All items tagged with "AAPL"

Tomorrow’s Apple earnings are just the calm before the storm

Tim Cook leaves the stage at the end of the 2014 WWDC keynote. Photo: Roberto Baldwin/The Next Web

Tim Cook onstage at WWDC 2014. Photo: Roberto Baldwin/The Next Web

Don’t expect anything too exciting from Apple’s third quarter earnings tomorrow.

This is Apple’s slowest part of the year. The summer slump means no new hardware, which means no explosive sales growth. But that’s alright, because the best is yet to come.

Tim Cook and co. have promised that truly epic things are coming in the fall, and Wall Street is actually excited about Apple again.

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AAPL stock splits 7-to-1, opens trading at $92

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Do not adjust your sets: Despite finishing Friday at $645, Apple stock will open today at around $92. This is the result of a 7-to-1 stock split, which will see the price of the stock divided by seven and shareholders of record awarded six additional shares on top of their existing holdings.

Apple announced the split earlier this year in what we referred to at the time as an “earth-shattering earnings call.”

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Apple’s Investor Relations minisite gets long overdue makeover

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On the back of the most eventful WWDC keynote in recent memory, and Eddy Cue claiming that Apple has its most exciting product pipeline in 25 years, there have been few better times to invest in AAPL shares. With that in mind, Apple has just given an overhaul to its Investor Relations minisite, giving it a long overdue spit shine.

The website features sections advising on Apple stock prices, financial information, SEC filings, and leadership and governance, alongside relevant press releases and financial news related. Notably the website’s graphical overhaul brings its into line with Apple’s current design preferences, with an abundance of thin fonts and white space.

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Carl Icahn now owns a massive $4.4 billion of Apple shares

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Bullish billionaire activist-investor Carl Icahn recently ramped up his stake in Apple to the tune of 2.8 million shares — bringing his total stake in the company to a little over $4.4 billion.

Icahn’s position was revealed in a Securities and Exchange Commission filing on Thursday, showing how Icahn now owns more than 7.5 million AAPL shares. The buy took place during the March period, which preceded Apple’s announcement of the 7-to-1 stock split and share repurchase program.

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Apple shares close above $600 for first time since 2012

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AAPL shares have been extremely undervalued for years, according to CEO Tim Cook, but it looks like Wall Street is starting to warm on Apple as the share price crested above $600 this afternoon for the first time since 2012.

After hitting an all-time high of $702.10 in September 2012, Apple’s stock has failed to regain its old luster despite record iPhone sales and earnings. Tim Cook announced last month that the stock would be split 7-to-1 in June, sending shares prices on a steady climb since hitting $524 per share the day after the announcement.  

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9 key takeaways from Apple’s surprising earnings call

Photo: Alex Washburn / Wired

Photo: Alex Washburn/Wired

Apple turned what could have been a deathly boring financial ritual into an occasion for celebration Wednesday, posting record numbers and making headlines with some unexpected moves.

Here’s our take on everything you need to know from the latest quarterly earnings call.

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This Chart Is The Best Argument Yet For Why Apple Needs The iWatch

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Here’s an interesting financial. Robert Paul Leitao, founder of the AAPL Independent Analysts, shows how Apple’s revenue has grown over 1,127% since 2006, and earnings per share has grown an incredible 2,457%.

Fiscal 2011 and fiscal 2012 have been particularly kind to Apple: 66% in 2011, and 54% in fiscal 2012, largely thanks to new deals such as the Verizon Wireless iPhone deal, and the announcement of a new product line in the iPad. In 2013, though, Apple grew only 9.2%, and so far, Apple’s guidance for the latest quarter suggests nearly no growth at all.

Leitao’s conclusion? Apple’s growth is dependent on the successful release of new and currently unannounced new products. “Apple is an episodic enterprise,” he writes. The best reason to believe that Apple has an iWatch coming this year is that, without one, Apple will stop growing.

iTunes’ Revenue Alone Would Rank Apple #130 On The Fortune 500 [Chart]

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We all know Apple is one of the biggest companies around, but how big is just iTunes? Bigger than many famous, multinational corporations, as it turns out… and that’s without counting in iPhone, iPad and Mac sales.

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Icahn Says Apple’s Mistreating Shareholders, Buys $500 Million More Shares

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Carl Icahn’s relationship with Apple has been rocky ever since he became the company’s most loquacious investor last Fall. While ribbing Tim Cook publicly with one hand for not doing a bigger buyback, the other has been busy forking over fat stacks of cash for more and more AAPL shares.

This morning Carl went classic Icahn and took to Twitter again to complain about Cook and the Apple board not giving him and other investors more money with his proposed $50 billion buyback, while also announcing he’s been gobbling up AAPL shares faster than Jaws went after those guys on the boat:

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Carl Icahn Rallies Apple Shareholders To Demand Stock Buyback

The newest cover for TIME Magazine featuring Carl Icahn, the legendary investor who has set his sights on Apple.

The newest cover for TIME Magazine featuring Carl Icahn, the legendary investor who has set his sights on Apple.

Carl Icahn, the richest investor on Wall Street who has been pressing Apple to make a $150 billion stock buyback, has announced the next phase of his master plan. He has submitted a proposal to Apple shareholders that asks them to vote on his buyback, which effectively puts more pressure on Apple to meet his demands.

The question is whether a more aggressive buyback is actually in Apple’s best interest.

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