Critics of Apple’s (AAPL) market valuation should recognize the company’s latest cost-cutting efforts. The firm will cut some staff across its sales team. It is streamlining the way it offers products to businesses, government agencies, and schools.
Apple sent layoff notices to a few dozen workers in the last two weeks.
Music streaming service Spotify Technology (SPOT) has been on a downtrend since July. Shares peaked at $785 and closed on Monday at $584.98. Next year in the first quarter, it will increase subscription prices for U.S. customers. The Swedish firm will raise prices to 11.99 euros a month, up by one euro. Customers in South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region will face higher prices.
SPOT stock is not attractive yet. The stock has a P/E of 91 times.
Ever since Berkshire (BRK-B) disclosed a position in Alphabet (GOOG), shares have continued to climb. It jumped again on Monday, up by 6.28% to close at $318.47. BNP Paribas rated Google as the AI cloud winner. More importantly, Google said it signed a multi-year cloud deal with the NATO Communications and Information Agency. This is a modest, multi-million dollar deal.
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