Mac OS Ken: 03.24.2014

Mac OS Ken

Ken Ray

Technology

4.7 • 996 Ratings

🗓️ 24 March 2014

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Macquarie Starts Coverage of Apple with Outperform Rating and $630 Price Target CIRP: Slow Consumer Upgrade Cycles for iPads Billboard Sources Say Apple Pondering Spotify-Type Music Service; iTunes App for Android WSJ Sources Say Apple and Comcast in Early Talks for Web-Based TV Service Virgin Mobile Drastically Reduces Cost of Current iPhones President Obama Meets with Tech Titans on Privacy and Technology Golden State Warriors Fans Meet iBeacons Indiana Jones Archeology Exhibit Harnesses iBeacons Placed: iBeacons Around the House BlackBerry to Sell Off Most of Its Real Estate in Canada BlackBerry Pursues Suit Against Seacrest-Backed Typo Keyboard Mac OS X Kind of Turns 13 SaneBox: Bring Sanity to Your Inbox with a 2-Week Free Trial at

Transcript

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0:00.0	This is not always can. It's all about the ecosystem, music and TV rumors, and I beacons abound.
0:19.8	It's Monday, March 24, 2014.
0:22.5	I'm Ken Ray, and this is news from MacoS.
0:26.5	Can, brought to you by yours truly
0:29.2	and supported by I-Chart magazine.
0:31.6	Putting Apple and Tech News in focus, E-Y-E-Chart magazine, available
0:38.0	for iOS newsstand now.
0:41.3	Time to get familiar with a new financial analyst and a new financial firm.
0:45.0	Baron says Macquarie Equity's research USA analyst Ben Shactor initiated coverage of Apple on Friday.
0:52.0	As is the case with so many financial analysts,
0:55.0	Shactor really gets Appleman in ways that others just don't.
1:00.0	He didn't say that exactly.
1:02.0	Rather, he said that a lot of analysts seemed to kind of miss the magic that is the one, two, three,
1:06.8	combo of iTunes software and services.
1:10.0	Quoting his note, as the world's most valuable company Apple receives a lot of attention
1:15.2	however we believe that its iTunes software services business have not been a key
1:20.8	focus for many investors.
1:22.6	We expect that to change over the coming years as these ultra-high margin businesses
1:26.9	will likely be a key profit driver for Apple, particularly its app sales.
1:31.9	Its iTunes Software Services gross sales should grow from $23 billion in fiscal year 2013
1:38.9	to roughly $70 billion by 2020, and by then could comprise almost 40% of operating profits
1:45.9	while still just north of 15% of sales. Shactor also spent a decent amount of
	...

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