No one tell former Vice President Al Gore that it’s a bad time to buy AAPL. He just exercised a big chunk of his Apple stock options, walking off with $29 million worth of shares at a steep discount.
Earlier this week, The Wall Street Journal reported that Apple has cut its iPhone 5 component orders by as much as half following “weaker-than-expected” demand for device. The news sent Apple’s stock price plummeting, but according to some analysts, there’s nothing to worry about. iPhone 5 demand is doing just fine, according to Sterne Agee’s Shaw Wu, and the component cuts are in no way related to poor demand.
Apple’s share price has plummeted this morning, following an earlier report that said the Cupertino company had cut iPhone 5 component orders due to weaker-than-expected demand. When the market opening on Monday morning, Apple stock dropped to $16.23, or 3.1%, to $504.07.
After months of steady growth, Apple stock hit an all-time high of $705.07 in late September, and it seemed there was no sign of stopping it from breaking through the $1,000 barrier and making Apple the world’s first trillion dollar company. Take a look at the market today, however, and it paints a very different picture.
Apple stock fell a whopping 25% in November, and on Friday, it hit a ten-month low. Today, shares dipped below the $400 mark. This is despite the recent launch of the iPhone 5 and the iPad mini, both of which appear to be selling incredible well. Can the Cupertino company put an end to this nasty slide? Analysts don’t think so.
The iPad mini is such an incredible device that many of us assumed it will start to cannibalize sales of the iPad early on.
Last month we saw some early analysis that claimed the iPad mini is cannibalizing the sales of PCs, not iPads. However, a new report from Sterne Agee’s Shaw Wu is predicting that the iPad mini is starting to eat into the iPad’s sales.
If you’re really into investing and the stock market and all that fun, heart-wrenching stuff, then now might be a great time to buy some Apple stock if you believe Disney’s CEO Bob Iger knows what he’s doing.
On Monday, Iger bought $1 million worth of Apple shares, according to documents filed with the SEC. Along with being the CEO of Disney, Iger is also on Apple’s board of Directors. But he’s not just buying Apple stock; he’s ditching his Disney stock while he’s at it.
Think back to your life 10 years ago. Now think about this: if you would have invested $10,000 in Microsoft stock then, you would now have $13,000. If you would have invested the same amount into Apple, you would now be sitting on $700,000.
Really let that sink in.
Despite posting one of their most profitable quarters ever, Apple’s stock (AAPL) has taken a dive over the last two months. It’s been down nearly 25% from it’s recent highs and some analyst have said that the stock is great buy right now.
This morning, Brian White from Topeka claimed that the sell-off in Apple’s stock over the past weeks has been “insanely insane” given how Apple is poised to have a record breaking holiday quarter. Since making his claim, Apple’s price has jumped up 5% today.
What goes up must come down, in physics and in investment. Stock prices for Apple have hit a low recently, down about a fourth of it’s value. Analysts believe that upcoming taxes on capital gains and investment dividends have stock holders rushing to get rid of as much as they can to avoid record tax hikes.
“No individual investment can defy gravity,” said the deputy chief investment officer for Wells Fargo, Erik Davidson.
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.
Despite launching the fastest-selling iPhone to date just over a month ago, in addition to a new iPad mini that’s sure to be a big hit this Christmas, Apple is suffering from a surprising yet swift decline in stock value. Just weeks after reaching a $705 high, it now sits at its lowest price in over five months.
Many will dismiss the decline as a rare dip, confident that Apple will bounce back bigger and stronger than before. But others are questioning its ability to do so with ever increasing competition from its rivals. ABC Nightline asks whether Apple has “lost its shine.”
Even though the news that Apple fired Scott Forstall and John Browett was released on Monday, investors didn’t have an opportunity to react to the new changes in management thanks the the stock markets being closed due to hurricane Sandy.
The markets opened today for the first time all week and investors showed that they’re not feeling incredibly optimistic about Apple right now. Apple’s stock price dropped about 2.4% and was trading at $589.60 this morning, which is the lowest price the stock has seen since July.
Last week, we reported on a great little hack that allows you to remove Apple’s stock iOS apps from your iPhone, iPad, or iPod touch without jailbreaking it first. The only problem with it was when your device was restarted the apps would reappear, and you had to repeat the whole process again to remove the apps that are wasting space on your home screen.
Now the tweak’s been improved somewhat to make the whole process much quicker by using the new Passbook app in iOS 6. And no, it still doesn’t require a jailbreak.
While most of Apple’s stock iOS apps are pretty handy, there are a few that the large majority of us probably never open. I’m talking about apps like Stocks, Voice Memos, and Weather (which always seems to be inaccurate in the U.K.). Unfortunately, the Cupertino company doesn’t allow us to remove these, so the only way to do it was to jailbreak. Until now.
Thanks to a nifty new web app, you can temporarily remove stock iOS icons from your device without jailbreaking. Here’s how.
It seems financial printer RR Donnelley made one hell of mistake earlier today, causing Google’s stock to drop 9% before Google was able to halt trading. What did they do? They filed an early draft of Google’s earnings without authorization.
Apple’s stock price has continued to rise the last couple of weeks making it the most valuable company in the world, and debatably the most valuable company ever. Some might think that Apple can’t sustain those numbers over the long-term, but right now their prospects are looking great.
The scary thing – if you’re an Apple competitor – is that even though Apple is huge right now, it’s still growing. Fortune released their list of the 100 fastest-growing companies in the world today, and Apple came in at #8 while competitors like Google and Samsung didn’t even make the list.
On August 22, it became apparent that retailers across the United States were beginning to see shortages of 27-inch iMacs, sparking speculation that Apple’s popular all-in-one could be about to get a much-anticipated refresh. Now those tight supplies are affecting Apple’s own retail stores, which are quickly running out of both 27-inch iMac iterations.
You’re probably going to see a lot of stories like this in the coming weeks. Apple stock opened at a record $680 a share this morning, on the first day of trading following the Cupertino company’s massive victory over Samsung on Friday. This surpasses its previous record of $674.88 a share, which was hit last Tuesday, August 21, and it pushes Apple’s market capitalization to a new high of $637 billion.
Last week, analyst Andy Zaky revealed that investors are scrambling to plough their money into Apple before the company releases its iPhone 5, and that its stock price will continue to rise for the foreseeable future. And unsurprisingly, Zaky was right. Apple stock hit an all-time high of $636.64 last Friday, but that’s nothing compared to today’s price of $660.73, which makes Apple the most valuable publicly-traded stock of all time.
Apple stock hit an all-time high of $636.64 per share on Thursday, and today that price continues to rise. The last time Apple jumped above $630 a share was back in April, right before its share price began a six-week decline that knocked $115 off the price — and $100 billion off Apple’s market cap — when it ended on May 18.
It’s unlikely we’ll see a repeat of that now, however. According to one analyst, investors are so keen to plough their money into Apple before the iPhone 5 sends share prices rocketing that there’s no sign of those prices dropping anytime soon.
Let’s look at a few facts.
Apple Retail stores were the number one retailer last year, taking in more money per square foot than any other US retailer, including number two Tiffany, which made a bit more than half of that. Sounds good, right? Then take a look at what a retail employee, Jordan Golson, has to say.
“I was earning $11.25 an hour,” he said. “Part of me was thinking, ‘This is great. I’m an Apple fan, the store is doing really well.’ But when you look at the amount of money the company is making and then you look at your paycheck, it’s kind of tough.”
The disconnect between the incredible success of the corporation and the relatively low-end pay scale of its retail employees, as well as the reasons those retail employees continue to work for Apple, is the subject of a report in the New York Times today.
Not only does Piper Jaffray analyst Gene Munster see Apple’s and its investors’ financial outlook as essentially rosy for the foreseeable future, but he’s taking it one step further. He’s convinced that he has at least ten reasons to stay bullish on Apple stock over the next three years. He also thinks the stock price is going to hit $1000 per share.
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%.
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.
Apple’s explosive success since the launch of the iPad has helped propel the company higher up the ladder of of the Fortune 500. This year the company broke into the top 20 – nabbing the number 17 spot.
The higher ranking shows consistent growth by Apple – last year the company broke into the top 50 to land at number 35. In 2010 and 2009, the company scored 56 and 71 respectively.
