Apple Stock News: IBM Favoring Macs Over PC

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.

Apple Stock News

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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