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.
Apple is cutting back on the purchasing of corporate bonds as it prepares to bring home overseas cash. Changes to tax laws in the United States mean Apple no longer needs to hold so much money in foreign countries. Alphabet and Oracle are also cutting back.
Apple has invested a substantial sum of cash in TrueDepth sensor maker Finisar.
The $390 million fund will allow for increased research and development spending, and high-volume production of vertical-cavity surface-emitting lasers (VCSELs). It will also allow Finisar to open a new production facility in Texas, creating more than 500 jobs.
Summer’s drawing to a close. But the deals rolling into the Cult of Mac Store are showing no signs of slowing. This week, we’ve got a guide cryptocurrency investing for beginners started in, and a digital marketing masterclass. Additionally, we’ve got a stereo pair of portable Bluetooth speakers, and a powerful but slim backup battery. Everything is massively discounted, some by more than 90 percent. Read on for more details:
AAPL shares closed at yet another all-time high on Tuesday, with a value of $136.68 — or an increase of 0.71 percent.
The previous closing record was set last Friday when Apple reached $135.72. Do you think Tim Cook ever gets bored of winning?
BlackRock, a.k.a. the world’s largest asset manager, has just made a massive investment in Apple, according to its latest Securities and Exchange Commission filing.
The firm upped its investment in Apple to a whopping 322 million shares, meaning that now owns the equivalent of 6.1 percent of Apple’s outstanding shares — with a current monetary value of $38.4 billion.
Issuing a global recall for the Galaxy Note 7 is going to cost Samsung even more money than it expected.
Samsung released a statement to investors today revealing that its fiery phablet will hurt overall profits for the next two fiscal quarters, costing the company a total of $5.3 billion.
Apple has invested $1 billion in Chinese Uber rival Didi Chuxing in a move that continues Apple’s push into China and confirms the company’s interest in shaking up the automotive industry.
According to Tim Cook, the deal “reflects our excitement about their growing business … and also our continued confidence in the long term in China’s economy.” Perhaps more importantly, it could give Apple strategic insights and competitive advantages when it comes to Apple Pay and a possible Apple Car.
Stocks have been getting crushed all year, but according to Goldman Sachs, now is the perfect time to starting betting on Apple options.
Goldman Sachs’ options team has pointed out that Apple options prices are especially low right now compared to the the S&P 500, making it a great target for purchasing a ‘straddle’, which could score investors a big payday if Apple shares move higher or lower than currently expected.
Straddle options work by allowing investors to purchase a bullish and bearish option on a stock so that they make money off the volatility of shares. It’s an advanced investment for most traders to make and it’s not cheap, but Susquehanna’s Stacey Gilbert explains that it’s cheap relative to volatility expectations for the overall market.
We can add another award to Apple’s long list, although the company might not be too happy to accept it: The iPhone maker’s stock lost the most value of any tech company this year.
The news comes out of a study from USA Today that reports a shocking average 14 percent decline in value from 462 tech companies. That drop resulted in total losses of $529 billion, but Cupertino is the lead horseman in this year’s stockpocalypse.
