Tag Archive | "Finance"
Apple denies report of Steve Jobs heart attack as stock plummets 10 points
A story on CNN’s iReport website claimed that Apple CEO was rushed to the hospital following a massive heart attack. As news of the story broke, Apple’s shares plumeted 10 points. The stock returned to normal levels once Apple categorically denied the story. CNN’s iReport is a forum for ordinary citizens to report the news, […]
Continue reading...Apple threatens to shut down iTunes
Thursday, October 2, 2008
Apple has said that it won’t run the iTunes store at a financial loss, but if a ruling today by The Copyright Royalty Board in Washtington, D.C increases the royalty rates paid to artists on downloaded songs, then that might be the situation Apple finds itself in. CNN has the scoop here.
Continue reading...Apple Stock ROCKED
Monday, September 29, 2008
Apple’s stock price took an un-precedented tumble this afternoon after a number of investment firms downgraded the stock due to gloomy economic conditions. The stock, which hit an intraday low of $100, was downgraded by Morgan Stanely and RBC Capital. Morgan Stanley analyst Kathryn Huberty lowered her price target of Apple to $115, citing weakening […]
Continue reading...Apple Stock gets undeserved thrashing
Tuesday, September 23, 2008
Apple is currently trading at $128, leaving many who watch the stock scratching their heads in disbelief. Despite the economic downturn, Apple sales have remained surprisingly robust, and with the price of Apple so low, analysts are chiming in that this is a great opportunity to invest. David Zeiler of the Baltimore Sun has an […]
Continue reading...Why Apple Stores are so successful
Tuesday, September 23, 2008
Macworld has an interesting article explaining why Apple’s foray into the retail business has been so successful. Notably, the article mentions that there is no record of any Apple Store closing due to lackluster sales.
Continue reading...Apple’s September quarter to be better than anticipated
Monday, September 22, 2008
AppleInsider has the scoop in Piper Jaffray raising esitmates for Apple’s Septemeber quarter.
Continue reading...iPhone developer makes $250,000 in two months
Friday, September 19, 2008
Wired has the scoop on Steve Demeter, an iPhone developer who made $250,000 in just 2 months with his iPhone game Trism. Priced at only 5 bucks, and with Apple taking 30% of sales, that means that over 70,000 copies of the game have been downloaded. Despite all of the controversy surrounding the app store […]
Continue reading...Steve Jobs Health – Evidence of Stock Manipulation?
Wednesday, September 17, 2008
A little more than a month ago , the New York Post ran an article about the health of Steve Jobs just as Apple was set to announce its Q3 earnings. As a direct result, the issue came up during Apple's conference call and Apple's stock subsequently fell over 10% (compounded in part by low Q4 guidance from Apple). Over the past few weeks, there has been a lot of
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Friday, October 3, 2008
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