Don’t hold your breath waiting for Apple or Amazon to buy Tesla, Morgan Stanley analyst warns in private investor call

“Tesla is not really seen as a growth story,” Jonas said on the call, which CNBC heard in a recording. Jonas spent some time on the call responding to the hope that a big tech company like Apple or Amazon might buy Tesla. But Jonas poured cold water on the notion of a big tech acquisition today. Jonas acknowledged that Apple has interest in transportation (as do Amazon and other big tech firms). He added, “Perhaps those big tech firms don’t want to expose themselves to that up front.


“Tesla is not really seen as a growth story,” Jonas said on the call, which CNBC heard in a recording. Jonas spent some time on the call responding to the hope that a big tech company like Apple or Amazon might buy Tesla. But Jonas poured cold water on the notion of a big tech acquisition today. Jonas acknowledged that Apple has interest in transportation (as do Amazon and other big tech firms). He added, “Perhaps those big tech firms don’t want to expose themselves to that up front.
Don’t hold your breath waiting for Apple or Amazon to buy Tesla, Morgan Stanley analyst warns in private investor call Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: lora kolodny
Keywords: news, cnbc, companies, tesla, vehicle, private, hold, apple, tech, jonas, dont, buy, waiting, transportation, warns, big, company, owning, investor, stanley, morgan


Don't hold your breath waiting for Apple or Amazon to buy Tesla, Morgan Stanley analyst warns in private investor call

In an invitation-only call with institutional clients of Morgan Stanley on Wednesday, research analyst Adam Jonas — a long-time Tesla bull — expressed skepticism about the electric vehicle maker and said not to count on a buyer like Apple to bail the company out.

“Tesla is not really seen as a growth story,” Jonas said on the call, which CNBC heard in a recording. Today, “It seems like a distressed credit and restructuring story.”

Some details of the call were previously reported by Business Insider.

Jonas spent some time on the call responding to the hope that a big tech company like Apple or Amazon might buy Tesla. in a CNBC interview on Tuesday, analyst Craig Irwin of Roth Capital Partners rekindled the rumor that Apple once made a bid for Tesla.

But Jonas poured cold water on the notion of a big tech acquisition today.

He explained, “For risk mitigation and liability containment, they may not want to expose themselves to the unlimited liability of being involved in owning a business where occasionally a car catches on fire, takes down a building, or accidentally kills a pedestrian or passenger, things that happen. The auto industry has an ugly side to it. The roads are very dangerous. There’s a lot of stored energy in a vehicle. And the regulatory environment [around autonomous cars] has not had time to cure yet.”

Jonas acknowledged that Apple has interest in transportation (as do Amazon and other big tech firms). But Morgan Stanley’s tech researchers, he said, don’t expect Apple to have a service or related hardware devoted entirely to transportation until the 2030s.

He added, “Perhaps those big tech firms don’t want to expose themselves to that up front. And moreover they realize the autonomous race is more of a marathon where over a 10- or 20-year period you collect real world miles. There may be other ways to do that besides owning a full-stack, awesome, great auto company.”


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: lora kolodny
Keywords: news, cnbc, companies, tesla, vehicle, private, hold, apple, tech, jonas, dont, buy, waiting, transportation, warns, big, company, owning, investor, stanley, morgan


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5G is at the center of America’s beef with Huawei — here’s why it’s such a big deal

5G is also a big topic for Verizon, Sprint, T-Mobile and AT&T. Put simply, 5G is a next-generation wireless network that will give you much faster internet connections. The greater bandwidth of 5G means that more devices can use the network at the same time. Those cables also need to connect to a modem and/or router to provide wireless internet to your house. This is how devices like the Apple TV 4K, your smartphone, computer and other internet gadgets will connect to Verizon’s 5G wireless netwo


5G is also a big topic for Verizon, Sprint, T-Mobile and AT&T. Put simply, 5G is a next-generation wireless network that will give you much faster internet connections. The greater bandwidth of 5G means that more devices can use the network at the same time. Those cables also need to connect to a modem and/or router to provide wireless internet to your house. This is how devices like the Apple TV 4K, your smartphone, computer and other internet gadgets will connect to Verizon’s 5G wireless netwo
5G is at the center of America’s beef with Huawei — here’s why it’s such a big deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: todd haselton
Keywords: news, cnbc, companies, center, deal, beef, tmobile, tv, means, huawei, americas, sprint, network, verizon, internet, heres, big, 5g, cable, wireless


5G is at the center of America's beef with Huawei -- here's why it's such a big deal

5G logo is seen on an android mobile phone with Huawei logo on the background. Omar Marques | LightRocket | Getty Images

You’ve probably heard “5G” a lot recently. It’s been in a lot of stories. It’s at the center of America’s fight with China’s Huawei, which provides cellular equipment for wireless carriers around the globe. 5G is also a big topic for Verizon, Sprint, T-Mobile and AT&T. Those carriers are working to build out the faster networks now, and Sprint and T-Mobile have even used 5G to discuss the competitive landscape in an effort to get merger approval from the Justice Department.

Apple recently ended a bitter, yearslong legal battle with Qualcomm mainly because the chipmaker manufactures some core 5G technology that Apple needs to make future iPhones competitive. But what the heck is 5G? Put simply, 5G is a next-generation wireless network that will give you much faster internet connections. But, because of the way it works, it’s about to change the way lots of other things connect to the internet, too, like cars and TVs, and even things like connected lights on city streets. Here’s what you need to know:

Faster connections, and more of them

Busakorn Pongparnit | Moment | Getty Images

5G promises much faster network speeds, which means heavy-duty content like video should travel much more quickly to connected devices. Verizon’s 5G network, which is live in Minneapolis and Chicago, is already providing speeds in excess of 1Gbps, or about 10 times the speeds you might get on a good day with 4G LTE, the current standard offered by wireless carriers in most places. That means you should be able to download an hourlong high-definition video in seconds instead of minutes. The lower latency of 5G also means that it takes less time for one gadget to talk to another. This is important in places like smart cities that are connecting to smart cars, since information needs to be delivered instantly. One day, 5G might be able to tell your car that someone is about to run a red light and that your car needs to slam on the brakes. In that sort of situation, you can’t have much delay in the network. The greater bandwidth of 5G means that more devices can use the network at the same time. This means it should alleviate problems at places like sports stadiums or concerts where thousands of people may be trying to place a phone call or upload a picture at the same time. In these instances, a network can get jammed up and stops working for everyone. 5G should prevent that from happening.

5G will change the way you get TV and internet at home

Verizon Communications Inc. 5G wireless signage is displayed at the company’s booth during the Mobile World Congress Americas in Los Angeles, California, U.S., on Wednesday, Sept. 12, 2018. Patrick T. Fallon | Bloomberg | Getty Images

Right now, you probably have a cable wire running from the telephone poles on your street to your house. It might come in the attic and then, thanks to some drilling done by the cable guy, snakes its way from room to room connecting to cable boxes. Those cables also need to connect to a modem and/or router to provide wireless internet to your house. That means even if you “cut the cord” and ditch cable, you still need the same coaxial cable line for internet at home. 4G LTE is fast but not quite fast enough for an entire house of people to play games and stream 4K movies at the same time. It makes a poor replacement for wired broadband. According to proponents, 5G will be fast enough for that, and you can forget the cords. It’s supposed to be just as reliable as the wired broadband internet you’re used to, and it could save you a lot of headaches. Verizon has already talked a bit about how this will work. Instead of giving you a bunch of cable boxes and other gadgets, it’s going to simply give you an Apple TV 4K and a wireless modem. Since Verizon isn’t going to run a standard cable line to your house, it’s also going to include a subscription to YouTube TV, YouTube’s streaming service that will provide access to TV channels. YouTube TV normally costs $40 per month, but Verizon’s deal is likely only a limited-time offer. You’ll still have a modem at home, but it’ll connect to Verizon’s wireless 5G signal and then serve as a home Wi-Fi router, complete with standard Ethernet ports. This is how devices like the Apple TV 4K, your smartphone, computer and other internet gadgets will connect to Verizon’s 5G wireless network.

What phones support it?

Samsung Galaxy S10 5G Benjamin Hall | CNBC

It’s still super early in 5G days for phones, but things are about to take off quickly. Verizon and AT&T already have some 5G markets active, and Sprint and T-Mobile will begin rolling them out this year. Verizon is now selling the first 5G phone in the U.S. — the Samsung Galaxy S10 5G — in just two markets. Meanwhile, Sprint’s LG V50 ThinQ 5G launches on May 31 for its first markets. AT&T isn’t selling a true 5G phone just yet, but it’s signed up to sell the Samsung Galaxy S10 5G later this year, as are T-Mobile and Sprint. These are all Android phones, but Apple is expected to have its first 5G iPhone ready in 2020.

How does 5G impact Sprint and T-Mobile’s merger?

John Legere, chief executive officer and president of T-Mobile US Inc., left, gives two thumbs-up as Marcelo Claure, chief executive officer of Sprint Corp., listens during an interview on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, April 30, 2018. Michael Nagle | Bloomberg | Getty Images

5G also plays a role in the proposed merger of T-Mobile and Sprint. Earlier this week, FCC Chairman Ajit Pai recommended that the FCC approve the $26.5 billion merger because he argues that it’ll speed up how quickly the two carriers are able to activate 5G in the U.S. “Two of the FCC’s top priorities are closing the digital divide in rural America and advancing United States leadership in 5G, the next generation of wireless connectivity. The commitments made today by T-Mobile and Sprint would substantially advance each of these critical objectives,” Pai said. But the decision is up to the DOJ, which has antitrust concerns if the two companies join.

Trump says 5G is a race America must win

U.S. President Donald Trump speaks next to Federal Communications Commission (FCC) Commissioner Ajit Pai during an event on United States 5G deployment in the Roosevelt Room of the White House in Washington, U.S., April 12, 2019. Carlos Barria | Reuters

Even President Donald Trump is all in on 5G. In April, Trump said that 5G is a race that America “will win.” He said 92 5G markets will be up and running by the end of the year, which will be ahead of South Korea, which is said to have 48 live at the same time. “According to some estimates, the wireless industry plans to invest $275 billion in 5G networks, creating 3 million American jobs quickly, and adding $500 billion to our economy,” Trump said in April. At the same time, the FCC announced new rules that will make it easier to deploy next-generation networks, including hub and relay antennas, to spur the advancement of 5G. The FCC also announced a $20.4 billion Rural Digital Opportunity Fund to bring faster 5G networks to rural areas, and a new spectrum auction that opens up 3,400 MHz of wireless spectrum for carriers to bid on. The spectrum can be thought of as a highway: the more lanes you have, the more customers you can support and the faster you can go.

5G, Huawei and the U.S. trade war

Richard Yu, CEO of Huawei’s consumer business, speaks as he presents the P30 series smartphone during a launch event in Paris. Marlene Awaad | Bloomberg | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: todd haselton
Keywords: news, cnbc, companies, center, deal, beef, tmobile, tv, means, huawei, americas, sprint, network, verizon, internet, heres, big, 5g, cable, wireless


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Oprah to the Class of 2019: Don’t wait for your ‘big break’

When Winfrey spoke to the Colorado College Class of 2019 on Sunday, she again gave practical advice. Yes, you need to look people in the eye when you speak to them. Winfrey also gave the students a sober reminder that their dreams won’t come true overnight. “I’m here to tell you that your life isn’t some big break, like everybody tells you that is,” she told the crowd. Winfrey stressed to the students that success, and service, takes time.


When Winfrey spoke to the Colorado College Class of 2019 on Sunday, she again gave practical advice. Yes, you need to look people in the eye when you speak to them. Winfrey also gave the students a sober reminder that their dreams won’t come true overnight. “I’m here to tell you that your life isn’t some big break, like everybody tells you that is,” she told the crowd. Winfrey stressed to the students that success, and service, takes time.
Oprah to the Class of 2019: Don’t wait for your ‘big break’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: abigail hess
Keywords: news, cnbc, companies, dont, decision, 2019, break, successful, students, class, oprah, wait, big, success, life, truth, look, gave, winfrey, need


Oprah to the Class of 2019: Don't wait for your 'big break'

Oprah Winfrey has given a lot of graduation speeches.

In 2018, the media mogul emphasized to the University of Southern California, Annenberg School for Communication and Journalism Class of 2018 the importance of working hard in their first jobs. When Winfrey spoke to the Colorado College Class of 2019 on Sunday, she again gave practical advice.

“Yes, it does pay to floss. Yes, you need to look people in the eye when you speak to them. You need to keep your commitments, you need to make your bed every day because when you do, it makes your whole house look better. And you need to leave your cell phone away at the dinner table,” she said.

Winfrey also gave the students a sober reminder that their dreams won’t come true overnight. “I’m here to tell you that your life isn’t some big break, like everybody tells you that is,” she told the crowd.

“It’s about taking one big life transforming step at a time,” said Winfrey. “But the truth is you cannot fix everything. What you can do here and now is make a decision — because life is about decisions — and the decision that you can make is to use your life in service.”

Winfrey stressed to the students that success, and service, takes time.

“The truth is, success is a process — you can ask anybody who’s been successful,” she said, pointing to successful restaurateur Danny Meyer, whose son was among the graduates.


Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: abigail hess
Keywords: news, cnbc, companies, dont, decision, 2019, break, successful, students, class, oprah, wait, big, success, life, truth, look, gave, winfrey, need


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That $367 million Mega Millions jackpot comes with big tax bite

Eyeballing that Mega Millions jackpot? After more than two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $367 million for Tuesday night’s drawing. The last jackpot won was on March 12, for $50 million. However, the top marginal tax rate of 37% means owing a lot more to the IRS at tax time. State taxes typically are due, as well.


Eyeballing that Mega Millions jackpot? After more than two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $367 million for Tuesday night’s drawing. The last jackpot won was on March 12, for $50 million. However, the top marginal tax rate of 37% means owing a lot more to the IRS at tax time. State taxes typically are due, as well.
That $367 million Mega Millions jackpot comes with big tax bite Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-20  Authors: sarah obrien
Keywords: news, cnbc, companies, million, typically, comes, tax, millions, 367, prize, withwhether, withheld, winners, bite, big, won, jackpot, uncle, mega, taxes


That $367 million Mega Millions jackpot comes with big tax bite

Eyeballing that Mega Millions jackpot? Good ol’ Uncle Sam is, too.

After more than two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $367 million for Tuesday night’s drawing. The last jackpot won was on March 12, for $50 million.

Of course, the advertised amount isn’t what winners end up with.

Whether they take the prize as an annuity spread out over three decades or as an immediate, reduced lump sum, 24% is withheld for federal taxes. However, the top marginal tax rate of 37% means owing a lot more to the IRS at tax time. State taxes typically are due, as well.


Company: cnbc, Activity: cnbc, Date: 2019-05-20  Authors: sarah obrien
Keywords: news, cnbc, companies, million, typically, comes, tax, millions, 367, prize, withwhether, withheld, winners, bite, big, won, jackpot, uncle, mega, taxes


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Facebook COO Sheryl Sandberg on breaking up big tech companies

Facebook COO Sheryl Sandberg on breaking up big tech companies8 Hours AgoSheryl Sandberg, Facebook’s COO, sits down with CNBC’s Julia Boorstin to discuss privacy concerns with the company, breaking up big tech firms and more.


Facebook COO Sheryl Sandberg on breaking up big tech companies8 Hours AgoSheryl Sandberg, Facebook’s COO, sits down with CNBC’s Julia Boorstin to discuss privacy concerns with the company, breaking up big tech firms and more.
Facebook COO Sheryl Sandberg on breaking up big tech companies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17
Keywords: news, cnbc, companies, breaking, tech, big, sits, hours, sheryl, coo, julia, sandberg, facebook, companies, privacy


Facebook COO Sheryl Sandberg on breaking up big tech companies

Facebook COO Sheryl Sandberg on breaking up big tech companies

8 Hours Ago

Sheryl Sandberg, Facebook’s COO, sits down with CNBC’s Julia Boorstin to discuss privacy concerns with the company, breaking up big tech firms and more.


Company: cnbc, Activity: cnbc, Date: 2019-05-17
Keywords: news, cnbc, companies, breaking, tech, big, sits, hours, sheryl, coo, julia, sandberg, facebook, companies, privacy


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Three states, including two big ones for the 2020 election, just set new lows for unemployment

A job recruiter wears a shirt showing all of the Wal-Mart Stores Inc. brands during a career fair at the Sheraton Hotel in Philadelphia, Pennsylvania. At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records. Vermont’s lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.


A job recruiter wears a shirt showing all of the Wal-Mart Stores Inc. brands during a career fair at the Sheraton Hotel in Philadelphia, Pennsylvania. At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records. Vermont’s lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.
Three states, including two big ones for the 2020 election, just set new lows for unemployment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff cox
Keywords: news, cnbc, companies, big, statistics, ones, including, showing, set, states, lows, unemployment, election, walmart, wears, shirt, state, stores, 2020, rate


Three states, including two big ones for the 2020 election, just set new lows for unemployment

A job recruiter wears a shirt showing all of the Wal-Mart Stores Inc. brands during a career fair at the Sheraton Hotel in Philadelphia, Pennsylvania.

At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records.

Vermont’s lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff cox
Keywords: news, cnbc, companies, big, statistics, ones, including, showing, set, states, lows, unemployment, election, walmart, wears, shirt, state, stores, 2020, rate


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Sheryl Sandberg says breaking up Facebook doesn’t address big underlying issues

Sheryl Sandberg says breaking up Facebook doesn’t address big underlying issues6 Hours AgoSheryl Sandberg, Facebook’s chief operating officer, spoke with CNBC in an exclusive interview. “You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about. People are concerned about election security, content, privacy and data portability,” Sandberg said.


Sheryl Sandberg says breaking up Facebook doesn’t address big underlying issues6 Hours AgoSheryl Sandberg, Facebook’s chief operating officer, spoke with CNBC in an exclusive interview. “You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about. People are concerned about election security, content, privacy and data portability,” Sandberg said.
Sheryl Sandberg says breaking up Facebook doesn’t address big underlying issues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: stephen desaulniers
Keywords: news, cnbc, companies, breaking, tech, big, underlying, sheryl, doesnt, break, security, sandberg, address, facebook, spoke, issues, privacy, concerned


Sheryl Sandberg says breaking up Facebook doesn't address big underlying issues

Sheryl Sandberg says breaking up Facebook doesn’t address big underlying issues

6 Hours Ago

Sheryl Sandberg, Facebook’s chief operating officer, spoke with CNBC in an exclusive interview. “You could break us up, you could break other tech companies up, but you actually don’t address the underlying issues people are concerned about. People are concerned about election security, content, privacy and data portability,” Sandberg said.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: stephen desaulniers
Keywords: news, cnbc, companies, breaking, tech, big, underlying, sheryl, doesnt, break, security, sandberg, address, facebook, spoke, issues, privacy, concerned


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Two major Apple suppliers take big hits as iPhone sales stumble

Foxconn and Japan Display reported disappointing financial results this week as the effects of slowing iPhone sales ripple through Apple’s supply chain. Japan Display said Wednesday that mobile display sales, which make up 73.3% of its total sales, were down 17.2% year over year. Japan Display blamed its sales decline on customers moving to OLED screens in flagship phones, instead of using traditional LCD screens. Japan Display is asking for 1,000 employees to retire early by the end of the seco


Foxconn and Japan Display reported disappointing financial results this week as the effects of slowing iPhone sales ripple through Apple’s supply chain. Japan Display said Wednesday that mobile display sales, which make up 73.3% of its total sales, were down 17.2% year over year. Japan Display blamed its sales decline on customers moving to OLED screens in flagship phones, instead of using traditional LCD screens. Japan Display is asking for 1,000 employees to retire early by the end of the seco
Two major Apple suppliers take big hits as iPhone sales stumble Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: todd haselton
Keywords: news, cnbc, companies, stumble, suppliers, display, phones, tv, smartphone, iphone, big, major, japan, sales, week, subscription, hits, apple, slowing


Two major Apple suppliers take big hits as iPhone sales stumble

Billionaire Terry Gou, chairman of Foxconn Technology Group, right, listens as Scott Walker, governor of Wisconsin, speaks during an event in the East Room of the White House in Washington, D.C., U.S., on Wednesday, July 26, 2017.

Foxconn and Japan Display reported disappointing financial results this week as the effects of slowing iPhone sales ripple through Apple’s supply chain.

Foxconn sales dipped 17.7% in the first quarter of 2019 to $637.26 million.

Japan Display said Wednesday that mobile display sales, which make up 73.3% of its total sales, were down 17.2% year over year. Japan Display blamed its sales decline on customers moving to OLED screens in flagship phones, instead of using traditional LCD screens. It also pointed to “the slowdown of China’s and the global smartphone market” and the “prolonged life cycle of smartphones.” Japan Display is asking for 1,000 employees to retire early by the end of the second quarter.

The global slowdown in phone sales has been attributed to rising costs in phone prices. With premium phones now costing more than $1,000, customers are holding on to devices longer. Bernstein’s Toni Sacconaghi said in February that iPhone owners are now hanging on to phones for three or four years. Research firm IDC said in February that 2018 was the “worst year ever” for smartphone sales, with shipments falling 4.1%.

Apple iPhones probably won’t be much cheaper in the future, either. Earlier this week, J.P. Morgan said Apple would need to increase the cost of iPhones by 14 percent to offset the next round of tariffs, unless it absorbs the costs itself.

In an effort to offset the slowing sales, Apple has put a bigger focus on its services business with a new premium Apple News+ subscription offering, a new Apple TV Channels platform that rolled out this week that will provide it a larger cut of subscription revenues from services like HBO and Showtime, and an Apple TV+ library of original content that will roll out this fall.


Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: todd haselton
Keywords: news, cnbc, companies, stumble, suppliers, display, phones, tv, smartphone, iphone, big, major, japan, sales, week, subscription, hits, apple, slowing


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Cisco is the big tech stock to buy for low China trade risk, Bank of America says

Bank of America highlighted Cisco Systems on Tuesday, pointing to the company as having lower risk compared to other tech stocks from the escalating U.S. trade war with China. The average revenue from China among FAANG companies is 7.5% – although that is heavily influenced by Apple and Netflix. Cisco shares have fallen 4% in the past week, at the low end of the range compared to FAANG stocks. Bank of America believes Cisco will bounce back from its recent drop, saying the stock has “room for up


Bank of America highlighted Cisco Systems on Tuesday, pointing to the company as having lower risk compared to other tech stocks from the escalating U.S. trade war with China. The average revenue from China among FAANG companies is 7.5% – although that is heavily influenced by Apple and Netflix. Cisco shares have fallen 4% in the past week, at the low end of the range compared to FAANG stocks. Bank of America believes Cisco will bounce back from its recent drop, saying the stock has “room for up
Cisco is the big tech stock to buy for low China trade risk, Bank of America says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael sheetz
Keywords: news, cnbc, companies, tech, stock, buy, trade, china, big, llanl, faang, risk, america, ciscos, bank, cisco, low, stocks


Cisco is the big tech stock to buy for low China trade risk, Bank of America says

Bank of America highlighted Cisco Systems on Tuesday, pointing to the company as having lower risk compared to other tech stocks from the escalating U.S. trade war with China.

“We flag Cisco’s relatively low exposure to China, which is particularly attractive in the current market environment,” Bank of America’s Tal Llanl said in a note to investors.

The biggest tech stocks, known as FAANG – Facebook, Apple, Amazon, Netflix and Google-parent Alphabet – have been among the hardest hit by trade risk, falling anywhere between 4% to 8% each over the past week.

Only 3.3% of Cisco’s revenue comes from China, according to FactSet. The average revenue from China among FAANG companies is 7.5% – although that is heavily influenced by Apple and Netflix. The two tech giants respectively bring in 18.3% and 10.3% of total revenues from China.

Cisco shares have fallen 4% in the past week, at the low end of the range compared to FAANG stocks. Bank of America believes Cisco will bounce back from its recent drop, saying the stock has “room for upside.”

“Cisco has been actively shifting contract manufacturing and pricing to offset the previous 10% tariffs on Chinese-produced goods, and we expect such workarounds to also help soften the recent tariff increase to 25%,” Llanl said.

“Separately, we note that backlash versus Huawei’s products in certain regions may help Cisco indirectly,” Llanl added.

Cisco shares rose 1.9% on Tuesday to $52.26.

Bank of America expects Cisco’s strong earnings performance in its first two quarters “to continue,” with the company set to report third quarter earnings on Wednesday. The firm has a $56 a share price target on Cisco.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael sheetz
Keywords: news, cnbc, companies, tech, stock, buy, trade, china, big, llanl, faang, risk, america, ciscos, bank, cisco, low, stocks


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Apple just launched its first big push into subscription TV

Apple TV Channels AppleApple on Monday released an update to iPhones, iPads and Apple TV that includes its brand new TV app with Apple Channels. It’s Apple’s first big push into making money off TV content outside of sales through the iTunes store. The new Apple TV ChannelsApple TV Channels AppleChannels is not Apple TV+, the service that will include original programming from Apple and will launch later this fall. Changes to the TV appApple TV Channels AppleA new “What to Watch” screen inside t


Apple TV Channels AppleApple on Monday released an update to iPhones, iPads and Apple TV that includes its brand new TV app with Apple Channels. It’s Apple’s first big push into making money off TV content outside of sales through the iTunes store. The new Apple TV ChannelsApple TV Channels AppleChannels is not Apple TV+, the service that will include original programming from Apple and will launch later this fall. Changes to the TV appApple TV Channels AppleA new “What to Watch” screen inside t
Apple just launched its first big push into subscription TV Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: todd haselton
Keywords: news, cnbc, companies, services, tv, channels, push, subscription, disney, service, launched, big, hbo, apple, watch, app, content


Apple just launched its first big push into subscription TV

Apple TV Channels Apple

Apple on Monday released an update to iPhones, iPads and Apple TV that includes its brand new TV app with Apple Channels. Apple Channels is the company’s new service that offers customers in more than 100 countries subscription access to premium networks such as HBO, Showtime, Epix, Smithsonian Channel, Starz and Tastemade. Other channels, such as CBS All-Access and MTV Hits, are coming later this year. Right now, if you signed up for every channel package available, however, you’d pay $97 a month. It’s Apple’s first big push into making money off TV content outside of sales through the iTunes store. Apple hasn’t said what its cut of revenue from subscribers who sign up to services through Apple Channels will be, but CNBC reported in February that the company was pushing for 30%. Some reports suggest Apple gets 15% of revenues from subscribers who sign up for services such as HBO Now, Netflix and other streaming apps through the App Store. Apple reported revenue for its services segment of $11.45 billion in its second-quarter earnings report on April 30, beating analyst estimates. Channels gives Apple a way to continue to focus on its services business as sales of hardware, including iPhones, plateau. In other words, this gives Apple new ways to make money from customers who already own its products.

The new Apple TV Channels

Apple TV Channels Apple

Channels is not Apple TV+, the service that will include original programming from Apple and will launch later this fall. But Channels does launch with a brand new TV app that Apple says will show people compelling content they’ll want to watch. It will highlight some of the hit shows from the networks that customers can subscribe to, such as HBO’s “Game of Thrones.” More than 100,000 movies and TV shows are also available to rent or purchase in the app, which means customers don’t need to open the iTunes store and leave the app to buy more things to watch. And instead of pushing viewers out of the Apple TV app and into another app, like HBO, Starz or Showtime, Apple TV Channels immediately begins streaming the show, which helps keep people inside Apple’s ecosystem. There’s a trade-off for this, however. Anyone who subscribes to the channels can only watch them within the TV app. The subscription won’t work on other platforms such as Sony’s PlayStation or a Roku box. Conversely, if you pay for HBO through your cable provider already, or directly from HBO, it’ll work in Apple TV. But some features won’t work, like offline downloads. And it feels less seamless since Apple TV will push you out into that separate app instead of playing the content right away.

Changes to the TV app

Apple TV Channels Apple

A new “What to Watch” screen inside the Apple TV app provides curated content from Apple editors that’s based on what’s popular around the world. Apple said it’s using human editors combined with its algorithms to make recommendations so users don’t sit and endlessly scroll trying to find something good to watch. It’s a problem most of us have experienced with the influx of streaming content now available. When you select a show, Apple provides data on who stars in it and a summary of the episode or movie and will begin automatically playing the trailer at the top of the screen. It looks really clean and provides most of what a person browsing for a new TV show or movie might want.

Apple TV Channels Apple

There’s also a new kids section with content curated for a younger audience. This includes lots of animated movies and TV shows that users can either stream, download or buy, depending on whether it’s included with one of the subscriptions in Apple TV Channels.

Offline viewing

Apple TV App Source: Apple

There’s also an option to download content and save it for offline viewing on an iPhone or iPad when you don’t have an internet connection. This will help Apple TV Channels stand out against standalone apps from HBO, Showtime and others that require an internet connection for viewing. This, above all else, might make it one of the most compelling reasons to sign up for a service through Apple TV Channels instead of elsewhere.

Beyond the Apple TV

iTunes running on a Samsung TV Samsung

Apple Channels won’t be limited to just Apple products. The company announced a partnership with Samsung in January in which select Samsung Smart TVs will have access to the new Apple TV app. It won’t offer the full experience of an Apple TV, which also supports apps and games, but it will provide the same experience for watching TV shows and movies. The Samsung app will also launch Monday on all 2019 smart TV models and some 2018 models. Apple TV will launch on Amazon’s Fire TV, Sony TVs, LG TVs and Roku devices later this year.

No bundles

Apple TV coming to Smart TVs. Source: Apple

Unlike Apple News+, the company’s $9.99 per month subscription news service that allows you to download more than 300 magazines and read articles from The Wall Street Journal and the Los Angeles Times, Apple Channels does not have a bundle option. That means you need to subscribe to each individual video service separately, instead of buying an all-you-can-eat plan that includes everything. And, after a one-week free trial of the premium services, users will pay the standard price they would pay anywhere else. Showtime costs $10.99 per month, for example. However, families up to 6 people can share a single subscription.

Disney+

President of Walt Disney Distribution Franchise Management, Business & Audience Insights, Cathleen Taff, speaks in front of the studios part of Walt Disney Studio on screen during the CinemaCon Walt Disney Studios Motion Pictures special presentation at the Colosseum Caesars Palace on April 3, 2019, in Las Vegas, Nevada. Valerie Macon | AFP | Getty Images

Disney’s upcoming streaming service Disney+ seems like a perfect fit for Apple TV Channels. It launches on Nov. 12, will cost $6.99 per month and will include a huge library of Disney content. Apple had no comment on whether Disney+ will eventually launch in Channels, or if talks are underway, but said it is well aware that it’s going to be a popular service.

How to get Apple TV Channels

Peter Stern, vice president of services at Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019. The company is unveiling streaming video and news subscriptions, key parts of Apple’s push to transform itself into a leading digital services provider. Photographer: David Paul Morris/Bloomberg via Getty Images David Paul Morris | Bloomberg | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: todd haselton
Keywords: news, cnbc, companies, services, tv, channels, push, subscription, disney, service, launched, big, hbo, apple, watch, app, content


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