During Thursday’s Mid-Morning trade, Shares of Apple Inc. (NASDAQ:AAPL), gain 0.47% to $116.16.
GoPro (GPRO) stock is surging by 9.05% to $18..43 in mid-morning trading on Thursday, after FBR & Co. said Apple (AAPL) should consider buying the company.
Based in San Mateo, CA, GoPro produces wearable cameras and provides editing software and mobile applications to its users. The company’s stock has fallen about 71% year-to-date.
As Apple’s growth reaches a critical point, the company should consider buying GoPro, Adobe Systems (ADBE) or Box (BOX), FBR said in a report on Thursday, Barrons reports.
“We believe an acquisition of GoPro would make sense for Apple; action cameras are uniquely positioned at the intersection of Apple’s smartphone, wearables, and multimedia offerings,” FBR said, according to Barrons. “Additionally, GoPro’s new product cycles could open the door to areas where Apple’s competitors are investing heavily (e.g., drones, VR), and Cupertino has been playing catch-up.”
On the other hand, Apple’s sales may suffer as consumers wait for the next generation of its products, which will comprise an iPhone 7 and a second version of its smartwatch. Current versions of the two items could be obsolete shortly after the holiday season, which makes them less attractive gifts, according to 247wallst
Apple’s holiday retail success may be second in importance to its sales in China. In its most recently stated quarter, iPhone sales were $32.2 billion of Apple’s total revenue of $51.5 billion. Growth of iPhone revenue was 36% from the same quarter of last year. Greater China growth was much faster, up 99% to $12.5 billion. Apple cannot do well this quarter without a similar growth rate there. Holiday sales in the United States are not the only figure investors need to watch.
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 Alphabet Inc (NASDAQ:GOOG), inclined 0.37% to $754.51, during its current trading session.
Baidu, China’s largest search engine, has joined the driverless car race, announcing on Thursday that its vehicle had accomplished a fully autonomous test on a route with mixed roads and different weather types, according to CNBC
Often referred to as the Google of China, Baidu said the self-driving car, which is a modified BMW 3 series, accomplished a 30-kilometer test drive route by “executing a comprehensive set of driving actions and accurately responding to the driving environment”.
The Chinese search giant has made a big push into in artificial intelligence (AI), mapping and cars in recent years. Last year Baidu hired Google’s former AI chief Andrew Ng to head its AI center in Silicon Valley.
Baidu AutoBrain is the software behind its driverless cars and comprises mapping, positioning, detection and decision making features.
The company did not give a timeline of when its autonomous cars would be on the road but said its approach is to start deploying this on set routes first before making it commercially available. CNBC Report
Alphabet Inc (GOOGL) is a collection of Companies. The Company’s collection comprise Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X.
Finally, Shares of Dow Chemical Co (NYSE:DOW), lost -2.49%, and is now trading at $55.57.
Shortly after Edward Breen stepped in to run DuPont Co. in October, Andrew Liveris, longtime head of Dow Chemical Co., called with a proposal, according to WSJ
Mr. Liveris saw an opportunity to strike the merger he had long wanted, marrying the two giants of American industry with a combined market capitalization of more than $130 billion, and he was eager to talk to the noted deal maker now leading his rival.
Mr. Breen asked for some time. He later joked with bankers that he hadn’t even had a chance to find the bathrooms at DuPont when Mr. Liveris came calling, according to people familiar with the matter.
Nine weeks later, Dow and DuPont are on the verge of consummating a deal. The two are in advanced talks on a merger that would reshape the chemical and agricultural industries by creating a new massive company, which would quickly be spun into three entities, The Wall Street Journal reported Tuesday. A deal could be announced as soon as this week.WSJ Report
The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified, manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals and Performance Plastics.