03/24/2014, 10:03 am
iTunes content and the App Store are projected to be key drivers of growth for Apple moving forward, with one new forecast calling for content and apps alone to account for 20 percent of profits by 2020.
03/19/2014, 11:03 am
With Apple making slight adjustments to its iPhone and iPad lineups this week, the new, cheaper device offerings are projected by one analyst to have only a minor effect on the company's bottom line.
03/11/2014, 11:03 am
Shares of Apple rose Tuesday morning after Pacific Crest upgraded its rating on the stock to "outperform," citing high expectations for the company's next iPhone, which the firm expects to sport a 4.7-inch display and $299 starting price tag.
03/06/2014, 04:03 am
According to a series of U.S. Securities and Exchange Commission filings on Wednesday, Apple awarded top executive leadership nearly 36,000 restricted stock units each, which at current prices would net over $19 million.
03/04/2014, 11:03 am
The announcement that Apple Chief Financial Officer Peter Oppenheimer will retire later this year, making way for Luca Maestri to take over the position, was not surprising to investors on Wall Street, who generally responded with confidence on Tuesday.
03/04/2014, 08:03 am
Peter Oppenheimer, senior vice president and chief financial officer of Apple, will retire from the company at the end of September, after spending 18 years with the Mac maker, it was announced on Tuesday.
03/03/2014, 08:03 am
Apple is quietly investing far more money to acquire talent, technology and production capacity than the market appears to realize, having liberally outspent even Google over the past year.
03/01/2014, 05:03 pm
Apple has acquired at least 23 firms over the last five quarters, but the purpose--and even the identity--of some of them remains a mystery. This is no accident.
Tim Cook to shareholders: iPhone 5s & 5c outpace predecessors, Apple bought 23 companies in 16 months
02/28/2014, 03:02 pm
Apple's chief executive Tim Cook sat alone onstage as he presided over the company's annual shareholder meeting, fielding questions and detailing various aspects of his company's business. Among the topics he discussed were sales of the latest iPhone models, Apple's pace of acquisitions, and the growth of Apple TV.
02/26/2014, 10:02 am
Institutional ownership of large-cap stocks is currently at high levels, but there is one glaring exception to that trend: Apple, which is currently at a five-year low among hedge funds, banks, mutual funds, and other powerful types of financial institutions.
Barclays downgrades rating on Apple stock due to maturing smartphone market, tells investors to 'step aside'
02/20/2014, 10:02 am
Shares of Apple stock slid Thursday morning after investment firm Barclays Capital lowered its rating on shares of the iPhone maker, saying it doesn't expect the stock to break out of its current trading range within the next year, and suggesting its performance could become comparable to that of rival Microsoft.
02/18/2014, 06:02 pm
Apple's efforts to take advantage of irrational stock dips in order to buy back its own shares at a discount has transferred billions of dollars from panicked speculators to its long term investors.
02/15/2014, 07:02 pm
Listening to the Google-enraptured tech media's echo chamber of fears, uncertainties and doubts about the world's most profitable and successful company, you'd never realize that there's an incredible bounty of low hanging fruit waiting for Tim Cook's Apple to harvest, and little but mobile scorched earth left behind Google.
02/14/2014, 03:02 am
Apple paid its shareholders another quarterly dividend on Thursday, although the total payout was reduced by millions due to billions of dollars worth of stock buybacks over recent quarters.
02/11/2014, 01:02 pm
The explosive growth of Apple's App Stores has made the company's iTunes unit one of the most valuable businesses in the world, driving more revenue than old warhorses like Xerox, CBS, and U.S. Steel.
02/10/2014, 09:02 am
Billionaire activist investor Carl Icahn on Monday dropped efforts push for Apple to spend the bulk of its considerable sum of cash on its own shares, citing recent stock repurchases by the company as "so close" to fulfilling his original goals.
02/09/2014, 08:02 pm
Well-known proxy advisory firm Institutional Shareholder Services on Sunday released a report recommending AAPL shareholders vote against a proposal from activist investor Carl Icahn, who wants Apple to repurchase $50 billion worth of stock.
02/07/2014, 03:02 pm
Apple shares are trading up nearly $10 after CEO Tim Cook revealed the company's recent $14 billion buyback and hinted at an entry into new markets, though Wall Street's reaction was not good enough for activist investor Carl Icahn.
02/06/2014, 08:02 pm
Apple CEO Tim Cook revealed on Thursday that the company has bought back some $14 billion worth of AAPL shares since an earnings call two weeks ago, saying the move is the biggest repurchase on record for such a short period.
02/05/2014, 05:02 pm
A behind-the-scenes quarrel between APPL shareholders Carl Icahn and the California Public Employees' Retirement System is becoming increasingly public as the two trade barbs over Apple's cash hoard.