Tag: apple shares

Charlie Munger dead at 99: What Warren Buffett’s vice-chair said on Apple
29Nov By adminNo Comments
Technology

Charlie Munger dead at 99: What Warren Buffett’s vice-chair said on Apple

[ad_1] Charlie Munger, the billionaire investor and the vice chairman of Berkshire Hathaway, has passed away at the age of 99. He would have turned 100 on the new year's day. Munger was highly regarded for his brilliant wit and analysis and was the man behind building up the Warren Buffett-led investment firm to its present gargantuan status. His insights and vision in the technology sector led to the company making pin-pointed investments that paid large dividends. Even though Berkshire came very late to the Apple party, one of the biggest tech firms he bet on was the Cupertino-based tech giant and throughout Munger constantly highlighted how good an investment it was. In fact, it is also the company's biggest investment with 859 million shares purchased worth 148 billion dollars. Let ...
Read More
Apple and Microsoft Have Never Held More Sway Over the S&P 500
29Apr By adminNo Comments
Technology

Apple and Microsoft Have Never Held More Sway Over the S&P 500

[ad_1] Apple Inc. and Microsoft Corp. have never held more sway over the S&P 500 Index, leaving some investors on edge over the gauge's increasingly top-heavy nature.The world's two most-valuable companies saw their combined weightings in the benchmark jump to a record 14% this week after strong earnings reports from Microsoft and others fueled a rally in technology stocks. When you include Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Nvidia Corp, nearly a quarter of every dollar put into the S&P 500 is now split between just six names. “It's concerning to have such concentration in a few names and all those companies are in the very similar tech and communication services sectors,” said Michael Landsberg, chief investment officer at Landsberg Bennett Private Wealth M...
Read More
Apple’s Huge Buybacks Matter as Much to Investors as iPhones and Macs
18Apr By adminNo Comments
Technology

Apple’s Huge Buybacks Matter as Much to Investors as iPhones and Macs

[ad_1] One of the most important numbers in Apple Inc.'s upcoming earnings report has nothing to do with iPhones or Mac computers. It's the amount of money the technology giant plans to spend repurchasing its own shares.Speculating on the size of the outlay has become a sort of annual parlor game on Wall Street as Apple's capital return plans have emerged as one of the big draws for investors amid slowing revenue growth and economic uncertainty. For the year ahead, some analysts expect the Cupertino, California-based company to commit $90 billion to repurchases, the same as last year. Apple has historically reported its buyback plans in its fiscal second-quarter results, which are slated for May 4. For investors, the firm's buybacks have come to act as “a sign of their confidence in the...
Read More
Apple India iPhone Output Soars to $7 Billion in China Shift
14Apr By adminNo Comments
Technology

Apple India iPhone Output Soars to $7 Billion in China Shift

[ad_1] Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world's fastest-growing smartphone arena after accelerating a move beyond China.The US company now makes almost 7% of its iPhones in India through expanding partners from Foxconn Technology Group to Pegatron Corp., people familiar with the matter said. That's a significant leap for India, which accounted for an estimated 1% of the world's iPhones in 2021. Apple is exploring ways to reduce its reliance on China as tensions between Washington and Beijing continue to escalate. Its longtime partners, who make most of the world's iPhones from sprawling factories in China, have added assembly lines at a rapid pace over the past year, the people said, declining to be named as the i...
Read More
Apple’s $165 Billion Cash Hoard Creates M&A Mirages
7Apr By adminNo Comments
Technology

Apple’s $165 Billion Cash Hoard Creates M&A Mirages

[ad_1] Apple Inc.'s slowing growth and cash-rich balance sheet are again fueling speculation that the world's most valuable company should make a big acquisition.Entertainment giant Walt Disney Co. recently joined a long list of potential acquisition targets that over the years has grown to include Netflix Inc., Tesla Inc., Peloton Interactive Inc. and Sonos Inc. They all have one thing in common: Anyone betting that Apple would buy them has so far been sorely disappointed. “You're probably missing the value of the business if you think the key catalyst for investment is a major acquisition,” said Kevin Walkush, portfolio manager at Jensen Investment Management. “It's a low-probability bet.” Apple is famous for eschewing splashy acquisitions in contrast with peers like Microsoft Corp. a...
Read More
Apple Gets Its Mojo Back After a Shaky Start to 2023
11Mar By adminNo Comments
Technology

Apple Gets Its Mojo Back After a Shaky Start to 2023

[ad_1] After a shaky start to the year, Apple Inc.'s stock has once again reclaimed the mantle of the go-to investment in Big Tech, even winning support from Goldman Sachs Group Inc. after years in which the brokerage refrained from recommending the shares.The Cupertino, California-based giant has risen about 15% in 2023 and is on course for the biggest quarterly gain in more than a year. The stock is outperforming fellow mega-cap technology companies like Microsoft Corp., Alphabet Inc. and Amazon. com Inc. Concerns about an imminent drop in demand for Apple's pricey computers and iPhones, along with supply bottlenecks, have dissipated. Goldman this week turned bullish on the stock for the first time in almost six years, after being mostly on the sidelines as the stock more than quadru...
Read More
Apple Shares Hit Lowest Since June 2021 on iPhone Supply Concerns
29Dec By adminNo Comments
Technology

Apple Shares Hit Lowest Since June 2021 on iPhone Supply Concerns

[ad_1] Apple Inc. shares closed at their lowest level since June 2021 on Tuesday, amid an ongoing selloff of big-tech stocks amplified by concerns over iPhone supply in the key holiday period. Apple Inc. shares closed at their lowest level since June 2021 on Tuesday, amid an ongoing selloff of big-tech stocks amplified by concerns over iPhone supply in the key holiday period.The stock fell 1.4% in its third straight negative session. While Apple remains a modest outperformer for 2022, with a 27% decline that is narrower than the 34% drop of the Nasdaq 100 Index, it has lagged the tech-heavy gauge over the past month. Recent weakness has come as production halts in a major iPhone plant in China contribute to a supply shortfall of Apple's flagship product. Earlier on Tuesday, JPMorgan w...
Read More
John Stauffer, Top Apple Executive Who Pushed for Shift to Cloud, Leaves for Roblox
1Dec By adminNo Comments
Technology

John Stauffer, Top Apple Executive Who Pushed for Shift to Cloud, Leaves for Roblox

[ad_1] Apple's top executive is leaving the iPhone maker to join Roblox Corp., adding to a string of recent high-profile departures. Apple Inc.'s top executive in charge of media-related software technology is leaving the iPhone maker to join Roblox Corp., adding to a string of recent high-profile departures. John Stauffer is exiting Apple after about 24 years to become a vice president of engineering at the online gaming platform. He was one of a handful of company vice presidents to report directly to software engineering chief Craig Federighi. The departure adds to upheaval at Apple, with a series of vice presidents leaving in recent months. The company's head of procurement was ousted in September, while its chief privacy officer, head of industrial design, chief information ...
Read More
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...
Read More
Apple Taps Facebook Veteran as Information Chief After Departures
10Nov By adminNo Comments
Technology

Apple Taps Facebook Veteran as Information Chief After Departures

[ad_1] Apple has hired a startup founder and former Facebook executive to run its information systems group after departures in that department. Apple Inc. has hired a startup founder and former Facebook executive to run its information systems group after departures in that department, according to people with knowledge of the matter. Timothy Campos will lead the Information Systems and Technology department, better known as IS&T, which handles the infrastructure behind Apple's online services, customer support and website. Apple refers to the operation as its “nerve center” because it lets employees, suppliers and customers stay connected. The division reports to Chief Financial Officer Luca Maestri. Mary Demby, the current information chief, is retiring after this year, Bl...
Read More