Warren Buffett stays high on Apple despite iPhone slump

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The Oracle of Omaha is still in love with AAPL.
The Oracle of Omaha is still in love with AAPL.
Photo: CNBC

Apple’s big pause in iPhone sales leading up to this year’s new models isn’t worrying one of the company’s biggest investors.

Berkshire Hathaway CEO Warren Buffett says he loves what Apple is doing with its buyback program for investors and even though sales are slow, the stock is still a great buy.

Liveblog: Just how good (or bad) was Apple’s Q2?

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Apple's money-making machine is on a new level.
Photo: Steve Smith

Apple’s cash pile heads for $250 billion milestone

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Apple raked in the cash last quarter.
Apple raked in the cash last quarter.
Photo: Jim Merithew/Cult of Mac

Apple’s second quarterly earnings report of 2017 will likely reveal the company now has over a quarter of a trillion dollars of cash stashed in the bank.

The iPhone-maker has so much cash its reserves exceed the foreign-currency reserves of the U.K. and Canada combined. During the last quarter of 2017, Apple’s money-making machine was earning $3.6 million per hour.

Apple will reveal Q2 2017 earnings on May 2

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Will Apple reach its own targets for Q2?
Will Apple reach its own targets for Q2?
Photo: Ste Smith/Cult of Mac

Apple has confirmed that it will reveal its Q2 2017 earnings during a conference call on May 2.

The company’s results for the second fiscal quarter of this year will reveal the state of demand for iPhone 7 almost eight months into its cycle, and whether there is still plenty of excitement for the new MacBook Pro.

Apple stock hits all-time high

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

It’s a great time to be an Apple shareholder.

Aided by a increased confidence rating from Goldman Sachs, Apple shares hit an all-time high today, with the price jumping to $133.76 per share before closing just above the company’s previous record of $132.54, set on May 17, 2015.

10 key takeaways from Apple’s historic earnings call

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Apple made a ton of money. What more do you need to know?
Photo: Ste Smith/Cult of Mac

Apple shatters records with blockbuster Q1 2017 earnings

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Tim Cook and Luca Maestri will reveal Apple's Q2 earnings.
Tim Cook is thrilled with Apple's Q1 2017 results.
Photo: Jim Merithew/Cult of Mac

Apple sold more iPhone units than ever before last quarter, a spasm of sales that finally returned the company to growth, as revealed today in Cupertino’s first earnings report of 2017.

With total revenues of $78.4 billion bringing in a profit of $17.9 billion, Apple CEO Tim Cook said he is “thrilled” with the results. Wall Street is happy, too: AAPL shares are trading up significantly in after-hours trading.