Apple stock hits 14-month high, its highest price since 2015

By Christian Zibreg on Jan 18, 2017

We didn’t want to let this milestone pass by without acknowledging it: shares of Apple have hit the $119.95 mark in intraday trading, the highest stock price for the Cupertino firm since late 2015 and good for a cool $639.7 billion market cap. $AAPL hit a 52-week low of $89.47 in May 2016. Read More

 

Apple will announce its Q1 2017 earnings on January 31

By Cody Lee on Jan 4, 2017

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. Read More

 

Apple’s Q3 2016 earnings: 40.4M iPhones, 10M iPads, $42.4B revenue

By Cody Lee on Jul 26, 2016

Apple on Tuesday released its earnings report for the third [fiscal] quarter of 2016. The Cupertino company exceeded expectations, selling 40.4 million iPhones, 10 million iPads and earning $42.4 billion in revenue. The numbers are still down year-over-year, however, with 47.5 million iPhones and nearly $50 billion in revenue in Q3 2015. Read More

 

Tim Cook tells CNBC Apple has ‘great innovation in the pipeline’

By Cody Lee on May 2, 2016

Tim Cook on Monday appeared on CNBC’s ‘Mad Money’ to talk with host Jim Cramer about Apple’s recent earnings report. The iPhone maker announced weaker-than-expected Q2 sales last week, and its stock has since dropped more than 10 points.

While the interview is transparently a PR move to let Wall Street know that Apple is still on the right path, Cook did offer up some interesting comments about the future of his company. Naturally, we’ve highlighted some of our favorites for you below. Read More

 

15 interesting points from Apple’s Q4 2015 earnings call

By Cody Lee on Oct 27, 2015

Apple announced its financial results for its fiscal fourth quarter of 2015 this afternoon, and the numbers are pretty solid. The company sold 48M iPhones and earned $51.5B in revenue, handily beating numbers from last year but falling short of Wall Street’s expectations.

We’ve just finished up the conference call, where Tim Cook and CFO Luca Maestri discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below. Read More

 

Apple’s Q4 2015 earnings: 48.05M iPhones, 9.88M iPads, $51.5B revenue

By Cody Lee on Oct 27, 2015

Apple on Tuesday posted its [fiscal] fourth quarter earnings for 2015, offering a look at its performance over the past 3 months. The company shattered most of its sales figures from the same year-ago quarter, but came in under Wall Street expectations in the most important category: iPhone sales.

Analysts were expecting Apple to sell 48.5 million smartphones during Q4, but it fell a bit short at 48.05 million. And although market watchers anticipated lower-than-last-year iPad numbers, the firm came in under tablet sales projections as well. Keep reading for a full breakdown of the numbers.

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15 interesting points from Apple’s Q2 2015 earnings call

By Cody Lee on Apr 27, 2015

Apple announced its financial results for its fiscal second quarter of 2015 this afternoon, and the numbers are impressive. The company sold 61.2 million iPhones and earned $58 billion in revenue, breaking March quarter records and beating Wall Street expectations.

We just finished up the conference call, where Tim Cook and other executives team discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below. Read More

 

Apple’s Q2 2015 earnings: 61.2M iPhones, 12.62M iPads, $58.01B revenue

By Cody Lee on Apr 27, 2015

Apple has posted its [fiscal] second quarter earnings report for 2015 this afternoon, and they are impressive. The Cupertino company beat Wall Street estimates, recording $58.01 billion in revenue on the back of strong iPhone sales.

More than 61 million iPhones were purchased during the usually-slow, post-holiday second quarter. That’s over 4 million above analyst estimates, and it looks like the handset did particularly well in China—up 72% year-over-year. Read More

 

Investors suggest Apple buy Tesla at annual shareholder meeting

By Cody Lee on Mar 10, 2015

Would Apple consider acquiring electric car-maker Tesla? That was the question posed to Tim Cook by two Apple investors during the company’s annual shareholder meeting today. And as you’d imagine, the chief executive gracefully deflected the question.

Recode attended the meeting, and noted Cook responded to the query by talking about CarPlay and its 40+ model rollout this year. “Was that a good way to avoid the question?” When pressed he joked, “let me think if there’s another way to give a non-answer.” Read More

 

Apple spent $56 billion on stock buybacks this year

By Cody Lee on Dec 19, 2014

Apple was the biggest buyback spender among the S&P 500 this year, according to MarketWatch. Citing data from FactSet, the outlet reports the iPhone-maker has bought back more than $56 billion worth of shares from stockholders in 2014.

That’s a staggering amount, especially when you consider that the company that came in second place among buyback spenders in 2014, IBM, only spent $19.2 billion. Apple spent almost that much ($18.6 billion) during its first quarter this year. Read More

 
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