Tag: Apple profit

Apple Buoys Wall Street, Keeping Doubts on Future Growth at Bay
7May By adminNo Comments
Technology

Apple Buoys Wall Street, Keeping Doubts on Future Growth at Bay

[ad_1] Apple Inc. rallied Friday after an iPhone rebound helped quarterly earnings beat estimates, even as overall sales at the world's most valuable company remain in decline.The results suggest that Apple is beginning to recover from a slump that's plagued both the computer and smartphone industries. It was a particular relief for investors after Qualcomm Inc., a key supplier, raised fresh concerns about phone demand earlier this week. Apple's sales in China — a weak spot for other tech companies — also came in a bit better than feared. As expected, Apple announced plans for $90 billion in stock repurchases — the same as last year's plan. The company also raised its quarterly dividend 4% to 24 cents a share. The shares jumped 4.7% to $173.57, the biggest single-day increase since Nov....
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Apple Sees Biggest Rally of the Year After Sales Top Estimates
6May By adminNo Comments
Technology

Apple Sees Biggest Rally of the Year After Sales Top Estimates

[ad_1] Apple Inc. rallied Friday after reporting a rebound in iPhone sales last quarter, helping the world's most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup.The shares jumped as much as 5.1% to $174.20, the biggest intraday gain since Nov. 30. They're now up 34% in 2023. Overall revenue amounted to $94.8 billion in the fiscal second quarter, Apple said Thursday, exceeding the $92.6 billion analysts predicted. Though the sales fell 2.5% in the period, the company had warned investors to expect a drop of roughly twice that. The results suggest that Apple is beginning to recover from a slump that's plagued both the computer and smartphone industries. It's a particular relief for investors after Qualcomm Inc., a ...
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Apple’s Historic Buyback Keeps Investors Captivated
30Nov By adminNo Comments
Technology

Apple’s Historic Buyback Keeps Investors Captivated

[ad_1] Apple Inc. has shelled out more than $550 bn buying back its own shares over the past decade, more than any other US company. Apple Inc. has shelled out more than $550 billion buying back its own shares over the past decade, more than any other US company, and the technology juggernaut shows no signs of slowing down.Even with the stock under pressure the past few days because of production delays for its newest handsets, Apple has fared better than other megacap tech companies in this year's bear market. Solid earnings and generous buybacks have become a central part of the investment thesis, making the stock more attractive during turbulent times. Shares fell 0.4% on Tuesday. “That's how they get the safe haven, the gold standard view from investors,” said Gene Munster, who co...
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Apple’s $191 Billion Single-Day Surge Sets Stock-Market Record
11Nov By adminNo Comments
Technology

Apple’s $191 Billion Single-Day Surge Sets Stock-Market Record

[ad_1] Apple Inc.’s surge Thursday was one for the record books. Apple Inc.'s surge Thursday was one for the record books. The world's most valuable company added $190.9 billion in market value, the most ever by a US-listed company, as softer-than-expected inflation data buoyed equity markets across the board. The jump eclipsed Amazon.com Inc.'s $190.8 billion gain in February, according to data compiled by Bloomberg.Apple, which after Thursday's 8.8% jump has a market capitalization of $2.34 trillion, now accounts for four out of the top five biggest daily gains. The stock remains down 17% this year. [ad_2] Source link
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