His net worth shot up to $5.4 billion Wednesday, only partly thanks to Apple
Image: Fortune
In September, Steve Jobs' $5.1 billion earned him the No. 43 spot on Forbes' list of the 400 richest Americans. Since then, Apple's shares have rocketed to a new all-time high, closing Wednesday at $204.92.
So Jobs was a lot richer Wednesday than he was in September -- $300 million richer, at least on paper -- MORE
Philip Elmer-DeWitt - Oct 21, 2009 6:33 AM ET
If you're the type of early Christmas shopper who bought a Kindle last week, I hope you kept the receipt. On October 20, Barnes & Noble (BKS) ceo Steve Riggio took the stage before hundreds of authors, agents, publishers and pundits to debut its electronic reader, the Nook.
The Nook will sell for just $259, a steep discount from competitors like the Sony (SNE) Reader and the iRex DR800SG , which both retail for $399. The price suggests Barnes & Noble is going straight for Amazon (AMZN), which recently lowered the Kindle's price to $259.
Jessi Hempel, writer - Oct 20, 2009 8:05 PM ET
Photo: Apple Inc.
Apple's (AAPL) surprise announcement Tuesday of four new or updated product lines -- iMac, MacBook, Mac mini and a touch-sensitive "Magic Mouse" -- does at least three things:
Builds on the momentum created by the blowout earnings announced Monday
Gives customers a reason to reconsider Apple's desktop machines
Keeps the press from writing about Microsoft's (MSFT) Windows 7 -- set for release Thursday -- for at least another day.
The second MORE
Philip Elmer-DeWitt - Oct 20, 2009 2:39 PM ET
(AAPL) (MSFT)
Jon Fortt - Oct 20, 2009 12:27 PM ET
The rumors of a flurry of new machines were true
Photo: Apple Inc.
UPDATE: Apple's online store came back online shortly before 1 p.m. Eastern with new iMacs, a new MacBook, a new Mac mini and a new "Magic" Mouse (the Mighty Mouse having run into trademark problems). The products are displayed on the reconfigured website and described in a series of press releases:
The new iMacs
The new MacBook
The new Magic Mouse
Apple's MORE
Philip Elmer-DeWitt - Oct 20, 2009 10:21 AM ET
Everybody failed to predict Cupertino's blowout quarter, but some failed worse than others
Smackdown: See full spreadsheet below
"Well, that was quite embarrassing!" writes "deagol," a widely read amateur analyst whose estimate of Apple's (AAPL) fourth quarter earnings fell 16% short of the record profits the company reported Monday.
The irony is that deagol, who filed a long post-mortem mea culpa on his website Monday night, had less to be embarrassed about MORE
Philip Elmer-DeWitt - Oct 20, 2009 8:30 AM ET
So much for expectations. Apple (AAPL) blew past them all -- its own and those of a crowd of increasingly bullish analysts -- by reporting its most profitable quarter ever, earning $1.82 a share on revenue of $9.87 billion for the fourth fiscal quarter of 2009.
The Street was expecting quarterly earnings of $1.42 on revenue of $9.2 billion, according to Thomson Financial.
Apple's shares exploded in after-hours trading. Having closed at MORE
Philip Elmer-DeWitt - Oct 19, 2009 4:58 PM ET
Photo: Apple Inc.
Several analysts waited until Monday morning -- the same day Apple (AAPL) is scheduled to release its quarterly earnings report -- to send clients their estimates of the company's unit sales (see here). But Piper Jaffray's Gene Munster waited longest of all.
Munster released a note at 1:54 p.m. Eastern -- about two and a half hours before Apple's results are due to hit the wires -- with MORE
Philip Elmer-DeWitt - Oct 19, 2009 2:43 PM ET
Photo: Electronic Arts
On Monday, nearly two weeks after Electronic Arts (ERTS) confirmed its imminent arrival, the iPhone version of Rock Band -- one of the most successful video game franchises of recent years -- showed up on Apple's (AAPL) iTunes App Store to mixed reviews. (App Store link here.)
The lion's share of the first 40 messages on the App Store were one-line positives: "Amazing." "Awesome!" "Saaaaweeeeeett!"
But the longer, more MORE
Philip Elmer-DeWitt - Oct 19, 2009 11:47 AM ET
What's Wall Street expecting this quarter? The 22 analysts we polled are all over the lot
Merck, McDonalds, Microsoft, Boeing, Coca Cola, Dupont and AT&T are among the bellwether companies reporting earnings next week, but when the markets close on Monday, all eyes will be on Apple (AAPL).
Wall Street blows hot and cold on Cupertino. Apple shares have been on fire for most of the year, and after see-sawing for much MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.29 | -0.01 | -0.14% |
| Ford Motor Co | 12.21 | -0.53 | -4.16% |
| Frontier Communicati... | 4.31 | -0.16 | -3.58% |
| Microsoft Corp | 29.23 | -0.27 | -0.92% |
| Juniper Networks Inc... | 21.69 | -0.68 | -3.04% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,660.46 | -74.17 | -0.58% |
| Nasdaq | 2,816.55 | 11.27 | 0.40% |
| S&P 500 | 1,316.33 | -2.10 | -0.16% |
| Treasuries | 1.90 | -0.03 | -1.71% |
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