Financial Articles on TUAW - The Unofficial Apple Weblog

Tim Cook declines dividends being paid to Apple employees

by Kelly Hodgkins (May 25th, 2012)

Apple's Board of Directors approved a dividend equivalent payment to employees holding restricted stock units, but this won't apply to Tim Cook, says a report in MacRumors. These RSUs vest after a period of time and are usually given to employees to entice them to stay with the company for a ...

Apple sales in China growing rapidly

by Kelly Hodgkins (May 10th, 2012)

Apple said during its recent earnings conference call that sales in China are booming, and now a report from Beijing Business Today shows us just how quickly Apple is making inroads into the Asian country. According to the report, Apple's Q2 2012 sales have tripled from the same quarter last ...

Sprint sold 1.5 million iPhones to new customers in Q1

by Kelly Hodgkins (Apr 25th, 2012)

Sprint announced its quarterly earnings on Wednesday and the results were disappointing as expected. The carrier posted a net loss of US$863M and cash reserves are now at a razor thin $7.6 billion. In the midst of this doom and gloom, one bright spot for Sprint was the iPhone. The carrier ...

Time magazine explores Apple's success

by Kelly Hodgkins (Apr 25th, 2012)

TIME Business has a short, but poignant article from Sam Gustin about Apple and its business strategy. Unlike similar articles that focused on Steve Jobs and his leadership style, this article looks at Apple as a whole. Gustin says that Apple has a winning combination of innovation, execution ...

Apple announces record quarter sales, 94% year over year net profit increases

by Erica Sadun (Apr 24th, 2012)

Apple just posted its Q2 2012 SEC filings. CUPERTINO, California-April 24, 2012-Apple ® today announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The Company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion, or $12.30 ...

Chinese customers investing in Apple's suppliers

by Kelly Hodgkins (Apr 24th, 2012)

It's a gold rush in China as investors line up to cash in on Apple's success by buying up shares in Apple's Asian suppliers, says a report in Reuters. Chinese law prevents investors from buying Apple directly, so many are turning to firms Apple mentioned on its recent supplier list. Even ...

Apple will webcast Q212 earnings release conference call on April 24

by Michael Grothaus (Apr 20th, 2012)

What is arguably the most anticipated earnings call on Wall Street every quarter will take place next Tuesday, April 24th at 2pm PT/5pm ET. That's when Apple will release its earnings report for the second quarter, which ended March 31st. There's lots of speculation about whether Apple will ...

Report: iPhone 4S sales slowing in developing market

by Kelly Hodgkins (Apr 19th, 2012)

Analyst T. Michael Walkley of Canaccord Genuity told investors in a Thursday research note that iPhone 4S sales are slowing in "certain developed markets," according to a report by AppleInsider. Some of this slowdown can be attributed to a fresh crop of dual-core and quad-core Android phones ...

Goldman Sachs projects AAPL will hit $750

by Megan Lavey-Heaton (Apr 18th, 2012)

Goldman Sachs sees a rosy future for Apple despite recent stock dips, expecting stock prices to hit $750 and advising investors to buy ahead of next Tuesday's earnings report. AppleInsider reports that analyst Bill Shope estimates that Apple sold 31.1 million iPhones and 12.5 million iPads in ...

Apple poised to become world's first trillion dollar company by 2014

by Steven Sande (Apr 3rd, 2012)

Piper Jaffray analyst Gene Munster raised his estimates for Apple share prices this morning, with a new 12-month price target of US$910 per share. Not long after that point, Munster expects the price of AAPL to go beyond the thousand dollar mark, which would translate to a market capitalization of ...

Can the iPad sustain its incredible yearly growth?

by Kelly Hodgkins (Mar 22nd, 2012)

Horace Dediu of Asymco examined the history of Apple's iPad sales since 2010 and calculated that its grown at an astonishing rate of 150 percent each year. Based on Apple's stellar iPad launch weekend, Dediu believes this phenomenal growth is sustainable. As Philip Elmer-DeWitt points out, ...

Apple Cash Call: TUAW Liveblog

by Michael Rose (Mar 19th, 2012)

Welcome to our liveblog of the Apple financial call discussing the company's cash position. As announced in the 8:30 am press release, Apple plans to issue a dividend and initiate a stock buyback program. ...

Apple plans to initiate dividend and share repurchase program

by Kelly Hodgkins (Mar 19th, 2012)

A statement by Apple this morning has confirmed the company will start paying dividends to investors and buy back US $10 billion in shares starting this year. Subject to declaration by the Board of Directors, the Company plans to initiate a quarterly dividend of $2.65 per share sometime in ...

AAPL flirts with $600 today

by Kelly Hodgkins (Mar 15th, 2012)

Apple's stock soared on Wednesday and now it is poised to cross the US$600 mark. As noted by CNN Money, the stock hit $600 once and has fallen back down to $598 at the writing of this post. As The Wall Street Journal points out it took Apple 34 trading days to jump from $400 to $500 and a mere 23 ...

Tidbits from Apple's shareholders meeting

by Mike Schramm (Feb 23rd, 2012)

CNBC was at the Apple shareholders annual meeting that took place February 23 in Cupertino, and you can read through detailed notes of the summit on its site. There were only a few official matters to discuss, and the first was whether or not the company would adopt majority voting for its board ...