Apple moves up one spot to No. 5 in 2014 Fortune 500 rankings

Apple's meteoric rise in the prestigious Fortune 500 corporate rankings continued this year as the iPhone maker moved past Texas oil and gas giant Phillips 66 to take the fifth slot in the 2014 edition.

AppleInsider Staff 12 years ago 14

Goldman Sachs ups Apple price target to $720, expects exciting software at WWDC

Add Goldman Sachs to the parade of investment firms that revised their price targets on Apple stock this week, following continued gains by the iPhone maker ahead of next week's Worldwide Developers Conference and 7-for-1 stock split.

Neil Hughes 12 years ago 31

Apple grows carrier partners to 323 worldwide, up 15% since last October

Availability of the iPhone continues to increase as Apple inks new contracts with additional carriers, bringing its current worldwide total to 323 wireless providers, investment firm Wells Fargo Securities revealed on Friday.

Neil Hughes 12 years ago 9

Wall Street warming up to $3B Apple-Beats deal, sees potential to offset declining iTunes revenue

Apple's newly announced $3 billion acquisition of Beats Music and Beats Electronics has received a generally warm response from prominent analysts on Wall Street, who believe the purchase could help Apple compensate for shrinking digital music sales on the iTunes Store.

Neil Hughes 12 years ago 95

Barclays acknowledges Apple's momentum, ups stock price target to $655

Recent gains made by Apple stock had placed the price target at Barclays underwater, but the investment firm responded on Wednesday with a newly increased target of $655 that it said shows "respect" for Apple's momentum headed into the second half of 2014.

Neil Hughes 12 years ago 21

Shares of Apple hit new 52-week high days before 7-for-1 stock split

With less than a week to go not only before Apple's Worldwide Developers Conference keynote, but also a forthcoming 7-for-1 stock split, investors pushed shares of the iPhone maker to a new 52-week high on Tuesday.

Neil Hughes 12 years ago 48

Low institutional ownership of Apple shares continues, despite stock's recent highs

Though shares of Apple have been trending upward lately, institutional investors — including hedge funds, banks, mutual funds and other powerful types of financial institutions — have not yet bought in, suggesting that when they do, AAPL stock could move much higher.

Neil Hughes 12 years ago 19

Tight-lipped Apple could keep quiet on Beats deal thanks to SEC rules

Apple has rarely issued press releases trumpeting new acquisitions since the landmark 1997 deal for NeXT that brought Steve Jobs back into the fold, and the company's now-massive size could help it continue its silence even with a rumored $3.2 billion deal for Beats Electronics.

AppleInsider Staff 12 years ago 24

Investor Carl Icahn buys another $1.65B in Apple stock as shares head toward 7-for-1 split

Billionaire investor Carl Icahn, who is known to use his substantial clout to steer public companies' financial policies, recently boosted his stake in Apple by 2.8 million shares worth nearly $1.65 billion.

Mikey Campbell 12 years ago 55

Shares of Apple, Inc. near ex-dividend as it gears up to distribute $2.7 billion to shareholders

On May 15, Apple will pay "shareholders of record" the company's new higher quarterly dividend of $3.29 per share, but investors need to have purchased the company's stock by the market's close on Wednesday in order to qualify.

Daniel Eran Dilger 12 years ago 61

Supply chain sales data suggests Apple had strong month of April

Apple suppliers had a particularly strong month of April, suggesting that shipments to the iPhone maker may have been stronger than their traditional seasonal average as the company ramps up for new product introductions, new data shows.

Neil Hughes 12 years ago 26

Apple's recent stock price surge leaves prominent analysts projections in the dust

Recent gains by Apple's stock have pushed its share price past some Wall Street analysts' price targets, leaving their forecasts underwater, while others could be next if the upward trend continues.

Neil Hughes 12 years ago 35

Apple stock breaks $600 threshold as investors embrace capital reinvestment

Riding high on a strong March quarter and the announcement of an expanded capital reinvestment program, shares of Apple closed above $600 on Monday afternoon, setting a new 52-week high for the company.

Neil Hughes 12 years ago 54

Apple retail store sales decline as consumers wait for new products

Sales throughout Apple's vaunted retail empire have begun to decline as the company's distribution network widens and the product line matures, according to a new report, though the outlets remain massively profitable and serve as a "magnet" for new Mac buyers.

AppleInsider Staff 12 years ago 90

RBC again raises price target on Apple stock to $645 on strength of share buybacks

With shares of Apple stock continuing to gain value, RBC Capital Markets has been prompted to raise its price target on the iPhone maker for the second time in as many weeks.

Neil Hughes 12 years ago 16

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