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Qualcomm CEO hints Apple will switch to Intel for iPhone 7’s LTE chip

Bloomberg reports that Qualcomm shares have dropped after the company’s CEO hinted that its biggest customer could switch to a rival supplier for future orders. Reading between the lines, the speculation is that its biggest customer is Apple (Samsung is the only other company close to holding that title) and that a switch to Qualcomm’s rival means Apple’s is considering Intel for LTE modem chips in the iPhone 7:

more…


Filed under: AAPL Company, iOS Devices Tagged: Apple, Chips, Intel, iPhone 7, Layoffs, LTE, Modem, Qualcomm, stock

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Jordan Kahn

April 21st

Apple

Mac

Alphabet’s time at the top short-lived as Apple again becomes world’s most valuable company

Australia Apple Environment

Following the release of its Q4 earnings earlier this week, Alphabet saw it stock prices surge to upwards of $800, increasing by 8 percent thanks to its strong earnings report. This jump on Alphabet’s part caused the company’s market capitalization to increase as well, rising to over $540 billion. This increase meant that Alphabet surpassed Apple to become the world’s most valuable company. Two days later, however, Alphabet’s stock has fallen back down, giving the crown of the world’s most valuable company back to Apple.

At close today, Alphabet was trading at $726.95, a decrease of 4.93 percent compared to yesterday, giving it a market capitalization of $499.94 billion. Apple, on the other hand, increased by 1.98 percent and was trading at $96.35 at close, giving it a market capitalization of $534.22 billion.

Apple originally became the world’s most valuable company back in 2011 when it passed up Exonn Mobile.

Alphabet’s drop today can somewhat be attributed to an overall rough day for the tech sector. Tesla, Yahoo, Netflix, Amazon, and Alphabet all closed down compared to their previous day’s performance.

This likely won’t be the last time we see Apple and Alphabet flip-flop between carrying the title of the “world’s most valuable company,” but with earnings having already been reported for the most recent quarter and investors settling in, it could be a while before Alphabet is able to capture the title back. Things could vary, however, depending on how investors react to Apple’s announcements during its upcoming March event for the iPhone 5se, iPad Air 3, and new Apple Watch bands. 

Screen Shot 2016-02-03 at 6.46.42 PM

(Image: AP Photo/Rick Rycroft)


Filed under: AAPL Company Tagged: alphabet, Apple, Google, stock

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Chance Miller

February 3rd

Apple

Mac

Alphabet’s time at the top short-lived as Apple again becomes world’s most valuable company

Australia Apple Environment

Following the release of its Q4 earnings earlier this week, Alphabet saw it stock prices surge to upwards of $800, increasing by 8 percent thanks to its strong earnings report. This jump on Alphabet’s part caused the company’s market capitalization to increase as well, rising to over $540 billion. This increase meant that Alphabet surpassed Apple to become the world’s most valuable company. Two days later, however, Alphabet’s stock has fallen back down, giving the crown of the world’s most valuable company back to Apple.

At close today, Alphabet was trading at $726.95, a decrease of 4.93 percent compared to yesterday, giving it a market capitalization of $499.94 billion. Apple, on the other hand, increased by 1.98 percent and was trading at $96.35 at close, giving it a market capitalization of $534.22 billion.

Apple originally became the world’s most valuable company back in 2011 when it passed up Exonn Mobile.

Alphabet’s drop today can somewhat be attributed to an overall rough day for the tech sector. Tesla, Yahoo, Netflix, Amazon, and Alphabet all closed down compared to their previous day’s performance.

This likely won’t be the last time we see Apple and Alphabet flip-flop between carrying the title of the “world’s most valuable company,” but with earnings having already been reported for the most recent quarter and investors settling in, it could be a while before Alphabet is able to capture the title back. Things could vary, however, depending on how investors react to Apple’s announcements during its upcoming March event for the iPhone 5se, iPad Air 3, and new Apple Watch bands. 

Screen Shot 2016-02-03 at 6.46.42 PM

(Image: AP Photo/Rick Rycroft)


Filed under: AAPL Company Tagged: alphabet, Apple, Google, stock

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Chance Miller

February 3rd

Apple

Mac

Alphabet has surpassed Apple to become the most valuable company in the world

google

Alphabet’s just-released Q4 earnings has seen its stock price rise in after hours trading, resulting in the Mountain View-based company passing Apple to become the most valuable company in the world. The company’s market capitalization was $517.6 billion at close, and while the price is still fluctuating after hours, Alphabet’s market cap will be over $540 billion tomorrow if these prices hold…

At market’s close, GOOG Class C stock was trading at $752, but immediately shot up to $813, an 8% jump. It is currently trading just shy of $800. Apple has held the title of most valuable company in the world since overtaking Exxon Mobil in 2011. In the weeks leading up to earnings season, however, many speculated that Alphabet could take the mantle with strong earnings.

When the markets closed today, Google had $517.6 billion market capitalization while Apple was at $538.7 billion. With the after hours valuation of more than 540 billion, though, this marks the first time since 2010 that Google has passed Apple in market cap.

In its Q4 2015 fiscal report, the company reported revenue of $21.3 billion, up 18%. Net income for Q4 2015 was $3.97 billion. Of its total revenue, advertising consisted of right about $16.3 billion, with Google’s own websites accounting for about $12.4 billion. Advertising revenue is up 17 percent year over year, while that of Google’s own sites are up 20 percent year over year. Aggregate paid clicks rose 31 percent year over year, while cost-per-click rates fell 13 percent compared to Q4 of 2014.

Google CEO Sundar Pichai also noted during Alphabet’s earnings call that Gmail now has more than 1 billion active monthly users.

As part of the Alphabet reorganization, the company now reports earnings from the core Google business and its “Other Bet” companies. To learn more about the company’s earnings check out the livestream of the call happening now.


Filed under: AAPL Company Tagged: Apple, GOOG, Google, market cap, most valuable company, stock, valuable

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Stephen Hall

February 1st

Apple

Mac

Alphabet has surpassed Apple to become the most valuable company in the world

google

Alphabet’s just-released Q4 earnings has seen its stock price rise in after hours trading, resulting in the Mountain View-based company passing Apple to become the most valuable company in the world. The company’s market capitalization was $517.6 billion at close, and while the price is still fluctuating after hours, Alphabet’s market cap will be over $540 billion tomorrow if these prices hold…

At market’s close, GOOG Class C stock was trading at $752, but immediately shot up to $813, an 8% jump. It is currently trading just shy of $800. Apple has held the title of most valuable company in the world since overtaking Exxon Mobil in 2011. In the weeks leading up to earnings season, however, many speculated that Alphabet could take the mantle with strong earnings.

When the markets closed today, Google had $517.6 billion market capitalization while Apple was at $538.7 billion. With the after hours valuation of more than 540 billion, though, this marks the first time since 2010 that Google has passed Apple in market cap.

In its Q4 2015 fiscal report, the company reported revenue of $21.3 billion, up 18%. Net income for Q4 2015 was $3.97 billion. Of its total revenue, advertising consisted of right about $16.3 billion, with Google’s own websites accounting for about $12.4 billion. Advertising revenue is up 17 percent year over year, while that of Google’s own sites are up 20 percent year over year. Aggregate paid clicks rose 31 percent year over year, while cost-per-click rates fell 13 percent compared to Q4 of 2014.

Google CEO Sundar Pichai also noted during Alphabet’s earnings call that Gmail now has more than 1 billion active monthly users.

As part of the Alphabet reorganization, the company now reports earnings from the core Google business and its “Other Bet” companies. To learn more about the company’s earnings check out the livestream of the call happening now.


Filed under: AAPL Company Tagged: Apple, GOOG, Google, market cap, most valuable company, stock, valuable

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Stephen Hall

February 1st

Apple

Mac

GoPro Stock Drops 23% After Announcing Layoffs And Disappointing Q4 Guidance

gopro-earnings GoPro’s stock dropped 23.34% to 10.87 Wednesday afternoon after the company announced its Q4 was worse than expected. The stock was already trading at an all-time low. The stock briefly jumped to 11.20 before trading was halted. The company has a market cap of about $2 billion in after-hour values. This came after the company announced it expects fourth quarter revenue will be $435… Read More

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Matt Burns

January 13th

Gadgets

Tim Cook awarded $58M of Apple stock for performance & tenure achievements

tim-cook

As noted in a filing with the U.S. Securities and Exchange Commission today, Tim Cook on Monday was awarded 560,000 restricted Apple stock units. Cook was given these stocks as time and performance awards. At Apple’s stock price at the end of day Tuesday of $103.12, those stocks are worth roughly $57.5 million.

Cook chose not to sell any vested restricted stock units, although 290,836 were withheld by Apple to keep in line with minimum statutory tax withholding requirements.

In order for these restricted units to vest, Apple’s TSR performance had to fall in the top third of companies in the S&P 500. According to the SEC documents, Apple 76 percent TSR performance ranked 46th, meaning that Cook was awarded with the stocks. Had Apple not been ranked in the top third, the award would have been reduced by 50 percent if it were in the middle third, or to zero if it were in the bottom third.

There are still 4.76 million outstanding restricted stock units that are scheduled to vest in 700,000 unit increments in 2016 and 2021. Another 1.68 million will vest in six annual installments starting in 2016.

via Apple Insider


Filed under: AAPL Company Tagged: APPL, Apple, stock, Tim Cook

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Chance Miller

August 26th

Apple

Mac

Tim Cook’s email to Jim Cramer may have violated SEC rules, say lawyers

tim-cook

The email Apple CEO Tim Cook sent to CNBC analyst Jim Cramer, and which was read on the air, may have violated Securities and Exchange Commission regulations, according to lawyers speaking to MarketWatch. The regulations are designed to ensure that information that may impact a company’s share price is made available to the public in a fair and open way, rather than privately disclosed to particular individuals or entities.

Cook’s email revealed that the growth in iPhone activations “has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks” – information that Apple had not previously disclosed … 

“The SEC will undoubtedly want to take a look at this,” said Thomas Gorman, a partner at the law firm Dorsey & Whitney who defends companies and individuals facing SEC and other regulatory investigations. At the very least, the SEC will contact Apple to seek context for the disclosure, he said.

Bill Singer, another lawyer and owner of the BrokeAndBroker.com industry blog, agreed.

It constitutes a disclosure giving certain individuals the benefit before it was percolated by the rest of the public, during a fast-moving, extraordinary market.

The SEC declined to comment, and Apple also declined comment aside from confirming to MarketWatch that Cook sent the email.


Filed under: AAPL Company Tagged: AAPL, china, CNBC, Jim Cramer, MarketWatch, sec, stock, Tim Cook

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Ben Lovejoy

August 25th

Apple

Mac

Why is AAPL stock falling despite record sales, profits and cash?

aapl

The stock market can often seem an irrational place, and never more so than where AAPL is concerned. The company keeps reporting record sales, has typically out-performed analyst expectations, takes home almost the entire smartphone industry’s profits and has so much cash it scarcely knows what to do with it – yet its share price is falling.

AAPL stock has fallen more than 14% since April, wiping $113B from the company’s market valuation. It dropped 7% in the past month alone. That’s the equivalent of McDonalds vanishing into thin air. What gives? 

Bank of America Merrill Lynch today gave some insight into the thinking of investors when they sell the stock despite the company’s incredible financial performance. Downgrading the stock from Buy to Neutral, and lowering its target share price from $142 to $130, its analysts cited six reasons, reports Business Insider.

  1. They see a slowdown in revenue growth because iPhone sales are also slowing, and new products like Apple Watch and Apple Music are taking time to catch on.
  2. China now accounts for 25% of all iPhone sales, and it’s going to be hard to increase that share.
  3. The strong dollar will likely harm profits over the next few quarters, and profits are correlated to the stock price.
  4. Apple is not crushing earnings estimates like it used to, and so analysts may lower their expectations.
  5. The iPhone 6S and 6S+ (or what the upgrade to the iPhone 6 is oficially called), will include new features including force touch, but these won’t be enough to drive the stock meaningfully higher.
  6. The analysts don’t see incremental capital return announcements beyond those already announced for the near future.

There’s an additional technical reason behind the sell-off: the current AAPL stock price is lower than the 200-day moving average. What that means is that a share is worth less today than the average value over the past 200 days. This statistic is one that triggers some automatic selling, as it historically tends to suggest that the value is likely to continue to fall.

But as USA Today notes, Apple’s share price has done the same thing 17 times before, and always recovered. In fact, it typically recovers from this position in around a month.

The bottom-line is that investors have their own reality distortion field. They look not at the long-term prospects of the company, but at likely short-term fluctuations; at standard measures which don’t apply to Apple; and at the gap between short-term expectation and reality – even when those expectations were driven by the very same analysts concerned that Apple failed to hit them.

None of which is to say that Apple’s future success is assured. The Apple Watch will, I think, prove a slow-burn. Apple Music has met with very mixed reviews. The company is dependent on a very small number of products, with just one of them – the iPhone – responsible for the vast bulk of its profits.

There are risks to this – among them the fact that traditional smartphone contracts made annual or biennial upgrades appear ‘free.’ With contracts increasingly moving toward a model where smartphone financing is separated from usage tariffs, there’s the risk that people may decide to hold onto their existing models for an extra year or so. That could have huge implications.

But while Apple introduces new product lines rarely, its financial strength makes it better placed than any tech company in the world to do what it has always done: observe trends, figure out how to do the same thing better than everyone else and then proceed to make more money than any other company. That’s the long-term trend I see.


Filed under: AAPL Company Tagged: AAPL, AAPL share price, AAPL stock, aapl stock price, Apple Inc, iPhone, Share price, stock

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Ben Lovejoy

August 5th

Apple

Mac

Apple boosts capital return program, increasing dividend and share repurchase

Photo: huffpost.com

Photo: huffpost.com

Expanding upon its previously announced programs to return cash to investors, Apple today announced that it will use a total of $200 billion of cash by the end of March 2017 to fund the repurchase of Apple stock and the payment of dividends. The enhanced capital return program authorizes the purchase of an additional $50 billion of Apple shares, now totaling $140 billion, settles vesting restricted stock units, and increases Apple’s stock dividend by 11% to $0.52 per share. Apple’s dividend will be payable May 14, 2015 to shareholders holding Apple stock as of May 11, 2015.

Apple notes that it has already returned over $112 billion to shareholders, including $80 billion through repurchases of Apple stock. The program will be funded in part using domestic and international debt markets.

“We believe Apple has a bright future ahead, and the unprecedented size of our capital return program reflects that strong confidence,” said Tim Cook, Apple’s CEO. “While most of our program will focus on buying back shares, we know that the dividend is very important to many of our investors, so we’re raising it for the third time in less than three years.”


Filed under: AAPL Company Tagged: Apple, dividend, repurchase, stock

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Jeremy Horwitz

April 27th

Apple

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