#5 - Dolby Laboratories, Inc. (NYSE:DLB)
Dolby Laboratories, Inc. (NYSE: DLB) - Dolby partners with Apple in both their iPhones and their Apple TV product lines. Apple announced that they would be using Dolby’s Vision image technology in their iPhone 8, 8 Plus, iPhone X as well as the new 4K Apple TV. Although the technology is not new, Dolby’s commitment to finding partners to ensure that content would be available using Dolby Vision gave Apple the assurance it needed to commit to the technology. The opposite seems to be true with Apple’s decision to use Dolby’s Atmos surround sound technology with Apple TV. The technical advantages of the Dolby product will appeal to audio enthusiasts, but Atmos isn’t fully seeded in the marketplace as of yet. So, in this sense, Apple is hoping the combination of Dolby audio and video will contribute to their anticipated increase in iPhone sales to a consumer base that is ready to upgrade. Dolby’s stock is trading at just over $70 per share well of its 12-month low of $49.83 share. Second quarter revenue was up 3.85% at $317.45 million.
About Dolby Laboratories
Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.
Read More - Current Price
- $77.29
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $100.00 (29.4% Upside)
