08/05/2015, 11:08 am
On Wednesday, analysts with Bank of America Merrill Lynch downgraded Apple stock to neutral and lowered a price target from $142 to $130, citing several short-term pressures on shares.
08/04/2015, 02:08 pm
Amid continued losses for Apple stock, investment firm RBC Capital Markets has remained steadfast with its $150 price target, once again on Tuesday advising investors to buy in ahead of the anticipated "iPhone 6s" product launch.
08/04/2015, 08:08 am
Since it was added to the Dow Jones Industrial Average in March, Apple has been a weight on the index, accounting for 14 percent of its losses in the last four and a half months.
07/24/2015, 07:07 pm
In a filing with the U.S. Securities and Exchange Commission on Friday, Apple announced its first-ever sterling-denominated bond issuance set at 1.25 billion pounds, or nearly $2 billion.
07/22/2015, 10:07 pm
Apple revealed in a U.S. Securities and Exchange Commission filing Wednesday that it plans to spend $12 billion on capital expenditures for the 2015 fiscal year, $1 billion less than was initially projected last year.
07/22/2015, 03:07 pm
Apple, Google, and other major U.S.-based multinationals may soon be able to bring more of their foreign-earned income back to American shores without facing a huge tax burden, as lawmakers are moving forward on a tax reform framework that could eliminate taxes on international earnings and authorize a one-time repatriation holiday.
07/22/2015, 09:07 am
Lofty expectations were beyond the reach of Apple last quarter, sending shares tumbling more than 7 percent. But a number of bullish analysts see the stock pullback as a buying opportunity for investors, who can get in at a cheaper price before the launch of new iPhones.
07/21/2015, 08:07 pm
Apple's operational expenditures on research and development activities surpassed $2 billion for the first time ever during the company's third fiscal quarter of 2015, a number equal to 4.1 percent of total net sales.
07/21/2015, 05:07 pm
Apple's Chinese revenues shot ahead 112 percent year-over-year during the June quarter to over $13.2 billion, reflecting the growing importance of the country to Apple's bottom line even as other regions also showed significant growth.
07/21/2015, 05:07 pm
Record setting sales of the iPhone pushed Apple to its best June quarter ever, with profit of $10.7 billion. Following the announcement, executives from the company participated in a conference call with analysts and the media, and notes of inventory follow.
07/21/2015, 04:07 pm
Apple continued its record breaking streak on Tuesday, posting its highest ever June quarter earnings with revenue of $49.6 billion, led by sales of 47.5 million iPhones and 4.7 million Macs.
07/20/2015, 12:07 pm
Analyst sentiment is generally high ahead of Apple's third-quarter earnings announcement -- due on Tuesday -- calling for numbers that could beat both official guidance as well as Wall Street consensus, mostly on the strength of iPhone sales that could near or top 50 million.
07/16/2015, 10:07 am
Investment firm UBS revealed on Thursday that it has high expectations for Apple's gross margins in the just-concluded June quarter, predicting they will reach nearly 41 percent on outstanding sales of the jumbo-sized iPhone 6 Plus.
07/14/2015, 10:07 am
Recent struggles for Apple stock are based on unfounded fears out of China, FBR Capital Markets said on Tuesday, telling investors it believes the "speed bump" will be over soon as strong iPhone sales continue.
07/09/2015, 09:07 am
Apple is poised to announce yet another record breaking quarter, the latest research from investment firm UBS suggests, with iPhone sales once again driven to new heights thanks largely to growth in China.
Sales of 53M iPhones in June quarter predicted to help propel Apple stock to $170, Brean Capital says
07/07/2015, 02:07 pm
Apple's June quarter will come in higher than most on Wall Street expect, Brean Capital told investors on Monday, revealing it expects the company to have sold as many as 53 million iPhones in the three-month period.
07/02/2015, 09:07 am
In making its case for investors to buy Apple stock, investment bank UBS this week made an interesting analogy, comparing the iPhone maker to growing fast food restaurant Shake Shack, saying the two companies are responsible for "the era of consumer experience."
06/29/2015, 07:06 pm
Apple on Monday announced it will reveal financial results for its third fiscal quarter of 2015 on July 21, to be followed by a conference call potentially offering insight into the sales performance of the company's newest product category, the Apple Watch.
06/29/2015, 10:06 am
RBC Capital Markets has raised its Apple revenue forecasts for 2015 and 2016, arguing that iPhone demand could beat expectations for some time into the future, and that people are skewing towards buying more expensive, higher capacity iPhone models.
06/24/2015, 09:06 am
Demand for Apple's flagship iPhone 6 and iPhone 6 Plus remains extremely strong, even as the product cycle begins to wind down, while consumer interest in the Apple Watch is outperforming the first iPhone, new data reveals.