Apple CEO Tim Cook has a problem, a $98 billion problem. Just 18 months ago, Apple's $46 billion mountain of cash, while huge by most standards, attracted only muted complaints from investors, who did call for a dividend or share buyback, but were mostly happy with the meteoric rise in the stock price.
Apple has posted a record quarterly results on strong demand for iPhone, iPad, and Macs. The company's cash pile reached near $100 billion and is expected to surpass the coveted $100 billion mark next quarter.
The new concept design photos have been released by Italy-based ADR Studio.
When Apple Inc set up its customer service plan for the iPhone, it seems to have had the best intentions of humanity in mind - any phone under warranty can get serviced because it's the phone that's tied to the warranty, not the owner.
Apple Inc. has a high-quality balance sheet with net cash of $97.6 billion or $103.6 per share at the end of fiscal first quarter. Investors look puzzled regarding what Apple intends to do with its cash hoard.
Stocks rose on Wednesday after the Federal Reserve said it would keep interest rates near zero through at least 2014 and Apple's spectacular results boosted investor sentiment.
Big profits from Apple and a promise from the Federal Reserve to keep rock-bottom rates for at least two more years powered the U.S. stock market higher on Wednesday.
J.C. Penney Company Inc. (NYSE:JCP), run by Apple Inc.'s former retail chief, is permanently marking down all of its merchandise by at least 40 percent so that shoppers no longer have to wait for a sale to get the best bargain.
The Nasdaq rose on Wednesday, powered by a strong earnings report from Apple, while the Dow and S&P 500 turned higher after the Federal Reserve said it would keep interest rates near zero through at least 2014.
Apple, Inc.'s (NASDAQ:AAPL) strong quarterly report with significant upside to iPhone units and solid upside to iPad would naturally be viewed as a positive for Apple supply chain companies including Qualcomm, Inc. (NASDAQ:QCOM).
The companies expected to see active trade Wednesday are: Apple, Boeing, CA, Xerox, Automatic Data Processing, Netflix, General Dynamics, SanDisk Corp, Hess Corp, Abbott Laboratories, Abbott Laboratories, ConocoPhillips and Murphy Oil Corp.
Gold prices struggled Wednesday to hold recent gains as the dollar rose and investors awaited results of the Federal Reserve's two-day meeting on interest rates.
Sony has confirmed they will begin shipping samples of an 8 megapixel module sometime in March.
The top after-market NASDAQ gainers Tuesday were: CA, Saba Software, Cirrus Logic, Apple Inc and TriQuint Semiconductor. The top after-market NASDAQ losers were: First Midwest Bancorp, Mercury Computer Systems, Approach Resources, NVIDIA Corp and Nektar Therapeutics.
Stocks edged lower on Tuesday, ending a five-day rally for the S&P 500, as talks to resolve Greece's debt crisis hit a snag and earnings from a number of blue chips disappointed investors.
Stocks edged lower on Tuesday, with the S&P 500 pulling back from a five-day rally, as talks to resolve Greece's debt crisis hit a snag and a number of earnings from blue chips disappointed investors.
Verizon Communications may miss analyst expectations for 2012 earnings after posting disappointing fourth quarter results as it was hurt by hefty subsidies for the Apple Inc iPhone.
Verizon Communications profit missed Wall Street expectations by a penny as its wireless business was hit by the high costs of sales of advanced phones such as the Apple Inc iPhone.
Verizon Communications profit missed Wall Street expectations by a penny as its wireless business was hit by the high costs of sales of advanced phones such as the Apple Inc iPhone.
Verizon Communications posted a quarterly loss due to a non-cash pension charge and high costs from strong sales of the Apple Inc iPhone.
Brigantine Advisors has raised its first-quarter profit estimate for Apple Inc. (NASDAQ:AAPL) on strong iPhone shipments.
After conducting an in-depth study, Research In Motion Ltd.'s (NASDAQ: RIMM) new Chief Executive Officer (CEO) Thorsten Heins will conclude that a significant restructuring is necessary, as the company cannot otherwise compete with Apple Inc. and Google Inc.'s Android operating system, said brokerage firm Jefferies.
