A positive earnings pre-announcement from Apple supplier Dialog Semiconductor on Wednesday leads RBC Capital Markets analyst Amit Daryanani to believe iPhone sales are set to outperform Wall Street expectations in the December quarter.
Six of Apple's top executives, including SVP of Internet Software and Services Eddy Cue and SVP of Worldwide Marketing Phil Schiller, each saw 87,578 restricted stock units worth nearly $10 million vest as part of an award granted in 2014.
Apple on Monday moved its earnings call for the fourth quarter of 2016 up two days to Tuesday, Oct. 25, citing an unannounced scheduling conflict.
Apple on Monday announced it will report quarterly earnings for the fourth fiscal quarter of 2016 on Oct. 27, to be followed by a live-streamed conference call on Apple's investor website.
Fulfilling a contract award granted in 2011, Apple SVP of Internet Software and Services Eddy Cue saw 525,000 restricted stock units currently worth $59.2 million vest this week.
Shares of Apple have climbed significantly this week, as investors buy into consumer excitement ahead of the iPhone 7 debut this Friday, hoping the next-generation model will set new records.
Most U.S. officials are lining up to fight the $14.5 billion E.U. tax edict with support from assorted talking heads, but the battle appears to be more about which taxation agency the money belongs to, rather than actual support for Apple.
One week after receiving a windfall of restricted stock units — and cashing in a chunk for a $35.8 million payday — Apple CEO Tim Cook on Monday sold another batch of his sizable stock cache worth nearly $29 million.
A long appeal process over Apple's Ireland tax bill might have unintended consequences, with a governmental official who has opposed the ruling making claims that the tally will be closer to 19 billion euro ($21.2 billion) when the process concludes.
While a prominent Irish businessman is decrying the $14.5 billion tax edict applied by the European Commission with strong language, members from Ireland's government have started the appeal discussion — but the process may take more time than expected to garner sufficient support from a wide body of lawmakers.
While a $14.5 billion payment of back taxes could bankrupt many major corporations, it's pocket change for a company as cash flush as Apple. As a result, analysts surveyed by AppleInsider on Tuesday said they aren't concerned about the European Commission's decision, regardless of how an appeal ultimately plays out.
Apple has posted a series of answers to questions about the European Commission's tax ruling, and appears to be unconcerned about any potential financial fallout.
On Tuesday, the European Commission handed down its biggest tax penalty yet, ordering Apple to pay 13 billion euros ($14.5 billion) in back taxes — but both Ireland and Apple are appealing the ruling.
After receiving a sizable bonus of vested restricted stock units (RSUs) for five years of success as Apple's CEO, Tim Cook on Wednesday cashed in nearly a third of his existing stock cache for a $35.8 million payday.
Warren Buffett's Berkshire Hathaway took advantage of a dip in Apple's share price during the second quarter, increasing its stake in the company to $1.46 billion as of June 30.
Two high-level people at Apple — the chairman of Apple's board of directors, Arthur Levinson, and general counsel Bruce Sewell — recently unloaded a combined $10.1 million in Apple shares, according to required SEC filings.
On August 11, 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 on Monday August 8 in order to qualify. Apple will pay out $3.2 billion in dividends on its outstanding shares for the quarter.
In a filing made to the U.S. Securities and Exchange Commission on July 28 made public on Thursday, Apple detailed its latest $7 billion bond sale in the U.S. marketplace.
In the battle for the Chinese smartphone market, Apple has lost ground in both marketshare and shipment quantities to smartphone manufacturers Vivo and Oppo, new data reveals.
Apple has completed an anticipated five-part bond sale, raising $7 billion in debt with the help of banks including Goldman Sachs, Merrill Lynch, J.P. Morgan, and Deutsche Bank.
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AppleInsider Staff
Mikey Campbell
Neil Hughes
Mike Wuerthele
Daniel Eran Dilger
Roger Fingas
