Apple, IBM Shares Jump Off Partnership
Wall Street is giving its early approval of a new enterprise deal between tech titans Apple and IBM. Shares climbed 2.59% in pre-market trading after announcing a partnership with IBM to get more iPhones and iPads into the enterprise space. It’s a busy week for IBM, which reports second quarter earnings Thursday. Last quarter, earnings plunged 21%, while its revenue dipped 4% to $22.5 billion. Estimates call for a second-quarter earnings per share of $4.29 off revenue of just over $24 billion.
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