Yesterday, 7:34 AM
- According to prominent mobile phone leaker Evan Blass (a.k.a @evleaks), the world may be just under two months away from the iPhone 7.
- "iPhone 2016 release: week of September 12th," he wrote on Twitter. "Just to clarify, this refers to the retail release, not the launch event. To be even more specific, it should happen on Friday, Sept. 16th."
- Rumors are also swirling about whether Apple (NASDAQ:AAPL) will offer a three model line-up for the first time, including a so-called iPhone 7 Pro.
Fri, Jul. 22, 4:14 PM| Fri, Jul. 22, 4:14 PM | 52 Comments
Thu, Jul. 21, 3:37 PM
- A report by IDC describes a 32% fall in the global smartwatch market and a steep 55% decline in Apple's (AAPL -0.5%) Watch sales from Q2 2015 to Q2 2016.
- According to this report's data global smartwatch shipments in Q2 were 3.5M vs. 5.1M Y/Y with Apple contributing 1.6M (-55% Y/Y) and Samsung (SSNLF) 0.6M (+51% Y/Y) to that number. Lenovo (+75%) and LG Electronics (+26%) each shipped 0.3M and the remaining shipments were contributed by Garmin (+25%) and other undisclosed companies.
- A concern going forward as it relates to this sector, whether this data is accurate or not, is the extended product refresh period Apple has so far adopted for its Watch offering. More than a year after launching (April 2015), a second generation Watch has not been released. With an already extended refresh cycle for the iPhone and though an upgrade is rumored to be released in fall of this year, it remains to be seen what time frame will eventually be adhered to for the Watch.
- Apple has not commented on this report and has not released official figures regarding Watch sales since April 2015.
Wed, Jul. 20, 5:34 PM
- Needham & Company forecasts Apple (AAPL) could see $3B in revenue over the next 12-24 months generated exclusively by Pokémon Go.
- Laura Martin, Needham's Managing Director, cites the mobile phenomenon's surge in U.S. popularity and factors expected international expansion into her projection.
- More notably, the success of Pokémon Go indicates a potential bonus for both Apple and Google (GOOG, GOOGL). The App Store and Google Play are the base of any successful games running on the companies' respective platforms and money made through in-app purchases is subject to 30% cuts on both. However, revenues generated from App Store and Google Play are famously incongruous and so are the dollar amounts spent by users of iPhone vs. Android. It is misguided to assume what occurs on one platform will occur on the other. Until actual numbers and monetary breakdown of the game as it relates to either App Store or Google Play revenues is unveiled, it is only worth noting the potential such a momentum generating piece of software can have on these platforms.
- Apple and Google are squarely in the middle of any existing and subsequent hits housed on their respective app marketplaces. A success like Pokémon Go was a big time effort from those involved in its creation and Apple and Google are in positions to immediately share in its prosperity. Going forward, apps can fail with little effect on these companies' bottom lines, but when a knockout comes around, they only stand to gain.
Tue, Jul. 19, 11:03 AM
- Today Apple (AAPL +0.1%) launches its Apple Pay service in France, marking the eighth country it has become available in up to this point.
- The company confirmed this expansion at its WWDC conference last month.
- The United Kingdom and Switzerland were previously the only European countries to have access to the service.
- Hong Kong and Spain launches are also expected in the near future.
- Apple Pay is the company's foray into mobile payments and digital wallet technology with the iPhone, iPad and Watch lineups supporting its capabilities.
- With competition from Samsung Pay, Google Wallet, PayPal and others along with 12 million estimated monthly users for Apple Pay alone, it's worth watching the mobile payments international expansion race unfold.
Mon, Jul. 18, 11:54 AM
- In a filing made with the Copyright Royalty Board, Apple (AAPL +1.3%) has proposed a retooling and simplification of songwriting royalty rates within a streaming environment. However, the rates Apple recommends would not apply to Apple Music, marking this memo an acute warning shot at its competitors, most namely Spotify (MUSIC).
- Apple ideates a 9.1 cent per 100 song plays model, a departure from the existing complex federal rules regulating streaming music that have allowed Spotify and others to offer free subscription tiers.
- Apple Music only offers a paid model service and has direct deals with many artists present on its platform.
- Google, Spotify, Pandora, Amazon and the Recording Industry Association of America were also expected to file similar briefs but none have yet become available.
- This note comes as part of a process set up by the Copyright Royalty Board to determine download and streaming rates for the 2018-2022 period.
Fri, Jul. 15, 5:02 PM
- Concerns over smartphone demand have analyst Mark Moskowitz cutting his Apple (AAPL) iPhone unit estimates from 212.1M to 203.7M (2016) and 233.8M to 224.4M (2017).
- New price target down to $115 from $121 with a retained Overweight rating.
- Since 2007 Apple has adhered to a biennial cycle when it comes to launching major iPhone device upgrades. However, this year's improvements are reported to be minor in nature with the next significant release not coming until 2017.
- While highlighting anticipated near term demand pressure relative to this cycle extension, Moskowitz nonetheless expects the usual resurgence in share price around the time of this year's launch.
Fri, Jul. 15, 3:50 AM
- Apple (NASDAQ:AAPL) won't confirm too many details about its plunge into original content - but media chief Eddy Cue said talent agencies should be "very, very excited" about what it's up to, according to The Hollywood Reporter.
- The company is "not trying to compete with Netflix," as any efforts around creating TV shows are limited to close integrations with Apple devices and Apple Music, software and services.
- For instance, the unscripted reality show "Planet of the Apps" lets Apple bring something to the table, but it's not actively trying to buy a full-blown Hollywood studio at this point.
Wed, Jul. 6, 9:44 AM
- Low expectations for the next iPhone are taking some of the risk out of a pre-launch period that's tended to be bullish for Apple (AAPL -0.2%), Gene Munster says.
- The Piper Jaffray analyst is holding an Overweight rating and $153 price target, implying a hefty 61% upside from today's $94.81.
- After a spate of headlines backing off sales expectations for the next phone, Munster is noting that resale value of the last phone is in line with the comparable phone during last year's post-launch period, pointing to aftermarket stability.
- The stock has outperformed on the ramp into the launch, he notes. "Looking back at the past three major number change iPhone Launches (4, 5, 6/6 Plus), shares of AAPL outperformed the S&P 500 on average by 14% with 12 weeks left until launch ... We believe we are 12 weeks away from the iPhone 7 being available for sale."
Wed, Jul. 6, 5:19 AM
- The new starting point for storage on the new entry-level iPhone will be 32GB, up from 16GB currently, sources told the WSJ.
- The device, likely to come in September, is also rumored to have several substantial changes: the removal of headphone jacks, better cameras, longer battery life, thinner and more water resistant.
- Wall Street is watching Apple's (NASDAQ:AAPL) profile, after the company saw its first Y/Y quarterly sales drop since 2003 during the second quarter.
Mon, Jul. 4, 7:39 AM| Mon, Jul. 4, 7:39 AM | 5 Comments
Fri, Jul. 1, 4:42 PM
- Gene Munster has reacted to news that Apple (AAPL +0.3%) is talking about a Tidal takeout with a price expectation: about half a billion dollars.
- The Piper Jaffray analyst expects that's would it would take to buy the streaming service -- just a bit of the $3B Apple paid for Beats Music, but still nearly 10 times the $56M that Jay-Z paid for the service when buying from Aspiro last year.
- Tidal's 4.2M subs would add to Apple Music's 15M and bring more hip-hop, Munster says, though Apple still trails Spotify (Private:MUSIC) by a ways.
- "The key take away is Apple continues to increase its focus on the highly profitable and predictable services business," Munster says. "In Apple’s Mar-16 quarter, services accounted for 12% of revenue, and grew at 20% y/y, with a ~60% gross margin. This compares to Apple’s overall business which saw revenue decline by 13% y/y, with a 39.4% gross margin."
- Munster has an Overweight rating on Apple and a price target of $153, implying 59.6% upside.
- Previously: Apple returns fire at Spotify, citing app rules violation (Jul. 01 2016)
Fri, Jul. 1, 2:37 PM
- Apple (AAPL +0.4%) has launched a return salvo at Spotify (Private:MUSIC) and its claims that Apple is acting anti-competitively, with a letter rejecting that charge.
- Apple's general counsel, Bruce Sewell, said in the letter that a rejection of an update to Spotify's app came due to a simple rules violation tied to in-app purchases.
- Subscription services must pay 30% of monthly fees to Apple if users sign up through the app, while they can avoid that 30% payment if their users sign up through companies' websites instead. But the companies cannot link to those other sites via their app, Sewell said.
- Spotify did that, and that's "a clear violation of the terms every other developer adheres to," Sewell wrote.
- “There is nothing in Apple’s conduct that ‘amounts to a violation of applicable antitrust laws,'” Sewell says. “Far from it.”
Fri, Jul. 1, 8:56 AM
- June monthly performance was: -1.51%
- 52-week performance vs. the S&P 500 is: -6%
- No dividends were paid in June
- Top 10 Holdings as of 3/31/2016: Apple Inc (AAPL): 1.99548%, Teva Pharmaceutical Industries Ltd ADR (TEVA): 1.87105%, Newell Brands Inc (NWL): 1.84351%, Gilead Sciences Inc (GILD): 1.73578%, Sky PLC (OTCQX:BSYBF): 1.71062%, CGI Group Inc Class A (GIB): 1.69257%, Mattel Inc (MAT): 1.67955%, Amcor Ltd (OTC:AMCRF): 1.61314%, WH Group Ltd (OTC:WHGRF): 1.57211%, Dollar General Corp (DG): 1.52508%
Thu, Jun. 30, 6:27 PM
- Apple (NASDAQ:AAPL) is in talks to acquire Tidal, the struggling music streaming service launched by producer/entrepreneur Jay-Z, The Wall Street Journal reports.
- That means a strong roster of artists tied to Tidal could give a boost to Apple Music. The talks are exploratory and might not end up in a deal, sources told the paper.
- Jay-Z launched Tidal (after buying its underlying company from Aspiro for $56M) alongside artists who had been given stakes in the service, including Kanye West, Rihanna, Nicki Minaj, Beyonce and Daft Punk.
- Tidal has struggled to gain traction, however, because of relatively high prices compared to rivals, and pushing a lossless sound tier expected to appeal to just a small part of the marketplace.
Thu, Jun. 30, 3:08 PM
- Apple (NASDAQ:AAPL) is "causing grave harm to Spotify (Private:MUSIC) and its customers," by rejecting an update to Spotify's iOS app, goes a letter sent by Spotify's general counsel to Apple's top lawyer, reports Re/Code.
- The letter suggests the streaming service intends to use the issue in its fight over Apple's rules governing subscription services using its App store, and copies of it went to - among others - Sen. Elizabeth Warren, who yesterday said, "Apple has long used its control of iOS to squash competition in music."
- Spotify has used Apple's billing system for years, passing along the 30% charge to customers (who pay $13 per month instead of the $10 charged outside of Apple's store).
- Since Apple launched its own music service, Spotify has been more vocal about encouraging customers to pay outside of iTunes - something which hasn't pleased Apple. Spotify, this month, revived a campaign offering new subscribers three months for $0.99 if they signed up on the company site. Spotify's lawyer says Apple threatened to remove the app from its store unless the company stopped telling iPhone users about the deal.
Apple, Inc. engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. The firm offers products and services under the iPhone, iPad, Mac, iPod, Apple Watch, and Apple TV brands; consumer and professional... More
Industry: Personal Computers
Country: United States
Other News & PR