Apple (AAPL) CEO Cook Updates on Apple Music Metrics; Initial Conversion Rate at ~60%

Apple (AAPL) Powers Higher After Weak Open

October 20, 2015 11:06 AM EDT

After starting weaker, Apple (NASDAQ: AAPL) is powering higher mid-day and helping lift the averages. Shares are up 1.7% currently helped by positive installment plan growth and strong initial results for Apple Music.

While Verizon's (NYSE:... More

Early Apple Music Results Appear Strong; FBR Reaffirms at 'Outperform' (AAPL)

October 20, 2015 8:22 AM EDT

FBR affirms its Outperform rating and $175 price target on Apple (Nasdaq: AAPL) following Apple Music commentary from CEO Tim... More

New iPhone helps pull round Taiwan's falling export orders

October 20, 2015 6:49 AM EDT

By Liang-Sa Loh and Roger Tung

TAIPEI (Reuters) - Taiwan's export orders fell by far less than expected in September as the launch of Apple Inc's (NASDAQ: AAPL) latest iPhones boosted demand for the island's signature technology goods.

It was the sixth consecutive monthly fall, but the better than expected showing - export orders fell 4.5 percent compared with a Reuters poll forecast for a 12.7 percent drop - could signal the start of a turnaround for a struggling tech sector.

Taiwan's export orders are seen as a leading indicator of... More

Apple Music hits 6.5 million paid users: Tim Cook

October 20, 2015 12:43 AM EDT

By Julia Love

(Reuters) - Apple Inc's (NASDAQ: AAPL) new music streaming service has netted more than 6.5 million paid users, the tech giant's Chief Executive Officer Tim Cook said on Monday.

Speaking at a technology conference organized by The Wall Street Journal in Laguna Beach, Calif., Cook said that an additional 8.5 million people are participating in a free trial of the Apple Music service. That gives it more than 15 million users in total, which Cook described as a successful debut.

"I'm really happy about it,... More