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It seems that even in this economy, there’s no slowing Apple down. The company announced its quarterly earnings Monday, revealing that its net income rose 47 percent. The earnings, which were driven by record Mac computer and iPhone sales, sent Apple shares surging 7 percent in extended trading to an… Continue Reading »

In Apple HQ, the phrase “credit crunch” is seldom heard. Why? Because again, Apple has had its best non-holiday quarter to date. Despite fewer iPods leaving the shelves, sales in Macintosh computers and iPhones were the highest yet for the Spring quarter, which saw revenue of $8.34 billion and a… Continue Reading »

When Steve Jobs first took his medical leave a few months ago, Apple shares dropped as the Internet went crazy with the story. However, these past couple months have been relatively quiet about it, partially due to respect for him and his families’ privacy. As Steve Jobs will be back… Continue Reading »

This past Wednesday, Apple announced its financial results for its fiscal 2009 first quarter ended December 27, 2008, in which they reported the best quarterly revenue and earnings in Apple History. The company sold 2,524,000 Mac computers, a record 22,727,000 iPods, and 4,363,000 iPhones. This amounted to the record revenue… Continue Reading »

It’s pretty much a foregone conclusion that when negative news of Apple CEO Steve Jobs crosses the wire, Apple stock is going to drop. That’s been the case today upon news that Jobs is taking a health leave from Apple until the end of June. Jobs will remain CEO, but… Continue Reading »

And so it goes with Wall Street. Half an hour before Apple’s MacBook event today, Apple was trading at $109.80 (down 0.46). We’re now half an hour after the event, and AAPL is down -5.39 to 104.87. This tends to be the trend with Wall Street, though where Apple almost… Continue Reading »

Late last week, a false report that Steve Jobs had been rushed to the hospital following a heart attack sent lemming investors to sell AAPL, driving the stock price down to $97.07, its lowest since before the original iPhone release. Now the SEC (Securities and Exchange Commission) is looking into… Continue Reading »

Apple stock (AAPL) dropped nearly 18% yesterday, reaching their lowest level in over a year. The tumble came after RBC Capital Markets analyst Mike Abramsky and Morgan Stanley analyst Kathryn Huberty each cut their ratings on Apple’s stock in anticipation of slower earnings growth for the current quarter and fiscal… Continue Reading »

Apple announced yesterday their financial results for its fiscal 2008 third quarter, which ended June 28, 2008. The Company posted revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share. These results are up from revenue of $5.41 billion and net quarterly profit of… Continue Reading »

This Monday, July 21st, Apple will be report its FY 08 third quarter results via conference call. The call will take place at 2:00 PDT (5:00 EDT). Interested viewers can also listen in on a live audio webcast, which will be accessible through Apple’s website. Viewers simply need a copy… Continue Reading »