On Wednesday, Apple Inc. (AAPL) increased to $130.89, up +1.62 percent. Apple, according to the Nikkei, is set to shake up the global automotive industry with its Apple Car, a “high-tech focus.” Apple should take advantage of its production and manufacturing experience gained in the smartphone industry to design its vehicles and opt for a horizontal manufacturing division as opposed to a vertical model which, so far, has been stringent among conventional manufacturers. To concentrate on design, Apple can also outsource manufacturing.
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Any of the Wall Street material is taken by Apple, the world’s biggest market capitalization, benefiting from a Wedbush recommendation as well. The analyst is expecting record sales for the group’s iPhones this year.
Visa Inc. (V) raised +0.23% to $209.35. Due to the reluctance of the antitrust authorities, the U.S. credit card issuer declared its termination of the planned transaction with financial services company Plaid for $5.3 billion. U.S. Department of Justice found the agreement to be contradictory to the laws of competition.
The Walt Disney Company (DIS) remained stable at +0.07% to $176.12. The film company’s Disney+ subscription service is winning market share from giant Netflix, according to the LA Times. The newspaper cites data provided at the CES show by Nielsen. Disney accounted for 6 percent of consumer viewing time for December, while Netflix’s share decreased to 28 percent – down from 31 percent a year ago. In particular, the popularity of the Mandalorian and children’s content has helped Disney.
Ford Motor Company (F) remained unchanged at $9.78. A 6 percent increase in Chinese revenue for the year 2020 was announced by the Michigan-based automaker. This is the first year since 2017 of growth in China for Ford.
