Apple Shares

Morgan Stanley Increases its Apple Price Target to $368 Per Share

In an analyst note published earlier today, Morgan Stanley has raised its price target for Apple from $296 per share to $368 per share, CNBC is reporting. While analysts at Nomura have also raised their AAPL price target to $280, they have cautioned that inflated iPhone 12 expectations “may make the music stop.” Questioning market enthusiasm...

Piper Jaffray Says Apple’s Stock Price May Rise Another 25%

Apple's shares saw a surge of nearly 2% at the beginning of this week, thanks to Raymond James analysts upping their price target to $280 citing stronger sales estimates for the company’s latest iPhone 11 lineup. However, Piper Jaffray’s Craig Johnson believes the Cupertino giant’s stock could rise another 25% (via CNBC News). “The trend looks great,”...

Apple Stock Hits a Three Month Low Amid Warnings from iPhone Suppliers

According to a new report by Reuters, at least three iPhone suppliers have issued warnings on results to Apple that suggest weakening iPhone sales, causing the company’s stock to hit a three month low today. Blaming foreign exchange costs and weakness in emerging markets like India, where customers are ditching iPhones for cheaper Chinese alternatives, Apple has...

Apple May Sell Bonds to Return Capital to Shareholders

According to a Bloomberg report, Apple is planning to sell bonds to return capital to its shareholders. The company is expected to sell the securities in as many as 10 parts, with the longest-dated bonds maturing in 30 years, claims the source. A person with knowledge of the matter told the publication that proceeds will also back...

Fund Managers Liking Apple Too Much May be a Problem for Investors

John Burnham, manager of the $136 million Burnham Fund who has a larger stake in Apple than any other diversified fund, and some other managers of so-called diversified funds like his, are too much devoted to Apple that it may become a problem for investors. Reuters reports that they want "more Apple than they can buy under self-imposed...

Apple Warns Shareholders Irish Tax Structure to Change

Apple has noted in its annual 10-K filing to the Securities and Exchange Commission that it could be subject to changes in its tax rates as new Irish tax legislation comes into effect. According to The Wall Street Journal, Apple has said in its filing that due to economic and political conditions, "tax rates in various jurisdictions may...

Steve Jobs Being Sued by One of Apple’s Shareholders

A court filing has today revealed that the estate of Apple’s late co-founder and CEO Steve Jobs is being sued by one of the company's shareholders, claiming that Apple misled investors and damaged the value of the company by "striking a controversial hiring agreement with other corporations”. As Patently Apple reports, court papers show that Apple violated...

Apple’s Top Executives Receive Stock Bonus Worth Over $19M Each

Six top Apple executives have been awarded 35,780 Restricted Stock Units (RSUs) each as bonus, according to a series of U.S. Securities and Exchange Commission filings yesterday, AppleInsider reports. The RSUs, which at current prices would net just over $19 million, are likely being issued by Apple as an incentive to keep the production levels high. Receiving the...

Carl Icahn Buys $500 Million More in Apple Shares

Earlier this morning Carl Icahn, an activist investor, revealed that he has purchased an additional $500 million in Apple shares. The announcement comes after Wall Street’s disappointment with the company's earnings report. Apple’s share price closed at $550 yesterday and fell as low as $503 at open this morning. Last week, Icahn announced his share...

Icahn Cuts his Apple Stock Buyback Demand from $150 Billion to $50 Billion

Billionaire investor Carl Icahn, has just cut his Apple stock buyback demand from $150 billion to $50 billion, while giving the Cupertino company a year to do it, Fortune is reporting. The famous American 'corporate raider’ submitted his proposal to Apple shareholders through a cover story titled "Master of the Universe” for TIME magazine. Icahn has said that his proposal to...

Tweets From A Billionaire Led To Immediate Spike In Apple’s Stock

Today, a couple of tweets by investor Carl Icahn made Apple's stock (AAPL) surge, pushing the share price north of $493 which had opened at $470. The billionaire said that he has a large stake in Apple and has discussed a larger buyback with Apple CEO Tim Cook today. According to FastCompany, his Tweets alone sent the shares up more than...