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.
According to its investor’s page, Apple, Inc. will conference call with investors on July 23, 2013, discussing its financial performance for the fiscal third quarter of 2013, which ended June 30.
The call will be live streamed on Apple’s web page for anyone to listen in, and should cover revenue and sales figures. We can expect to hear from Tim Cook, CEO, and probably Peter Oppenheimer, CFO of Apple, both explaining the current performance as well as making some sort of financial forecast for the coming quarter, Q4 2013.
With AAPL stock in decline, investors are rioting to get a piece of Apple’s $137.1 billion cash horde. Greenlight Capital’s David Einhorn, of course, has been making waves with his lawsuit against Apple and his proposal that Apple issue an ‘iPref’ preferred dividend to investors; now, Morgan Stanley Katy Huberty has come out of a meeting with Apple CFO Peter Oppenheimer, apparently convinced that Apple will more than double its existing dividend to investors to 6%.
Apple stock opened at $457.70 this morning, down more than 10%, following its financial results on Wednesday. The Cupertino company announced $13.1 billion profit for the first quarter of 2013, a slight increase over the $13.06 billion it posted for the first quarter of 2012. But despite that increase, it’s clear Apple’s phenomenal growth has hit a stumbling block.
If you own a lot of shares of Apple stock, today is going to be a great day. For the second time this year, Apple is set to give its investors $2.5 billion worth of dividends. This is the second time Apple’s done a payout this year, with the first payout occurring on August 16th 2012.
Apple announced their $45 billion stock dividend and repurchase plan back in March 2012, and they expect to spend $45 billion over the next three years.
Apple submitted its annual 10-K report with the SEC today, which summarizes the company’s growth over the last year. Reading the report shows an amazing amount of growth for the Cupertino-based company across all areas of its business: retail, research and development, and square footage it owns.
Apple's stock could reach $750 according to analyst Andy Zaky.
After Wednesday’s wild ride, Apple’s stock price was down even lower yesterday – trading around $530 (it’s still in that range this morning). That price prompted Andy Zaky of Bullish Cross to issue a rare buy rating for the Apple’s stock.
This is only the fifth time that Zaky has publishing a buy rating for Apple. The last time was nearly a year ago on June 20 when Apple bottomed at $310.50 a share ahead of a strong July rally that in which it grew by 30%.
Apple's stock had a wild ride after one man spooked investors about Apple's future
Sometimes just a few words can make humongous impact – something that DoubleLine Capital’s Jeffrey Gundlach proved spectacularly Wednesday afternoon when a statement he made caused Apple’s market value to drop 2.2% – an acceleration of a much milder downward trend that Apple’s stock has been on since its record high in early April. Gundlach comments added to that trend, causing Apple stock to plummet so much that it is down $96 billion since April 9th.
For those that weren’t following Apple’s stock price on Wednesday, just after 3 p.m. Apple’s stock price dropped sharply by 2.2% to just over $540. That’s about when Gundlach took the stage at a meeting of hedge fund managers in New York and said that he was shorting Apple because he didn’t see the company being able to sustain the massive consumer excitement generated by the new iPad and other hit products.
Morgan Stanley: New regional carried deals help ensure iPhone growth
Next week, the iPhone will launch on three additional U.S. regional carriers. This move follows last month’s roll out to five regional carriers plus last year’s addition of C Spire and Puerto Rico-based Claro Puerto (Apple’s first deasl with regional carriers).
Apple’s regional expansion prompted Morgan Stanley analyst Katy Huberty to issue a note to investors saying that the new partnerships will help ensure sustained iPhone growth. She also noted that she doesn’t expect to see carriers dropping subsidized pricing for the iPhone – a concern that has also made investors hesitant when it comes to Apple.
Photo by brendan wilkinson - http://flic.kr/p/5qFg7j
After more than 15 years without paying quarterly dividends to investors, the long drought may be over for Apple fans on Wall Street. A large Apple investor expects the tech giant will announce a “significant” dividend during the first half of 2012.