Goldman Sachs has added its name to the list of financial institutions worried about stagnating iPhone sales.
“We are concerned that end demand for new iPhone models is deteriorating,” Goldman Sachs wrote in a new note to clients. The firm estimates that Apple will produce 6 percent fewer iPhones next year than it did in the year previous. However, the big investment banking company admits it could be jumping the gun.
Some Apple stats are pretty mind-boggling to get your head around, such as the fact that a modern midrange iMac Pro boasts 11x as many bytes of memory as every combined unit of the Apple II ever sold.
The latest insane factoid is a bit less positive, however. After a recent decline in Apple’s stock price, the company has lost more money in 5 weeks — $190 billion — than its accumulated value in its first 30 years as a public company. Wow!
There was a lot to be enthusiastic about from yesterday’s Apple earnings, but some investors are rattled by weaker-than-expected iPhone sales.
As a result, Apple’s valuation dipped below the $1 trillion mark for the first time since the company hit that milestone earlier this year. The slide could well continue in the early part of today.
When Apple passed the $1 trillion valuation earlier this year, you could be forgiven for thinking you’ve missed your chance to invest. Not so, claims tech Dan Ives of Wedbush Securities. According to the bullish Apple pundit, the company could see a massive 40 percent surge this year.
AAPL currently trades at $219. According to Ives, however, by this time next year you should be expecting it to trade at $310. Here’s why.
Apple’s massive, record-breaking $226.6 billion stock buyback is credited with helping drive the longest-running bull market in U.S. stock market history.
A bull market refers to a market in which share prices are rising, thereby encouraging buying. A new report credits eight companies — including Apple — who have engaged in massive share buybacks as being part-responsible for this 9.5-year bull run. Together, they have formed, “a solid backbone of the stock market’s continued growth.”
It wasn’t that long ago that Warren Buffett, probably the world’s most famous investor, said that he just didn’t get get Apple and wasn’t investing in it as a result.
To quote the late Biggie Smalls, “things done changed.” In a new interview with CNBC, coinciding with Buffett’s 88th birthday, the now-Apple-loving financial titan shared his thoughts on a number of topics — and you can bet that the iPhone was among them!
Apple may have pipped Amazon to the post by being the first company to hit $1 trillion (despite some predictions to the contrary), but Amazon has nothing but good things in its future.
According to a new report from MKM Partners, by 2024 — roughly five years from now — Amazon could be valued at a whopping $2.5 trillion. Amazon Web Services alone could, meanwhile, be valued at a whopping $1 trillion, approximately the same valuation Apple holds today.
Tim Cook is set to rake in around $120 million in Apple stock this week, thanks to another year well done as Apple CEO.
Cook will receive a maximum of $560,000 shares on Friday. This is split into two separate awards: 280,000 shares for his continuing service as Apple’s chief executive, and another 280,000 on condition that Apple’s stock market return over the past three years exceeds two-thirds of the other stocks in the S&P 500.
If a company made you $2.6 billion in a single day, you’d probably want to continue investing in it. That’s what Warren Buffett’s Berkshire Hathaway firm has done with Apple, according to its latest regulatory filing.
In the second quarter of 2018, Berkshire Hathaway boosted its stock in Apple by 5 percent, upping its holding from 239.6 million shares to 252 million. According to current valuation that means the firm’s Apple investment is worth around $47 billion.
For a person who famously said he doesn’t like to invest in tech stocks, Warren Buffett has done pretty well with Apple.
Following the company’s amazing quarterly earnings this week, Buffett’s shares in Apple have proven to be an insanely smart bet. How smart? Thanks to the 6 percent spike in Apple stock yesterday, Buffett’s Berkshire Hathaway firm likely made upward of $2.6 billion in a single day.
Apple reports its quarterly earnings later today, and while most people are optimistic, one analyst is throwing out a warning.
Referring to the so-called FAANG stocks of Facebook, Apple, Amazon, Netflix and Google, analyst Larry McDonald warns that the tech giants have the potential to lose more than a third of their value. Is this the time to quit AAPL while you’re ahead? McDonald says you might want to get the hell out of Dodge.
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.
Wall Street must have liked what it saw during Apple’s WWDC 2018 keynote this morning because the company’s stock has shot up to a new all-time high.
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.
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.
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.
Weeks of iPhone sales doom and gloom has done wonders for Apple’s stock price.
Shares of AAPL closed at an all-time high today thanks to the company’s historic Q2 earnings report that revealed the iPhone X is doing much better than the analysts expected.
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.
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!
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.
