Capital spending on cloud computing infrastructure by Apple (AAPL) and U.S. Internet companies has slowed as Chinese companies, led by Alibaba (BABA), come on stronger, says RBC Capital in a research report. Apple’s September-quarter cloud spending slipped 5% to $3.6 billion, while Alibaba’s jumped 64%, albeit from a lower base, to $197 million, says RBC Capital. Apple has expanded its data center capacity to deliver more Web services to
In its first three months on sale, the Apple (AAPL) iPad Pro has the potential to make $2.4 billion in revenue with three million units sold, RBC Capital Markets said in a report issued Tuesday. More good news for Apple comes from the payments space as Apple Pay’s reach broadens. According to a Wall Street Journal report, Apple plans to launch Apple Pay in China by early February as it forges pacts with China’s big state-run banks. And in the
A day afterApple (AAPL) supplier Skyworks Solutions (SWKS) backed off from a bidding war for PMC-Sierra (PMCS), Microsemi (MSCC) snared the chipmaker in a $2.5 billion deal Tuesday. Microsemi and PMC investors booed the deal in early trading, however, on the stock market today. Microsemi stock fell 6% and PMC stock was down nearly 2%. Skyworks stock, though, was up nearly 3%. The deal represents a 77.4% premium to PMC stock’s closing price Sept.