-party login support, letting users create accounts and log in to the social network with their Apple or Google accounts (via 9to5Mac). Currently, there doesn’t appear to be a way to link your Apple or Google account to an existing Twitter account, so third-party login is (at least for the moment) limited to accounts created using the feature. The feature reportedly showed up in the Twitter beta last month, but now it appears to be more widely available. I… Source link

Tesla (TSLA) CEO Elon Musk denied reports Friday that he demanded to be Apple (AAPL) CEO during a 2016 phone call in which Apple’s Tim Cook discussed buying the electric vehicle maker. Musk also took a separate swipe at Apple’s App Store fee on Friday, tweeting that it’s a “global tax on the internet.” The tweets from Musk were apparently prompted by a new book from The Wall Street Journal’s Tim Higgins, called “Power Play: Tesla, Elon Musk and the Bet of the Century.” That… Source link

<!– (function(w, l){ w[l]=w[l]||[]; w[l].push({ ‘gtm.start’: new Date().getTime(), … Source link

While the pandemic had a slight impact on Apple’s sales last year and a slump in advertising affected Google’s revenue, the quarter was huge for both companies. Apple earned $81 billion in the quarter, more than any fiscal second quarter in the company’s history, thanks to soaring sales of iPhones and services, which includes Apple’s streaming service and cloud storage. Google earned $62 billion, a 62 percent increase from the same quarter last year. Source link

Google parent Alphabet posted $50.44 billion in sales from advertising, a 69% increase helped by a red-hot U.S. market where ad-spending is on track to be the fastest in the postwar era. YouTube’s ad business collected $7 billion in revenue, increasing 84% from a year earlier. The expected results should deepen investor confidence that Alphabet emerged stronger after the Covid-19 pandemic accelerated e-commerce purchases, online food orders and streaming video consumption, analysts say…. Source link

Apple’s iPhone 12 is expected to continue to dominate in Q3. (Image: Apple) Apple (AAPL) is set to report its Q3 2021 earnings after the closing bell on Tuesday, and analysts predict strong iPhone sales performance. But a predicted slowdown in future quarters for App Store revenue, thanks to vaccine-related reopenings and tough comparisons to 2020, could send guidance for the coming quarters lower. Here’s what Wall Street is expecting from Apple, as compiled by Bloomberg, versus how it… Source link

The coming week will be the most important of this quarter’s earnings season — even if later weeks beat it on quantity, it will be nearly impossible to top this slate in terms of dollars and attention. That is because all of Big Tech will report, and those five companies — Google parent Alphabet Inc. GOOGL GOOG, e-commerce and cloud-computing powerhouse Amazon.com Inc. AMZN, iPhone maker Apple Inc. AAPL, … Source link

An impressive run in Apple’s stock over the last four weeks has left it vulnerable to a short-term pullback, warns one veteran chart watcher. “Apple is just as overbought as it was in early September of last year just before it rolled over in a significant way,” said Matt Maley, Miller Tabak chief markets strategist. “So it looks like it will need to pullback and digest its gains before it takes a run at breaking above its January all-time highs.” Apple’s relative strength index (RSI) —a key… Source link