Tag: apple stock price

Apple Leads $383 Billion Tech Rout in Reversal From Group’s 2023 Rally
4Jan By adminNo Comments
Technology

Apple Leads $383 Billion Tech Rout in Reversal From Group’s 2023 Rally

[ad_1] The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down 4.6% in the time period, lead the slump that's erased $383 billion in market value. The Nasdaq 100 Index has also fallen in the last four trading days.  “We don't know if last year's rally has fully ended, but it is completely normal to expect markets will pull back after a rally like we saw,” said Steve Sosnick, chief strategist at Interactive Brokers Group....
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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...
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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...
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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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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...
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Apple Stock’s Safe-Haven Status at Risk as iPhone Headwinds Mount
9Nov By adminNo Comments
Technology

Apple Stock’s Safe-Haven Status at Risk as iPhone Headwinds Mount

[ad_1] Apple Inc.’s status as a relative haven in this year’s bear market is under threat amid growing concern that iPhone sales are weakening. Apple Inc.'s status as a relative haven in this year's bear market is under threat amid growing concern that iPhone sales are weakening, portending further declines for technology stocks more broadly. Over the weekend, the Cupertino, California-based company said Covid-related lockdowns in China would cause shipments of its newest premium handsets to be lower than previously expected. Bloomberg News also reported that due to weaker demand, Apple expects to produce at least 3 million fewer iPhone 14s this year than first anticipated. The stock rose 0.6% on Tuesday, bringing its year-to-date decline to 21%. The Nasdaq 100 Index is down 32%....
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Apple Slips After iPhone and Services Revenue Comes in Light
28Oct By adminNo Comments
Technology

Apple Slips After iPhone and Services Revenue Comes in Light

[ad_1] Apple Inc. delivered just enough good news in its quarterly report to avoid the fate of most tech giants this earning season. Apple Inc. delivered just enough good news in its quarterly report Thursday to avoid the fate of most tech giants this earning season, when its peers have seen valuations plunge by hundreds of billions of dollars. Though sales of iPhones and services were softer than expected last quarter, Apple's revenue and profit both topped analysts' estimates. The company said that growth wouldn't be as strong during the current period, but investors found enough optimism to send the stock higher in late trading Thursday. That provided a sharp contrast with Alphabet Inc., Amazon. com Inc., Meta Platforms Inc., Microsoft Corp. and others, which all delivered glo...
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