Apple's share price has surged more than Microsoft's; Google's dominance of Amazon, the U.S. search advertising market, has been stronger; and SAP has teamed up with Microsoft Global TMT
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At the close of trading on Monday, Apple shares were up 1.73 per cent at $240.51, a record closing high, with an in-market high of $240.99 and a record share price, creating a market capitalisation of $1086.908 billion, more than $30 billion more than Microsoft's.Barclays said it was bullish on short-term demand for the iPhone 11 and raised Apple's target price to $224 from $207.Wedders bush also raised Apple's target price to $265 from $245, and believes the company has a chance to grow its video streaming service in the next 3-4 years.In addition, the iPhone 5G phone and the new iPhone SE, which will be released next year, are also seen as Apple's new growth opportunities.Later this month, Apple will report fourth-quarter results.
SAP and Microsoft are working on cloud migration products
Netflix will refinance $2 billion in premium unsecured bonds to cover additional content creation and other expenses. The company often borrows money to help increase the number of original TV shows and movies. Netflix's money-burning momentum is likely to continue with the launch of streaming platforms such as Apple TV Plus and Disney Disney Plus, as well as the launch of NBCUniversal's Peacock and Warner Media's HBO Max. Netflix said it plans to use the revenue to fund content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic deals.
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