Upcoming AWS Coverage on Sony

LONDON, UK / ACCESSWIRE / January 6, 2017 / Active Wall St. blog coverage looks at the headline from tech giant Apple Inc. (NASDAQ: AAPL) as the Company confirmed on January 04, 2017, that it plans to invest $1 billion in Japan's SoftBank Group Corp.'s Vision Fund. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Apple's competitors within the Electronic Equipment space, Sony Corp. (NYSE: SNE), is estimated to report earnings on February 03, 2017. AWS will be initiating a research report on Sony following the release of its earnings numbers.

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Apple spokeswoman Kristin Huguet commented:

"We've worked closely with SoftBank for many years and we believe their new fund will speed the development of technologies which may be strategically important to Apple."

The Vision Fund

SoftBank's Vision fund was announced in October 2016 with an aim to invest in start-ups across the world. The largest ever tech fund will concentrate on investments in future technologies like Robotics, Artificial Intelligence (AI), Internet of Things (IoT) etc. SoftBank will invest $25 billion in the fund. The government of Saudi Arabia has already confirmed its plans to invest $45 billion for a five year period in the fund. Qualcomm, Foxconn Technology, Oracle Corp.'s Chairman Larry Ellison have also shown keen interest in contributing to this fund; however the exact amount and time period for investments have not been confirmed by any of these companies. Though SoftBank started the fund with an aim to garner $100 billion, the amount could easily cross this limit given the amount of interest generated. SoftBank plans to do a fundraising in end of January 2017 to attract more investors. The $100 billion tech fund is expected to close in mid-2017 and will operate from London.

SoftBank's investment interests

SoftBank is a Japanese internet and telecom giant with investments across the globe. Masayoshi Son, the Chairman and CEO of SoftBank, is known to make interesting investment bets including Alibaba, UK-based chip designer ARM Holdings etc. In the US, SoftBank has invested in mobile carrier company Sprint Corp. and recently in US start-up OneWeb. In December 2016 Mr. Son had met President-elect Donald Trump and had pledged to invest $50 billion in US which would create over 50,000 job opportunities. This amount could come from the Vision Fund.

Apple's Interest

Apple's had shown interest in investing in the Vision Fund and had held talks with SoftBank in December 2016. This investment will give Apple access to technologies which will be useful for the company. Apple and SoftBank have a long history of working together. The relationship started in 2008 when Apple chose SoftBank as the exclusive seller of its iPhone in Japan. Mr. Son had admired late Steve Jobs, Apple's former CEO, and is also close to the current Apple CEO ? Tim Cook.

Apple is not known to be gung-ho about venture capital funding and the current decision is a marked deviation. Apple has mostly invested in start-ups with smaller investments. The shift in investment strategy had been noticed when Apple had invested $1 billion in May 2016 in Didi Chuxing Technology, a ride sharing company which is a Chinese rival of Uber Technologies. Incidentally, SoftBank is also an investor in Didi Chuxing.

Apple News Update

On a different and positive note, Apple announced on January 05, 2017 that the New Year day was the busiest day for its app hits and developer earnings with $240 million in purchases in a single day on its App Store. In 2016, Apple enabled developers to earn $20 billion via app sales.

Stock Performance

At the closing bell on January 05, 2017, Apple's share price finished yesterday's trading session at $116.61, slightly advancing 0.51%. A total volume of 22.11 million shares exchanged hands. The stock has surged 22.83% and 18.38% in the last six months and past twelve months, respectively. Furthermore, in the previous month, shares of the Company have gained 6.87%. The stock is trading at a PE ratio of 14.09 and has a dividend yield of 1.96%.

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SOURCE: Active Wall Street