Disney CEO Bob Iger resigns from Apple board as TV battle looms
Friday, 13 September 2019 Apple Inc said on Friday Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company's board of directors on Sept. 10 as the two companies prepare to take each other on head-to-head in the streaming television business.
FILE PHOTO: Walt Disney CEO Bob Iger attends the European premiere of "The Lion King" in London, Britain July 14, 2019. REUTERS/Henry Nicholls (Reuters) - Apple Inc (AAPL.O) said on Friday Walt Disney Co (DIS.N) Chief Executive Officer Bob Iger had resigned from the company’s board of directors on...
Crossmark Global Investments' Victoria Fernandez is still bullish about tech stocks, but she says investors should take some profits on the big names. She tells Reuters' Fred Katayama investors should put the proceeds into Walmart, McCormick and JPMorgan Chase.
On Wednesday, Bank of America analysts downgraded Apple, Inc. To BoA, Apple's surging stock price doesn't present the strong risk-reward profile it once did. BoA downgraded Apple to "neutral" in a note. It said Apple's recent rally to record highs faces too many risks to recommend buying more shares. Business Insider said Apple's future performance could slip if 5G iPhones miss expectations or sell worse than estimated. Services may also shrink after several quarters of "unsustainable" growth.
Disney stock jumped as much as 10% on Wednesday. The increase added more than $21 billion to the entertainment giant's market capitalization. Investors celebrated the news that Disney Plus has attracted more than 60 million subscribers in its first nine months. Pandemic-related closures of theme parks, stores, and cinemas hammered its business, dropping its revenue 42% last quarter.
Apple Inc on Friday disputed a Goldman Sachs research note which stated that the company's plans to account for the trial of its new streaming service Apple TV+... Reuters Also reported by •Which? •TechRadar