Will Apple’s Oct. 29 earnings call bring another pandemic miracle?


Apple Q4 2020 earnings on Oct. 29: When it comes to Apple earnings, CEO Tim Cook seems to have a reality-distortion field of his own.
When it comes to Apple earnings, CEO Tim Cook seems to operate a reality distortion field of his own.
Photo illustration: Cult of Mac

When Apple holds its fiscal Q4 2020 earnings call on Oct. 29, can the company deliver another pandemic miracle?

We’ll all find out at 2 p.m. Pacific that day, when Apple live-streams its earnings call. (Actually, we’ll undoubtedly find out a half-hour earlier than that, when Cupertino issues its press release outlining its quarterly results).

Following last quarter’s record-setting results, Wall Street will be waiting with bated breath to see if Apple once again found a way to spin gold amid the economic disaster caused by COVID-19.

Apple CEO Tim Cook awarded first stock grant in nearly a decade


CEO Tim Cook photo via Fox Business
That's a reason to smile!
Photo: Fox Business

Tim Cook may well stay at the helm at Apple until at least 2025, according to SEC filings which detail the stock options that will vest in that time. Cook will receive 333,987 units of restricted stock options, vesting in thirds beginning April 1, 2023.

“For the first time in nearly a decade, we are awarding Tim a new stock grant that will vest over time in recognition of his outstanding leadership and with great optimism for Apple’s future as he carries these efforts forward,” Apple’s board of directors told Reuters.

Big tech analyst thinks Apple could hit $3 trillion in next couple of years


Money on Unsplash
That's a whole lot of cash.
Photo: Pepi Stojanovski/Unsplash

After seeming to defy the general COVID-19 downturn, tech stocks have taken a dip as of late. Loup Ventures’ tech analyst Gene Munster thinks there is going to be a split in future fortunes — with some soaring back up to previous highs and others, well, not.

Apple, he believes, is going to be a big winner. And from my calculations he thinks it could be just a couple of years from another major financial milestone.

Apple has lost more than $500 billion in market cap so far this month


Money on Unsplash
That's a whole lot of cash.
Photo: Pepi Stojanovski/Unsplash

Apple has lost more than $500 billion in market cap since the start of this month, CNBC reported over the weekend.

To put that figure in perspective, it’s slightly more than the market cap it took Apple its first 36 years of existence to climb to. (Apple only passed $500 billion in 2012, the year after Tim Cook took over as CEO.)

Today in Apple history: Apple stock smashes through $700 barrier


bull Wall Street
Like a bull in an ... Apple store?
Photo: Sam Valadi/Flickr CC

September 17: Today in Apple history: Apple stock smashes through $700 a share September 17, 2012: On the back of record iPhone 5 preorders of 2 million in 24 hours, Apple’s stock price hits a new all-time high. For the first time in history, AAPL breaks the $700 mark in after-hours trading. Passing the milestone cements Cupertino’s place as the world’s most valuable publicly traded company.

Amazingly, the new record is $270 a share higher than Apple at the start of the year. The stock rose 65% in just nine months.

Aramco oil giant overtakes Apple to become world’s most valuable public company


International governments plan to rethink tax rules for the ‘digital age’
Apple has dropped a few hundred billion in value recently.
Photo: Pixabay/Pexels CC

Apple is no longer the world’s most valuable public company after it was overtaken by Saudi oil company Aramco. Apple’s share price has dropped 17% since it peaked in early September.

Having passed the $2 trillion market cap milestone last month, Apple has now dropped to $1.915 trillion. Apple and Aramco are the only two companies in the world to to have achieved valuations of $2 trillion.

Apple stock keeps climbing after 4-to-1 split [Updated]


Let's see how this Apple stock split pans out.
Let's see how this Apple stock split pans out.
Photo: Markus Spiske/Unsplash CC

Apple shares shot up more than 3% Monday following a 4-for-1 stock split that took place after the market closed Friday.

This morning, every Apple shareholder who owned one share at Friday’s closing price of $499.23 owned four shares, each with one-quarter that value ($124.81). After soaring as high as $131 in trading Monday, AAPL closed at $129.04, up $4.23 (3.39%) for the day.

Apple shares could rocket even further in next 12 months


Apollo 11 wallpaper
It's a metaphor.
Photo: NASA

Apple shares could jump by more than a third in the next year, following next week’s 4-to-1 stock split, an analyst for social trading brokerage company eToro claims.

Alongside Tesla, which will undergo a 5-to-1 stock split on the same day, Adam Vettese suggests Apple’s stock split “could act as a tailwind” for the value of its shares.

For Apple, $2 trillion might be just the start [Cult of Mac Magazine 363]


Apple hits $2 trillion market cap and doesn't look back.
How high can AAPL stock go?
Cover: Leander Kahney/Cult of Mac

Apple’s brain-melting march beyond a $2 trillion market cap might be just the start. Find out how high AAPL stock might go (and why all this success might have Apple fans tired of winning).

Plus, we’ve got more Apple rumors, this time concerning a potential cheaper Apple Watch and more! And Epic Games unleashes yet another creative salvo in its battle royale with Apple. (Surprise, surprise — Cupertino fires back in court.)

You can read all these stories, plus plenty of Apple how-tos and product reviews, in this week’s free issue of Cult of Mac Magazine. Download it now!