Warren Buffett’s Berkshire Hathaway firm has massively increased its AAPL holdings, while ditching virtually all its IBM stock, showing how confident the super investor is of Apple’s immediate future.
Buffett’s firm increased its Apple holdings by 23.3 percent to 165.3 million shares, according to SEC filings. The firm took a dimmer view of IBM, however, and made the decision to drop a massive 94.5 percent of its holdings, leaving it with just 2.05 million shares.
Another Wall Street analyst has downgraded Apple shares, based on fears that iPhone demand is getting weaker. Atlantic Equities has lowered its rating on Apple from “overweight” to “neutral” on account of their predictions that Apple will be reporting disappointing sales for the March quarter.
“[We see] signs that iPhone demand is starting to soften, limited visibility into the potential for future iPhone cycles and emerging challenges to the smartphone’s dominance at the centre of consumer technology,” the firm wrote in a note to clients.
Kanye West is an Apple fan. So what better Christmas gift for him to buy his wife, Kim Kardashian, than AAPL stock?
Kardashian shared her surprising story online, saying that West gifted her the shares, alongside some Apple headphones, and some stock from other select companies including Amazon, Disney, and Netflix. While she didn’t share the exact amount, considering that AAPL is up 47 percent in 2017, that’s a pretty great gift!
With the exception of a few software-related blips, Apple has had an incredible 2017 — but its phenomenal run of success could be coming to an end, claims one analyst.
Nomura Instinet analyst Jeffrey Kvaal has lowered his recommendations concerning AAPL from “buy” to “neutral,” suggesting that the current share price adequately reflects iPhone X sales.
Another analyst has thrown his name into the hat by predicting that Apple will be the world’s first $1 trillion company within the next year.
Analyst Daniel Ives of GBH Insights suggests that AAPL could trade at between $210 and $230 at some point during the next 12 months. The top end of that range would put the share price at close to 35 percent more than it is currently trading at. And push it over the fabled $1 mark in the process!
Apple’s spectacular quarterly earnings, which had previously seemed like they’d be the calm before the iPhone X storm, have pushed Apple over the $900 billion valuation in pre-market trading, making it the first company in history to do so.
AAPL shares were marked 3.2 percent higher in after-hours trading, indicating a record high opening price of $173.49 for Friday.
Tim Cook may not always have seen eye to eye with President Donald Trump, but if a Trump policy could help push Apple toward a trillion dollar market cap that would surely help undo some of the bad blood.
This is exactly the scenario presented by analysts at RBC Capital Markets, who claim that Apple would stand to gain in a big way from the Trump administration’s planned U.S. tax changes — particularly tax deduction caps for interest expenses, tax rates on foreign profits, and a lowered repatriation tax.
August 20, 2012: Apple breaks records as it becomes the most valuable public company in human history.
When markets close, Apple’s market cap — the stock price multiplied by the number of outstanding shares — sits at an astonishing $623.5 billion. This beats the previous record of $618.9 billion set by Microsoft on December 30, 1999, at the height of the dot-com bubble.
Apple owns $52.6 billion in U.S. Treasury securities, ranking it above countries like Israel, Mexico, Australia and the Netherlands — and one of the top 25 “major foreign holders” of U.S. government debt, according to a new report.
U.S. Treasury securities, in the forms of bills, notes and bonds, are debt obligations of the U.S. government. In essence, it means that individuals are loaning money to the United States’ federal government in exchange for what amounts to the safest of investments.
Following its strong quarterly earnings call yesterday, AAPL stock has opened 6 percent up at $159 a share, representing a new all-time high valuation for Apple.
With a market cap of $830 billion, suddenly the proposed Wall Street valuation of 1 trillion dollars within the next year looks a whole lot more realistic! Why did we ever doubt it?
Fortune has ranked Apple as the no. 1 most profitable company in the world, with a massive $45.7 billion in 2016 profit on revenue of $215 billion.
By comparison, Walmart brought in $485 billion in revenue — but took “only” $13.6 billion in revenue.
Apple stock might be down slightly from its crazy record-breaking high earlier this year, but that’s not dampening Wall Street analyst Brian White’s belief that it’s just 12 months away from becoming the world’s first ever trillion dollar company.
In a research note to clients, White refers to Apple stock as one of the “most underappreciated stocks in the world.” We’re pretty certain that’s an invitation for people to buy!
Update: It seems the same technology glitch also caused AAPL prices to seemingly crash early this morning, with Yahoo Finance, Google Finance and MacOS widgets all showing incorrect prices.
We’re used to seeing the price of AAPL stock fluctuating based on even the flimsiest rumor, but this is something else entirely. Due to a glitch related to the way that Nasdaq stocks are listed on several major financial sites, AAPL shares appeared to quadruple in value following the closing bell on Monday.
While Apple fared well, however, other tech companies were less fortunate. The price of Amazon and Microsoft stocks appeared to lose more than half their value, while Alphabet and eBay shares were stuck at $123.47.
The stock market’s a funny place, eh? Just a couple of months after becoming the first company in history to break the $800 billion valuation mark, Apple now finds itself in the unusual position of having investors betting against it.
Short interest on Apple (meaning that investors are staking money on AAPL share prices falling) climbed by $1.3 billion over the past month. According to data compiled by S3 Partners, Apple is now the third most shorted company in the world — after Tesla and Alibaba.
Apple became the first $800 billion company in history this week, as stock rose to a record high yesterday.
In midday trading yesterday, Apple shares rose to $153.70 per share on the Nasdaq. With 5.21 billion shares outstanding, that briefly gave Apple an historic market cap of $801.37 billion.
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 is set to reveal its second quarterly earnings report of 2017 next Tuesday, and based on early estimates from analysts, Tim Cook might not have much to boast about.
Wall Street has been in love with Apple stock the last few months, sending it to all-time highs since the last earnings report came out. But with the holiday shopping season over and a lack of new products to boost sales, Apple’s numbers may look a bit flat.
These are the key areas to watch for:
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.
Shares of Apple Inc. started the week by climbing to a new all-time high today, closing at a record $141.46 per share.
Apple stock has been rising for weeks now thanks to a number of ringing endorsements from mega-investor Warren Buffet and Wall Street firm Morgan Stanley.
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.
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’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.
A day after Apple stock set a new all-time high mark, the company’s shares did it again, closing Wednesday at a new record.
At the end of trading today, AAPL closed up 0.37 percent at $137.11 per share, beating yesterday’s high of $136.68.
AAPL shares closed at yet another all-time high on Tuesday, with a value of $136.68 — or an increase of 0.71 percent.
The previous closing record was set last Friday when Apple reached $135.72. Do you think Tim Cook ever gets bored of winning?
This week on The CultCast: According to new reports, the iPhone 8 will get a huge makeover with an edge-to-edge screen, wireless charging, a huge battery and more. We’ll tell you everything we know. Plus: A 4K Apple TV is on the way; our favorite TV shows from days of yore; and the search for the perfect corn dog.
Our thanks to Squarespace for supporting this episode. It’s simple to accept Apple Pay and sell your wares with your very own Squarespace.com website. Enter offer code CultCast at checkout to get 10 percent off any hosting plan.