Apple, not known for big acquisitions, is looking at buying a 55% stake in Japanese chip maker Renesas for $482 million. The company happens to be the world's largest producer - and top expert - in one area of technology of crucial importance to Apple.
Hint: It has to do with the iPhone...
Apple TV will indeed make a splash this year, but all this business with Comcast is a red herring. In fact, there are two big changes Apple can make to its $99 set-top box that will go a long way toward turning it from a "hobby" to a
Apple has quietly been putting together a strategy that will allow it to gain the upper hand in a wearable tech market expected to explode over the next few years. That strategy revolves around the one thing that will
drive the most people to buy and use wearable tech devices...
This doesn't happen very often.
Carl Icahn has been foiled in one of his activist investing ploys, and by none other than Apple Inc. (Nasdaq: AAPL).
Icahn's bid for an Apple stock buyback worth $50 billion ran aground today (Monday) when an influential proxy voting service, Institutional Shareholder Services Inc. (ISS), sided with Apple.
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Tech stocks like Google Inc. (Nasdaq: GOOG), Amazon.com Inc. (Nasdaq: AMZN), Netflix Inc. (Nasdaq: NFLX), and Apple Inc. (Nasdaq: AAPL) are "where the action is" in tech. They make the most money and create the most innovative products and services.
These tech stocks also serve as good benchmarks for how the whole industry is performing.
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Apple Inc. (Nasdaq: AAPL) stock is currently trading just over $559 - and Money Morning's Defense & Tech Specialist Michael A. Robinson thinks it will climb 79% in the next two years.
Robinson sees AAPL hitting $1,000. A major reason for this bullish forecast: China.
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After months of tantalizing rumors that Apple and China Mobile Ltd. (NYSE ADR: CHL) were on the brink of an agreement to allow China's largest carrier to sell the iPhone, the companies finally confirmed the deal yesterday (Sunday).
It's a big new market for Apple's primary profit machine, so it should give Apple (Nasdaq: AAPL) stock a huge boost - right?
Well...sort of. But don't put in that order for a new yacht just yet...
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The numbers are in, and the amount of money fueling 2013's biggest companies is staggering...
The 10 biggest companies in the U.S. today earned a combined annual revenue of more than $2.2 trillion in fiscal 2012. That's $1.35 trillion more than the country's credit card debt, and $1.17 trillion more than total student debt.
These moneymakers have been ranked based on total revenue by Fortune. All of them are incorporated in, operated in, and filing taxes in the U.S.
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We all have our reasons for following Apple. I track it because this tech behemoth is a massive global consumer of metals - base, rare earth, and precious.
And right now, Apple is giving us some surprising indications that the demand for silver is much higher than its current price would have us believe.
Many people on Wall Street wrote off Apple (Nasdaq: AAPL) stock after it plunged from its high of over $700 in September 2012 to below $400 by April 2013.
But not Money Morning Capital Wave Strategist Shah Gilani.
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The markets weren’t quite sure what to make of Apple’s murky earnings report, as its shares lost, then gained, and then lost again after the release. But Shah Gilani couldn’t be happier with its overall performance. Even the “Reluctant Bull” had trouble hiding his enthusiasm for the stock.
Here's why he thinks Apple is going gangbusters...
In the middle of earnings season, Apple (Nasdaq: AAPL) is claiming center stage as it readies to release its fourth-quarter results after the closing bell today (Monday).
Apple stock is up 0.5% at $528.34 today, having risen nearly 25% since its last earnings report, and today's results will include the initial impact of the company's latest iPhone and iPad release. AAPL is trading in a 52-week range of $3.85 to $614.00 and at about 13 times forward earnings.
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Stock Market News Today, Oct. 28: Stocks are weighed in morning trade, reversing out of earlier gains as investors are hit with a disappointing report on pending home sales despite a more positive report on industrial production.
Pending home sales slid 5.6% in September to the lowest level in nine months, likely weighed by higher housing prices and higher interest rates.
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p>Legendary hedge fund manager Carl Icahn is ramping up the pressure on Apple Inc. (Nasdaq: AAPL) to greatly accelerate its share buyback efforts.
Icahn has been pushing Apple CEO Tim Cook to buy back more shares with its giant $147 billion pile of cash since mid-summer. Last month, Icahn had dinner with Cook to make his case personally.
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Carl Icahn pioneered the strategies commonly used by what we now call "activist shareholders." While he's unloved by CEOs everywhere, savvy investors who keep a close watch on Icahn can themselves profit from his moves. We tell you how.
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