Analysts say iOS ecosystem and tools need “some critical updates and enhancements” for Apple to truly impress investors. Specifically, they’re looking for streaming music and a payments service.
“I’m very proud that we’re out front, that we’re changing people’s lives, that we’re doing what’s right and just in moving the ball forward,” Cook said today. “I don’t mean to gush, but it’s how I feel.”
The Apple CEO has a lot to say to investors. His company’s stock has been ravaged by Wall Street in the past year, causing the company’s valuation to drop over $200 billion in the last half-year.
While the rumor mill is heating up again with news that streaming music service Spotify is raising another round of funding, we’re hearing new information about where the money is coming from.
The biggest opportunities for investors are in big data and efficiency.
That’s the line coming from Scott Stanford, the co-head Internet banker of Goldman Sachs.
Home security company Vivint sells to Blackstone for $2B
Editor's Pick There’s been a ton of coverage about the Facebook IPO disaster, but very little of it looks at the crucial point two weeks ago where things went terribly wrong. It’s becoming increasingly clear that Facebook itself made a strategic blunder at that juncture.
Troubled phone-maker Nokia is attempting to unload its luxury mobile-phone brand, Vertu, for a reported $265 million (€200 million), the Financial Times is reporting. Nokia is being advised by Goldman Sachs on the deal and is currently in talks to sell the brand to private equity group Permira.
Guest Post In the wake of Greg Smith’s now-legendary resignation in The New York Times, worldwide scrutiny has naturally focused on Goldman Sachs. How will his assault on the bank’s culture impact its clients and its leadership? Is his description of the firm fair? However, these are merely superficial questions. The true implications are far broader and affect the prospects for economic growth across America and the world.
Apple has the best kind of problem: A sizable $90 billion in cash burning a hole in its pocket.
Amazon stock stumbled today when a Goldman Sachs analyst estimated the company’s quarterly sales at $17.9 billion rather than the earlier estimate of $18.2 billion.
Online doctor appointment startup ZocDoc on Thursday announced that is has raised an additional $25 million in third-round funding from Wall Street titan Goldman Sachs.
InMobi, the four-year-old company that is second place globally in mobile advertising, has raised an astonishingly large $200 million round of funding from Softbank Corp.
Going through page after page of SEC filings is our idea of a fun time on a Saturday night. For the rest of you, there’s MarketBrief, which turns complicated SEC filings into short, simple news articles in about a second.
Facebook is planning to file an initial public offering as early as October or November, according to a CNBC report. A filing at that time would most likely lead to an IPO in the first quarter of 2012, with a potential $100 billion valuation.