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$IT stated that the worldwide public cloud services market is expected to grow 17.2% in 2016 to $208.6Bil, up from $178Bil in 2015. Cloud system infrastructure services (infrastructure as a service or IaaS) is expected to grow 42.8% in 2016. Cloud application services (software as a service or SaaS) is expected to grow 21.7% in 2016 to $38.9Bil.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.