Category: Apple Inc.

Apple Inc. (AAPL) is one of five companies being named in a lawsuit, claiming they violated antitrust laws by colluding to not recruit employees from the other companies also named in the suit. US district court judge Lucy Koh, declared that the lawsuit can go forward without prejudice.  The San Jose California based court judge decided that even if the case was dismissed the plaintiffs could actually we file a new complaint in reference to the current one. The lawsuit…

Apple Inc (AAPL) has been trading between 458 and 459 USD per share in the early morning pre-market trading.  At 7:03am EST, the share was at $458.74 or up 2.26 from the close, making yesterdays close of $456.48 USD a share just a mere footnote now as the stock continues its climb towards the $500 a share mark.  While there are several minor news items this morning, so far there is nothing to slow down the speed of the climb…

Apple Inc (AAPL) is trading at record levels this morning with the stock reaching the 455.45 USD a share price level at 8:32am.  Regular trading will begin soon and then the real test of the current market will begin.  If yesterday is any sample of what is to come today, then we could see  record highs throughout the day.   News items driving this is the news that Samsung lost another major battle yesterday in German courts with regard to the…

Apple stock shed the downward trend it set in early morning trading yesterday and jumped $5.73 in regular trading closing at $453.01.   This close was up $5.73 from Friday’s close.  The stock jumped even further in after hours trading closing the late session up another 0.84 to end the day at $453.85 USD per share.  Rumors running through many news desks on the day were that the stock would push quickly tot he $500 USD per share mark, however, after…

Apple has hired John Browett, former CEO of Dixons Retail to be the new Senior VP in charge of Apple Stores world wide. Press Release From Apple: CUPERTINO, California—January 30, 2012—Apple® today announced that John Browett will join the company as senior vice president of Retail, reporting to Apple CEO Tim Cook. Browett comes to Apple from European technology retailer Dixons Retail, where he has been CEO since 2007. Beginning in April, he will be responsible for Apple’s retail strategy…

Apple is starting this week where it ended last week on a downward spiral.   While the record highs hit last week are still freah in people’s minds, the $445.70 USD per share at 8:17 AM EST is off by 1.58 or 0.35% per share.  News over the weekend included news of the lawsuit against Apple and other tech giants for colluding to prevent employees from jumping from one company to another,  While these claims have not been substantiated, they are…

AT&T announced that they are upgrading their data plans for smartphone and tablet customers.  The new plans for Smartphones are as follows: AT&T Data Plus 300MB: $20 for 300MB AT&T Data Pro 3GB: $30 for 3GB AT&T Data Pro 5GB: $50 for 5GB, with mobile hotspot / tethering For Tablet users, the available plans are: Keep their existing plan of 250mb for $14.99 a month AT&T DataConnect 3GB: $30 for 3GB AT&T DataConnect 5GB: $50 for 5GB While these are…

Apple Inc (AAPL) closed up slightly on Friday, regaining $3.01 by the end of After Hours trading on Friday to close at $447.64 USD a share.   The stock had been trading in the $444 USD a share level after reading a high above $454 USD a share post Q1 2012 profit announcement.     Thus far, this year, return on Apple Inc. stock shares are up over 30 percent making it one of the best performers on the market.

Apple Inc. (AAPL) stock is off by $1.11 at $443.52 as of 9:01 AM EST, dropping nearly a dollar in the last hour of morning trading.  While some of the morning trading has some push back, it would appear that there is some profit taking going on after the stocks $30.00 rise this past week. Analysts have projected a big rise in the stock over the coming months but so far, there is so much negative news after the record…

An article posted in TechBuggalo is suggesting that Apple is working on a new television based on Organic Light Emitting Diode (OLED) technology.  The TV would be controlled by an enhanced version of Apple’s Siri voice control as well as iOS based apps on the TV.  Supposedly it will be released sometime in APril or May according to the report Source: Tech Buffalo

Apple Inc (AAPL)  took a small dip after a fairly rambunctious morning trading session.  With no clear definition in the market prior to 10am, trading stayed in the $447 USD a share range.  However, with the start of MacWorld today and no Apple presence, the stock began to take s slow downward spiral until stabilizing in the $444 USD range.   The stock closed the days regular trading at $444.63 USD a share and is now up clightly in the After…

Yesterday, Tim Cook held a town hall meeting with employees of Apple Inc.   While there were several items discussed, perhaps the biggest surprise was the new employee discounts that Apple employees will get.   Each employee will get $500 off Mac Purchases and $250 off iPad purchases, once every three years.  The discounts will begin in June 2012 and it is only available to employees who have been with the company for more than 90 days.  It is also not applicable…

Motorola files a lawsuit against Apple claiming infringement of 6 patents.  The lawsuit came with the full permission of Google who has been going after Apple in a proxy war to claim more of the pot of gold.   The lawsuit filed today asks the courts for an injunction against the iPhone 4S and Apple’s iCloud service saying that they are infringing upon the following patents: U.S. Patent No. 5,710,987 on a “receiver having concealed external antenna” U.S. Patent No. 5,754,119…

Apple, Inc. (AAPL) soared to more than 455 USD yesterday, however today, it is trading down ad 446.50 as of 5:14pm EST.  Apple’s stock price shot up more than 30 dollars a share immediately after first quarter profits for 2012 were announced on the 24th. The stock traded mostly flat on the day as several analysts projected that Apple stock will go through the $650 mark specified by  Rob Cihra of Evercore Partners.  Analyst comment from Wedbush Securities gave the…

The book that has created the most buzz lately is Inside Apple by Adam Lashinsky.  The book delves into the inner workings of Apple, Inc. and how they manage to maintain their competitive edge with their shroud of secrecy.  Talked about over the past several weeks by many in the media, the long awaited book is now available in the iTunes Store To Download the book in iTunes, go to: http://itunes.apple.com/us/book/inside-apple/id444015286?mt=11

Apple, Inc. (AAPL) is continuing the trend set yesterday evening, with the stock at 453.00 at 7:17AM EST in pre-market trading or up 32.59 USD (7.75 percent) from yesterdays close.  The record profits announced by Apple yesterday has been driving the climb and in spite of some issues in the supply chain, this upward trend is not likely to change for a while, or at least until the rest of the market digests the numbers.   The tech sector as a…

A great graphic on Gizmodo last evening shows the amount of cash Apple has on hand when stacked would soar to an altitude of 6,583 miles above the earth.  That distance represents a distance more than 32 times that which the International Space Station orbits at. Source: Gizmodo

Apple’s Conference Call with the media yesterday is now available online.  The Phone Conference to announce the quarterly profits was held at 5pm EST 24 January and announced Apple’s record breaking quarter.  To listen to the entire audio of the event, go to the quicktime page at: http://www.apple.com/quicktime/qtv/earningsq112/

Apple had a slam dunk, in your face type of quarter in quarter 1, 2012.  It’s profits were beyond that of any belief.   The stock price jumped to over 455 USD a share at one point after profits were announced.  The number of iPhone 4S’s sold were more than 4 million units beyond that of even the most optimistic analyst.  It was a huge success, but there are cracks in the mirror. Supply is an issue for the iPhones, hard…

iBooks Author, the app which allows educators to produce their own textbooks, has pushed over 600,000 downloads in 5 days.  It was previously thought that this number was under 90,000, however Apple announce in this morning’s conference call that this plus a total of 3 million iTunes U downloads is pushing the education initiative along mightily. The fact that iBooks Author only runs on Mac OS X Lion should also drive future Mac OS X sales or even machine sales…