Apple shares gain $55 billion after glowing quarterly report

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Apple share price increased more than a dollar or two following a very strong quarterly earnings report.
Photo: Ste Smith/Cult of Mac

Investors rushed to buy Apple stock today, pushing the share price up almost 6 percent. That added a whopping $55 billion to the company’s market capitalization.

Apple is still a bit short of the much-hyped $1 trillion valuation, but moved noticeably closer today.

Amazon may beat Apple to become first $1 trillion company

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$1 trillion value
Apple is heading toward a $1 trillion market cap. But could Amazon get there first?
Photo: Pierre Marcel/Flickr CC

Apple’s market value will eventually top $1 trillion, but Amazon is evolving more and more as if it will get there first.

The gap has rapidly narrowed between the two company’s market values. Apple, always believed to be the first company to reach $1 trillion started out the year with stock valued 50 percent higher than Amazon’s.

That gap is now just 10 percent.

Bill Gates admits ‘Apple’s an amazing company’

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Bill Gates praises Apple
Bill Gates, who once headed Apple's arch rival, now has nothing but positive things to say about the company.
Screencap: CNBC

The co-founder of Microsoft joined the chorus of voices speaking positively about Apple today. Bill Gates’ relationship with Apple goes back to the very dawn of the company, and he and Steve Jobs were the best of frenemies.

Now that he’s a philanthropist rather the CEO of Microsoft he can speak openly about a former rival.

Apple is now Warren Buffett’s second biggest investment

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Warren Buffet is Apple's biggest investor.
Photo: CNBC

Warren Buffett doesn’t use an iPhone, yet it is one of the big reasons he invests so much money in Apple stock.

Buffett told CNBC on Monday that his Berkshire Hathaway Inc. bought more in Apple than any other stock over the last year, making it the second-biggest holding for the company.

Apple employees get big bonus thanks to Trump

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The iPhones will have cash flying out of your bank account.
Photo: Ste Smith/Cult of Mac

President Donald Trump’s new tax law is doing great things for Apple employees’ wallets.

Apple told employees today that it plans to give all of them $2,500 worth of restricted stock, thanks to the revised tax law that goes into effect this year.

Apple’s Q3 2017 earnings call to be held on August 1

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Apple is unimaginably profitable.
Photo: Ste Smith/Cult of Mac

Investors will get their next glimpse into how well iPhone sells are doing on August 1 when Apple reveals its Q3 earnings for 2017.

Apple updated its investor relations page today confirming the time and date of its next earnings call, which will include early sales of the new iPad Pro and MacBook Pros unveiled at the company’s Worldwide Developers Conference at the beginning of June.

Apple should be worth $1 trillion, Wall Street analyst claims

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One of the world's most undervalued stocks, apparently.
Photo: Ste Smith/Cult of Mac

Calling Apple one of “the most under-appreciated stocks in the world,” a Wall Street analyst says the company should be worth $1 trillion within the year.

Drexel Hamilton analyst Brian White gave AAPL a price target of $202, an increase of roughly 35 percent — and by far the highest Apple valuation on the books.

Apple shares reach new high as analyst predicts $200 price

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apple stock price
AAPL shares are on the rise.
Photo: Buster Hein/Cult of Mac

Share prices of Apple Inc. hit yet another record high during trading today, setting a new top mark of 143.80 by the time the market closed.

Apple shares were trading up nearly 3% on Tuesday thanks to an investor note from UBS analyst Steven Milunovich who predicts the stock price could shoot up past $200 in the next two to three years.