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Barclays downgrades rating on Apple stock due to maturing smartphone market, tells investors to 'step aside'
02/20/2014, 10:02 am
Shares of Apple stock slid Thursday morning after investment firm Barclays Capital lowered its rating on shares of the iPhone maker, saying it doesn't expect the stock to break out of its current trading range within the next year, and suggesting its performance could become comparable to that of rival Microsoft.
02/18/2014, 06:02 pm
Apple's efforts to take advantage of irrational stock dips in order to buy back its own shares at a discount has transferred billions of dollars from panicked speculators to its long term investors.
02/15/2014, 07:02 pm
Listening to the Google-enraptured tech media's echo chamber of fears, uncertainties and doubts about the world's most profitable and successful company, you'd never realize that there's an incredible bounty of low hanging fruit waiting for Tim Cook's Apple to harvest, and little but mobile scorched earth left behind Google.
02/14/2014, 03:02 am
Apple paid its shareholders another quarterly dividend on Thursday, although the total payout was reduced by millions due to billions of dollars worth of stock buybacks over recent quarters.
02/11/2014, 01:02 pm
The explosive growth of Apple's App Stores has made the company's iTunes unit one of the most valuable businesses in the world, driving more revenue than old warhorses like Xerox, CBS, and U.S. Steel.
02/10/2014, 09:02 am
Billionaire activist investor Carl Icahn on Monday dropped efforts push for Apple to spend the bulk of its considerable sum of cash on its own shares, citing recent stock repurchases by the company as "so close" to fulfilling his original goals.
02/09/2014, 08:02 pm
Well-known proxy advisory firm Institutional Shareholder Services on Sunday released a report recommending AAPL shareholders vote against a proposal from activist investor Carl Icahn, who wants Apple to repurchase $50 billion worth of stock.
02/07/2014, 03:02 pm
Apple shares are trading up nearly $10 after CEO Tim Cook revealed the company's recent $14 billion buyback and hinted at an entry into new markets, though Wall Street's reaction was not good enough for activist investor Carl Icahn.
02/06/2014, 08:02 pm
Apple CEO Tim Cook revealed on Thursday that the company has bought back some $14 billion worth of AAPL shares since an earnings call two weeks ago, saying the move is the biggest repurchase on record for such a short period.
02/05/2014, 05:02 pm
A behind-the-scenes quarrel between APPL shareholders Carl Icahn and the California Public Employees' Retirement System is becoming increasingly public as the two trade barbs over Apple's cash hoard.
02/05/2014, 01:02 pm
Next Thursday, Apple will pay "shareholders of record" the company's quarterly dividend of $3.05 per share, but investors needed to own the company's stock by the market's close today in order to qualify.
01/28/2014, 12:01 pm
With the share price of Apple dropping more than $40 in Tuesday morning trading following a disappointing earnings report, billionaire investor Carl Icahn announced he has bought another $500 million stake in the company.
01/28/2014, 09:01 am
Though Apple sold a record number of iPhones to finish 2013, exceeding 50 million in three months for the first time ever, total sales came in below investors' expectations. As a result, Wall Street analysts have expressed concern about future growth potential for the company's flagship product.
01/27/2014, 05:01 pm
Apple posted its best quarter ever on Monday, driven by its highest-ever iPhone and iPad sales, as well as one of the best Mac quarters ever. Following the company's earnings release, Apple executives took part in a conference call to discuss the quarter, and notes of interest follow.
01/27/2014, 04:01 pm
Apple on Monday announced its earnings for the company's first fiscal quarter of 2014, netting $13.1 billion in profit on $57.6 billion in revenue, driven by sales of 51 million iPhones and 26 million iPads -- the most ever sold in a single quarter.
01/27/2014, 11:01 am
This afternoon Apple will report earnings from the company's first fiscal quarter of 2014, and investors expect that the company will reveal record sales of its blockbuster iPhone and iPad product lines, with collective sales of both devices expected to top 80 million.
01/23/2014, 03:01 pm
Activist investor Carl Icahn revealed on Thursday that he just invested another $500 million in Apple, bringing his stake in the company to $3.6 billion. Coinciding with the announcement, he issued a new 7-page letter to investors encouraging them to vote in favor of his share buyback proposal.
01/22/2014, 11:01 am
Billionaire activist investor Carl Icahn took to his official Twitter account on Wednesday to reveal that he has purchased $500 million more shares of Apple stock in the last two weeks, and called his continued investment in the company a "no brainer."
01/22/2014, 10:01 am
Last fall's introduction of the iPad Air and iPad mini with Retina display may have helped sales of Apple's tablets achieve double-digit year-over-year gains, according to pre-earnings expectations from Wall Street.
01/20/2014, 10:01 am
With Apple set to report first quarter financial results next week, many Cupertino-watching analysts are predicting the company to have sold a record number of iPhones during the 3-month period that ended late December.