Apple’s Stock Holds Above $100 with New Record Close

5:20 PM, Aug. 21st, 2014 · · Apple Stock Watch

$AAPL Chart

Shares of Apple Inc. have maintained their position in record territory above US$100.30 per share, a record that had stood for almost two years. $AAPL ended Thursday at $100.58 per share. For those keeping score at home, that's a new record closing high.

Shares of $AAPL Top $100, Flirt with Record Closing High

1:35 PM, Aug. 19th, 2014 · · Apple Stock Watch

$AAPL Chart

Shares of Apple Inc. topped US$100 in intra-day trading on Tuesday, trading as high as $100.525 per share in heavy volume. $AAPL's all-time closing high is $100.30 on a split-adjusted basis, set on September 19th, 2012. The stock briefly traded over $100 per share two days later, but this is the first time it has crossed that mark since.

Hedge Fund: ‘Apple Might Become Obsolete in 2-3 Years’

8:48 PM, Jul. 24th, 2014 · · Apple Stock Watch

Pedro de Noronha on CNBC

Pedro de Noronha, managing partner at hedge fund Noster Capital, ain't got no truck with these newfangled tech companies, including Apple. The problem, he said, is that you don't know where they'll be in 5 to 10 years. Even Apple, according to him, could be "obsolete in two to three years."

Canaccord: Get Ready for Big iPhone 6 Sales

10:25 AM, Jul. 24th, 2014 · · Apple Stock Watch

iPhone 5S sales may not be as strong as most analysts would like, but that's nothing to worry about, according to Canaccord Genuity's Michael Walkley, because the iPhone 6 is coming and everybody wants one.

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 are putting a lot of faith in the next iPhone, and that makes sense considering sales jump up when new models are introduced. 

Wells Fargo: AAPL Q3 was Meh, but the Future Looks Bright

9:40 AM, Jul. 23rd, 2014 · · Apple Stock Watch

Apple reported US$37.4 billion in revenue for its third fiscal quarter and 35.2 million iPhones sold, coming in below Wells Fargo analyst Maynard Um's expectation of $38.2 billion. That may be disappointing, but it doesn't spell certain doom for Apple because Mr. Um sees the upcoming fall product launches as a big boost for the company's performance.

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 →

iPhone sales were up for the quarter, but not up enough to please analysts. But Q4 will reportedly include new iPhone models and maybe the iWatch, so maybe Tim Cook can make them happy this time.

Apple Buys 29 Companies (plus Beats) in 21 months, 5 Since March

8:04 PM, Jul. 22nd, 2014 · · Apple Stock Watch

Ch-Ching!

Apple has purchased some 29 companies since the beginning of fiscal 2013 (October of 2012), and five just since the end of the of the March quarter of 2014. If you throw in Beats, which hasn't closed yet, that makes 30 companies and a clear indication that Apple is becoming more aggressive in buying outside firms.

Apple: iTunes is the Fastest Growing Part of Our Business

6:20 PM, Jul. 22nd, 2014 · · Apple Stock Watch

iTunes billings are up 25 percent year over year and Apple says its little music, movie, and mobile app sales through the iTunes Store made up the fastest growing part of its business over the past three fiscal quarters. That includes the 75 billion App Store downloads the company previously announced earlier this month.

Apple to Shareholders: You get 47 Cents!

5:23 PM, Jul. 22nd, 2014 · · Apple Stock Watch

Apple shareholders will be getting a dividend this quarter, according to company CFO Luca Maestri, to the tune of US$0.47 per share. Mr. Maestri shared that little tidbit during the iPhone and iPad maker's third fiscal quarter earnings report Tuesday afternoon.

Apple Posts Record June Quarter and 20% EPS Growth [Update]

4:35 PM, Jul. 22nd, 2014 · · Apple Stock Watch

$AAPL

Apple announced results for its third fiscal quarter Tuesday, reporting record revenue of US$37.4 billion, with earnings of $7.7 billion (earning per share (EPS) of $1.28 per share). Apple said its EPS growth was 20 percent year-over-year, its highest rate of EPS growth in the last seven quarters. iPhone and Mac sales drove growth.