Apple stock - page 2

Apple stock falls after Trump threatens iPhone tariffs

By

European Commission could get even tougher on tech in 2020
Apple has experienced a run of bad luck lately.
Photo: Ste Smith/Cult of Mac

Apple stock slid 1.9 percent in pre-market trading today, after President Donald Trump laid out plans for new tariffs to be placed on the iPhone.

Overall, AAPL is trading down 20 percent this month. This latest blow comes after six weeks of declines for Apple, which became the first publicly traded U.S. company to pass a $1 trillion valuation earlier this year.

Shark Tank investor bites into Apple over lack of transparency

By

Kevin O'Leary
It will take a lot for "Mr. Wonderful" to buy Apple stock again.
Screen shot: CNBC

Entrepreneur and Shark Tank investor Kevin O’Leary said it “took seconds” to sell off his Apple stock after hearing company executives announce the tech company would no longer disclose units sold.

The self-named “Mr. Wonderful” said he was listening in on Apple’s Q4 earnings call on Nov. 1 and was shocked as CEO Tim Cook described unit sales like a shopping cart. The items in the cart aren’t as important as the total bill of sale, Cook said.

Apple shares gain $55 billion after glowing quarterly report

By

money
Apple share price increased more than a dollar or two following a very strong quarterly earnings report.
Photo: Ste Smith/Cult of Mac

Investors rushed to buy Apple stock today, pushing the share price up almost 6 percent. That added a whopping $55 billion to the company’s market capitalization.

Apple is still a bit short of the much-hyped $1 trillion valuation, but moved noticeably closer today.

Amazon may beat Apple to become first $1 trillion company

By

$1 trillion value
Apple is heading toward a $1 trillion market cap. But could Amazon get there first?
Photo: Pierre Marcel/Flickr CC

Apple’s market value will eventually top $1 trillion, but Amazon is evolving more and more as if it will get there first.

The gap has rapidly narrowed between the two company’s market values. Apple, always believed to be the first company to reach $1 trillion started out the year with stock valued 50 percent higher than Amazon’s.

That gap is now just 10 percent.

Bill Gates admits ‘Apple’s an amazing company’

By

Bill Gates praises Apple
Bill Gates, who once headed Apple's arch rival, now has nothing but positive things to say about the company.
Screencap: CNBC

The co-founder of Microsoft joined the chorus of voices speaking positively about Apple today. Bill Gates’ relationship with Apple goes back to the very dawn of the company, and he and Steve Jobs were the best of frenemies.

Now that he’s a philanthropist rather the CEO of Microsoft he can speak openly about a former rival.

Apple is now Warren Buffett’s second biggest investment

By

Buffett
Warren Buffet is Apple's biggest investor.
Photo: CNBC

Warren Buffett doesn’t use an iPhone, yet it is one of the big reasons he invests so much money in Apple stock.

Buffett told CNBC on Monday that his Berkshire Hathaway Inc. bought more in Apple than any other stock over the last year, making it the second-biggest holding for the company.

Apple employees get big bonus thanks to Trump

By

Apple could be a $2 trillion company by end of 2021
Apple could be a $2 trillion company by end of 2021
Photo: Ste Smith/Cult of Mac

President Donald Trump’s new tax law is doing great things for Apple employees’ wallets.

Apple told employees today that it plans to give all of them $2,500 worth of restricted stock, thanks to the revised tax law that goes into effect this year.

Apple’s Q3 2017 earnings call to be held on August 1

By

Apple is worth more than the entire US energy sector combined
Apple is worth more than the entire US energy sector combined
Photo: Ste Smith/Cult of Mac

Investors will get their next glimpse into how well iPhone sells are doing on August 1 when Apple reveals its Q3 earnings for 2017.

Apple updated its investor relations page today confirming the time and date of its next earnings call, which will include early sales of the new iPad Pro and MacBook Pros unveiled at the company’s Worldwide Developers Conference at the beginning of June.

Apple should be worth $1 trillion, Wall Street analyst claims

By

Apple could be a $2 trillion company by end of 2021
One of the world's most undervalued stocks, apparently.
Photo: Ste Smith/Cult of Mac

Calling Apple one of “the most under-appreciated stocks in the world,” a Wall Street analyst says the company should be worth $1 trillion within the year.

Drexel Hamilton analyst Brian White gave AAPL a price target of $202, an increase of roughly 35 percent — and by far the highest Apple valuation on the books.

Apple shares reach new high as analyst predicts $200 price

By

apple stock price
Apple stock prices spent the whole year on the rise and ended trading Wednesday with a $1 trillion valuation.
Photo: Buster Hein/Cult of Mac

Share prices of Apple Inc. hit yet another record high during trading today, setting a new top mark of 143.80 by the time the market closed.

Apple shares were trading up nearly 3% on Tuesday thanks to an investor note from UBS analyst Steven Milunovich who predicts the stock price could shoot up past $200 in the next two to three years.

AAPL shares soar to new all-time high

By

AAPL
Apple's stock is on the rise.
Photo: Buster Hein/Cult of Mac

A ringing endorsement from mega-investor Warren Buffett has helped push Apple’s stock to a new record high today.

Apple shares were trading up 2.04% and closed at an all-time high of $139.78 per share, beating the company’s previous top mark of $137.11 set last week.

Tim Cook: Pro users remain incredibly important to Apple

By

Apple HQ
This is the last shareholders meeting at Apple's old campus.
Photo: Ryan B/Flickr

Apple hosted its annual shareholders meeting today at the company’s headquarters in Cupertino where a number of new proposals were presented by investors before Tim Cook took questions from the audience.

During his Q&A session, Tim Cook discussed how Apple plans to fight for net neutrality. He also assured shareholders that Apple plans to come out with new products that appeal to professionals and creatives, but insisted that the Mac and iPad aren’t destined for a merger.

Warren Buffett more than doubles AAPL holdings this year

By

Apple is worth more than the entire US energy sector combined
Buffett sure knows an opportunity when he sees one.
Photo: Ste Smith/Cult of Mac

Warren Buffett’s investment firm Berkshire Hathaway has more that doubled its Apple share holdings this year — with its $17 billion share of Apple now representing Berkshire’s second biggest holding in a company.

In 2017 alone, the firm has purchased 120 million Apple shares.

Apple stock hits all-time high

By

apple stock price
Apple stock prices spent the whole year on the rise and ended trading Wednesday with a $1 trillion valuation.
Photo: Buster Hein/Cult of Mac

It’s a great time to be an Apple shareholder.

Aided by a increased confidence rating from Goldman Sachs, Apple shares hit an all-time high today, with the price jumping to $133.76 per share before closing just above the company’s previous record of $132.54, set on May 17, 2015.

Apple stock surges on record-breaking Q1 2017 earnings

By

AAPL stock chart
Apple's stock surged in after-hours trading after the company announced record-breaking Q1 2017 results.
Photo: Google Finance

Apple’s stock saw a big surge after the company announced record-breaking earnings for Q1 2017.

AAPL was up almost 3 percent in after-hours trading to $124.50. Apple stock has been climbing recently but was depressed in anticipation of today’s results.

Apple execs pay dearly for 2016’s failures

By

Tim Cook
Apple named in another top tech list.
Photo: Apple

Apple CEO Tim Cook received less pay in 2016 as a result of the company missing revenue and profit goals.

In a new filing with the SEC, Apple revealed that other top executives also got less compensation for 2016 as well. Cook only took home $8.7 million last year after being paid $10.2 million in in 2015.

Apple stock might be ready to explode

By

iphone stocks app
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.

Liveblog: Apple’s toughest earnings call in a decade

By

Earnings_Call_2
How bad is peak iPhone?
Photo: Ste Smith

Apple earnings calls are usually a time for celebration and gloating, but for the first time in over a decade the company is poised to post declining profits.

Tim Cook warned Wall Street that this would likely happen due to declining iPhone sales. Have we really reached “peak iPhone”?

Analysts and reporters will be grilling Cook and Apple CFO Luca Maestri during today’s Q2 2016 earnings call. Investors will be looking for signs that Apple still has room to grow. And Cult of Mac will be right here, liveblogging the entire Apple earnings call — and translating the financial gibberish — when the big event starts at 2 p.m. Pacific.

Get in on the action below: