Apple stock closed at a new 2013 high on Tuesday — rising 2.7 percent (or $15) over the course of the day to finish at $566.32.
For those keeping score, that’s the best close Apple’s stock has had since December 4, 2012, and means that the company is up by 6 percent so far this year — although still down on the $700 all time high which accompanied the iPhone 5.
If you’re looking for a way to get rich overnight, here’s an idea: somehow borrow $1 billion without anyone knowing what you’re doing, invest it all in Apple shares the night before an earnings call (when the stock price is all but guaranteed to rise), immediately sell the next morning, return the original capital, and then pocket the profit without anyone the wiser.
Sound too straightforward to be true? That’s because it is — although that didn’t stop 40 year old trader David Miller from trying the stunt back in 2012.
It’s not uncommon to see early versions of upcoming iOS and Mac releases pop up in server logs — we’ve seen occasional blips from iOS 7 and OS X 10.9 for a while now in our own server logs — but what is less common is actually looking over an iOS 7 beta tester’s shoulder and checking out what they’re interested in.
Yet that’s just what mobile site conversion company OnSwipe was able to do, analysing iOS 7 beta tester’s reading habits to get a better grip on what people at Apple are interested in.
Apple’s stock hasn’t been doing too well lately. While many analysts think the problem is that Apple hasn’t released any new products in months, Microsoft’s former COO thinks it’s more of a leadership problem.
In a recent article, former Microsoft COO, Bob Herbold claimed the problem with Apple is that it doesn’t have a visionary leader who is paranoid with details, so Apple’s totally going to start sucking like Microsoft pretty soon.
Andy Zaky has been one of the most famous independent Apple analysts for years. The self-taught, 33-year-old investor has offered some of the most wildly accurate predictions on Wall Street, and in the past he’s been pretty spot on with his bullish calls to buy AAPL stock.
But something happened to Apple’s stock value after hitting its September 2012 high of $700+ per share. It suddenly plummeted, and it has continued to decrease for the past 5-6 months. Speculation abounds, but no one has been able to pinpoint exactly why AAPL has been—and still is—taking such a beating.
As you can imagine, many investors have lost a lot of money betting on Apple’s success over the past several months, and morale is weakening on Wall Street. Zaky is one of the best examples of how incorrectly predicting Apple’s stock value can have grave consequences.
A New York judge has ruled in favor of David Einhorn’s Greenlight Capital and blocked an AAPL shareholder vote that would limit Apple’s ability to give preferred stock options to investors. The ruling comes after Greenlight held a meeting yesterday with shareholders to explain the ideas behind its “iPrefs” stock proposal.
Apple shareholders were scheduled to vote on limiting preferred stock next Wednesday, but a preliminary injunction has been granted that stops the vote from taking place.
Greenlight Capital’s David Einhorn is a very influential Wall Street investor who is going after Apple for proposing to allegedly eliminate preferred stock options from AAPL shareholders. Apple recently started issuing small dividends to investors, and preferred stock would entitle investors to fixed dividends instead of the fluctuating common-stock dividends.
Einhorn and Greenlight Capital will hold a conference call today with interested Apple investors to discuss their ideas on how Apple should use its massive cash pile.
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:
It’s hard to forget the day that Apple surpassed Exxon Mobil to become the most valuable publicly traded company in the world. But a lot has happened to Apple’s stock since August of 2011. AAPL has ridden a chaotic roller coaster on the stock market. After announcing a record holiday quarter Wednesday with $54.5 billion in revenue and $13.1 billion in profits, AAPL dropped more than 10%. That’s more than $50 billion in market cap gone in a day. Poof.
Apple’s stock isn’t doing so hot, and after over a year in second place, today marks the day that Exxon Mobil dethroned Apple on Wall Street.
And that’s ok. This doesn’t mean that the company is doomed.
Apple will announce its quarterly earnings for the 2012 holiday season tomorrow, and investors are nervous. The company’s stock has been on quite the roller coaster ride since its $700 high back in September 2012. AAPL is now trading right around $500, which is the lowest it has been in more than six months.
Recent reports have said that demand for products like the iPhone is faltering. That’s why it may come as a surprise that Wall Street expects Apple to have its best earnings report ever tomorrow. So is it a good time to sell AAPL? Now may actually be the best time to buy.
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.
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.
Apple just unleashed the iPhone 5 on China today so things should be going really well for the company on Wall Street as well, but they’re not. According to initial reports, the debut of the iPhone 5 has been somewhat muted thanks to a snowstorm hitting Beijing and a pre-order requirement to prevent rioting.
Adding to Apple’s pain, the company’s stock hit a 10-month low today and is trading at $511.58 – the lowest its been since February.
Longtime Apple executive Bob Mansfield just had a big pay day, according to a new filing with the U.S. Securities and Exchange Commission. Mansfield just cashed in 35,000 shares of Apple stock valued at $582.21 per share, earning him $20.37 million.
After announcing his retirement but then staying on at Apple to lead the company’s mysterious new “Technologies” group, Mansfield now reports directly to CEO Tim Cook. He’s just as instrumental to the company’s success as ever.
Apple’s revenues, profit, and cash hoard continues to grow. Even though the amount of profits Apple earned in Q4 2012 is down from Q3, their stash of cash has grown. Looking at Apple’s growth over the last 15 years, it’s incredible to see how Apple continues to grow like crazy.
When Tim Cook jumped on stage yesterday and ran through all the little statistics about how extremely successful Apple’s been over the last few months, he put some added emphasis on the fact that Apple just sold their 100 millionth iPad.
100 million iPads in just over two years is absolutely nuts. 100 million of any product sold in two years is insane. But it turns out that analysts weren’t thrilled that Apple just sold their 100 millionth iPad two weeks ago, because it means iPad sales are starting to decline when analysts were expecting them to sell more.
Apple stock has been climbing rapidly towards $700 per share since the iPhone 5 was announced Wednesday, September 12th. Now, less than a week after the announcement from Apple, AAPL has hit $700 in after hours trading, marking an all-time high.
Despite iPhone 5 naysayers, Apple remains the most valuable company in the world by a large margin.
Apple announced a $45 billion stock dividend and repurchase plan back in March, and the company starts paying its investors today, August 16th. $2.65 per share will be payed out for all owned shares of record as of Monday, August 13th.
Today marks the first dividend Apple has payed out since 1995. If you own Apple stock, you should see the payment deposited in your brokerage account before the day is over.
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.
If you want to know what we really think the next iPad is going to be like, you need to give episode 2 of The CultCast a listen. The Cultcast is the new Cult of Mac podcast and also happens to be the best 30 minute conversation you’ll hear about Apple all week long.
You likey? Subscribe to The CultCast right now in iTunes and hear us apply our keen senses of reason and logic to all the iPad 3 rumors you’re still not tired of hearing.
Good news for Apple shareholders: stock reached an all-time high during mid-day trading today, peaking at $427.75 per share. The last record was set in October of 2011 at $426.70 per share. Despite some slightly tumultuous times on Wall Street after Apple failed to meet analyst expectations with its fourth-quarter earnings report, Apple stock has continued to climb to new heights year after year. The company will announce its earnings from the first-quarter of 2012 (or the 2011 holiday season) on Tuesday, January 24th. Apple also released its proxy statement for 2012 to investors this afternoon, in which it is revealed that CEO Time Cook received a total of $376,180,000 in compensation for 2011.
After weeks of wild price swings, Apple’s stock closed today at its highest value ever, $420 a share. The previous high was about $413; many were expecting that value to fall tremendously when (my hero) Steve Jobs passed, but to much surprise Apple’s stock remained relatively unaffected by his passing.
The new high comes right before Apple’s Q4 FY11 earnings report and conference call next week (Tuesday, Oct. 18th). This will of course be their first earnings call since Steve Jobs’ passing, and though I think the report will be their usual “we made ALL the money we win” type, whatever success they have had will surely be sobered by the loss of their visionary CEO and friend Steve Jobs.
Thanks to the massive stock selloff today, Apple is within $16 billion of displacing Exxon Mobil as the the world’s most valuable company.
At market close, Exxon Mobil’s stock fell $3.88 (4.9 percent) giving it a market cap of $366 billion. Apple’s stock fell too, but only $15.20 (3.87 percent) for a market cap of $350 billion. That puts Apple within $16 billion of Exxon. Two weeks ago, the gap was $50 billion. Any day now…
Via NYT.
Tomorrow’s earnings call should be an upbeat affair, if AAPL’s latest results are anything to go by: Apple’s stock just reached an all time high of $373 a share, up about 2.5%, and the company now has a market cap of just short of $350Bn. Wow.
[via 9to5]
At the close of markets on Friday, Apple had a bigger market cap than Microsoft and Intel combined — the so-called Wintel alliance that almost buried Apple a decade ago.
Here’s how much Apple, Microsoft and Intel were worth on Wall Street at the end of the week:
