Apple stock hits all-time high of $133.29, market capitalization approaching $700 billion

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.

Mike Wuerthele 9 years ago 43

Goldman Sachs raises Apple target to $150 in anticipation of blockbuster 'iPhone 8'

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.

Malcolm Owen 9 years ago 9

As investors overlook Apple's Services business, stock price declared 10% too low

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.

Mike Wuerthele 9 years ago 7

Apple exceeds targets in latest bond sale, raises $10 billion

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.

Roger Fingas 9 years ago 18

Tim Cook sells 40k Apple shares worth nearly $5M

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.

Mikey Campbell 9 years ago 20

See how Apple's 'Services' revenue has grown steadily amid changes in other business segments

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.

Malcolm Owen 9 years ago 6

Analysts raise Apple targets, see shares going as high as $156 after best-quarter ever

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.

Neil Hughes 9 years ago 37

Apple still acquires 15-20 companies per year, Cook says no size is too large to consider

Apple CEO Tim Cook revealed on Tuesday that his company's ambitions as far as acquisitions continues apace, with no acquisition apparently too big or too small for the company to consider from a strategic standpoint.

Mike Wuerthele 9 years ago 18

Tim Cook: Repatriation of $231B in overseas cash would be 'very good for the country and good for Apple'

With the newly anointed administration of U.S. President Donald Trump signaling a business-friendly environment, Apple Chief Executive Tim Cook said he's hopeful that his company will be able to finally bring some of its massive $231.3 billion cash hoard back home at a reasonable tax rate.

Neil Hughes 9 years ago 3

Notes of interest from Apple's Q1 2017 conference call

Apple returned to growth and exceeded Wall Street expectations on Tuesday, when it reported record revenue, profits and iPhone sales for the first quarter of fiscal 2017. Following the news, the company held a conference call with media and analysts, and notes of interest follow.

AppleInsider Staff 9 years ago 10

Apple smashes expectations: record setting $78.4B in revenue on sales of 78.3M iPhones

Apple's holiday 2016 quarter was the company's biggest ever, soaring to new heights on sales of 78.3 million iPhones following the launch of the blockbuster iPhone 7 series.

Neil Hughes 9 years ago 81

European Commission pleased with Apple's $14 billion tax bill payment progress, despite missed deadline

Apple has missed the deadline to pay the 13 billion euros ($14 billion) the iPhone producer was ordered to pay Ireland in back taxes, but the European Commission is noting that progress is still being made by Apple to comply with its ruling.

Malcolm Owen 9 years ago 17

Earnings preview: Wall Street expects record $77.4B revenue in Apple's best quarter in history

After a period of declining sales, Apple is expected to have returned to growth in the holiday 2016 shopping season, riding high on the popularity of the new iPhone 7 series.

Neil Hughes 9 years ago 25

OLED for 'iPhone X' could deal $50M hit to Apple's Q2 expenses, analyst says

Apple's widely-rumored decision to equip a 10th-anniversary iPhone with OLED could add approximately $50 million to incremental costs in the March quarter, eating slightly into profit margins, according to an analyst.

Roger Fingas 9 years ago 13

Apple CEO Tim Cook sells another $3.6M in company stock

Just days after cashing in a chunk of Apple shares worth $3.6 million, CEO Tim Cook sold another batch worth an almost identical amount in a series of trades this week, according to regulatory filings.

Mikey Campbell 9 years ago 47

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