Apple shares took an inexplicable beating from investors on Monday morning, leading to the stock’s single biggest fall since January 28th, 2014. And no one really know why.
An unusual spike in trading volume this morning sent the price of AAPL shares falling as much as 6.4 percent to $111.27 in early trading this morning, leading to a loss of more than $40 billion in market value in just a few minutes.
AAPL shares have finally completed the long climb back to 2012 levels today, closing at an all-time high of $100.53 per share.
The stock’s 1.4 percent rise today was aided by bullish reports from both RBC and Morgan Stanley claiming Apple’s Fall lineup is going to be more extraordinary than ever this year as Apple puts the final preparations on the iPhone 6.
It’s been a long wait for Angela Ahrendts to finally join Apple, but as the new VP of Retail just took office last week, Apple decided to make her move from fashion to tech much sweeter by granting her stock options worth a whopping $68 million.
Google stock has risen 13% today, surpassing $1,000 for the first time ever. It comes a day after the search giant announced its earnings for last quarter, which beat Wall Street expectations thanks to a surge in mobile and video advertising that helped increase quarterly revenue by 23%.
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 may not be snapping up big companies all over the place like Yahoo!, but it is buying lots of shares in one major corporation — itself. Last quarter, the Cupertino company spent $16 billion on 36 million of its own shares, which cost, on average, just over $444 apiece.
Apple finally allows us to put the Newsstand icon in a folder in iOS 7, but wouldn’t it be great if we could completely hide all the built-in apps we don’t use? Thanks to a glitch in the latest iOS 7 beta, you can. After following a few simple steps, you can remove stock icons from your home screen so that they’re nowhere to be seen.
After taking the initial steps yesterday toward offering bonds to investors, Apple opened up its order book today and plans to sell $17 billion worth of bonds. The six-part all dollar offering has already attracted more than $50 billion of orders within the first few hours, in what has become the largest non-bank bond deal in history.
According to a report from Reuters, Apple is offering $17 billion worth of bonds in the following six bond types to investors:
Russian billionaire Alisher Usmanov has revealed that he recently spent $100 million on Apple shares in anticipation that they will rebound. The 59-year-old believes that Apple is a “very promising” investment, despite the current share price being almost 40% off its peak last September.