Apple’s price target was raised to $350 from $280 at Needham, which wrote that the iPhone maker had a number of tailwinds in 2020 that could help it extend last year’s strong rally.
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A number of 8K-resolution televisions and an Alexa-enabled shower head are among the first products to be announced at CES.
Apple CEO Tim Cook made $125-million in the company’s 2019 fiscal year, less than the year before due in part to a lower bonus.
Bill Gates, the world’s second richest person, has said he wants his fellow billionaires to pay much higher taxes. Gates, 64, has a net worth of $113.7-billion.
Advanced Micro Devices shares rallied on Thursday, with the stock hitting an intraday record – the chip maker’s first such milestone in nearly two decades.
Apple shares surpassed $300 for the first time amid predictions for a robust holiday quarter, demand for wearables such as AirPods and planned services including streaming TV.
The world’s biggest technology companies are heading to Las Vegas for the annual CES trade show next week, with even Apple making a rare official appearance. But don’t expect any breakthrough new hardware.
A consortium led by China’s Tencent has agreed to buy 10% of the world’s biggest music company, Universal Music Group, from Vivendi after months of talks.
Huawei Technologies will overhaul its management ranks after revenue growth slowed in the latter half of 2019, when US sanctions spooked customers and suppliers around the globe.
Over the past 10 years, Netflix Inc. has led a revolution in the way the world consumes entertainment, and in doing so, it ruled over Wall Street.