July 24, 2012 |
Apple Inc. under the leadership of Steve Jobs was never known for giving particularly good guidance to Wall Street when it came to how much the tech giant might earn. Things appear to have gotten a whole lot uglier under Tim Cook. There are 42 analysts that track Apple's stock, and every single one of them got it wrong. Apple turned in third-quarter earnings of $9.32 a share. Analysts' estimates were for $10.37, with the lowest projection coming in at $9.45 and the highest at $12.51.
November 16, 2011 |
In the first change to Apple's leadership since the death of Steve Jobs last month, the company announced that Walt Disney Co. President and Chief Executive Robert Iger would be the Cupertino, Calif., electronics maker's newest board member. At the same time, Genentech Inc. Chairman Arthur Levinson, an Apple board member since 2005, will become the company's non-executive chairman, filling the role Jobs occupied briefly after his resignation as Apple's chief executive in August.
December 30, 2013 |
While Apple and Microsoft saw their share of laptops sold to businesses and other organizations in the U.S. decrease in 2013, Google dramatically increased its portion of sales. From January through November, Google sold 1.76 million Chromebook laptops in the U.S., up from 400,000 during the same period in 2012, according to a recent report by NPD Group . that tracked sales through commercial channels. That includes devices that were sold to businesses, government agencies, schools and other organizations.
September 23, 2013 |
Owners of Apple devices have been upgrading to the radically redesigned iOS 7 that was released last Wednesday faster than any previous version. Apple reported Monday that 200 million iOS devices are running the new operating system. The company likes to tout the fact that the vast majority of its customers use the latest version of its mobile operating system. Apple argues that makes its experience superior to Android devices, which tend to be more fragmented with many running on much older versions of the Google operating system. PHOTOS: Top 11 hidden, cool features in Apple's iOS 7 According to statistics from Fiksu , a mobile analysts firm, more than 50% of all iOS devices have upgraded to iOS 7. Indeed, the rush to upgrade last Wednesday led to long waits and error messages for many users who apparently overwhelmed Apple's servers. The Fiksu report says that at this same point, less than 40% of users had upgraded to iOS 6, and less than 30% had upgraded to iOS 5. The percentages are even more impressive considering there are far more devices running iOS than there were two years ago. With Apple also announcing it sold a record 9 million new iPhones during the first weekend, investors sent the company's stock up $17.67 or 3.78% to $ 485.08.
October 11, 2011 |
Steve Jobs died of respiratory arrest and a pancreatic tumor, according to his death certificate released Monday. The Apple Inc. co-founder and chairman died around 3 p.m. Wednesday in his Palo Alto home, the certificate noted. Apple and Jobs' family announced his death Wednesday but did not provide details about the time, place or cause. Jobs resigned as Apple chief executive Aug. 24. He had been diagnosed in 2003 with a neuroendocrine tumor on his pancreas, and he underwent a liver transplant in 2009.
August 7, 2012 |
Along with the news that there would not be a native YouTube app on iOS 6, Apple injected some humor -- a very unusual move for the Cupertino, Calif., company -- and "Rickrolled" its developers in a recent change log for its next mobile operating system. As you might know, Rickrolling is emailing someone a link that claims to go to a particular website but actually sends them to a YouTube video of Rick Astley's 1987 song "Never Gonna Give You Up. " In this instance, Apple was explaining the proper way to embed videos in iOS 6 and used the Rickroll as its example.
February 12, 2013 |
Apple's retail stores have been a phenomenon over the last decade, a cornerstone of the company's revival. But with some changes in leadership over the last year, there have been questions about the direction of Apple's retail strategy. During his appearance at the Goldman Sachs technology conference Tuesday, Apple chief executive Tim Cook reemphasized how crucial the stores remain to Apple. And he discussed the company's expansion plans for its stores by noting that they were becoming so popular, their capacity was being strained by the number of visitors. QUIZ: Test y our Apple knowledge "Some of our stores aren't big enough," Cook said.
April 24, 2012 |
Apple Inc. is keeping up its economic momentum, selling 35 million iPhones and 12 million iPads on the way to its best second quarter ever. The company reported $39.2 billion in revenue, including $11.6 billion in profit, a near-doubling in earnings over the same quarter a year ago. The results once again surpassed the expectations of Wall Street analysts, who have repeatedly underestimated the company's rapid global growth. The Wall Street consensus...
January 23, 2013 |
Apple Inc. reports its fiscal first-quarter earnings after the closing bell Wednesday. With the tech giant's shares falling as of late, and worries about demand and supply constraints for the iPhone 5, we're expecting the company's performance to be carefully dissected by analysts and investors. Here's what to look for: Apple has told Wall Street analysts that for its first quarter, which ended in December, investors should expect the company to report $52 billion in revenue and earnings of $11.75 a share. The consensus among Wall Street analysts is that Apple will report $54.7 billion in revenue and $13.41 a share in earnings.
March 1, 2013 |
A judge on Friday cut $450.5 million from the $1-billion judgment Apple won in a patent infringement case against Samsung last summer. U.S. District Court Judge Lucy Koh in San Jose said she trimmed the award because of what appears to be a technical error in the jury's methodology used to calculate the damages Samsung owed relating to 14 products. Koh ordered a new jury trial to determine the damages related to those products, which could...