Apple CEO Tim Cook has donated some 23,215 shares of Apple stock to an unnamed charity, according to an SEC filing uncovered by BusinessInsider. Shares of $AAPL closed at 215.04 on Tuesday, making the value of this donation worth some $4.99 million dollars today. Of course, that value will change over time, and the dividend for those shares will earn the charity $16,947 every quarter. That’s a gift of $67,788 per year that keeps on giving, and it could grow if Apple continues to increase that dividend. In other words, it’s a princely gift from a man who has already promised to give away all his wealth (after providing for the education of his young nephew).
Bryan Chaffin and John Martellaro join Jeff Gamet to look at TechCrunch’s list of reasons why Apple is a greedy company and share their thoughts on whether or not they got it right.
John Martellaro and Dave Hamilton join Jeff Gamet to talk about the emotional aspect of Apple’s trillion dollar market cap, and the Lisa Brennan-Jobs memoir about growing up as Steve Jobs’ daughter.
Apple became the first company to close about a trillion dollar valuation on Thursday, which means Apple is now just $9 trillion away from being the first company valued at $10 trillion!
Bryan Chaffin and John Martellaro join Jeff Gamet to look at Apple’s market cap and explain what it means for the company to reach the US$1 trillion mark.
Apple’s own Stocks app says the company market cap is already over US$1 trillion. The app is wrong because Yahoo Finance hasn’t updated its AAPL share count yet.
Apple’s stock is hovering over US$203 Thursday morning, which means the company is getting closer to hitting a $1 trillion market cap.
John Martellaro and Kelly Guimont join Jeff Gamet to talk about Apple’s 2018 third fiscal quarter earnings, the company’s R&D budget, and the possibility of an Apple personal robot.
Apple’s stock topped US$200 for the first time on Wednesday since its 7-for-1 stock split in 2014.
Apple reported a record June quarter on Tuesday, with record revenues of $53.3 billion, up 17% year over year, and record earnings per share of $2.34, up 40% year over year. [Update: This article was updated with more information.]
Apple’s third fiscal quarter earnings conference call is set to start after the market closes this afternoon, July 31st.
The company will conduct its quarterly conference call with analysts at 5:00 PM Eastern that Tuesday. Results are usually released 30 minutes before that call.
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.