Apple's stock closed just short of US$592 on Monday, but continued to climb closer to the $600 mark in after hours trading. The iPhone and iPad maker's stock has continued to climb ever since it announced a 7-to-1 stock split during its second fiscal earnings report on April 23.
Apple Inc. is preparing a second US$17 billion bond offering to finance the company's expanded stock buyback program. Apple is considering tapping European bond markets for the offering in order to diversify its investor base.
Apple Inc. announced a 7-for-1 stock split on Wednesday, and the question many shareholders have is, "What does this mean to me?" Bryan Chaffin has a long and a short answer for you. Spoiler: the short answer is "Nothing."
Apple reported selling 43.7 million iPhones during its second fiscal quarter for 2014, beating analyst estimates and showing better margins in the process. Despite that good news, Wells Fargo analyst Maynard Um sees a time coming where Apple will have to choose between maintaining high device margins, or driving unit sales.
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There isn't anything stopping Apple from selling iPhones at a higher price point, and that's possible if the next new model ships with a larger display. That doesn't mean Apple will stop selling iPhones at current prices, and it doesn't necessarily mean iPhone sales will suffer. If Apple wants to keep its high margins on iPhone sales, and can't keep component costs low, it'll have to raise prices across the board, and that's the part that could impact sales.
Apple's shares shot up over US$40 in after hours trading following the company's strong second quarter earnings report on Wednesday, and continued to climb over night. Shares were up 8.53 percent in Thursday morning's pre-market trading, which didn't fit with the price drop Apple's shares often see after an earnings report.
Shares of Apple Inc. jumped 7.68 percent during the after hours session after Apple blew away its own guidance and Wall Street's consensus estimates. Trading in the after hours market is always exaggerated when it comes to $AAPL, but a sharp increase indicates that investors were pleased with Apple's results.
During Apple's 2014 Q2 Earnings Report, some technical issues related to channel inventory for iPad sales were explained, so the Q2 results aren't as bad as they look. Nevertheless, sales have flattened and UBS analyst Steve Milanovich wanted to hear more. He got an earful.
Apple announced a US$130 billion expansion to its stock dividend program, and announced a 7-to-1 stock split on Tuesday. The news came on the heels of the iPhone and iPad maker's second fiscal quarter earnings where it reported $45.6 billion in earnings.
Apple reported its fiscal second quarter results on Tuesday, and the company beat Wall Street's estimates. Apple reported revenue of $45.6 billion with earnings of $10.2 billion, or earnings per share (EPS) of $11.62. That's up year over year, and tops consensus estimates from analysts of $9.07 billion in revenue with EPS of $10.18. The article has been updated with additional information.
Apple's second fiscal quarter earnings conference call for 2014 is scheduled for Wednesday, April 23, and will come with the usual watchful eyes of investors and analysts looking to see exactly how the company performed post-holiday season. Analysts will be watching Apple's iPhone and iPad sales figures closely, and The Mac Observer will offer our usual news coverage and analysis of the event.
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