段永平说过：苹果最大的风险是库克什么时候退休。因为他看来，库克是要比乔布斯更加出色的企业家。 因为对库克的信任，段永平选择投资苹果，三次大幅回撤不动摇；也正是因为库克，段永平从苹果股票上获得了数倍收益。 库克时期，苹果市值增长了10倍，突破3万亿美元大关；9年时间，iPhone销量从10亿部增长到了30亿部，在高端智能手机市场有着无可撼动的统治地位；开 拓出Apple Watch、AirPods、Apple Vision等新的产品品类，其中不乏开创了时代的变革型产品；软件上推出Apple TV、Apple Arcade等订阅服务，创造了苹 果新的业绩增长曲线；彻底摆脱对英特尔等第三方芯片方案的依赖，尤其是在Mac端完成了英特尔到苹果自研芯片的转换。 因此目前继任苹果CEO最可能的人选，被认为是现任的苹果硬件高级副总裁约翰·特努斯（John Ternus），2001年加入苹果的他，已经在苹果干了25年。 根据苹果官网显示，约翰·特努斯负责了目前苹果所有的硬件产品，包括iPhone、iPad、Mac、AirPods等等，并且主导了Mac产品从英特尔到苹果自研芯片的 过渡。性格谨慎且低调，拥有美国宾夕法尼亚大学机械 ...

「这是最好的时代，这是最坏的时代。」 狄更斯在《双城记》中的这句开篇，用来形容2025年的体育版权市场，也十分贴切。 一方面，球迷能够看到的比赛、内容和渠道前所未有的丰富；而在它的对立面，看球这件事本身，却正在变得越来越复杂和昂贵——赛事联盟在不同的平 台间切割版权，拆分程度之高前所未有。 站在2026年初的节点做个总结性判断，结论其实很明确：体育版权已经全面进入碎片化时代。 更重要的是，这个趋势并非阶段性现象，而是一个只会继续加深的长期过程。 球迷成版权「难民」 说到体育版权，国内近期大家讨论最多的，无疑是CBA与咪咕等平台的拉扯。 在广大球迷几乎已经接受了用抖音观看CBA比赛的现实后，近期，直播吧再度爆料咪咕将重新获得CBA版权。如果爆料属实，CBA和咪咕签下新合同 后，抖音上的CBA比赛将回到原合同下的精选场次直播，而不是全场次。 在更成熟的北美版权市场，这种碎片化的趋势更加明显。 2025年，NBA进入了全新的转播周期。其未来十一年的版权，被ESPN、亚马逊和NBC所瓜分。不管是具体数额还是同比增幅，NBA收入囊中的760亿美 元肥约，在行业层面证明体育版权仍有巨大的增长空间。 但落到消费者头上，就出 ...

Key Takeaways Chase will take over as issuer for Apple Card, with the transition completing in about 24 months. AAPL's Services revenue rose 14% in fiscal 2025, driven by Apple Pay, TV , and Arcade expansion. AAPL faces fintech pressure from GOOGL's Wallet and AFRM's growing buy now, pay later offerings.Apple (AAPL) and Chase announced that the latter will assume the role of issuer for Apple Card, with the transition expected to be completed in roughly 24 months. During this period and beyond, Apple Card us ...

Apple (AAPL) is a global technology company that designs and sells smartphones, computers, tablets and wearables as well as offers a fast-growing portfolio of high-margin services. Its ecosystem spans iPhone, Mac, iPad, Apple Watch, Apple TV, and more, as well as platforms like the App Store, iCloud, Apple Music, Apple Pay, and Apple TV+, making hardware a gateway into recurring subscription revenue. Founded in 1976, Apple is headquartered in Cupertino, California. The company operates and sells products ...

Key Points Apple guided for double-digit revenue growth in fiscal Q1. The latest iPhone lineup is off to an excellent start. Apple's lucrative services business is already growing at a double-digit rate, and management expects the segment's strong growth to persist in fiscal 2026. 10 stocks we like better than Apple › Between the end of fiscal 2022 and fiscal 2024, Apple's (NASDAQ: AAPL) annual sales volume essentially went nowhere. In fact, it even declined slightly over that two-year stretch. ...

Core Insights - The potential deal between Warner Bros, Netflix, and Paramount is highly speculative, and investors should focus on actual outcomes rather than possibilities [6][8][20] - The streaming landscape is evolving, with sports content becoming increasingly fragmented across various platforms, complicating consumer access [29][30][31] - Metrics such as average revenue per user (ARPU) and content spend are critical for investors to monitor, as profitability has become a key focus in the industry [42][44][49] Group 1: Streaming Deals and Speculation - The ongoing speculation regarding the Warner Bros and Netflix deal is characterized by misinformation and changing narratives, making it essential for investors to discern facts from opinions [6][10][20] - If the deal proceeds, Netflix would acquire significant assets, including live TV channels and sports rights, which could transform its business model [12][13] - The regulatory environment will play a crucial role in the approval of any major acquisitions, with potential delays of up to two years anticipated [21][22] Group 2: Sports Streaming Dynamics - The NFL is increasingly leveraging streaming services for its games, leading to a fragmented viewing experience for consumers [29][30][31] - Current data on the impact of sports content on direct-to-consumer streaming services is limited, making it difficult to assess its effect on subscriber growth and retention [32][33] - The NBA's approach to streaming is more consolidated compared to the NFL, aiming to simplify access for consumers [84] Group 3: Financial Metrics and Investor Focus - Investors should prioritize metrics such as ARPU and content spend, as these indicators are essential for understanding the financial health of streaming companies [44][49] - The shift from growth at all costs to a focus on profitability has altered the landscape, with companies like Disney and Warner Bros achieving profitability in their direct-to-consumer segments [43][44] - The lack of transparency in reporting ARPU and subscriber metrics complicates the ability to evaluate the performance of streaming services [45][46][49] Group 4: Industry Comparisons and Consumer Behavior - The streaming industry is not a zero-sum game; multiple companies can succeed simultaneously by catering to different consumer preferences [102][105] - The definition of "TV" is evolving, with younger generations viewing content across various platforms without strict adherence to traditional formats [100][105] - Companies like Apple and Amazon approach content differently, focusing on brand amplification rather than direct revenue generation from streaming services [62][63]

Longfin Media/iStock via Getty Images Listen here or on the go via Apple Podcasts and Spotify Streaming and media expert Dan Rayburn shares why investors should only care about the Warner Bros/Netflix/Paramount deal if it happens (0:40). NFL and NFLX; streaming and sports (11:00). Appropriate metrics to use in this space (18:40). Brand and revenue: Apple, Google, Amazon, Disney, Netflix (27:40). What is TV? (45:00) Transcript Rena Sherbill: Dan Rayburn, an expert if there ever was one in the streamin ...

Core Insights - Sony Music Entertainment Japan and Sony Pictures Entertainment have signed an agreement to acquire WildBrain's 41% stake in Peanuts Holdings LLC for approximately CAN$630 million (around $457 million U.S.) [1] - Upon completion of the transaction, Sony will increase its ownership in Peanuts Holdings to 80%, while the Schulz family will retain a 20% stake [2] - Peanuts Worldwide, a wholly owned subsidiary of Peanuts Holdings, will continue to manage the rights and business of the Peanuts brand, with Sony Music taking the lead in management [3] Company Strategy - Sony aims to enhance the value of the Peanuts brand by leveraging its global network and expertise, ensuring the brand remains relevant across generations [4] - WildBrain will continue as the exclusive licensing agent for consumer products in various territories and will produce new Peanuts content under a partnership with Apple TV [6] - WildBrain plans to use the proceeds from the sale to reduce debt and invest in its other franchises, such as Strawberry Shortcake and Teletubbies [7] Industry Context - The Peanuts franchise, created by Charles M. Schulz, has been a significant part of pop culture since its introduction in 1950, with various media adaptations and merchandise [4] - Apple TV has been expanding its Peanuts content offerings since acquiring streaming rights in 2020, including a recent five-year extension for exclusive streaming [8]

产品线扩张正值苹果寻求提振其最重要业务之际。iPhone业务占苹果总收入近一半，但近年来增长停滞，消费者换机周期延 长。在截至今年9月27日的苹果上一财年，iPhone的年度销售额同比增长4%至2090亿美元，部分得益于iPhone 17系列的设计 升级。 苹果发言人拒绝对上述消息置评，但股市投资者迅速回应。消息传出后，周二早盘刷新日低时跌超0.8%的苹果股价在午盘之 初曾转涨，后很快重回跌势，未到尾盘又转涨，最终惊险收涨近0.2%，暂别周一刷新的11月21日以来收盘低位。 折叠屏iPhone展开后7.7英寸 明年秋季亮相 新近消息显示，苹果计划未来两年内大幅扩充iPhone产品线。 据美东时间16日周二的报道，到2027年秋季，苹果将推出至少七款新iPhone机型，较目前的五款大幅增加，这是苹果在智能 手机设计上的最大胆尝试之一。 这轮iPhone的核心新品是苹果首款折叠屏iPhone，预计将于2026年秋季发布。媒体援引多位直接参与相关项目的人士称，这 款折叠设备展开后的宽度将大于高度，呈现类似小型iPad的外观。发布折叠手机一年后，2027年秋季，苹果还计划推出 iPhone 20周年纪念版，采用前后曲 ...

Core Viewpoint - Apple plans to launch at least seven new iPhone models by the fall of 2027, marking a significant expansion in its smartphone lineup, including its first foldable iPhone expected in fall 2026 [1][3]. Product Expansion Strategy - The foldable iPhone, codenamed V68, will feature a 7.7-inch inner display and a 5.3-inch outer display, aiming to be the first truly crease-free foldable smartphone [3][4]. - The iPhone 20, set to celebrate the 20th anniversary of the iPhone, will feature a full-screen design with no bezels, expected to launch in fall 2027 [1][13]. - Apple is also introducing the iPhone 17e, a budget model, in spring 2026, which will support wireless charging and feature the latest self-developed modem [8][9]. Technological Innovations - The iPhone 18 Pro series will incorporate under-display Face ID technology, eliminating the black oval area on the screen [6][10]. - The foldable iPhone will utilize advanced materials and a complex hinge design to achieve a high-quality display with minimal defects [3][4]. - New camera features will include a mechanical aperture for better light control, enhancing low-light photography capabilities [7]. Manufacturing and Production Plans - Apple plans to shift some production to India, starting with the iPhone 18, which will be produced in Bangalore before moving to China [11][12]. - The second-generation iPhone Air has been delayed to spring 2027 due to poor sales of the first generation, prompting a redesign to enhance its appeal [14]. Broader Product Development - Apple is developing a range of new products, including the next-generation AirTag, Apple Studio Display, and various MacBook models, with some expected to launch in early 2026 [16][17].