Apple Inc. doesn’t have to get flashy to cook up big new business opportunities, according to Evercore ISI analyst Amit Daryanani. Instead, the company can lean on its strong platform and financial position to incubate some sizable revenue drivers in a “capital-light” way.
Investors... Apple Inc. doesn’t have to get flashy to cook up big new business opportunities, according to Evercore ISI analyst Amit Daryanani. Instead, the company can lean on its strong platform and financial position to incubate some sizable revenue drivers in a “capital-light” way. Investors should hear a bit more about one of those Monday, when Apple executives take the stage for the keynote address at the WWDC developer conference, which is widely expected to bring the announcement of a mixed-reality headset — Apple’s first major new product launch in eight years.That new device could be especially pricey at first, with reports indicating it could sell for about $3,000.
“The global advertising market is in excess of $1 trillion, so even a single-digit market share could be material,” he wrote. The company already generates ad revenue from the App Store’s search function, but it could tap new potential by leaning into maps and its television product, according to Daryanani.“There are a lot of toll collectors in the payments space, so it is natural that Apple