January 23, 2013 |
Apple investors will soon find out whether their fears are founded, as the tech juggernaut is set to report its fiscal first-quarter earnings Wednesday afternoon. [For the Record, 7:32 a.m. Jan. 23: An earlier version of this post stated that Apple was due to report its fourth-quarter earnings. It is to report its fiscal first-quarter earnings. ] Apple's stock has fallen nearly 30% since September, in a sell-off fueled by reports of waning iPhone 5 sales and questions over whether Tim Cook can lead the company through the post-Steve Jobs era. Investors also worry that Apple could be losing market share to rivals, or that profits could suffer if it makes cheaper phones and tablets. Apple won't report its earnings until after the closing bell on Wall Street.
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.
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.
September 12, 2012 |
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.
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.
September 23, 2013 |
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.
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.
October 28, 2013 |
Apple Inc. announced earnings largely in line with Wall Street's expectations as sales of iPhones climbed while the iPad remained flat. The company reported revenue in the fourth quarter of its 2013 fiscal year of $37.5 billion, up from $35.97 billion a year earlier. That number topped analysts' estimates of $36.84 billion and Apple's own guidance from last month of around $37 billion. "We're pleased to report a strong finish to an amazing year with record fourth-quarter revenue, including sales of almost 34 million iPhones," said Tim Cook, Apple's chief executive, in a new s release.
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 16, 2014 |
A beginning elementary school teacher in a small district in California makes around $40,000 per year. That's 2 or 3 thousand dollars more than poor Larry Ellison brings in -- but Ellison, the CEO of Oracle Corp., earns it in an hour. There's nothing that illustrates the vast and growing wealth gap in America more starkly than a list of the incomes enjoyed by the top business executives in the country. A new study done for the New York Times found that pay for the 100 top CEOs jumped 9% from 2012 to 2013, raising their median annual compensation to nearly $14 million.