Apple shares drop 4% amidst iCloud security concerns

By Cody Lee on Sep 3, 2014

Shares of Apple dropped 4% today, closing this afternoon at $98.94. That’s the stock’s worst percentage slump since late January, and its worst value since it began its march towards its highest price ever in early August.

The news comes amidst the recent iCloud scandal, in which Apple’s cloud security was blamed for the leaking of several revealing celebrity photos, and ahead of the company’s highly anticipated iPhone event next week. Read More

 

Apple’s stock closes at record high of $100.56 per share

By Cody Lee on Aug 19, 2014

After hovering just under the $100 mark for several weeks, shares of Apple finally surpassed the mark today and closed at an all-time high of $100.56. That breaks the Cupertino company stock’s previous closing record of $100.30, set on September 19, 2012 in the run up to the launch of the iPhone 5.

Today’s news comes just a few months after Apple authorized a 7-1 stock split (before the split, today’s closing price would be shown as $703.92), and amidst a barrage of rumors regarding the company’s plans for product releases this fall which include two new iPhones and possibly a smartwatchRead More

 

Apple’s new retail chief Angela Ahrendts awarded $68 million in stock

By Cody Lee on May 5, 2014

Talk about a signing bonus. After officially joining Apple last week, word got out today that Angela Ahrendts has already received 113 thousand units of restricted stock. At today’s prices—remember, APPL is back up around $600—the shares would be worth roughly $68 million.

This makes the company’s new SVP of retail and online stores one of the highest-paid executives in the industry, but of course, she’ll have to wait to cash in. According to a filing with the U.S. Securities and Exchange Commission, the full amount won’t be available until 2018… Read More

 

Apple stock crosses $600 per share for the first time since 2012

By Jake Smith on May 5, 2014

Investors are liking Apple’s direction lately, pushing the stock to $600 per share for the first time since 2012. Shares of AAPL closed at $600.96 each on Monday, a nice hike up from the under $400 price the stock was sitting at in April 2013.

Apple’s shares were up more than $8 for the day to reach the 52 week high, bringing the Cupertino-based company’s market capitalization to a hefty $517.65 billion. Read More

 

Apple reports earnings Wednesday: Here’s what analysts expect

By Jake Smith on Apr 21, 2014

Apple reports its quarterly earnings on Wednesday for the January to March quarter – a typically slow time for technology companies following the Christmas quarter crunch.

On its last earnings call in January, Apple told investors to expect revenue between $42 billion and $44 billion, gross margin between 37 percent and 38 percent, operating expenses between $4.3 billion and $4.4 billion, other income/(expense) of $200 million, and a tax rate of 26.2 percent. Really, no better than the company did last year.

Analysts have been checking with industry sources, looking at retail logs, and number crunching to predict what Apple will announce on Wednesday. Whether the company misses or beats the expectations could have a big impact on the stock price, which is up roughly 36 percent year-over-year. Last quarter, the stock tanked in after hours following a bad guidance for the numbers that are set to be report on Wednesday. Here’s what analysts are expecting:  Read More

 

Apple: ‘several billion’ iMessages sent daily, Apple TV raked in $1 billion last year

By Cody Lee on Feb 28, 2014

As expected, Apple held its 2014 shareholders meeting on its Cupertino campus this afternoon. Apple executives were on hand, as were the company’s board of directors, to reassure investors that things are on track for another successful year, and to field shareholder questions.

Most of the meeting was filled with the usual dreck: approving and rejecting proposals, reelecting board members, and so on, but things began to liven up when Tim Cook began dropping numbers. Keep reading for a roundup of some of the most interesting points from the meeting… Read More

 

As institutional investors side with Apple, Carl Icahn withdraws his buyback proposal

By Christian Zibreg on Feb 10, 2014

Controversial activist investor Carl Icahn continues to aggressively purchase shares of Apple while insisting that the company increase the size of its share buyback program. His proposal for a $50 billion buyback has been met with resistance by proxy advisory firm Institutional Shareholder Services (ISS) which now recommends voting against the plan.

ISS argues that the Apple board has already returned the bulk of its U.S.-generated cash to shareholders through the company’s aggressive stock buybacks and dividends payouts. As a result of large institutional investors siding with Apple, Icahn has withdrawn his proposal… Read More

 

Following 8 percent slide, Apple repurchases $14 billion in stock

By Cody Lee on Feb 7, 2014

Apple reported the financial results for its holiday quarter late last month, and for the most part they killed it—the company set records for revenue, iPhone sales, and iPad sales during the 3-month period. But all Wall Street saw was declining growth.

The Cupertino tech giant’s stock dropped 8% that day in after-hours trading, falling from $550 per share to $500, and it has yet to rebound. But Tim Cook says Apple’s taking advantage of the unexpected price drop by going on a major buyback spree… Read More

 

Apple amends corporate bylaws following criticism over lack of female leaders

By Cody Lee on Jan 6, 2014

Bloomberg is reporting today that Apple has come under criticism from some of its major shareholders over the absence of women on its board and throughout its executive team. Specifically, Trillium Asset Management LLC and the Sustainability Group have engaged the company on the issue.

The shareholders have met with Apple a number of times over the past few months to address the its lack of diversity in top-level ranks. They intended to bring the issue to a vote at the February shareholder meeting, but Apple agreed to address the issue via new language in its corporate charter… Read More

 

Carl Icahn files proposal to put $150B Apple stock buyback program up for vote

By Sébastien Page on Dec 4, 2013

Carl Icahn knows what he wants, and he usually gets it. These days, what Carl Icahn wants is Apple to initiate a $150 billion buyback program of its stock. Although Tim Cook hasn’t clearly expressed it, he’s been reluctant to follow Icahn’s request, which led him to file a precatory proposal.

A precatory proposal is a fancy term which, in clear English means a shareholder proposal for a stock buyback program to be voted on at Apple’s next annual shareholder meeting… Read More

 

Yahoo Finance gets push notifications and all-new iOS 7 look

By Christian Zibreg on Nov 6, 2013

Since the iPhone’s inception, Yahoo has been Apple’s exclusive provider of weather and stock market data in iOS. While I’ve never been a big fan of Yahoo’s Finance app for the iPhone and iPad, I prefer to keep tabs on stocks on the Yahoo Finance website, as opposed to Google Finance.

I’ll be changing my mind, however, as the Internet giant has at last given the iOS app a thorough overhaul while adding new features such as notifications for stock price changes, so it now feels right at home in iOS 7… Read More

 

Shares 2 offers a ridiculously simple way to track your stocks

By Lory Gil on Oct 9, 2013

Keeping track of your stocks can be a burden if you are using Apple’s native Stocks app. You can see increases and decreases from the day’s opening, but figuring out how much you’ve made or lost takes additional time, and usually a calculator.

Shares 2 gives you a simple and elegant view of the companies you’ve invested in, plus gives you an overview of how much money you’ve made or lost overall… Read More

 

A quick look at the Apple stock price before and after an iPhone announcement

By Sébastien Page on Sep 9, 2013

Here is an interesting graph to look at, a day before Apple is set to announce not one, but two new iPhones, which we’ll call the iPhone 5S and the iPhone 5C, at least until Apple proves us wrong.

This chart, created by Deutsche Bank’s Chris Whitmore takes a look at the Apple stock price during the months before and after an iPhone announcement… Read More

 

Apple SVP Phil Schiller sells nearly $20 million in company stock

By Cody Lee on Aug 16, 2013

Apple’s Senior Vice President of Worldwide Marketing Phil Schiller became $20 million richer today, according to documents filed with the SEC. The papers show that Schiller cashed in a ton of Apple stock for more than $18 million in cash.

In all, Schiller sold a total of 37,172 shares of common stock at a price of $500 for a total haul of $18.6 million. That’s almost exactly half of his 75,000 shares that vested in June, which was half of the 150,000 share bonus he received last fall… Read More

 

Another high profile investor announces position in Apple, stock crosses $500

By Cody Lee on Aug 14, 2013

Yesterday, Carl Icahn, one of the most prominent investors on Wall Street, set the Internet on fire when he announced that he had taken a ‘large position’ in Apple. He didn’t say how much money, exactly, but the investment is believed to be over $1 billion.

As you can imagine, Icahn’s comments also set APPL on fire as well. The already-climbing stock jumped 20 points yesterday, and ended up closing around $490. And today, it’s crossed the $500 mark on the back of another high-profile investor’s blessings… Read More

 
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