Apple share price falls as iPhone component orders decline

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iphone x
Don't be quite so quick to judge, though!
Photo: Ste Smith/Cult of Mac

Apple has reportedly warned its supply chain of plans to cut 20 percent of new iPhone component orders. This news triggered a drop in Apple’s valuation, with shares falling 2.1 percent in U.S. pre-market trading.

Shares in Apple suppliers including AMS AG, Dialog Semiconductor, STMicroelectronics and Infineon Technologies also fell as a result of the news.

Services could push Apple past $1 trillion valuation in next year

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Apple could be about to make history!
Photo: Ste Smith/Cult of Mac

The giants of the financial world are firmly in Apple’s corner. First, mega investor Warren Buffett‘s company became Apple’s third-biggest public shareholder. Now investment titan Morgan Stanley has issued a note to clients, outlining why Apple is likely to pass a major financial milestone in the next year.

At time of writing, Apple is trading at $188.51. However, according to Morgan Stanley analyst Katy Huberty the stock has the potential to hit a price target of $214. Should it manage this feat, Apple will become the first company in history to surpass $1 trillion in market cap.

Déjà vu? Apple analyst remains down on ‘uninspiring’ iPhone X sales

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iphone
We were kidding last time, but this time Apple's really doomed. Seriously.
Photo: Ste Smith/Cult of Mac

If you thought last quarter’s record Apple earnings were enough to prove the doubters wrong… well, you’d be wrong.

According to a familiar sounding note from Nomura Instinet analyst Jeffrey Kvaal, iPhone sales aren’t inspiring, and Apple could be in for a disappointing next 12 months.

Panicked Apple investors shed stocks quickly during iPhone X scare

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Remember the iPhone X flop that never happened?
Photo: Ste Smith/Cult of Mac

Remember how Apple was doomed earlier this year, and how the iPhone X was a massive flop — only for Apple to pull out a record March quarter and prove everyone wrong? Well, it seems that a large number of folks took the Apple failure narrative pretty seriously.

According to a new report, during the first three months of this year, institutional investors reduced their holdings in Apple at a greater rate than any time since the 2008 financial crisis. In total, that added up to around 153 million shares sold.

Warren Buffett didn’t believe the iPhone X doom predictions

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Warren Buffett has bought more in Apple over the past year than any other stock.
Warren Buffett continues to sing Apple's praises.
Photo: CNBC

Analysts everywhere are trying to restore their Apple credibility after predicting doom for the iPhone X, only to be confronted with Apple’s best ever March quarter!

One person who apparently didn’t buy into the negative chatter about Apple? Renowned investor Warren Buffett. In the first quarter of 2018, Buffett’s Berkshire Hathaway firm shelled out for a massive 75 million AAPL shares. That joins the 165.3 million shares it owned at the end of last year.

Tim Cook vs. Steve Jobs: Who is Apple’s best CEO ever?

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And the winner for best Apple CEO is ...
Both great leaders, but who managed Apple better?
Photo illustration: Ste Smith/Cult of Mac

Steve Jobs was a mercurial genius with a singular knack for turning bright ideas into shiny new products. Tim Cook is an operations wizard who hammered Apple’s supply chain into a manufacturing powerhouse.

If you’re an Apple fan, you know the widely accepted narrative. You’ve heard the stories about these powerful CEOs and their various strengths and weaknesses. But who helmed Apple most successfully?

We put Cupertino’s most capable execs head-to-head to determine which Apple era was really the best. Get ready to settle things once and for all!

Today in Apple history: Apple market cap breezes by Walmart

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Apple was valued at $200 billion at the time.
Photo illustration: Ste Smith/Cult of Mac

March 12: Today in Apple history: Apple overtakes Walmart in value March 12, 2010: Apple passes Walmart and investment firm Berkshire Hathaway in value to take third place in market capitalization among publicly listed U.S. companies.

Apple’s valuation roars past $200 billion as a result of intense excitement over the first-generation iPad. Things look good for the company as it guns for powerhouses ExxonMobil and Microsoft.

Warren Buffett is betting even bigger on Apple

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One of the world's most legendary investors is doubling down on his Apple love.
Photo illustration: Ste Smith/Cult of Mac

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.