Tag - Stock
The latest research note from UBS continues to rate Apple stock as a "buy" for investors. According to UBS analyst Steven Milunovich, in the vicinity of its current $98.83 trading price, there is very little foreseeable downside in buying into Apple stock. Furthermore, the analyst firm expects that it will continue to trade within the $95 to $105 range in the short to medium term. The UBS long-term price target for Apple currently stands at $115.
As previously mentioned, as far as most analysts are concerned, Apple only makes one product: the iPhone. The stock very clearly rises or falls based on that single metric, despite the fact that the company makes billions every quarter from other products and services -- the iPhone's popularity and staggering growth overshadow these factors, and at the least are seen as a leading indicator of how well Apple will be doing. Two new reports and related comments from analysts say that current speculation on Wall Street about a downturn in iPhone sales in 2016 could be off-base.
Apple CEO Tim Cook and the rest of the executive team have announced, in consultation with the Board of Directors, a new program that goes beyond the existing Employee Stock Purchase Plan currently available to all employee and optionally grants employees at all levels and areas of the company -- including non-executives and retail workers -- small amounts of Restricted Stock Units (RSUs), small stock grants intended to help retain the valuable workers.
Adobe has made other announcements at its MAX 2015 conference relating to its desktop apps, alongside its earlier mobile app updates. New additions to its Creative Cloud desktop tools are detailed by the company, as well as video support and new purchase options to the Adobe Stock content service, the launch of Adobe Portfolio to create portfolio websites, and changes to its Creative Cloud Photography plan. Outside of the conference, conflicting statements from Adobe employees suggest there is uncertainty about Metal being used in Mac versions of Creative Cloud apps.
[Updated with filing info for Eddy Cue] A pair of filings with the US Securities and Exchange Commission has revealed that Apple CEO Tim Cook and SVP of Internet Software and Services Eddy Cue have been awarded a total of 910,000 shares of AAPL stock for differing reasons. In the case of Cook, the company's performance relative to other companies in the S&P 500 over the last two years merited the award. The combined gross value of the stock is nearly $94 million at current prices.
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.
Apple's stock closed on Wednesday at a new all-time high, closing at $119.56 for the day, breaking the record set on November 26 when it closed at $119 even. The company, now valued at $696.41 billion -- more than a third more than the next most valuable publicly-traded company -- recently reported the best all-time quarterly revenue and profit of any company ever. The latest peak comes after a spike a week ago, following the results of the quarter.
Regulatory filings with the SEC have revealed that Apple spent another $5 billion during the June quarter as part of its share-repurchase program to retire an additional 58 million shares of stock at an average (split-adjusted) price of $85.23 per share, still well below the current trading average, and about the same price per share as well CEO Tim Cook first announced the buyback plan just over two years ago. The recent expenditure is less aggressive than seen in quarters where the share price was lower, signalling reduced buyback activity.
Video game developer Capcom may be left vulnerable to a stock buyout after shareholders failed to meet a majority number of votes to renew a takeover defense this week. Capcom first issued the takeover defense in 2008 to combat large-scale share purchases to gain a voice within the company. It was indicated that the company was looking to issue a renewal when it posted the 25-page plan in May.
With supplies of the iPhone 5s now seen to be on its way to meeting demand, Apple and its carrier partners are now facing a new issue - a potentially crippling shortage of the new Retina iPad mini, expected to be one of the top-selling Apple products this holiday season. While the Wi-Fi only version is not nearly as scarce, carriers expected to sell plenty of the cellular-capable versions - but are reporting minimal stock and long backorders already, suggesting Apple may have a hard time meeting Christmas demand.
Now AAPL Stock: 92.41 ( + 0.37 )
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE
French show carries on with iPhones
Following a prolonged power loss in a French TV studio, the crew was able to use a combination of limited studio lighting and a number of iPhones to continue taping the Saturday episode of talk show On n'est pas couché ("We're Still Awake"), using the resulting footage in the first edited episode. The Plus-model iPhones used for the impromptu shoot completion were either iPhone 6 Plusses (which shoot in 1080p) or 6s Plus models (which can shoot in 4K). The decision to use the iPhones to complete the show was made after a power outage at France 2's studio stretched to more than three hours. http://bit.ly/299wqDt
Scrivener for iOS to arrive in late July
For some long-time Scrivener users, to quote Paul Simon, "these are the days of miracle and wonders." As it marks its 10th anniversary in business, developer Keith Blount has announced that the long-awaited iOS version of his creative-writing tool Scrivener is to be submitted to the App Store, following strong praise from beta-testers. The program, expected in late July, will sell for $20 and work with both the iPad and iPhone. When we interviewed Blount last January, he added that Scrivener 3 for Mac would follow along shorty afterwards. http://bit.ly/2901XLE
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