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Apple Becomes First U.S. Company to Hit $1.5 Trillion in Market Value

After a strong performance yesterday that pushed Apple’s stock price to another record high, shares are up over two percent again today. With today’s boost, Apple’s market capitalization has surpassed $1.5 trillion, making it the first U.S. company to reach that mark. Market capitalization is simply the share price multiplied by the number of outstanding […]

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Lawsuit Accusing Apple of Hiding Weakening iPhone Demand Prior to Early 2019 Revenue Warning Allowed to Proceed

U.S. federal judge Yvonne Gonzalez Rogers this week ruled that a class action lawsuit accusing Apple of fraudulently concealing weakening demand for iPhones between August 2017 and January 2019 can proceed in part, as reported by Reuters. In January 2019, Apple lowered its revenue guidance to $84 billion for the first quarter of its 2019 […]

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Apple’s Earnings Report Today to Reveal COVID-19’s Impact on iPhone Sales

Apple will report its financial results for the second quarter of its 2020 fiscal year at 1:30 p.m. Pacific Time today, providing a first look at how the company’s sales have been affected by the global health crisis. On February 17, Apple announced that it no longer expected to meet its March quarter revenue guidance […]

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Apple’s Stock Has Plunged Over 25% in Just Over One Month Amid Coronavirus Pandemic

New MacBook Air Possible as Early as Next Week Last March, MacRumors received an anonymous tip claiming that Apple would announce new iPad, iMac, and iPod models with three consecutive days of press releases the following week, and that information proved to be two-thirds accurate with new iPad Air and iPad mini models announced on […]

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Apple Stock Rebounded Monday to Record Biggest Single-Day Move in 11 Years

AAPL shares surged 9.3 percent on Monday as the U.S. stock market rebounded and Apple’s rating was upgraded by an analyst who said the company was more prepared than its competitors to absorb the impact of the coronavirus outbreak (via Reuters).Oppenheimer raised its rating on Apple stock from “outperform” to “perform”, arguing that the stock […]

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Apple Comments on iPadOS Future, Coronavirus, Apple TV+ and More at Shareholders Meeting

Apple’s annual shareholders meeting took place this morning at the Steve Jobs Theater on the Apple Park campus, and while most of the focus was on shareholder proposals, Apple executives in attendance did have a few interesting tidbits worth sharing.Shareholders meetings have limited space and shareholders need to register in advance to attend, but multiple […]

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Warren Buffett Sold Off $800 Million of AAPL Stock Last Quarter

Berkshire Hathaway sold $800 million in Apple stock over the last quarter, according to SEC filings published on Friday. Depending on when Warren Buffett’s real estate company sold the 3.7 million Apple stock, it will have earned between $806 million and nearly $1.1 billion.According to Business Insider, what might look like a massive sale is […]

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Apple Now Worth More Than Germany’s Entire DAX Stock Index

Apple’s shares jumped 2 percent today in after-market trading, following the company’s best reported quarter ever in terms of revenue and profit.The tech giant’s market capitalization has now grown to over $1.4 trillion, further cementing its place as the world’s most valuable tech company. Only the Saudi Aramco oil company is worth more. AAPL is […]

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Apple’s Services Revenue Hits New All-Time High of $12.5 Billion in Q4 2019

Apple’s services category, which includes iTunes, the App Store, the Mac App Store, Apple Music, Apple Pay, AppleCare, Apple Arcade, Apple News+ and more, is an important revenue driver for Apple amid flagging iPhone sales, leading Apple to focus more effort on its services category. In the fourth fiscal quarter of 2019, Apple’s services segment […]

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Apple’s Stock Sets New All-Time High

Apple shares are currently trading above the $234 mark on the intraday market, setting a new all-time high for the company. As noted by CNBC, the stock’s previous all-time high was $233.47 in October 2018. AAPL has surged nearly 10 percent over the past month, fueled in part by multiple reports indicating that iPhone 11 […]

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