Apple Shares Down More Than 7% After Earnings Call
Despite record iPad and iPhone sales, Apple shares fell more than 7% after it was announced that iPhone sales were slightly lower than expected.
Apple Disappoints with iPhone Sales and Cramer's Super Bowl Stock
Jim Cramer is buying into another one of his positions, taking a Super Bowl bet that he's prepared to cash in, even after the World Cup. See which consumer company he likes. And Apple disappointed with iPhone sales and forward looking guidance - have investors gotten too accustomed to wins from Tim Cook?
Apple Expects Holiday Cheer on Strong iPhone Sales
Apple investors are a tough crowd these days- the company's earnings beat forecasts- as did revenues. Apple sold more iPhones than ever for the September quarter- and iPad sales were up as well. Mac sales were better than expected. Apple raised their 4th quarter guidance. And even signaled a strong holiday season. But the stock reaction was one of indecision- it fell immediately after the report- only to regain ground later on. Alex Gauna covers Apple for JMP securities:
Apple's Earnings Disappoint Despite iPhone Sales
Apple's fiscal Q3 earnings fell 22%, registering weaker margins and lower iPad sales, though iPhone sales exceeded estimates. Neil Mawston, Executive Director of Strategy Analytics, has details. Photo: Getty Images.
More Good News Than Bad From Apple
Solid iPhone sales and aggressive share repurchases outweighed iPad weakness and a China slowdown in Apple’s fiscal third quarter, says Morningstar’s Brian Colello.
AmEx Sales Miss; Apple Slumps
The latest round of earnings reports were less than stellar and that made for a less than stellar day on Wall Street. Blue chips tumbled triple digits; The S&P 500 and the Nasdaq - down hard three of the last four sessions. Apple led the slide. The gadget maker reports next week, but there's renewed speculation demand for iPhones and iPads is weakening. The hint: a somber outlook from a key Apple supplier. At one point, shares broke below $400 for the first time since December 2011.
Tim Cook Advises Climate Change Deniers to Get Out of Apple Stock
In his job as Apple CEO, Tim Cook is mostly known for having a demeanor that is in some ways antithetical to Steve Jobs. That is, unless, you're a shareholder who thinks climate change is bogus. At Apple's annual shareholder meeting Friday, Cook shot down the suggestion from a conservative, Washington, D.C.-based think tank that Apple give up on environmental initiatives that don't contribute to the company's bottom line.
'iPad Christmas' Helps Apple Beat Street, Q2 Guidance a Grinch
Apple posted earnings of $14.50 per share on revenue of $57.6 billion in its fiscal first quarter, beating analyst estimates of $14.07 on sales of $57.46 billion. During the same period a year ago, Apple posted $54.5 billion in sales and $13.81 in earnings per share.
Tech Stocks: Apple Kicks Off Big Earnings Week
Shares of Apple are up slightly in pre-morning trading Monday as the company kicks off a huge week for earnings results in the tech sector. Apple's first quarter earnings report after the bell will give investors a look at the strength of the company's holiday season, which featured new devices such as the iPhone 5s and the iPad mini with a sharper retina display.
Apple's Magic Wears Thin as Earnings Disappoint
Apple recorded a flat profit despite selling 18 million more iPhones and iPads, as it spent heavily to roll out new products to fend off intensifying competition. MarketWatch Columnist John Shinal reports.