05/13/2016, 07:05 pm
Another big investment fund is breaking up with Apple. According to a U.S. Securities and Exchange Commission filing, David Tepper's Appaloosa Management has reduced its position in the iPhone maker to zero, mirroring a recent move by high-profile investor Carl Icahn.
05/12/2016, 11:05 am
Shares hit a 52-week low on Thursday, inching below $90 and allowing rival Alphabet, the parent company of Google, to surpass its market capitalization once again -- at least temporarily.
05/10/2016, 03:05 pm
On May 12, Apple will pay shareholders of record a quarterly dividend of $0.57 per share, but investors must have had settled ownership of the company's stock by Monday May 9 in order to qualify. Apple will pay out $2.9 billion in dividends on its outstanding shares for the quarter.
05/04/2016, 10:05 am
Infamous hedge fund manager David Einhorn, who has previously butted heads with Apple, remains bullish on the iPhone maker despite its recent market plunge, giving the company a vote of confidence during a recent conference call.
05/03/2016, 02:05 pm
Apple's revenue from China plummeted 26 percent year over year last quarter, and is projected by Sterne Agee CRT to fall 15 percent in fiscal year 2016, as the entire smartphone market faces struggles in that market.
05/02/2016, 10:05 pm
In the aftermath of Apple's disappointing earnings report that brought news of a slowdown in worldwide iPhone sales, the company's stock price dropped for the eighth consecutive day on Monday, a losing streak not seen since 1998.
05/02/2016, 04:05 pm
In a rare TV appearance, Apple CEO Tim Cook will take part in an interview on Monday night's episode of Mad Money with Jim Cramer on CNBC, scheduled for 6 p.m. Eastern.
05/01/2016, 02:05 pm
Apple's fiscal Q2 earnings were the company's "worst ever" of the last decade in terms of year-over-year growth, but not in terms of actual commercial activity during the first three months of 2016. Take a closer look at Apple and three other firms: Samsung, Facebook and Amazon.
04/28/2016, 06:04 pm
Apple's share repurchase program will exit a mandated quiet period on Friday--two days after the company reported earnings--enabling the company to resume buying back shares. Coincidentally, the company's shares were conveniently pushed down toward their lowest price of 2016 today.
04/28/2016, 02:04 pm
Billionaire Carl Icahn, who has used his financial clout to influence boardroom decisions at publicly traded companies, announced on Thursday that he no longer owns shares in Apple, just days after the company announced its first revenue decline in over a decade.
04/27/2016, 07:04 pm
Apple's research and development spending spiked at an all time high of more than $2.5 billion during the second quarter of 2016, with the unusually large $600 million year-over-year jump owing primarily to new hires and related expenses, Apple said in a Securities and Exchange Commission filing.
04/27/2016, 11:04 am
Analysts on Wall Street were pushing optimism after Apple's disappointing fiscal 2016 second quarter earnings, saying they expect that the company will continue to innovate and will return to growth over the next year.
04/26/2016, 08:04 pm
Apple CEO Tim Cook on Tuesday reiterated a positive outlook on Greater China despite suffering a year-over-year revenue contraction during the second quarter of 2016, saying the region is "a lot more stable" than some perceive.
04/26/2016, 05:04 pm
Services revenue was perhaps one of the few comforts for Apple in its second-quarter financial results shared on Tuesday, growing 20 percent year-over-year to $5.99 billion, setting an all-time record for the company.
04/26/2016, 05:04 pm
Calling it a "busy and challenging quarter," Apple Chief Executive Tim Cook gave commentary and fielded questions on his company's fiscal 2016 second quarter. Notes of interest from the call with investors and the media follow.
04/26/2016, 04:04 pm
In announcing its first quarterly revenue decline in 13 years, Apple on Tuesday said it will infuse another $50 billion into an ongoing capital return program, a move that comes with a $35 billion boost to the company's share repurchase initiative.
04/26/2016, 04:04 pm
Apple's second fiscal quarter of 2016 officially marks the first time ever that iPhone sales saw a year-over-year decline, as the company shipped 51.2 million handsets on its way to $50.6 billion in total sales.
04/26/2016, 09:04 am
With Apple set to report its first-ever year-over-year decline in iPhone sales this afternoon, analysts continue to look forward to the anticipated "iPhone 7" launch in hopes that it will re-stimulate growth.
04/26/2016, 01:04 am
While the world waits to see just how many iPhones, iPads and Macs Apple sold in the March quarter, a report on the top 150 firms in California's Silicon Valley shows that Apple earned more than 40 percent of the region's total profits in 2015, and its revenues grew 2.5x as fast as its peers year over year.
04/25/2016, 08:04 am
Apple -- the world's most profitable public company -- is a day away from releasing its March quarter earnings. That means that while the company itself is in an official quiet period, everyone else is free to publish false and misleading information about it. Let's take a look at some of the worst fallacies.