In a securities filing, Apple detailed its $3.5 billion European bond, which begins to accrue interest today, with the first interest payment due November 10 next year. The bonds are split between 8-year and 12-year maturity dates, with the 8-year bond maturing on November 10, 2022. Apple is looking to take advantage with some of the lowest interest rates with its issuance of debt....
Canaccord Genuity's Michael Walkley said in a recent investor note that according to his research, Apple claims a whooping 86% of profits made in the smartphone industry. By contrast, Samsung was estimated to have 18%. If that math seems weird there because the two added up to over 100%, that's because Motorola and Microsoft have been going through net losses. Meanwhile, HTC and...
Apple sales released their annual report, where they confirmed that iTunes music sales had declined this year. While they didn't specify the amount of the decline, a recent report puts it between 13 and 14 percent. Overall, however, sales in the iTunes Store grew thanks to app sales and in-app purchases, according to the report: Growth in net sales from the iTunes Store was driven...
Earlier this week Tim Cook and the team at Apple presented the company's Q4 2014 financial results to Wall Street analysts. The results were obviously very strong, as was guidance for next quarter. This explains the market's positive reaction. Apple stock is trading a couple of points higher the day after. If you need a reminder of just how huge Apple is, revenue for the year was a...
Starting the first quarter of its 2015 fiscal year, Apple CEO Tim Cook said that the company may not break out sales figures for the Apple Watch. By not disclosing exact sales numbers for Apple's nascent smartwatch, a typically secretive Apple would hope to gain a competitive advantage over competitors. Apple would employ a new way of reporting sales and earnings for its Apple Watch by...
Apple has released their Q4 2014 financial earnings report and the big numbers include 39.3 million iPhones, 12.3 million iPads, 5.5 million Macs, 2.6 million iPods, and $42.1 billion in revenue!Apple's CEO, Tim Cook, had the following to say: "Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus. With amazing...
Earlier today billionaire hedge fund icon Carl Icahn released the open letter to Tim Cook that he promised was coming. It's pretty long and the bulk of the content reads like a miniature version of a Wall Street analyst report justifying a "buy" recommendation on the stock. My first thought: Can this guy not throw in a few more paragraph breaks? It's insanely hard to read gigantic...
As he said he would yesterday, billionaire investor Carl Icahn has sent an open letter to Tim Cook, urging Apple's CEO to convince the company's board to repurchase a large amount of shares. The letter outlines, in detail, Icahn's expectations of the company and it's products, including new products like HomeKit, Apple Pay, and the Apple Watch. He also said that this letter wasn't a jab...
On Tuesday of this week Samsung shocked much of Wall Street. The South Korean mobile giant said it would bring in a profit of $3.8 billion for the quarter compared to analyst expectations of about $5.2 billion. This also represents a year over year decline of about 60%, so it's a huge downward swin For quite some time, Samsung has been the dominant name in Android land. In North...
Yesterday Apple revealed it's new payment solution, Apple Pay, as part of the big iPhone 6 launch in California. The rumours that had been circulating about what we previously called 'iWallet' were largely correct. And, of course, there is more to the story. But before I dive into my thoughts, Apple watchers who follow the stock might want to browse through this post at Fortune. It's a...