Following a surge in Apple stock performance, Apple CEO Tim Cook last week collected the maximum number of restricted stock units — totaling 560,000 shares — afforded by his incentive plan, raking in $89.2 million for the effort.
Apple is looking to raise $2.5 billion Canadian dollars, worth $1.96 billion at current exchange rates, in its first Canadian debt offering, according to documents filed with the U.S. Securities and Exchange Commission on Tuesday.
Apple's international borrowing continues to expand to new countries, with the company revealing in a U.S. Securities and Exchange Commission filing on Tuesday that it will offer its first debt offering in Canadian dollars.
Apple's required financial data tells the tale of a company that has been deeply invested in efficient research and development for 20 years to advance the company's long-term goals — but it in itself does not herald something big on the horizon.
As hype for the "iPhone 8" continues to build, investors are buying in on Apple stock, sending shares to new record highs on Tuesday. The gains held throughout the day, allowing AAPL stock to close above the $160 mark for the first time ever.
Apple reported better than expected earnings for its third fiscal quarter of 2017, raking in $45.4 billion in revenue led by strong iPhone sales of 41 million units and a return to growth for iPad. AppleInsider breaks down the performance in this video.
Apple's forecast for its next fiscal quarter was particularly strong, leading market watchers to believe that, in addition to the next-gen "iPhone 7s," the much anticipated "iPhone 8" could be on sale at the tail end of the September quarter in limited quantities, or at the very least in early October.
Apple spent nearly $3 billion on research and development in the third quarter of 2017, a $377 million year-over-year increase that brings the company's six-month outlay on future projects to more than $5.7 billion.
Apple stock prices hit an all-time high in extended trading on Tuesday, flirting with the $160 mark, after the company reported better than expected earnings for its third fiscal quarter of 2017 and strong guidance for the coming quarter.
While Apple CEO Tim Cook didn't explicitly answer a question asking about three Apple plants in the U.S., he did note that there would be more announced "later in the year" about employment opportunities generated by Apple.
Apple again saw its sales and revenue grow in the third fiscal quarter of 2017, with $45.4 billion in revenue on strong iPhone, iPad and Mac sales. Following the news, the company held a conference call with media and analysts, and notes of interest follow.
Apple again saw its sales grow year over year in the June quarter, the company revealed on Tuesday, with $45.4 billion in revenue exceeding Wall Street expectations, again driven by strong iPhone sales, but also growth in its iPad and Mac businesses.
When Apple releases earnings later today, there could be concerns about the lack of any progress on U.S. tax reform—including deep cuts to health care spending aimed at enabling a huge tax cuts—or the repatriation of its overseas cash. On the other hand, political chaos in America has further weakened the US Dollar, enhancing Apple's foreign earnings in Fiscal Q3.
In a first formal step opposing the blockbuster tax ruling by the European Union, the U.S. government has reportedly filed with the European Union General Court to opposition the $14.8 billion mandate by the European Commission.