Apple co-founder Steve Wozniak has revealed that he does not follow how Apple shares are performing in the stock market. Speaking to CNBC’s Scott Wapner on Tuesday, he said, “I do not watch it at all. Period. I’ve never used Apple’s stock app once…I don’t care. You know what? I never did anything for the value of stock and the value of a company and the value of money. I did it create great computers for the world.” Mr Wozniak famously gave away $10 million of his own stock to early Apple employees. Watch the exchange below.
AAPL is Apple’s stock ticker on the NASDAQ exchange. AAPL went public on December 12, 1980 and has used AAPL ever since. Their IPO generated over $100 million, which was more than any IPO since 1967 when Ford Motor Company went public. Three hundred AAPL millionaires were created on that day.
Since then, there have been many more.
Bank of America Merrill Lynch has issued a downgrade its rating of Apple Inc shares following Thursday’s earning call.
Though the company turned in a record September quarter, the average of Apple’s guidance for revenues between $89 billion and $93 billion was below Wall Street expectations of $92.94 billion.
Apple reported $62.9 billion in revenue for its fourth fiscal quarter of 2018 with 46.89 million iPhones sold.
Apple is set to host its 2018 fourth fiscal quarter earnings report after the market closes today, November 1st.
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’s App Store brought in almost twice as much revenue in the first half of 2018 than the Google Play store.
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.