Senior executives and board members made big year-end gifts to charity
Forms filed with the Securities and Exchange Commission Tuesday show two senior Apple (AAPL) executives and two board members taking advantage of the stock's record-high prices to donate nearly 10,000 shares between Dec. 10 and Dec. 17.
The single largest donation was made by board member Millard Drexler, current CEO of J. Crew (JCG) and former chairman of The Gap (GPS). MOREPhilip Elmer-DeWitt - Dec 29, 2010 12:47 PM ET
iPhone sales climb 131% year over year. Shares rocket over 17 points in after-hours trading
Apple (AAPL) blew past even the most optimistic estimates Tuesday, reporting second-quarter earnings of $3.33 per share on $13.50 billion revenue.
Its net quarterly profit was $3.07 billion, up nearly 90% from the same quarter last year.
Wall Street was anticipating earnings of $2.45 per share on revenue of $12.04 billion, according to a survey of MOREPhilip Elmer-DeWitt - Apr 20, 2010 4:52 PM ET
COO Tim Cook clears $68 million before taxes; CFO Peter Oppenheimer, $46 million
Apple's senior staff had a busy -- and profitable -- trading day Thursday.
More than a million restricted shares of Apple (AAPL) stock that seven of them were granted on Dec. 14, 2005 became fully vested Wednesday. The next day, with Apple opening at an all-time record high, four of them sold off all those shares pursuant, as the MOREPhilip Elmer-DeWitt - Mar 26, 2010 7:31 AM ET
Net income grew nearly 50% in Apple's most profitable quarter ever
It seems no matter how high Wall Street's expectations these days, Apple (AAPL) still manages to blow past them.
On Monday it hit the Street with a double whammy: not only did it announce record sales and earnings, but it changed the way it reports its iPhone sales revenue, replacing what used to be its GAAP (generally accepted accounting procedure) earnings MOREPhilip Elmer-DeWitt - Jan 25, 2010 5:06 PM 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 MOREPhilip Elmer-DeWitt - Oct 19, 2009 4:58 PM ET
Apple passed an important milestone last quarter that nobody on Wall Street seems to have noticed: the iPod, once Apple's (AAPL) No. 1 source of revenue, fell into third place after the Mac (No. 1) and the iPhone (No. 2).
Think of Apple's business model -- as Steve Jobs often does -- as a three-legged stool: Mac, iPod, iPhone. As recently as 2006, the iPod leg accounted for 55.5% of Apple's MOREPhilip Elmer-DeWitt - Aug 5, 2009 6:27 AM ET
Apple (AAPL) on Wednesday posted sharply higher revenue and earnings in its second fiscal quarter of 2009, beating both its guidance and analysts estimates.
iPhone sales were particularly strong -- up 123% year to year -- and seem to have offset a 3% decline in the Mac division.
The headlines from the company's press release:
Revenue: $8.16 billion, up 8.16% from $7.94 billion in Q2 2008
Profit: $1.21 billion, up 15.8% year to year MORE
When Apple (AAPL) reported its fiscal 2009 first-quarter earnings, exactly three months ago, the stock opened the day at $78.20, its lowest point since October 2006.
On Wednesday, when Apple is scheduled to report its second-quarter results, the same shares opened at $122.27 -- a 56% increase.
While that's still below the price targets set by most analysts -- many of whom revised their targets upward in just the past week -- MOREPhilip Elmer-DeWitt - Apr 22, 2009 9:32 AM ET
This was a live blog from Apple's (AAPL) third quarter 2008 earnings call, posted in reverse order with the newest entries on top. The call is scheduled to be replayed starting at about 8 p.m. ET Monday at the following numbers: (888) 203-1112 (toll free) or (719) 457-0820. Confirmation code: 4120259. A transcript is available here.
6:00 p.m. We're done. The headline: Led by record Mac sales, earnings were up 31% MOREPhilip Elmer-DeWitt - Jul 21, 2008 3:36 PM ET
"You know, I think it wouldn't be a party," Steve Jobs told Fortune in February, describing the future of his company if, as he put it, Jobs got hit by a bus. "But there are really capable people at Apple. ... My job is to make the whole executive team good enough to be successors."
Life at Apple without Jobs may be more than just a hypothetical. The 53-year-old Silicon Valley MOREPhilip Elmer-DeWitt - Jun 24, 2008 11:20 AM ET
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