Apple’s annual shareholders meeting is set to take place Friday, March 10 at 9:00 a.m. Pacific Time, according to an SEC filing released today. Those who want to attend, vote, and submit questions during the annual meeting can visit the virtual meeting website and enter a control number included in the Notice of Internet Availability […]
Read MoreApple shares are down around 4% today, resulting in the company’s valuation falling below $2 trillion for the first time since 2021. Apple’s stock is at its lowest price since June 2021 as concerns mount about iPhone supply constraints in China and weakening demand for its products due to persistently high inflation and a looming […]
Read MoreApple’s shares fell to an 18-month low this week amid iPhone supply issues and a broader downturn in the stock market. Apple’s stock closed at $126.04 on Wednesday to reach its lowest mark since June 2021, and still remains within that territory. Apple’s manufacturing partner Foxconn has faced iPhone production constraints due to COVID-19-related issues […]
Read MoreApple’s chief financial officer Luca Maestri sold 96,735 shares of Apple stock valued at around $16.9 million in two transactions completed on Wednesday, according to a filing with the U.S. Securities and Exchange Commission (SEC) released today. The transactions were made pursuant to a predetermined trading plan adopted by Maestri in November 2020, in accordance […]
Read MoreApple will be reporting its earnings results for the third quarter of the 2022 fiscal year on Thursday, July 28 at 1:30 p.m. Pacific Time. Apple will then host a conference call shortly afterwards to discuss the results. Keep reading for some key things to know about Apple’s third quarter, including analyst expectations for revenue […]
Read MoreApple today announced that it will report its earnings results for the third fiscal quarter (second calendar quarter) of 2022 on Thursday, July 28. The earnings report and subsequent call will provide insight into product performance in the period between March and June. Apple in April introduced the Mac Studio, Studio Display, iPad Air, and […]
Read MoreApple’s stock opened at $146.85 today and continues to trend downwards, with shares currently trading below the $143 mark in today’s session. Apple’s stock price has declined approximately 20% since closing at $178.44 on April 4. The stock market has experienced broader losses since the start of April, with the S&P 500 down around 13% […]
Read MoreApple has lost its position as the world’s most valuable company, after a broad sell-off of technology stocks and a rise in the price of oil. Apple stock fell by around 5% on Wednesday to $146.50, down nearly 20% since the start of the year. Apple’s market capitalization dropped to $2.37 trillion. Oil giant Saudi […]
Read MoreApple is set to report financial results for the second quarter of the 2022 fiscal year later today, and Wall Street is expecting record-breaking figures. On average, analysts forecast that Apple will set a new March quarter record for the company with revenue of $93.9 billion, according to Yahoo Finance. This revenue growth is expected […]
Read MoreApple now has over 1.8 billion active devices worldwide, a new record, Apple CEO Tim Cook said during today’s earnings call covering the first fiscal quarter of 2022. Apple’s active install base includes iPhone, iPod touch, iPad, Mac, Apple TV, and Apple Watch, and it has grown from 1.5 active billion devices in January 2020 […]
Read MoreApple faced significant supply constraints across all devices during the first fiscal quarter of 2022, but product supplies are expected to improve in the March quarter, Apple CEO Tim Cook told The Wall Street Journal ahead of today’s earnings call. “We saw supply constraints across most of our products,” Mr. Cook said in an interview […]
Read MoreApple today reported its earnings results for the fourth quarter of 2021, which corresponds with the first quarter of the 2022 fiscal year. Overall, Apple reported revenue of $123.9 billion, which is an all-time quarterly record for the company. On a category-by-category basis, Apple also set all-time quarterly revenue records for the iPhone, Mac, Wearables, […]
Read MoreApple will report its earnings results for the fourth quarter of 2021 on Thursday, and it could be the best quarter in the company’s history. Wall Street analysts on average estimate that Apple will report revenue of $118.3 billion for the quarter, which ran from late September through late December, according to Yahoo Finance. This […]
Read MoreApple’s annual shareholders meeting is set to take place Friday, March 4 at 9:00 a.m. Pacific Time, Apple said today in an SEC filing. Shareholders meetings are normally held in person at Apple Park, but this year’s meeting, like last year’s, will take place virtually and will be open to a greater number of shareholders […]
Read MoreApple today became the world’s first $3 trillion company based on market capitalization, which is the total value of all of the company’s outstanding shares. The milestone comes after Apple’s stock price rose over 40% in the last year. The impressive feat, which Apple achieved when its stock price reached the $182.86 mark, comes just […]
Read MoreDuring today’s earnings call for the fourth fiscal quarter of 2021, Apple CEO Tim Cook said that Apple is “working feverishly” to boost iPhone 13 supplies. Cook said that Apple feels “very very good” about where demand is at for the iPhone 13, in terms of sales compared to the iPhone 12. Supplies are constrained, […]
Read MoreApple’s revenue for the fourth fiscal quarter of 2021 came in under expectations, which Apple CEO Tim Cook said was caused by supply constraints on iPhones, iPads, and Macs. In an interview with CNBC, Cook said the supply issues cost Apple around $6 billion. “We had a very strong performance despite larger than expected supply […]
Read MoreApple’s stock closed at an all-time high price of $144.57 on Wednesday and continues to extend its gains this week, reaching a new intraday high above $145 in trading today. Apple shares have risen around 17% since the start of June. The stock market gains come ahead of Apple’s third quarter earnings results, which will […]
Read MoreMorgan Stanley analyst Katy Huberty today raised her services-related revenue forecast for Apple through the 2022 fiscal year. In a research note shared with MacRumors, Huberty said stronger licensing revenue is the primary driver of the raised estimates, including an acceleration in the search traffic-related payments Apple receives from Google. The New York Times last […]
Read MoreApple has announced that it will report its earnings results for the second quarter of the 2021 fiscal year on Wednesday, April 28. The earnings report should be released at 1:30 p.m. Pacific Time, followed by a conference call at 2:00 p.m. Pacific Time with Apple’s CEO Tim Cook and CFO Luca Maestri to discuss […]
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