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September 5 - 2:45pm EDT
Shares of Apple stock have continued to drop for the past two weeks, ahead of Tuesday's "Let's Rock" iPod event. New Macs on the horizon may lift the stock in the months ahead however. Barron's reports that analysts are warning that the Sept. 9 event may be 'underwhelming', with a new iPod Nano and slightly redesigned iPod touch at a lower price-point. New Macs are not expected for the Sept. 9 event and investors have been unimpressed with the rumored iPod releases. [full story]
August 22 - 11:35am EDT
With the second big release push underway, Apple's total addressable market will increase by 78-percent from 370 million to 660 million, as it launches in 43 total countries by Friday. Analyst firm Piper Jaffray released a note on Friday claiming the above figures, with research providing a conservative estimate of 4.1 million iPhone units sold during the September quarter. Gene Munster, analyst for Piper Jaffray, maintains a buy rating on Apple stock, showing medium volatility. [full story]
July 31 - 8:00pm EDT
Analysts at Pingdom have recently compared the value of Apple's and Microsoft's stocks and noted that over the last five years Apple has seen its stock value grow exponentially. In comparison to its value in 2003, Apple's stock has grown by 1384-percent while competitor Microsoft has seen its stock drop by 2.45 percent over the last five years. These percentages are relative to the starting points the stocks faced five years ago but it is still notable that Microsoft's stock is almost worth the same now as it was five years ago. Apple's stock has seen significant growth and is almost worth 14 times what it was worth five years ago. According to the analyst show how ... [full story]
July 25 - 11:20pm EDT
Top Muffin has assembled a persistent listing of iPhone availability at Apple stores throughout the country using a statistical tracking system published by Apple. As of this writing, Top Muffin reveals that only 15 stores in the US are completely without iPhone stock, with the rest alleging stock of either the 8GB, 16GB White, and 16GB Black models. The three Manhattan flagship stores – West 14th, 5th Avenue, and SoHo – all show stock of all three models. [full story]
July 21 - 7:45pm EDT
Despite record setting earnings for the third quarter of 2008, Apple's stock is down sharply in after-hours trading. As of 4:45 PST, shares were hovering at $148.94, down $17.35 or 10.43 percent. Apple posted revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share for its fiscal 2008 third quarter ended June 28, 2008. In the best June quarter in its history, the company sold almost 2.5 million Macs, or a 41 percent increase from the year-ago quarter and over 11 million iPods. [full story]
June 24 - 6:50pm EDT
With concerns about Steve Jobs' health surfacing again after his gaunt appearance at Apple's World Wide Developers Conference earlier this month, Fortune has put together a list of 11 possible successors -- all of them from inside the company. While Apple has said Jobs made a complete recovery from a rare form of pancreatic cancer following surgery in 2004, it hasn’t stopped widespread speculation in the media, and may be impacting Apple’s stock price. So, it’s not surprising that even the old media financial press is asking who could fill Jobs' shoes. At the top of Fortune’s list: Jobs’ right-hand man Tim Cook, Apple's Chief Operating Officer. [full story]
May 16 - 3:55pm EDT
AT&T is allegedly reversing its position on limiting iPhone sales to one per customer, and returning to the company's former three-per-customer rule after finding sufficient stock of the device to do so. InformationWeek writes that the announcement only comes after one day of restricted sales, but AT&T is supposedly restricting sales of the iPhone to credit and debit card purchases. AT&T would not comment on inventory levels of the device. [full story]
April 3 - 7:55pm EDT
As Apple's stock of iPhones grows increasingly thin – an issue that reportedly initially surfaced in the company's New York retail stores – RBC Capital theorizes the shortage to be representative of unanticipated strong post-holiday sales of the device. According to Tech Trader Daily, analyst Mike Abramsky claims that a predicted slowdown should have occurred after the holiday season, but sales remained strong, which leaves Apple short-handed with its allegedly ramped down production scale. [full story]
February 29 - 4:40pm EST
Apple's cash reserve of $18.5 billion could benefit shareholders in a big way moving forward, according to BusinessWeekcolumnist Arik Hesseldahl. The cash amounts to $21 for each share of company stock, and Hesseldahl believes Apple should return some of that money to shareholders in the form of a buyback. "The time to buy back Apple stock is now," he writes. Shares are 40 percent below a historic high, and Wall Street is focusing on concerns that Apple will suffer as the economy slumps. [full story]
February 13 - 11:30pm EST
Yahoo CEO Jerry Yang today sent a letter to the company's stockholders in an attempt to reassure investors of its stance on the Microsoft deal. Yang claims that Yahoo is positioned to increase its value by around 60-percent by 2010, by emphasizing on its current business model. Citing the company's Panama search marketing system, Right Media buyer/seller meet-up service, and Blue Lithium marketing system, Yahoo is poised to grow its $2 billion in cash reserves to the double-digits by 2009. [full story]
February 12 - 11:00pm EST
After an ongoing civilized dispute between the two companies [1|2|3], a major Yahoo investor pleaded with Microsoft to raise its bid of $42 billion in an effort to stay the deal. In addition, the second-largest investor scorned Yahoo's pride, saying that they have few options left for a satisfactory buyout. According to Reuters, Bill Miller, the lead stock-picker for Legg Mason, assessed in a quarterly letter to investors Yahoo's true worth to be $40 per share, $9 more than Microsoft's original bid. [full story]
February 11 - 11:50pm EST
In response to Yahoo's open rejection of Microsoft's proposed buyout, Microsoft issued a statement countering Yahoo's claim that the offer was undervalued. The software giant said that shareholders on both sides would benefit greatly from the merger, and that a timely transaction would be "in the best interests of all parties". Microsoft also urged investors to consider the positive side of having a combined company, highlighting an "exciting set of solutions for customers," as well as a stronger online front. [full story]
February 11 - 4:30pm EST
Apple stock was subject to slight gains as Citigroup added the Cupertino-based company to it Top Picks Live list, which allowed the computer manufacturer to maintain a Buy rating, with a target of $212 per share. According to AppleInsider, shares of the company have been on a slight rollercoaster ride since its December peak of $199.83, taking a total hit of 37-percent since that time. Citigroup expects Apple's earnings per share will beat consensus by 10 cents, possibly more, for its predicted March quarter. [full story]