What investors want to know is whether its stock will ever pop
Source: Jeff Fosberg, AFB
The investors who follow the ups and downs of Apple's (AAPL) share price on The Mac Observer's Apple Finance Board often look with a mixture of envy and dismay at the price-to-earnings ratios of Amazon (81) and Netflix (76). Apple, by comparison, seems downright cheap with a trailing P/E of 15.57.
Yet Amazon (AMZN) and Netflix MORE
Philip Elmer-DeWitt - Jun 13, 2011 10:44 AM ET
Fortune's curated selection of the weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day.
"Legacy is a stupid thing! I don't want a legacy. ... I like what I'm doing now to my old job. I worked with a lot of smart people; some things went well, some didn't go so well. But when you see how what we did ended MORE
JP Mangalindan, Writer-Reporter - Jun 13, 2011 10:27 AM ET
Perhaps not surprisingly, because they were all at an Apple conference, 100% prefer iOS
Click to enlarge. Source: Piper Jaffray
Piper Jaffray's Gene Munster attended Apple's (AAPL) Worldwide Developers Conference last week and spent some time buttonholing attendees for a follow-up survey he was conducting.
He published the results Monday in a note to clients that compared the responses of the 45 developers he spoke to last week to 20 he surveyed MORE
Philip Elmer-DeWitt - Jun 13, 2011 7:07 AM ET
Steve Jobs may not care about his company's stock price, but someone in Cupertino does
Forstall with fantasy stock price. Click to enlarge.
Here's a piece of Apple (AAPL) keynote trivia spotted by a keen-eyed member of Investor Village's AAPL Sanity board who calls himself the silver_Fox.
At the 45:11 mark in Monday's Worldwide Developer Conference keynote presentation, in the middle of Scott Forstall's canned demo of iOS 5's new notification feature, MORE
Philip Elmer-DeWitt - Jun 12, 2011 10:52 AM ET
Average post WWDC loss: 5.4%. Average gain from the previous year: 56.8%
There was the usual gnashing of teeth on the Apple (AAPL) investor boards when the company's share price dropped $6.18 ($1.8%) Monday, the day of Steve Jobs' iCloud keynote.
Adding insult to injury, the stock continued to fall three out of the next four days. It closed Friday at $325.90, its lowest price since Dec. 2010, down 5.7% for the MORE
Philip Elmer-DeWitt - Jun 11, 2011 12:40 PM ET
A firm with the same name has filed an infringement suit in an Arizona federal court
Source: iCloud Communcations
Given what a stickler Apple (AAPL) is about protecting its trademarks (viz. its battle with Amazon over the phrase "app store") you might think its lawyers would have done a thorough search on the term "iCloud" before Steve Jobs started waving it around like a banner for the post-PC future.
If they did, MORE
Philip Elmer-DeWitt - Jun 10, 2011 4:20 PM ET
Verizon's chief cloud strategist discusses where the communication giant's cloud business stands today and where it's headed.
FORTUNE -- Verizon Communications is best known for operating cell phone networks and fiber-optics-based TV and Internet offerings. But over the last couple of years, the company has made a big push in cloud computing services, which it says is key to future growth. That's why, last January, the New York-based carrier shelled out $1.4 MORE
Michal Lev-Ram, writer - Jun 10, 2011 12:26 PM ET
An analyst offers three reasons Apple relaxed its rules for App Store subscriptions
Scott Forestall demoing iOS 5's Newsstand. Source: Apple Inc.
RBC's Mike Abramsky was the first analyst out of the gate Friday to comment on Apple's (AAPL) decision to make it easier for publishers and other content partners to offer in-app subscriptions.
In a note to clients, Abramsky lists three reasons he thinks Steve Jobs blinked:
Apple realized it had gone MORE
Philip Elmer-DeWitt - Jun 10, 2011 11:22 AM ET
How to wrap your mind around Apple's vision of the post-PC world
Image: Apple Inc.
Four days after Steve Jobs' keynote address at Apple's (AAPL) Worldwide Developers Conference, commentators were still searching for ways to convey what it signified -- often by comparing Apple's approach to Google's (GOOG) or Microsoft's (MSFT) or Amazon's (AMZN).
Below, we've posted excerpts from the best analysis we've seen or heard this week. If you come across MORE
Philip Elmer-DeWitt - Jun 10, 2011 10:45 AM ET
Fortune's curated selection of the day's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you every day.
* Google scooped up ad optimization platform AdMeld for some $400 million according to TechCrunch. The four-year-old company had just recently raised $30 million in venture capital from the Foundry Group, Spark Capital, and Norwest Venture Partners. (TechCrunch)
* Has texting peaked? That's what a recent story in The Wall Street Journal suggests, with a MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.82% |
| Ford Motor Co | 12.28 | -0.46 | -3.60% |
| Frontier Communicati... | 4.24 | -0.23 | -5.26% |
| Juniper Networks Inc... | 21.57 | -0.80 | -3.58% |
| Cisco Systems Inc | 19.58 | -0.25 | -1.26% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,666.89 | -67.74 | -0.53% |
| Nasdaq | 2,813.64 | 8.36 | 0.30% |
| S&P 500 | 1,315.93 | -2.50 | -0.19% |
| Treasuries | 1.92 | -0.01 | -0.73% |
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