As Apple Inc. (NASDAQ:AAPL) conducts its anticipated Worldwide Developers Conference (WWDC), Aaron Pressman of Yahoo Finance says the giant needs to show rather than tell. Pressman noted that Apple Inc. (NASDAQ:AAPL) has been raising expectations prior to the WWDC. For example, SVP Eddy Cue told the crowd at the inaugural Code Conference that the company’s product pipeline is the best he has seen in all of his 25 years with the iPhone-maker. The Yahoo Finance reporter expressed concern about whether Apple Inc. (NASDAQ:AAPL) will be able to fulfill this detail. “That encompasses the iPhone, the iPad, iPod: all these things.…
Author: Solon Harmony B. Dolor
The Worldwide Developers Conference of Apple Inc. (NASDAQ:AAPL) kicks off today and CNN’s David Goldman has what the publication thinks is a list of what the tech giant will likely reveal at their much anticipated event. First on the list of what to expect in San Francisco today is iOS 8. Traditionally, Apple Inc. (NASDAQ:AAPL) unveils their newest version of its operating system for its mobile devices at this annual event and this year is expected to be no different. Rather than expecting a radically-altered iOS to be unveiled at the WWDC, Goldman noted that Tim Cook and company will…
Sanford C. Bernstein senior research analyst Toni Sacconaghi told CNBC that the Apple Inc. (NASDAQ:APPL) and Beats Electronics deal is easy to justify but thinks the iPhone-maker could have done better. Sacconaghi agreed that there is a price to be paid to acquire talent and that there is talent acquired with the Beats Electronics deal. He also agreed that the price paid for the deal is fair noting that the electronics business can be a very profitable business. However, he stressed that he would rather have had Apple Inc. (NASDAQ:APPL) “deploying this capital into something where there’s more growth potential…
Microsoft Corporation (NASDAQ:MSFT) may soon mark its entry into the wearables industry as the technology giant is reported to be developing a smartwatch. According to Forbes, the smartwatch the Redmond, Washington-based Microsoft Corporation (NASDAQ:MSFT) is developing is a cross-platform device which will work with iPhones, Android phones and Windows Phones. The smartwatch is said to have technology drawn from the company’s Xbox Kinect division. Citing several unnamed sources who are said to be familiar with the windows-maker’s plans, Forbes reports that the watch will have a two-day battery life which is comparable to Samsung’s Gear Fit, a smartwatch that is…
BlackBerry Ltd (NASDAQ:BBRY) CEO John Chen is happy about the launch of the BlackBerry Z3 as he discussed his company’s turnaround plan with CNBC. John Fortt asked the BlackBerry Ltd (NASDAQ:BBRY) boss whether a recent New York Times report saying that reception to the Z3 was not strong after its launch in Indonesia and the CEO said contrary to what was told, reception of the new device “was actually quite good”. He added that he has looked into feedback from local stores, distributors and carriers and found that the reaction to the Z3 was “pretty good.” Fortt then went on…
Morgan Stanley analyst Katy Huberty believes that the Apple Inc. (NASDAQ:AAPL)’s acquisition of Beats Electronics is a “low risk” deal that could potentially yield high value. Speaking to CNBC’s Fast Money, Huberty said that they, at Morgan Stanley, are huge believers of the stock although Apple Inc. (NASDAQ:AAPL) has been recently hitting highs. She added that this is because of two points: first, the company is the only large cap technology stock that is under-owned relative to the benchmark by the biggest holders, and second, they see increasing evidence that their bull case of $860 is justifying itself, because of the…
Victor Anthony of Topeka Capital Markets has recently discussed with CNBC’s Melissa Lee how Twitter Inc (NYSE:TWTR) is showing a monetization upturn and signs of growth. According to Anthony, he thinks the stock reaction the market saw several months ago was just Twitter Inc (NYSE:TWTR) getting ahead of itself and that the stock has now had a correction that’s tied to the current market environment for overall high-growth, high-multiple stocks. Furthermore, he noted that investors may have been carried away just looking at user growth for the company. Twitter Inc (NYSE:TWTR) has seen in recent months a slowing of user…
During the Pops and Drops segment of CNBC’s Fast Money, the team explained why T-Mobile US Inc (NYSE:TMUS), Sunedison Inc (NYSE:SUNE) and Clean Energy Fuels Corp (NASDAQ:CLNE) have been among the stocks with the most notable moves. Pete Najarian started off by saying that T-Mobile US Inc (NYSE:TMUS) was influenced by Masayoshi Son, SoftBank Corp CEO, speaking at the Code Conference saying that his company would really like to buy another major carrier in the U.S. and Deutsche Telekom AG offering to buy T-Mobile US from them. Najarian noted that T-Mobile US Inc (NYSE:TMUS) is at a 52-week high, up 70%, and…
Jim Cramer believes that Apple Inc. (NASDAQ:AAPL)’s CEO, Tim Cook, deserves more credit than he is getting in light of the iPhone-maker’s deal to acquire Beats Electronics. Sharing his thoughts to viewers of Mad Money, Cramer told the audience that the scrutiny Apple Inc. (NASDAQ:AAPL) and its CEO is subjected to “is downright insane, it’s lunacy”. He added that he has heard people say that the Beats acquisition is a big waste of money for the tech giant, that it “is just a way to get some smart people to work for the company, that the deal does not solve the…
If Apple Inc. (NASDAQ:AAPL) is to continue to lead in the industry, DFC Intelligence’s Founder and CEO David Cole told CNBC that the company needs to have a great product pipeline. Cole noted that what is playing out today in the consumer electronics space is a massive battle to win the hearts and souls of consumers. Companies are racing to deliver the latest and greatest hardware devices to consumers and, in the process, develop all kinds of proprietary entertainment services and content. Sony Corp (ADR) (NYSE:SNE), Cole added, was the company that was in the driver seat 10 years ago,…
Steve Ballmer, the former CEO of Microsoft Corporation (NASDAQ:MSFT), has agreed to buy the Los Angeles Clippers for $2 billion. In a recent program, CNBC’s Andrew Ross Sorkin together with Andy Sewer of Fortune Magazine and Reuters Digital’s Dan Colarusso discussed Ballmer’s recent deal. The acquisition is yet to be approved by the NBA board of governors. Andrew Ross Sorkin opened the discussion by telling the team that if this acquisition is approved, it will set a record price for an NBA team. The former Microsoft Corporation (NASDAQ:MSFT) CEO outbid a group led by David Geffen and included Oprah Winfrey which…
Biographer Walter Isaacson talked about tech behemoths Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) on CNBC’s Squawk Box and discussed the iPhone-maker’s Beats deal and the e-commerce giant’s feud with the Hachette Book Group. Regarding Apple Inc. (NASDAQ:AAPL), the President and CEO of the Aspen Institute noted that Steve Jobs and Jimmy Iovine, Beats Electronics cofounder and CEO, have bonded in the past. He also mentioned that the thinks Iovine is currently the greatest talent spotter in the music and content business and that acquiring Iovine “just feels part of the deal”. Asked directly if he thinks Jobs would have…