340.10 +1.48 (0.44%)
Pre-market: 8:07AM EST
|Bid||339.31 x 800|
|Ask||0.00 x 1200|
|Day's range||335.91 - 343.55|
|52-week range||252.28 - 385.99|
|Beta (5Y monthly)||1.29|
|PE ratio (TTM)||108.50|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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...
A look at the phase-one trade deal the U.S. and China signed Wednesday. An S&P 500 streak, early Q4 earnings results, and what to expect going forward. Plus why Applied Materials is a Zacks Rank 1 (Strong Buy) stock right now...
Comcast’s NBCUniversal unveiled a new streaming service that will be free to many customers, separating itself from a pack of Hollywood giants looking to persuade people to pay for online television. Comcast, the dominant US cable provider, is offering Peacock to its traditional television customers for free.
(Bloomberg) -- Mobile app spending and usage hit a record in 2019 and show no signs of tapering off this year as faster cellular connections and more big-name video streaming services come online, industry tracker App Annie says.China should again prove the biggest driver of consumption on everything from video streaming to games operated by social media giant Tencent Holdings Ltd., propelling spending 23% higher to $380 billion this year, App Annie researchers said. China made up half of all consumer spending in 2019 and was among the fastest-growing markets when it came to time spent on a mobile device. The global average is now 3.7 hours per person per day, according to the researchers.Among the headline grabbers of 2019 was ByteDance Inc.’s video-sharing platforms including TikTok, which racked up 14.5 billion hours of time watched and grew its audience 200% in the fourth quarter. Nine out of every 10 minutes spent in the app have come from China, App Annie said. Google’s YouTube Music racked up even more impressive numbers, growing worldwide active users 870% over the 24 months ending Dec. 19.“Year 2020 will mark the beginning of a mobile-first decade,” said Cindy Deng, managing director for Asia-Pacific at App Annie. “It’s imperative that brands start to adapt their strategy to this growing generation, or risk being left behind.”Tinder, Netflix and Tencent Lead Record-Breaking Year for AppsIn the past year, mobile apps accumulated $120 billion of global consumer spending, with games accounting for 72% of that. Advertising brought in $190 billion, said App Annie, forecasting the number to grow to $240 billion this year.Generation Z -- the cohort born after 1997 for whom mobile has become the first screen -- is fueling the surge. Income from games continued to grow in 2019, when 1,121 mobile titles brought in more than $5 million in earnings, up from 959 two years prior. 139 games went beyond $100 million in revenue for the year, up from 88 in 2017.But non-gaming apps grew even faster, led primarily by subscription-based revenue models and a rabid appetite for entertainment.In the U.S., App Annie found Apple Inc.’s iOS platform commanded 79% of non-gaming app revenue versus Google’s Android claiming 21%, with the majority on both platforms coming from subscriptions to the likes of Tinder and Netflix Inc.The use of mobile finance apps doubled between 2017 and 2019, with users accessing such services 1.1 trillion times in the past year. This has been driven by mobile-first countries like China, India and Brazil, while Indonesia, Japan and Russia are growing fastest when it comes to monthly active users. App Annie analysts said fintech apps designed specifically for mobile screens, such as Monzo or PayPay, were outperforming traditional banks because of their greater ease of use.Entertainment apps also saw a 120% rise in use over the past two years, and in 2019 Netflix was joined by Apple TV+ and Walt Disney Co.’s Disney+ subscription streaming offerings. The competition will intensify as more mobile-centric services emerge: former HP Inc. Chief Executive Officer Meg Whitman and film veteran Jeffrey Katzenberg’s Quibi, for instance, offers different video perspectives depending on how a phone is held.Streaming content looks likely to be the big driver for the adoption of 5G networking among mobile users, as App Annie found it growing universally around the globe. On Android phones over the past two years, India streamed nearly 80% more, France and Japan were up more than 50% and the U.S., Canada, and Indonesia all grew by more than 40%. Data consumption on streaming sports was up 80% over the same period, indicating a bandwidth-hungry market that’s far from hitting its consumption ceiling.To contact the reporter on this story: Vlad Savov in Tokyo at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Vlad SavovFor 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.
NFLX is the worst performing FAANG stock over the last 12 months, down 2.5%. Here's what to expect from Netflix's Q4 2019 earnings results...
(Bloomberg) -- France is finalizing a bill to force video-on-demand services from Netflix Inc., Amazon.com Inc., Apple Inc., Walt Disney Co. and others to invest at least 25% of their revenue derived in the country to fund local productions.The French legislation falls under a European Union directive requiring such companies to ensure that at least 30% of their catalogs are comprised of European-made content. The French Culture Ministry, which shared a presentation made Tuesday in Paris with Bloomberg, didn’t comment on how France is planning to measure sales of the platforms in France.California-based Netflix has already made several French original series, including “Marseille” and “Osmosis,” and announced plans to open a Paris office in January. The service exceeded 5 million subscribers in France, Chief Executive Officer Reed Hastings said last year.Netflix now has 6.7 million subscribers in the country, Hastings said in an interview with French news magazine L’Express. The company plans to invest more than 100 million euros ($111.5 million) in French productions this year, he said.Parliament will debate the bill beginning in March and it would be enacted after a late-summer final vote, including details of the services’ obligations, the ministry said.The rule is part of France’s broader push for what it has dubbed its “cultural sovereignty in the digital era.” It aims at buoying national traditional media players in the face of the growing success of foreign entertainment platforms. France is also going to relax broadcasting and advertising rules that were designed in part to protect French cinema and keep people going to movie theaters.Read More: France Considers Relaxing Its Archaic Broadcasting RulesThe National Center for Cinema and Animated Image, the governmental body overseeing French productions and funding, estimates Netflix and equivalent platforms accrued sales in France of about 500 million euros in 2018, which would make for an investment of about 125 million euros, French newspaper Les Echos reported on Tuesday.In a speech in Paris on Tuesday, President Emmanuel Macron said his country “has a model, the French model, that is defending authors and authors’ rights.”It runs counter to the “Anglo-Saxon model,” he said, which is designed to provide “content.”(Updates with CEO comments in fourth paragraph.)\--With assistance from Lucas Shaw and Angelina Rascouet.To contact the reporter on this story: Helene Fouquet in Paris at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Molly Schuetz, Nick TurnerFor 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.
Netflix's (NFLX) receives 24 nominations at Oscars. A win at the Oscar will bodes well for its top line and aid talent acquisition as competition intensifies in the streaming space.
Disney's (DIS) streaming service Disney+ benefits from strong content portfolio, which is set to boost subscriber growth and give it a competitive edge in the video streaming space.
“Joker” is leading the pack among 2020 Oscar nominees. Fresh off two Golden Globes wins, the controversial film is up for 11 Academy Awards. It’s also the first R-rated film to surpass $1 billion at the global box office.
Yahoo Finance speaks at length about the future of retail and the cloud business in an exclusive interview with Microsoft CEO Satya Nadella.
Netflix (NFLX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- Brazil’s President Jair Bolsonaro minced no words to express his contempt for a Netflix documentary on the country’s recent political upheaval that was nominated for an Academy Award.The film “The Edge of Democracy,” about the impeachment of former President Dilma Rousseff, is “fiction,” he told reporters outside the presidential residence in Brasilia on Tuesday. “Am I going to waste time with crap like that?”Bolsonaro’s comments are the latest reaction to the film that has further divided Brazil’s polarized political landscape. Many on the country’s political left including former President Luiz Inacio Lula da Silva, who mentored Rousseff, celebrated its nomination for best documentary feature. Meanwhile, lawmakers who supported the impeachment process including the PSDB party said the film was “fiction and fantasy.”Directed by Petra Costa, “The Edge of Democracy” gives a first-person account of Brazil politics under Lula and Rousseff. The backlash against Brazil’s ruling elite which contributed to Rousseff’s ouster in 2016 helped clear the way for Bolsonaro’s election two years later.To contact the reporters on this story: Flavia Said in Brasilia at email@example.com;Simone Iglesias in Brasília at firstname.lastname@example.orgTo contact the editors responsible for this story: Walter Brandimarte at email@example.com, Matthew MalinowskiFor 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.