Another day, another story about Apple breaking records for its market value. But this time, it's really, really impressive. Today the Cupertino company's market capitalization shot over $700 billion for the first time before slipping a bit in after-hours trading. The current share price stands at $119.65 at the time of writing, which translates into around $837 if Apple's stock split from earlier in the year is taken out of the equation.
Looks like Apple fans may have to come up with other Valentine's Day plans for next year, now that the company's retail boss has let slip that Apple Watch won't be arriving until spring. We've got the details on that story as well as a potential bond offer on the horizon from Apple and a killer one-day deal on iPhone 6 in our Monday Morning Report!
It seems like only yesterday a questionable rumor surfaced about a 12.9-inch iPad capable of running dual operating systems, and already our hopes about such a beast coming anytime soon have been dashed by the supply chain. Our Thursday Morning Report explains why, while celebrating Apple's second year as the world's most valuable brand. Read on for this and so much more!
Steve Jobs was famous for his temper; Apple CEO Tim Cook, on the other hand, has cultivated a more calm and easygoing demeanor. That makes the few times when he actually does lose his temper all the more noteworthy. The latest incident occurred at during Friday's meeting with Apple shareholders, when Cook lashed out at a member of the conservative National Center for Public Policy Research, telling them to "get out of [Apple] stock" if they disagreed with Apple's policies.
So it turns out that that old bit of advice that we've almost all received is a bit off--it really does matter what some people think of you. Specifically, if you're Apple and investors Carl Icahn and Lee Cooperman think your company's "extremely undervalued," it'll drive your stock up to levels it hasn't seen in months.
One of the big questions surrounding the so-called iPhone 5C has focused on how Apple plans to keep the device from cannibalizing its high-end smartphones, and the discussion's traditionally centered on speculation that the Cupertino company will limit the sale of the device to overseas markets. But Piper Jaffray analyst Gene Munster has a different idea. According to him, the iPhone 5C may simply not have Siri.
The prettification of iOS wasn't the only thing that Apple introduced at WWDC--there was, after all, the good news about the wonderful PCIe memory and the beautiful and powerful new Mac Pro--but apparently investors aren't impressed. Apple stock has witnessed a minimal but steady decline since Monday's announcements, and today shares sit at $432 down from Monday's optimistic high of $441.
They say what goes up, must come down -- and in the case of Apple stock, investors have put the company through quite a wild ride in recent years. But what happens when the iPhone maker's income growth stalls for real?
Finally, some clarity on the $1 billion jury ruling from the big trial with Samsung last summer. Samsung had a wish list that included dismissing the case entirely, while Apple made a pitch for triple damages, among other things. Judge Lucy Koh finally ruled on most of the issues; would Samsung get off scot free, or would Apple be lugging an even bigger check to the bank? Also, if you are able to invest in companies, and one of the companies is doing really well and earning a lot of profit, is your next move really to sue them?