Apple Shifts More Toward Subscription Services According to Slate, some analysts predict iPhone sales will decline about 15 percent in 2019. As a result, the tech giant appears to be re-evaluating its game plan. Apple Arcade, their new gaming service, will be released in 150 countries for a monthly...
Warren Buffett's investment in Apple has tripled in value to north of $100 billion. Buffett's Berkshire Hathaway spent about $35 billion to build the 5.7% stake in Apple The 10% rise in Apple's stock price on Friday boosted its value to about $104 billion. Business Insider reports that Berkshire's Apple position is now worth more than four times its second-largest holding, Bank of America. Industry analysts call Buffett's investment into Apple "one of the best investments ever."
Shares of Apple have surged as much as 5% to an intraday high of $446.55 per share on Monday. That continues a post-earnings rally for the tech company. The surge pushed Apple's market capitalization to $1.92 trillion. If Apple gains another 5%, it will become the first company to hit a $2 trillion market value. Business Insider reports that Apple has had quite the year, gaining more than 48% even amid the coronavirus crisis.
Business Insider reports that Apple is trying to negotiate cheap rent for some of its retail locations in the UK. In some of its 38 stores across the UK, Apple is asking for a 50% rent reduction. It also wants a temporary rent-free period. Apple generated $58.3 billion in revenue in the second quarter of this year. Per the Times, Apple posted UK sales of $1.8 billion for 2019, and $8 million in taxes to the UK.
On Thursday, Apple released a blockbuster earnings report. On Friday, Apple shares surged as much as 7%. Apple's market capitalization briefly overtook Saudi Aramco's on Friday, dethroning the oil giant as the most valuable company in the world. Apple's market value at $1.762 trillion. Apple's recent tear has sent shares up roughly 39% year-to-date. The company also on Thursday announced a 4-1 stock split, which it said would help it appeal to a broader range of investors.
Wall Street ended higher after a choppy session on Tuesday, but they were capped by declines in AIG and Microsoft. As Fred Katayama reports, Disney shares shot higher after its adjusted profit handily beat expectations.
It's time to play the music, its time to light the lights. The Muppets have made a return to the small screen. Kermit, Miss Piggy and all their friends have returned to the airwaves in the latest reboot of the puppet variety show. The show features a star-studded cast including Taye Diggs, Linda Cardellini, and Danny Trejo. According to CNN, the new show featuring all our old favorites is available on Disney+.
Phineas and Ferb, the beloved Disney cartoon has been off the air for a solid five years now. Now the duo and all their sidekicks are returning to a TV screen near you. According to Gizmodo, Phineas and Ferb the Movie: Candace Against the Universe will soon make its debut on Disney Plus. The movie features stepbrothers Phineas and Ferb, on a quest to save their sister from aliens. The movie features an impressive voice cast, including Ashley Tisdale and Olivia Olson alongside Wayne Brady.
Netflix renews 'Outer Banks' for another season, Disney makes changes to its theatrical release schedule amid the pandemic and Meghan Markle and Prince Harry sue for invasion of privacy over illegal images that were taken of their young son.
Credit: The Hollywood Reporter Duration: 02:15Published
Dwayne "The Rock" Johnson gave an update on his Netflix film "Red Notice." CNN reports that his production company will resume shooting the film in a "quarantined bubble" next month. Johnson's team, Seven Bucks Production, and Netflix are working together to provide a "quarantined bubble" for the filmmakers and crew. Johnson made the announcement on Saturday in a message and video posted on his Instagram account.