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Topic: Investor

Evercore increases Apple price target to $700, citing momentum from new iPads & iPhones

12/13/2013, 10:12 am

As shares of Apple continue to trade higher, Evercore Partners on Friday upped its price target for AAPL stock to $700, citing what the firm called "rejuvenated momentum" seen from recent iPhone and iPad product refreshes.

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Apple, Inc. stock IPO created 300 millionaires 33 years ago today

12/12/2013, 06:12 pm

Apple's initial public offering on December 12, 1980 sold 4.6 million shares at $22 each, generating more capital than any other iPO since Ford Motor Company in 1956 and instantly creating 300 millionaires.

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Apple's iPhone 5s remains 'by far the top selling smartphone'

12/12/2013, 11:12 am

Apple continues to dominate smartphone sales with their flagship iPhone 5s and mid-range iPhone 5c as the handsets took two of the top three sales slots at every major U.S. wireless carrier for the third month in a row.

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Carl Icahn files Apple shareholder proposal seeking increase in share buyback program

12/04/2013, 03:12 pm

Billionaire investor and financial activist Carl Icahn has filed a shareholder proposal with Apple, seeking support for spending even more of the company's cash reserves on its own shares.

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Apple, Inc. valuation passes $500 billion, half the market cap imagined last year

12/02/2013, 01:12 am

Despite reaching a new peak share price for 2013 that pushed Apple's market capitalization above $500 billion, the company's valuation remains where it was in the spring of 2012, at a time when analysts were predicting Apple's market cap would soon double.

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Apple stock closes above $550, breaks into positive territory for the year

11/29/2013, 05:11 pm

At the close of Friday's trading on the NASDAQ exchange, Apple's stock settled at $556 --up 10 points on the day -- marking the first time that shares of the iPhone maker have closed above $550 this year.

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Apple, Inc. stock breaks $545 barrier as Samsung calls 'Crisis Awareness' meeting

11/27/2013, 05:11 pm

Apple continued to climb in trading today, closing at $545.96 and reaching a market cap of $491.22 billion as its chief rival Samsung plans for "Crisis Awareness" meeting involving 600 management staff members.

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Apple, Inc. stock closes at $533, highest point since start of 2013

11/26/2013, 06:11 pm

Apple stock closed up nearly 2 percent today, reaching $533.40 for the highest close since the first days of January.

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Hedge fund manager David Einhorn still thinks Apple should do more with its cash

11/21/2013, 04:11 pm

Though he is no longer suing Apple over its massive amount of cash and reserves, hedge fund manager David Einhorn still spoke out on the issue on Thursday, stating he still does not believe the company is doing enough for investors.

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Former trader sentenced to 30 months in prison for fraudulent $1B AAPL purchase

11/19/2013, 07:11 pm

A Connecticut court on Tuesday sentenced former trader David Miller to 30 months in prison for enacting and conspiring on an unauthorized purchase worth $1 billion of Apple stock.

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Carl Icahn says he'd 'never' push Apple to buy Nuance, only wants increased share buyback

11/19/2013, 12:11 pm

Though billionaire Carl Icahn owns considerable stakes in both Apple and Nuance Communications, the investor revealed this week he has no plans to push for a marriage between the two companies, despite their existing partnerships.

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Apple reported to buy Israeli 3D sensor firm PrimeSense for $345 million

11/17/2013, 12:11 pm

Building on rumors from July, an Israeli financial journal has reported that Apple "finalized the purchase details" on a plan to pay $345 million to acquire 3D motion and machine vision firm PrimeSense.

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Apple shares may sink below Microsoft in S&P 500 influence after 2013 losses

11/14/2013, 05:11 pm

Apple is in danger of having its four-year run as the leading mover in the S&P 500 stock index ended by old nemesis Microsoft after a rough year in the markets that has left Cupertino battered and Redmond resurgent.

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Shares of Apple, Inc. go ex-dividend as it gears up to distribute nearly $3 billion to holders

11/12/2013, 07:11 pm

On 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 last Wednesday in order to qualify.

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Apple now sitting on $10B in deferred revenue, more than Samsung or Google earned last quarter

11/01/2013, 02:11 pm

Apple reported net earnings of $7.5 billion for the quarter ending in September, but it also amassed more than $10 billion in deferred revenues that it hasn't yet declared as income.

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Wall Street pleased by Apple's surprising Sept. quarter, anticipates huge holiday sales

10/29/2013, 10:10 am

Apple beat Wall Street expectations and left analysts satisfied with its September quarter, though market watchers are already more focused on anticipated blockbuster sales of new iPhone and iPad models in the current holiday quarter.

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Notes of interest from Apple's Q4 2013 conference call

10/28/2013, 05:10 pm

Apple again beat Wall Street expectations when it posted its fourth-quarter results on Monday, thanks to sales of 33.8 million iPhones during the September frame. Following the company's earnings release, Apple executives took part in a conference call to discuss the quarter, and notes of interest follow.

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Apple reports earnings of $7.5B on sales of 33.8M iPhones, 14.1M iPads & 4.6M Macs

10/28/2013, 04:10 pm

Apple said Monday that fourth-quarter profits slipped roughly 8.5 percent to $7.5 billion, or $8.26 per diluted share, on revenues of $37.5 billion -- better than most Wall Street analysts had been anticipating.

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Earnings preview: Apple's Sept. quarter results are all about iPhone for Wall Street

10/28/2013, 09:10 am

This afternoon after markets close, Apple is set to announce its earnings for the recently concluded September quarter. But analysts are mostly interested in any comments the company may have about improving iPhone 5s production, as well as sales of the iPhone 5c.

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$AAPL shares regain highs from early 2013; many Apple analysts' targets now underwater

10/24/2013, 06:10 pm

Apple's stock has returned to highs not seen since the beginning of the year, closing today above the price targets of a number of financial analysts and increasingly challenging the value of vast new buyback plans advocated by celebrity investor Carl Icahn.

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