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Topic: Investor

Notes of interest from Apple's Q1 2017 conference call

01/31/2017, 05:01 pm

Apple returned to growth and exceeded Wall Street expectations on Tuesday, when it reported record revenue, profits and iPhone sales for the first quarter of fiscal 2017. Following the news, the company held a conference call with media and analysts, and notes of interest follow.

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Apple smashes expectations: record setting $78.4B in revenue on sales of 78.3M iPhones

01/31/2017, 04:01 pm

Apple's holiday 2016 quarter was the company's biggest ever, soaring to new heights on sales of 78.3 million iPhones following the launch of the blockbuster iPhone 7 series.

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European Commission pleased with Apple's $14 billion tax bill payment progress, despite missed deadline

01/31/2017, 01:01 pm

Apple has missed the deadline to pay the 13 billion euros ($14 billion) the iPhone producer was ordered to pay Ireland in back taxes, but the European Commission is noting that progress is still being made by Apple to comply with its ruling.

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Earnings preview: Wall Street expects record $77.4B revenue in Apple's best quarter in history

01/31/2017, 11:01 am

After a period of declining sales, Apple is expected to have returned to growth in the holiday 2016 shopping season, riding high on the popularity of the new iPhone 7 series.

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OLED for 'iPhone X' could deal $50M hit to Apple's Q2 expenses, analyst says

01/30/2017, 09:01 am

Apple's widely-rumored decision to equip a 10th-anniversary iPhone with OLED could add approximately $50 million to incremental costs in the March quarter, eating slightly into profit margins, according to an analyst.

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Apple CEO Tim Cook sells another $3.6M in company stock

01/24/2017, 08:01 pm

Just days after cashing in a chunk of Apple shares worth $3.6 million, CEO Tim Cook sold another batch worth an almost identical amount in a series of trades this week, according to regulatory filings.

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Strong iPhone 7 Plus adoption seen boosting ASP, Apple's Dec. quarter results

01/24/2017, 12:01 pm

Though iPhone shipments could fall under Wall Street consensus for the December quarter, Apple's revenue from the product should be boosted by high consumer favor for Plus models, an analyst noted on Tuesday.

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India government said likely to reject tax, trade concessions for Apple manufacturing deal

01/24/2017, 11:01 am

The Indian government will probably reject Apple's requests for waiving taxes and duties on imports in exchange for setting up local manufacturing, reports claimed on Tuesday ahead of a Wednesday meeting between the company and government officials.

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EU ruling over $14 billion Apple tax bill could be overturned, suggests Irish tax advisor

01/24/2017, 09:01 am

The European Commission's order for Apple to pay Ireland 13 billion euros ($14 billion) in back taxes is an overreach of power, with PricewaterhouseCoopers' head of Irish tax matters Feargal O'Rourke claiming the move is tantamount to a "land grab."

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Investment firm BlackRock increases stake in Apple stock, now owns 6.1% of shares

01/20/2017, 01:01 pm

The world's largest asset management firm BlackRock has increased its holdings in Apple, with a regulatory filing revealing its total ownership in the company is now over 322 million shares, worth approximately $38.4 billion.

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Apple CEO Tim Cook receives $3.6M from small sale of 30,000 shares, weeks after $1.5M pay cut

01/20/2017, 12:01 pm

A small cache of 30,000 Apple shares were sold by Apple Chief Executive Tim Cook this week as part of a scheduled trading plan, with Cook receiving a total of $3.6 million from the company stock sale.

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Lion's share of Apple's revenue expansion after 'iPhone 8' expected from services growth

01/20/2017, 09:01 am

Given the Apple iPhone user base expansion, Apple's Services business led by the App Store is forecast to not only be the prime mover of Apple's income expansion, but also be the largest contributor to gross margin improvements as well.

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Morgan Stanley lowers 2017 iPhone 7 sales estimates ahead of next-gen 'supercycle'

01/17/2017, 08:01 pm

Investment bank Morgan Stanley expects Apple to see decreased iPhone 7 demand in the coming months as buyers anticipate this year's "iPhone 8" revamp, one model of which is expected to feature a drastic redesign and exotic technologies like an OLED display.

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Trump-proposed corporate tax reform predicted to have minor positive impact on Apple EPS

01/13/2017, 11:01 am

Given current speculation on tax reform in the U.S., analysts predict that with all other factors unchanged Apple will see a negative impact on its cash hoard because of a repatriation tax, and an increase on taxes paid to import manufactured goods from China, but an overall slight uptick on earnings per share as a result of all factors.

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Apple shareholder's meeting scheduled for Feb 28, nine proposals to be voted on

01/06/2017, 09:01 am

Apple notified the U.S. Securities and Exchange Commission that it will be holding its annual shareholder meeting at 9 a.m. Pacific on Feb. 28 to discuss proposals from the company's board of directors.

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Apple to reveal fiscal Q1 2017 results on Jan. 31

01/04/2017, 05:01 pm

Apple on Wednesday announced it will on Jan. 31 report quarterly earnings for the first fiscal quarter of 2017, revealing performance metrics for the new iPhone 7 series and the lucrative holiday shopping season.

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Apple confirms $1 billion investment into SoftBank's 'Vision Fund' for tech business growth

01/04/2017, 02:01 pm

Apple has confirmed its $1 billion investment in SoftBank's $100 billion SoftBank Vision Fund, of which, the upcoming Trump administration has claimed that $50 billion will be spent on U.S.-based businesses.

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Apple predicted to post best holiday quarter revenue ever on strong iPhone 7 sales

12/22/2016, 09:12 am

Apple could beat its quarterly record for revenue set at this time last year, on the strength of the iPhone, increased Mac sales, and services, one analyst believes. But that growth could also be at the cost of 2017 expansion and a soft "iPhone 8" demand.

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Apple loosens shareholder rules for nominating independent board candidates

12/16/2016, 11:12 am

Apple is making it easier for shareholders to nominate independent candidates for election to its board of directors, although the company is still maintaining some tough limits, a report said on Friday.

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Apple first went public 36 years ago today: now up 18,492 percent

12/12/2016, 05:12 pm

On December 12, 1980, Apple Computer Inc. went public in an Initial Public Offering that sold 4.6 million shares at $22 each, generating more capital than any other IPO since Ford Motor Company in 1956 and instantly creating 300 millionaires.

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