In a recent forecast by Brean Capital, Apple should ship 47 million iPhones during the September quarter while moving 72 million in the December quarter. Brean Capital’s analyst Ananda Baruah, also expects gross margins to land somewhere around 39.8% or 40.4%, although Wall Street calls for 39.3% and 39.8%.
Apple CEO Tim Cook and Senior Vice President Eddy Cue received two hefty RSUs (restricted stock units) of 560,000 and 350,000 respectively this week. The grand total combined was $93.8 million based on AAPL’s (Apple) closing price of $103.12 on Monday. Read more
Apple shares jumped nearly $10 after Apple CEO Tim Cook announced the recent $14 billion buyback program and hints at an entry into new markets. Read more
After dropping for most of the year following increasingly inflated highs of 2012, the price has now returned to the stock price at the beginning of the year. Read more
Apple began its massive share buyback program during their June quarter, starting with spending $16 billion for 36 million shares. Read more
The share price of Apple’s stock fell to its lowest point in over a year at the end of April thanks in part to short sellers taking an interest in the company. Read more
Citi, the analyst firm, says that Apple shares have fallen as far as they will and have nowhere to go but up.
Despite losing its key innovator and frontman Steve Jobs to cancer last year, Apple is continuing to truck on with high-end products and a pipeline of consumer ready ideas. After the launch of the iPhone 5 and with the iPad Mini rumored to be in the works, reports show that the company is doing better than ever. Read more
As some of you may already know, there have been forecasts that predict the iPhone 5 will boost the United States economy in the last quarter of 2012. The question is, how accurate are the numbers that were thrown out? Let’s look into how this release will truly affect the economy. Read more