Tim Cook
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Apple slides through its iPhone X event without any major surprises for Wall Street
We’ve noted before that Apple tends to follow a pretty consistent trend: the company has a big iPhone event, and the stock price doesn’t really do all that much because everyone knows what to expect. That was particularly true in today’s case, as we knew pretty much everything about both new iPhones — and it means that Apple was able to play out the story that it set… Read More
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Apple is bringing live sports to the Apple TV 4K
Apple today said it is bringing live sports to the new Apple TV 4K, though the details aren’t quite clear yet as to how it’s going to play out. The new Apple TV 4K has a dedicated sports tab that has every live and upcoming game, and as seasons change so will the sports tab. There will be scores, and the new TV app is available on the iPhone and iPad. Read More
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Apple hits an all-time high and is seemingly in striking distance of being a $1 trillion company
Apple had a semi-blowout quarter, sending the stock to an all-time high. The big jump means Apple is now a company worth more than $800 billion. It seemed not too long ago that Google might have a fair shot at being a bigger company than Apple when it comes to its market cap, but now Apple is on a steady march upwards. Which means the company may be a $1 trillion company before too long. Read More
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Apple is signaling a huge fourth quarter and Wall Street is loving it
Apple set its expectations for the fourth quarter above what Wall Street was looking for today in its earnings report — just in time for a huge iPhone launch coming up soon. Apple said it expected to generate between $49-52 billion in Q4. The midpoint of that falls above what Wall Street expected, and it alludes to a big quarter where Apple has traditionally unveiled a new iPhone. Read More
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Apple hits a speed bump in Q2 after its stock soared in the past year
Apple hit a little snag in the second quarter, falling slightly under what Wall Street expected in its earnings report — causing a slight drop after its stock has jumped massively in the past year. Apple shares up 3% after company beats earnings expectations
Apple’s latest quarter surpassed earnings expectations, sending the stock up about 3% in initial after-hours trading.
Its fiscal first quarter of 2017 saw record earnings of $3.36 per share, well above the $3.21 forecast by Wall Street. Revenue also beat, coming in at $78.4 billion, versus the $77.3 analysts were predicting.
Investors were pleased that the company sold 78.3 million… Read More
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Apple’s bulletproof Wall Street growth story came to a halt this year
This year was an interesting one for Apple — but not necessarily in a good way. iPhones aren’t selling the way they used to, the Apple Watch isn’t a big hit and Alphabet is emerging as a bigger and formidable competitor. And that has Wall Street asking some serious questions about Apple’s future. Read More
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Apple stays in school, donating 54,500 iPads to students and teachers
Ever since Steve Jobs brought the Apple II to the classroom, Apple has created and distributed tech to win over young users where they first learn about computers and coding, their schools. The company announced a continuation of that legacy today at a press event in San Francisco. There, CEO Tim Cook announced that Apple is donating an iPad and a Mac to 4,500 teachers, and iPads to more… Read More
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Tim Cook admits ‘prices are high’ for iPhones in India
Apple CEO Tim Cook made an uncharacteristic admission today in an interview with Indian news channel NDTV — that iPhones are too expensive. He immediately qualified it, and the context really is important, but it’s just one of those things you don’t hear very often. Why Apple’s stock fell off a cliff today
Apple took a more than $40 billion hit today after reporting its second-quarter earnings — and it was bleak. Shares of Apple were down more than 8 percent in extended trading at one point today. Things went about as poorly as you could expect: the company couldn’t hit revenue or earnings targets, iPhone sales fell off a cliff from the year-ago quarter and its third-quarter guidance… Read More
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