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.

5 big questions heading into Apple’s first earnings report of 2020

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Earnings call
Apple's Q1 2020 earnings report will probably break some records.
Photo: Jim Merithew/Cult of Mac

Apple’s first earnings report of the decade is barely 24 hours away, and Wall Street is praying for another historic quarter.

After defying gravity for the last 12 months, Apple’s soaring stock price suffered its biggest single-day loss in more than six months today. Tuesday’s Q1 2020 earnings, which will cover sales from the 2019 holiday season, could provide the jolt AAPL shares need to start jumping up the charts again. However, certain hot topics — and what Apple says about them — could signal a downturn ahead.

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.

Activist shareholders push Apple on why it booted Hong Kong protest app

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Activist shareholders push Apple on why it booted Hong Kong protest app
Apple banned the HKmap.live app earlier this year.
Photo: Fredrik Rubensson/Flickr CC

Activist shareholders will use Apple’s annual meeting in 2020 to push Apple on why it removed a mapping app used by protesters in Hong Kong.

Beijing reportedly pressured Apple to remove the app from the App Store. At the time, Tim Cook defended Apple’s decision to pull the app after saying it had received “credible information” that the app was being used to help commit violence against individuals and property.

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.

Citigroup reportedly pulled out on Apple Card deal

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Apple Card
Apple Card might be the most consumer-friendly credit card ever.
Photo: Apple

One of Goldman Sachs’ biggest rivals pulled out on a deal that would have made it the bank backing Apple Card.

Citigroup reportedly was in advanced negotiations with Apple but pulled out of the Apple Card deal due to doubts that it will be profitable.

Apple breezes past Wall Street forecasts with $58 billion in revenue

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quotes on Apple
It's "Get a bag Tuesday" and Tim Cook is cashing in.
Photo: Cult of Mac

Apple revealed its Q2 2019 earnings report and despite some pessimism from analysts, the company managed to beat Wall Street’s expectations.

Revenue for the quarter came in at $58 billion, slightly above Apple’s own guidance to investors. Most of Wall Street analysts were predicting the company would only bring in between $54 billion to $57 billion for the quarter. Better yet, the company’s guidance for next quarter is stronger than expected, signifying that the doom-and-gloom may have been severely overstated.

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Apple is worth more than the entire US energy sector combined
Apple is worth more than the entire US energy sector combined
Photo: Ste Smith/Cult of Mac

Live blog: Apple gives investors first look at iPhone XS sales

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Apple earnings
Apple's Q2 earnings are expected to be a bit of a downer.
Photo: Ste Smith/Cult of Mac

Apple’s last earnings call of 2018 kicks off in an hour, and it’s shaping up to be the company’s biggest Q4 report ever.

Shares of Apple stock have been on an upward trend the last few days as investors eagerly await their first glimpse at iPhone XS sales figures. Apple CEO Tim Cook and CFO Luca Maestri are set to get on the phone with investors at 2 p.m. Pacific this afternoon. We’ll be right here live-blogging all the action with as much witty analysis as we can must.

Come join the fun!

5 things to watch for during Apple’s last earnings report of 2018

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Tim Cook earnings apple
Tim Cook likes his currency the old-fashioned way.
Illustration: Ste Smith/Cult of Mac

Hot on the heels of Tuesday’s big keynote, Apple is set to unleash its final earnings report of 2018 on Thursday, November 1. The report will give investors their first glimpse into how well the iPhone XS and iPhone XS Max are selling.

Apple shares are trading up again today after climbing Tuesday, signaling that Wall Street is pretty optimistic about Apple’s ability to rake in the cash. Tim Cook and Apple CFO Luca Maestri are set to get on the phone with investors at 2 p.m. Pacific today — and there are some key areas investors will be watching intensely.