04/21/2011, 02:04 am
Wall Street was impressed with Apple's record earnings for the second quarter of fiscal 2011 on Wednesday, as one analyst calling the company a "magical growth story" and several firms raised their revenue estimates for future quarters.
04/20/2011, 05:04 pm
Apple on Wednesday reported its best second quarter ever, with $24.67 billion in revenue and $5.99 billion in profit, propelled by sales of 18.65 million iPhones. Following the news, Apple executives participated in a conference call with analysts and the press, and notes of interest follow.
04/20/2011, 04:04 pm
Apple said Wednesday that second-quarter profits rose nearly 95 percent to $5.99 billion, or $6.40 per diluted share, on record iPhone and non-holiday quarter sales of $24.67 billion for the three-month period ended March 26, 2011.
04/12/2011, 08:04 am
Apple is once again predicted to exceed expectations in its upcoming quarterly earnings call, with one analyst forecasting sales of 7 million iPads and 17 million iPhones in the second quarter of fiscal 2011.
04/05/2011, 10:04 am
Apple will be negatively impacted by the decision to re-weight its stock on the Nasdaq-100 Index, but the company's fundamentals remain strong, presenting a buying opportunity for investors.
04/05/2011, 02:04 am
Apple stock could see heavy trading on Tuesday after the Nasdaq stock exchange announces its plan to reduce Apple's portion of the Nasdaq-100 index from 20 percent to 12 percent during an adjustment that will increase the weighting of rivals Google and Microsoft.
03/17/2011, 02:03 pm
Posing the question of whether Apple is the "most valuable company in the world," Credit Suisse on Thursday initiated coverage of the iPad maker with a $500 price target, saying it believes Apple is well positioned to command a majority share of a booming tablet market expect to grow to $120 billion over the next four years.
03/17/2011, 08:03 am
The March 11th tsunami that has devastated Japan is expected to create shortages of Apple's most popular products for the remainder of the month and through next quarter, as at least two of the company's core component suppliers in the region have temporarily shut down operations to assess damages.
03/16/2011, 02:03 pm
A suggestion that slow growth at manufacturer Foxconn could be a bad sign for Apple has been called out by one financial institution, which instead asserts that the connection between the two companies is limited.
03/16/2011, 08:03 am
A "notable" slowdown in manufacturing at Apple's overseas partner Foxconn has been viewed as a potential issue for the iPad maker, and may result in less availability of products.
03/11/2011, 09:03 pm
Piper Jaffray analyst Gene Munster increased his first day sales estimate for the iPad 2 to an upper range of 500,000 units after initial demand surpassed his expectations, with some Apple retail stores drawing 104 percent longer lines than last year's launch.
03/09/2011, 01:03 am
According to one Wall Street analyst, Apple's soon-to-be-released iPad 2 could burst a bubble for competitors who are hoping to capitalize on the growing tablet market but remain unable to catch up.
03/02/2011, 11:03 pm
Wall Street analysts reacted positively to Apple's unveiling of the iPad 2 on Wednesday and remained optimistic about the company's continued ability to lead the tablet market, though they viewed the refresh as mostly "evolutionary."
02/23/2011, 03:02 pm
Apple shareholders met at the company's Cupertino, California headquarters today to vote on six proposals and voice questions directed at Apple's executive team, followed by comments and a question and answer session handled by the company's chief operations officer Tim Cook.
02/11/2011, 09:02 pm
AT&T is offering 1000 rollover minutes to loyal customers in hopes of staving off defections to the Verizon network, and an Apple shareholder voting proposal calling for a majority vote to reelect board members has gained support from three prominent advisory services. Also, a new carrier tracking service estimates Verizon iPhone network traffic already accounts for more than 3 percent of all US iPhone-based traffic.
02/07/2011, 09:02 am
Needham & Company on Monday increased its price target for Apple to $450, citing "materially higher" sales of iPhone and iPad than were originally forecast.
02/07/2011, 08:02 am
While investors attempt to strongarm Apple's board of directors into publicizing their CEO succession plan, a recent survey found that just 35 percent of companies have drafted such a plan.
02/03/2011, 04:02 pm
Concerns over the health of Apple Chief Executive Steve jobs has prompted Institutional Shareholder Services to support a shareholder proposal to require Apple to disclose a CEO succession plan.
01/24/2011, 11:01 am
Concerns about the health of Apple Chief Executive Steve Jobs have caused the company's stock to take a hit, even as it reported record earnings last week. The news has left Apple's stock vastly undervalued, according to one Wall Street analyst, who has a price target of $550.
01/20/2011, 01:01 pm
The former chairman of the U.S. Securities and Exchange Commission has said he believes that Apple has publicly disclosed enough information about the health of its chief executive, Steve Jobs.