Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Apple’

America v China: The battle for digital supremacy

Posted by hkarner - 16. März 2018

Date: 15-03-2018
Source: The Economist

America’s technological hegemony is under threat from China

“DESIGNED by Apple in California. Assembled in China”. For the past decade the words embossed on the back of iPhones have served as shorthand for the technological bargain between the world’s two biggest economies: America supplies the brains and China the brawn.

Not any more. China’s world-class tech giants, Alibaba and Tencent, have market values of around $500bn, rivalling Facebook’s. China has the largest online-payments market. Its equipment is being exported across the world. It has the fastest supercomputer. It is building the world’s most lavish quantum-computing research centre. Its forthcoming satellite-navigation system will compete with America’s GPS by 2020.

America is rattled. An investigation is under way that is expected to conclude that China’s theft of intellectual property has cost American companies around $1trn; stinging tariffs may follow. Earlier this year Congress introduced a bill to stop the government doing business with two Chinese telecoms firms, Huawei and ZTE. Eric Schmidt, the former chairman of Alphabet, Google’s parent, has warned that China will overtake America in artificial intelligence (AI) by 2025. Den Rest des Beitrags lesen »


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The Race Is on for the First $1 Trillion U.S. Company

Posted by hkarner - 27. Januar 2018

Date: 26-01-2018
Source: The Wall Street Journal

Some Wall Street analysts are betting it won’t be too much longer before there’s a trillion dollar company in the U.S. stock market.

The S&P 500 technology sector is up 39% over the last 12 months, including a benchmark-beating 7.6% rise to start 2018. Some of the technology-focused titans, which are among the biggest companies in the S&P 500 by market cap, are up even more, spurred by expectations of growing market share and profits. Amazon.com has risen 17%, Alphabet is up 12%, and Microsoft has climbed 8.4%.

If the stock market keeps rising at its current pace, it won’t take long for Apple, Alphabet, or Microsoft to obtain a trillion market value, something that’s never before happened in the U.S. Depending on how you calculate it, it could also be the world’s first public trillion-dollar firm.

Conversely, after the sharp gains in tech stocks, some investors are calling for a pullback or sharp decline, which could put up a roadblock to the trillion-dollar valuation. Den Rest des Beitrags lesen »

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Nasdaq Crests 7000 as Tech Giants Roar Into 2018

Posted by hkarner - 4. Januar 2018

Date: 03-01-2018
Source: The Wall Street Journal

Tech-focused index jumped 28% in 2017, beating the Dow Jones Industrial Average’s 25% gain and S&P 500’s 19% rise

Companies in the Nasdaq are trading at the highest multiples of their last 12months of earnings since 2004.

The Nasdaq Composite closed above 7000 for the first time Tuesday after racing to a fresh 1,000-point milestone in just over eight months—a pace not seen since the heights of the technology boom.

Many global stock indexes have hit records or multiyear highs in recent months, lifted by signs of a pickup in economic expansion around the world.

The Nasdaq has risen faster than other major U.S. indexes over the past year as investors, frustrated with low interest rates and tepid global growth, bet on the prospects of large technology companies such as Apple Inc., Google parent Alphabet Inc. and Microsoft Corp., all of which are heavily weighted in the index.

Those three companies, along with fellow heavyweights Amazon.com Inc. and Facebook Inc., collectively contributed more than two-thirds of the points that carried the Nasdaq from one 1000-point milestone to another, according to stock-market research firm Birinyi Associates.

Such bets helped the Nasdaq jump 28% in 2017, beating the Dow Jones Industrial Average’s 25% gain and S&P 500’s 19% rise. The only two times the Nasdaq has passed 1,000-point milestones faster were the 38 trading sessions the index took to advance to 4000 in 1999 and the 49 sessions it needed to top 5000 in 2000—shortly before the dot-com bust. Den Rest des Beitrags lesen »


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„Noch nie war ein Unternehmen so dominant wie Amazon“

Posted by hkarner - 26. November 2017

InterviewAndrás Szigetvari, 25. November 2017, 08:00 derstandard.at

Für die Gesellschaft sei Innovation wichtiger als alles andere, sagt Autor Scott Galloway. Darum konnten die US-Technologiefirmen so viel Einfluss erlangen

Seitdem Scott Galloways Buch* über Amazon, Apple, Facebook und Google erschienen ist, avancierte er zum Medienstar. Galloway, Professor für Marketing in New York und selbst Gründer mehrerer Unternehmen, argumentiert, dass die vier dominanten US-Technologiekonzerne zu viel politische und wirtschaftliche Macht besitzen. Durch die Ermittlungen in den USA wegen russischer Manipulationen im Präsidentschaftswahlkampf via Facebook, Twitter und Google, ist das öffentliche Interesse für das Thema in Übersee immens gestiegen.

STANDARD: Herr Galloway, was bereitet Ihnen an Amazon, Facebook, Apple und Google Unbehagen?

Galloway: Es ist schwer zu argumentieren, dass die Vier nicht tolle Dinge leisten: Wir alle lieben per Mausklick auf Amazon einzukaufen und jederzeit mit unseren Freunden über Facebook plaudern zu können. Aber zugleich haben diese Unternehmen eine Reihe von Eigenschaften, die uns allen Sorgen bereiten sollten. Zunächst einmal vermeiden sie es sehr effektiv, Steuern zu zahlen. Sie brauchen auch deutlich weniger Arbeitnehmer als ihre Mitbewerber. Das ist an sich nichts Neues. Es gab in der Wirtschaftsgeschichte immer wieder Konzerne, die durch den Einsatz neuer Technologien Arbeitsplätze vernichtet haben. Dabei war aber noch nie jemand so effizient wie Amazon, Google, Facebook und Apple. Regierungen haben nun zudem die Möglichkeit diese Plattformen zu Waffen zu machen. Es steht fest, dass der russische Geheimdienst Facebook und Google benutzt hat, um die US-Demokratie während der Präsidentschaftswahlen zu unterwandern. Den Rest des Beitrags lesen »


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Apple should shrink its finance arm before it goes bananas

Posted by hkarner - 30. Oktober 2017

Date: 26-10-2017
Source: The Economist: Schumpeter

The world’s biggest firm has a financial arm half the size of Goldman Sachs

IT IS fashionable to say that tech firms will conquer the financial services industry. Yet in the case of Apple, it seems that the opposite is happening and finance is taking over tech by stealth. Since the death of Steve Jobs, its co-founder, in 2011, the world’s biggest firm by market value has sold hundreds of millions of phones with bionic chips and know-it-all digital assistants. But it has also grown a financial operation that is already, on some measures, roughly half the size of Goldman Sachs.

Apple does not organise its financial activities into one subsidiary, but Schumpeter has lumped them together. The result—call it “Apple Capital”—has $262bn of assets, $108bn of debt, and has traded $1.6trn of securities since 2011. It appears to be run fairly cautiously and is part of a thriving firm, but it still deserves scrutiny. Companies have a history of being hurt by their financial arms; think General Electric (GE) or General Motors (GM). Den Rest des Beitrags lesen »


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Amazon Takes Over the World

Posted by hkarner - 24. September 2017

Date: 23-09-2017
Source: The Wall Street Journal

Forget about the other tech giants: Amazon is poised to beat them all. What are the consequences for the rest of us?

Four tech giants—Amazon, Apple, Facebook and Google—have added $2 trillion to their combined market capitalization since the 2007-09 recession, a sum that approaches the GDP of India. The concentrated wealth and power of these companies has alarmed many observers, who see their growth as a threat not just to consumers and other businesses but to American society itself.

After spending most of the past decade researching these companies, I’ve come to the conclusion that our fears are misplaced in focusing on what I call the Four. We should instead be worrying about the One: one firm that will come to dominate search, hardware and cloud computing, that will control a vast network of far-flung businesses, that can ravage entire sectors of the economy simply by announcing its interest in them.

That firm is Amazon. Jeff Bezos has been disciplined and single-minded in his vision of investing in the most enduring consumer wants—price, convenience and selection. Coupled with deft execution, it has made Amazon the most impressive and feared firm in business. Den Rest des Beitrags lesen »


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Can the Tech Giants Be Stopped?

Posted by hkarner - 17. Juli 2017

Date: 15-07-2017
Source: The Wall Street Journal

Google, Facebook, Amazon and other tech behemoths are transforming the U.S. economy and labor market, with scant public debate or scrutiny. Changing course won’t be easy.

Sometimes it is hard to grasp how quickly the giant tech companies have come to dominate the world economy. Ten years ago, only one of them, Microsoft , was among the biggest companies in the world as measured by market capitalization. These days, the top five usually consists of Apple , Alphabet (the parent company of Google), Amazon , Microsoft and Facebook .

It has been an astonishingly rapid rise for the tech giants, and it’s far from over. The big question for the future is: How will their ever-expanding control affect other businesses and the labor market? Den Rest des Beitrags lesen »


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In 10 Years, Your iPhone Won’t Be a Phone Anymore

Posted by hkarner - 27. Juni 2017

Date: 26-06-2017
Source: The Wall Street Journal

Siri will be the conductor of a suite of devices, all tracking your interactions and anticipating your next moves

It’s 2027, and you’re walking down the street, confident you’ll arrive at your destination even though you don’t know where it is. You may not even remember why your device is telling you to go there.

There’s a voice in your ear giving you turn-by-turn directions and, in between, prepping you for this meeting. Oh, right, you’re supposed to be interviewing a dog whisperer for your pet-psychiatry business. You arrive at the coffee shop, look around quizzically, and a woman you don’t recognize approaches. A display only you can see highlights her face and prints her name next to it in crisp block lettering, Terminator-style. Afterward, you’ll get an automatically generated transcript of everything the two of you said. Den Rest des Beitrags lesen »


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Disturbing New Facts About American Capitalism

Posted by hkarner - 5. März 2017

Date: 04-03-2017
Source: The Wall Street Journal By JASON ZWEIG

When winners are taking all, it’s often time to buy the winners

“Let your winners run” is one of the oldest adages in investing. One of the newest ideas is that the winners may be running away with everything.

Modern capitalism is built on the idea that as companies get big, they become fat and happy, opening themselves up to lean and hungry competitors who can underprice and overtake them. That cycle of creative destruction may be changing in ways that help explain the seemingly unstoppable rise of the stock market.

New research by economists Gustavo Grullon of Rice University, Yelena Larkin of York University and Roni Michaely of Cornell University argues that U.S. companies are moving toward a winner-take-all system in which giants get stronger, not weaker, as they grow. Den Rest des Beitrags lesen »


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Starinvestor Buffett baut Beteiligung an Apple weiter massiv aus

Posted by hkarner - 27. Februar 2017

27. Februar 2017, 13:52 derstandard.at

Seine Beteiligungsgesellschaft besitzt nun Apple-Aktien im Wert von rund 17 Milliarden Dollar

New York – Der Starinvestor Warren Buffett hat seine Beteiligung an Apple deutlich aufgestockt. Es seien Anfang 2017 rund 120 Millionen Aktien des iPhone-Herstellers erworben worden, sagte Buffett am Montag dem TV-Sender CNBC. Seine Beteiligungsgesellschaft Berkshire Hathaway besitzt nun 133 Millionen Apple-Aktien im Wert von rund 17 Milliarden Dollar. Den Rest des Beitrags lesen »


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