Investor George Soros latest to snap up Apple stock as prices reach trough

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.

Jan Manon 10 years ago 17

Warren Buffett's Berkshire Hathaway buys $1B of Apple stock

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.

Neil Hughes 10 years ago 67

Appaloosa unloads all Apple shares as other hedge funds trim position

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.

Mikey Campbell 10 years ago 49

Apple Inc. shares reach ex-dividend as it gears up to distribute $2.9 billion to shareholders

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.

Daniel Eran Dilger 10 years ago 37

Hedge fund manager David Einhorn staying in Apple, sees 'tremendous value'

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.

AppleInsider Staff 10 years ago 11

Apple revenue from China forecast to fall 15% this year due to marketwide smartphone slowdown

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.

Neil Hughes 10 years ago 12

Apple stock posts longest losing streak in 18 years

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.

Mikey Campbell 10 years ago 37

Apple CEO Tim Cook to appear on CNBC's 'Mad Money' Monday night

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.

Roger Fingas 10 years ago 33

Apple, Samsung, Facebook, Amazon & the case of the 'very bad' Q2

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.

Daniel Eran Dilger 10 years ago 44

Apple buybacks to resume on Friday, gobbling up stock priced near the lowest of 2016

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.

Daniel Eran Dilger 10 years ago 58

Citing concerns in China, activist investor Carl Icahn no longer owns shares of Apple

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.

Neil Hughes 10 years ago 116

Apple R&D spending jumps to $2.5B in Q2, accounted for 5% of total revenue

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.

Mikey Campbell 10 years ago 19

Wall Street remains optimistic about 'iPhone 7' & Apple's 2017 after Q2 declines

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.

Neil Hughes 10 years ago 24

Apple CEO Tim Cook optimistic on China despite 26% dip in revenue

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.

Mikey Campbell 10 years ago 15

Apple services stand out as bright spot in otherwise rough Q2

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.

Roger Fingas 10 years ago 21

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