Tag Archives: finance

AAPL joining famed Dow Jones Industrial Average, replacing AT&T

AAPL March 6th

Apple will be joining the Dow Jones Industrial Average taking wireless carrier AT&T’s spot on the famed stock market index, CNBC reports. The change will take place in just under two weeks at the end of trading on March 18th. The Dow is heavily viewed as being indicative of the overall stock market performance in the United States, and Apple’s rising stock price will soon be a significant factor to that number.

The Dow Jones Industrial Average is currently made up of 30 major companies based in the United States including ExxonMobil, Microsoft, IBM, and Walt Disney.

Apple’s eligibility for joining the Dow was mentioned nearly a year ago when the company announced a 7-1 stock split bringing down its trading price per share from about $550 to about $80 at the time. Visa, another member of the Dow, is implementing a similar 4-1 stock split which makes room for Apple to join the DJIA replacing AT&T.

While inclusion in the Dow Jones Industrial Average has no direct consequence on Apple’s stock, it does imply a vote of confidence seen by conservative investors that otherwise may not be present. Apple’s stock performance, of course, will directly effect the DJIA from day to day.

Apple’s market capitalization is currently valued just under $750 billion, although the DJIA will factor prices per share of the company’s stock.

Press release follows…

Apple Inc. (NASD:AAPL) will replace AT&T Inc. (NYSE:T) in the Dow Jones Industrial Average (DJIA) after the close of trading on Wednesday, March 18. The change will be effective with the opening of trading on Thursday, March 19. The index change was prompted by Visa Inc.’s (NYSE:V) 4:1 stock split which is scheduled to be effective at the same time. The post-split adjusted lower price of Visa will reduce the weighting of the Information Technology sector in the index. Adding Apple to the index will help to partially offset this reduction. In price weighted indices such as the DJIA, a large change in price of a high priced stock can have a material impact on sector representation in the index and this index change is designed to minimize that impact. The Telecommunication Services sector will continue to be represented in the DJIA by Verizon Communications Inc. (NYSE:VZ).

“As the largest corporation in the world and a leader in technology, Apple is the clear choice for the Dow Jones Industrial Average, the most recognized stock market measure,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “The DJIA is price weighted so extremely high stock prices tend to distort the index while very low stock prices have little impact. The timing of Apple’s addition to the DJIA hinged on two stock splits: Apple’s 7:1 last June and Visa’s 4:1 on March 19th this year. Apple’s split brought the stock price down closer to the median price in the DJIA. The Visa split will reduce the technology weight in the DJIA and make room for Apple. Among the current DJIA constituents, AT&T has one of the lowest prices. Moreover, the DJIA is over-weighted in telecommunications and AT&T and Verizon are quite similar, though AT&T has a smaller market capitalization.”

Apple, headquartered in Cupertino, CA, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. The change won’t cause any disruption in the level of the index. The divisor used to calculate the index from the components’ prices on their respective home exchanges will be changed prior to the opening on March 19. This procedure prevents any distortion in the index’s reflection of the portion of the U.S. stock market it is designed to measure.


Filed under: AAPL Company Tagged: AT&T, Dow, Dow Jones Industrial Average, finance, stock, Trading

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Intuit’s Mint app adds new bill reminder features, accessibility improvements, more

Intuit Mint 1 Intuit Mint 2 Intuit Mint 5

The popular Intuit-owned Mint finance management app updated to version 4.1 today adding new bill reminder features, more accessibility support, and general improvements all around.

Highlighted in the new version is the ability to manage bill reminders right from the app. For the iPhone version, bill reminders can be created, edited, and managed from the latest version of the app. A change to the Overview tab wraps all this together.

Mint has also enhanced the newly added Updates view to show upcoming bill due dates. The new Upcoming Bills Card will present any bills with a due date within the next seven days.

In terms of accessibility, Mint has added support in a number of areas of the app. This includes the login, signup, split transactions and transaction detail pages.

Mint 4.1 for iPhone and iPad is available for free on the App Store.


Filed under: Apps Tagged: accessibility, bill reminders, budget, finance, Intuit, Mint, money, money management, personal finance

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Apple builds national enterprise sales team for IBM partnership, targets industrial, healthcare, financial customers

Tim-IBM

Apple is looking to hire individuals across the US for a team of IBM Business Development Executives that “will be accountable for all aspects of the Apple and IBM partnership for a defined geographic and account set territory.” That means Apple is hiring a team of individuals that will act as company liaisons to help roll out and oversee sales teams pushing the new Apple/IBM iOS solutions to enterprise customers. The positions, which are industry and region-specific, also show Apple’s plan for the upcoming expansion of its enterprise solutions for new industries including manufacturing and healthcare. 

Apple says the team will “play a pivotal role in the U.S. success of the recently announced Apple partnership with IBM.”

Apple is hiring the IBM Business Developer Executives to act as liaisons for the various industries that Apple and IBM have been developing solutions for. Currently the company is hiring for the position in Seattle and LA for the Healthcare & Retail industries, in New York City for the Financial Services & Retail industries, and in Dallas and Chicago for Manufacturing and Retail.

Industry field liaison to IBM – will operate in specific industry capacities. For example, if an Apple AE has a ‘retail industry oriented territory’, the BDE will help facilitate connection to IBM’s retail leadership and team so Apple and IBM can be more meaningful in their strategic partnership, for retail industry customers. The BDE will also work to build like industry communities across the geography to ensure that we are collaborating well and sharing learnings and best practices to be greatly successful in all of those industry customers in the territory.

The positions for healthcare and manufacturing sectors are particularly intriguing, as Apple hasn’t yet announced solutions with IBM for those industries. At its Q1 earnings call late last month, however, CEO Tim Cook announced that another 12 apps through the IBM partnership would arrive in Q1 of this year. That would bring the total of solutions to 22 and add solutions for new industries including healthcare, energy & utilities, and industrial products.

Apple announced back in December that the first wave of software developed through the IBM partnership was ready with a number of new “MobileFirst for iOS” solutions for the enterprise. The companies announced 10 new apps designed specifically for businesses including banking, retail, insurance, financial services, telecommunications and for governments and airlines. Apple will likely be hiring more of these liaisons for its sales team as it rolls out additional apps for other industries.

When Apple originally announced the partnership with IBM back in July of last year, the companies said they would collaborate to bring over 100 enterprise apps & cloud services to the iPhone and iPad while launching a new AppleCare service specifically for enterprise customers.


Filed under: AAPL Company, iOS Devices Tagged: Apple, enterprise, finance, Healthcare, IBM, industrial, partnership, sales, Tim Cook

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Intuit’s Mint iPhone app updated with faster personal finance tracking including fees, alerts, more

Mint iPhone app 1 Mint iPhone app 2 Mint iPhone app 3

Users of Intuit’s Mint Personal Finance app for iPhone will be seeing a workflow speed boost with the latest version. Finance data like recent transactions and used accounts, fee and high spending alerts, and budget information is now available for tracking faster in an added Updates section. You can see an example of the new view in the screenshot above.

The newly added Updates section follows previously added features including the ability to track your credit score for free without having to add a credit card as well as support for unlocking the app with your fingerprint using Touch ID for iOS 8 users with iPhone 5s, iPhone 6, and iPhone 6 Plus.

Intuit also released a redesigned Quicken 2015 for Mac earlier this year including sync support for the Quicken Money Management app for iPhone. You can view the latest change log for Mint below:

What’s New in Version 3.7.0

* Mint Updates View (iPhone only)
Updates is a faster, easier way to see a detailed view of the most recent changes to your finances. When you open the app on your mobile phone, Updates shows contextually sensitive cards that highlight important changes such as:
• Recent transactions
• Fee alerts
• Fast approaching budgets
• High spending alerts
• Recently used accounts

Mint Personal Finance is available on the App Store for iPhone and iPad, although the new features are currently only available for the iPhone version.


Filed under: Apps Tagged: accounts, budgets, business, credit, credit score, credit tracking, finance, finance tracking, Intuit, Intuit Mint, Mint, Mint Personal Finance, Quicken

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Intuit debuts redesigned Quicken 2015 for Mac with free mobile apps

Quicken 2015

Intuit is out today with a new version of its personal finance app with the release of Quicken 2015 for Mac. The latest version of Quicken boasts an overhauled design to simplify the app as well as “new investment capabilities”, Intuit says. The new Mac version is accompanied by a sync compatible, updated Quicken Money Management app for iPhone which supports snapping and saving receipts as well as displaying charts on-the-go…

Intuit says the new version of Quicken carries over the features from previous versions and introduces new capabilities as well.

This includes the ability to view and manage financial statements from “14,500 different banks, credit cards, loan and investment accounts” to assist with tracking money spent as well as creating and managing budgets and scheduling bill pay. Below you can see what’s new in the latest version of Quicken for Mac.

Quicken 2015 for Mac lets users:

Make smart financial decisions on the go: The free mobile companion app syncs customer data across desktop and mobile devices, including iPhone, iPad and Android. Quicken users can check account balances, transactions and household budgets anywhere at any time, and snap a photo to store receipts to keep track of important purchases.

Easily track portfolios and plan for taxes: Detailed investment tracking allows users to view and track portfolio value, investment transactions, cost basis, unrealized and realized gains, and create Schedule D tax reports for capital gains. The product simplifies tax time by tracking deductions and creating tax reports.

View and understand finances in a flash: A refreshed interface optimized for OS X makes it easy for users to see where they stand with their finances.

As for product commitment (you probably recall Intuit’s history with keeping Quicken up-to-date with the Mac’s move from Intel and OS X Lion’s support drop for Rosetta), Intuit’s Consumer Ecosystem Group SVP and general manager Barry Saik said in a press release:

“With Quicken 2015 for Mac, we’re reaffirming our commitment to serving our loyal Apple customers and delivering the dependable, easy-to-use solutions they’ve come to expect.”

In addition to the those features, Intuit says it expects to release new features and capabilities regularly through the year to continue making Quicken a better product.

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For now, Quicken users can pick up the new version of Intuit’s finance software digitally from the Mac App Store or Amazon for $74.99, and the company says a boxed version will be available in retail stores later this fall starting in October. As for the mobile Quicken users, those can be downloaded for free from the App Store on iOS and Play Store on Android.


Filed under: Apps Tagged: banking, banks, bill payment, bills, finance, financial statements, Intel, Intuit, Investing, investments, personal finance, Quicken, Quicken 2015, receipt tracking, receipts, Rosetta

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Yahoo Finance updated with new design, pre- and after-market data, news section, more

yahoo finance yahoo finance yahoo finance

Yahoo has released a new version of its Finance app for iPhone and iPad featuring the addition of a new tab bar for quicker navigation and other visual changes. The update still features the basement view on the left as well as the search view for adding stocks to your watch list on the right, but the overall app is organized much cleaner now.

The new tab bar consists of the primary Home view for information related to stocks you’re tracking, a new News tab for following general finance news and information, and a Markets view for an overview of U.S., Europe, and Asia finance data.

The updated version of Yahoo Finance also adds support for viewing pre-market and after-market data for items on your watch list. Yahoo Finance 2.2 for iPhone and iPad is available on the App Store.


Filed under: Apps Tagged: finance, Yahoo, Yahoo Finance

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