Apple's Senior Vice President of Worldwide Marketing Phil Schiller became $20 million richer today, according to documents filed with the SEC. The papers show that Schiller cashed in a ton of Apple stock for more than $18 million in cash.
In all, Schiller sold a total of 37,172 shares of common stock at a price of $500 for a total haul of $18.6 million. That's almost exactly half of his 75,000 shares that vested in June, which was half of the 150,000 share bonus he received last fall...
We've long anticipated Apple unveiling a new iPhone this fall, we just weren't sure exactly when it would do it. Then over the weekend, a report surfaced claiming the company was planning an event for September 10, and it's since been all but confirmed.
For the folks looking to sell their old models, that gives you a little less than a month to do so before the next iPhone is introduced. By then, your current-model iPhone will be worth a lot less than it is now—in fact, its value is already swiftly depreciating...
Yesterday, Carl Icahn, one of the most prominent investors on Wall Street, set the Internet on fire when he announced that he had taken a 'large position' in Apple. He didn't say how much money, exactly, but the investment is believed to be over $1 billion.
As you can imagine, Icahn's comments also set APPL on fire as well. The already-climbing stock jumped 20 points yesterday, and ended up closing around $490. And today, it's crossed the $500 mark on the back of another high-profile investor's blessings...
Although Apple didn't really wow investors with its overall Q3 numbers, there was one particular metric it blew out of the water: iPhone sales. Wall Street was predicting the company to sell between 25 and 27 million handsets during the period, and it sold 30 million.
And the strong iPhone sales not only helped Apple post a $6.9 billion profit for the quarter, but it also gave Foxconn a boost as well. According to a new report from The Wall Street Journal, the manufacturer's profits surged 41% last during its Q2 thanks to Apple...
If you're still scratching your head trying to figure out why high profile investor Carl Icahn just made a [rumored] $1 billion investment in Apple, consider this: the stock is down more than $200 from where it was a year ago, despite any major missteps, and the company is about to have another big fall.
How big? Well rumor has it that Apple is going to unveil two new handsets during its big media event next month. There's the iPhone 5S, the successor to the current iPhone, and the 'iPhone 5C,' an all-new low-cost model. And analysts believe that the two will make for Apple's biggest product launch ever...
AMC's hit TV show Breaking Bad, starring Bryan Cranston, returned last night for the highly anticipated second half of its final season (5). I wasn't able to find specific numbers, but it's believed that the premier could have broken several ratings records.
But while cable viewers turned out in droves, many iTunes users were met with disappointment when they logged in to view the episode. As it turns out, folks who purchased a Season Pass for the first half of the season don't get access to the second half...
Following its announcement that it was going to be discontinuing its popular Mac and iOS database software 'Bento' to work on its flagship product line, FileMaker has reportedly laid off some 20 of its full-time employees.
The layoffs are said to be part of a major restructuring, as the company moves to shift its focus to its more successful enterprise applications, and consolidate its workforce, in an effort to stay profitable amidst slumping sales...
At the time of this writing, Apple's stock is hovering around $456 per share. While that's still painfully lower than its peak of $702 back in September of last year, it's a major improvement over the $398 per share low it hit last month. So what happened?
The truth is, APPL had a nice little July. After starting the month at $405, the stock spiked around the 23rd—the day it announced its 'disappointing' Q3 earnings—and has been on the rise since. But why? Are investors gaining confidence in Apple again?
Steve Ballmer sounded pretty confident when his company debuted the Surface tablet last fall. At one point, he even said "I don’t think anybody has done a product that is the product that I see customers wanting," implying that Microsoft had.
But I think by now, it's pretty clear that's not the case. Not only did the software giant have to eat $900 million in unsold Surfaces last quarter, but estimates based on a new SEC filing suggest that it's only sold 1.7 million of them since launch...
Last month, word got out that Apple had won a bid for a colossal tablet deal with the Los Angeles Unified School District. The district, which is the second-largest in the country, agreed to buy some $30 million worth of iPads.
Today comes more details about the massive tablet rollout. According to a new report from CITEWorld, the LAUSD plans to distribute over 30,000 free iPads to students this school year in an effort to improve education...
According to a new report, Apple could have to pay half a billion in damages in its ebook pricing case. That amount is based on the settlements the book publishers, named in the case, have already paid.
For those who haven't been keeping up with the ordeal, federal judge Denise Cote found Apple guilty earlier this month, of colluding with five publishers to fix ebook prices at the launch of its iBookstore...
Apple just announced its earnings for its June quarter, and despite all of the ‘doom’ talk and lowball analyst predictions, the numbers are actually pretty good. In fact, the company set a record for iPhone sales during the 3-month period.
We're just finishing up the conference call, where Tim Cook and his CFO Peter Oppenheimer talked about the quarter, offered some insight and fielded several questions. And as usual, we’ve rounded up the 15 most interesting points for you...