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.
01/15/2014, 03:01 pm
With the iPhone just days away from arriving on China Mobile, analysts' relief at the long-rumored deal's consummation is paired with curiosity about what concessions Apple may have made to strike an accord with the world's largest wireless carrier.
01/14/2014, 12:01 pm
Total iOS device sales may have reached 80 million units in the just-concluded December quarter, driven by particularly strong demand for the new iPhone 5s and iPad Air, sales surveys conducted by Canaccord Genuity suggest.
01/14/2014, 08:01 am
When Apple reports its holiday 2013 earnings in a few weeks, investors are likely to be focused on the future, analyst Gene Munster of Piper Jaffray believes, as the upcoming launch of the iPhone on China Mobile takes center stage.
01/10/2014, 08:01 am
While research firms Gartner and IDC have very different projections on how Apple's Mac lineup performed in the holiday quarter, both sides can agree on one thing: PC shipments continued to shrink over the holidays, as consumers once again opted for tablets over traditional computers.
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.
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.
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.
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.
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."
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.
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.