AAPL Company Overview Updated February 1, 2017

AAPL Company

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March 2007 - February 2017


Founded by Steve Jobs and Steve Wozniak in 1976, Apple kicked off the IPO of its stock in December of 1980 on the NASDAQ market, with the stock symbol “AAPL”. Here is a brief summary from NASDAQ:

Apple (ticker symbol: AAPL) is one of the world’s leading consumer electronics and personal computer companies. The Cupertino, California-based company was established in 1977 as Apple Computer Inc. It dropped the “Computer” from its name in early 2007.

Apple has remained focused on developing its own hardware, software, operating systems and services to provide its customers with the best user experience possible. A significant fraction of the company’s efforts also go toward marketing and advertising as it believes such efforts are essential to the development and sale of its products.

Despite Apple’s market-leading position, the company still faces a number of risk factors, which include changing global economic conditions, fluctuating consumer demand, worldwide-competition and potential supply chain disruptions.

Read more about Apple’s financial details and history on NASDAQ’s and CNN’s websites.

AAPL Company Stories February 1

AAPL: 128.75

7.40
Stock Chart

With Apple reporting all-time record high iPhone sales and revenue in its earnings call yesterday, IDC’s latest data out today confirms that the company surpassed Samsung to take the top spot in the fourth quarter of last year. That was despite, as IDC notes, a first full year of decline for iPhone with a 7% drop year-over-year for 2016:

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Tim Cook has told the WSJ that hundreds of the company’s employees have been affected by Trump’s executive order on immigration, and says that Apple is considering taking legal action. He also said that the company would be supporting employee fundraising efforts for organizations providing relief to refugees.

Cook said that he hopes that the White House can be persuaded to rescind the order, but that the company may resort to the courts if not …

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9to5toys 

AAPL Company Stories January 31

AAPL: 121.35

-0.28
Stock Chart

One of the more pressing questions during Apple’s earning call earlier this afternoon centered on the company’s current litigation battle with Qualcomm. Toni Sacconaghi of Bernstein pressed Tim Cook for comments on Apple’s decision to sue Qualcomm, bringing up a past instance of Cook saying that he hated litigation:

“I’ve always hated litigation, and I continue to hate it, and I highly prefer to settle versus battle.”

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Apple just announced its earnings for Q1 2017, reporting profits of $17.89 billion on revenues of $78.4 billion. The company sold 78.3 million iPhones, 13 million iPads, and 5.3 million Macs. Next on today’s schedule is Apple’s quarterly earnings call, which will kick-off at 2PM PT/5PM and we’ll have live coverage right here.

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Apple has announced holiday quarter results including $78.4b in revenue and $17.89 billion in profit from 78.3m iPhones, 13m iPads, and 5.3m Macs sold. In addition to holiday sales, Apple’s first quarter for fiscal year 2017 includes the bulk of iPhone 7 and iPhone 7 Plus sales, Apple Watch Series 1 and Series 2, AirPods, as well as the launch of new MacBook Pro models.

FY17 Q1 results compare to $46.9 billion in revenue, $9 billion in profit, 45.51 million iPhones, 9.28 million iPads, and 4.89 million Macs reported in the previous quarter. Apple’s last record quarter occurred a year prior, Apple reported $75.9b in revenue, $18.4b in profit, 74.8m iPhones sold, 16.1m iPads sold, and 5.3m Macs sold. Analysts predicted a return to growth after three quarters of declining sales which we see in today’s results.

Full press release after the break, and stick around for our earnings call live blog at the top of the hour:

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