Former Apple exec accused of insider trading goes free on $500K bond
Apple's former senior director of corporate law, Gene Levoff, has been temporarily released on a $500,000 bail bond while he awaits trial for insider trading.
Apple's former senior director of corporate law, Gene Levoff, has been temporarily released on a $500,000 bail bond while he awaits trial for insider trading.
Legendary investor Warren Buffett reduced his position in Apple to 249.6 million shares as of Dec. 31, with the reporting period ending just days before the tech giant announced it would miss first quarter revenue guidance due to sluggish iPhone sales.
Actions to revive Chinese iPhone sales aren't having much luck, at least not so far, but the next two months are more important if there is going to be a short-term turnaround in the country.
The U.S. Securities and Exchange Commission has charged Apple's former director of corporate law, Gene Levoff, with insider trading based on his knowledge of corporate performance.
One of Apple's greater revenue threats is the increasing likelihood that iPhone owners will hold onto old models rather than spend ever-higher amounts on upgrades, according to a new analyst memo.
The audience for iPhone is continuing to grow in the United States, albeit at a slower rate, research suggests, with the install base for Apple's smartphone reaching 189 million units in the last quarter of 2018, an increase of 23 million on the same quarter in 2017.
Apple on Wednesday reclaimed the crown of most valuable company in the U.S., hitting an $821.59 billion market cap as shares climbed to $174.24 at the end of trading.
To boost Services revenue, Apple should use its cash hoard to try to buy video streaming giant Netflix or video game publisher Activision despite neither being for sale, says analysts with J.P. Morgan.
Morgan Stanley's Katy Huberty suspects that a comprehensive media bundle including Apple's video offering and a rumored News subscription service will continue to drive Services forward, and return the company to a $1 trillion valuation.
Early analyst reactions are all over the place after Tuesday's results call, in which Apple reported $84.3 billion in revenue for the December quarter, more than it expected in its early-January revision, but less than it predicted for the quarter in November.
Apple's financials for the holiday quarter were lower than the company intended going into fiscal year 2019, but while issues in China caused revenue to dip, the rest of the figures suggest there is far less to worry about, and in the case of Services and other elements, areas to be happy about.
Apple's December-quarter results call was "dysfunctional," but not from Tim Cook's and Luca Maestri's side because analysts didn't know how to react when they learned that the numbers weren't as bad as feared, according to the host of CNBC's "Mad Money," Jim Cramer.
Strategy Analytics estimates Apple's iPhone shipments during the October-December quarter to be around 66 million, a sharp decline from the previous year.
During Apple's quarterly conference call, the iPhone maker reported its highest quarterly music revenue ever thanks largely to Apple Music, while its overall services business grew leaps and bounds.
Following the publication of its first fiscal quarter of 2019 results, encompassing the holiday season, Apple provided additional detail surrounding the decline of sales in China, as well as more information about the Services business in an earnings conference call.
Apple's revenue for the first quarter of the 2019 fiscal year reached $84.3 billion, just as the company advised earlier in January in a revised down forecast, financial results revealed on Tuesday, with earnings per share increasing year-on-year to $4.18.
Anxiety is mounting over Apple's December-quarter financial results, which will be officially revealed on Tuesday following a $5 billion-plus revenue downgrade to $84 billion earlier this month. Here's what some analysts are predicting.
iPhone sales will continue to be weak in the first half of 2019, but should at least flatten out in the second half and help beat Wall Street consensus, TF Industries analyst Ming-Chi Kuo said in a memo seen by AppleInsider.
Apple shares closed at $157.76 on Friday, reclaiming nearly all of the valuation that the company lost following a bombshell guidance downgrade made on Jan. 2.
Apple has faced profound challenges in the past from powerfully entrenched adversaries that once looked like they might derail the company's advancement, including Microsoft, Nokia, Google, Motorola, and Samsung. But today, with no real competitors standing in its way, will Apple's premium-priced trajectory get knocked out of alignment by a recession in China and global aftershocks? Here's a look at Apple's future informed by its recent past.
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