The coronavirus saw Apple shutter its facilities throughout China, and now it seems that the virus spread could have a serious impact on its projected revenue this spring.
The sale is massive, but keep in mind that it represents less than one percent of the billionaire investor’s Apple holdings that account for nearly 30 percent of his portfolio.
Investors wanted to know if Apple might have pushed the envelope a little bit too far with current iPhone prices, here’s how Cook responded.
Apple has refreshed its webpage dedicated to investor relations with fresh information pertaining to its June quarter earnings call, which will be held at the end of this month.
Tim Cook spoke at length regarding succession planning, divisent distribution, Apple Pay success, and more at Apple’s annual shareholder’s meeting today.
Apple announced its second event at the Steve Jobs Theater.
It’s becoming more and more expensive for Google to remain the default search engine on iPhone, iPad and Mac.
Apple is scheduled to deliver financial results pertaining to its quarter ended June 30 on Tuesday, August 1.
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 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.
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 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.
