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.
A problem traced back to the mishandling of daily Nasdaq test data caused the reported share prices of Apple, Google, Microsoft and a handful of other technology sector stocks to fluctuate wildly on multiple financial websites after trading ended on Monday.
Investors expect iPhone sales will return to growth in the current June quarter, moving up slightly from the same period a year ago, as the world waits for an anticipated "iPhone 8" this fall.
Apple on Tuesday issued its second-ever "green" bond sale, valued at $1 billion, intended to fund the company's renewable energy builds as well as other environmental efforts, like improved energy efficiency.
Apple shares are down over $10 since Friday, reportedly part of a broader selloff of U.S. technology stocks, but also reflecting concerns over upcoming iPhones using slower cellular modems than their rivals.
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."
Apple is preparing a new bond sale in euros, according to a U.S. Securities and Exchange Commission filing by the company, though many of the details are still guarded.
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.
Apple's head of retail, Angela Ahrendts, last week sold off 75,000 shares of Apple stock to net $11.1 million, while general counsel Bruce Sewell shed 67,500 shares to gain over $10 million.
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.
Following the initial notification of a new bond sale on Thursday, Apple has launched the offering and raised $7 billion in a six-part sale with due dates ranging to 2027.
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 CEO Tim Cook will take to "Mad Money with Jim Cramer" Wednesday evening on CNBC to discuss Apple's latest earnings, and the future of Apple.
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.
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Mike Wuerthele
Mikey Campbell
Neil Hughes
Roger Fingas
Daniel Eran Dilger
Malcolm Owen
