Each member of Apple's board of directors recently received an automatic grant of restricted stock units currently worth more than $253,000, U.S. Securities and Exchange Commission filings show.
Apple's stock price on Wednesday afternoon broke $140 per share and is only a few dollars short of both a pre-split $1000 valuation and breaking the company's previous market capitalization record of $774.69 billion set in 2015.
Expectations are growing that augmented reality could play a key role in Apple's "iPhone 8" and beyond, prompting investment firm UBS to increase its price target for shares of the company on Tuesday.
Chairman and chief executive of Berkshire Hathaway Warren Buffett proclaims in an interview that his firm purchased around 120 million AAPL shares just in 2017, with a total value of more than $17 billion.
A U.S. Securities and Exchange Commission filing on Friday reveals Apple board member Al Gore this week sold 215,437 shares of AAPL stock worth about $29.5 million.
Shares of Apple are collectively worth $713.96 billion as of today's market close, while the market cap of Alphabet Inc (which includes Google) closed today at $579.15 billion, a difference of $134.81 billion. However, Google's search results still point to year-old stories touting Google briefly surpassing Apple in market cap twice last spring.
Riding a wave of positive financial news and a rosy outlook for fiscal 2017, Apple stock touched $136.74 in intraday trading on Tuesday before closing at an all-time high of $136.70.
Shares of Apple are currently trading at an all time high, in a bull market rally that recently-elected U.S. President Trump has frequently taken credit for. However, stock market gains—including Apple's—appear to be driven primarily by favorable earnings reports from the December quarter. The economic future of Apple — and the U.S. overall — is less certain, given risks related to infrastructure investment, taxes, currency valuations, immigration restrictions and travel bans under the new administration.
Apple has filed its appeal with the European court of appeals, all declaring that the European Commission's decision to levy $14 billion in taxes on Apple on behalf of the EU is erroneous, against the rule of law, and should be stricken.
Investor Warren Buffet bet big on Apple during the fourth quarter of 2016, as a filing with the U.S. Securities and Exchange Commission on Tuesday reveals Berkshire Hathaway now owns more than 57 million shares of the tech giant.
Apple is holding its second Taiwanese bond sale, with the latest debt offering aiming to bring in an additional $1 billion in cash, a filing with the U.S. Securities and Exchange Commission reveals.
Apple's chief financial officer, Luca Maestri, is scheduled to speak at the 2017 Goldman Sachs Technology and Internet Conference on Tuesday, which the tech giant plans to stream live through its website.
At the close of the market on Monday, Apple hit an all-time high of $133.29, breaking the previous record set on May 22, 2015, with market capitalization again flirting with $700 billion.
Goldman Sachs is "increasingly confident" in Apple's upcoming fall refresh of the iPhone, as the firm on Monday cited potential use of OLED and augmented reality in raising its price target for the company to $150.
Apple's Services earnings aren't being considered strongly enough by investors, one analyst believes, arguing that if the business was properly weighted, the stock company's stock would be at least 10 percent higher than it currently sits.
On February 16, Apple will pay shareholders of record a quarterly dividend of $0.57 per share, but investors must own the company's stock before February 9 in order to qualify. Apple will pay out $3.1 billion in dividends on its outstanding shares for the quarter.
Looking to generate more money for its shareholder return program without repatriating foreign cash, Apple has completed a sale of $10 billion in bonds, with underwriters including Deutsche Bank, Goldman Sachs, JPMorgan, and others.
For the fourth time in less than two weeks, Apple CEO Tim Cook on Wednesday sold off a batch of company stock worth just under $5 million, continuing a series of transactions in accordance with a trading plan adopted in 2015.
The encompassing "Services" business has proven to be a reliable source of income growth for Apple, but its tremendous performance — accomplished during an overall company sales decline — can be difficult to visualize. AppleInsider offers a closer look at the booming segment Apple believes will double over the next four years.
Led by the blockbuster debut of the iPhone 7 series, Apple exceeded Wall Street's expectations with its holiday quarter, sending shares of the company's stock higher and prompting analysts to revise their price targets upward.
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Mikey Campbell
Mike Wuerthele
Neil Hughes
AppleInsider Staff
Daniel Eran Dilger
Malcolm Owen
Roger Fingas
