Apple's Unstoppable Rise Continues
Despite no new iPhone, Apple continues to post record-shattering numbers.
Despite no new iPhone, Apple continues to post record-shattering numbers.
Earnings season has officially kicked into high gear: 39 companies have reported so far, with the S&P reporting an earnings per share surprise of 6.8%. The best results include increases in financials, consumer discretionary, and materials. Here are some highlights.
AT&T is now offering a $9 iPhone. Granted, that's for a refurbished iPhone 3 G3S-8G. But those have most features people want in an iPhone, and the upcoming iPhone 5 doesn't offer the one thing that could differentiate it from its predecessors: 4G compatibility.
There's no such thing as a summertime lull when earnings season is upon us. Next week will bring plenty of headlines -- among them box office receipts for the last Harry Potter film and quarterly results from Apple, Cintas, and Microsoft.
Apple buys many components for its devices from Chinese suppliers. Now, it's getting more aggressive about selling those devices in the world's largest cell phone market, inking a deal to sell iPhones through No. 1 wireless operator China Mobile, which could substantially boost Apple's earnings.
Apple, the hottest stock on the planet -- LinkedIn's IPO notwithstanding -- is an overhyped tech stock, right? Actually, by relative valuation measures, data suggest it%u2019s cheap. How undervalued is the stock? Read on ...
Apple's shares are trading at about $347, just shy of their all-time high of $364.90, which they hit in February. It's second quarter earnings were record-breaking. So why are some analysts beginning to worry about Apple's stock?
Apple's earnings per share nearly doubled last quarter, and its performance the previous quarter was almost just as good. But Apple's shares are only up 11% in the last six months, trailing the Nasdaq. Here's why the stock could be set to take off.
Apple is gearing up to report its quarterly results after the markets close Wednesday, and both investors and consumers are wondering if it'll take a hit from Japan's massive earthquake and tsunami, which have already rocked the earnings results of some other tech titans.
The re-weighting of the Nasdaq-100, which is expected to be announced today, could harm Apple's share price. But that may be the least of the tech giant's problems right now.
The company has already proved that it can thrive while the CEO is away. But what's still not clear is whether Apple can remain far more than a tech company once he truly retires. Whose vision can possibly keep Apple the cultural phenomenon that Jobs has made it?
Shares rose in Asia Wednesday. In Shanghai the Composite Index climbed 1.8% to 2,758 and in Hong Kong the Hang Seng rose 1.1% to 24,420. Japan's Nikkei 225 Index was up 0.4%, ending the day at 10,557.
Just a day after Apple announced that CEO Steve Jobs was off on his third medical leave since 2004, the stock's already on the rebound. The company smashed its first-quarter earnings expectations, thanks to soaring Asia-Pacific sales.
Twice before, the iconic CEO had to leave the company in others' hands, and if that history is any guide, Apple investors may see the stock price do well once again in his absence -- providing they can handle the pain of the drop long enough to enjoy the recovery.











