Investor

Warren Buffett’s stake in Apple now twice as large, reaches more than $18 billion

Berkshire Hathaway’s position in Apple is now more than twice as large as previously disclosed at $18.2 billion, investment tycoon Warren Buffett told CNBC in an interview on Monday. At the end of last year, Berkshire Hathaway owned 61 million Apple shares, worth $7 billion at the time.

Buffet’s annual letter to shareholders, which included a regulatory disclosure of its long positions, has revealed that his conglomerate had purchased about 120 million shares of Apple in 2017.

Apple will announce its Q1 2017 earnings on January 31

Apple is planning to announce its earnings results for Q1 of [fiscal] 2017 on January 31. The company on Wednesday updated its investor website to show that it will be hosting a conference call to discuss the quarter that Tuesday at 2:00pm PT.

Apple’s first quarter is of course its holiday quarter, which covers the popular 3-month holiday shopping period between October and December. And as usual, all eyes will be on the company to see if it was able to solve its recent growth problems.

Billionaire investor Carl Icahn is concerned about Apple’s prospects in China

Activist investor Carl Icahn earlier this year sold his position in Apple, but that doesn’t mean he no longer thinks Apple is a lucrative stock to invest in. Quite the contrary, he’s made several billion dollars on Apple!

That being said, he would invest back in the Cupertino firm were it not for Apple’s prospects in China, which he doesn’t feel secure about although he’s adamant that CEO Tim Cook is “doing a good job”.

Apple to hold Q2 2016 earnings call on April 25

Apple has scheduled an earnings call to discuss its second fiscal quarter results for Monday, April 25, 2016 at 2:00pm Pacific Time, 5pm Eastern Time, according to a note on the Apple Investor website. The conference call will discuss Apple’s financial performance during a three-month period ending this month following its lucrative holiday quarter.

The quarterly earnings statement will be released thirty minutes in advance of the conference call. The company provided revenue guidance of $50 to $53 billion for the quarter and gross margin between 39 and 39.5 percent, prompting concern among investors as these numbers represent Apple’s first revenue decrease in thirteen years.

Apple to announce Q1 2016 earnings on January 26

Apple just confirmed via its Investor Relations portal that it will be releasing financial results for its first fiscal quarter of 2016 (fourth calendar quarter of 2015) on Tuesday, January 26. As usual, the company will be hosting a conference call to discuss the results at 2:00 p.m. PT / 5:00 p.m. ET that day.

While earnings reports aren’t typically worth getting excited about, Apple loves to show off during the holiday quarter. The company routinely crushes smartphone sales and revenue records for the 3-month period, besting itself last year by moving 75 million iPhones and recording almost $75 billion in revenue.

Tim Cook says iPhone activations in China growing as $AAPL stock falls below $100

Apple CEO Tim Cook made a rare move today by responding to an email from CNBC’s Jim Cramer. Cook’s letter, a copy of which was obtained by Business Insider, addresses the company’s quarter so far and basically says that everything’s fine with Apple’s business and performance in China.

Apple’s stock has been declining since the company’s June quarter earnings showed iPhone sales coming slightly below investors’ expectations. This morning, $AAPL fell below $100 amid bigger stock market woes as most indices are in the red today.

Microsoft buys $15 million stake in Foursquare

It’s been a pretty big day for Microsoft. Following the news earlier today that Satya Nadella has been named the company’s new CEO, and Bill Gates would be stepping down as chairman, comes word that the Windows maker has made a sizable investment in Foursquare.

The deal, which has been confirmed by both parties, is said to be worth $15 million, and it will give Microsoft access to Forsquare’s mountain of mobile data. The company plans to utilize the data in its Bing mapping software and various other Windows Phone applications…