Apple Is an Internet Company
- Beyond that, with its iOS App Store, licensing, AppleCare, Apple Music, and iCloud, Apple has more stable and diversified revenue streams than most other major internet platforms.
- The next act for Apple is to provide value to its user base via software and services via the iOS ecosystem, which in turn will drive “higher revenue per active Apple user”.
- Ideally Apple should report on the metrics of Annual App Store Revenue per Active User and Annual Payout per Active Developer to solidify the value of what it has built.
- Though the cross-platform app has ways to go (the frequency of updates is reportedly much slower than on iOS, for example), it shows that the addressable market for Apple’s subscription offerings can extend beyond iOS users.
Treasury's cheap wine hangover
- A shock profit downgrade for the 2020 financial year and disappointing earnings for the six months ended December 2019, are a blow to the legacy of outgoing chief executive Michael Clarke.
- He will need to fight hard to buttress the US business, find new way to run Treasury’s low-end wine business and review the operating model of the group.
- Treasury announced late on Tuesday that earnings growth on its favoured metric (earnings before interest and tax and adjustment for accounting standards related to agribusinesses, known as EBITS) came in at just 5.7 per cent on a reported currency basis for the six months ended December 31.
- Clarke says Treasury managers have got too used to hitting their numbers by growing sales of top-end wines and haven’t paid enough attention to selling the commercial brands.
Apple to start online sales in India in Q3 this year
- Apple’s much-awaited online store in India will be operational starting Q3 this year, a little longer than previously expected, a source familiar with the matter told TechCrunch.
- The company’s first official physical store in India, to be situated in Mumbai, will take an additional few months of time for setting up and might not be ready by this year, the source said.
- India, the world’s second largest smartphone market, eased sourcing norms for single-brand retailers last year, paving the way for companies like Apple to open online stores before they set up presence in the brick-and-mortar market.
- Apple executives have long expressed disappointment at Amazon India, Flipkart and Paytm Mall for offering heavy discounts on the iPhone and MacBook Air to boost their respective GMV metrics, people familiar with the matter have told TechCrunch.
THE US TELEHEALTH MARKET: The market, drivers, threats, and opportunities for incumbents and newcomers
- Telehealth — the use of mobile technology to deliver health-related services, such as remote doctor consultations and patient monitoring — is enabling healthcare providers and payers to address the US healthcare industry's growing list of problems.
- The proliferation and rapid advancement of mobile technology are spurring telehealth adoption, and many believe that 2018 could be the tipping point for the telehealth market.
- In The US Telehealth Market, Business Insider Intelligence defines the opaque US telehealth market, forecasts the market growth potential and value, outlines the key drivers behind usage and adoption, and evaluates the opportunity telehealth solutions will afford all stakeholders.
- We also identify key barriers to continued telehealth adoption, and discuss how providers, payers, and telehealth companies are working to overcome these hurdles.
- Get the latest General Electric stock price here.
- Get the latest Fitbit stock price here.
- Get the latest Google stock price here.
Netflix says Disney and Baby Yoda may have cut into the streaming service’s growth
- Today, now that the streaming wars have really started, it’s a different story: Netflix just posted meager numbers for its US subscriber growth — lower than the modest numbers Netflix had told Wall Street it expected to hit — and said that some of the miss might come from ...
- Those launches, Netflix says, may have cut into its growth: Netflix had told investors it expected to sign up 600,000 new subscribers in the last three months of 2019, but in reality it only landed 420,000.
- Still, it’s significant that Netflix not only acknowledged the elephants in the room — the big-budget marketing blitzes from two very big new competitors, and the competition they’re about to see as HBO Max and NBC’s Peacock launch later this spring — but that it also acknowledged that having elephants in the room might not be ideal.
Inside a sold $2.3 million once-tiny home in San Francisco built out of desperation after the 1906 earthquake for $50
- The 2,155-square-foot home at 31 Romain St. in San Francisco, California, is one of the city's remaining "earthquake shacks" built as temporary housing units after the 1906 earthquake and fires that left 250,000 residents homeless.
- And with housing sorely being needed in San Francisco, they've become real-estate gems in the market, usually selling in the $1 million range.
- In a hot real-estate market like San Francisco's, it's also not unusual for homebuyers to cough up the price for historically relevant (see: older) homes before shelling out potentially hundreds of thousands more for repairs and renovations.
- But this one had already undergone a complete renovation before being listed for sale in February 2019, rendering the original $2.5 million price tag more reasonable.
- The home's listing agent, Joanna Rose with Redfin, told Business Insider in early 2019 that when the previous owner first bought the home, it lived up to its "earthquake shack" name.
How to get into the drone business: ideas, plans, models and business opportunities in 2020
- From being considered as mere "toys of the hobbyists", "flying cameras of the rich," or the "clandestine military operative machines," drones have further penetrated vast areas of our economy and are starting to become a major part of our everyday lives.
- Before getting started with a drone-related business, it is fundamental to check local regulations on the commercial use of unmanned aerial vehicles (UAVs).
- With basic knowledge of operating video cameras and piloting drones, people can produce in-house documentaries, short films, video snippets and montages that would otherwise require helicopters to shoot.
- Repairing drones may not sound like the most revolutionary business opportunity in the field, but it could be a great way to undercut the market and grow quickly in this particular niche — using 3D printing to lower costs.
Coronavirus, repo market and the reserve rate: What to watch this week from the Fed
- Practically no one expects the central bank to move its benchmark borrowing rate until at least September.
- While the operation ostensibly was aimed at keeping overnight borrowing rates within their proscribed range, it also has coincided with a stock market rally that has almost perfectly matched the balance sheet increase.
- Instead, the committee might be tempted to increase the interest it pays on excess reserves that banks store at the Fed. The rate is currently set at 1.55%, but could be line for a nudge up to 1.6%.
- But since the repo operations began, the funds rate has slipped to the low end of its 1.5%-1.75% range — currently at 1.55%, same as the IOER.
- Futures traders are further indicating a 58% chance of a quarter-point decrease in the funds rate by September, rising to 73% by the end of the year.
Experts think the Wuhan coronavirus jumped from bats to snakes to people. Bats have been the source of at least 4 pandemics.
- The coronavirus spreading in China and the SARS outbreak of 2003 have two things in common: Both are from the coronavirus family and both were likely passed from animals to humans in a wet market.
- Because wet markets put people and live and dead animals — dogs, chickens, pigs, snakes, civets, and more — in close contact, it can be easy for a virus to make an interspecies jump.
- So the researchers think a population of bats could have infected snakes, which passed the virus to humans as they were being sold at the Huanan Wholesale Seafood Market in Wuhan.
- But according to Eric Toner, a senior scientist at Johns Hopkins University, more animal-to-human disease outbreaks are likely to arise, even without wet markets.
3M just got hit with a trifecta of negative news. Here's why the stock is diving today.
- The company's stock plummeted as the firm contends with a trifecta of negative events: A hit to revenue last quarter, a federal subpoena, and continued exposure to Boeing's 737 debacle as a parts-maker for the aerospace giant.
- To reduce expenses moving forward, 3M plans to cut its workforce by 1,500 jobs, which it says could save the company as much as $120 million.Revenue in 3M's aerospace unit, which makes parts for airplanes, fell by just over 8%.
- Boeing Co. has stopped production of its 737 Max, a demand-reducing move that has had ripple effects on its suppliers, The Wall Street Journal reported.
- Arconic, a Boeing supplier, also reported lower-than-expected earnings on Monday, and said it may cut jobs in the coming year in order to make up for the $400 million it will lose of Boeing demand.