Are you long on AAPL? Hate how the mainstream market analysts never seem to “get it?” Well, then be sure to check out the first annual Apple Summit, a first-of-its-kind investor summit dedicated to long-term investors in Apple.
After leaving KGI Securities, Apple analyst Ming-Chi Kuo is back to predict “more aggressive” iPhone pricing for the upcoming 2018 models. Kuo believes that Apple wants to reassure investors concerned with the iPhone X’s $1,000 base price, as well as make technologies like Face ID more accessible.
Announced during the company’s March quarter results, Apple described an aggressive plan for what is the single largest share buyback plan in history, and here’s what Bryan Chaffin thinks that means.
Ralph Nader has penned an open letter to Apple CEO Tim Cook urging him to suspend his company’s plan to to spend US$100 Billion on stock buybacks.
The stock hit an intra-day high of $190.37 , giving up a few cents before the closing bell.
Check out this compilation video CNBC made covering everything Warren Buffett said about Apple since 2011. It ranges from not owning Apple, but thinking highly of the company to buying Apple because of the value of its ecosystem. There’s also a mention of a conversation he had with Steve Jobs, who asked the Oracle of Omaha what he should do with all of Apple’s cash. Mr. Buffett’s advice then was to buy back shares, a strategy Apple has followed with zeal in the years since Mr. Jobs’s passing. Mr. Buffett is a very big deal in investing circles, and it’s an interesting to see his thoughts on Apple evolving over time. There was another interview with Warren Buffett and Bill Gates about Apple on Monday, and Mr. Buffett’s Berkshire Hathaway now owns $43 billion in AAPL stock.
Dissipating (and unfounded) fears of slow iPhone X sales and a record March quarter combined with news that Warren Buffett bought 75 million more shares of Apple to push the stock to a record closing high.
Bryan Chaffin and Jeff Gamet discuss the myth of the failing iPhone X, where that myth comes from, how it’s sustained, and how Apple’s own data says otherwise. They also talk about how Apple CEO Tim Cook and CFO Luca Maestri tried to dispel those reports during Apple’s quarterly conference call with analysts. They also look at the indicators that HomePod, on the other hand, isn’t doing well, and Tim Cook’s continued insistence on focusing on sound quality when we really want a capable home assistant. They cap the show with some perspective on just how much money Apple is paying out to shareholders.
Andrew Orr and Dave Hamilton join Jeff Gamet to look at Apple’s second fiscal quarter earnings, plus Andrew tips us off to some alternatives to Safari on the iPhone and iPad.
It’s the largest share buyback program in corporate history, and is in addition to Apple’s existing $210 billion stock buyback programs.
Wall Street consensus estimates were for revenues of $60.8 billion and EPS of $2.68, making the quarter a solid beat for Apple. [Updated with more information about Apple’s results, a $100 billion share rebuy program, and a 16% increase in the company’s dividend.]
Apple’s second fiscal quarter earnings report for 2018 is today, May 1st, and the big focus will be on iPhone sales.
Apple will be hosting its 2018 second fiscal quarter earnings report and conference call on Tuesday, May 1st.
Bryan and Jeff go inside Apple’s annual shareholder meeting, and talk about the things that seemed to get Tim Cook excited. A listener also calls them out for being hypocrites on ad profiling, and they talk about how Apple’s new HomePod isn’t a home wiretap.
The biggest news from the event was an indication Apple would not give shareholders a special dividend.
Apple’s annual shareholder’s meeting scheduled to start at 9AM pacific time Tuesday morning, and this will be the first time it will be held in the Steve Jobs Theater on the Apple Park campus.
John Martellaro and Bryan Chaffin join Jeff Gamet to share their thoughts on Apple’s 2018 first fiscal quarter earnings report, along with iPhone and iPad sales.
The reality is that Apple’s overall numbers included a mix of good and bad things, but it’s Apple’s iPhone X performance that will woo Wall Street when the markets open Friday.
Apple reported record revenue of $88.3 billion for the December quarter, with staggering and record earnings per share of $3.89. [Update: This article has been updated with considerably more information.]
At Wednesday’s closing price of $179.10, each employee would receive (roughly) 14 shares of restricted stock units that would then vest over time.