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AAPL Soars Past Magic $700 Mark on iPhone 5 Frenzy
September 19, 2012
Apple's iPhone 5 is driving the stock to all-time highs, climbing past $700 per share for the first time in the tech giant's history. The company had already claimed the title of most valuable company before it surged past $700, but its close at $701.91 on Tuesday was a high point for the maker of the iPhone. The sky-high numbers came after the company announced it sold more than 2 million iPhone 5s Friday.
Apple vs. Samsung: There Will Be More Blood
August 29, 2012
Apple admirers cheered when a jury in San Jose, Calif., last week found Samsung guilty of infringing on many of Cupertino's design and utility patents, a transgression for which the Galaxy smartphone maker will have to pay over $1 billion in damages. Apple's stock was given a big boost on the news. However, the battle between the two is just beginning.
Competition Takes Bite Out of Apple in China
August 24, 2012
Today in international tech news: Apple's slice of China's smartphone market drops. Also: Apple and Samsung are both losers in a South Korean court ruling; South Korea nixes a regulation requiring Internet users to use their names; the world's largest oil company is hacked, with more to come; a German law firm says it will publish the names of people downloading pirated porn.
September Is Put-Up or Shut-Up Time for Apple
August 22, 2012
Apple was recently crowned the most valuable public company in history. But in order to keep that title, its next iPhone, expected to go on sale next month, will have to be a huge hit. That could very come to pass. A report from FBR Market's Craig Berger predicted the upcoming phone could sell as many as 250 million units over its lifecycle.
Apple's Record-Breaking Value: Hard to Reach, Hard to Keep
August 21, 2012
The stock market can't get enough of Apple, it would seem. On Monday the company's shares passed the $664 mark, setting a new record as the most valuable publicly traded company in history. On Tuesday morning the legend continued: Apple's stock rose close to 1 percent, trading at $671.30 per share before hitting a mid-morning decline.
Where Apple's Boy Genius Went Wrong
August 9, 2012
Apple produced a set of three terrible ads that ran on television for the first part of the Olympics. They featured a cute and likeable Apple Genius boy/man out in public in his Apple Genius blue t-shirt helping hapless individuals. They didn't exactly resonate with me, but hey, any commercial that doesn't freakin' sing to me gets ignored.
Apple's Fancy New Social Play
August 8, 2012
Recent reports suggest Apple might be weighing a jump into the online social world. With Facebook and Google bringing in ad revenue and additional exposure from their social networks, the company may be looking to invest in a social startup of its own. Apple is reportedly in talks to purchase The Fancy, a social e-commerce site that has been likened to Pinterest.
Apple Widens Its Lead in Sizzling Tablet Market
August 3, 2012
Apple shows no signs of yielding its clear lead position in tablet sales following a record second quarter in a tablet market that's hotter than ever, according to research from IDC. Tablet makers worldwide shipped 25 million units in the second quarter of 2012, IDC found.
Mountain Lion Sells Like Hotcats
August 1, 2012
Apple's new version of its operating system, OS X Mountain Lion, launched last week in what the company said was the biggest debut for any OS X edition ever, exceeding 3 million downloads in four days. The new OS has more than 200 new features, including enhanced iCloud integration and a greater emphasis on sharing and storing data across multiple Apple devices.
Apple's Indestructible Super Suit Gets a Slight Tear
July 25, 2012
Uh oh. Apple has done the seemingly impossible: It failed to meet analysts' expectations for its quarterly performance. Not that an investor would feel any sense of dismay by merely studying Apple's numbers. The company posted quarterly revenue of $35 billion and quarterly net profit of $8.8 billion. These results compare to revenue of $28.6 billion and net profit of $7.3 billion in the year-ago quarter.
Virgin Media's Multimillion-Dollar Usain Bolt Ad Campaign Banned
July 25, 2012
A British watchdog has banned an advertising campaign by Virgin Media which used Usain Bolt because of claims Bolt makes about super-fast broadband, according to The Guardian. The ad campaign, which cost Virgin millions of dollars, showed Bolt, a gold medal-winning Jamaican sprinter, mimicking Virgin's founder to promote the company's goal of doubling broadband Internet speeds.
Apple's Balloon Loses a Little Air
July 25, 2012
Apple announced quarterly earnings that were lower than expected Tuesday, causing shares to plunge in after-hours trading. Though analysts weren't projecting another record quarter for the Cupertino company, results still fell short of Street predictions. Profit rose 21 percent to $8.8 billion, or $9.32 per share, on a revenue of $35 billion.
With Proview in the Rearview, iPad Cruises Into China
July 11, 2012
New data has been revealed about Apple's presence in China that firmly underscores the nation's importance to the iPad and Mac maker. China accounted for about 20 percent, or US$7.9 billion, of Apple's revenues for its latest fiscal quarter, more than three times that of the same time a year before.
Apple Changes Its OS X Security Tune
June 27, 2012
Apple has changed the wording on its website regarding the security of its OS X operating system. The company used to boast that OS X didn't get the "thousands of viruses plaguing Windows-based computers." Recently, however, that was changed to read "It's built to be safe." The site then outlines some of the ways in which its newest version of the operating system is designed to combat attacks.
Will iPad Scratch the Surface, or Vice Versa?
June 20, 2012
Despite Android device makers' best efforts, Apple has ruled the tablet market for years with its iPad line. But one of the company's oldest rivals will soon come knocking, and this week it showed off just how it plans to enter the tablet scene. Microsoft's Windows 8 operating system will be built with tablets in mind -- that much has been known for many months.
WWDC: New Friendships Forged, Old Bonds Broken
June 13, 2012
Apple executives once again took the stage this week to show off the company's new software and hardware initiatives at its annual Worldwide Developers Conference. This was the first time CEO Tim Cook took the helm at a WWDC keynote. He and other company executives presented conference-goers with a first look at Apple's upcoming version of iOS.
Apple and Facebook - Relationship Status: Flirty
June 6, 2012
Apple may be forming a close friendship with Facebook as the iPhone maker develops its next-generation mobile OS, judging by a comment from Apple CEO Tim Cook at the recent D: All Things Digital conference. Taking the stage for a public interview at the event, Cook was asked about Facebook integration in iOS 6, the presumed name for the next version of Apple's mobile operating system.
What Will Star in Apple's Big Show?
May 30, 2012
Apple has released its schedule for its upcoming Worldwide Developers Conference, which will take place in San Francisco next month. The event kicks off with a keynote address on Monday, June 11. The conference is an opportunity for developers to attend workshops and discuss the future of building for iOS and OS X, but in years past it's also been the stage for major company announcements.
The 183 Billion-Dollar Brand
May 23, 2012
Apple was named the most valuable brand in the world in a study released Tuesday by research agency Millward Brown. It's the second year in a row the tech giant took the crown. The company raised its brand value over the past year by 19 percent to a $182.9 billion, Millward Brown reported. IBM, Google and Microsoft were among the top five.
New MacBook, New Cloud, New Leaf
May 16, 2012
Apple computer users might soon have a thinner, lighter version of the MacBook, according to numerous reports. The new design will apparently still bear the "MacBook Pro" name but will more closely resemble an Ultrabook -- thin, light and affordable PC laptops. It will supposedly feature a high-definition screen similar to the ones found on iPhones and iPads.
Will Apple Take Root in Walmart?
May 9, 2012
Forbes released its annual list of the largest corporations in the U.S. this week, and Apple had the biggest increase. It jumped from the 35th spot in 2011 to finish 17th on this year's list, which ranks companies on the basis of revenue. Apple still hasn't climbed into the ranks of Exxon Mobil, Walmart or General Electric when it comes to cash flow, but in the tech world, only HP was ahead of Apple on the list.
Samsung Rising
May 2, 2012
Apple revealed its latest quarterly earnings statement a week ago, and it was another period of strong sales for the company. That was thanks in part to customers in emerging markets buying iPhones. One report from Deutsche Bank this week said that Apple could sell as many as 25 million iPhones in China this year and could have 35 million iPhones there by 2013.
Apple Can Print Money, but Can It See the Future?
April 25, 2012
Apple once again blasted Wall Street's -- and its own -- predictions on its financial performance for the March quarter of this year. The company announced Tuesday that it raked in $39.2 billion in revenue during the period, which is Apple's second fiscal quarter. That's more than a 58 percent increase over the same period a year ago, when revenues were $24.7 billion.
Apple Blows Wall Street's Mind Again
April 25, 2012
Apple announced yet another fiscal quarter that made Wall Street's head spin, sending shares skyward in after-hours trading. Revenue was up 59 percent for Apple, bringing in $39.2 billion compared to the $24.67 billion it reporter a year earlier. The tech giant reported quarterly earnings Tuesday of $12.30 per share.
Apple's Wall Street Winning Streak Hits a Pothole
April 18, 2012
Apple's weeks-long roll on Wall Street went off the rails this week and last as share prices significantly dropped over a five-day period, jumping back to life Tuesday. The stock dipped to US$580.13 at Monday's close, down 9.9 percent from its highest point of $644 on April 10. It was the fifth consecutive day of decline for the company.
iPhone Lucre and iPad Cash Form Raging River of Revenue
April 11, 2012
Apple's market capitalization passed the $600 billion milestone Tuesday, a first for the company. Shares of the stock went as high as $644 on Tuesday, putting Apple's market cap at $600.2 billion. The company is riding on record product sales, especially with its iPhone 4S and new iPad, as well as the announcement that an investor dividend is coming.
Apple? $1 Trillion? Really?
April 4, 2012
Is Apple on the fast track to become the first trillion-dollar company in world history? Just a few short weeks ago, that prospect appeared to be the exclusive fantasy of wild-eyed Apple fanboys posing as stock analysts, but now the idea appears to be gaining street cred.
Apple and Samsung: Bad Blood Gets Badder
April 4, 2012
The smartphone war is often depicted as a battle between iOS and a world of Android phonemakers, but a report released this week suggests that in terms of profit, Apple really has one main challenger -- Samsung. The South Korean manufacturer and Apple together account for 95 percent of the Q4 2011 profit in the handset industry, according to a report from Canaccord Genuity.
Cook Does China His Way
March 30, 2012
Tim Cook this week made his first visit to China since he took the tiller as CEO of Apple last August. Cook's trip to the Asian nation mixed business with politics. He visited a Foxconn factory that makes iPhones and an Apple Store in Beijing. He conducted skull sessions with the city's mayor, Guo Kinlong, and the country's Vice Premier Li Keqiang, who is expected to succeed Wen Jiabao as premier of the nation.
iPad: Hot Sales, Harsh Spotlight
March 28, 2012
Apple CEO Tim Cook has traveled to China, hoping to bolster investment in the enormous Eastern market. Emerging markets are critical for many tech companies, and Apple already has its foot in the door in China. Factories located there are vital manufacturers for the company. The country also represents a potentially huge sales opportunity in which Apple is trying to invest deeper.
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