President Obama on Friday called on businesses to share information about cyberthreats with each other and the federal government, during a cybersecurity summit at Stanford University, even as many tech companies remained critical of government data-collection practices. Before CEOs such as Apple (AAPL), Intel (INTC), American Express (AXP) and many other companies, government leaders, law enforcement, educators and students,
After notching all-time highs on three straight days, Apple (AAPL) stock took a break on Friday. Apple shares were down fraction in afternoon trading in the stock market today, near 126. On Thursday, Apple hit a record high of 127.48. UBS analyst Steven Milunovich on Friday raised his 12-month price target on Apple stock to 150 from 130 and reiterated his buy rating. In a bullish report, he said Apple is moving from a device company to a platform company. “Although Apple the device company took the market cap to $700 billion, Apple the platform company may take it to $1 trillion,” Milunovich said. Apple is building a mega-ecosystem around hardware, software and services for consumers to manage their devices, information and lives, he said. Apple CEO Tim Cook outlined this strategy in a speaking engagement Tuesday at the Goldman Sachs Technology & Internet Conference in San Francisco. “None of…
Apple (AAPL) stock climbed to its third all-time high in as many days Thursday, soaring on bullish comments from activist investor Carl Icahn and optimism about sales of current and upcoming products. One fresh rumor has Apple developing a car. Apple CEO Tim Cook on Tuesday drummed up interest in the company’s Apple Watch, due for release in April, while speaking at a Goldman Sachs conference in San Francisco. He also said sales of iPhone 6 handsets and Mac computers remain strong, while iPad sales could get a boost later this year from Apple’s enterprise partnership with IBM (IBM). Apple shares peaked at 127.48 on Thursday, but ended the day up 1.2% to 126.43. On Wednesday, Icahn posted a public letter online repeating his plea for Apple to be more aggressive with its stock buyback plan. He also raised his price target for Apple stock to 216 from 203. Piper…