For those familiar with Bethany McLean's The Smartest Guys In The Room, the forthcoming comparison will make sense; for those unfamiliar with her book, regarding Enron's executive leadership, the following analogy may fall on deaf ears. In any case, allow me to preface all further Enron remarks by first decrying the company's actions. While its employees were, for the most part, incredibly intelligent, Enron epitomizes all that was, and still is, wrong with corporate America.
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Taylor Swift & Apple Have Bad Blood
Money talks; people listen. Absolute power corrupts absolutely. These are undisputed facts. However, after pursuing profits over equality, the world's richest and most powerful company has reversed its business strategy. After facing widespread backlash from musicians, in addition to a written critique by pop star Taylor Swift, Apple (AAPL) announced it will pay recording artists during Apple Music's 3-month free trial period.
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Apple On The Attack
This past Monday, Apple (AAPL) held its highly anticipated WWDC Keynote meeting and, while there were no head turning hardware announcements (such as information regarding Apple's upcoming T.V.), Tim Cook and company were nonetheless able to hypnotize the crowd by introducing new software offerings.
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Robotic Bartender Makes Drinking Better
How many times have you, as a man, visited a crowded bar just to have the bartender avoid you? Unless you're George Clooney, or have Kate Upton around your arm, this is bound to happen; even worse, when the bartender finally serves all the women, he still expects a tip for that hideously overpriced gin and tonic he just served you. The night that you imagined has suddenly become hellish and reality is kicking you in the head.
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Profitless Snapchat To IPO
Snapchat, one of tech's most popular and fastest growing social media applications is planning to follow in the footsteps of its successful predecessors. Similar to how Mark Zuckerberg oversaw Facebook's (FB) IPO, Snapchat Co-Founder & CEO Evan Spiegel recently stated that Snapchat “need(s) to IPO." After releasing this juicy news, Spiegel later declared that Snapchat had also formed a strategic plan for doing so.
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BlackBerry's Cyber Security Future
You may not remember, but Blackberry (BBRY) once occupied the throne of the mobile device market; no company could touch it (you know... until Steve Jobs happened). Unfortunately for Blackberry, and its investors, the times have long changed. Since the 2007 release of the original iPhone, Blackberry has continuously ceded its market share to Apple (AAPL), Google (GOOG), Microsoft (MSFT), and, most recently, Chinese mobile device maker Xiaomi.
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Today's Most Important Apple Article
For the fourth consecutive quarter, Apple (AAPL) surpassed Wall Street's earnings expectations. In what has become habitual for America's largest company, Apple beat both earnings-per-share (EPS) and revenue estimates. After Monday's close, Apple reported Q2 EPS of $2.33 (vs. analyst expectations of $2.16) and reported Q2 revenue of $58.01B (vs. analyst expectations of $56.06B). Shares of Apple are already up over 20% YTD, and increased 1.5% in after-hours trading.
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