Apple (AAPL) earnings to serve as a clearing event - Morgan Stanley

Evercore ISI on Apple (AAPL) AppStore Impact: 'We think the aggregate impact of all of this is sub 1% to top/bottom line', 'Sticking with OP and $220 target'

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "ALL YOU NEED TO KNOW: There has been a TON of questions on understanding the various parts of what is happening with... More

JPMorgan Comments on Apple (AAPL) Changes to EU Services Monetization

JPMorgan analyst William Yang reiterated an Overweight rating on Apple (NASDAQ: AAPL).

The analyst comments "Apple will enable alternative app stores for consumers to download apps, and the ability to use alternative payment systems starting March of this year. Apple is charging a lower commission rate in the range of 10% to 17% (vs. prior rates of 15% to 30%) for apps sold through the... More

Goldman Sachs Previews Apple (AAPL) Earnings

Goldman Sachs analyst Michael Ng reiterated a Conviction Buy rating and $223.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "We expect AAPL to deliver relatively in-line results for F1Q24 with EPS of $2.10 (v. FactSet consensus of $2.10) and revenue of $117.4 bn (v. consensus of $118.1 bn). Services revenue should grow 11% yoy (including a ~7pp... More

Apple (AAPL) Vision Pro the first step in a broader AI strategy for the iPhone maker - Wedbush

Wedbush analyst Dan Ives said in a note Wednesday that the Apple (NASDAQ: AAPL) Vision Pro was strong out of the gates, and it is the first step in a broader artificial intelligence strategy for the iPhone maker.

Ives, who has an Outperform rating and $250 price target on AAPL shares, said that around six months ago, the consensus view on the Street was that 70,000 to 80,000 would be the initial targets... More

Under pressure from EU, Apple has been working on a new App Store fee structure - report

Apple (NASDAQ: AAPL) is reportedly planning to implement new fees and restrictions for third-party software downloads outside its App Store in response to an upcoming European law designed to open up its closed iPhone app ecosystem.

This move, applicable only in Europe,... More

Spotify (SPOT): The DMA Means a Better Spotify for Artists, Creators, and You

Spotify (NYSE: SPOT) announced:

Whats one of the top complaints about Spotify? Its actually something that until now has been outside of our control: the ability to seamlessly subscribe to and buy things through Spotify on your iPhone. Consumers have asked us for years about the dead ends, lack of information, and endless hoops to jump through just to purchase a subscription or audiobook. But beginning March 7, if you live in the European Union, that will change. With the Digital Markets Act (DMA) rolling out, your Spotify is about to... More

Morgan Stanley on Apple (AAPL): 'We expect earnings to serve as a clearing event'

Morgan Stanley analyst Erik Woodring reiterated an Overweight rating and $220.00 price target on Apple (NASDAQ: AAPL).

The analyst commented: "We expect Dec Q rev/EPS outperformance, driven by iPhone/ Services, but a March Q rev guide $3B (3%) below Consensus. This is well... More

Netflix shares surge premarket as subscriber growth soars

(Updated - January 24, 2024 7:24 AM EST)

Investing.com -- Netflix (NASDAQ: NFLX) shares surged in premarket U.S. trading on Wednesday after a slate of popular programming helped the streaming giant add far more paying subscribers in the fourth quarter than Wall Street had expected.

The company signed up a robust 13.12 million users during the three months ended on Dec. 31, a 71% surge compared to the year-ago period and markedly above analyst estimates of about 8.9 million, as viewers tuned in for the series finale of "The Crown" and "Squid Game: The Challenge",... More

Apple Car launch delayed to 2028 - report

According to Bloomberg News, Apple (NASDAQ: AAPL) has reportedly dialed back the features for its upcoming electric vehicle (EV) and delayed the cars launch to 2028 at the earliest.

Notably, the company has apparently shifted its focus from a fully autonomous vehicle to a more modest design, aiming to introduce an EV with basic driver-assistance features, marking a significant departure from the previous goal of releasing a self-driving car with advanced capabilities by 2026.

The project, codenamed Titan and T172, has been marked by... More

Apple (AAPL) Now Plans Car For 2028 With Less Ambitious Autonomy Goals - Bloomberg

Apple (AAPL) Now Plans Car For 2028 With Less Ambitious Autonomy Goals - Bloomberg

Netflix, WWE ink long-term partnership worth over $5 billion

Investing.com -- Netflix has agreed to a more than $5 billion, 10-year rights deal with WWE to bring the pro wrestling promotion's flagship weekly program to the streaming service, according to a joint statement on Tuesday.

The companies said that Netflix (NASDAQ: NFLX) will become the "exclusive new home" of WWE's "Raw" event in several territories, including the U.S., U.K., and Canada. "Raw," a blend of scripted content... More

Apple bids to throw out $1 billion UK lawsuit over app store fees

By Sam Tobin

LONDON (Reuters) - Apple on Tuesday asked a London tribunal to throw out a mass lawsuit valued at around $1 billion brought on behalf of more than 1,500 app developers over its App Store fees.

The case, worth up to 785 million pounds ($998 million) and one of several faced by the tech giant in the United Kingdom, alleges Apple charged third-party developers unfair commissions of up to 30% on purchases of apps or other content.

Sean Ennis, a... More