02/01/2016, 05:02 pm
After beating Wall Street expectations for the fourth quarter of 2015, Google umbrella company Alphabet usurped Apple as the most valuable company in the world on Monday in after hours trading.
01/27/2016, 11:01 am
Though Apple had a respectable December quarter, the company's outlook for the following three months calls for iPhone sales to decline for the first time ever. Analysts on Wall Street responded by trimming their price targets, though most still believe investors should buy in.
01/26/2016, 05:01 pm
Apple's biggest quarter ever was something of a mixed bag for the company -- it sold more iPhones than ever, but the company also expects revenues to fall next quarter. Following the announcement of its first quarter of fiscal 2016 results, executives from the company participated in a conference call with analysts and the media, and notes of interest follow.
01/26/2016, 04:01 pm
The 2015 holiday shopping season was the biggest quarter in Apple's history, with profits of $18.4 billion earned thanks to yet another record performance for the iPhone.
01/26/2016, 12:01 pm
Apple this afternoon is expected to reveal that it just concluded its biggest quarter in the company's history, with Wall Street watchers projecting an average of $76.5 billion in revenue from the holiday period.
01/26/2016, 09:01 am
Apple Australia recorded a gross tax rate of slightly more than 1 percent in 2015, Australian government records indicate, focusing attention once again on the iPhone maker's international tax strategy.
01/22/2016, 04:01 pm
Shares of AAPL closed above $100 on Friday, as investors bought in ahead of earnings and once again returned the iPhone maker's stock to three-digit territory.
01/20/2016, 02:01 pm
Investment firm UBS believes Apple sold a record number of iPhones during the just-concluded December quarter, but that fewer customers opted for Apple's high-end models when compared to a year prior, based on new market research.
01/14/2016, 03:01 pm
A measure coming up for voting by Apple shareholders asks Apple to explore options for achieving net-zero greenhouse gas emissions -- for both its own operations and major suppliers -- by 2030.
01/12/2016, 03:01 pm
Bank of America Merrill Lynch upgraded Apple stock from "Neutral" to "Buy" on Tuesday, with an analyst at the firm suggesting that any worries about channel or supply chain checks are already factored into share prices.
01/12/2016, 12:01 am
Ahead of Apple's upcoming quarterly earnings report, investment firm Piper Jaffray lowered iPhone shipment estimates to 55 million units for the current quarter, but maintains AAPL is the year's top stock pick.
01/11/2016, 08:01 am
As shares of Apple remain under $100 after recent losses, Brean Capital is standing by its $170 price target, predicting the iPhone will outperform lowered Wall Street expectations in 2016.
01/07/2016, 10:01 am
Wall Street's pessimistic view of the iPhone's future continues to drag Apple stock downward, as shares of the Cupertino company opened trading below $100 for the first time in more than a year on Thursday.
01/07/2016, 09:01 am
RBC Capital Markets on Thursday became the latest investment firm to cut its estimates for Apple, joining the chorus of concerns that Apple could post its first-ever year over year decline in iPhone sales.
01/06/2016, 10:01 am
The price of of Apple stock has been driven lower by concerns over demand for the iPhone 6s lineup, dropping near $100 per share in early trading on Wednesday as investment firm Wells Fargo Securities cut its own outlook, predicting a short-term "road bump" before a return to growth.
01/05/2016, 06:01 pm
While reporting that Apple could cut supplier orders for new iPhone 6s models by "30 percent," Japanese business newspaper Nikkei has characterized the move as "inventory adjustment" while adding that other iPhone models "have continued to sell."
01/05/2016, 05:01 pm
Deviating from a bandwagon of media reports interpreting recent supply chain rumors as a harbinger of iPhone's first year-over-year sales contraction, PiperJaffray analyst Gene Munster believes production estimates have little to do with final reported sales. For a more accurate representation, investors should instead look to key data points from Apple itself.
01/04/2016, 06:01 pm
Apple will reveal its quarterly financial results for the first fiscal quarter of 2016 on Jan. 26, the company said on Monday, an important three-month period that accounts for new iPhone performance and holiday sales.
01/04/2016, 02:01 pm
As shares of Apple continue to hover just above $100, investment firm FBR stood by the iPhone maker on Monday, saying that the overly negative sentiment on Wall Street is not justified.
01/02/2016, 03:01 pm
Two years ago, Google made headlines when it acquired military robot maker Boston Dynamics. However, after receiving $42 million from the government to develop autonomous machine mules, the robotics group has failed to deliver anything the Marines can use and the Pentagon has ended further funding.