Apple execs Angela Ahrendts and Bruce Sewell each sell over $10M in company stock

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.

Mikey Campbell 9 years ago 53

Apple's market cap soars past $800 billion as shares march higher on 'iPhone 8' hype

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.

Neil Hughes 9 years ago 36

Warren Buffett deflects concerns about iPhone price, sales & AAPL share ownership

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.

Roger Fingas 9 years ago 46

See how Apple's Services arm is on track to become as large as a Fortune 100 company this year

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.

Malcolm Owen 9 years ago 25

Apple ramping up for another bond sale, blowing it far past all other funds

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.

Mike Wuerthele 9 years ago 7

Tim Cook to appear on CNBC's 'Mad Money with Jim Cramer' for third consecutive spring

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.

Mike Wuerthele 9 years ago 10

Wall Street dismisses Apple's March quarter as minor speed bump, price targets raised at UBS & Cowen

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.

Neil Hughes 9 years ago 13

Apple increases R&D spend to nearly $2.8B in fiscal Q2

Apple increased its research and development budget to nearly $2.8 billion during the second fiscal quarter of 2017, meaning the company spent a almost $5.7 billion on the line item over the past six months.

Mikey Campbell 9 years ago 11

Apple's growing cash hoard surges to $256.8 billion

As of the end of the March quarter, Apple held $256.8 billion cash on hand, with the vast majority of it held overseas awaiting possible repatriation tax reform — if the U.S. government is inclined to cooperate.

Mike Wuerthele 9 years ago 31

Apple services, "Other" revenue sources impress with massive Q2 growth

In a strong second fiscal quarter performance, both services and the "other" categories stand out, with 18 percent and 31 percent growth versus 2016, respectively.

Mike Wuerthele 9 years ago 19

Notes of interest from Apple's Q2 2017 conference call

After returning to growth for the holiday quarter, iPhone sales dipped once again in the March frame, though Apple's revenue grew to $52.9 billion. Following the news, the company held a conference call with media and analysts, and notes of interest follow.

Neil Hughes 9 years ago 4

Apple to boost capital return program by $50B, extended for full year

Despite revealing mixed quarterly results on Tuesday, Apple simultaneously announced plans to extend its capital return program by $50 billion and a full year, reaching the $300 billion mark by March 2019.

Roger Fingas 9 years ago 8

Apple falls just shy of expectations with $52.9B in revenue, iPhone sales dip again to 50.8M

Apple on Tuesday revealed the results of its second quarter of fiscal year 2017, earning $52.9 billion in revenue and posting year-over-year growth, but once again saw iPhone sales shrink from the same period a year ago.

AppleInsider Staff 9 years ago 46

Apple cruises past old market capitalization record, may hit $800 billion before earnings

As the NASDAQ opened on Tuesday morning, Apple's stock price at the opening bell drove its market capitalization above historical highs, with $800 billion in sight and possibly reachable before the quarterly earnings report.

Mike Wuerthele 9 years ago 31

Apple approaches all-time market cap record as investors await Q2 FY17 earnings

Apple's stock price on Monday hit a new record at the close of business of $146.57, with the stock sitting less than a dollar away from beating the old market capitalization record set in 2015.

Mike Wuerthele 9 years ago 17

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