Lutz Muller, Author at Seeking Alpha, discusses analysts' reason for Disney buying assets of 21st Century Fox versus what he believes to be the real reason behind the decision.
Lutz discusses the structural problems in Disney's TV, cinema, and licensing income. He also says issues with theater attendance and cable subscriptions are the biggest reasons for Disney making the deal.
We dig into Disney's control of Hulu with its purchase of Fox assets and what that means for streaming competitors like Netflix and Amazon.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
