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Latest News

Apple's R&D spending shoots up 42% year-over-year, hit new $1.9B record in Q1

Apple does not appear to be resting on its laurels despite record sales of its iPhone and Mac, as the company spent nearly $2 billion on research and development in the first fiscal quarter of 2015, an increase of more than 40 percent over the year-ago figure.

Sam Oliver 11 years ago 32

Carl Icahn says Apple is still undervalued, plans to increase his $203 price target

Activist investor Carl Icahn believes shares of Apple should be valued much higher than their current trading price, and on Wednesday said he even plans to revise his own price target for the stock, which he called a "no-brainer" investment.

Neil Hughes 11 years ago 55

Wall Street shocked by Apple's staggering quarter, prompting analysts to raise estimates

Apple's stunning first quarter of fiscal 2015 blew virtually every prediction out of the water, and left Wall Street analysts rushing to increase their price targets on Wednesday as the stock jumped higher.

Neil Hughes 11 years ago 82
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Notes of interest from Apple's Q1 2015 conference call

Apple reported the biggest quarter in its company's history on Monday, selling nearly 100 million iPhones and iPads to earn $74.6 billion in quarterly revenue. Following the announcement, executives from the company participated in a conference call with analysts and the media, and notes of interest follow.

AppleInsider Staff 11 years ago 19

Apple obliterates expectations, selling 74.5M iPhones & earning $18B in profit

Apple completely crushed not only its own all-time records, but also even the loftiest expectations on Wall Street on Tuesday, selling a whopping 74.5 million iPhones on its way to $18 billion in net profit in a single, massively successful quarter.

AppleInsider Staff 11 years ago 253

Earnings preview: Wall Street awaits record shattering $67B quarter from Apple

With just a few hours to go before Apple reports the results of its first fiscal quarter of 2015, Wall Street is hyped for what it expects will be a blockbuster, all-time record for the iPhone maker.

Neil Hughes 11 years ago 40

Wells Fargo maintains neutral outlook on Apple, says market expectations too high

Wells Fargo Securities continues to go against the grain with a neutral "market perform" rating on shares of Apple, forecasting that shares will trend lower in the face of high expectations on Wall Street.

Neil Hughes 11 years ago 33

Apple CEO Tim Cook doubled pay to $9.2M in 2014, Angela Ahrendts led execs with $73.3M

The yearly earnings of Apple's board members was revealed in a filing with the U.S. Securities and Exchange Commission on Thursday, including CEO Tim Cook who received compensation of over $9.22 million in 2014, more than doubling his pay from 2013.

AppleInsider Staff 11 years ago 110

Apple board member Millard Drexler to retire in March, replacement unknown

Longtime Apple board member Millard "Mickey" Drexler announced intentions to retire at the end of his current term, which will end in March at the company's annual shareholders meeting, leaving seven candidates for election to fill his place.

AppleInsider Staff 11 years ago 27

Morgan Stanley sees Apple's strong holiday sales continuing into 2015

Apple is expected to announce yet another quarter of record sales next week, a trend that investment bank Morgan Stanley believes will continue throughout the spring as demand for the iPhone and Mac remains strong alongside the long-awaited release of the Apple Watch.

AppleInsider Staff 11 years ago 46

RBC raises Apple price target to $123, cites higher than expected iPhone 6 demand

RBC Capital Markets on Friday advised investors to stay long on Apple stock, as the investment firm sees multiple catalysts for the company in the near future, starting with the reporting of holiday iPhone sales.

Neil Hughes 11 years ago 27

Shares of Apple dip more than 2% following downgrade from Japanese bank

Shares of Apple stock took an unexpected slide on Thursday, and dragged the larger market down as a whole with it, after a high-profile Japanese bank downgraded its rating on the iPhone maker to "neutral."

Neil Hughes 11 years ago 58

Ecosystem of health-focused apps & accessories will further strengthen Apple, UBS says

Following a deluge of health and fitness devices announced at CES, one analyst has said he believes Apple's Health application and HealthKit tools for developers will help foster a diverse ecosystem that will further differentiate the iPhone from competing platforms.

Neil Hughes 11 years ago 8

Apple Inc. stock leaps nearly 4 percent in first surge of 2015

After being pushed downward across the first week of 2015, Apple's stock surged $4.14 today to close at $111.89, adding over $24.27 billion to the company's market capitalization.

Daniel Eran Dilger 11 years ago 19

UBS data suggests Apple sold 69M iPhones in blockbuster December quarter

The latest research from UBS has prompted the firm to advise investors that it believes Apple sold a massive 69 million iPhones in the just-concluded December quarter — a sum that would obliterate the company's previous all-time record.

Neil Hughes 11 years ago 48

Apple to announce fiscal Q1 2015 earnings results on Jan. 27

Apple on Monday announced it will reveal financial results for its first fiscal quarter of 2015 on Jan. 27, with company executives expected to field questions covering what is anticipated to be another blockbuster for the tech giant.

AppleInsider Staff 11 years ago 41

Apple Watch predicted to account for 36% of company's revenue growth in 2015

The Apple Watch is expected to be a significant part of Apple's growth story in calendar year 2015, according to research firm Evercore, which advised investors to buy in to AAPL stock ahead of the wearable device's imminent launch.

Neil Hughes 11 years ago 99

Apple bought back $56 billion worth of its own stock in 2014

This year, Apple spent three times more investing in itself than the next closest company in the S&P 500, totaling $56 billion on stock buybacks in fiscal 2014.

Neil Hughes 11 years ago 55
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