Canaccord Lowers AAPL Target on Missed iPhone Sales

8:28 PM, Jan. 28th, 2014 · · Apple Stock Watch

Apple sold 51 million iPhones during its first fiscal quarter for 2014, coming in under Canaccord Genuity analyst Michael Walkley's expectations. That, coupled with his expectation that Q2 iPhone sales will be seasonally lower, has Mr. Walkley lowering his target price for Apple's stock, but still sees strong enough prospects to maintain his "Buy" rating.

Carl Icahn Plunks Down Another $500 Million on $AAPL

5:57 PM, Jan. 28th, 2014 · · Apple Stock Watch

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Carl Icahn put his money where his mouth has been and spent another half billion dollars on shares of Apple, Inc. The Wall Street raider swooped in on Tuesday after investors punished $AAPL for selling fewer iPhones than expected and for offering flat guidance for the March quarter even though the company just signed up China Mobile and Japan's DoCoMo.

Wells Fargo: Carriers Now Control iPhone Sales

9:20 AM, Jan. 28th, 2014 · · Apple Stock Watch

Apple reported record revenue during its first fiscal quarter for 2014 and 51 million iPhones sold, but Wells Fargo analyst Maynard Um is saying demand for the company's smartphone is light since he was expecting 54.8 million units sold. The reason behind lower than expected iPhone sales was lighter demand driven in part by cell service providers getting strict about 24 month smartphone upgrade cycles.

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iPhone sales are up year over year, but analysts are worried about those numbers dipping. With cell service providers getting stricter on 24 month upgrade cycles, it's a real possibility that fewer current iPhone owners will upgrade to the latest model as often, and that could have a real impact on quarterly sales.

After Hours Traders Send $AAPL Down $43.50 on Guidance & iPhone Sales

7:54 PM, Jan. 27th, 2014 · · Apple Stock Watch

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Shares of Apple Inc. fell sharply in after-hours trading Tuesday as traders reacted negatively to Apple's guidance for the March quarter and iPhone sales that were less than expected. Shares of $AAPL dipped to US$507.00, down $43.50 (-7.90 percent), in the wake of Apple's earnings report in the after-hours session.

Apple Posts Record Q1 Revenue, but Guidance Sours After-Hours

4:59 PM, Jan. 27th, 2014 · · Apple Stock Watch

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Apple reported record revenue for the December quarter—the company's first fiscal quarter—of US$57.6 billion, up from $54.5 billion in the year ago quarter. Profits were $13.1 billion, flat year over year, but because Apple has has bought back millions of shares, earnings per share came in at $14.50, up from $13.81 EPS a year ago. Apple beat consensus EPS estimates of $14.09, but it wasn't enough for the after-hours market, which sent shares of $AAPL down $31.26 (-5.68 percent) to $519.24 per share, in part because of Apple's Q2 guidance.

Analyst: iPhone 5S, iPad Driving AAPL Q1 Revenue

11:02 AM, Jan. 27th, 2014 · · Apple Stock Watch

With Apple's first fiscal quarter earnings report scheduled for this afternoon, Well Fargo analyst Maynard Um is offering up his last minute expectations. He's expecting Apple will report earnings driven by iPhone 5S and iPad sales: Specifically, 54.8 million iPhones and 24 million iPads.

AAPL Q1 2014 Earnings Report Scheduled for Monday Afternoon

8:40 AM, Jan. 27th, 2014 · · Apple Stock Watch

Apple's first fiscal quarter earnings report conference call is scheduled to start Monday afternoon at 5PM eastern time. With the iPhone 5S and iPhone 5C, plus iPad Air and iPad mini sales during the holiday quarter, Apple could announce record breaking earnings and revenue numbers. Be sure to check in with The Mac Observer this afternoon for our earnings report coverage.

Carl Icahn to Apple: I Know Best, and I Just Bought $1 Billion More in $AAPL Stock

8:25 PM, Jan. 23rd, 2014 · · Apple Stock Watch

Child's Play

Carl Icahn stepped up his pressure on Apple to increase its stock buyback program with a rambling open letter to shareholders. In that letter, which weighs in at a hefty 2,982 words, two themes are clear: the first is that Apple should listen to him because he knows best, and the second is that he just plunked down another billion dollars to buy more $AAPL stock.

Icahn AAPL Investment Tops $3B as he Slams Board over Stock Buyback

1:33 PM, Jan. 22nd, 2014 · · Apple Stock Watch

What do you do when you don't have confidence in a company's ability to manage its cash? Buy up the company's stock while at the same time berating it. That's what Carl Icahn is doing with Apple as his brings his stock investment in the iPhone and iPad maker up over US$3 billion.

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Mr. Icahn really wants Apple to increase its stock buyback program. A lot. He already has a $3 billion investment in the company, is still buying more stock, and is now saying the board of directors is doing a disservice to shareholders. Apple's February 28 shareholders meeting could get pretty interesting.