Science

Apple's Shares Soar to Record High on Strong iPhone Sales

Apple's Shares Soar to Record High on Strong iPhone Sales”

In light of the giant's strong performance, Apple stock gained a 6% increase during after-hours trading.

Shares of Apple Inc. The stock's 50 day moving average is $147.04 and its 200 day moving average is $142.60.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st.

This marks a significant improvement in growth compared with same quarter in the previous year, when revenue declined 15% YoY, and is likely evidence of stabilizing iPhone sales. "I would guess at the very least Apple will have the successors to the current phones on sale in the usual timeframe and in the usual volumes, while my hunch is that the new higher-end model will also go on sale at the same time but be even more heavily supply-constrained than new iPhones usually are". EPS (earnings per share) came in at $1.67 against analysts' expectation of $1.57. This repurchase authorization authorizes the iPhone maker to purchase up to 6.5% of its shares through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. and worldwide trademark & copyright law. To achieve this, the company is expanding existing platforms such as its app ecosystem, creating the iMessage App Store for mini apps launched within the iMessage interface, as well as pushing further into areas like healthcare through its ancillary products, such as the Apple Watch.

More news: Neymar signs 5-year PSG deal after paying own €222m release clause

In other news, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $154.70, for a total value of $735,907.90. (NASDAQ:AAPL) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). For Mac, Apple announced 4.2 million computers sold between April and June 2017. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. Also, insider Daniel J. Riccio sold 11,949 shares of the business's stock in a transaction dated Thursday, July 6th. The disclosure for this sale can be found here. 45,154,726 shares of the company's stock traded hands. Company insiders own 0.08% of the company's stock.

Institutional investors have recently added to or reduced their stakes in the company. Empirical Finance LLC bought a new position in Apple during the fourth quarter worth $465,000. Dupont Capital Management Corp raised its position in Apple by 20.5% in the second quarter. The fund owned 16,295 shares of the iPhone maker's stock after buying an additional 390 shares during the period.

Haverford Trust Co. lowered its position in Apple Inc. American Beacon Advisors Inc. acquired a new position in shares of Apple during the first quarter worth approximately $117,000.



Like this

loading...
loading...

Latest


04 August 2017
Analyst Activity - Investec Reiterates Sell on Centrica PLC (LON:CNA)
Shore Capital reissued a sell recommendation on stocks of Intertek Group in a study report on early Tue. Shares of Etherstack PLC (ESK.AX) have seen the needle move -3.57% or -0.01 in the most recent session.

04 August 2017
Firefighter battling Montana wildfire killed by falling tree
The television station reported that it was the second time in two weeks a firefighter was killed by a falling tree . The Vista Grande Hotshots are stationed at Vista Grande Guard Station on the San Jacinto Ranger District.

04 August 2017
NTSB: Minneapolis school explosion investigation could take a year
NTSB member Christopher Hart says investigators are looking into whether the explosion occurred while a gas meter was being moved. Fire officials said a second body was recovered from the rubble Wednesday night.

04 August 2017
World's smallest neutrino detector finds big physics fingerprint
Having such a tiny detector makes it far more convenient to place around other sources such as nuclear power plants. For example, neutrinos can be captured by atoms, which then decay into another element.

04 August 2017
LEGO to release classic Voltron set designed by man residing in Malaysia
The Voltron LEGO build was created by Leandro Tayag, a 41-year-old software architect from Malaysia. And if the project is approved, the build will then officially go into production.

04 August 2017
Egyptian FM visit Sudan for ongoing bilateral tensions
Egypt also criticized Sudan for backing Ethiopia in the construction of a dam on the Nile which Egypt fears will affect its water needs.

04 August 2017
Dustin Johnson nails longest drive since 2013 during WGC-Bridgestone Invitational 2017
Other past winners at Firestone include Phil Mickelson, Greg Norman, Tom Watson, Gary Player, and yes, Jack Nicklaus. Hoffman's on a serious roll: three top 10s in his last five events, including a playoff loss in Canada.

04 August 2017
Nike Releases Special Edition Air Zoom Pegasus for Mo Farah
Mo Farah's controversial coach Alberto Salazar is set to miss his star runner's final championships in London. Seizing the moment, Nike has released the Nike Air Zoom Pegasus 34 Mo Farah.

04 August 2017
Official says vehicle bomber rams Afghan security post, 2 dead
On Monday a suicide bomber killed two people near the Iraqi embassy in Kabul . We will update this post with more details as they become available.

04 August 2017
Credit cost, NPAs restrict banks to cut MCLR: SBI
The Reserve Bank of India ( RBI ) on Wednesday, expressed unhappiness over the fact that banks have failed to pass on the entire benefit of its rate cuts to the consumers.