Apple reported results for its fiscal second quarter ended March 30,2013 and they are not pretty. The company’s profits for the quarter fell 18% to $9.5 billion ($10.09 a share) from $11.6 billion ($12.30 per share) in the same quarter a year ago. Apple observers note that this is the company’s first profit drop in […]
In slightly over seven months, Apple shareholders have lost a mind boggling $283.78 billion. I doubt there’s been anything like it in the history of stock markets. Apple’s share price, which peaked at $702.10 on September 19, 2012, closed at $398.67 on Monday, April 22, 2013. Apple’s market capitalization (total shares multiplied by share price) […]
In the spirit of noblesse oblige, SI is providing two informative tables providing total unit sales and their dollar value for the iPhone and the iPad from their launch dates. The data has been collected off Apple’s quarterly and annual filings to the U.S. Securities and Exchange Commission. iPhone Success Except the stones the caveman […]
Premature obituaries on Apple have been written so many times, both on the company itself and and its dazzling offerings like the iPhone, iPod, iPad, iMac and iTunes, that it’s now bordering on the tiresome to even scroll through them. Time and again, the naysayers have been caught on the wrong foot and left with […]
Without the gazillion apps that run on them, the Apple iPhone, iPad and iPod touch devices would be just fancy pieces of glass and metal without any takers. The countless apps – games, news, weather, music, coupons, sports, fitness, health etc – have turned the iPhone, iPad and iPod touch into magical, addictive devices for […]
Those Jobs aren’t coming back. Steve Jobs to Barack Obama on bringing back some Apple manufacturing jobs from China to America With $121.3 billion in the bank, Apple plans to invest a mere $100 million in American manufacturing. That’s a piddling 0.082% of Apple’s mega cash hoard, the big chunk of which is stashed away […]