On Tuesday, Shares of Apple Inc. (NASDAQ:AAPL), lost -0.04% to $118.23.
Apple Inc has suspended plans to offer a live Internet-based television service and is instead focusing on being a platform for media companies to sell directly to customers through its App Store, Bloomberg stated on Tuesday, according to Reuters
Apple’s plan to sell a package of about 14 channels for $30 to $40 a month has run into resistance from media companies that want more money for their programming, Bloomberg stated, citing a person with knowledge of the matter.
Apple was in negotiations with broadcasters such as CBS Corp and Twenty-First Century Fox Inc to license programming. But a lack of content led Apple to scrap plans to declare the service at a Sept. 9 event, Bloomberg stated earlier. Reuters Report
The firm’s 50-day moving average is $117.68 and its 200 day moving average is $118.87.
The stock has a market capitalization of $659.17 billion and a price-to-earnings ratio of 12.82.
Apple Inc. has a 52-week low of $92.00 and a 52-week high of $134.54.
The iPhone maker stated $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.08.
The business earned $51.50 billion during the quarter, contrast to the consensus estimate of $51.02 billion.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services comprise iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
Shares of Southwest Airlines Co. (NYSE:LUV), declined -9.04% to $45.03, during its last trading session.
Southwest is selling more tickets but may be cutting prices to do so, leaving investors in the airline rattled, according to AP
The airline’s shares fell 9 percent.
Southwest Airlines Co., the nation’s fourth-biggest carrier, said Tuesday that revenue for every seat flown one mile will be flat to down 1 percent in the fourth quarter contrast with the same period last year. Just a month ago, the airline predicted a 1 percent improvement.
The airline said that traffic jumped 13.9 percent in November contrast with a year earlier, as passengers flew 9.7 billion miles. The average flight was 83.2 percent full, a record for November and an improvement from 80.1 percent in November 2014.
With Southwest filling more seats, the potential decline in revenue per seat appears due to lower average fares. Prices have been falling this year on some routes as airlines take advantage of cheap fuel to improvement passenger-carrying capacity with new flights and larger planes.
Southwest shares fell $4.46 to close at $45.04. They began the day up 17 percent this year, with about half the gain coming last week on falling oil prices. They closed up 6 percent for 2015. AP report
Southwest Airlines Co. operates Southwest Airlines (LUV). Southwest is a passenger airline that provides planned air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay, Nassau, Oranjestad, Cabo San Lucas/Los Cabos, Cancun, Mexico City and Punta Cana.
Finally, Shares of EMC Corporation (NYSE:EMC), ended its last trade with -0.54% loss, and closed at $26.00.
- EMC releases RackHD open source project available under Apache License, Version 2.0
- RackHD offers platform-agnostic technology to drive more effective automation of hardware administration and orchestration at hyper-scale
- CoprHD Community releases first update, CoprHD 2.4, adding new support for EMC Elastic Cloud Storage (ECS) and EMC XtremIO 4.0
- CoprHD Community launches two new projects with Intel and Oregon State University for adding third-party storage support and OpenStack integration
- EMC updates REX-Ray storage orchestration engine with support for EMC VMAX, EMC Isilon and Google Compute Engine (GCE)
EMC Corporation (EMC) is a service provider to information technology (IT) operations to an as a service model (ITaaS). It develops, delivers and supports the IT industry’s range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC manages the Company as part of a federation of businesses: EMC Information Infrastructure, VMware Virtual Infrastructure and Pivotal.