News Analysis Apple’s CEO Tim Cook, according to secret documents reportedly seen by The Information, inked a $275 billion giveaway in 2016 that explains the tech company’s success in China. The Chinese market is no small part of Apple’s current approximately $3 trillion market capitalization. This makes it the world’s biggest company. So the Apple…
Apple Gives $275 Billion to China
December 11, 2021
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Apple Wins Last-Minute Reprieve From App Store Changes While ‘Fortnite’ Appeal Plays Out
Apple Inc. on Wednesday won a reprieve from having to make major changes to its lucrative App Store while it appeals an antitrust lawsuit brought by “Fortnite” creator Epic Games. In September, a judge ordered Apple to change its App Store rules, which ban developers from including links in buttons to outside payment systems rather…
Analysts Remain Bullish on Apple Over iPhone 13, AR Glasses, App Store
Analysts remained bullish on Apple Inc. over iPhone 13 and a court order in support of App Store. Wedbush analyst Daniel Ives says that his Apple store checks, supply chain data, and iPhone order delays confirm his bullish view that demand is currently outstripping supply for iPhones 13 by roughly 10 million units globally. His…
Barclays Sees Apple Vulnerable to TAC Pressure From Google
Barclays analyst Tim Long says he noticed what he believes may be the first step in changing Apple Inc.’s “lucrative, high margin ‘advertising’ revenues,” specifically the traffic acquisition costs. A new pop-up for the Alphabet Inc. Google Search app on the iPhone “could signal a slight change to the current relationship,” Long tells investors in…
Apple Analyst: Cupertino’s Stock Is Attractive Versus Other Mega Caps Despite Valuation
Apple, Inc. shares are rebounding after the weakness witnessed late last week on reports of weaker iPhone demand. Notwithstanding the rich valuation the shares have built up this year, they are still a buy, according to an analyst at KeyBanc Capital Markets. Apple Analyst Brandon Nispel initiated coverage of Apple shares with an Overweight rating…
Budweiser Accused of Downplaying Fossil Fuel Use
December 6, 2021
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Energy analyst Alex Epstein has argued that Budweiser is taking advantage of consumers’ energy-related ignorance by stating that its beers are brewed with 100 percent renewable electricity, pointing out that the “most of the energy that goes into its beer is fossil fuel.” Epstein made his case in a viral Twitter thread as well as…
US Companies Are ‘Hostages’ to China
Commentary Foreign firms doing business in China should be aware of the costs of transacting with a totalitarian regime that controls everything in society and can easily bend any company to its will. Heads of U.S. corporations don’t dare to criticize the Chinese Communist Party (CCP) even in private settings. They know Big Brother is always…
Apple Loses Another Key Car Engineer
Electric air taxi start-up Archer Aviation Inc. roped in Apple Special Projects Group engineering director Michael Schwekutsch as its SVP engineering, CNBC reported on Wednesday. Schwekutsch will lead the Archer’s battery and electric motor development efforts. Former Apple’s VP of special projects, Doug Field, left in September to lead Ford Motor’s (F) emerging technology efforts….
Why Apple Is on Track to $3 Trillion Market Cap in 2022: A ‘Safety Blanket’ Tech Stalwart During Market Storm
Apple Inc. stock has been on a strong run in recent sessions, and an analyst at Wedbush is of the view there is further upside. Apple Analyst Daniel Ives maintained an Outperform rating on Apple and increased the price target from $185 to $200, suggesting more than 20 percent upside from current levels. Apple Thesis…
Read Why Apple Was up on November 30 With Broader Markets in Red
Apple Inc. stock closed higher by 3.1 percent on Nov. 30 as other stocks plunged on concerns of the new omicron Covid variant, CNBC reports. Other large-cap tech stocks like Alphabet Inc.’s Google, Amazon.com Inc., Meta Platforms Inc. (formerly Facebook), and Microsoft Corp. closed lower for the day amid a broader market selloff. Needham analyst…
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