Apple Inc. (NASDAQ:AAPL) annual shareholders meeting had hardly any surprises – as shareholders re-elected all board members and supported various proposed changes to the company’s bylaws. Shareholders were disappointed as Apple Inc. (NASDAQ:AAPL) announced nothing over the increase in dividends or buy back more of its stock. Apple CEO, Tim Cook, said he is aware of the concerns of the shareholders over the declining share price of the stock and company is discussing its...
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Apple stock has been sliding steadily since its peak-time back in September 2012, now shareholders want to know when things will begin to return to ‘normal’ once again for the company’s shares. Can Apple Inc. (NASDAQ:AAPL) ever get back to where it was less than 6 months ago? In a recent research report - Shaw Wu, an analyst at Sterne Agee says: “The big question we get from investors is whether the greatest turnaround and growth...
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Apple Inc. (NASDAQ:AAPL) shares could make a bit of a recovery on Monday, according to Tom DeMark, CEO of Market Studies. DeMark told CNBC’s Fast Money on Friday that “the most number of consecutive down days has been three.” He said that Friday marked the third day of declines for the stock, and he looked back into December when there two other strings of three-day drops followed by a recovery. There are a few...
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Apple Inc. (NASDAQ:AAPL) shares have been downgraded by analysts from Baird. This comes on the same day analysts at Deutsche Bank said they have reiterated their Buy rating because they don’t feel customer loyalty is reflected in the stock’s current price. On Monday Baird analysts issued a report to investors saying they downgraded shares of Apple Inc. (NASDAQ:AAPL) to Neutral and lowered their price target on the stock to $465 per share from $570...
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Apple Inc. (NASDAQ:AAPL) investors have seen the company’s stock price drop by 20% in the last three months, sitting just a couple dollars above $500 today. The company was originally over the $500 mark last February, meaning most of its gains in 2012 are meaningless at this point. The Cupertino-based company is, however, still a tech giant, and its sales are growing rather than falling. The firm’s earnings are also growing at a quick...
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Apple will report earning results on Wednesday, January 23rd and a renowned research firm known as Mizuho Securities expect in-line performance for EPS while analysts believe that there is a slight downside risk to revenues. Mizuho believe Apple Inc. (NASDAQ:AAPL) should deliver upside to iPhone forecasts while iPad shipments and ASPs will likely be below expectations. For F2Q13, there is material downside to forecasts as expectations for iPhones and iPads need to move lower. The research firm...
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Apple Inc. (NASDAQ:AAPL)’s launch of its new iPhone 5 model in China this week was met with initial sales of over two million units, which RBC Capital Markets has declared as “A positive as the company continues to outpace the previous iPhone 4S launch.” The launch will most likely lay the foundations for a successful December quarter. RBC Capital Markets, as a result, stuck with its current rating of ‘Outperform’ for Apple Inc. (NASDAQ:AAPL),...
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Apple Inc. (NASDAQ:AAPL) will report its 1Q13 results towards the end of January, and according to the latest analyst reports, expectations remain bullish, but NOT on the stock price. The street maintains an estimate of 46-48 million units of iPhone sales, while the company trimmed its expectations from 60-65 million units to 60 million. In a report published Monday, Jefferies & Company analysts maintained their 53 million estimate for iPhone sales during the current...
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Apple Inc. (NASDAQ:AAPL) has defied what analysts call the ‘death cross’ – which is often seen as a sure sell signal. Despite coming close to the danger zone, bargain-hunting investors snapped up Apple’s shares, causing its stocks to rise by $6.57 today, or 1.22 percent, up to $545.36. The sudden rise in value caused Apple Inc. (NASDAQ:AAPL) to narrowly avoid what is referred to as the ‘death cross’ – where a stocks 50-day moving...
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Apple Inc. (NASDAQ:AAPL) shares were down 4 percent yesterday. A report from Piper Jaffray analyst, Gene Munster, considers four factors which are responsible for the decline in the Apple Inc. (NASDAQ:AAPL) shares. The report says “We believe the two primary reasons for the sell-off are a misinterpreted Digitimes story and a technical breakdown in shares”. The other two factors being an increase in margin requirements and a partnership between China Mobile and Nokia Corporation (NYSE:NOK). As per...
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A trader apparently purchased Apple Inc. (NASDAQ:AAPL) stock worth $1 billion in a fraudulent trade, which backfired and brought Rochdale securities to its knees, after which, he was arrested and charged with fraud. The fraud cost the employer $5 million. David Miller, employed as an institutional sales trader at Rochdale Security, executed a trade to buy 1.6 million shares of Apple Inc. (NASDAQ:AAPL), when the company was to announce its earnings. He initiated the...
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