All items tagged with "Wall Street"

Analysts Expect Apple To Announce Revenues Between $41 Billion And $43 Billion

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Apple will announce its second quarter financial results at 5 p.m. EST today, and this could be one of the company’s most interesting earnings calls for some time. Wall Street has been less than optimistic about the Cupertino company’s recent performance, and some believe that Apple will post its first quarter of negative growth income for over a decade.

But some analysts are a little more positive. According to averages put together by Yahoo! Finance, Apple is likely to announce revenue between $41 billion and $43 billion for the second quarter, with margins between 37.5% and 38.5%.

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Summing Up The Crazy: What Today’s Apple Quarterly Earnings Actually Means

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Today at 2PM Pacific/5PM Eastern, Apple will announces its 2013 first quarter earnings. Cult of Mac will, of course, be covering it live, but here’s a very brief primer of what to expect.

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Bullsh*t Rumor Claims Apple Could Be Looking To Replace Tim Cook

Going nowhere.

Going nowhere.

I’ve been writing for Cult of Mac for almost three years now, and in that time I’ve covered some pretty farfetched Apple rumors. But the latest from Forbes comes with a whole new level of crazy.

“Some Wall Street sources close to some Apple executives” say the Cupertino company could be searching for a replacement for Tim Cook, it claims, before suggesting Cook could turn Apple into another Hewlett-Packard or JC Penney and insisting “Apple’s shine has faded” since the passing of Steve Jobs.

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Why Wall Street Is Being Totally Idiotic About Apple’s Fortunes Right Now

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Earlier today, we reported that the Wall Street consensus was that Apple’s profit in this last quarter probably shrank for the first time in a decade, and that results will be even more dire next quarter, with iPhone sales units being extremely low.

But Wall Street’s pessimism in regards to Apple is, as usual, nuts. For Apple to perform as low as Wall Street thinks it will next quarter, Apple would have to show zero growth in the iPhone market compared to the same spring quarter a year ago. This would rank it as one of the smartphone industry’s worst disasters ever. Which is crazy, because Apple’s selling more iPhones than ever.

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Samsung Estimates Another Record Quarter Driven By Smartphone Sales

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Samsung has today announced its estimated earnings for Q1 2013, and it looks like the Korean electronics giant is set for another record quarter, exceeding Wall Street expectations. The company has forecast a 53% rise in profit to 8.7 trillion won ($7.7 billion) for the three-month period between January and March, driven by smartphone sales.

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Wall Street: Apple Will Post First Quarter Of Negative Income Compared To Year Ago In Ten Years

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The consensus on Wall Street seems to be unanimous: for the first time in decade, Apple will report lower income this quarter than it did the year before. But don’t panic: even Wall Street doesn’t think Apple’s era of profitability and innovation is at an end.

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Wall Street’s Nuts, Here’s Proof Apple’s Innovating As Fast As It Ever Has

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Wall Street has spent most of the last six months hyperventilating about the future of Apple, chomping at their fingernails and openly wondering if Apple is taking too long to innovate in the post-Jobs era.

Over at the Apple Gazette, Robin Parrish has put together a simple graphic, showing Apple’s historic product pillars. Essentially, if you add it all up, the average time between major product pillars for Apple is three years and ten months.

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Will Apple Split Stock At Tomorrow’s Shareholder’s Meeting?

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Rumors are swirling that Apple, a company which has been having a rocky time on Wall Street lately despite reporting their most profitable quarter ever, might announce a decision to issue a stock split tomorrow at their next shareholder meeting, to be held tomorrow.

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Why Apple Needs Its $137 Billion Cash Hoard

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Yesterday, there was a bit of a hub-bub about Apple’s enormous $137 billion cash hoard, after David Einhorn, the head of Greenlight Capital, sued Apple over a plan to discard preferred stock and pressed Apple to give a significant chunk of the cash hoard directly to investors. It was such a big deal that Apple felt as if it were forced to respond.

Is there a good reason for Apple to be keeping $137 billion in the bank? Yup, and if you want to know why, all you have to do is look at Dell.

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Apple Speaks Out: We Might Return Cash To Shareholders

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Apple has been treading lightly with Wall Street in recent months. The company’s stock has continued to nosedive despite reporting record earnings for the last quarter. Many investors have been urging Apple to do something with its $137 billion cash hoard. Shareholders want a return on their investments.

Greenlight Capital, a prominent and influential Apple investor, has called Apple out for its proposal to eliminate preferred stock. Apple started paying a quarterly dividend of $2.65 per share last year, but investors want something more substantial. Greenlight Capital’s David Einhorn believes that “preferred shares would be a way to reward investors without putting the company at risk.”

Apple has officially responded with a press release:

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