Having fallen nearly 13% since April 10, the stock popped 7.44% on the news
FORTUNE -- After losing more than $70 billion in market value in two weeks, Apple (AAPL) capped one of the strangest earnings walkups in memory by handily beating all but the most optimistic estimates, reporting record March quarter earnings of $12.30 per share on sales of $39.2 billion.
Shares reversed course as soon as the news broke, climbing more MORE
Philip Elmer-DeWitt - Apr 24, 2012 5:04 PM ET
Barnes & Noble is adding a brilliant light to its e-reader. Does it work? And, is it enough to goose sales?
FORTUNE -- Although black-and-white e-readers are generally lighter, cheaper, and snappier than they used to be, they still don't excel in low light. That's an area where tablets and their brightly lit color screens have a clear advantage. With its new $139 Nook, arriving this week, Barnes and Noble (BKS) MORE
JP Mangalindan, Writer - Apr 24, 2012 11:11 AM ET
Wall Street expects record results. The independent analysts are calling for a blowout
FORTUNE -- Savvy Apple (AAPL) investors know that the company's share price often gets dragged down in advance of its quarterly earnings reports -- only to spring back even higher when Apple delivers its usual earnings surprises. (See Cocking the Apple slingshot.)
But the stock's collapse over the past two weeks has even veteran traders scratching their heads. It MORE
Philip Elmer-DeWitt - Apr 21, 2012 11:50 AM ET
Estimates range from 4.3 to 4.85 million. The best analysts' consensus: 4.64 million
FORTUNE -- Compared with Apple's (AAPL) iOS devices -- the iPhone and the iPad -- the Mac is a turtle. Slow and steady has characterized its growth rate since the launch of the iPhone -- an average of 26% year over year for the past five years.
This time, with no new Mac introductions to boost sales in the MORE
Philip Elmer-DeWitt - Apr 20, 2012 6:30 AM ET
The estimates range from 9 to 15.6 million. The best analysts' consensus: 11 million
FORTUNE -- Anybody who tells you they know how many iPads Apple (AAPL) sold in the quarter that ended March 31 is either lying or privy to inside information.
This increasingly important data point -- the iPad accounted for 20% of Apple's revenue in Q1, second only to the iPhone (53%) -- is devilishly hard to predict, especially MORE
Philip Elmer-DeWitt - Apr 19, 2012 5:00 AM ET
After four years of speculation there's still not a shred of hard evidence
A lot of analysts talk about Apple's (AAPL) plans to make a television -- an actual TV set, not just a set-top box -- but last week, Jefferies' Peter Misek did something most have been careful not to do.
Citing "increased confidence" that Apple's iTV is coming, he wrote into his published forecasts the revenue from its sales: 2 million MORE
Philip Elmer-DeWitt - Apr 17, 2012 4:30 PM ET
A new app makes it easy (and fun!) to compare download speeds, but can it be trusted?
According to the snapshot at right, AT&T's (T) cellular service in Park Slope Brooklyn is nearly 5 times faster than Verizon's (VZ) and more than 7 times faster than Sprint's (S).
At least that's the reading I get on my iPhone from my favorite armchair on a new app called CarrierCompare from SwayMarkets.
On my iPad running MORE
Philip Elmer-DeWitt - Apr 15, 2012 8:34 AM ET
Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* It's confirmed: As part of a $926 million restructuring effort, Sony (SNE) will lay off 10,000 employees by the end of March 2013. The struggling Japanese electronics giant also explained its plans to focus on core businesses like gaming, digital imaging, and mobile, as well as hopes of turning around MORE
JP Mangalindan, Writer - Apr 12, 2012 11:00 AM ET
Radio reporter Rob Schmitz took a microphone AND a camera to the assembly line
It's not as slick as ABC's, and you don't get to see the reporter riding in a van, donning a bunny suit, or chatting up the workers. But Rob Schmitz' simple, hand-held video tour of Foxconn's Shenzhen iPad factory -- posted Wednesday on American Public Media's Marketplace website -- gives you a better feel for what goes MORE
Philip Elmer-DeWitt - Apr 12, 2012 6:13 AM ET
Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* Yahoo (YHOO) is indeed restructuring into three distinct areas: Consumer, Regions, and Technology. (All Things D)
* In light of Instagram's $1 billion buyout by Facebook, a look at 30 of the most notable tech acquisitions from the last decade. (Wired)
* Amazon (AMZN) finally rolled out its in-app purchasing service, which MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.17 | 0.19 | 2.72% |
| Ford Motor Co | 10.41 | 0.22 | 2.16% |
| Microsoft Corp | 29.11 | -0.65 | -2.18% |
| General Electric Co | 19.18 | 0.00 | 0.00% |
| JPMorgan Chase and C... | 34.26 | 0.25 | 0.74% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,496.15 | -6.66 | -0.05% |
| Nasdaq | 2,850.12 | 11.04 | 0.39% |
| S&P 500 | 1,318.86 | 2.23 | 0.17% |
| Treasuries | 1.76 | 0.04 | 2.56% |