In this week’s top stories: Firmware from Apple’s HomePod speaker offers a slew of iPhone 8 details, AAPL reports its earnings for a strong Q3 2017, and reports offer insight on the next-generation Apple Watch. Read on for all of this week’s news… expand full story
AAPL performance to decide if Tim Cook will receive $44M bonus later this month
Earlier this year it was reported that Tim Cook’s 2016 pay was cut by $1.5M as Apple missed its revenue and profit goals. Today, Bloomberg reports that Cook’s yearly performance award window is about to close later this month and 280,000 AAPL shares are on the line…
Apple surprised most investors yesterday with strong sales in the last quarter (fiscal Q3) and better-than-expected guidance for the next three months, signalling the company’s confidence in the upcoming iPhone cycle.
AAPL stock opened up more than 6% at $159, a new all-time high, with a market cap above 830 billion dollars …
Apple’s Q3 financials seem to have been well-received, with AAPL stock sitting at $158 in pre-market trading at the time of writing – up more than 5% on yesterday’s close. The company reported revenue of $45.4b and sales of 41m iPhones, 11.4m iPads and 4.29m Macs.
Most analysts also seem pleased, with Macquarie describing the earnings call as “one of its most bullish in recent memory” – even if Barclays did sound a sour note …
Apple is set to release its Q3 2017 earnings tomorrow, Tuesday, August 1st. The company’s third fiscal quarter marks an interesting one as much of the news around Apple has shifted to the iPhone 8 that won’t be unveiled until later this year. Nevertheless, analysts expect Apple to report numbers in line with guidance…
Anything in this range would represent a year-on-year improvement over Q3 2016’s number of $42.36B, but most analysts are expecting the company to get close to the high end …
Samsung has just reported its highest quarterly profits of all time, hitting $12.65B in the quarter ending in June – putting it ahead of Apple’s projected profits of around $10.54B.
Samsung shares also out-performed AAPL in the last twelve months, gaining 63% against 59% for the Cupertino company …
Fortune has for the second consecutive year declared Apple the most profitable company in the world, despite coming in 9th overall in the Fortune Global 500. The rankings are based on the most recent financial year for each company.
Fortune is best known for its Fortune 500 ranking of U.S. companies, where Apple this year took the #3 slot. But the company also compiles a global list, and it’s here that Apple came in 9th in the overall rankings but #1 in profitability …
Nasdaq glitch sets AAPL & other shares to $123.47 in non-existent stock crash
A Nasdaq glitch caused a number of major trading platforms to display AAPL’s share value as $123.47, some 14.3% below its true value at the time. The incorrect price was shown on Bloomberg, Google Finance, Yahoo Finance and others.
Apple shares dropped a further 0.6% yesterday, making five straight days of decline. There has also been an increase in the number of investors ‘shorting’ AAPL – effectively betting that the share price will fall.
But while some are pointing to the dramatic scale of the total loss in market capitalization, others say that the numbers need to be viewed in context.
One commentary noted that the total loss in value experienced by the five largest U.S. tech companies in one week was enough to have bought Boeing …
Data compiled by S3 Partners shows that ‘short interest’ in the stock – investors staking money on Apple’s share price falling – has climbed by $1.3B in the past month. This makes Apple the third most shorted company after Tesla and Alibaba …
AAPL shares continue to slide in pre-market trading amid tech market uncertainty
AAPL shares have continued to fall in pre-market trading after losing almost 4% in value on Friday. At the time of writing, pre-market trading shows a further decline of 1.6%.
Apple may be the world’s largest company by market capitalization, but it doesn’t top all the rankings. The Fortune 500 ranks U.S. companies by annual revenue, and Apple has retained the #3 slot it achieved last year, albeit with changes either side of it …