World’s largest investment firm goes even bigger on AAPL

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BlackRock now owns 6.1 percent of Apple's outstanding shares.
Photo: Ste Smith/Cult of Mac

BlackRock, a.k.a. the world’s largest asset manager, has just made a massive investment in Apple, according to its latest Securities and Exchange Commission filing.

The firm upped its investment in Apple to a whopping 322 million shares, meaning that now owns the equivalent of 6.1 percent of Apple’s outstanding shares — with a current monetary value of $38.4 billion.

Today in Apple history: Apple suffers first quarterly loss since Jobs’ return

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Apple is heading toward a $1 trillion market cap. Photo: Pierre Marcel/Flickr CC
Apple's stock price fell as a result of the news.
Photo: Apfellike

Dec6December 6, 2000: Apple’s stock price falls after Apple Computer posts its first quarterly loss in three years, since Steve Jobs’ return to the company.

Shares tumble $3 to just $14 a share as some doom-predicting pundits worry that the big Apple comeback story is screeching to a halt.

Little did they know…

Apple stock blows up as Samsung kills Galaxy Note 7

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Apple owes Samsung a fruit basket.
Photo: Jim Merithew/Cult of Mac

Apple stock has hit its highest share price in almost one year to coincide with the news that Samsung is permanently withdrawing its ill-fated Galaxy Note 7 from the market.

AAPL shares rose 2.3 percent to hit $116.72 last night, representing an increase of $2.66 per share. This rise was the highest for Apple shares since December 2015.

Warren Buffett is betting bigger than ever on AAPL

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Buffett has made some serious money betting on Apple.
Photo: Ste Smith/Cult of Mac

Legendary investor Warren Buffet tends to stay away from technology stocks, but he can’t be too upset about his company’s decision to invest in AAPL stock.

At least, that would be the assumption based on the fact that his Berkshire Hathaway investment company announced this week that it’s increasing its stake in AAPL by a massive 55 percent.

AAPL shoots up after strong Q3 earnings

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And just when people were counting Apple out!
Photo: Ste Smith/Cult of Mac

AAPL shares opened almost 8 percent up this morning following Apple’s better-than expected Q3 earnings and sunny outlook for this quarter were announced yesterday.

Shares rose $7.33 after analysts were sufficiently convinced that Apple has “stabilized” falling iPhone sales, along with other positives like a booming App Store. Seriously, do the naysayers and doom-predicters never learn?

Apple stock might be ready to explode

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It might be a great time to buy into AAPL.
Photo: Ste Smith/Cult of Mac

The price of Apple shares have been in a slump all of 2016, but 2017 is shaping up to be an explosive year for AAPL.

Thanks to pent up demand from iPhone users for a big upgrade that probably won’t come this year, Apple is poised to have its biggest year ever when it launches the iPhone 7s, according to Cowen & Co’s financial analyst Timothy Arcuri who claims it pays to get in right now and wait out the iPhone 7 slump.

Warren Buffett is betting big on Apple

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Berkshire Hathaway's investment in Apple could send the price back up.
Photo: Ste Smith/Cult of Mac

Some of the world’s biggest investors have ditched their Apple shares lately, but where others see doom and gloom Warren Buffett sees an opportunity to make some serious money. 

Warren Buffet’s legendary investment firm Berkshire Hathaway has taken a large position in Apple stock, scooping up 9.81 million shares, worth about $1.07 billion.

Why Apple stock is far from dead

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Apple shares have been taking a beating!
Photo: Ste Smith/Cult of Mac

AAPL stock fell to a new 52-week low last week, signaling its longest loss streak in 18 years, but portfolio managers aren’t close to throwing in the towel on Apple just yet. In fact, this could turn out to be the equivalent of a Black Friday sale for anyone wanting to get their hands on some massively undervalued stock!

“Things aren’t as bad as everybody thinks,” said Dan Morgan, senior portfolio manager at Synovus Trust, speaking on CNBC‘s “Squawk on the Street.” “[Apple has] a tremendous amount of room to grow.”