“Will Apple Inc. and Alibaba Group Holding Ltd. — two of the world’s largest companies — come together for a game-changing partnership?” Louis Bedigian asks for Benzinga. “‘They both have something to seek out,’ Wedbush analyst Gil Luria told Benzinga. ‘Apple wants to sell a lot of iPhones in China, and Alibaba wants recognition and access to the West. They make very complementary partners.'”
“PTT Research analyst Mark Gomes thinks this partnership ‘makes perfect sense.’ He told Benzinga that while Amazon.com, Inc. has the complete e-commerce infrastructure set up in the United States, Alibaba has the infrastructure on the other side of the world,” Bedigian reports. “‘Those are the infrastructure players,’ said Gomes. ‘Amazon [has] very unsuccessfully tried to get into the connectivity side with the Kindle Fire — they’re going to need to pivot. They don’t have that kind of connection to the user that they need unless the user goes to Amazon. With Alibaba coming to town it’s going to be prohibitively difficult for them.’ Gomes added that while Alibaba has a lot going for it, it is missing that element of connectivity. Apple has that covered but needs access to new customers, which Alibaba could provide.”
Read more in the full article here.
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