Sept. 10 Stories August 26, 2013
Sept. 10 Stories August 23, 2013
Sept. 10 Stories August 16, 2013
Following several recent reports claiming that Apple was preparing to introduce a new gold color option for the next iPhone in addition to multiple color options rumored for a new low-cost iPhone, today MacBoutic (via Engadget) posted images allegedly showing the gold-colored back casing for the device.
Yesterday KGI’s Mingchi Kuo was the first reliable source to report that a next-generation iPhone would include “golden casing” alongside a new 128GB option. Previously, less reliable sources claimed also claimed that Apple had a gold iPhone in the works. Kuo also added that the next-generation iPhone will include “a sapphire home button with fingerprint sensor,” something we’ve heard several times in recent months.
Curiously, the source of today’s photos says it “deliberately blurred the “Apple” logo and the words “iPhone” on the back” of the device.” It’s worth pointing out that we have no way to confirm if these are the real deal (we’ve certainly seen a lot of fakes floating around), and it’s easy to get your hands on color conversions that typically don’t include the Apple logo and other iPhone markings. expand full story
Sept. 10 Stories August 14, 2013
Following comments from billionaire investor Carl Icahn that he had taken a “large position” in Apple and discussed a larger buyback with Apple CEO Tim Cook, Apple’s stock experienced a new six-month high of over $488 per share. Today, AAPL continues to climb and has passed the $500 mark for the first time in nearly eight months since January 23rd.
In an interview with The Wall Street Journal yesterday, Icahn noted that he expects Apple shares will soon rise above $600 and explained his proposal for increasing the stock buyback:
“This is a no-brainer to go buy stock in a company that can go borrow” at a low rate, Mr. Icahn said in an interview. “Buy the company here and even without earnings growth, we think it ought to be worth $625,” he said, referring to the stock price, which closed Tuesday at $489.57, having risen 5% on the news of Mr. Icahn’s investment.
Mr. Icahn’s thesis rests on Apple borrowing at about a 3% interest rate and buying back shares right now, likely at around $525 a piece. A stock buyback can increase earnings per share by reducing the number of shares outstanding.
While Icahn didn’t provide any financial details, WSJ adds that sources say his stake in Apple is now worth over $1.5 billion. expand full story