Analysts seem to be perpetually disappointed no matter how many sales records Apple breaks, but the company’s market value has steadily climbed over the last year. Today, just before the markets closed, Apple’s stock (AAPL) price passed $600 USD for the first time since November 2012, and it closed the day out at $600.96. The price has since hit $602.50 in after hours trading.
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.
Mere days after we heard that Apple CEO Tim Cook was under fire for a perceived lack of innovation, the news has surfaced that longtime Microsoft CEO Steve Ballmer will be leaving the Redmond giant within 12 months. Ballmer has always been a controversial though energetic figure, but the general attitude toward his handling of the company in recent years was reflected in the 8 percent jump in Microsoft stock today in response to the news.
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.
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.
Alisher Usmanov, the Russian billionaire whom some of you may recall from his jaw-dropping 10-fold return on his investment into Facebook last year, recently announced to Bloomberg that he'd invested as much as $100 million into Apple stock in the belief that it will return to the highs of September 2012 or beyond. That's an impressive gamble. Apple's stock has dropped by close to 40 percent since then due to concerns about competition from Samsung and sluggish sales.
While Apple does its best to conceal when new products will be released, there’s one pretty sure-fire way to know when an upgrade to an existing product is coming: Stock availability. In the case of the second-generation Apple TV, the little black box appears to be out of stock almost everywhere -- a fair indication that a new model is likely to be introduced on Wednesday.
There’s no doubt that Apple’s latest MacBook Air is a hot item with consumers, and rumors have recently pointed to a refresh coming down the pipeline any day now. A new report claims that inventory is constrained at major retailers, which is usually a good sign that a new model is on the way.
Despite rumors having run rampant last week that Best Buy could possibly have been in the doghouse in regard to their iPad 2 sales strategy, the major retailer confirmed in a statement that such was not the case. What is instead transpiring is that Best Buy is actually fulfilling customer reservations first.
Maybe you’re frustrated by availability of the iPad 2, so you decide to head to Apple’s website to buy one of the original models from their clearance section. Unfortunately, if you want a Wi-Fi only model, it may already be too late.