03/06/2013, 10:03 am
By most metrics, Apple is surging, with record sales and insatiable consumer demand, but it is Google that has become Wall Street's latest stock darling, even as shares of Apple have declined.
03/05/2013, 03:03 pm
Shares of Apple stock recently hit a 52-week low, but analysts at Goldman Sachs are still very optimistic about the company's fortunes, with one analyst saying AAPL is the most undervalued stock the firm covers.
03/05/2013, 01:03 pm
Apple has bested most all of its competitors and is widely acknowledged to make some of the highest quality products in the world, but now a new report says the tech giant will have to adjust to its new role as an industry heavyweight, a change from its traditional underdog status.
03/04/2013, 09:03 am
Berkshire Hathaway chief and respected investor Warren Buffet believes Apple should use its cash pile to buy back more stock while it's at a depressed value, comparing it to buying dollar bills for 80 cents.
03/01/2013, 12:03 pm
After making waves with a lawsuit and public push for Apple to issue preferred stock, Greenlight Capital withdrew its complaint from court on Friday.
02/27/2013, 10:02 pm
With Apple's shareholders meeting a wrap, buzz returns to the company's growing $137 billion cash hoard, which one analyst believes will play a vital role in what could be a trying two-year period for the tech giant.
Apple shareholders reelect board, reject outside proposals on stock retention & human rights committee
02/27/2013, 12:02 pm
The voting portion of Apple's shareholder meeting went as expected on Wednesday, with investors opting to reelect the company's board of directors, while also rejecting outside proposals related to executive stock retention and the forming of a human rights committee.
02/26/2013, 06:02 pm
Apple shares reversed intraday losses and gained slightly after hedge fund manager Doug Kass tweeted a rumor of Apple announcing a stock split at tomorrow's shareholder meeting. However, Kass subsequently sold on the run up and then disavowed the rumor as impossible and unlikely to actually happen.
02/22/2013, 08:02 am
Morgan Stanley analyst Katy Huberty recently met with Apple Chief Financial Officer Peter Oppenheimer, and came away with the impression that Apple will likely increase cash return to shareholders, and potentially release a lower priced iPhone to maintain growth.
02/21/2013, 03:02 pm
Ahead of Apple's annual shareholder meeting, Greenlight Capital presented its sales pitch to investors for Apple to offer preferred stock shares — or, as hedge fund manager David Einhorn referred to them, "iPrefs."
02/21/2013, 09:02 am
Apple now has a chance to reverse recent losses and boost its share price by providing even more of its cash reserves to investors, one analyst believes.
02/21/2013, 01:02 am
After being the number one hedge fund pick for three years in a row, AAPL has been replaced by insurance giant AIG, says Goldman Sachs, with the Cupertino, Calif., company dropping to third place.
02/19/2013, 12:02 pm
Samsung's recent successes are an "issue" for Apple that the company must promptly address by expanding the market for the iPhone, one analyst believes.
02/14/2013, 04:02 pm
Disclosure documents filed today with the Securities and Exchange Commission clarify that Apple's falling stock price over the winter quarter was tied to the widespread selloff of over a million shares by just seven large hedge funds.
02/13/2013, 10:02 pm
Apple will pay shareholders its third dividend tomorrow, distributing roughly $2.5 billion at $2.65 per share across the company's 939 million outstanding shares.
02/13/2013, 04:02 pm
A second investor has joined David Einhorn in challenging the vote on Apple's proposals before shareholders later this month.
02/12/2013, 12:02 pm
Speaking at the Goldman Sachs Conference, Tim Cook defended Apple from a whisper campaign that's seeding the idea the company is out of ideas and soon won't be able to continue to compete.
02/12/2013, 11:02 am
The first question Tim Cook faced at the Goldman Sachs Conference: Apple's massive pile of cash, what it planned to do with it and what Cook thinks of David Einhorn's Greenlight Capital lawsuit over Apple's upcoming proposal in now in front of shareholders.
02/12/2013, 10:02 am
Speaking at Goldman Sachs' Technology and Internet Conference on Tuesday, Apple CEO Tim Cook pointed to the company's "deliberate, thoughtful" mantra as a reason it doesn't typically acquire large companies but admitted it's not opposed to such purchases if the right one comes along.
02/11/2013, 12:02 pm
A last minute change to the keynote speaker lineup for Goldman Sach‘s tech conference on Tuesday has Apple CEO Tim Cook speaking as the U.S. stock market opens for trading rather than during his initially-scheduled slot following market close.