Oppenheimer Remains Bullish Following Apple's (AAPL) Keynote Speech

Global Equities Positive on Apple (AAPL) Open Source App Development; Calls Apple 'Clueless' on Music

June 9, 2015 11:42 AM EDT

Global Equities Research analyst Trip Chowdhry provided his highlights and lowlights from yesterday's Apple (NASDAQ: AAPL) WWDC event:

HIGHLIGHTS:

Swift 2.0 Programming Language to be Open Sourced - thus increasing Apple Developer ecosystem by 3 million, to a total of 8 million Apple developers

Now many 3rd party providers can provide Swift Compilers, Optimizers and Visual... More

New Apple Watch Developer Tools, Launch of Apple Music Two Key WWDC Events - Cowen (AAPL)

June 9, 2015 6:26 AM EDT

Cowen and Company comments on Apple (Nasdaq: AAPL) following the company's WWDC keynote on Monday.

Analyst Tim Arcuri noted some of the highlights from the event:

"iOS 9 includes a significant upgrade in Siris functionality rendering it more proactive and context aware while adding deeper search integration capabilities though the introduction of a dedicated developer search API. Siris new features should help close a notable gap with other mobile platforms, with a potential differentiator in Apples commitment to privacy (i.e. no data mining or... More

Brean Capital Positive on Apple (AAPL) Amid WWDC Updates

June 9, 2015 6:18 AM EDT

Brean Capital analyst Ananda Baruah reiterated a Buy rating and $170 price target on Apple (NASDAQ: AAPL) after the company held its World Wide Developers Conference yesterday where highlights included Beats1 Radio, WatchOS2, and new Apple Pay features.

Baruah commented, "We particularly liked... More

Market Wrap: Apple Kicks-Off WWDC; McDonald's (MCD) May Comps Outpace; Stifel Financial Makes Big Purchase

June 8, 2015 5:24 PM EDT

Market wrap for June 8th

End of the Day: S&P 500 down 13.6 to 2,079.28; Dow Jones down 82. to 17,766.55; Nasdaq down 46.8 to 5,021.63

Market Brief: U.S. markets fell following last Friday's robust nonfarm payroll report. Today's decline follows three-straight weeks of losses for the Dow Jones Industrial Index, which is down over 2.3 percent from a close at 18272.56 on May 15th.

Deutsche Bank's co-CEOs tendered their resignations last Sunday, causing shares to rise.

Apple kicked off its WWDC with several product introductions and... More

Apple (AAPL) Announces Addition of Rewards Programs, Store-Issued Cards to Apple Pay

June 8, 2015 3:11 PM EDT

Apple (NASDAQ: AAPL) announced Apple Pay is making everyday payments even better by adding support for rewards programs and store-issued credit and debit cards with iOS 9. Apple Pay will also give shoppers more ways to pay in the US, expanding merchant acceptance to over one million locations next month and bringing support for Discover this fall. With this addition, Apple Pay will accept credit and debit cards across all major card networks, issued by the most popular banks, representing 98 percent of all credit card purchase volume in the US.

Apple... More

Apple (AAPL) Debuts New Apple Music Platform; Subscription Starts at $9.99/Month

June 8, 2015 3:04 PM EDT

Apple (NASDAQ: AAPL) unveiled Apple Music, a single, intuitive app that combines the best ways to enjoy music all in one place. Apple Music is a revolutionary streaming music service, a pioneering worldwide live radio station from Apple broadcasting 24 hours a day and a great new way for music fans to connect with their favorite artists. Apple Music combines the largest and most diverse collection of music on the planet with the expertise of world-class music experts who have programmed playlists for your iPhone®, iPad®, iPod touch®, Mac®, PC, Apple TV® and Android phones.* Apple... More

Apple (AAPL) Previews WatchOS 2 and New Apple Watch Features

June 8, 2015 3:03 PM EDT

Apple (NASDAQ: AAPL) previewed watchOS 2, the first major software update for Apple Watch, giving developers the tools to build faster and more powerful apps running natively on Apple Watch. Starting today, developers can take advantage of innovative hardware features of Apple Watch including the Digital Crown, Taptic Engine and heart rate sensor, along with software APIs to build new app experiences. Available to Apple Watch users this fall, watchOS 2 also includes new watch faces, third-party app information as watch face complications and new communication capabilities in Mail, Friends and Digital Touch.

We are thrilled... More

Pandora (P) Ticks Higher Amid New Streaming Music Service from Apple

June 8, 2015 2:55 PM EDT

Pandora (NYSE: P) is ticking slightly higher as Apple (Nasdaq: AAPL) debuts its new streaming music service, called "Apple Music." While shares are off of session lows, the stock is still down 2.8 percent Monday.

... More

Apple (AAPL) CEO Cook Says 'One More Thing', Announces 'Apple Music'

June 8, 2015 2:47 PM EDT

Apple (NASDAQ: AAPL) CEO Tim Cook retakes the stage at WWDC and announces "One more thing."

Cook is now talking about the importance of music. The company is playing a video aobut the history of music.

Cook has announced Apple Music... More

MasterCard (MA) Will Bring Apple Pay to U.K. Customers in July

June 8, 2015 2:44 PM EDT

MasterCard (NYSE: MA) will offer its customers access to Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay, when it launches in the UK.

MasterCard has built a foundation for secure mobile transactions made with Apple Pay, to allow consumers to use their cards where and how they want with a seamless payment experience. For consumers and merchants alike, that means that every purchase made with a MasterCard using an iPhone 6, iPhone 6 Plus or Apple Watch will offer the security, benefits and guarantees of any MasterCard... More

Apple (AAPL) Announces New Features for the Apple Watch at WWDC

June 8, 2015 2:36 PM EDT

Apple (Nasdaq: AAPL) is now talking about its Apple Watch.

Apple's Kevin Lynch said new Watch faces are expected in debut soon, as is the WatchOS 2 platform for developers.

Developers will also be able to make their own watch... More

Apple (AAPL) CEO Cook: We've Paid $30B+ to Developers; App Store has Over 100B Downloads

June 8, 2015 2:23 PM EDT

Apple (NASDAQ: AAPL) CEO Tim Cook says the company has paid over $30 million to app developers, that the App Store has over 100 billion downloads, and there are currently over 1.5 million apps in the App Store.

Cook was speaking at Apple's WWDC event today.

... More

Apple (AAPL) to Launch Apple Pay in UK Next Month

June 8, 2015 1:49 PM EDT

(Updated at 3.05)

Apple (NASDAQ: AAPL) plans to launch Apple Pay in the UK next month. It also said Apple Pay will be on Discover card later this year.

Update:

Apple today announced that starting next month, Apple Pay will be available to customers in the UK, bringing them the easy, secure and private way to pay. Whether buying groceries, grabbing coffee, picking up lunch or taking the Tube, UK shoppers will soon be able to make many of their daily purchases with Apple Pay. At launch, over 250,000 locations... More

UPDATE: Apple's (AAPL) OS X Updated, Will be Called 'OS X El Capitan'

June 8, 2015 1:23 PM EDT

(Updated - June 8, 2015 3:02 PM EDT)

Apple's (NASDAQ: AAPL) announced an update for its OS X operating system called OS X El Captain. The update improves spotlight, built-in apps, and allows users to pin favorite sites. It also allows for more colloquial search terms, dragging photos between emails, and a 1.4X improvement in app launching.

Update:

Apple® today announced OS X® El Capitan, a new version of OS X that refines the Mac® experience and improves system performance. Building on last years landmark release of OS X Yosemite, El Capitan introduces... More

UPDATE: Apple (AAPL) Expects to Start Accepting Retail Cards on Apple Pay

June 8, 2015 12:29 PM EDT

(Updated - June 8, 2015 12:39 PM EDT)

Apple (NASDAQ: AAPL) may start accepting retail cards on Apple Pay, according to the WSJ.

UPDATE - The WSJ noted that the call is part of a broad... More

Streetinsider.com's Hot Lunchtime Reads 6/8: (TSLA) (GOOG) (FINL) (AAL)

June 8, 2015 12:13 PM EDT

The following is a list of notable articles to help get you through the lunch hour:Tesla (TSLA) CEO Musk: Solar Will Become 'Majority' of Power Production ->... More

UPDATE: Apple (AAPL) Said to Plan Free, Flipboard-Like App - Re/code

June 8, 2015 11:50 AM EDT

(Updated - June 8, 2015 11:57 AM EDT)

Apple (NASDAQ: AAPL) said to plan free app similar to Flipboard, according to... More

Google (GOOG) Won't Collect Transaction Fees from Card Issuers for Android Pay (AAPL)

June 8, 2015 11:16 AM EDT

Google (Nasdaq: GOOG)(Nasdaq: GOOGL) is going to earn transaction fees from credit-card issuers for its upcoming Android Pay mobile payments service, while Apple (Nasdaq: AAPL) is still expected to collect... More

Ever-Expanding Reach of 'Planet Apple' (AAPL) in Focus as WWDC Kicks Off, Cantor Fitzgerald Notes

June 8, 2015 7:32 AM EDT

Cantor Fitzgerald analyst Brian White weighed in on Apple (NASDAQ: AAPL) as WWDC kicks off today.

White commented, "Steve Jobs once described the seamless interaction of hardware and software at Apple as follows: if the hardware is the brain and sinew of our products, the software in them is their soul. WWDC is primarily focused on software and the associated services that we believe has supported the success of Apple's portfolio of hardware devices over the years, creating the most powerful digital ecosystem in the mobile device world, in our view."

White... More

Apple (AAPL) May Adjust App Store Revenue-Sharing Model Amid Ongoing Talks with Content Providers

June 5, 2015 3:11 PM EDT

Apple (Nasdaq: AAPL) may cut the amount of profit it receives from App Store sales as it looks to woo more content providers and ease regulatory concerns that its abusing its position of power.

As... More

Apple (AAPL) said cutting fees on subscriptions through App Store - FT

June 5, 2015 1:38 PM EDT

Apple (NASDAQ: AAPL) said cutting fees on subscriptions through App Store - FT

... More

Apple (AAPL) May be Slightly Overconfident on Early Adaptation of Apple Pay Platform - Reuters

June 5, 2015 8:51 AM EDT

Apple (Nasdaq: AAPL) is on watch Friday following speculation that the company's near-term outlook for its Apple Pay payments system is too optimistic.

Reuters, citing... More