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Qualcomm CEO hints Apple will switch to Intel for iPhone 7’s LTE chip

Bloomberg reports that Qualcomm shares have dropped after the company’s CEO hinted that its biggest customer could switch to a rival supplier for future orders. Reading between the lines, the speculation is that its biggest customer is Apple (Samsung is the only other company close to holding that title) and that a switch to Qualcomm’s rival means Apple’s is considering Intel for LTE modem chips in the iPhone 7:


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Alphabet’s time at the top short-lived as Apple again becomes world’s most valuable company

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Following the release of its Q4 earnings earlier this week, Alphabet saw it stock prices surge to upwards of $800, increasing by 8 percent thanks to its strong earnings report. This jump on Alphabet’s part caused the company’s market capitalization to increase as well, rising to over $540 billion. This increase meant that Alphabet surpassed Apple to become the world’s most valuable company. Two days later, however, Alphabet’s stock has fallen back down, giving the crown of the world’s most valuable company back to Apple.


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Alphabet has surpassed Apple to become the most valuable company in the world

Alphabet’s just-released Q4 earnings has seen its stock price rise in after hours trading, resulting in the Mountain View-based company passing Apple to become the most valuable company in the world. The company’s market capitalization was $517.6 billion at close, and while the price is still fluctuating after hours, Alphabet’s market cap will be over $540 billion tomorrow if these prices hold…


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Tim Cook awarded $58M of Apple stock for performance & tenure achievements

As noted in a filing with the U.S. Securities and Exchange Commission today, Tim Cook on Monday was awarded 560,000 restricted Apple stock units. Cook was given these stocks as time and performance awards. At Apple’s stock price at the end of day Tuesday of $103.12, those stocks are worth roughly $57.5 million.


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Tim Cook’s email to Jim Cramer may have violated SEC rules, say lawyers

The email Apple CEO Tim Cook sent to CNBC analyst Jim Cramer, and which was read on the air, may have violated Securities and Exchange Commission regulations, according to lawyers speaking to MarketWatch. The regulations are designed to ensure that information that may impact a company’s share price is made available to the public in a fair and open way, rather than privately disclosed to particular individuals or entities.

Cook’s email revealed that the growth in iPhone activations “has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks” – information that Apple had not previously disclosed … 
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Why is AAPL stock falling despite record sales, profits and cash?

The stock market can often seem an irrational place, and never more so than where AAPL is concerned. The company keeps reporting record sales, has typically out-performed analyst expectations, takes home almost the entire smartphone industry’s profits and has so much cash it scarcely knows what to do with it – yet its share price is falling.

AAPL stock has fallen more than 14% since April, wiping $113B from the company’s market valuation. It dropped 7% in the past month alone. That’s the equivalent of McDonalds vanishing into thin air. What gives? 
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Apple boosts capital return program, increasing dividend and share repurchase

Photo: huffpost.com

Expanding upon its previously announced programs to return cash to investors, Apple today announced that it will use a total of $200 billion of cash by the end of March 2017 to fund the repurchase of Apple stock and the payment of dividends. The enhanced capital return program authorizes the purchase of an additional $50 billion of Apple shares, now totaling $140 billion, settles vesting restricted stock units, and increases Apple’s stock dividend by 11% to $0.52 per share. Apple’s dividend will be payable May 14, 2015 to shareholders holding Apple stock as of May 11, 2015.

Apple notes that it has already returned over $112 billion to shareholders, including $80 billion through repurchases of Apple stock. The program will be funded in part using domestic and international debt markets.

“We believe Apple has a bright future ahead, and the unprecedented size of our capital return program reflects that strong confidence,” said Tim Cook, Apple’s CEO. “While most of our program will focus on buying back shares, we know that the dividend is very important to many of our investors, so we’re raising it for the third time in less than three years.”


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Apple Watch will be available to buy from some boutique fashion retail locations on Friday

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Update: Confusing the situation further, HDBlog has received news from Italian Apple PR that Milan will not have Apple Watch stock to buy.

Amidst all the craziness, it now transpires that Apple Watch will in fact be available to be buy at some retail locations on Friday. The New York Times reports that select boutique locations will have stock in the brick-and-mortar locations of Apple Watch Sport and Apple Watch.

This includes Dover Street Market in Tokyo and London, Maxfield in Los Angeles, Collette in Paris, the Corner in Berlin and Corso Como in Milan.

Apple had previously announced these locations in a press release but it was unclear whether the plans had changed as Apple had since said that there would be no in-store stock until June at the earliest. although now it appears this only applies to Apple’s own retail stores.


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Ex-iOS chief Scott Forstall became Snapchat advisor in Jan. 2014, Sony leak reveals

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Jobs and Forstall (Image via Getty)

According to a leaked email from the Sony Pictures hack, Snapchat has given former Apple executive Scott Forstall a 0.11 percent stake of its company for being an advisor. According to the email, Forstall was given his stake in early 2014 with his advisory occurring in January of that year.


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AAPL joining famed Dow Jones Industrial Average, replacing AT&T

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Apple will be joining the Dow Jones Industrial Average taking wireless carrier AT&T’s spot on the famed stock market index, CNBC reports. The change will take place in just under two weeks at the end of trading on March 18th. The Dow is heavily viewed as being indicative of the overall stock market performance in the United States, and Apple’s rising stock price will soon be a significant factor to that number.


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$AAPL stock continues to break records, hits new all-time high of $130.75 (closes $133.00)

 

Update: The stock closed at another all-time high of $133.00, with $761 billion market cap.

Despite being the largest company in the world ever by market cap, Apple’s stock price continues to climb upwards. Today, it hit a new all time high of $130.75, with a market cap of almost $760 billion dollars, at time of writing. This represents a 0.96% gain over the stock’s market open.


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Apple becomes 1st company ever to close at market cap of over $700B (AAPL)

Update 2/11: After passing $700 billion in market capitalization yesterday, Apple has been trading up as high as $124.43 a share raising market cap over $720 billion.

Apple’s stock price closed up 2.3 points today to close at 122.02 giving the Cupertino company that was on the verge of bankruptcy less than 2 decades ago, the highest market cap of all time. The closing market cap of $710B reflects significant growth since it hit a recent low of a split-adjusted 56 in mid-2013.

To put it into perspective, Apple is now valued at $100 for every man, woman and child on the face of the earth.

Speaking of AAPL, Tim Cook is at Goldman Sachs today discussing Apple’s recent success and announcing a industry first Solar farm that will offset all of Apple’s California electricity use including its Campus 2, offices and 40 retail stores. 

And on that note, First Solar, the company that is partnering with Apple on the Solar Farm is up almost 10% on the news.

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AAPL shares set new closing high record reaching $119.56

Update: 2/5 closed above at $119.94.

Apple stock closed at an all-time high today ending trading at $119.56 per share after climbing past its previous trading high of $120 per share to 120.51 per share during morning trading. The price also exceeds Apple’s previous opening record high of $119.27 per share setting that record up to be broken as well.
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Apple plans $5 billion bond offering to cover stock repurchases, dividends, capital needs (Updated)

Having filed a prospectus today with the SEC, Apple plans to offer around $5 billion in bonds, following a 2013 bond offering of $17 billion, and a 2014 offering of $12 billion. While Apple’s corporate coffers stand at over $178 billion after its most recent record-breaking quarter, even thriving companies sometimes use bond offerings to fund projects, lessening tax consequences in the process.

Deutsche Bank and Goldman Sachs put together the offering, which Apple says will be used towards

repurchases of our common stock and payment of dividends under our program to return capital to shareholders, funding for working capital, capital expenditures and acquisitions and repayment of debt.

As noted by The Wall Street Journal, the bonds will mature in 5 to 30 years, with a 10-year bond offering a 0.95% greater return than government-issued Treasurys. Apple carries a Moody’s rating of Aa1, the service’s second-highest rating, suggesting that the investment is exceptionally low-risk.


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AAPL shares reach new record high of $120 following Apple’s record Q1 earnings report

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Apple’s stock soared the day after the company reported its record breaking quarter with over $74 billion in revenue and more than 74 million iPhones sold, and now Apple’s stock has reached a new all-time high during trading. The company briefly touched on $120/share during trading this morning and is on track to break its previous record closing high soon.
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AAPL up 8% to near record highs, bringing the rest of the market with it

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Apple broke many records with its latest quarter reporting $74.6 billion in revenue and $18 billion in profit with 74.4 million iPhones sold, numbers which greatly surpassed both Apple’s guidance and the even higher consensus analysts predicted, and Wall Street is taking notice.

Following a dismal day for the market yesterday which saw Apple down a few points ahead of its earnings report—it was soon back on the rise in after hours trading—both Apple and the Dow are climbing this morning largely due to those record numbers yesterday. Hovering around 7.5% higher since opening this morning and occasionally crossing 8%, Apple is positioned to cross its previous record high shortly.
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Apple’s highest-ever market cap is now 2/3rds of the way to $1 trillion

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As we reported last month, Apple’s stock price has continued to climb repeatedly reaching all-time highs since its 7-1 stock split earlier this year. The company’s stock has been on the rise today as well putting Apple’s market capitalization on track to close at its highest point ever. Previously, Apple’s highest market cap at close was $658.15 billion at the end of September 19th, 2012, and today Apple’s market cap has climbed to nearly two-thirds of a trillion dollars at $663.20 billion during trading.
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Apple gearing up for new bond sale this week with spotlight on euros, investor call possibly today

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Apple is gearing up to issue another bond offering this week, with a conference call with investors reportedly scheduled today, according to reports this morning from Bloomberg and The Wall Street Journal. Apple hasn’t announced that it is holding an investor call today as of yet, but the announcement will likely be posted to Apple’s Investor Relations website if it is indeed happening. According to the WSJ, this bond offering will be the first from Apple to involve the euro currency:


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Reminder: 7-1 AAPL stock split takes effect today

 

Apple’s first stock split since 2005 takes effect today, but the computers that track the stock price often forget to take that into consideration (above).

Why the 7-1 split? The lower buying price may open the door to more investments from smaller investors, and the ~$100 price would let it major indices list AAPL, opening the door to more investment. 
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Better-than-predicted results, and shifts from other tech stocks, lifts AAPL toward $600

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Investors seem to have taken heed of analyst ratings in response to the higher-than-predicted earnings Apple reported last week, the share price climbing from $524.75 before the company released its financials to approaching $600 at the time of writing.

Fortune suggests Apple’s results isn’t the only factor at play, with investors perhaps also following Greenlight Capital’s lead in moving out of other tech stock with particularly high price to earnings ratios – the measure of how a share price relates to its earnings. The higher the P/E ratio, the more over-valued it looks according to traditional measures … 
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Tim Cook’s revised stock deal cost him $4M this year

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Photo: mashable.com

ComputerWorld noted that Apple’s SEC filing on Friday revealed that Tim Cook lost out on $4M worth of stock as a result of his request to the board in August to revise his compensation arrangements to a deal he felt was fairer to shareholders.

Earlier this year Apple’s board revised Cook’s vesting schedule at his urging. Rather than the two monster stock handouts — which only relied on his continued employment — Cook asked that they be spread out over a 10-year period and tied to the company’s stock performance … 
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Institutional money and Icahn shenanigans have AAPL headed back to 52-week highs

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Less than a week after AAPL stock reached a new high for 2013, and two analysts raised their target price in response to Black Friday sales, the stock has also hit a 52-week high, running at $570 at the point of writing.

Billionaire investor Carl Icahn doubtless played a role, yesterday tweeting that he would be calling for a (non-binding) shareholder vote on an increased buyback program – though for a smaller amount than he had originally urged.

But Fortune yesterday posted a rather interesting chart that may suggest the upward trend will continue … 
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