Apple’s iPhone Takes a Backseat at Firm’s WWDC Event, Though Remains Central to Narrow-Moat Rating
On June 3, Apple held its annual Worldwide Developer Conference, or WWDC, with its typical slew of operating system updates across its bevy of devices. Our overall takeaway was that Apple used the event to refine the user experience for its existing devices, versus a single massive innovation or new product. Perhaps the most interesting feature was the iPadOS to better support the tablet experience, but on the whole most of the announcements seemed incremental in nature. Although none of the new...Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. The company's products include: iPhone; Mac; iPad; and wearables, home and accessories, which includes AirPods?, Apple TV?, Apple Watch?, Beats? products, HomePod?, iPod touch? and other Apple-branded and third-party accessories. The company's services include: digital content stores and streaming services; AppleCare, which includes AppleCare + (AC+) and the AppleCare Protection Plan; iCloud, which is the company's cloud service; licensing; and other services, which include Apple Arcade?, Apple Card?, Apple News+, and Apple Pay, a cashless payment service.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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