AAPL November 24

AAPL: 118.88

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AAPL November 18

AAPL: 117.29

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A Goldman Sachs investment note argues that Apple has huge potential for generating more recurring revenue, suggesting an opportunity to generate an additional $7.6B a month, reports Business Insider. The company points to the rumored Apple TV subscription service as one future source of monthly revenue.

In a recurring revenue framework, we have constructed an average revenue per user (ARPU) metric that captures the installment plan pricing of the iPhone ($32/month), assumed installment plans for the other hardware products, and services (e.g. Music at $10/mo, TV at $40/mo) … 

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Planning documents obtained by the Chicago Tribune reveal Apple’s spectacular plans for a new flagship store on the north bank of the Chicago River. Fittingly for the city which was home to Frank Lloyd Wright, the design echoes the Midwestern Prairie Style buildings created by the famous architect.

Apple confirmed the plans to the Tribune, which reports that they have already been granted approval, with a formal presentation set to ‘rubber-stamp’ the decision on Thursday …  expand full story


AAPL November 17

AAPL: 113.69

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AAPL November 16

AAPL: 114.18

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AAPL November 11

AAPL: 116.11

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Update: Apple has since stated that Cook intended to describe the Microsoft Surface Book as “diluted” rather than “deluded.”

The Irish government has announced that Apple will be employing an additional 1,000 staff in Ireland, the country where the company declares much of its revenue from sales throughout Europe, reports Reuters.

Ireland’s main foreign investment agency, the IDA, said Apple was to add 1,000 jobs to its office in Cork by mid-2017 from 5,000 at present. It said the company had also added 1,000 jobs in the past year.

There had been some concern about whether Apple would maintain a significant presence in the country if the European Commission investigation into Apple’s tax dealings in the country went against the company …  expand full story


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