Items tagged with Goldman Sachs
The iPhone X is Apple's most expensive smartphone to date, at least in terms of starting price. Potential customers who are interested in the iPhone X are looking at spending $1,000 or more. Goldman Sachs, the investment bank that has raised tens of billions of dollars for Apple, is now reportedly in talks with the company about offering customers financing options when purchasing the high-dollar handset. Citing "people familiar with the matter," The Wall Street Journal says Goldman Sachs wants to partner with Apple on offering loans to customers purchasing a $1,000 iPhone X, which some may find more enticing than charging to a credit card, many of which charge high interest rates. It's not clear...
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Apple investors always seem to have a tough time figuring out how to react to news and events. Such is the case again following yesterday's unveiling of the iPhone 6, iPhone 6 Plus, and Apple Watch devices, along with some supplementary announcements. The initial reaction was to sell, and as investors hurried to unload shares, Apple's stock price dropped from $103 to $96 -- that translates into a $38 billion hit to the company's market capitalization. Here we are a day later and Apple's stock price is sitting at $100.17 and climbing. So, should you sell your shares before fickle investors have another panic attack, or hold onto your Apple stock in hopes that it will keep climbing? Far be it for...
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The hits just keep on coming for Facebook CEO Mark Zuckerberg. Being named Time's Person of the Year is one thing, but securing $500 million in funds from Goldman Sachs and Digital Sky Technologies, is definitely another. The New York Times reported the deal on Sunday. Goldman Sachs invested $450 million and Digital Sky Technologies, a Russian investment firm which already has a $200 million stake in Facebook, invested $50 million in a deal valuing Facebook at some $50 billion. That valuation means that Digital Sky Technologies has seen its initial investment in Facebook, made at a valuation of $10 billion, increase fivefold. Goldman has the right to sell part of its stake, up to $75 million,...
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