AAPL

By MacRumors Staff

AAPL Articles

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Apple 'Working Feverishly' to Improve iPhone 13 Supplies

Thursday October 28, 2021 3:41 pm PDT by
During 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, though, and Apple has not been able to meet demand. Initial supplies of...
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Supply Constraints Cost Apple $6 Billion in Q4 2021

Thursday October 28, 2021 2:51 pm PDT by
Apple'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 constraints, which we estimate to be around $6 billion," Cook told ...
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Apple's Stock Reached New All-Time Highs This Week

Friday July 9, 2021 11:21 am PDT by
Apple'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 be reported on July 27. Apple unveiled several new products during the...
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Apple's Search Engine Deal With Google Expected to Drive Services Revenue Growth Through 2022

Tuesday April 6, 2021 8:16 am PDT by
Morgan 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 year reported that...
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Apple to Report Q2 2021 Earnings Results on April 28

Wednesday March 31, 2021 9:00 am PDT by
Apple 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 the results in more detail. The earnings report will provide an overview of...
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Tim Cook Shares Details on Acquisitions, Future of Mac and More at Shareholders Meeting

Tuesday February 23, 2021 10:44 am PST by
Apple's annual shareholders meeting took place this morning in a virtual format, allowing shareholders to vote on proposals and submit questions to Apple executives. Apple does not typically reveal product info in shareholder meetings, and 2021 was no exception. Much of what was said was a recap of the Q1 earnings results and a reiteration of Apple's policies on privacy, the environment, and...
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Apple's Stock Closed at All-Time High Today Ahead of Earnings Results Next Week

Friday January 22, 2021 2:15 pm PST by
Apple's stock price closed at an all-time high of $139.07 today after reaching a new intraday record of $139.85 moments earlier. The gains come just five days before Apple is set to report its earnings results for the first quarter of the 2021 fiscal year. Many analysts forecast that Apple's quarterly revenue will exceed the $100 billion mark for the first time thanks to strong iPhone 12...
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Apple Forecasted to Report Record-Breaking Quarter Next Week With Revenue Topping $100 Billion

Thursday January 21, 2021 7:59 am PST by
Apple is set to report its earnings results for the first quarter of the 2021 fiscal year on Wednesday, January 27, and many analysts forecast that the company's quarterly revenue will exceed $100 billion for the first time. Apple's currently quarterly revenue record is $91.8 billion, set in the first quarter of the 2020 fiscal year. In an investor note shared with MacRumors, Monness Crespi...
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AAPL Opened at All-Time High, Shares Have Risen Nearly 150% Since Late March

Tuesday December 29, 2020 7:25 am PST by
Apple's stock opened at a new all-time high of $138.05 today, eclipsing the company's previous opening record of $137.59 set on September 2, 2020. However, the share price has since trended downwards slightly in intraday trading. Apple has seen its stock price rise nearly 150% since opening at a 2020 low of $57.02 in late March, a few weeks after COVID-19 was declared a pandemic by the World ...
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Apple to Announce Q4 2020 Earnings on October 29

Thursday October 1, 2020 5:38 pm PDT by
Apple today updated its investor relations page to announce that it will share its earnings results for the fourth fiscal quarter (third calendar quarter) of 2020 on Thursday, October 29. Fourth quarter earnings calls typically provide some insight into the early sales of new iPhones, but since this year's iPhones have been delayed until October, initial iPhone sales data will not factor...
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Apple Loses $2 Trillion Status Following Largest One-Day Loss in Market Value of Any Company Ever

Friday September 4, 2020 9:05 am PDT by
Following several months of explosive growth, Apple's stock came crashing down on Thursday, dropping around eight percent in a single day. It was the worst day of trading for technology stocks as a whole since March. Apple's market capitalization slid over $180 billion as a result of the sell-off, marking the largest one-day loss in value for any company ever, according to Barron's. The...
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Apple Shares Rise as Trading Begins Following Four-for-One Stock Split

Monday August 31, 2020 7:45 am PDT by
Apple's four-for-one stock split takes effect today, with the company's share price dropping from roughly $500 to around $125 as of the start of trading this morning. The strong rise in Apple's stock price over the past five months has continued today, with shares trading nearly 3% higher in the first few minutes of trading. Apple shares have pared their gains since then, but are still up...
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Apple's Share Price Soars Past the $500 Mark

Monday August 24, 2020 7:32 am PDT by
After becoming the first U.S. company to reach a market capitalization of $2 trillion last week, Apple's stock continues to soar as investors pour money into the company. Apple's stock officially opened this morning above the $500 mark, up another 3.5% to $515. Apple and other tech heavyweights have seen their share prices rise significantly since market lows in March, with Apple more than...
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Apple's Stock Approaching $500 Mark After Becoming $2T Company

Friday August 21, 2020 10:11 am PDT by
Just two days after becoming a $2 trillion company, Apple continues to experience impressive momentum on the stock market, with shares in the company rising around four percent in intraday trading as of writing. Apple's stock price is quickly closing in on the $500 mark and has more than doubled since bottoming out at $224 in late March. Despite the global health crisis, the company set a...
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Apple Shares Could Surge Another 27%, Says Wedbush Analyst

Friday August 21, 2020 9:16 am PDT by
After reaching a market value of two-trillion dollars earlier this week, Apple may yet surge by another 27 percent, according to Wedbush analyst Daniel Ives (via BusinessInsider). Ives believes that Apple has the potential to make further significant gains over the next year, even though the company has already hit the milestone two-trillion dollar valuation. He has classified Apple stocks ...
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Warren Buffett's Stake in Apple Approaching a Quarter of Berkshire Hathaway's Entire Market Value

Wednesday August 19, 2020 10:11 am PDT by
Warren Buffett's $113 billion stake in Apple is approaching a quarter of his investment firm Berkshire Hathaway's entire market value, according to Business Insider. Adding in Berkshire Hathaway's $147 billion in cash assets, Apple and cash represent over half of the firm's market value. Berkshire Hathaway held approximately $260 billion in cash and Apple stock at the last count,...
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Apple's Market Value Hits $2 Trillion

Wednesday August 19, 2020 8:56 am PDT by
Apple's stock price is continuing to surge, and has risen over one percent today to push the company past $2 trillion in market capitalization by surpassing the $467.77 mark and briefly topping $468. Apple is the first U.S. company to achieve that milestone. Just over two months ago, Apple became the first U.S. company to reach a market capitalization of $1.5 trillion, and Amazon and...
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Warren Buffett's Stake in Apple Tripled in Value to Over $100 Billion

Monday August 3, 2020 6:01 am PDT by
Investor Warren Buffett's stake in Apple has tripled in value to be worth over $100 billion, reports BusinessInsider. The Berkshire Hathaway CEO spent $35 billion to acquire 250 million Apple shares between 2016 and 2018, according to his 2019 shareholder letter. Buffett has since sold some of his Apple holdings, and at last count owned 245 million shares, worth more than $104 billion....
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Apple's Stock Price Officially Crosses the $400 Mark

Friday July 31, 2020 7:44 am PDT by
Following yesterday's strong earnings report, Apple's stock price has officially broken through the $400 mark in regular trading today, rising over 5% to sit at roughly $406. Apple's share price rose above $400 during after-hours trading yesterday following the earnings release, but now that the mark has been breached during regular trading, it's considered official as an intraday all-time...
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Apple to Announce Q3 2020 Earnings on July 30

Monday July 13, 2020 5:49 am PDT by
Apple has announced that it will report its earnings results for the third quarter of fiscal 2020 on Thursday, July 30. The quarter began on March 29, just over two weeks after the World Health Organization declared COVID-19 a global pandemic. Apple did not provide guidance for the quarter due to these uncertain times, but analysts expect the company to report revenue of $51.4B on average,...