A few investors from Wall Street are pushing for Apple Inc (NASDAQ: AAPL) to acquire Peloton; however, no sign indicates the company’s intention to do so. The investor predicts that the acquisition of Peleton Inc is a good move for the company, as it could be the key to placing the struggling fitness business at the top.
However, the purchase of Peleton’s stocks would be costly for Apple Inc as the company is about to launch its first products for 2022. In addition, during the pandemic, Peleton’s sales were less than the predicted earnings by its investors.
Peleton’s profits dropped over the last two years. However, the company is still valued above $8 billion, which is high for the giant software’s portfolio. Other factors that hinder the deal from pushing forward include content, technology, and investors.
Apple managed to sell 2.3 million units
During the fourth quarter of 2021, the company revealed that iPhone sales increased to 2.3 million units. The increase was estimated to be 34% more than the previous year’s sales. The company also revealed that the motive behind the numbers was due to Indian citizens purchasing the latest iPhone phone.
Despite the big tech’s recent performance in the stock market, the company reported a rise in shares to $ 123.9 billion and acquired a gross margin of 43.8%. The company also created a patent for the latest update on a few Apple devices, such as the Apple Watch and others.
The patent termed the Temperature Gradient Sensing in the company’s electronic devices could possess more features such as a temperature sensor.
The company recently announced its permission to distribute unlisted applications via the play store.
Proposed Senate bill that targets Big Tech income proceeds
Recently congress developed a bill that targets tech companies such as Apple, among others. However, the proposed bill took a step further when at least 20 people voted for the amendment of the Open App Markets Act.
Suppose the amended bill passes into law. In that case, it will restrict at least 50 million consumers in the digital market from counting third-party creators outside the U.S from utilizing the payment systems. In addition, the bill affects platforms such as Apple Store and google play store.
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