Apple Inc. (AAPL) - NASDAQ
  • Oct. 30, 2012, 10:33 AM

    "This was better than the Giants winning the World Series ... people are really excited." That's how an NYT source describes the mood among Apple (AAPL) employees following Scott Forstall's removal. Om Malik basically reports the same, though he adds many think replacement Craig Federighi "is someone who needs to prove himself." Forstall's refusal to sign an apology letter for iOS 6 Maps was apparently the final straw, though all signs point to other factors also being at work.

    | Oct. 30, 2012, 10:33 AM | 34 Comments
  • Oct. 29, 2012, 9:14 PM

    Scott Forstall's departure from Apple (AAPL) was "not his decision," a source tells the WSJ. Moreover, sources claim Forstall has clashed with other execs (this is supported by past reports), and was complaining about a lack of big ideas from his unit - some outside of Apple have been complaining about this too. John Gruber: "Forstall was an obstacle to collaboration ... his responsibilities are being divided between four men who foster collaboration." Erica Ogg: "It's Tim Cook's Apple now."

    | Oct. 29, 2012, 9:14 PM | 54 Comments
  • Oct. 29, 2012, 5:24 PM

    More on Apple's shakeup: Internet software/services chief Eddy Cue will be in charge of Maps and Siri. Design chief/legend Jony Ive will now also be responsible for "human interface" for Apple's products. Bob Mansfield, recently convinced to cancel his retirement plans, will head a new Technologies unit that will include all of Apple's wireless hardware and chip teams. A search has begun for a retail chief to replace Browett; Tim Cook will head retail in the interim. Federighi's promotion could bring additional moves to "harmonize" iOS and Mac OS. (PR)

    | Oct. 29, 2012, 5:24 PM | 33 Comments
  • Oct. 29, 2012, 5:13 PM
    Apple (AAPL) announces iOS chief Scott Forstall is leaving the company next year; Mac OS chief Craig Federighi will now also be in charge of iOS. Also, retail chief John Browett is leaving. Forstall, once seen as a potential successor to Tim Cook, had come under fire over iOS 6's Maps app and (to a lesser extent) Siri. Browett was hired only in January - many were puzzled by the hiring, given Browett's track record at U.K. retailer Dixons.
    | Oct. 29, 2012, 5:13 PM | 73 Comments
  • Oct. 29, 2012, 12:41 PM

    Hurricane Sandy may have cancelled Google's (GOOG) NYC Android event, but the company is still unveiling its Nexus 10 tablet and Nexus 4 smartphone today. In spite of its high-res display, the 16GB Nexus 10 (made by Samsung) is priced at $399, undercutting the 16GB retina iPad by $100 - that might be necessary, given the iPad's high-end dominance/app lead. The Nexus 4 (made by LG) lacks 4G support, something that should limit its U.S. appeal. But it will cost just $299-$349 without a contract. (earlier)

    | Oct. 29, 2012, 12:41 PM | 4 Comments
  • Oct. 29, 2012, 11:10 AM

    Apple's (AAPL) iOS 6 brings with it a slew of additional features meant to boost enterprise iPhone/iPad adoption. Among them are "guided access," which allows admins to steer users to a single app, and the ability to control configuration profiles and disable pre-installed apps. Apple is also reportedly partnering with VMware (VMW) to deliver a cloud-hosted version of Apple's iWork productivity suite, among other enterprise solutions. There's still no word on when Microsoft Office (MSFT) will arrive on the iPad. (Forrester)

    | Oct. 29, 2012, 11:10 AM | 8 Comments
  • Oct. 29, 2012, 9:16 AM

    The prepaid iPhone 5 units being sold by Leap Wireless are moving "very well," claims Leap Wireless (LEAP) CEO Doug Hutcheson. But like other carriers, Leap is dealing with iPhone 5 supply shortages. Some think Leap's prepaid offering - it sells the 16GB iPhone 5 for $499, but doesn't require a contract, and allows it to be used with a $55/month service plan - amounts to a trial balloon on Apple's (AAPL) part.

    | Oct. 29, 2012, 9:16 AM | 1 Comment
  • Oct. 29, 2012, 9:09 AM
    Amazon (AMZN) isn't taking the iPad Mini's (AAPL) arrival (and Tim Cook's earnings call criticism of 7" tablets) lying down: the company has placed a giant ad on its home page favorably comparing the $199 Kindle Fire HD with the $329 Mini. Absent from the ad is any mention of the Fire's ads or lukewarm reviews. Meanwhile, shipping times for all Wi-Fi Mini models have risen to two weeks, and Google (GOOG) is returning fire by giving the Nexus 7 a storage boost.
    | Oct. 29, 2012, 9:09 AM | 7 Comments
  • Oct. 27, 2012, 2:41 PM

    Why does Apple (AAPL) have a forward P/E of 10 while Amazon (AMZN) has a forward P/E of 100? The reason, as Barron's points out, is "the perception of absolute control at Amazon." Amazon is a company that could generate billions more in annual profits if it didn't invest at a breakneck pace on new warehouses, streaming rights, subsidized hardware, and much else. Thus, Amazon bulls are content to focus on its share gains and healthy gross margin. But if Jeff Bezos plans to put a lid on spending, he isn't tipping his hand.

    | Oct. 27, 2012, 2:41 PM | 69 Comments
  • Oct. 26, 2012, 4:56 PM

    Global mobile phone shipments rose 2.4% Y/Y in Q3, says IDC, while smartphone shipments rose 45.3% (Strategy Analytics only estimates 35%). The figures are up from Q2's -1.5% and 42.5%, and (if accurate) bode well for mobile chip demand. Samsung's (SSNLF.PK) phone share stood at 23.7% (up 360 bps Y/Y), Nokia's (NOK) at 18.7% (down 580 bps), and Apple's at 6.1% (up 220 bps). HTC and RIM saw their smartphone shares fall by more than half, and Nokia fell out of the top-5 altogether.

    | Oct. 26, 2012, 4:56 PM | 11 Comments
  • Oct. 26, 2012, 2:52 PM

    BriefMobile leaks images and specs for Google (GOOG) and Samsung's (SSNLF.PK) high-end Nexus 10 tablet, set to be announced at a Monday event. The device features a dual-core Samsung Exynos processor (the Nexus 7 uses an NVDA chip) and 10.1" AMOLED display (a positive for PANL, particularly since OLEDs have seen limited tablet use) sporting a 2500x1600 resolution. Thus far, no one has produced a successful high-end rival to the iPad and its arsenal of 275K tablet-specific apps. Update: BriefMobile is now backtracking on the AMOLED display claim.

    | Oct. 26, 2012, 2:52 PM | 8 Comments
  • Oct. 26, 2012, 1:06 PM

    More on Apple: It looks as if the iPad Mini, premium pricing and all, is off to a decent start: the white model sold out hours after pre-orders commenced, and shipping times now stand at 2 weeks. The black model is still available. Digitimes recently claimed the Mini's relatively high pricing was due to low yields for its cutting-edge GF2 touchscreen tech (previous). If that rumor is accurate (a big if), it could mean a price cut will arrive once yields improve and costs fall.

    | Oct. 26, 2012, 1:06 PM | 46 Comments
  • Oct. 26, 2012, 12:49 PM

    Apple (AAPL -2.6%) is now seeing a decent post-earnings selloff. Aside from the margin issues, the Street is likely concerned about Apple's relatively soft European and Asia-Pac performance. Europe and China's macro problems are one reason, but in light of Samsung's Q3 smartphone sales and recent market share data (I, II), Android competition could be another. U.S. and Japanese sales grew much faster thanks to iPhone share gains - could the Japanese gains finally lead to a deal with NTT DoCoMo? (more) (transcript)

    | Oct. 26, 2012, 12:49 PM | 45 Comments
  • Oct. 26, 2012, 10:19 AM

    Apple (AAPL +0.2%) continues trading near breakeven after beating iPhone forecasts, missing iPad forecasts, and issuing soft EPS and margin guidance. The fact investors care more about iPhone sales (easily the majority of Apple's gross profit) than iPad sales could be helping its cause. Evercore and Goldman are a little worried about the margin pressure Apple is seeing, though Goldman thinks Apple's earnings call comments about improving iPhone 5 supplies bode well. (more)

    | Oct. 26, 2012, 10:19 AM | 4 Comments
  • Oct. 26, 2012, 3:51 AM
    Samsung (SSNLF.PK) didn't say in its Q3 report, but research firm Strategy Analytics estimates that the Korean firm shipped 56.9M smartphones in Q3, taking its market  share to 35.2% and ensuring it kept hold of the sector lead. Apple (AAPL) retained second place with 26.9M handsets, or 16.6% share, while Nokia (NOK) slipped out of the top three for the first time. Total global shipments +35% Y/Y to 162M units.
    | Oct. 26, 2012, 3:51 AM | 4 Comments
  • Oct. 25, 2012, 7:29 PM

    Pandora (P -11.7%) rises 3.7% AH after music execs tell CNET Apple's (AAPL) Internet radio service is far from a done deal. Though requesting more flexibility for its service than what Pandora and others can offer, Apple reportedly is pushing for a lower royalty rate, and some think its offered cut on iAd sales isn't high enough. However, studios are said to be worried a spurned Apple could join Pandora in supporting the Internet Radio Fairness Act. (Bloomberg report) (more on Apple)

    | Oct. 25, 2012, 7:29 PM | 7 Comments
Company Description
Apple, Inc. engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. The firm offers products and services under the iPhone, iPad, Mac, iPod, Apple Watch, and Apple TV brands; consumer and professional... More
Sector: Technology
Industry: Personal Computers
Country: United States