Tag - AAPL
Later today, Apple will posting its revenue and earnings for the company's fiscal second quarter of 2016, which ended on March 31. Following warnings from analysts and the company alike that 2016 would be a "tough compare" year following the iPhone 6 (since it was the first "phablet-sized" iPhone line, releasing much pent-up demand), the iPhone maker is expected to report its first year-over-year drop in revenues since 2003. Sales of the iPod, and later iPhone, buoyed the company's fortunes and pushed it to new quarterly records for the past 13 years.
According to a new filing with the Securities and Exchange Commission, Apple has awarded newly-named Senior Vice President of Hardware Technologies Johny Srouji was awarded just over 90,000 restricted stock units (RSUs) as a promotion bonus, currently valued at $9.8 million (based on the stock price of AAPL at the time of writing). In addition, Srouji -- a new name to the executive team, but previously the leader of the chip-development effort that led to Apple's in-house processors -- also has common stock holdings valued currently at around $11 million.
Apple CEO Tim Cook, who has previously demonstrated a fondness for CNBC stock showman Jim Cramer, sent the host an email that Cramer subsequently made public in which Cook reassures Cramer and his audience that current worries about the Chinese economy (which have taken a substantive toll on the entire stock market, including Apple's stock) are fleeting, and that Apple's growth in the country continues apace.
In a general report full of praise for Apple's smartphone performance and raising stock expectations, Canaccord Genuity analyst T. Michael Walkley has told clients that the sell-through -- as opposed to shipment figures as given by Android makers -- put Apple's iPhone as the top-selling model at all four major US carriers, accounting for half of all smartphone sales. Canaccord is also raising its stock target price for AAPL to $160, maintaining its "buy" rating, and raising earnings-per-share estimates.
A new SEC filing by Apple has revealed that CEO Tim Cook donated 50,000 shares of Apple stock to an unnamed organization, which if sold now would be worth more than $6.56 million. Cook donated the shares out of his personal holdings of AAPL, and was required to file an SEC Form 4 to disclose the transfer, but did not specify which charity has received the gift. Cook has tended to donate to social justice and LGBT organizations.
Although it is well-known that Apple is the world's most profitable and most highly-valued publicly-traded company, most of the public and even many investors are unaware that its market valuation of nearly $750 billion now puts it 75 percent of the way to world record that has been a dream of investors for decades: the world's first company valued at $1 trillion. A Virginia-based investment bank now believes Apple will reach that goal by 2016.
Two investment analyst firms, Barclays Capital and UBS, have issued their first predictions on the number of iPhones Apple is likely to sell in its fiscal second quarter, which concludes at the end of March. The firms disagree on the exact number of units, but are within 10 percent of each other, ranging from 54 million to 58 million units. UBS' Evidence Lab is predicting higher numbers, but Wall Street estimates remain conservative.
A number of analysts revised their expectations for Apple's stock last week -- only to watch those year-end estimates melt in the face of the stock's current performance, which ended trading on Monday at yet another all-time high of $133 per share. The combination of much better-than-expected sales in the holiday quarter and the increasing interest in Apple's other initiatives -- ranging from Apple Pay to forthcoming products like the Apple Watch and a possible-but-far-off car design -- has sent the stock skyrocketing.
In what has now started to become a routine occurrence, AAPL on Friday ended the week with a new all-time record high for its stock, as well as its market capitalization. The stock closed on Friday at a price of $129.49 per share, though it is down a nickel in after-hours trading at the time of this article. The market cap for the company now stands at $754.28 billion after the stock rose 0.81 percent on the day, compared to $710 billion just 10 days ago.
Thanks to both the recent record-shattering performance of the company as well as known forthcoming debuts, a number of analysts have recently revised their target goals for Apple stock. While pundits are clearly guessing on things like how well the Apple Watch or the next iPad revision will sell, the solid performance of the iPhone, rising Mac sales, and success of other foundational technologies give the company a likely bright future for 2015.
Now AAPL Stock: 93.4 ( -2.7 )
WhatsApp now handles over 100M calls daily
WhatsApp is celebrating that it is being used for over 100 million calls every day. In a brief notice, the Facebook-owned messaging platform advises the voice-calling feature it rolled out to its users last year now deals with an average of over 1,100 calls initiated per second. Earlier this year, it increased the security of its calls and other messages, by introducing end-to-end encryption on all platforms. http://bit.ly/292HqCX
Adele's '25' album now streaming
Recording artist Adele has "pulled a Kanye" after saying that her current album "25" would not be available for streaming. The seven-month-old record, which has yielded a number of hit singles, is now available for streaming on all the major streaming services, such as Apple Music and Spotify, as of today in most major markets, with worldwide distribution to come. Reportedly, the singer had demanded streaming be limited to paid subscribers -- a condition that has hurt some streamers with artists, who aren't paid royalties for free or trial listens . Apple pays performers its normal royalty rates during its free trial, avoiding the issue -- and having repeated success in both signing up exclusives and placing those exclusives into the top of the charts. http://ti.me/28U7NOu
SanDisk iXpand case has battery, storage
A new iPhone 6 and iPhone 6s case from SanDisk appears to be the "holy grail" of accessories: a stylish and protective case that offers both extra storage as well as the option of extra battery power as well. The iXpand Memory case offers either 32GB, 64GB, or 128GB of additional storage incorporated into the case, and an optional add-on battery pack (sold separately) adds up to an extra day or more of charge. Through the associated iXpand app, camera photos and videos can be automatically stored on the extra storage, optionally password-protected, The cost for the case is (in order of storage capacity) $60, $100, and $130. The battery pack's release data has not yet been announced, but the add-on should retail for an additional $30. http://bit.ly/291epHu
Fifth Hong Kong store to open June 30
The 46th official Apple store in what the company calls the "Greater China" region will open at 10AM local time in Hong Kong's New Town Plaza in the Sha Tin district on Thursday, June 30, according to a new page on Apple's retail website. Despite slowing growth due to economic turmoil in China, the country is still Apple's fastest-growing market. The new story will be the fifth for Hong Kong, a lucrative market for Apple thanks to the high concentration of wealth there and a thriving "gray" market. Normal store hours for the new store will be 10AM to 10PM every day. http://apple.co/291diaT
Apple Music bug bites very short songs
There appears to be a reproducible bug in the current version of iTunes -- version 12.4.1, running on OS X 10.11.5, both the current non-beta versions of the respective software -- that causes a streamed song to become "stuck" in endless buffering if the streamed item just before this happened was 60 seconds or less in length. The problem appears to stem from code in iTunes that signals the next track to start downloading one minute before the currently-playing track is done, and thus songs shorter than one minute don't trigger the download. Locally-stored music is unaffected by the bug, and the problem does not appear to exist in either the macOS Sierra developer beta or versions of iTunes earlier than 12.4, and does not affect the iOS Music app at all. http://bit.ly/291cN0l
Walmart Pay expands to 15 states
Walmart, one of the key progenitors of the failed CurrentC mobile payment system that was distinguished from Apple Pay by its ability to collect and share customer financial and buying data among its participants, has expanded the soft rollout of its alternative solution "Walmart Pay" to an additional 15 US states following a pilot program in Arkansas and Texas last month. Walmart continues to resist adding Apple Pay. The system, built into the Walmart app for iOS and Android, works with a complicated system of the camera scanning a purchase code at the register, then generating a QR code which is then scanned by the register. The system is available now in Alabama, Georgia, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, South Carolina, South Dakota, Tennessee, Virginia, and Washington, DC. http://apple.co/28SqZfu
Amazon refreshes entry-level Kindle
Amazon has added a new Kindle to its ebook reader range, one that is thinner and lighter than the previous entry-level model. Offering a six-inch 167-dpi touchscreen display, a doubled 4GB of storage, and an option for a white casing, the new model also adds in the ability to export highlights and notes to an email account as a PDF. Two versions of the all-new Kindle are available, priced at $80 including "Special Offers" and $100 without. http://amzn.to/28Q4c3R