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.]
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.
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.
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.
KGI Securities analyst Ming-Chi Kuo, well known for his reports on upcoming Apple products, has left the firm.
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.