Shares, which have already been under pressure in recent weeks, slid about 10 percent in late trading after the Cupertino, Calif., electronics giants failed to post quarterly results that were as strong as hoped. Shares initially slid about 5 percent after the report, but losses accelerated during Apple's conference call.
Revenue for the first-quarter ended in January was weaker than analysts expected, as were the company's projections for second-quarter sales. And iPhone sales, while a record, also weren't quite … Read more
Google's shares are on the rise following a strong earnings report yesterday.
In early trading, Google's shares jumped more than 5 percent to $740.37. The company's stock price closed the day at $702.87 yesterday.
Google's share jump is due in part to Google's strong fourth quarter. The company beat analyst expectations during the period and posted a $2.9 billion profit on $14.4 billion in revenue. That performance helped Google post its first $50 billion revenue year.
It didn't take long for a slew of analysts to chime in on Google'… Read more
Al Gore has just purchased a big chunk of Apple stock by exercising his Apple stock options.
A filing with the Securities and Exchange Commission shows that Gore exercised options on January 15 to buy 59,000 Apple shares at the price of $7.475 a share.
That means Gore paid around $441,000 for his load of Apple stock. With the shares trading just under $500 this morning, Gore's investment is now worth around $29.5 million.
Of course, Apple stock has been falling recently, although that could turn around next week if the company releases good results … Read more
Apple investors can't seem to shake their concern over the company's future.
Shares in the iPhone maker ended the day at $485.92, down just over 3 percent for the day after having closed yesterday at $501.75. In trading today, Apple's stock never rose above the $500 mark.
On Sunday, The Wall Street Journal cited sources who said that Apple had cut component orders for its iPhone 5 due to slumping demand for the handset. That bad news pushed Apple's shares lower yesterday as investors became concerned with the company's ability to compete as … Read more
Shares of Apple stayed down today following a drop that sent the stock down below $500 for the first time since February.
The stock ended the day at $501.75, down $18.55 or 3.57 percent.
The cause for the initial drop came from a pair of stories yesterday -- one from Japan's Nikkei and another later in the day from The Wall Street Journal -- claiming Apple cut its component orders for the iPhone by nearly half last month. The suggestion from both was that demand for Apple's iPhone 5 had declined, causing Apple to slow … Read more
Apple's stock today dallied with the $500 mark, and not in a good way.
Shares of the iPad and Mac maker closed the day at $501.75, down more than 3 percent, after spending much of the day floating in the $503 range. In the waning moments of the trading day, Apple shares had trended downward as low as $500.07 before rallying in the final five minutes.
As trading on the Nasdaq got under way this morning, Apple did very briefly hit $498.51 a few minutes after the opening. The share price had been slipping notably in … Read more
Apple's prospects are dimming! Wait, the company is poised for a comeback! It all depends on which analyst you choose to listen to these days.
In an investors note released yesterday, Citi analyst Glen Yeung lowered his rating on Apple stock to Neutral from Buy. Citi initiated coverage of Apple last month, issuing a Buy rating based on an expected recovery from the stock's then "near-term trough."
But with the share price now below $500, Yeung now sees the "likelihood of any near-term rally as diminished." Though he expects the stock to eventually rebound, … Read more
Some users may have noticed that on Black Friday, Walmart was ever-present in Facebook's mobile news feed. That's because the massive retailer was trying out an experiment -- it took out 50 million ads on the social network in an effort to drive users to its Web site for holiday deals.
This experiment was Facebook's biggest mobile advertising campaign ever, and it's looking like there will be more to come, according to the Wall Street Journal. The social network is apparently thinking about letting other companies partake in similar experiments.
Walmart's collaboration with Facebook was … Read more
The shakeup that landed Facebook on Nasdaq's top 100 list is also leading to the departure of other prominent tech players.
Facebook was added last week to the Nasdaq 100, the collection of the largest 100 nonfinancial companies trading on the stock exchange. Facebook's addition to the index came with the departure of IT consulting company Infosys, which is moving over to the New York Stock Exchange.
However, Infosys is not the only tech company leaving the index. A handful of other prominent tech players, including Netflix and beleaguered handset maker Research In Motion will be dropped from … Read more