Stock
Apple’s Stock Goes Negative For The Year After Falling 4%
On Friday there was a burst of negative sentiment about Apple that left their stock down 4 percent after the market closed. In their earnings update this morning, Taiwan Semiconductor Manufacturing said that they are expecting weak demand from the mobile sector in the coming quarter. Following their quarterly earnings update, Morgan Stanley predicted that...
Analyst’s Apple Warning Crashes Dialog Semiconductor Stock
Following a research note by Karsten Iltgen, an analyst at Bankhaus Lampe, in which he warned that Apple may cut back on the use of Dialog Semiconductor Plc’s power-management chips, the company’s shares plunged as much as 36%, Bloomberg reports. “There is strong evidence that Apple is developing its own power-management integrated circuits and intends to replace the chip...
Snap Opens IPO with Larger Market Cap Than These 17 Companies
Snap Inc. officially started trading today with an opening price of $24 per share, which was higher than the initially reported $17 per share. Based on the opening price, the market capitalization (value of total outstanding shares) of Snap Inc. increased to $33 billion. Early investors in the company are better that Snap will be...
Warren Buffet’s Berkshire Hathaway Nearly Quadrupled its Stake in Apple
During the fourth quarter of 2016, investor Warren Buffet bet big on Apple. A filing with the U.S. Securities and Exchange Commission (SEC) today reveals that Berkshire Hathaway now owns more than 57 million shares of the Cupertino-based tech giant. Buffet nearly quadrupled his stake in the tech giant over the last three months of 2016, ending...
Apple Stock Hits Record High of $133.29, Market Value of $700 Billion
At the close of the market on Monday, Apple hit an all-time high of $133.29, breaking the previous record set on May 22, 2015, with market capitalization again flirting with $700 billion. The latest quarterly earnings report was led by the debut of the iPhone 7 and services revenue. Last quarter was a record-setting quarter...
Apple CEO Tim Cook Sells $36 Million in Stock
On Friday, a Securities and Exchange Commission (SEC) filing revealed that Apple CEO Tim Cook received 1.26 million shares of Apple stock, valued around $135 million. The shares of Apple stock were restricted stock units (RSUs), which fully vested on Wednesday, that Cook gained over five years of success as Apple CEO. According to the documents...
Apple Shares Have Rebounded Ever Since Warren Buffett’s Stake was Revealed
Apple is currently trading above $100 again, following the sudden drop which saw the company's stock price fall 13.4% between late April and May 12 after those "disappointing" numbers. Fact is, Apple's sales were down – for the first time in 13 years. Things apparently changed, however, when Warren Buffett, "the Oracle of Omaha", made...
Apple CEO Tim Cook Announces New Restricted Stock Unit Program For All Employees
Today, Apple CEO Tim Cook has informed all of his employees of a new stock incentive program, which will see Apple making all of its employees eligible to earn Restricted Stock Units (RSUs). Prior to the announcement, RSUs were generally only given to top Apple management and people from the product teams in order to...
Apple is Now Worth More Than The Entire Russian Stock Market
Yesterday, Apple (AAPL) shares closed at an all-time high putting the company’s market cap at around $662 billion. According to a report from Bloomberg, Apple is now worth more than the entire Russian stock market. Russia holds the 20th largest major market in the world and was surpassed by the iPhone manufacturer yesterday. “If you...
Apple Allegedly Preparing Investor Call Today to Discuss New Bond Offering
Apple is reportedly preparing an investor call today as the company is eyeing a bond sale, people familiar with the matter told the Wall Street Journal. Apple could follow the model of other US companies, which took advantage of the region’s record low borrowing costs start issuing bonds in Euros as well. Deutsche Bank and...
Apple’s Q2 2014 Earnings Call To Take Place On April 23
Today, Apple has updated its investor relations page to note that the company will announce its earnings for Q2 FY14 on Wednesday, April 23. The conference call, scheduled for 5:00pm EST / 2:00pm PST will follow the earnings release which is typically released after stock trading closes around 4:30pm EST. The earnings release will take...