In a rare TV appearance, Apple CEO Tim Cook will take part in an interview on Monday night's episode of Mad Money with Jim Cramer on CNBC, scheduled for 6 p.m. Eastern.
Apple's fiscal Q2 earnings were the company's "worst ever" of the last decade in terms of year-over-year growth, but not in terms of actual commercial activity during the first three months of 2016. Take a closer look at Apple and three other firms: Samsung, Facebook and Amazon.
Apple's share repurchase program will exit a mandated quiet period on Friday—two days after the company reported earnings—enabling the company to resume buying back shares. Coincidentally, the company's shares were conveniently pushed down toward their lowest price of 2016 today.
Billionaire Carl Icahn, who has used his financial clout to influence boardroom decisions at publicly traded companies, announced on Thursday that he no longer owns shares in Apple, just days after the company announced its first revenue decline in over a decade.
Apple's research and development spending spiked at an all time high of more than $2.5 billion during the second quarter of 2016, with the unusually large $600 million year-over-year jump owing primarily to new hires and related expenses, Apple said in a Securities and Exchange Commission filing.
Analysts on Wall Street were pushing optimism after Apple's disappointing fiscal 2016 second quarter earnings, saying they expect that the company will continue to innovate and will return to growth over the next year.
Apple CEO Tim Cook on Tuesday reiterated a positive outlook on Greater China despite suffering a year-over-year revenue contraction during the second quarter of 2016, saying the region is "a lot more stable" than some perceive.
Services revenue was perhaps one of the few comforts for Apple in its second-quarter financial results shared on Tuesday, growing 20 percent year-over-year to $5.99 billion, setting an all-time record for the company.
Calling it a "busy and challenging quarter," Apple Chief Executive Tim Cook gave commentary and fielded questions on his company's fiscal 2016 second quarter. Notes of interest from the call with investors and the media follow.
In announcing its first quarterly revenue decline in 13 years, Apple on Tuesday said it will infuse another $50 billion into an ongoing capital return program, a move that comes with a $35 billion boost to the company's share repurchase initiative.
Apple's second fiscal quarter of 2016 officially marks the first time ever that iPhone sales saw a year-over-year decline, as the company shipped 51.2 million handsets on its way to $50.6 billion in total sales.
With Apple set to report its first-ever year-over-year decline in iPhone sales this afternoon, analysts continue to look forward to the anticipated "iPhone 7" launch in hopes that it will re-stimulate growth.
While the world waits to see just how many iPhones, iPads and Macs Apple sold in the March quarter, a report on the top 150 firms in California's Silicon Valley shows that Apple earned more than 40 percent of the region's total profits in 2015, and its revenues grew 2.5x as fast as its peers year over year.
Apple — the world's most profitable public company — is a day away from releasing its March quarter earnings. That means that while the company itself is in an official quiet period, everyone else is free to publish false and misleading information about it. Let's take a look at some of the worst fallacies.
In an update to its website on Wednesday, Apple quietly pushed back its quarterly earnings conference call for the second quarter of 2016 by one day to Tuesday, April 26.
Investment firm Piper Jaffray continues to believe that Apple's services business is vastly undervalued by Wall Street, as the company reiterated this week that services should be a larger focus for investors.
Pulling data from Apple's December 2015 earnings report, investment bank Piper Jaffray estimates gross margins on the company's rarely discussed services business could be above 60 percent. And that figure is expected to grow.
Though the firm remains bullish on Apple, Brean Capital believes Apple will see total iPhone sales for 2016 drop by 16 million units, amidst a slowing smartphone market.
Cowen and Company upgraded its outlook on AAPL stock to "outperform" on Wednesday with a $135 price target, telling investors it believes Apple will return to growth with this fall's "iPhone 7" and beyond.
Apple on Monday announced an upcoming earnings conference call covering the second fiscal quarter of 2016, a period expected to see the first year-over-year iPhone sales contraction ever.
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Roger Fingas
Daniel Eran Dilger
Neil Hughes
Mikey Campbell
AppleInsider Staff
