Money

Apple stock reaching new heights, now worth more than Google and Microsoft combined

Sébastien Page ∙ February 9, 2012

It sure is a good time to be an Apple investor. After reaching new records a couple weeks ago, the stock hasn't stopped going up ever since. AAPL is currently trading at about $495, which is an absolute record.

As 9to5Mac notes, at its current $460 billion market capitalization, Apple is worth more than 10% of all NASDAQ combined. More impressive maybe is that Apple is worth 52 times RIM's value, more than 5 times Amazon's, more than twice the value of Google, and almost double the size of Microsoft. Heck, Apple is worth more than Google and Microsoft combined!

Record Labels Being Paid for Individual Songs Played on iTunes Match

Jake Smith ∙ Updated July 10, 2017

iTunes Match, Apple's cloud music locker, launched late last year with every major record label signed on. iTunes Match costs $25 a year per customer, and allows users to keep every one of their iDevices synced up with music they've purchased.

Today, TuneCore's Jeff Price published a post praising Apple for their payouts to record labels for songs played on iTunes Match. Price detailed the $10,000 he was awarded by Apple, in only two months...

Halliburton to Switch Entire Company From BlackBerry to iOS This Year

Cody Lee ∙ February 6, 2012

Halliburton, based out of Houston, Texas, is one of the largest energy services companies in the world. It has operations in more than 70 countries and employs over 60,000 people.

Given that information, you can see why it's such a big deal that the company has recently announced its intentions to ditch RIM's BlackBerry platform in favor of the iPhone and iOS...

Apple Made 75% of All Mobile Phone Profits in the World Last Quarter

Cody Lee ∙ February 3, 2012

We've seen a lot of interesting data regarding Apple's latest quarterly earnings report over the last few weeks. What some are calling, "the quarter heard around the world," will go down in history as one of the most profitable three month periods of any company (not just technology-related) ever.

Popular Apple analyst Horace Dediu added to the pile of statistics this morning with a report about Apple's mobile profit earnings. Apparently, the Cupertino company raked 75% of all mobile phone profits (worldwide) last quarter...

See, Apple is Not So Evil After All

Sébastien Page ∙ February 2, 2012

Apple has been taking a lot of heat lately for failing to effectively pursue safer working conditions in its overseas manufacturing plants, but also for outsourcing its product assembly to China – because you know, they're the only company outsourcing to China...

If there is one thing the company is doing well these days, it's their charity donation program, which was initiated by Tim Cook as he became CEO of Apple last year.

Foxconn Looking to Start iPad Production in Brazil Soon

Cody Lee ∙ January 26, 2012

After a rocky start in negotiations, it appears that Foxconn, a major Apple supplier, has finally received the tax terms it needed from the Brazilian government to start producing iPads in the South American country.

Believe it or not, getting Foxconn's Brazilian factory to start producing iPads is a big deal for both Apple and Apple fans in South America — it removes the need for costly important taxes that can sometimes double the cost of the tablet...

Apple Stock Reaches Crazy New Time High in After-Hours Trading

Sébastien Page ∙ January 24, 2012

Even though the stock was slightly down at the end of today trading session, it has now reached incredible new heights in after-hours trading.

AAPL is currently trading at about $450. That's a $30 jump from the previous trading record. Of course, this is all fueled by Apple's amazing financial results for last quarter. It's good to be an Apple shareholder right now...

Apple Smashes Expectations and Reports Record Financial Results for Last Quarter

Cody Lee ∙ Updated April 14, 2018

After missing expectations during the third quarter last year, all eyes were on Apple in 2011's Q4. Tim Cook and company made seemingly impossible projections for the three month period, and everyone has been watching to see if Apple could deliver.

Well the results are in today, and not only did Apple meet its own lofty expectations, but it blew every metric out of the water. For example, it predicted it would sell 30 million iPhones. And it actually sold 37 million. Keep reading for the full report...

Apple Has Spent More Than 100 Million Dollars on Android War

Cody Lee ∙ January 23, 2012

By now, most of you have heard Steve Jobs' infamous "war on Android" quote from his recently-released biography. It goes something like, "I will spend my last dying breath if I need to, and I will spend every penny of Apple's $40 billion in the bank, to right this wrong. I'm going to destroy Android, because it's a stolen product. I'm willing to go thermonuclear war on this."

He wasn't kidding. The latest estimates suggest that Apple's litigation fees its incurred in its ongoing legal battles with Android manufacturers add up to more than $100 million dollars. And the war is far from over...

The Economics Behind Apple’s Digital Textbook Initiative

Cody Lee ∙ January 19, 2012

During its New York-based media event this morning, Apple announced its plans to get into the digital textbook publishing business. We have a good recap of the event in case you missed it, but the gist of it all is fairly straight-forward.

Using new applications like iBooks 2 and iBooks Author, Apple plans to disrupt the textbook industry by making it easier for folks to publish and consume educational content. And what's more impressive, they're giving the tools away for free...

Apple CEO Made $377,996,537 in 2011

Sébastien Page ∙ Updated March 18, 2019

2011 wasn't a bad year for Apple newly appointed CEO Tim Cook, who made almost $378 million:

According to Apple’s 2012 Proxy Statement, Cook received a jaw dropping $377,996, 537 million in total compensation last year — which is $377,996,536 than his late predecessor made.

Cook made a little over $900,000 in salary in 2011, but a massive bonus in restricted stock units vesting in two five-year increments and doled out with his appointment to the CEO slot, sent his total compensation into the stratosphere.

Apple Stock Hits All-Time High of $427 Per Share

Cody Lee ∙ January 9, 2012

Back in October of last year, TechCrunch writer MG Siegler wrote an article entitled "If You Sold Your Apple Stock Today, You're an Idiot." The post was in response to Apple's stock price dropping more than 23 points in 8 hours.

The crash was likely the culmination of Steve Jobs' recent passing, initial reaction/disappointment to the iPhone 4S, and the fact that Apple missed The Street's sales projections for their Q3 of 2011. But the negativity didn't last long...