Apple Corporate

Cook promises 'amazing' Apple products in the fall

Apple CEO Tim Cook said Tuesday that the company will announce some new products this fall but wouldn't offer any specifics.

"Our teams are hard at work on some amazing new hardware, software and services that we can't wait to introduce this fall and throughout 2014," he said during the company's earnings call Tuesday afternoon. But apparently, he can wait.

When asked by an analyst if this meant Apple won't release any other new products until fall, Cook wouldn't dish.

"I don't want to be more specific, but I'm just … Read more

Apple admits to middle age truth: It's finally slowing down

By any measure, Apple's supercharged 2012 is making this year pretty tough. So much so that CEO Tim Cook in effect cautioned Wall Street analysts against making comparisons.

"Fiscal 2012 results were incredibly strong, and that's making it difficult," Cook said on Apple's second-quarter earnings conference call, rattling off all that made last year so good: high growth, high demand, fatter gross margins, and historically low costs for components.

And yet that's what investors do: They make comparisons to prior years and make a bet on the stock based on what the future looks … Read more

Apple's Q2: By the numbers

Wall Street will have to make up its mind about Apple's downbeat forecast for the next quarter. But the company came in ahead of estimates during its first second quarter. Here's how Apple fared in the quarter compared:<>uct:

iPhones: 37.4 million iPhones compared to 35.1 million year-over-year iPads: 19.5 million compared to 11.8 million year-over-year Macs: 3.95 million, compared to 4 million year-over-year iPods: 5.7 million compared to 7.7 million year-over-year iTunes revenue up 28% App Store now in 155 countries and 350,000 apps 91 million visitors … Read more

Apple profit slips 18%, but iPhone, iPad sales stay strong

Apple surprised Wall Street today with stronger than expected earnings in its second quarter, though the company came up short in its estimates for the next one.

Apple reported earnings of $9.5 billion on $43.6 billion in sales. That was right on target with the $9.5 billion in profit and just barely above the $42.3 billion in sales that Wall Street expected. It was also above Apple's own expectations, which were between $9.23 and $10.23 per share on sales of $41 billion to $43 billion.

By comparison, Apple tallied up a higher $11.… Read more

Apple boosts stock buyback, ups dividend 15 percent

Apple boosted its stock buyback and approved a 15 percent increase in its quarterly dividend.

With some $145 billion now in Apple's coffers, investors have clamored for management to return more cash to shareholders. Now the company is responding -- big time. Apple said Tuesday afternoon that it intends to use "a total of $100 billion of cash under the expanded program."

As part of the program, Apple increased its share repurchase authorization to $60 billion, up from $10 billion announced last year. The company said it was the largest single share-repurchase authorization in Apple's history. … Read more

Analysts highlight bright spots ahead of Apple's Q2 report

Apple's fiscal second-quarter results aren't expected to be particularly cheerful, but some analysts are still finding reasons to be bullish.

The Cupertino, Calif., company will report its January-March quarter results on Tuesday, and no one is expecting a blowout. The company could make history with its biggest second-quarter sales yet, but it's also expected to post its first decline in profit in a decade.

Despite worries about Apple's recent performance, BGC boosted its rating on Apple's stock to "buy" from "hold," saying investors should take advantage of the recent weakness to … Read more

Apple earnings could bring profit setback, despite record sales

Apple could make history tomorrow with its biggest second-quarter sales yet, though it's also expected to log its first decline in profit in 10 years.

That's what analysts anticipate in Tuesday's second-quarter earnings report, which will spell out the company's performance through the end of March.

Wall Street is expecting Apple to post earnings of $10.12 per share on sales of $42.6 billion, based on a poll of 48 analysts from Thomson First Call. That's down from earnings of $12.30 per share, and up from the $39.2 billion in sales from … Read more

Citi goes sour on Apple, claims iPhone 5S, iPhone 6 delay

The expected iPhone 5S will see an extended delay in delivery, while iPad Mini demand is softening, according to a research note from Citigroup Capital Markets. The note also claimed a Retina MacBook Air is coming.

"We have previously written that iPhone5S, despite an accelerated design phase, was modestly delayed from June to July," wrote Citi's Glen Yeung in a research note Sunday. "With input from Citi's Taiwan-based technology research team...we now believe that a further 1- to 2-month delay (from July to August or September) is possible, likely stemming from volume production issues.&… Read more

AMD nabs Apple graphics chip designer

Advanced Micro Devices will soon announce it has hired a former Apple graphics chip designer to bolster its engineering leadership bench as it turns itself around, CNET has learned.

Raja Koduri, who most recently served as director of graphics architecture for Apple, will be rejoining AMD four years after leaving that company, people familiar with the hire told CNET. He will be taking on a role in AMD's graphics business, though it wasn't immediately clear to CNET what his title would be. AMD is expected to make the announcement next week.

The move is the latest in a … Read more