2009/22/01, 01:01 pm
While Wall Street analysts are generally reacting favorably to Apple's strong first quarter results, a select few broke from the pack with one very positive reaction and one rather negative, along with two predictions that the iPhone line will see some new additions in 2009.
2009/21/01, 06:01 pm
Despite rough economic conditions in the US that are hitting the retail sector particularly hard, Apple released record shipments of iPods and claimed the second-highest quarter of Mac sales in the company's history, thanks to strong international growth, retail strength, new MacBooks, and diversification from Apple's core business.
2009/21/01, 05:01 pm
Apple is holding a conference call to discuss the results of its first fiscal quarter for 2009, a record quarter for earnings and revenues despite a much harsher world economy. Notes for its performance during the quarter and for the call follow.
2009/21/01, 09:01 am
Analysts polled by Thomson Financial expect Apple to report earnings of $1.38 in EPS on $9.74 billion in revenue when the company releases its results shortly after the close of trading this afternoon.
2009/20/01, 09:01 am
Sales of Apple's Mac and iPod products bounced back last month following a disappointing November, helping the company's performance in those segments pull slightly ahead of Wall Street's consensus estimates for the December quarter.
2009/16/01, 11:01 am
The Royal Bank of Canada cut its price target on shares of Apple friday to $70 from $125 and also downgraded the stock to 'Underperform' on concerns of reduced earnings growth as well as uncertainty about the company's leadership.
2009/15/01, 09:01 am
While many are wishing Steve Jobs a speedy recovery, members of the legal and investment communities believe his disclosure Wednesday will inevitably open Apple to lawsuits from shareholders unhappy with the recent secrecy over his uncertain health.
2009/10/01, 03:01 pm
Apple investors are being asked to vote on a series of proposals related to political contributions, health care, sustainability, and compensation prior to the annual shareholder's meeting, which will be held at the Apple campus on February 25, 2009.
2008/17/12, 11:12 am
Even as it's besieged by a weak world economy, Apple is expected to bounce back with new iMacs at the start of 2009 and to launch the iPhone in China soon afterwards.
2008/16/12, 01:12 pm
A pair of Wall Street analysts tightened their estimates for Apple's 2009 fiscal year on Tuesday, citing softening demand for Macs in the United States and weaker than expected iPhone growth in Europe.
2008/15/12, 02:12 pm
Shares of Apple slipped about 4 percent Monday after investment bank Goldman Sachs removed the company from its buy list for the first time in more than two years, citing concerns over consumer spending and a belief that Macworld Expo will not see the company embark on a major new product initiative.
2008/04/12, 10:12 am
Investment bank Piper Jaffray said Thursday that weakness in consumer spending will bite into PC sales next year, including Apple's, leading the firm to cut its 2009 sales estimates for the Mac maker along with the broader market.
2008/26/11, 10:11 am
Investment firm Kaufman Bros. said Wednesday it believes Apple is preparing to offer its deepest Black Friday discounts ever, but said the move has been accounted for in the company's guidance and will be largely offset by falling commodity costs.
2008/25/11, 06:11 pm
Even as many home buyers recently suddenly became shy about buying Apple computers in mid-year, small businesses just as quickly took to Macs -- to the point where Apple's market share in that field grew three times larger almost overnight.
2008/25/11, 09:11 am
Piper Jaffray analyst Gene Munster on Tuesday issued one of his trademark reports to address a number 'unanswered questions surrounding the Apple story,' such as when the company plans to next update its iPhone and the prospects for an Apple netbook.
2008/24/11, 07:11 pm
Investors returned to Apple shares in force on Monday and sent the stock climbing a massive 12.5 percent after reports said Apple was likely to profit on a wave of converts to its new aluminum MacBooks.
2008/17/11, 11:11 am
After spending 25 hours counting sales of iPhones and Macs at Apple's US-based retail chain, investment bank Piper Jaffray said it believes the company this quarter could meet or beat last quarter's record 2.6 million Mac sales total while again selling more than 6 million iPhones.
2008/13/11, 10:11 am
Four months ago, the analyst consensus estimate for 2009 had Apple earning $6.36 in EPS on approximately $40 billion in revenue. Since that time, the economy has gone through a major financial crisis, which has led many analysts to revise their estimates down quite dramatically.
2008/30/10, 08:10 am
As the U.S. equity markets continue the long process of making a bottom in what is now consider to be one of the worst bear markets in history, tech investors should begin to shift their focus on a comparative valuation analysis of the leaders in the tech industry.
2008/28/10, 10:10 am
Now that Apple has reported its earnings for the full 2008 fiscal year, it’s important for investors to focus on how Apple would have performed if it fully recognized the revenue and earnings from its sales of the iPhone.