AAPL
By MacRumors Staff
AAPL Articles
Apple's New Hardware Chief Johny Srouji Awarded Nearly $10 Million in Stock
Apple's newly promoted Senior Vice President of Hardware Technologies Johny Srouji was awarded 90,270 restricted stock units on October 5, 2015, according to a recent filing with the U.S. Securities and Exchange Commission. The RSUs awarded vest 12.5% in semi-annual installments over a four year period ending October 2019.
Srouji now has a total of 217,305 RSUs and 101,881 common stock units,...
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Tim Cook and Eddy Cue Receive Combined $94 Million in Apple Stock
Apple CEO Tim Cook and Senior Vice President Eddy Cue received 560,000 and 350,000 restricted stock units respectively this week, worth a combined $93.8 million based on AAPL's closing price of $103.12 on Monday, according to a pair of filings with the U.S. Securities and Exchange Commission.
Tim Cook and Eddy Cue at an Apple Store in 2014 (Image: Bloomberg)
Cook was awarded with 280,000...
Apple Shares Drop Below $100 Amid Wider Stock Market Downturn [Updated]
Apple shares dipped below $100 in pre-market trading today amid a wider Dow Jones and stock market downturn, with AAPL fluctuating around the $98-$100 mark prior to the Nasdaq and New York Stock Exchange opening bell at 9:30 AM Eastern. Apple shares last dropped below $100 in October 2014, four months after opening at $92.69 following a 7-for-1 split that took effect in June 2014.
AAPL dips ...
Apple Predicted to Beat Expectations in Third Quarter on Strong iPhone Sales and Growth in China
Less than one week before Apple's third quarter fiscal results are released on July 21 at 2:00 PM Pacific, multiple research firms and analysts have released earnings previews for the three-month period ending June 30. The consensus is that Apple will report another quarterly earnings beat based on stronger than expected iPhone sales and continued year-over-year growth in China.
Apple...
Carl Icahn Still Believes in Apple HDTV as AAPL's Market Cap Surpasses $750 Billion
Activist investor and billionaire Carl Icahn, during an interview with CNBC today, expressed confusion over The Wall Street Journal's recent report claiming that Apple scrapped its plans for a full television set more than a year ago. Icahn and his investment firm Icahn Enterprises remain confident that Apple will enter the television and automotive spaces, even as analyst Gene Munster admits he...
Apple Forecasted to Report Double-Digit Growth in Second Quarter as Sales Remain Strong
Apple will report its financial results later this hour for the second quarter of the 2015 fiscal year, a three-month period spanning January through March that directly followed the holiday shopping season. Apple has offered guidance of between $52 billion and $55 billion in quarterly revenue, while the average of all analysts combined forecasts the company's revenue during the quarter...
Apple Shares Continue to Surge as Record-Breaking Market Cap Passes $720 Billion
Apple shares are currently valued at roughly $124 each in intraday trading, giving the Cupertino-based company a record-breaking market cap exceeding $720 billion. Apple stock continues to rise after the iPhone maker became the first U.S. company to close with a market cap over $700 billion on Tuesday, the same day in which CEO Tim Cook spoke live at the Goldman Sachs Technology and Internet...
Apple's Share of Mobile Phone Profits Rises to 93% on iPhone 6 Launch
The latest numbers from Canaccord Genuity reveal that Apple accounted for 93% of mobile profits during the fourth quarter, leading the financial services company to raise its price target on Apple shares from $135 to $145. The firm also predicted that iPhone adoption could grow to 650 million users through 2018 as more smartphone owners upgrade to the iPhone 6 and iPhone 6 Plus.
Barron's...
Apple Shares Reach New High Point Following Record-Breaking Quarter
After opening Friday morning, shares of Apple stock briefly grazed the $120 per share mark, setting a new record high for the company in the market (via AppleInsider). AAPL is currently trading around the $119 mark as of writing, giving the iPhone maker a nearly $700 billion market cap.
Apple announced its earnings for the first fiscal quarter of 2015 on Tuesday, reporting $74.6 billion...