An analyst with historically off-target guesses about Apple's hardware intentions and supply chain machinations is claiming that the "iPhone 8" will not only ship later than expected because of Touch ID supply problems, but also claims that full manufacturing won't fully ramp up until the first calendar quarter of 2018.
It no longer appears likely that Apple's overseas earnings can be repatriated back to the United States at more favorable tax rates this year, as plans for tax reform—including deep cuts to health care spending aimed at enabling a huge tax cut—have been delayed. On the other hand, unsettling political news is also having an adverse affect on the US dollar, creating an unanticipated side effect: a more favorable currency exchange environment for Apple's foreign earnings.
In anticipation of a pricey flagship iPhone later this year, investment firm UBS increased its price target for AAPL stock on Monday, advising investors to buy in before the launch of the highly anticipated "iPhone 8."
In its latest buy, Apple has paid around $200 million to acquire Lattice Data Inc., a specialist in using machine learning to process "dark data" to efficiently build structured data sets that can be analyzed.
Apple has invested into Gorilla Glass manufacturer Corning with the first award for $200 million from the Advanced Manufacturing Fund investment pool, to support "revolutionary glass production methods."
After achieving a market capitalization above $800 billion in after hours trading on Monday, Apple on Tuesday became the first U.S. company in history to cross that market value border on a closing basis.
Investors have largely moved past Apple's latest results and are focused on an anticipated iPhone redesign, as the company's stock continues to achieve new milestones, crossing the $800 billion market capitalization threshold on Monday.
Investor and Berkshire Hathaway chairman Warren Buffett once more came out in favor of Apple in a Monday TV interview, explaining why Berkshire bought Apple stock, and amping up the iPhone despite a sales decline in the March quarter.
Last year, Apple Chief Executive Tim Cook suggested the company's "Services" business could grow to the size of a Fortune 100 company within 2017. After the company's second fiscal quarter of 2017, Apple's steadily growing Services business — encompassing Apple Music, the App Store and more — is well on the way to matching Cook's prediction.
In a filing with the U.S. Securities and Exchange Commission, Apple is readying yet another bond sale, and has essentially purchased an equivalent value in corporate debt to equal the world's largest mutual fund.
Apple's second fiscal quarter of 2017 was largely a mixed bag, in the eyes of investors, who saw some positives but were also disappointed by some results. Analysts reacting to the quarterly results were largely indifferent on the short term, remaining focused on growth of the company's Services business and an anticipated "iPhone 8" super-cycle.
Apple increased its research and development budget to nearly $2.8 billion during the second fiscal quarter of 2017, meaning the company spent a almost $5.7 billion on the line item over the past six months.
As of the end of the March quarter, Apple held $256.8 billion cash on hand, with the vast majority of it held overseas awaiting possible repatriation tax reform — if the U.S. government is inclined to cooperate.
After returning to growth for the holiday quarter, iPhone sales dipped once again in the March frame, though Apple's revenue grew to $52.9 billion. Following the news, the company held a conference call with media and analysts, and notes of interest follow.
Despite revealing mixed quarterly results on Tuesday, Apple simultaneously announced plans to extend its capital return program by $50 billion and a full year, reaching the $300 billion mark by March 2019.