Which company do you think is set to benefit from the iPhone 11? Apple, probably followed by a bunch of Apple’s suppliers and contract manufacturers, right? CNBC’s Jim Cramer has another suggestion: Instagram.
Sign in with Apple might be the most underrated feature to come out of the WWDC 2019 keynote. A lot of analysts, including Cult of Mac founder Leander Kahkney, think it’s a big shot at Facebook. The social media giant has become one of the iPhone-maker’s favorite companies to hate on recently, but Apple CEO Tim Cook says the new feature isn’t targeting Facebook.
Trump wants to slap tariffs on the remaining $300 billion worth of Chinese goods. The Office of U.S. Trade Representative began the approval process this week. Those tariffs could go into effect by June 24 and if that happens, some analysts predict Apple will raise iPhone prices by 14% or more to offset the costs.
Apple CEO Tim Cook sounded absolutely ecstatic to count Warren Buffett as one of his company’s investors during an interview at Berkshire Hathaway’s shareholders meeting this morning.
Cook made a cameo in the company’s opening video — that also introduced Apple’s new Buffett-themed game — and sat down with CNBC to talk about his relationship with Warren, Apple’s culture, privacy and more.
Mega-investor Warren Buffett doesn’t sound too confident in Apple’s ability to dominate the entertainment industry.
The Oracle of Omaha said in a recent interview that there are so many big players trying to grab eyeballs in the streaming industry that he wouldn’t want to play that game himself. Even though he’s not gung ho on Apple’s TV service, he also doesn’t sound worried if Apple doesn’t knock it out of the park.
The long wait for Apple’s TV streaming service might finally be coming to an end.
With a rumored March 25 event on the horizon, Apple is reportedly planning to launch its TV streaming service in April or early May, but some of the biggest names in the streaming won’t be part of the platform.
Spotify is making a push to cement its self as the best audio platform in the world. The company revealed today that it acquired two podcasting companies and that it plans to spend big on original audio content.
Despite growing competition from Apple, Amazon and YouTube, Spotify is inching closer to having 100 million paid subscribers. In an interview on CNBC this morning, Spotify CEO Daniel Elk didn’t sound worried one bit about Apple and Amazon spending tons of cash to beat Spotify.
Tim Cook teased new services that will be coming to Apple users this year. Responding to questions about falling iPhone sales during a CNBC interview, Cook stressed the way that Apple’s services division has grown significantly in the past several years.
“The services are on a tear,” Cook said. “On services, you will see us announce new services this year. There will more things coming.”
Apple CEO Tim Cook is set to make an appearance on CNBC investing show Mad Money later today to defend Apple in light of recent setbacks.
The company warned last week that iPhone upgrades for the last quarter were lower than expected. After investors received the guidance on lower revenue for Q1 2019, Apple shares continued their downward slide, which has been pretty much nonstop since the company posted its Q4 2019 results.