Yesterday's referendum on the United Kingdom exiting the European Union was widely expected to fail, but instead surprised markets globally by narrowly passing. The Euro and British Pound both subsequently dropped significantly, and markets worldwide recoiled in shock. Here's a look at how will this affect Apple going forward.
iPhone shipments in the coming quarters could be lower than Wall Street expects, as Apple works to reduce excess channel inventory ahead of the anticipated "iPhone 7" launch, in what could be the last painful quarter before over a year of growth, according to Brean Capital.
A new patent decision accusing Apple of copying the design of a Chinese-made smartphone will not have a negative effect on Apple's revenue or margins in China, two major investment firms said on Friday.
For all the new software platform features Apple announced this week at WWDC, including a glimpse at future iOS product capabilities and internet services enhancements, JP Morgan remains cool to the company's stock prospects for 2016.
Analysts on Wall Street are increasingly expecting an incremental iPhone hardware update this year, which has led some to turn their sights to a rumored 2017 handset revamp in hopes of pushing Apple stock to new heights.
Apple actually did nearly 40 better than anticipated in its first Taiwanese bond sale, raising $1.38 billion, a report indicated on Wednesday.
Barring a complete meltdown of its iPhone business, shares of Apple stock have limited potential downside at their current trading price, investment firm UBS said on Tuesday.
As rumored last week, Apple on Monday reportedly completed a U.S. dollar denominated bond issuance in Taiwan estimated to have raised up to $1.2 billion.
Apple reportedly sold A$1.425 billion ($1.04 billion U.S.) in Australian bonds on Friday, looking to raise more funding without tapping into its $233 billion U.S. in cash reserves.
Apple's stock value fell on Thursday morning in the wake of Goldman Sachs reducing price and earnings targets, along with its predictions for future iPhone shipments.
On the heels of news that Apple plans to issue bonds in Taiwan and Australia, a new report alleges that the company could raise as much as $4 billion total from the Asia-Pacific region.
Apple is exploring a new bond sale in Australia in light of a successful offering last year, and is also looking at launching its first-ever Taiwanese bonds, a report said on Wednesday.
Following Warren Buffett's surprise investment in Apple, it was recently revealed that billionaire investor George Soros took a position in the iPhone maker, buying up thousands of shares as company stock prices hover at their lowest point in years.
Investor Warren Buffett has taken advantage of Apple's lowest share price in years, as new filings with the U.S. Securities and Exchange Commission reveal Berkshire Hathaway now owns 9.81 million shares of the iPhone maker.
Another big investment fund is breaking up with Apple. According to a U.S. Securities and Exchange Commission filing, David Tepper's Appaloosa Management has reduced its position in the iPhone maker to zero, mirroring a recent move by high-profile investor Carl Icahn.
Shares hit a 52-week low on Thursday, inching below $90 and allowing rival Alphabet, the parent company of Google, to surpass its market capitalization once again — at least temporarily.
On May 12, 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 by Monday May 9 in order to qualify. Apple will pay out $2.9 billion in dividends on its outstanding shares for the quarter.
Infamous hedge fund manager David Einhorn, who has previously butted heads with Apple, remains bullish on the iPhone maker despite its recent market plunge, giving the company a vote of confidence during a recent conference call.
Apple's revenue from China plummeted 26 percent year over year last quarter, and is projected by Sterne Agee CRT to fall 15 percent in fiscal year 2016, as the entire smartphone market faces struggles in that market.
In the aftermath of Apple's disappointing earnings report that brought news of a slowdown in worldwide iPhone sales, the company's stock price dropped for the eighth consecutive day on Monday, a losing streak not seen since 1998.
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Daniel Eran Dilger
David Silverberg
Neil Hughes
Roger Fingas
AppleInsider Staff
Jan Manon
Mikey Campbell
