01/24/2013, 02:01 am
An after-hours sell off of Apple shares resulted in the company's effective market capitalization falling to $436 billion, just over three times the size of its growing cash reserves, now worth $137 billion.
01/23/2013, 07:01 pm
Despite posting a profit of more than $13 billion on record first quarter revenue of $54.5 billion, shares of Apple bled more than 10% of their value in after-hour trading on Wednesday as investors -- spooked by a hard miss on Mac sales and lack of earnings growth -- ran for cover.
01/23/2013, 05:01 pm
For the first fiscal quarter of 2013 Apple sold 47.8 million iPhones, nearly 11 million more than the 37 million over the same period in 2012.
01/23/2013, 05:01 pm
Apple on Wednesday released its earnings for the first quarter of the 2013 fiscal year, revealing a precipitous drop in both revenue and shipments for Macs, a sector that once made up the core of the company's business.
01/23/2013, 05:01 pm
Apple on Wednesday reported record sales of its iPhone and iPad lineups, along with record revenue, but sagging Mac sales and unmet Wall Street expectations dinged the company. Following its earnings report, the company held a conference call with investors and members of the media, and notes of interest follow.
01/23/2013, 04:01 pm
Apple announced Wednesday a profit of $13.1 billion, or $13.81 per diluted share, on record quarterly revenue of $54.5 billion for the three-month period ended December 29th, 2012.
01/22/2013, 03:01 pm
Apple is in a position to work some of its "magic" during this week's quarterly earnings conference call, which could erase the negative sentiment that his surrounded the company's stock for months.
01/21/2013, 09:01 am
Apple this Wednesday is expected to report record iPhone and iPad sales from the 2012 holiday season. But as investors are uncertain about the company's future, all eyes will be on CEO Tim Cook to ease those concerns.
01/18/2013, 12:01 pm
With 2013 off to a tough start for Apple stock, one analyst attempted to ease investor concerns on Friday, noting that comparisons to a strong 2012 will begin to ease as the year goes on.
01/17/2013, 10:01 am
The 2012 holiday season was a blockbuster quarter for the iPhone 5, but iPad sales may have been lighter than expected because of supply issues, according to one analyst.
01/16/2013, 05:01 pm
Researchers at Piper Jaffray expect that Apple will reveal during its quarterly conference call next week that it sold some 50 million iPhones for the quarter ending in December, five million more units than the firm previously estimated, while Topeka Capital Markets sees positive indicators for AAPL and set a price target of $1,111 for the stock.
01/15/2013, 11:01 pm
Contrary to rumors of significant shortfalls, Apple will post positive results for the fourth quarter of 2012 as strong iOS device shipments more than made up for iPad mini and iMac supply chain issues, one market analyst says.
01/15/2013, 05:01 pm
Apple filed with 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. 27 to discuss proposals from the company's board of directors.
01/14/2013, 08:01 am
Shares of Apple stock dipped below $500 in early trading Monday morning, as investors reacted to new reports claiming the company had made significant cuts to iPhone 5 orders.
01/11/2013, 04:01 pm
Ahead of its holiday quarterly earnings report, Apple finds itself in a situation the company hasn't encountered in awhile: investor expectations for the next year are surprisingly low.
01/10/2013, 07:01 pm
Preliminary PC shipment estimates released on Thursday from market research firm IDC show an overall contraction of 4.5 percent year-over-year in the fourth quarter of 2012, and Apple followed suit with a 0.2 percent negative growth rate.
01/04/2013, 03:01 pm
Growth in the tech sector is expected by one analyst to remain "muted" this year, leaving Apple once again as one of the best ideas for investors to consider.
01/03/2013, 08:01 am
Upside to market consensus on Apple is expected from one Wall Street analyst, who sees a big holiday quarter for both the iPhone 5 and iPad mini.
01/02/2013, 05:01 pm
Apple announced on Wednesday that it will reveal results for the first fiscal quarter of 2013 on Jan. 23, which will be followed by an earnings conference call expected to cover initial statistics for the holiday season as well as performance numbers for the iPad mini.
01/02/2013, 10:01 am
A new year could mean a fresh start for Apple's stock, which took a 25 percent hit to close out 2012 but is predicted by one analyst to rebound strongly while uncertainty surrounds the rest of the tech market.