11/01/2010, 07:11 pm
Morgan Stanley analyst Katy Huberty described China as an "unappreciated" potential growth driver for Apple, setting a $375 "base case" target for the company's stock and a "bull case" scenario where Apple shares could reach $500 by next fall.
10/28/2010, 07:10 pm
This summer Apple only approached Microsoft in revenues, but in the fall quarter, the iPhone maker has handily beat its partner and rival after reporting a new record of $20.34 billion in revenues compared to Microsoft's $16.20 billion for the fall quarter.
10/28/2010, 10:10 am
Reaction to the gross margins forecast in Apple's annual 10-K filing this week has been unnecessary, as the numbers are no different than those presented earlier this month during the company's quarterly earnings call, Wall Street analysts have noted.
10/27/2010, 08:10 pm
In a filing with the SEC, Apple reiterated earlier statements that new products such as the iPad and MacBook Air will likely drive its gross margins down for the fiscal year 2011.
10/19/2010, 04:10 pm
Apple Chief Executive Steve Jobs hinted this week that his company is eyeing a few major acquisitions with its massive $51 billion in cash, with just "one or more" deals possible in the near future, rather than a spending spree.
10/19/2010, 08:10 am
Apple's record-breaking quarterly results -- particularly a surge in iPhone sales -- impressed analysts on Wall Street this week, even though gross margins and iPad sales did not meet expectations.
10/18/2010, 05:10 pm
Apple on Monday reported another record quarter, achieving $4.46 billion in profit thanks in part to a whopping 14.1 million iPhones sold. Following the news, Apple executives conducted a financial conference call with analysts and the press, and notes of interest follow.
10/18/2010, 07:10 am
As the market grinds higher in anticipation of a second round of quantitative easing (QE2), all eyes are on Apple as the company sets to report fiscal earnings for its fourth fiscal quarter of 2010 on Monday after the bell.
10/15/2010, 01:10 pm
Financial experts at the Royal Bank of Canada are out with a bullish report on Apple friday, saying they expect the company to report next week a blowout quarter in which sales exceeded $20 billion and include the sale of a record 13.5 million iPhones.
10/15/2010, 08:10 am
Apple, which will disclose earnings for its fourth fiscal quarter of 2010 on Monday, is expected to report profits in-line with Wall Street's estimates but may face trouble besting those predictions with its usual degree of flair due to shortages of two of its hottest products throughout the quarter.
10/13/2010, 09:10 am
Apple stock rose roughly 1% in pre-marketed trading Wednesday to a new all-time high, surpassing the $300 milestone for the first time in the company's history.
10/12/2010, 10:10 am
British investment bank Barclays Capital on Tuesday raised its price target on shares of Apple by more than 10% to $385 per share, citing strength in all four of the company's core product segments and expectations it will build a network of 150 million FaceTime-enabled devices over the next two years.
10/08/2010, 08:10 am
With Apple's Oct. 18 quarterly earnings report approaching, one Wall Street analyst expects the iPhone maker to issue a "blowout" report, noting the company is "not too big" to surprise investors with sales of 12 million or more iPhones.
10/07/2010, 02:10 am
Citing strong sales momentum for the iPad and iPhone, J.P. Morgan raised its revenue estimates for Apple's fourth fiscal quarter of 2010 from $18.13B to $18.71B, reiterating the company's price target of $400 by December 2011.
10/06/2010, 07:10 pm
The lead plaintiff for the class-action lawsuit against Apple for alleged stock-option backdating announced that a settlement of $16.5 million has been reached.
10/04/2010, 11:10 am
Apple stock could hit $430 in the next year, propelled in the near future by an anticipated strong holiday sales season, one Wall Street analyst believes.
10/01/2010, 09:10 pm
Apple has lost a patent case against its Cover Flow and Time Machine interfaces, despite some of the infringement charges from claimant Mirror Worlds being ruled invalid.
09/28/2010, 02:09 pm
A two-week-old rumor that Apple Chief Operating Officer Tim Cook could leave for rival HP caused concern among shareholders on Wall Street Tuesday.
09/23/2010, 04:09 pm
Apple on Thursday overtook PetroChina Co. in terms of market value, making the Cupertino, Calif., company the second-largest company in the world.