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.
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.
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:
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.
Apple announced today that its financial earnings call with investors for Q4 2013 will be held on October 28th at 2PM PT.
AAPL shares have been slowly recovering from a recent slump after hitting a high of over $700 per share in 2012. The recent announcement that iPhone 5s and iPhone 5c sales shattered past iPhone sales records with 9 million units sold should portend good things for Apple’s earnings and the share price, but Wall Street is always pretty fickle with AAPL, so we’ll have to wait and see if the good news will be enough to get more of Wall Street on board.
Like its previous earnings calls, Apple is allowing the press and its shareholders to listen in to a live audio webcast, which is available via its website and can be accessed on iOS devices. Cult of Mac will be on hand to liveblog the results as they come in, along with any commentary from Tim and the gang.
Carl Icahn finally got his dinner date wish with Tim Cook last night, after the famous billionaire investor took to Twitter a few weeks ago to preach how Wall Street has seriously undervalued AAPL stock. Along with parading his optimism for Apple’s stock, Icahn purchased a major stake in AAPL stock and has been dying for Cupertino to issue more buybacks.
Apple sold 3 million iPhone 5s and 5c units everyday for the past three days this weekend for the most successful smartphone launch in history. Not only did Apple completely dominate its old sales numbers set by the iPhone 5, but based on this handy chart that Horace Dediu whipped up, Samsung has never even come close to any of the iPhone’s launch day performances.
Sure the Galaxy S 4 comes close to the iPhone 3G and 3GS sales numbers, but that was over five years ago. Looks like Samsung still has a lot of catching up to to do, and if early morning trading on AAPL shares is any indication, Wall Street agrees.
Usually after an iPhone announcement Wall Street goes crazy for AAPL stock, sending the price on the up-and-up. But after today’s announcement of the iPhone 5c and the iPhone 5s, AAPL is down nearly 3% as it’s dropped about 14.17 points.
There’s still some time left in the trading day, so the stock could rebound. While the drop isn’t catastrophic, it is a bit surprising as many viewed the iPhone 5c as Apple’s answer to satisfy Wall Street, but it appears that investors aren’t impressed with the iPhone 5c’s price point at $549 off-contract.