AAPL - page 4

Tim Cook gets lucrative reward for his success as Apple CEO

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Tim Cook interview
"And then I think I'll buy 7 iPhone XS Max units... and a mansion... and a private jet."
Photo: The David Rubenstein Show: Peer to Peer

Apple hit all its performance expectations this year — and CEO Tim Cook is being rewarded for that achievement.

According to a new Securities and Exchange Commission (SEC) filing, Cook has been awarded 560,000 restricted stock options. At present market prices, that equals around $115 million. Not a bad payday!

Apple stock could be in for a massive boost

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AAPL shakes trade fears
Apple stock has been trending upward throughout 2019.
Photo: CNBC

Apple stock could be about to make some impressive gains. Having been depressed as a result of concerns about possible China tariffs, analysts think it might be about to experience a big value increase.

Analysts for MKM Partners and Rockefeller Capital point out that Apple has weathered the 2019 storm impressively well. Gradually trending upward, if it’s able to maintain it’s momentum we could be in line for some big share price jumps.

Tim Cook makes massive donation to charity

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Tim Cook talks diversity, sustainability, and coming out as gay
"Don't worry, guys, I found my wallet!"
Photo: Apple

Tim Cook has donated more than $5 million worth of Apple shares to a charity, as revealed by a U.S. Securities and Exchange Commission filing posted this week.

Cook’s decision to give away 23,700 shares of AAPL stock comes one year after he made a similarly sized donation to charity. Apple’s CEO has said that he plans to give away his entire fortune, currently valued at around $625 million.

Apple readying up to 80 million iPhone 11 units for next month

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iPhone 11 Max on colorful background
Apple's got a whole heap of iPhones ready to unleash on customers.
Photo: Ian Fuchs/Cult of Mac

Apple is readying 75 million 80 million iPhones ahead of next month’s iPhone 11 launch, says Wedbush analyst Daniel Ives.

Despite some of his gloomier peers “yelling fire in a crowded theater” about Apple, he’s confident about Apple’s future. That’s even with the ongoing U.S. vs. China trade tensions looming menacingly in the background.

Trump’s iPhone tariff reprieve is great news for Apple investors

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Samsung wants to follow Apple in building a giant services business
Apple stock had a great day this week.
Photo: Mathieu Turle/Unsplash CC

Apple and its suppliers soared on the news that the iPhone would not be hit by tariffs in President Trump’s ongoing trade skirmish with China.

AAPL reached as high as $209.90 Tuesday. It started the day hovering around $200. That’s an increase of around 4.2%. Meanwhile, suppliers in Japan enjoyed a good trading day Wednesday. Some stocks jumped as up 6%.

Apple’s quarterly report will continue ‘flattening out’ of earnings

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European Commission could get even tougher on tech in 2020
Earnings are likely to remain flat.
Photo illustration: Ste Smith/Cult of Mac

My colleague Buster Hein described tomorrow’s Apple earnings call as the company’s “most boring” earnings report of the year. And it seems like analysts aren’t rushing to disagree with him.

Looking at analyst expectations for Tuesday shows that, overall, people have pretty low expectations. And that’s all part of a “flattening out” of Apple earnings.

Why Apple doom predictions could be good news

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quotes on Apple
At least, it's good news for investors -- according to Morgan Stanley.
Photo illustration: Cult of Mac

People sure love predicting doom and gloom for Apple — but that might actually turn out to be a good thing. At least, as far as investors are concerned.

According to Morgan Stanley analysts, Apple is way over-performing current negative perceptions about its business. And that’s going to pay off in spades when it comes to the next earnings announcement.

5G could make Apple a $1 trillion business again

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money
Judging from this reaction, the 5G iPhone will be a big one.
Photo: Ste Smith/Cult of Mac

Apple won’t get 5G iPhones until next year, but already it’s causing investment analysts to geek out on the hype.

In a new note to clients, an analyst for investment banking firm Raymond James raises the firm’s price estimate on Apple due to the next-gen connectivity technology. That’s despite the fact that he thinks this year’s iPhone refresh will be a disappointment.

Wall Street worries put the hurting on Apple’s suppliers too

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iPhone 8 Foxconn box
A whole lot of companies rely on Apple.
Photo: Feng

It’s not just Apple which relies on, well, Apple to make money. There’s a whole ecosystem of other companies orbiting the giant Cupertino sun, too. And they’re all affected by whatever news raises or lowers Apple’s share price.

That’s what took place this week when Wall Street’s latest wobble about Apple sent out shockwaves through the supply chain. As a result, a whole lot of companies which do business with Apple suffered their own sympathy stock declines.

Rally or not? Apple stock is at a ‘key technical juncture’

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AAPL stock
Should you be excited about Apple stock? This chart could tell you.
Image: CNBC

Apple shares increased 2% on Monday, buoyed by the news that the burgeoning trade war between China and the U.S. could be over.

In all, AAPL is up almost 30% for the year. But according to an equity strategist, what happens next could be crucially important. It’s either very good news for Apple, or very bad.

Jony Ive’s departure hardly dented Apple stock

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Jony Ive
Jony Ive designed many of Apple's most iconic products.
Photo: Vanity Fair/YouTube

With the exception of Tim Cook, Jony Ive is almost certainly the most famous person associated with the modern era of Apple.

As the iconic Brit designer known to millions for waxing lyrical in front of a white backdrop on Apple keynotes (and, you know, designing a whole bunch of insanely great products), he’s an Apple icon.

So what kind of impact did his newly announced departure have on Apple’s stock price? Maybe not as much as you might think.

Apple shares suffer worst month of 2019 so far

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Apple waives developer fees for nonprofits, others in 8 additional countries
This hasn't been a great few weeks for AAPL.
Photo: Ste Smith/Cult of Mac

Apple shares are having a rough time right now — but, don’t fear, investors simply think this is a great opportunity to invest.

Shares in AAPL are currently trading at $177.39. That’s down from a high of $211.75 at the start of May. It’s also way down from Apple’s all-time high of $233.47 in October. Unless things turn around in the next couple of days, that will mean Apple posting its worst month of 2019.

Apple regains No. 3 spot in this year’s Fortune 500 ranking

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European Commission could get even tougher on tech in 2020
Apple is worth a whole heap of cash.
Photo: Ste Smith/Cult of Mac

Apple comes in third on this year’s Fortune 500 list, a ranking of companies based on revenue.

Apple lagged behind Walmart and ExxonMobil in terms of revenue. However, it massively outperforms both in terms of profitability. Interestingly, No. 4 on the list — Warren Buffett’s Berkshire Hathaway firm — is also one of Apple’s biggest investors.

Apple share price hit by renewed China trade tensions

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Hong Kong police arrest smugglers with $1 million of iPhones and other devices
Proposed trade tariffs have had a big impact on Apple's share price.
Photo: Ed Hardy/Cult of Mac

Concerns about the U.S.’s trading relationship with China is hitting Apple shares.

AAPL’s share price has been steadily sliding since President Donald Trump took to Twitter to talk trading tariffs. It’s currently trading at $189.15, down from its high of $211.75 earlier this month.

Apple has spent at least $24 billion buying back its own shares this year

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Cash app with cash money
Apple isn't afraid to splash the cash on share buybacks.
Photo: Ian Fuchs/Cult of Mac

After slowing down on buying back shares in Q4 when they were cheap, Apple is once again ramping up its share repurchases.

In the first three months of 2019, Apple spent a massive $24 billion buying back its own shares. The board of directors has also added a further $75 billion to Apple’s share repurchase authorization.

Apple stock could be about to make a major rally

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money
AAPL could be headed straight to the top, baby!
Photo: Ste Smith/Cult of Mac

After crashing late last year, Apple stock has had a massive resurgence this year. Its next milestone to hit? Being on track to flash a so-called “golden cross” technical pattern.

This indicates the potential for a major rally. It takes place when a stock’s short-term moving average crosses above its long-term moving average. Golden crosses have recently appeared for Facebook, Amazon, Netflix, and Google parent company Alphabet.

Share buybacks mean that Apple hasn’t actually reclaimed $1 trillion crown

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European Commission could get even tougher on tech in 2020
There's still a bit more that Apple needs to do.
Photo: Ste Smith/Cult of Mac

Yesterday, numerous news outlets (including ourselves, based on data from Yahoo Finance) reported that Apple had reclaimed its $1 trillion crown.

However, a filing made late Wednesday reveals that Apple has not actually hit that milestone just yet. A company’s market cap is calculated by multiplying a company’s outstanding shares by the market price of one share. As a result of Apple’s continuing share buyback program, there are fewer outstanding shares available.

Apple is valued at $1 trillion once more

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Cash app with cash money
That sound you hear is glasses clinking in Cupertino!
Photo: Ian Fuchs/Cult of Mac

Apple has won back its hard-fought $1 trillion market cap, after share prices rose following yesterday’s earnings triumph.

AAPL is currently trading at $213.20, giving it a market cap of just over $1 trillion. Shares rose 6% in early morning trading. This is a particularly triumphant moment for Apple after its stock price temporarily tanked at the end of last year.

Buy! Buy! Gene Munster thinks Apple stock is poised to explode

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Tim Cook earnings apple
Investor thinks Apple stock will shoot up 70% in the next two years.
Illustration: Ste Smith/Cult of Mac

If you’re anything like me, you perennially feel like you missed the best time to invest in Apple stock.

In fact, if Loup Ventures analyst and investor Gene Munster is correct, this may be the perfect time to invest all your worldly possessions in AAPL. According to Munster, Apple stock is poised to rocket up 70% in the next two years. That would make Apple a $1.5 trillion company.

Despite negative headlines, Apple shares just keep going up

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Apple waives developer fees for nonprofits, others in 8 additional countries
AAPL is up 43% this year.
Photo: Ste Smith/Cult of Mac

Apple’s second quarter earnings are going to be down from the same quarter last year. But despite Apple continuing to bear the brunt of negative headlines, its stock price just keeps going up.

A new article from CNBC notes that Apple shares are up 43% since January. That’s pretty darn impressive for a company whose biggest product, the iPhone, may have seen the end of its major growth.

Apple expected to pass on some of its massive cash pile to investors

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Apple is worth more than the entire US energy sector combined
At least, according to Wells Fargo.
Photo: Ste Smith/Cult of Mac

Analysts at Wells Fargo think that Apple’s going to start handing some of its massive cash pile to investors by increasing its dividend.

Ahead of Apple’s Q2 earnings later this month, Wells Fargo suggests that Apple will be looking to pass on some of the money that it’s accrued in the U.S. through repatriation. The firm also thinks that Apple is going to raise the number of shares that it buys back.

Pair of lawsuits claim Apple mislead investors on falling iPhone sales

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shares
iPhone stock took a plunge earlier this year.
Photo: Buster Hein/Cult of Mac

Did Apple mislead investors by not coming clean sooner about the drop in iPhone sales? That’s what a pair of new class action lawsuits suggest.

The suits were filed by City of Roseville employees’ retirement fund and the Schall Law Firm, a national shareholder rights litigation firm. They allege that Apple made false or misleading statements that failed to properly disclose its iPhone sales stumble. This could, they suggest, amount to securities fraud.