"Hey Siri" support and possibly wireless charging case alongside AirPower charging mat.
AirPods and AirPower: Everything We Know
RBC Raises Price Target on Apple Shortly After Dreaming About Benefits of a Merger With Disney
RBC Capital Markets raised its AAPL price target to $157 today, up from $155, as it believes iPhone sales were stable to modestly better than expected in Apple's second quarter, which ended on March 31.
The investment bank's lead Apple analyst Amit Daryanani said the company's iPhone mix continues to remain positive, with "more" Plus-sized models sold in the quarter than it previously forecasted. iPhone 7 Plus models carry a $120 premium over iPhone 7 models, contributing to a higher average selling price.
RBC now estimates Apple will report quarterly revenue of $53.5 billion, matching the high end of the company's guidance. Apple is scheduled to report its second quarter earnings results on May 2 at 1:30 p.m. Pacific Time. MacRumors.com will provide live coverage of Apple's conference call at 2:00 p.m. Pacific Time.
The bank said it remains positive about AAPL based on so-called "iPhone 8" refresh cycle tailwinds, benefits from a possible capital allocation increase, the acceleration of its growing Services category, and potential upside from U.S. Donald Trump's political agenda in relation to taxes and cash repatriation.
Apple's stock price has been rising steadily since November, as rumors suggest the company will launch its first iPhone with an OLED display and slim bezels, potentially mirroring the design of Samsung's new Galaxy S8. Many analysts have maintained a "buy" or equivalent rating on AAPL since March or earlier.
Last week, RBC Capital Markets generated headlines when it outlined the potential benefits of a completely speculative Disney acquisition.
In a lengthy research note, the bank said such a deal would create a "tech and media juggernaut like no other" and instantly expand Apple's services, content, and media portfolio. Assets such as ABC and ESPN, for example, could lay the foundation for Apple's long rumored but elusive streaming TV service.
An excerpt from Daryanani's research note obtained by MacRumors:
Jim Cramer, host of CNBC's "Mad Money" show, believes the Apple-Disney speculation was more about influencing the stock market than anything else.
Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
The investment bank's lead Apple analyst Amit Daryanani said the company's iPhone mix continues to remain positive, with "more" Plus-sized models sold in the quarter than it previously forecasted. iPhone 7 Plus models carry a $120 premium over iPhone 7 models, contributing to a higher average selling price.
RBC now estimates Apple will report quarterly revenue of $53.5 billion, matching the high end of the company's guidance. Apple is scheduled to report its second quarter earnings results on May 2 at 1:30 p.m. Pacific Time. MacRumors.com will provide live coverage of Apple's conference call at 2:00 p.m. Pacific Time.
The bank said it remains positive about AAPL based on so-called "iPhone 8" refresh cycle tailwinds, benefits from a possible capital allocation increase, the acceleration of its growing Services category, and potential upside from U.S. Donald Trump's political agenda in relation to taxes and cash repatriation.
Apple's stock price has been rising steadily since November, as rumors suggest the company will launch its first iPhone with an OLED display and slim bezels, potentially mirroring the design of Samsung's new Galaxy S8. Many analysts have maintained a "buy" or equivalent rating on AAPL since March or earlier.
Last week, RBC Capital Markets generated headlines when it outlined the potential benefits of a completely speculative Disney acquisition.
In a lengthy research note, the bank said such a deal would create a "tech and media juggernaut like no other" and instantly expand Apple's services, content, and media portfolio. Assets such as ABC and ESPN, for example, could lay the foundation for Apple's long rumored but elusive streaming TV service.
An excerpt from Daryanani's research note obtained by MacRumors:
Together, Apple and Disney would instantly have access to global distribution via Apple's installed base and the global iTunes store, and a massive library of content and studio capacity via Disney to make future movies and shows. A digital content service could be put together in relatively short order. Apple has the advantage of integrating its price to consumers with its hardware. For example, buy a new iPhone and receive a 12-month subscription to the streaming service for free.Daryanani said the so-called "mega deal" would diversify Apple away from hardware and help the iPhone maker fulfill its goal of doubling its Services category by 2020. He also thinks it would be an appropriate use of Apple's massive cash hoard, should the U.S. ever offer a cash repatriation holiday.
A prerequisite to Apple-Disney is a regulatory environment that would allow Apple to use its huge amount of cash assets for a domestic acquisition. If a cash repatriation tax holiday results in a 9% tax on offshore cash brought to the United States, we estimate that Apple would effectively have access to cash of $223 billion. After adjusting for operational requirements, Apple should have $200 billion cash available for discretionary uses.Daryanani said there is a "greater than 0%" chance that Apple acquires Disney, but he admitted that the odds are low at this point.
Jim Cramer, host of CNBC's "Mad Money" show, believes the Apple-Disney speculation was more about influencing the stock market than anything else.
"The only thing that's really accomplished by this kind of speculation? The short-sellers will be afraid to bet against Disney's stock because of newfound fears of a takeover lurking. It really does put a bid underneath, simply because it was just too juicy to ignore," Cramer concluded.AAPL closed at $141.83 on Monday. The Walt Disney Company closed at $113.78.
Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
[ 80 comments ]
Top Rated Comments
(View all)
24 months ago
When you "can't innovate anymore, my ass", you merge to keep the shareholders happy.
24 months ago
Could you imagine how derailed Apple would become if they merged with Disney?
24 months ago
Could you imagine how derailed Apple would become if they merged with Disney?
Could you imagine how much more derailed Apple would become if they merged with Disney?
24 months ago
Hmmmm, not sure how I feel about this idea. I'm a HUGE Disney parks fan (I frequent many Disneyland forums much like Macrumors but for Disney parks news/rumors) and could see some benifit from some more cash flow to the parks division. DL desperately needs a 3rd gate and WDW needs a complete overhaul of Epcot which could be cool with Jony Ives visions. Still don't know what to think overall though.
This is what the Disney parks fans think of the idea.
https://discuss.micechat.com/forum/disney-theme-park-news-and-discussion/disneyland-resort/8504206-apple-disney
This is what the Disney parks fans think of the idea.
https://discuss.micechat.com/forum/disney-theme-park-news-and-discussion/disneyland-resort/8504206-apple-disney
24 months ago
That would be disastrous for both companies...
I think quite the opposite.
Content is one thing Apple still lacks. The more I think about the acquisition, the more it makes sense to me.
Not sure, if it's ever gonna happen, but I hope so. An acquition would have enormous potential for both sides.
24 months ago
Apple is too rich for its own good. The executives are too busy partying and hooking up with girls/guys to innovate.
24 months ago
The current market cap of DIS is $180B and companies are rarely acquired without a significant premium paid over current market value, so what is being talked about here would soak up virtually every dollar Apple has salted away both in the U.S. and abroad. For some reason this wasn't seen to be important enough to mention, but it is the single most important consideration. Even if some theory can be spun to support the idea that Apple would get something out of a merger, the second important question is why Disney would be interested in one.
24 months ago
Walt Apple World
Walt Jobs World. Instead of tickets to Disney being $200 it'll be $400.
[ Read All Comments ]
For this week's giveaway, we've teamed up with Astropad to offer MacRumors readers a chance to win a Luna Display adapter. The Luna Display is a handy little dongle that's designed to...
In late November, Apple launched a limited time promotion that offers up to $100 in additional credit when trading in an iPhone 6 through iPhone 8 towards the purchase of a new iPhone XS or...
Apple today filed its 2018 Conflict Minerals Report with the SEC as part of its commitment to supplier responsibility.
Apple said it remains "deeply committed" to upholding human...
Apple's Beats by Dre brand today unveiled a new NBA collection, with Beats Studio 3 Wireless Headphones available in six colorways representing the Golden State Warriors, Los Angeles Lakers,...
Twitter CEO Jack Dorsey today commented on the possibility of an edit button for tweets, suggesting Twitter is considering a feature that might let people go back and add clarifications or...
In the wake of Apple's decision to end its AirPort line of routers, many users continue to hunt for the best possible Wi-Fi networking solution. Ubiquiti Networks' AmpliFi routers have been...
Today is Valentine's Day, and as it happens on holidays, many online retailers are using the event to share Valentine-themed discounts and offers to their customers. In this post we've...
First released in 2016, Apple's AirPods are widely considered to be one of the company's best products in recent years, with AirPods offering great battery life, portability, simple charging,...
