Applefinancial Articles on TUAW - The Unofficial Apple Weblog

Apple rollin' in the dough: 75% of cell phone profits

by Steven Sande (Feb 3rd, 2012)

The news just keeps getting better for Apple in the mobile phone business. Just yesterday, IDC reported that the company is in third place in terms of worldwide mobile phone sales. Today, Asymco analyst Horace Dediu announced that with a relatively small piece of the pie (IDC said 6 percent of ...

Investors eyeing Tim Cook's management of Apple's cash horde

by Chris Rawson (Jan 26th, 2012)

Every three months Apple announces its quarterly earnings, and we see the company's huge pile of cash grow to increasingly awe-inspiring heights. Like clockwork, a day or two after the earnings announcement comes calls for Apple to give some of that money back to its shareholders in the form of ...

Lesser-known facts from Apple's earnings statement

by Chris Rawson (Jan 25th, 2012)

The attention-grabbing numbers from Apple's most recent earnings statement have already made the rounds -- US$46 billion in revenue, net profit of $13 billion, 37 million iPhones sold -- and all of that within three months. Apple didn't just turn in record-breaking performance for a tech company; ...

Results of Thailand floods still affecting tech industry

by Kelly Hodgkins (Jan 25th, 2012)

Last year, Thailand was rocked by floods that devastated the country. It destroyed cities and towns and put a severe dent in Taiwan's manufacturing industry. Hard drive manufacturing was hit the hardest and shortages in the supply of drives started to surface last year. This deficit is impacting ...

Amateurs beat pros at predicting Apple's Q1 performance

by Steven Sande (Jan 25th, 2012)

When it comes to predicting Apple's financial performance, you may want to ask bloggers, day traders, and amateur analysts instead of listening to Wall Street analysts. As cited in a post by Apple 2.0's Philip Elmer-DeWitt, the real analysts blew it big time predicting Apple's financial numbers for ...

Daily Update for January 24, 2012

by Steven Sande (Jan 24th, 2012)

It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get all the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's Apple stories by clicking the inline player (requires ...

What's Apple going to do with $97 billion in cash?

by Kelly Hodgkins (Jan 24th, 2012)

During its earnings conference call, Apple confirmed the company is sitting on a treasure chest of US$97.6 billion. This stack of cash is steadily growing, up from $81.6 billion at the end of the September quarter. With all that money in the bank, you can't help but wonder... what's Apple going to ...

Tim Cook: Tablet market will eventually exceed PC market

by Megan Lavey-Heaton (Jan 24th, 2012)

As part of today's earnings call, Apple CEO Tim Cook said he believes tablets will eventually eclipse PCs. "I believe there will come a day when tablet market by unit is larger than the PC market," he said. Cook emphasized that Apple would continue to be innovative in the tablet market, and that ...

Apple Q1 2012 results liveblog

by Erica Sadun (Jan 24th, 2012)

Today, TUAW liveblogs Apple's first quarter conference call. If you'd like to listen live, point your browser to Apple's dedicated page. I'll be doing live updates as they're discussed, including coverage of the Q&A followup. The liveblog appears in reverse chronological order, with newer ...

Apple announces Q1 2012 earnings, sells a record-breaking 37 million iPhones

by Kelly Hodgkins (Jan 24th, 2012)

Apple released its earnings statement and announced yet another banner quarter. Apple knocked it out of the park, with record quarterly revenue of US$46.33 billion compared to $27.64 billion in the year-ago quarter. As predicted, iPhone sales were through the roof with 37.04 million units sold. ...

Research: 19 percent of Americans own a tablet

by Megan Lavey-Heaton (Jan 23rd, 2012)

Pew Research Center has found that the number of Americans owning tablets shot up by 10 percent to 19 percent between mid-December and early January, nearly doubling the number of tablet owners during the holiday season. The number of people owning digital-reading devices, which includes tablets, ...

Apple supplier data suggests great holiday sales

by Steven Sande (Jan 12th, 2012)

With just under two weeks to go until Apple announces financial results on January 24, analysts are lining up their refined estimates for just how well the company may have done for the holiday quarter. UBS analyst Maynard Um, in a research note to his clients quoted on GigaOM, believes that ...

Apple closed at a record high on Friday; hits all-time intraday high today

by Steven Sande (Jan 9th, 2012)

On Friday, January 6, Apple stock quietly achieved a milestone by closing at an all-time record high price of US$422.40 per share. Even better, the stock has just passed an all-time intraday high (it was at $427.75 earlier this morning). That puts the company's market capitalization ...

Apple stock named top pick for 2012

by Steven Sande (Jan 3rd, 2012)

If part of your Christmas gift stash includes a lot of cash, you might want to consider spending it on shares of Apple, Inc. Ticonderoga Securities has named the company's stock the 'top pick' for investors in 2012, mirroring the recommendation made last year by the group. Of the 20 companies ...

App Store hypothetical market cap beats RIM's value

by Michael Grothaus (Dec 20th, 2011)

Research in Motion, maker of the once-ubiquitous BlackBerry, hasn't been doing so well this year. As each month goes buy, its smartphone continues to lose market share to the likes of Apple's iPhone and Android-powered phones. Just last week, RIM's stock sank after dismal quarterly earnings and ...