Remember last year, when investors were screaming for Tim Cook to step down because he apparently wasn't the right man to lead Apple? My, how times have changed. Today Time magazine released its shortlist of candidates for Person of the Year, and there's Tim Cook, holding his own among seven other worthy candidates.
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.
It's a good time to have Apple stock. After a couple of years of occasionally precipitous declines, the Cupertino giant's stock is at last back to the dizzying levels we last saw back in 2012. Even better, the stock closed today at $100.53, which almost marks an all-time high for the iPhone maker (adjusted after the recent stock split).
Today marked the delivery of Apple's latest quarterly earnings results, as well as the latest time that the Cupertino company has exceeded Wall Street expectations. Most analyst predictions forecast that the iPhone maker would bring in only $43 billion during Q2 2014, but Apple beat those expectations with earnings of $45.6 billion. That represents $10.6 billion in profits.
Social media catfights! Wall Street boneheads or Apple's got a problem? Dude, Where's My App Store? All these tantalizing teasers are just a hint of the news of the week from the handy dandy staff of Mac|Life.
So, it's official: Apple is holding a media event in one week and it looks pretty likely we'll finally see the next iPhone for real there. The blogosphere has been quite busy over the last 24 hours wondering if the shadowy number "5" means the handset will actually be called iPhone 5 despite previous rumors to the contrary. As you ponder this question for yourselves, let's get up to speed on what went down overnight...
Trying to make sense of the stock market can be thankless, daunting work. To the untrained eye, tickers are an undecipherable mix of letters and numbers--and even the best investing minds struggle to keep up with the constant ebbs and flows.
We've never been too keen on the inclusion of rumors surrounding Steve Jobs' health in our regular news coverage, but it's hard not to chime in on the fact that according a reliable source, Steve is looking as healthy as a horse during a recent visit to Apple's Cupertino campus. If that kind of scuttlebutt doesn't drive the company's stock prices back up, we don't know what will.
It's beginning to look like nothing can stop the rise of Apple's star this year. Despite, multiple lawsuits, the iPhone 4's antenna woes, leaked product snafus and the bad press surrounding a few of their suppliers, the company's stock value shot up from $390 to $429 a share after yesterday's revelation of the Cupertino-based company's latest financial report.