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BUSINESS
July 24, 2012 | By Joe Bel Bruno
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.
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BUSINESS
October 11, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
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.
BUSINESS
September 23, 2013 | By Salvador Rodriguez
Put down your friend's iPhone 5s. You have no idea what's been touching it. The latest Apple iPhone went on sale Friday and one of its signature highlights is a new fingerprint scanner built into the home button at the bottom of the device. The feature, called Touch ID, lets users quickly unlock their device while keeping others out. It can also be used to verify purchases. VIDEO CHAT: Unboxing the iPhone 5s But some Apple users are very strange and creative, and have quickly taken to YouTube and Twitter to confirm that users can scan and unlock the iPhone 5s using more than just fingerprints.
BUSINESS
December 30, 2013 | By Salvador Rodriguez
What appears to be a prototype for the original 2007 Apple iPhone was sold on EBay on Monday morning for $1,499. The rare Apple item was sold after receiving 37 bids. It's unclear if the device is authentic, but some aspects of its specs check out, especially because the prototype does not run Apple's iOS mobile operating system. Instead, the item description says the gadget runs on a special test software, which Apple has been known to use on other iOS device prototypes. "I am selling a very rare original iPhone engineering prototype," the seller wrote in the item description . "These were used to test the iPhone's various features.
BUSINESS
April 24, 2012 | By David Sarno
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...
BUSINESS
January 23, 2013 | By Andrea Chang
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.
BUSINESS
April 2, 2012 | By Deborah Netburn
One analyst is predicting that Apple stock will hit $1,001 in the next 12 months. Some people might call that number crazy, but Brian White, an analyst with Topeka Capital Markets who authored a report released Monday called "Apple Fever has More to Run," said if anything the valuation might be too conservative. "All we're doing is putting a 17 multiple on the earnings for 2013 and then adding back $103.66 cash," he said. "I think it's a conservative number. For most of its history Apple's growth rate was 86% a year.
NEWS
December 31, 2012 | By Sara Lessley
There's often a slow-down in news during the holiday season, with lawmakers out of town, businesses closed and many people on vacation. In turn, newspapers tend to run more feature stories, photos and retrospectives. Whether that touches readers' hearts -- or perhaps readers just have more time to write -- the letters to the editor at The Times often include thanks and appreciation this time of year. Here's a selection. And a happy New Year to all. Ann Bourman of Los Angeles savored a photograph : “Thank you for a lovely Christmas present -- a photograph of adorable children playing and singing Hanukkah and Christmas music in the Breed Street Shul.
BUSINESS
March 1, 2013 | By Chris O'Brien
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...
BUSINESS
January 25, 2013 | By Chris O'Brien
The king is, well, not exactly dead. But Apple's stock has taken a pretty serious knee-capping this week, compounding a slide that began in  September. And as a result, Exxon is once again king of the stock markets.  On Friday, Exxon became the world's most valuable company as Apple's stock fell in midday trading  $10.46, or  2.32%, to $440.04. In midday trading, Exxon boasted a $ 417.59 billion market cap; Apple's  was  $ 412.36 billion. The days of August, when people were debating whether Apple had set the record for the most valuable company in history, now seem like a dream from another era.  QUIZ: Test your Apple knowledge Apple's stock has now dropped 37% since its September high of $702.10.
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