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

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

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

October 20, 2015 7:10 AM EDT

Apple (Nasdaq: AAPL) CEO Tim Cook said that the company has 15 million people on its Apple Music streaming music service, with 6.5 million paying subs.

News comes from commentary at the... 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