Apple is close to hitting $1 trillion in market capitalization, but it won’t be there alone for too long. Amazon could soon surpass Apple in terms of market capitalization, reported Reuters. According to the report, Apple’s market capitalization hit a record $934 billion last week,...
Apple and Goldman Sachs Group are in the midst of bringing a joint Apple Pay-designated credit card to market. The news comes at a critical juncture in the product lifecycle of Apple Pay. It’s been more than three years since the launch of the mobile wallet and, as...
Jet, the online retailer owned by Walmart, announced Wednesday (May 9) that it is now part of Apple‘s authorized reseller program. According to a report in 9to5Toys, Jet becoming an authorized Apple reseller is huge for its online battle against Amazon. The source noted that Jet...
Adopting an Amazon-like strategy, Apple wants to sell subscriptions directly through its television app. That marks a departure from the current setup that asks users to subscribe through individual apps, Bloomberg reported. The move would make Apple’s devices — such as Apple TV, iPads and...
Following a vote of confidence from Warren Buffett, Gene Munster said that Apple has stepped into a new era. And, even though Berkshire Hathaway purchased nearly 75 million shares in the tech firm in the first quarter, that is only one sign of Apple’s changing...
Apple shares set a new all-time high in trading late last week after Berkshire Hathaway, led by Warren Buffett, bought more shares of the iPhone maker. Reuters, citing a Berkshire Hathaway disclosure, reported the company purchased an additional 75 million shares of Apple during the...
After weeks of speculation, falling stock prices and an analyst undercurrent that yesterday’s earnings report might mark the beginning of the end for the iPhone X due to weak sales, Apple’s results are in – and they cruised easily past analyst estimates. “Customers chose iPhone X more than...
As Apple heads into its quarterly earnings report on Tuesday (May 1), some investors are looking for the company to address its slow growth in services and its large stockpile of cash, Reuters reported. While the iPhone counted for the lion’s share of Apple’s sales...
An analyst believes that Apple’s fiscal third-quarter financial results will disappoint Wall Street, according to CNBC. Bernstein analyst Toni Sacconaghi predicts that Apple’s revenue will fall in the range of $47 billion to $49 billion for its June quarter, compared to the analyst average of...
