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Posts by AppleInsider

Activist investor Carl Icahn believes shares of Apple should be valued much higher than their current trading price, and on Wednesday said he even plans to revise his own price target for the stock, which he called a "no-brainer" investment. Activist investor Carl Icahn. | Source: Forbes The billionaire appeared on CNBC on Wednesday, where Icahn said he and his team are pleased with Apple's impressive quarterly results. While Icahn has a reputation for using his...
Apple's stunning first quarter of fiscal 2015 blew virtually every prediction out of the water, and left Wall Street analysts rushing to increase their price targets on Wednesday as the stock jumped higher. Apple sold a record breaking 74.5 million iPhones in the December quarter, propelling it to $18 billion in profit over the three-month span. That's the most profit ever reported by a publicly traded company --?nearly enough to buy three Nimitz-class aircraft...
Downloads still aren't translating to dollars for Google and developers who create applications for its Play store for Android devices, as Apple's iOS App Store remains far and away the most profitable digital storefront, according to the latest data. New figures from mobile analytics firm App Annie published on Wednesday show that in 2014, Google Play had 60 percent more worldwide application downloads than Apple's iOS. In terms of monetization, however, it's a very...
Apple reported the biggest quarter in its history this week --?and one of the largest by any company ever -- by nearly every metric imaginable. AppleInsider puts those mind-boggling numbers into perspective. Apple could fund the entire Apollo program using cash on hand, with enough left over to buy 5 nuclear aircraft carriers. Note: All numbers refer to the quarter ending Dec. 27, unless otherwise noted. $179 billion: Apple's cash-on-hand. $131.4 billion: The total...
Starting Feb. 2, customers walking into an Apple Store may notice something a little different as employees are expected to wear newly designed crew neck or polo shirts in a familiar shade of blue, but with repositioned and resized white Apple logos. The new shirt choices, shown above in a company email obtained by AppleInsider, appear to be the next step in Apple SVP of Retail Angela Ahrendts' plan to clean up Apple Store operations. The updated attire is not...
In a prepared statement issued on Tuesday, Universal Studios announced the full cast list for its upcoming Steve Jobs biopic, currently titled "Steve Jobs," including actresses set to play Jobs' daughter Lisa at three different ages. Source: CNET According to the release, obtained by SlashFilm, Universal's forthcoming film has started principal shooting in San Francisco under the direction of Academy Award-winning director Danny Boyle. Penned by Aaron Sorkin, another...
Apple Watch owners may never need to worry about being outbid in an eBay auction again, as a new job listing posted by the Internet auctioneer suggests advanced development of a bespoke Apple Watch app. Those familiar with eBay know that keeping tabs on live bids is crucial to winning an auction, and eBay is apparently working on a project that could potentially stream results directly to your wrist, according to a recently posted job listing for an Apple Watch software...
As many industry analysts predicted, iPad sales saw a steep year-over-year decline for the first fiscal quarter of 2015, but CEO Tim Cook is optimistic and sees great potential in Apple's upcoming hardware pipeline. For the quarter ending in December, iPad shipments clocked in at 21.4 million units, down 18 percent from just over 26 million sold during the same period last year. The sales decline spurred a 22 percent dip in year-over-year revenue, bringing in about $9...
Apple Pay now accounts for two out of every three dollars processed through contactless payment systems, a huge achievement for Apple's NFC-based solution that debuted less than three months ago. During Apple's quarterly conference call for the first quarter of 2015, company CEO Tim Cook announced huge uptake for Apple Pay since its activation in October, saying he expects even more growth as the year progresses. "We are more confident than ever that 2015 will be the...
During its quarterly conference call on Tuesday, Apple CEO Tim Cook announced the company had sold its one billionth iOS device in the December quarter, a device that will be kept at Cupertino for posterity. Apple's one billionth iOS device shipment, a number calculated from total iPhone, iPad and iPod touch sales, is emblematic of the mobile operating system's global appeal and marks a momentous achievement for the consumer electronics space. "On Nov. 22, we shipped...
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