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Tag: finance

Apple's $14 billion stock buyback helps save money on dividend payments

Tim Cook yesterday revealed that Apple in the last two weeks alone snatched up US$14 billion worth of its own shares. That's an astounding figure that really puts Carl Icahn's investment in Apple to shame. To help put the $14 billion buyback into context, this tweet from Sammy the Walrus IV...

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Apple buys back $14 billion worth of own shares in 2 weeks and other news for Feb. 6, 2014

The Wall Street Journal is reporting that Apple, in the last two weeks alone, repurchased US$14 billion worth of its own shares. Recall that when Apple announced its earnings two weeks ago, the company posted an all-time quarterly record for revenue, along with record iPhone and iPad sales. But...

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Apple's corporate peers in the $10B quarter club all have something in common

After Apple posted its earnings from the quarter gone by last week, the company's stock price went into an absolute freefall, dropping by US$50 in the span of just three days. Today, Apple shares are trading in the low $500 range, representing about a 12 percent drop from a three-month high of $570...

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Afternoon News Roundup - the January 6 ice-cold edition

With many parts of the US experiencing record-breaking ice-cold temperatures today (the high in Chicago today is minus 15 degrees Fahrenheit for those keeping score at home), here are some afternoon Apple news items to help keep you warm, or at the very least, distract you from the biting...

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Apple files Preliminary Proxy Statement with SEC, urges shareholders to oppose Carl Icahn's share buyback proposal

Apple on Friday posted its Preliminary Proxy Statement with the SEC. The statement provides notice that Apple's annual shareholders meeting is scheduled to take place in 2014 on Friday, February 28. The meeting will see shareholders consider five proposals, one of which is activist investor Carl...

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AAPL in the black for 2013, shares expected to climb

AAPL shareholders were cheering last Friday because of all the foot traffic going through Apple Store doors. But that wasn't their only reason to celebrate. The day also marked the first time AAPL stock was in the black this year, closing at a high of US$556.07. The stock price started the year...

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A quick look back at Apple's dividend history

While Apple during the Steve Jobs era wasn't too keen on doling out dividends, Tim Cook has taken steps to return boatloads of money back to shareholders. This past April, Apple more than doubled its capital return program when it increased its quarterly dividend of US$2.65 by 15 percent and...

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Mint for iOS gets all-new look; adds trends, transaction editing

Intuit has just dropped a totally redesigned Mint.com app in the App Store. The UI has been reimagined from top to bottom, starting with the app's icon, which now clearly shows how much Intuit wants to make sure you know they own Mint. Truthfully, the icon is a step back. The small leaf jars with...

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Yahoo Finance for iOS gets major overhaul

Yahoo has finally gotten around to updating its long-neglected Yahoo Finance app. The delay has puzzled many, especially since Finance is one of the most well-respected and well-known properties in Yahoo's portfolio. But whatever the reason for the wait, it appears it's been worth it. Remember...

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Apple's per-employee revenue is 'off the charts'

If there's one thing Apple is not in need of, it's cash in its bank account. It's hardly a secret Apple is a moneymaking machine, enjoying margins that other hardware manufacturers can only dream of. During Apple's most recent quarter, the company posted revenue of US$37.5 billion, marking a new Q4...

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What analysts are expecting from Apple's earnings report today

Apple later this evening will be releasing its earnings from its most recent quarter and all eyes will be focused on two metrics; how many iPhones Apple sold during the quarter and what Apple's earnings check in at. Notably, Apple in late September made a regulatory filing with the SEC indicating...

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Why following Apple stock is not for the faint of heart

The unveiling of the iPhone 5s and 5c precipitated a nearly 51-point drop in shares of Apple, falling from US$505 to $454 in less than a week's time. The recent decline in Apple's share price serves as a prime example of why keeping a close eye on Apple's stock performance is often an exercise in...

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How smartphones mean 'game over' for consoles, portable game systems

If there's one Wall Street analyst who consistently makes sense when it comes to computing and mobility, it's Asymco's Horace Dediu. On a regular basis, Dediu charts the sales and shipping information released by consumer electronics companies like Apple and is able to spot trends that spell...

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Verizon CEO: No Canadian expansion planned

The Canadian government has been looking for ways to expand mobile coverage from three nationwide carriers -- Rogers, Bell Wireless and Telus -- to four. There were hopes that US carrier Verizon Wireless would purchase a small Canadian regional carrier, then buy spectrum in a government auction...

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iPad market share struggles in China

Research firm IDC reports that iPad shipments to China fell sharply during the second quarter of 2013, dropping from over 50 percent of the country's tablet market to only 28 percent. The iPad is still the top tablet in China, with Samsung grabbing an 11 percent share and Lenovo an 8 percent...

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