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.
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.
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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.