Apple stock

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

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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 at the start of the year. Apple stock rose 65% in just nine months.

Today in Apple history: Steve Jobs gets embroiled in stock-backdating scandal

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Steve Jobs-inspired art
Steve Jobs' stock demands changed some people's view of the tech innovator.
Photo: Jason Mercier

August 29: Today in Apple history: Steve Jobs gets embroiled in Apple stock-backdating scandal August 29, 2001: During a meeting, Apple’s board of directors awards Steve Jobs new stock options that will become part of a stock-backdating scandal several years later.

When the matter eventually ends up in court, Apple’s former general counsel pays $2.2 million to settle charges that she backdated stock options for Jobs, herself and others — and created fake paperwork to hide this fact.

What to expect from Apple’s September event [The CultCast]

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The CultCast: Tim Cook can't wait to tell you how excited he is about the new Apple gear at the Apple event on September 7!
Tim Cook can't wait to tell you how excited he is about the new Apple gear!
Image: Cult of Mac/Apple

This week on Cult of Mac’s podcast: Looks like we have a date for the next big Apple event: Mark your calendars for September 7! We’re expecting iPhone 14 and Apple Watch Series 8 — which both sound awfully familiar — and hoping for something surprising.

Also on The CultCast:

  • Kim Kardashian’s “neutral colors” for Beats Fit Pro actually look pretty enticing. Who woulda guessed?
  • An Apple stock update from Erfon might leave you jealous if you sold in a panic.
  • Let’s drag Mark Zuckerberg for his pathetic metaverse avatar. Everyone else is!

Listen to this week’s episode of The CultCast in the Podcasts app or your favorite podcast app. (Be sure to subscribe and leave us a review if you like it!) Or watch the video livestream, embedded below.

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Apple stock sees 10th consecutive increase for first time in over a decade

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Apple stock sees 10th consecutive rise
AAPL keeps on climbing.
Image: Apple/Google

Apple’s share price was up 0.5% at the end of trading on Monday, marking a 10th consecutive increase for the first time in more than a decade.

That’s despite reports that indicate Apple has been forced to slash iPhone SE 3 orders due to weaker-than-expected demand. But one analyst says investors are more interested in the performance of iPhone 14 later this year.

Some employees get $200,000 bonuses as Apple again tries to retain them

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If you work in this building, you may have just gotten a little richer.
If you work in this building, you may have just gotten a little richer.
Photo: Apple

Apple is at it again, trying to retain top employees in a competitive marketplace by giving them big money. This time the Cupertino tech giant has handed out a round of special stock bonuses to a group of hardware and software engineers. The amounts range from $100,000 to $200,000.

Apple wins race to $3 trillion market cap

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Apple earnings blow past analysts’ estimates yet again
After growing steadily for years, Apple’s market capitalization passed the $3 trillion point.
Photo: Cult of Mac

Apple just became the first publicly traded U.S. company to be valued at a whopping $3 trillion. AAPL stock topped out at $182.88 a share Monday before dropping slightly, bringing the market cap back below the $3 trillion milestone.

It closed at $182.01, leaving Apple’s market cap at an astonishing $2.99 trillion. But it continued to climb once again in after-hours trading.

Apple tries to retain top employees with $180,000 stock bonuses

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International governments plan to rethink tax rules for the ‘digital age’
Some top Apple engineers got a Christmas present they can take to the bank.
Photo: Pixabay/Pexels CC

Competition for highly skilled engineers and programmers is fierce in Silicon Valley, and Apple’s answer is big bonuses for employees it really wants to hold on to. It reportedly rewarded some workers with up to $180,000 in company stock.

These were apparently unscheduled and not part of usual compensation packages.

Apple passes Microsoft to again become world’s most valuable company

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Apple money cash
Apple is back on top, with a valuation higher than Microsoft. And Google, too.
Photo: Cult of Mac

A sharp rise in Apple’s share price allowed the Mac-maker to regain the title of publicly traded company with the highest market capitalization n the world. It beat out Microsoft, who’d held the top spot for less than a month.

An unconfirmed report of Apple’s aggressive plans to make self-driving cars helped drive a 6% increase over the past week.

Tim Cook netted a cool $265 million from Apple in 2020

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Tim Cook earnings apple
Tim Cook is in 8th place on Bloomberg‘s list of highest paid CEOs and executives.
Illustration: Ste Smith/Cult of Mac

Apple CEO Tim Cook is one of the best paid U.S. executives according to a new report. He pulled in a whopping $265 million in 2020 from his salary, bonus, and stock awards.

But that’s chump change compared to what Elon Musk made.

Apple’s big plans for next-gen AirPods, plus our $100,000 AAPL investment update! [The CultCast]

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The CultCast 464: Big changes are coming to your beloved AirPods. Find out what in our free Apple podcast.
Big changes are coming to your beloved AirPods.
Photo: Cult of Mac/The CultCast

This week on The CultCast: Next-gen AirPods might bring massive changes — we’ll tell you what we know!Plus: The original HomePod remains absolutely outstanding, but the new Intercom feature needs work. And we’ve got another update on Erfon’s $100,000 AAPL stock investment!

The CultCast is now available in video! Or subscribe to our audio episodes if you don’t like our faces.

Before you buy your Apple Watch Series 6, catch our one-week reviews on The CultCast

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CultCast 433
Spoiler alert: We're loving Apple Watch Series 6!
Photo: @YSR50

This week on The CultCast: Don’t miss our one-week reviews of Apple Watch Series 6! We’ll tell you if it’s worth upgrading. Plus: Multiple sources are now confirming a second Apple hardware event coming October 13, where a new “iPhone 12 mini” may be announced — we’ll tell you what we know. And stick around for more Apple stock talk! Erfon reveals what his big investment is worth now, following this month’s depressing AAPL stock plummet, and we’re talking real numbers.

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We talk Epic Games suing Apple (and why they might win), plus Apple’s unstoppable stock price, on The CultCast

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CultCast 442: AirPods with health sensors
The Epic-Apple battle royale is on!
Image: The CultCast

This week on The CultCast: It’s a battle of the titans! Fortnite developer Epic Games takes Apple to court over its App Store policies, and the dev just might get its way. Plus: Apple and its stock hit another astonishing milestone; Jon Prosser was right — Apple has begun rebranding Beats; and Apple TV+ finally makes the move we’ve been waiting for: bundling premium channels for one low price.

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Apple hardware release dates leak, and why we’re going big on Apple stock, this week on The CultCast

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CultCast 442: AirPods with health sensors
Jon Prosser strikes again!
Image: The CultCast

This week on The CultCast: New Apple hardware is incoming, and thanks to a reliable leaker, we might know the release dates for iPhone 12, Apple Watch Series 6 and more. We’ll tell you what to expect. Plus, it’s Apple stock adventure, part 2! I talk about my massive Apple stock purchase, including how much I spent, why I’m buying in now, and how much my investment is now worth. We talk real numbers!

And if you’ve been thinking about getting a new Mac with the butterfly keyboard, don’t do it until you hear this episode, cause with COVID-19 shutdowns, keyboard repairs are now a total nightmare.

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Why we’re skipping the new iMac and buying Apple stock, this week on The CultCast

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CultCast 436: This week we talk iPhone SE 2, HomePod and the AirPower charging mat, resurrected!
Which makes a better investment, iMac or AAPL?
Photo: @YSR50

This week on The CultCast: The brand-new iMac may look the same, but it’s so powerful that video editors are gleefully buying two or three at a time — we’ll tell you everything that’s new.

But look, forget buying the shiny new iMac, and put your money in Apple stock instead! I’m going all in on AAPL. Find out why I’m about to dump a huge cash stockpile into Apple stock, and the cash value of my current investments. We’re talking real numbers here, people.

Our thanks to Squarespace for supporting this episode. Easily create a beautiful website all by yourself, at Squarespace.com/cultcast. Use offer code CultCast at checkout to get 10% off your first purchase of a website or domain.

Apple stock will split 4-to-1

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AAPL
Get ready for another stock split, Apple investors!
Photo: Buster Hein/Cult of Mac

Apple’s board of directors has approved a four-to-one stock split, the company said Thursday. AAPL stock, which closed Thursday at $384.76, should go for around $100 a share when the split occurs in late August.

The news, revealed in Apple’s blowout Q3 2020 earnings report, means investors with one share at close of business on Aug. 24 will be given three additional shares trading at one-fourth the price. It’s basically a psychological move that makes Apple stock seem more affordable.

Gates Foundation buys more than half a million Apple shares

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Bill Gates
Picture this guy investing in Apple. Stranger things have happened!
Photo: Fulvio Obregon

The Gates Foundation, the charitable organization belonging to Bill and Melinda Gates, snapped up more than half a million Apple shares during the first three months of 2020, a new report claims.

According to an SEC filing, reported by Smarter Analyst, the largest private foundation in the world purchased some 501,044 Apple shares in the first quarter of 2020. At present, AAPL is trading at $320.40, having made back the value it lost during the coronavirus pandemic.

Apple shares shoot up after Trump declares national emergency

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Apple Oriocenter 2
Finally, some good news for Apple this week.
Photo: Apple

President Trump’s declaration of a national emergency provided some much-needed relief to Apple’s stock price just before the market closed this afternoon.

Apple shares jumped up over $20 in value during the last 30 minutes of trading today, just after President Trump announced that the U.S. government will free up $50 billion in federal resources to combat the COVID-19 outbreak.

Boom or bust? 2020 Apple stock price predictions are all over the board

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Apple could be a $2 trillion company by end of 2021
2020 could finally bring us the iPhone upgrade supercycle investors have been dreaming of.
Photo: Ste Smith/Cult of Mac

One of the most bullish Apple analysts is predicting that the iPhone-maker’s stock price still has plenty of room to rise.

Apple shares hit an all-time high of $300 last week and currently trade just under that mark. In his latest note to investors, Wedbush analyst Daniel Ives is predicting huge gains for AAPL in 2020, but not all analysts are nearly as optimistic.

Google’s massive cash pile is now bigger than Apple’s

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Google
Apple's been spending cash lately while Google's been hoarding it.
Photo: Ed Hardy/Cult of Mac

Apple’s decade-long run as the company with the world’s largest cash pile has finally come to an end.

Financial paperwork filed by Apple and Google’s parent company Alphabet revealed that the search engine giant now has $15 billion more in the bank than the iPhone-maker does.

8 key details from Apple’s upbeat earnings report

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European Commission could get even tougher on tech in 2020
European Commission could get even tougher on tech in 2020
Image: Ste Smith/Cult of Mac

Apple unleashed its best-ever Q3 earnings report today, and traders subsequently sent the company’s stock soaring in after-hours trading.

Thanks to record-breaking revenue from its services business and strong growth from wearables, Apple is heading into its most important period of the year ready to cash in. Investors had plenty of questions for CEO Tim Cook and CFO Luca Maestri during today’s call. And the duo revealed some key tidbits we actually weren’t expecting.

Services fuel Apple to historic June quarter

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European Commission could get even tougher on tech in 2020
Apple shares are trading up on the good news.
Photo: Ste Smith/Cult of Mac

Record-breaking revenue put Apple right in line with Wall Street expectations as the company released its Q3 2019 earnings report today.

The iPhone-maker brought in $53.8 billion in revenue, a number within range of its own guidance and most analysts’ predictions. That set a new record for Apple third-quarter revenue — a slight gain from Q3 2018’s $53.3 billion. CEO Tim Cook touted the company’s subscription offerings for fueling the new all-time high.

Apple and suppliers suffer a bruising day on stock market

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money
AAPL is having a tough time right now. At least comparatively.
Photo illustration: Ste Smith/Cult of Mac

Apple stock took another plunge yesterday, finishing down 4.4 percent. The reason for the fall is continuing concerns about the iPhone, which have caused numerous analysts to downgrade their price targets for AAPL.

It’s not just Apple that’s being affected, either. The company’s suppliers have also been hit by fears about the future of iPhone sales. Multiple suppliers associated with Apple have seen their stock prices decline by up to 5 percent as a result.