Here’s What Apple Wants to Achieve With Apple Pay

7:45 PM, Oct. 20th, 2014 · · Apple Stock Watch

In Apple's Q4 2014 earnings report, Tim Cook was asked by Shannon Cross of Cross Research what Apple's business model is for Apple Pay and whether it will, over time, become a standalone business, like iTunes. Or is it just incremental revenue? It was a great question, but it's neither of those. Here's what Tim Cook told Ms. Cross.

How Apple’s Tim Cook Explained Away Poor iPad Sales

7:33 PM, Oct. 20th, 2014 · · Apple Stock Watch

During Apple's Q4 2014 earnings report, Tim Cook was asked by Steve Milunovich with UBS about his views on the iPad sales of 12.31 million, the second (non-holiday) quarter of declining sales. Here's how Mr. Cook responded.

Apple Posts a Record September Quarter - $42.1 Billion Revenue, $8.5 Billion Earnings

5:02 PM, Oct. 20th, 2014 · · Apple Stock Watch

$AAPL

Apple posted another record quarter Monday, when the company announced results for the September quarter, Apple's 4th fiscal quarter. Apple had record revenue of US$42.1 billion, with record 4th quarter earnings of $8.5 billion (earnings per share of $1.42). The company said that strong iPhone, Mac and App Store sales drove both revenue and earnings.

Attorneys Fish for Shareholder Launch Class Action against GTAT

3:32 PM, Oct. 13th, 2014 · · Apple Stock Watch

Piggybank

The Law Offices Bernard M. Gross, P.C. started the shareholder lawsuit train against GT Advanced Technologies (GTAT) on Monday. Attorneys at the firm are seeking a lead plaintiff for the case, which accuses executives, directors, and underwriters of misleading investors in the wake of the company's fallout with Apple.

Icahn to Apple: Buy Back More Shares

2:10 PM, Oct. 9th, 2014 · · Apple Stock Watch

Apple has US$133 billion in cash and big-name investor Carl Icahn thinks it's time for the iPhone and iPad maker to use some of that money to buy back more stock. In an open letter to Apple CEO Tim Cook, Mr. Icahn said he thinks the company's stock is currently sitting at about half its value, and that's an opportunity not to be passed up.

The Mac Observer Spin The Mac Observer Spin is how we show you what our authors think about a news story at quick glance. Read More →

Carl Icahn is right about this being a good time for Apple to buy back more of its stock, but don't think his open letter is an altruistic move. This is all about business and increasing his own profit. That's just how business works.

Analyst: Apple Could take GTAT’s Sapphire Furnaces

2:24 PM, Oct. 7th, 2014 · · Apple Stock Watch

With GT Advanced Technologies filing for chapter 11 bankruptcy protection, questions about what that means for Apple and its plans for synthetic sapphire glass displays for the Apple Watch and future iPhones. Susquehanna Financial Group analyst Chris Caso thinks Apple could take possession of the furnaces, take back the factory it leased to GTAT, and buy more sapphire-related IP from the company, too, turning the iPhone and iPad maker into its own glass manufacturer.

Deutsche Bank Lowers AAPL Target, Says no Surprises Coming

9:27 AM, Oct. 3rd, 2014 · · Apple Stock Watch

Deutsche Bank analyst Sherri Scribner lowered her target price for Apple's stock from US$105 to $102 because she doesn't see any new product surprises coming from the company. She thinks the company could have trouble beating investor expectations for iPhone sales, and that there won't be any new product announcements before the end of the year.

Evercore Raises AAPL Target on Strong iPhone 6 Demand

10:31 AM, Oct. 1st, 2014 · · Apple Stock Watch

Evercore Partner analyst Rob Cihra raised his target price for Apple's stock to US$125 in response to stronger than expected iPhone 6 and iPhone 6 Plus sales. He now expects Apple to sell 39 million new iPhones during its fiscal fourth quarter, which ended on September 30, and 65 million units during the December quarter.

The Mac Observer Spin The Mac Observer Spin is how we show you what our authors think about a news story at quick glance. Read More →

Analysts seem pleased with iPhone 6 demand, but it looks like they won't be really happy until they see new iPads ship.

Strong iPhone 6 Sales Boost Canaccord’s AAPL Target to $115

2:44 PM, Sep. 22nd, 2014 · · Apple Stock Watch

Following Apple's announcement that it sold over 10 million iPhone 6 and iPhone 6 Plus smartphones over its launch weekend, Canaccord Genuity analyst Michael Walkley raised his target price for the company's stock from US$112 up to $115 citing demand for the new models.