Apple Stock News
For the latest Apple Stock News, AAPL closed at $116.60 on Friday, October 21st, with a 0.39% loss, or $0.46 from its previous close of $117.06 per share.
Apple stock’s decreased after news of an iPhone 7 caught on fire late last week. Hoping not to repeat Samsung’s dilemma of recalling 1.9 million Note 7, Apple is launching an investigation.
Multinational technology company, IBM is undergoing a cost savings plan. IBM will transition its work force to use more Mac computers than PCs. IBM vice-president, Fletcher Previn, reveals Apple products cost less to support compared to PCs. In a span of 4 years, a PC could cost IBM up to $535 per device compared to $270 for a Mac. Among IBM’s 90,000 out of 604,000 laptops are Macs. IBM found only 5% of Apple users contacting its support team, compared to 40% of PC users. This means Apple appears to be more user friendly and IBM is forced employ a larger support team for PC users. If IBM transitions its workforce to use more user friendly Apple products, it would reduce cost. As a result, IBM is currently adding 1,300 Macs per week to undergo the transition. Apple is also growing in popularity among IBM employees in mobile devices. A majority of IBM’s mobile devices are run by iOS. The employees preference and cost benefit for IBM using Apple products will benefit Apple’s position in increasing market share.
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