Tag Archives: aapl

Apple joining the Dow seen as warning sign by some

Apple (AAPL) stock rose Friday on news that the Cupertino, Calif.-based consumer electronics leader will join the Dow Jones Industrial Average later this month. Apple will replace telecom company AT&T (T) on the 119-year-old blue-chip stock index at the close of trading March 18. AT&T has been part of the Dow Jones Industrial Average since October 1916. The much-followed index has just 30 companies. Since the Dow is weighted by price rather than market cap, Apple’s 7-for-1 stock split in June 2014 made the change possible. Apple stock was up 1% in late-morning trading on the stock market today. Some, however, see Apple’s addition to the Dow a warning flag. The Dow selection committee has a history of adding companies that are past their prime. Intel (INTC) and Microsoft (MSFT), for example, joined the index in November 1999 and have been laggards since then….

Pandora Eyes On-Demand; Apple Ramps Music Service

Strategic moves outlined by Pandora (P) at its investor day are getting upbeat reviews by analysts amid a report that Apple will launch its music-streaming service based on Beats technology in June. Apple (AAPL) will debut the streaming music service at its World Wide Developer Conference in June, says a TechCrunch report. Pandora also faces stiff competition from Spotify, which has recently forged deals with car rental service Uber and Sony

Apple Watch: Hit, flop or meh?

D epending on which pundit you believe, Apple’s (AAPL) upcoming smartwatch will be a smash hit, an embarrassing flop or a just-OK product. To paraphrase an old expression, opinions are like a certain body part where the sun doesn’t shine: Everyone’s got one and everyone thinks theirs doesn’t stink. Bespoke Investment Group co-founder Paul Hickey told CNBC that he thinks the Apple Apple ‘s (AAPL)Watch will be a flop. His firm’s monthly consumer polls have shown “waning interest” in the Apple Watch over the last four months, Hickey said. That diminished interest since the Apple Watch was announced last September is consistent across income levels, age groups and gender. Interest in the Apple Watch among high-income consumers, a key market, has declined by half since November, he said.