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☆ Souring on Apple? Mystery bank stock? Buffett followers seek clarity on portfolio at annual meeting
▼ + stars: | 2024-05-02 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

Trimming Apple One surprising move from the conglomerate was selling about 10 million Apple shares (just 1% of its massive stake) in the fourth quarter. Second, it could have been Buffett's investment deputies Todd Combs and Ted Weschler who trimmed the Apple stake in order to fund other purchases. There's a chance that Buffett might reveal at the annual meeting the mystery bank stock that Berkshire has been buying for two quarters straight . Berkshire now owns more than 70 million of the tracking stock. "You need higher prices, or it doesn't work," Buffett said at Berkshire's 2023 annual meeting.

Persons: Warren Buffett's, Buffett, Todd Combs, Ted Weschler, Debbie Bosanek, Warren, Berkshire Hathaway, SIRI, Bob Bakish, Berkshire's, You've Organizations: Berkshire Hathaway, CNBC, Apple, Oracle, Securities and Exchange Commission, Verizon, Berkshire, Liberty, Liberty Media Corp, Liberty Media, Liberty Media Sirius, Paramount, Paramount Global, Skydance Locations: Berkshire, Woodstock, Omaha , Nebraska, Omaha, Chevron, New York, The Omaha

☆ Wall Street analysts touted 5 portfolio stocks this week. Here’s our call on each name
▼ + stars: | 2024-01-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

In turn, Wall Street analysts made a slew of bullish calls on five of our portfolio names — all of which report earnings next week SBUX YTD mountain Starbucks (SBUX) year-to-date performance Wall Street's call: Wells Fargo forecasted an improved backdrop for Starbucks. Although the stock's been a portfolio laggard, we're bullish on management's plans to progressively expand margins in the years to come. MSFT YTD mountain Microsoft (MSFT) performance year-to-date Wall Street's call: Morgan Stanley boosted Microsoft's price target to $450 per share from $415, citing the company's strength from generative artificial intelligence efforts. Analysts issued a slew of downbeat calls at the start of 2024, causing the stock to sell off. AMZN YTD mountain Amazon (AMZN) year-to-date performance Wall Street call: Jefferies said Amazon stock has even more room to run after a great 2023.

Persons: Wells Fargo, we're, Morgan Stanley, Goldman Sachs, refreshes, Jefferies, AMZN, Twitch, they're, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones, Wall Street, Club, Microsoft, Big Tech, Bank of America's, Apple, Analysts, MGM Studios, Management, Bank of America, CNBC, Traders, New York Stock Exchange Locations: Fargo, China, Tuesday's, Copilot, F1Q24E, Thursday's, New York City, U.S

☆ It's not just you. It seems like practically every streaming service got more expensive in the last year.
▼ + stars: | 2023-10-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple is raising the price of a subscription to its streaming platform Apple TV+. Apple is raising the price of a monthly subscription to its streaming platform Apple TV+, the home of "Ted Lasso" and "The Morning Show. It's not the only streaming platform that's upping its subscription price. Hulu's ad-free tier went from $14.99 per month to $17.99, and a monthly subscription to Disney+'s ad-free tier increased from $10.99 to $13.99. Before HBO Max and Discovery+ merged to become Max in May, HBO Max raised its ad-free subscription price one dollar to $15.99.

Persons: —, Ted Lasso, Apple, Mac, It's, Bob Iger, Iger, Matt Turner, Gunnar Wiedenfels, Max, HBO Max Organizations: Apple, Netflix, Service, Disney, Hulu, Street Journal, Warner Bros, Discovery, HBO Max, HBO

Apple on Wednesday raised the prices for a number of its flagship services offerings, including Apple TV+, Arcade and its bundled offering, Apple One. Apple TV+ will now cost $9.99 a month, up from $6.99. The price increase comes after Apple upped the price in 2022 from $4.99. Apple One, the bundle package used by many families to access Apple's services at a lower price will also increase, with the top-end Premier package now costing $37.95 a month. "The subscription prices for Apple TV+, Apple Arcade, Apple News+, and Apple One will increase in the US and select international markets beginning today," an Apple spokesperson told CNBC.

Persons: Apple, Kif Leswing Organizations: Apple, CNBC, Disney, Netflix, Apple Arcade

☆ Apple subscriptions just got more expensive. Here's how to save money
▼ + stars: | 2023-10-25 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Apple raised the price of Apple TV+, Apple One and a number of its other subscription services Wednesday. The monthly price for Apple TV+ jumped from $6.99 to $9.99, and Apple One Premier, the top version of the company's bundle package, increased from $32.95 to $37.95. Here's how to cancel or downgrade your Apple subscriptions if you don't want to pay the price hike:Go to your Settings. Press "Subscriptions." For Apple TV+, press the bar with its name and then click "Cancel Subscription."

Persons: Apple, Kif Leswing Organizations: Apple, Apple TV, Apple One, Services, . Press

☆ Apple enforces new check on apps in China as Beijing tightens oversight
▼ + stars: | 2023-10-03 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

People line up while waiting at an Apple Store as Apple's new iPhone 15 officially goes on sale across China, in Shanghai, China September 22, 2023. Apple began last Friday requiring app developers to submit the "internet content provider (ICP) filing" when they publish new apps on its App Store, it said on its website for developers. Chinese regulators last week released names of the first batch of mobile app stores that have completed app filings, but Apple's App Store was not among those on the list. In a post on X, Jinyu Meng, an independent developer, said, "If my apps can't be launched in China without app filing, I will take down my apps [there]." Under the new rule, apps without proper filings will be punished after the grace period that will end in March next year, while newly developed apps need to comply with the rule from September.

Persons: Aly, Apple, Rich Bishop, AppInChina, Jinyu Meng, Josh Ye, Miyoung Kim, Jamie Freed Organizations: Apple, REUTERS, Tencent, HK, Huawei, Twitter, COVID, Reuters, Thomson Locations: China, Shanghai, HONG KONG, U.S, Americas, Europe, Beijing

☆ All the hidden Netflix, Prime, Apple and Spotify benefits you didn't know you get as a subscriber
▼ + stars: | 2023-07-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Netflix, Apple, and more have perks that appeal to gamers, and those wanting to save money. There's no need to own a Kindle device as there's an app available to mobile devices and computers. There's also free music on offer with Prime – 100 million songs in fact – as well as podcasts, all ad-free, but yes, there is a catch of sorts. Spotify offers 300,000 audiobook titles InsiderApple One bundleIf you're paying $10.99 a month for Apple Music, you might want to consider upgrading to the Apple One bundle for about $6 more. Doing so will give you AppleTV+, the Arcade gaming service, Apple News+, Apple Fitness+ and 50 gigabytes of iCloud storage, as well as your tunes.

Persons: You'll, There's, Gucci, Riley's, it's Organizations: Netflix, Apple, Service, Amazon, Sonic, Wired, Twitch, Rush Shipping, Spotify, Apple Music, Arcade Locations: Wall, Silicon

☆ How a 39-year-old engineer spends her $169,000 paycheck: Xbox, therapy, coffee, and skincare
▼ + stars: | 2023-06-06 | by ( Vartika Puranik | ) www.businessinsider.com time to read: +7 min

She said her video game subscription is one thing she'd never cut back on — even during a recession. My career kicked off 17 years ago at a Los Angeles startup and I've been working as an engineer ever since. Since recessions are uncontrollable, I tend not to stress about the possibility of one, but there are things I'll always spend money on no matter what. Coffee subscriptionI have a coffee subscription to pump me up in the morning. So I pay $50 a month for my coffee subscription.

Persons: Elissa Voris, Voris, —, Dolby, I'm, it's, I'd, Logan Organizations: Dolby, Service, Costco, Apple, CPA Locations: —, Enumclaw , Washington, Los Angeles, mlogan

☆ I make $169,000 a year and these are the 7 things I'll keep splurging on even during an economic slump
▼ + stars: | 2023-06-06 | by ( Vartika Puranik | ) www.businessinsider.com time to read: +7 min

Voris earns enough income to pay her bills and have extra money for things she enjoys. She said her video game subscription is one thing she'd never cut back on — even during a recession. Since recessions are uncontrollable, I tend not to stress about the possibility of one, but there are things I'll always spend money on no matter what. Coffee subscriptionI have a coffee subscription to pump me up in the morning. If a recession ever hits and forces me to alter my spending, I'd cut back on things based on its aftermath.

Persons: Elissa Voris, Voris, —, Dolby, it's, I'd, Logan Organizations: Dolby, Service, Costco, Apple, CPA Locations: —, Enumclaw , Washington, Los Angeles, mlogan

☆ These 7 Club holdings are using pricing power to boost profits this earnings season
▼ + stars: | 2023-04-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Pricing power is what's allowing many companies — including seven of our Club holdings — to support revenue growth and enhance, or at the very least protect, profitability during an earnings season marked by a still-elevated inflationary environment. When we're talking about "pricing power," it's the ability of companies with strong brands to raise prices without seeing too much impact on demand. Here's a list of Club holdings with pricing power, starting with a closer look at P & G. PG YTD mountain Procter & Gamble's stock performance year to date. LIN YTD mountain Linde's stock performance year to date. Halliburton has exhibited strong pricing power due to massive demand from global end markets, benefitting from years of under-investment in drilling.

☆ How the market’s biggest companies manage their cash and investments
▼ + stars: | 2023-04-05 | by ( Tim Mullaney | ) www.cnbc.com time to read: +3 min

The cash balances of big companies will, though, be in focus again as another earnings season begins. U.S. companies are sitting on at least $2 trillion of cash, with a quarter of it concentrated in a few top technology companies, according to Moody's Investor Service. Other big holders of cash are carmakers like Ford and Tesla , and health-care companies like Pfizer . Taking the bank example, depositors may run if they think an institution is in trouble, as we just saw. Look for the line on the income statement that discloses "other income," usually between operating profit or loss and disclosure of the company's tax bill.

Club holdings Apple (AAPL) Ford Motor (F) and Estee Lauder (EL) were in the news Thursday. Apple has primarily released its content directly on Apple TV+, with some projects getting limited runs in a handful of cinemas. The Club's take: We welcome Apple making smart, strategic investments that make Apple TV+ a more valuable streaming service to potential subscribers. Estee Lauder EL YTD mountain Estee Lauder stock performance year-to-date. The news: Citi outlined its bull and bear cases for Club holding Estee Lauder in a research note Thursday.

☆ Apple stock has 5 under-the-radar drivers that could catapult it to a near-$4 trillion valuation, Morgan Stanley says
▼ + stars: | 2023-03-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Apple stock still has a lot of upside that some investors may be underestimating, according to Morgan Stanley. Morgan Stanley said five under-the-radar catalysts could send Apple stock to its bull-case scenario of $230. The bullish target represents 53% upside and would catapult Apple to a near-$4 trillion valuation. But Morgan Stanley believes not only will Apple reclaim its $3 trillion valuation milestone, but that it could surge as much as 53% from current levels to a near-$4 trillion level. He is so confident that Morgan Stanley named Apple its top stock pick of 2023.

☆ Morgan Stanley sees Apple rallying more than 20%, says investors should look past near-term headwinds
▼ + stars: | 2023-03-03 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Investors should look beyond Apple 's near-term challenges to see strong catalysts on the horizon, according to Morgan Stanley. Near-term challenges include weakening consumer electronics spending trends, a challenging economic backdrop, headwinds from foreign currencies, iPhone production shortages and remaining Covid restrictions, Woodring said. But Woodring said investors should look past what could be a tough short-term, instead focusing on incoming tailwinds. New iPhones should be down 9% in fiscal 2023 — the biggest year-over-year drop since 2019 — due to supply shortages and sliding demand. He said those price increases could be seen in products such as Apple Music, Apple TV+, Apple One and international apps.

☆ A top Apple subscriptions executive, VP Services Peter Stern, is leaving the company
▼ + stars: | 2023-01-09 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +2 min

Peter Stern, one of Apple's top subscriptions executives, is exiting the company. In six years at Apple, Stern helped build Apple TV+'s business operations and the company's sports portfolio. Apple is reorganizing its Services unit and Stern's responsibilities will be split into three separate divisions, according to two people familiar with internal conversations at Apple. During his six-year tenure at Apple, Stern helped build subscription products such as Arcade, Books, and Apple One, News+, Fitness+, iCloud+. Apple's Services unit revenue continues to grow, as do its total subscriptions.

☆ Big Tech's had a devastating year. Here's why we're holding on
▼ + stars: | 2022-12-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Amazon Amazon has been battling with rightsizing its business due to the pull-forward demand it experienced during the COVID-19 pandemic. We'd also like to see how the company is addressing slower growth at its cloud business, Amazon Web Services (AWS). Microsoft Microsoft has been pressured by weakening demand for personal computers, the strong U.S. dollar and tightening enterprise budgets for the cloud. "I think the company could have a decent quarter and it hasn't had to issue a warning about what is now the declining dollar," Jim said. The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone and a laptop screen.

☆ Meet the 'stone-cold-brilliant' Apple exec heading up Apple TV+, Sports, gaming and more, who insiders think could succeed Eddy Cue
▼ + stars: | 2022-10-26 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +10 min

The former Time Warner Cable exec is driving Apple's subscription businesses including TV+, Sports, and Apple One. But inside and outside the tech giant, people are eyeing one cable TV alum who is being positioned for bigger things under Eddy Cue, the company's longtime Services SVP. As VP, Services, Stern is responsible for running strategy and operations for multiple growth businesses inside Apple. Here's how Stern ascended from cable TV to the top of the tech giant, and what his moves mean for the future of Apple Services. He appeared on stage in 2019 as the frontman for the Apple TV app, in a pair of dark-wash jeans and an untucked gray button-down.

☆ Apple raises prices on its TV and Music streaming services
▼ + stars: | 2022-10-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple on Monday increased monthly and annual subscription prices in the U.S. for its streaming services Apple TV+ and Apple Music. Apple TV+ has been competitively priced against other streaming services, some of which have also raised prices in recent months. Apple Music and Apple TV+ are a small part of Apple's services business, which also includes search licensing fees, hardware warranties, App Store sales, and other businesses. "The change to Apple Music is due to an increase in licensing costs, and in turn, artists and songwriters will earn more for the streaming of their music," said Apple in a statement. "We also continue to add innovative features that make Apple Music the world's best listening experience.

☆ Meet the under-the-radar Apple executive who heads Apple TV+, gaming, and sports, and drives more than 860 million paid subscriptions
▼ + stars: | 2022-10-21 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +10 min

The former Time Warner Cable exec is driving Apple's subscription businesses including TV+, Sports, and Apple One. As VP, Services, Stern is responsible for running strategy and operations for multiple growth businesses inside Apple. Here's how Stern ascended from cable TV to the top of the tech giant, and what his moves mean for the future of Apple Services. A third former high-placed Time Warner Cable alum also recalled this exchange. He appeared on stage in 2019 as the frontman for the Apple TV app, in a pair of dark-wash jeans and an untucked gray button-down.

☆ Buffett bought more Apple last quarter and says he would have added more if the stock didn't rebound
▼ + stars: | 2022-05-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Berkshire Hathaway 's chairman and CEO told CNBC's Becky Quick that he scooped up $600 million worth of Apple shares following a three-day decline in the stock last quarter. 1 stock Apple during the tech giant's sell-off in the first quarter. There have been plenty of buying opportunities for Buffett this year as Apple shares came under pressure amid fears of rising interest rates and supply chain constraints. Berkshire began buying Apple stock in 2016 under the influence of Buffett's investing deputies, Todd Combs and Ted Weschler. Cook was in attendance at Berkshire's annual meeting over the weekend.

☆ 'The Morning Show,' starring Jennifer Aniston and Reese Witherspoon, is back for a third season — here's how to watch on Apple TV Plus
▼ + stars: | 2021-09-17 | by ( Reece Rogers | Steven Cohen | Streaming Fellow | ) www.businessinsider.com time to read: +4 min

AdvertisementAdvertisementHow to watch 'The Morning Show'The third season of "The Morning Show" premiered exclusively on Apple TV Plus on September 13 with two episodes. You can watch Apple TV Plus in a web browser or on Apple devices such as the iPhone, iPad, and Apple TV. Roku players, Fire TV, PlayStation consoles, Xbox consoles, and most smart TVs also work with Apple TV Plus. If you're considering subscribing to multiple services from Apple, the Apple One bundle has Apple Music, Apple Arcade, 50GB of iCloud, and Apple TV Plus for only $15 a month. Other popular shows on Apple TV Plus include "Severance," "For All Man Kind," "Shrinking," and M. Night Shymalan's "Servant."

Persons: Jennifer Aniston, Reese Witherspoon, Jon Hamm, Nicole Beharie, Hamm, Charlotte Stoudt, Kerry Ehrin, Aniston, Steve Carell, Cory Ellison, Billy Crudup, Ted Lasso, Jason Sudeikis, Severance Organizations: Apple TV, Service, News Division, Apple, Fire TV, PlayStation, Rotten Locations: Wall, Silicon, Kansas, British

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