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BUSINESS
January 25, 2012 | By David Sarno, Los Angeles Times
Apple Inc. is selling a whole lot of just about every product it makes — and investors are loving it. The company's stock shot up more than $32, or nearly 8%, in after-hours trading after it announced that its first quarter — which ended Dec. 31 and spanned the holiday buying season — was its best ever. Revenue surged 74% to a record $46.3 billion and profit more than doubled to $13.1 billion, blowing away Wall Street's expectations as Apple sold more iPhones, iPads and Mac computers than in any quarter in its history.
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BUSINESS
August 25, 2012 | By Andrea Chang and Jessica Guynn, Los Angeles Times
SAN JOSE - Apple Inc. won an overwhelming victory over rival Samsung Electronics Co. in a widely watched federal patent battle, a decision that some worry could stymie competition in the fast-moving markets for smartphones and computer tablets. The jury, after three days of deliberations in the complex U.S. District Court trial in San Jose, awarded Apple more than $1 billion after finding that Samsung had infringed on six patents by copying the look and feel of its mobile devices.
BUSINESS
October 21, 2013 | By Salvador Rodriguez
Apple is slated to hold its latest media event in San Francisco on Tuesday, but what exactly will the tech giant announce? Plenty, it turns out. Reports say the Cupertino, Calif.-based tech giant plans to follow its September iPhone event with a showcase of new products, primarily starring new iPads. GUIDE: Where to sell old iPads before new ones are announced Here's what you can expect from Apple, as well as one product you shouldn't hold your breath for. Redesigned iPad Apple is expected to announce the fifth generation of its 9.7-inch-screen iPad.
BUSINESS
June 10, 2013 | By Salvador Rodriguez
Ahead of Apple's keynote at 10 a.m., a who's who of Apple executives are standing around waiting for the show to commence. Among them are CEO Tim Cook, design chief Jony Ive and even former vice president and Apple board member Al Gore. Times reporter Chris O'Brien is on location and has been recording his experience using Vine, Twitter's new six-second video-sharing app. Check out the sights he's seen below. WWDC 2013: Follow our live coverage of Apple's keynote ALSO: What kind of cat will the new version of Apple's Mac OS X be?
OPINION
June 2, 2011
In the last decade, Apple made the 99-cent download the standard unit of music sales. Now, Apple is reportedly poised to try a second transformation, enticing music fans to store songs online — "in the cloud" — instead of on a hard drive. If the company's iCloud helps persuade the masses to embrace cloud-based services, that could help reverse more than a decade of sliding music sales. That's a big "if," however, and much depends on the labels' willingness to change. The shift from physical CDs to digital files has been a mixed blessing for the music industry, opening the door to rampant online piracy as well as promising new business models.
BUSINESS
September 12, 2012 | By Joe Bel Bruno
Apple's stock barely budged after the technology giant unveiled the iPhone 5, which it bills as the world's thinnest smartphone. Investors seemed to shrug off the announcement -- but that's not entirely shocking. Apple shares have, on average, fallen 1.4% the day the company launched all of the previous incarnations of the iPhone, according to Morgan Stanley. PHOTOS: Apple iPhone 5 The investment bank said the week after Apple announcements haven't been all that hot either.
BUSINESS
March 4, 2013 | By Chris O'Brien
Apple's stock price continued its fall Monday, dragging the company's market value below $400 billion for the first time since January 2012.  In midday trading, Apple's stock was down $7.52, or 1.75%, to $422.95. That put its market capitalization at $397.54 billion. It also cost Apple the title of "world's most valuable company," losing it to Exxon Mobil Corp., which had a value of $ 399.69 billion in midday trading. QUIZ: Test your Apple knowledge Apple is on the verge of crashing through another low. On Jan. 24, 2012, Apple's stock closed at $420.41 per share, just before the company reported blowout earnings that sent its stock soaring to $ 446.66.  That momentum carried the stock through the year, on its way to peaking at $702.10 in September.
BUSINESS
January 24, 2013 | By Andrew Tangel
As Apple's luster dims on Wall Street, the tech giant's stock is becoming cheaper and cheaper. By at least one measure, Apple's stock is becoming a bargain. Its price-to-earnings ratio, a shorthand measure of value for stocks, has fallen well below the average of the broad Standard & Poor's 500 index. “The P/E is extremely low,” said Howard Silverblatt, senior index analyst for S&P Dow Jones Indices. As Apple's stock falls 10%, to $461.46, in early trading following Wednesday's disappointing earnings report, its P/E ratio -- based on the previous 12 months of earnings -- is down to 10.5.
BUSINESS
January 19, 2011 | By Jessica Guynn and Tiffany Hsu, Los Angeles Times
Apple found a way to divert attention from Chief Executive Steve Jobs' health Tuesday ? a blowout $6 billion in profit. A day after Jobs stunned investors and employees alike by announcing he was taking medical leave for the third time in seven years, Apple Inc. crushed analysts' estimates with record first-quarter revenue and earnings. The company's stock rallied on the report, buoyed by impressive sales of iPhones, iPads and a pipeline of consumer gadgets. Shares fell a less-than-anticipated 2.2% to $340.
BUSINESS
September 29, 2012 | By Salvador Rodriguez
As worldwide attention focuses on Apple's problem-riddled Maps app, another Apple miscue is about to be quietly put to rest. This month, Apple's iTunes music social network -- Ping -- began displaying a sign notifying users that the network was no longer accepting new users and will shut down Sunday. Ping's closing comes as little surprise. Apple plans to update iTunes next month and will integrate it with Facebook and Twitter, letting users "Like" and share songs, apps and other pieces of content.
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