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Tim Cook cashes in 37,500 shares of Apple stock, nets $11.1 million after taxes
Apple filed a Form 4 with the US Securities and Exchange Commission on Tuesday indicating that CEO Tim Cook, on March 10, sold 37,500 shares of Apple stock. When the dust settled, Cook took home $11.1 million after taxes. The shares Cook sold had just recently vested after a 2-year waiting period. The shares were […]
Continue reading...AAPL shares climb to all-time closing and intraday highs
14. March 2012
Update: As of 10am Central Time, Apple shares are up $14.43 and are trading at $582.53. Buoyed by Apple’s latest iPad unveiling and the already strong demand for Apple’s next-gen tablet, shares of Apple on Tuesday climbed to all-time closing and intraday highs. At the close of trading on Tuesday, shares of APPL were trading at […]
Continue reading...Apple’s market cap passes the $500 billion threshold as stock climbs towards $550
4. March 2012
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Shares of Apple last week continued their meteoric rise as the company entered uncharted territory – $500 billion market cap. Or if you want to make it sound all the more impressive, Apple’s market cap is now half way to a trillion. While a number of companies have reached the $500 billion market cap milestone, […]
Continue reading...Amazon Q4 2011 earnings beat Wall St. consensus; profits down 58%
31. January 2012
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Earlier today, Amazon released their earnings results from 2011 holiday quarter and, suffice it to say, they’re no Apple. Though overall revenue came in at $17.43 billion, up 35% from the same quarter a year-ago, the company’s actual profits declined by a whopping 58% to $177 million. All told, Amazon reported earnings of $0.38 a […]
Continue reading...iPhone sales top 37 million as Apple records record-breaking quarter
24. January 2012
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Apple last quarter had a slight misstep when its earnings fell short of analyst expectations for the first time in years. Of course, the delayed release of the iPhone 4S had something to do with revenue coming in below expectations. But during last quarter’s earnings conference call, Apple CEO Tim Cook boldly predicted that December […]
Continue reading...Apple CEO Tim Cook to cash in on stock options in early 2012
10. January 2012
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2012 is looking to be a good year for Apple CEO Tim Cook. The Wall Street Journal reports that the first quarter of a new year is the most common time for stock options to vest and that Tim Cook, more than any other Silicon Valley executive, stands to gain the most over the next […]
Continue reading...Samsung reports record quarterly profit on strong mobile handset sales
7. January 2012
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Who says there’s no money in ripping off the IP of other companies? Bloomberg reported yesterday that Samsung reported record quarterly profits, thanks in no small part to its immensely popular line of Galaxy smartphones. And for the first time in company history, Samsung’s total number of mobile phone sales surpassed 300 million units. “The […]
Continue reading...Why Apple shares remain grossly undervalued and have nowhere to go but up
3. January 2012
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Though Apple’s earnings continue to grow at an astronomical pace, the company’s share price hasn’t been able to keep up. Sure, shares of Apple have recently been trading in the upper $300/lower $400 range, but its P/E ratio is absurdly low measured against some of the other industry players who haven’t enjoyed, nor are poised […]
Continue reading...Apple may issue dividend in early 2012 – Rumor
20. December 2011
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As Apple’s hoard of cash continues its epic rise to the $100 billion level, the company’s stock price seems to be languishing in the upper $300 range. And while most companies would kill for Apple’s market cap – second only to Exxon – there’s no getting around the fact that Apple’s share price is abnormally […]
Continue reading...Apple’s top executives get impressive stock options
5. November 2011
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First it was Tim Cook and now it’s the rest of Apple’s upper management that are on the receiving end of generous bonuses. A recent Apple filing with the SEC indicates that the company handed out 150,000 shares to each of its top executives, save for Eddy Cue who received 100,000 shares. Those receiving 150,000 […]
Continue reading...Tim Cook says Apple isn’t religious about “holding or not holding cash”
20. October 2011
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Apple’s cash on hand now checks in at $81 billion dollars. That’s insanely high and will only further encourage shareholders to clamor for either a dividend of a stock buyback. Apple of course is pretty conservative with its cash holdings. It doesn’t go out and buy companies half-heartedly and hasn’t issued a dividend in quite […]
Continue reading...Apple’s releases Q4 2011 earnings – $28.27 billion in revenue on record iPad and Mac sales
18. October 2011
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Wall St. analysts would be well-advised to take their Apple earnings estimates and just tack on a little bit extra. Without fail, Apple over the past few years has demolished Wall St. expectations and this quarter was just as impressive though Apple did fail for the first time in a long time to meet Wall […]
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14. March 2012
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