Apple Stock News: Apple and Amazon Bury the Hatchet

Apple Stock News

For the latest Apple Stock News, AAPL closed at $156.10 on Wednesday, May 12th, 2017. It had a gain of 1.40% from its previous close of $153.95 per share.

 

Before Tim Cook became Chief Executive Officer at Apple, the company’s website offered 14 products. Fast forward seven years, the product offerings have blossomed to 27, available in over 200 different versions. Post Jobs’ era, this strategy has helped Apple maintain growth, despite stagnation in its most important market, smartphones.

In 2010, iPhone sales made up 39% of revenue with that figure growing to almost two-thirds of total revenue in 2017. Due to the nature of the industry, most consumers are already using smartphones. In order to counter this dilemma, Apple’s other products and services have had to pick up the slack. With the 10 year anniversary of the iPhone fast approaching, there’s much hype about the iPhone 8. With new technologies expected, such as an OLED screen and the removal of the home button, a hefty price tag is expected to land on the iPhone 8.

There’s good news for consumers, with Apple (AAPL) set to re-introduce Amazon Prime Video (AMZN) to Apple TV. Buzzfeed reports that the two tech-giants have settled their differences. In the near future, the Prime Video app will be available on Apple TV.

Furthermore, it is expected Amazon will again start to sell Apple TV devices. Amazon banned third-party sellers from selling Apple TVs and Google Chromecasts (GOOGL) through their platform. At the time, it was argued the devices inspired “customer confusion.”

 

Keep checking back for more news regarding AAPL. For Full AAPL forecasts and investment advice by our state of the art algorithm click here.

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