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Topic: Investor

Building a cheap iPhone would be an 'insane idea' for Apple, Needham says

01/08/2014, 08:01 am

It would be "impossible" for Apple to successfully build a cheap iPhone without doing lasting damage to the company's highly profitable and successful smartphone brand, analyst Charlie Wolf of Needham & Company believes.

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Wall Street's 'love affair' with iPhone unit sales, and not Apple's ecosystem, seen as misguided

01/07/2014, 03:01 pm

Investors place too great an emphasis on Apple's total iPhone unit sales every quarter, without giving enough consideration to the company's transition to greater monetization of its unique ecosystem of services, one analyst believes.

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Apple's fiscal Q1 earnings call scheduled for Jan. 27

01/06/2014, 05:01 pm

Apple on Monday announced that it will reveal results for its first fiscal quarter of 2014 on Jan. 27, which will be followed by an earnings conference call expected to cover holiday season sales performance and more concrete numbers for the iPhone 5s and 5c, as well as the iPad Air and Retina iPad mini.

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With Apple shareholder proposal pending, Carl Icahn turns his attention to Hertz

01/03/2014, 03:01 pm

Activist investor Carl Icahn, who has a history of using his money and power to influence publicly traded companies and most recently made Apple one of his targets, is now setting his sights on Hertz, buying as many as 40 million shares in the rental car company.

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Analysts divided on Apple: Cantor calls it a 'top pick,' Wells Fargo downgrades citing margins

01/02/2014, 08:01 am

A pair of Wall Street analysts have come to very different conclusions on Apple stock for the start of 2014, as Brian White of Cantor Fitzgerald gave an enthusiastic recommendation for the iPhone maker, while Maynard Um of Wells Fargo downgraded AAPL shares from "outperform" to the status of "market perform."

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Preliminary Apple proxy filing details Carl Icahn's $50B stock buyback plan up for shareholder vote

12/27/2013, 05:12 pm

Apple on Friday posted its preliminary proxy statement with the U.S. Securities and Exchange Commission, which included, among other operating necessities, details of a $50 billion stock repurchase proposal submitted by Carl Icahn.

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Apple's China Mobile deal expected to add 5% to revenue in 2014

12/23/2013, 02:12 pm

Shares of Apple stock surged more than 3 percent on Monday, after news broke that the company has reached a long-awaited deal to begin selling the iPhone in January through China Mobile, the world's largest wireless provider.

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Shares of Apple dip on lack of China Mobile deal, supplier's disappointing earnings

12/18/2013, 11:12 am

A pair of negative news bites related to Apple hit on Wednesday, potentially explaining why shares of the company dipped nearly 2 percent in morning trading.

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Evercore increases Apple price target to $700, citing momentum from new iPads & iPhones

12/13/2013, 10:12 am

As shares of Apple continue to trade higher, Evercore Partners on Friday upped its price target for AAPL stock to $700, citing what the firm called "rejuvenated momentum" seen from recent iPhone and iPad product refreshes.

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Apple, Inc. stock IPO created 300 millionaires 33 years ago today

12/12/2013, 06:12 pm

Apple's initial public offering on December 12, 1980 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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Apple's iPhone 5s remains 'by far the top selling smartphone'

12/12/2013, 11:12 am

Apple continues to dominate smartphone sales with their flagship iPhone 5s and mid-range iPhone 5c as the handsets took two of the top three sales slots at every major U.S. wireless carrier for the third month in a row.

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Carl Icahn files Apple shareholder proposal seeking increase in share buyback program

12/04/2013, 03:12 pm

Billionaire investor and financial activist Carl Icahn has filed a shareholder proposal with Apple, seeking support for spending even more of the company's cash reserves on its own shares.

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Apple, Inc. valuation passes $500 billion, half the market cap imagined last year

12/02/2013, 01:12 am

Despite reaching a new peak share price for 2013 that pushed Apple's market capitalization above $500 billion, the company's valuation remains where it was in the spring of 2012, at a time when analysts were predicting Apple's market cap would soon double.

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Apple stock closes above $550, breaks into positive territory for the year

11/29/2013, 05:11 pm

At the close of Friday's trading on the NASDAQ exchange, Apple's stock settled at $556 --up 10 points on the day -- marking the first time that shares of the iPhone maker have closed above $550 this year.

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Apple, Inc. stock breaks $545 barrier as Samsung calls 'Crisis Awareness' meeting

11/27/2013, 05:11 pm

Apple continued to climb in trading today, closing at $545.96 and reaching a market cap of $491.22 billion as its chief rival Samsung plans for "Crisis Awareness" meeting involving 600 management staff members.

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Apple, Inc. stock closes at $533, highest point since start of 2013

11/26/2013, 06:11 pm

Apple stock closed up nearly 2 percent today, reaching $533.40 for the highest close since the first days of January.

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Hedge fund manager David Einhorn still thinks Apple should do more with its cash

11/21/2013, 04:11 pm

Though he is no longer suing Apple over its massive amount of cash and reserves, hedge fund manager David Einhorn still spoke out on the issue on Thursday, stating he still does not believe the company is doing enough for investors.

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Former trader sentenced to 30 months in prison for fraudulent $1B AAPL purchase

11/19/2013, 07:11 pm

A Connecticut court on Tuesday sentenced former trader David Miller to 30 months in prison for enacting and conspiring on an unauthorized purchase worth $1 billion of Apple stock.

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Carl Icahn says he'd 'never' push Apple to buy Nuance, only wants increased share buyback

11/19/2013, 12:11 pm

Though billionaire Carl Icahn owns considerable stakes in both Apple and Nuance Communications, the investor revealed this week he has no plans to push for a marriage between the two companies, despite their existing partnerships.

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Apple reported to buy Israeli 3D sensor firm PrimeSense for $345 million

11/17/2013, 12:11 pm

Building on rumors from July, an Israeli financial journal has reported that Apple "finalized the purchase details" on a plan to pay $345 million to acquire 3D motion and machine vision firm PrimeSense.

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