Apple (AAPL) will be joining the Dow Jones Industrial Average, replacing wireless carrier AT&T on the well-known stock market index. The change will take place at the end of trading on March 18th. http://ow.ly/K0R80
“Apple, Google, and Microsoft offer all three things: devices, platforms, and services. But each has a different starting point. With Apple it’s the device. With Microsoft it’s the platform. With Google it’s the services.
And thus all three companies can brag about things that only they can achieve. What Cook is arguing, and which I would say last week’s WWDC exemplified more so than at any point since the original iPhone in 2007, is that there are more advantages to Apple’s approach.
Or, better put, there are potentially more advantages to Apple’s approach, and Tim Cook seems maniacally focused on tapping into that potential.”
Some of Silicon Valley’s biggest names, like Apple’s Steve Jobs and Google’s Eric Schmidt, were directly involved in a wage-fixing agreement between their companies. That’s according to analysis of confidential internal Google and Apple memos reviewed and published by the news site PandoDaily. They found that it wasn’t just Google and Apple who were guilty, but dozens of other tech companies were also involved, affecting the salaries of more than a million employees.
Let me say that again, IT HAS A WALL PLUG BUILT IN!
This is sublime and inspired genius for anyone who has ever stumbled about on low battery searching in desperation for someone, anyone who might happen to have an iPhone plug and be generous enough to allow you to monopolize it for an hour or two.
#BendGate: It’s actually exactly what it sounds like We don’t need to waste much time explaining what #BendGate is, you’ve been on the internet today so you already know that some iPhone 6 users are complaining that their phones BEND.
But how did they make this discovery, how far does the iPhone bend, and should you avoid buying an iPhone 6 at all costs?
We answer all these burning questions.
How far does it bend? It bends by about 3 degrees, right where the volume buttons are. Below you can see a graphical representation of this.
Friday's selloff hangs over the market despite yesterday's rally
Markets posted some solid gains yesterday.
Acquisitions and corporate buybacks (GM among them)
provided some lift to equity markets that otherwise seemed to lack much
of a compelling impetus for traders or investors for engagement. All three
majors recouped a significant amount of the ground that was given up on Friday.
Volume, however, was light falling on both the NYSE and the NASDAQ. Ideally a
constructive reversal should have broad A/D sponsorship and expanding volume.
That lack of volume in yesterday’s trade does leave a question mark for
investors as to whether or not we see a resumption in the rally that marked
much of last week’s trading activity. That said, we closed close to the day’s
highs. Near term directional clues will come from this morning’s economic data,
overseas markets and geopolitical developments. There is some overhang.
The 10-year slipped 5 bps closing at 2.19%. The
ECB commenced its asset purchase program with little fanfare and as expected
the noise around the Greek debt crisis became a bit more strident. The
combination of the ECB APP and Greece’s relentless and exhausting inability to
address ECB debt concerns with transparency and immediacy pushed German 10-year
yield down 8 bps.
Though not highlighted in yesterday’s news
coverage in comparison to other events, some encouraging news did come
out as measured by the National Housing Survey. A consumer-centric reading, the
NHS in February recorded a new high in consumer outlook for the economy. In
summary, of those that responded:
47% think the economy will improve
45% think the economy is headed in the wrong
54% think it is easy to get a mortgage
67% think it is a good time to buy a home
In a separate report issued by an independent
financial services company, mortgage delinquencies dropped to 5.6% in February.
Additionally, the rate of foreclosures has dropped by half over a 12-month
period and cash purchases made up 35.5% of sales in December according to
CoreLogic, marking 24 months of decline.
Apple, Feeling Heat From Spotify, to Offer Streaming Music Service
Music-industry executives see Apple’s launch, expected to be announced at its developers’ conference next week, as a watershed moment for streaming music that could move the technology from early adopters to the mainstream. While it is late to the game … [Read More]
Here’s a great quote from Steve Jobs. It’s perfect for traders and investors who love doing what they do. We first saw this shared on the StockTwits $AAPL stream by CrossHairsTrader. If you have another great Steve Jobs quote, please reply to us and share it! #stevejobs #apple #aapl #stocks #quotes #investing #stocktwits
Assuming Apple relies on U.S. free cash flow and debt issuance to fund share buyback over the next three years, Apple is in a position to spend $150 billion on share buyback, repurchasing another 20% of its outstanding shares by 2017.