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☆ Apple deftly navigated Trump's first term. The second one brings new challenges
▼ + stars: | 2024-11-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The news Trump's decisive victory over Vice President Kamala Harris in the 2024 presidential election comes with varying implications for Apple investors. Apple got exceptions in Trump's first term that muted the impact of tariffs on Apple. Bottom line Apple deftly navigated a first Trump term, but it's way too early to say with certainty what Trump's second term in office will mean for the California tech giant. As for tariffs, Apple has wisely expanded its manufacturing capabilities outside of China in markets like India, and it should continue to do so. In Trump's second term, "Apple is going to need what I call special pleading," Jim Cramer said during the Morning Meeting.

Persons: Donald Trump, Kamala Harris, Trump, Apple —, Apple, Bernstein, Tim Cook, Cook, I've, Hillary Clinton, Rosenblatt, it's, Jim Cramer, they're, Jim, Jim Cramer's, Saul Loeb Organizations: Apple, Big Tech, Bank of America, Justice Department, Management, Nvidia, Microsoft, Club, Trump, Democratic, Rosenblatt, Samsung, DOJ, CNBC, American Workforce Policy, White, AFP, Getty Locations: China, U.S, India, California, Washington , DC

☆ Where Jim Cramer stands on Apple after more selling from Warren Buffett's Berkshire
▼ + stars: | 2024-11-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

The news Berkshire Hathaway sold another large chunk of Apple shares, according to the Warren Buffett -led company's earnings report Saturday. But it still held roughly $69.9 billion worth of Apple shares at the end of September. It's unclear why Berkshire is selling Apple, but investors don't seem too worried. AAPL YTD mountain Apple YTD Apple stock fell 1% in Monday's down market, the first chance Wall Street got to react to the news. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Berkshire Hathaway, Warren Buffett, Morgan Stanley, Jim Cramer, Jim, Buffett, Jim Cramer's Organizations: Berkshire, Apple, of America, CNBC, Nurphoto, Getty Locations: Omaha, Berkshire, Monday's, Manhattan , New York

☆ What Google’s antitrust defeat means for the search giant and its partner Apple
▼ + stars: | 2024-08-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

The antitrust ruling against Google may not be the lose-lose scenario for the search giant and its key partner Apple that some are predicting. At the heart of the case is Google's exclusive relationship with device makers to be the default search engine on their screens. Google paid Apple $20 billion in 2022 alone for the privilege, according to recent court documents. AAPL YTD mountain Apple (AAPL) year-to-date performance "By collateral damage of course, this is negative for Apple," Jim said. Bank of America analysts tried to assuage Apple investors' concerns around services revenues.

Persons: Sherman, Kent Walker, Walker, Jim Cramer, Jim, —, Jim Cramer's, Jason Alden Organizations: Google, Apple, Barclays, Firefox, Yahoo, Bank of America, CNBC, Bloomberg, Getty Locations: U.S

☆ Live updates: Apple investors watching iPhone sales in China ahead of earnings today
▼ + stars: | 2024-08-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The tech giant suffered from weak demand and rising competition in China earlier this year. Investors are looking for updates on its performance in China and coming products, like the iPhone 16. Investors will be on high-alert for updates on the firm's success in China, the services side of its business, and Apple's key projects. That includes Apple Intelligence, its coming AI software, and the iPhone 16, which is set to be released this fall. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Investors, Service, Apple Intelligence, Business Locations: China

☆ Apple investors get 2 new signs that the tech behemoth is taking AI more seriously
▼ + stars: | 2024-05-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

There's mounting evidence of how serious Apple is about artificial intelligence, Jim Cramer said Tuesday, pointing to a Wall Street Journal report about the tech giant developing AI data center chips. "This is the beginning of what I regard as the Apple offense on AI." He also reiterated his Apple stock mantra: "Own it, don't trade it." Following a 48% gain last year and an all-time just under $200 per share back in December, Apple shares fell on hard times. Jim suggested Tuesday that Apple investors will be rewarded for their patience once management fully unveils their forthcoming AI strategy.

Persons: Jim Cramer, Jim, Tim Cook Organizations: Wall, Apple, Data Centers, Taiwan Semiconductor Manufacturing, Big Tech, Developers Conference

☆ Apple CEO Tim Cook made $63 million last year — here's how that breaks down
▼ + stars: | 2024-05-03 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Apple CEO Tim Cook's base salary has been $3 million a year since 2016. His total compensation was $63.2 million in 2023, down from $99.4 million the previous year. AdvertisementApple chief Tim Cook has been paid an annual salary of just $3 million since 2016. However, the CEO of the second-most valuable US company also gets stock awards and a performance-based bonus, which boosts his overall earnings. His pay packet was made up of $46.9 million in stock awards and $10.7 million in non-equity incentive plan compensation.

Persons: Tim Cook's, —, Tim Cook, Cook, It's, Apple Organizations: Apple, Service, SEC, Forbes, Bloomberg, Developers Conference, Business Locations: China

☆ Apple fans are eager for any sign at all of its AI intentions after a rough year
▼ + stars: | 2024-04-12 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Fans and investors are hoping that AI might help save what's shaping up to be a bad year for Apple. On Thursday, Apple shares rose more than 4% on news it plans to revamp Macs with an AI-focused chip. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt looks like Apple investors will jump at any sign of good news on the AI front after the company's rough start to the year. On Thursday, Apple rose more than 4% after Bloomberg reported that it will overhaul its Mac lineup with new M4 processors focused on AI.

Persons: —, It's Organizations: Apple, Service, Bloomberg Locations: China

☆ Why Apple's $2 billion fine is a $80 billion problem
▼ + stars: | 2024-03-04 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Apple's stock fell Monday morning after EU regulators slapped the company with a $2 billion fine. The fine is part of the EU's push to get Apple to open up its App Store. Investors are trying to figure out how much opening the App Store will hurt the company long term. Which means, at the moment, that Apple's $2 billion fine has cost it some $80 billion in market cap. But as recently as a month ago, the conventional wisdom was that Apple's fine was going to be something in the $500 million range.

Persons: —, that's, they've, there's Organizations: Apple, Service Locations: Europe

☆ Premarket stocks: Revolution or market bubble? Investors weigh the AI boom
▼ + stars: | 2024-02-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —What’s the difference between a revolution and a market bubble? Thanks to strong performances in stocks and bonds in 2023, coupled with steady savings rates and employer-provided matching contributions, 401(k) investors ended 2023 very much in the black, reports my colleague Jeanne Sahadi. That’s according to new fourth-quarter data from Fidelity Investments, one of the largest providers of workplace retirement plans that cover 23 million 401(k) participants. The troubled plant-based meat company, which has partnerships with McDonald’s and KFC owner Yum! On a Tuesday call with Beyond Meat’s investors, Brown outlined a set of initiatives intended to rightsize the struggling company.

Persons: New York CNN —, ’, Jamie Dimon, Dimon, ”, Torsten Slok, Yung, Yu Ma, “, Jeanne Sahadi, Gen Xers, Fidelity, Samantha Delouya, Ethan Brown, Brown Organizations: CNN Business, Bell, New York CNN, Nvidia, AMD, Taiwan Semiconductor Manufacturing, Apple, Microsoft, Amazon, Google, JPMorgan, CNBC, Apollo Global Management, Federal Reserve, BMO Wealth Management, Big, Norges Bank Investment Management, Legal, General, AFL, US Securities and Exchange Commission, Lawyers, SEC, Fidelity, Fidelity Investments, McDonald’s, KFC, Brands Locations: New York, California, “

☆ Google antitrust trial crystallizes Apple’s risk
▼ + stars: | 2023-11-15 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Nov 15 (Reuters Breakingviews) - The antitrust case against Google is spelling out some serious problems. The U.S. Department of Justice claims that Alphabet maintains its market dominance by striking deals to make Google the default search engine on other companies’ devices and browsers. One expert witness for Google said Apple receives 36% of the ad revenue Google makes from searches on Apple’s Safari browser. Kevin Murphy, an economics professor at the University of Chicago, and an expert witness for Google, made the remark, Bloomberg reported. The two companies have had a partnership since 2002, where Google shares advertising revenue generated from users of Apple devices, and Google is the default search engine for these devices.

Persons: Dado Ruvic, Tim Cook, Bernstein, Kevin Murphy, Alphabet’s Google, Lauren Silva Laughlin, Sharon Lam Organizations: Apple, REUTERS, Reuters, Google, U.S . Department of Justice, Microsoft, U.S . Department, University of Chicago, Bloomberg, Alphabet’s, Thomson

☆ Apple's holiday-quarter forecast faces threat from Huawei, weak China market
▼ + stars: | 2023-11-01 | by ( Yuvraj Malik | ) www.reuters.com time to read: +4 min

People stand outside an Apple Store as Apple's new iPhone 15 officially goes on sale across China, in Shanghai, China September 22, 2023. Apple's (AAPL.O) own iPhone 15 line-up has gotten off to a slow start in the crucial international market. Counterpoint estimates China sales of the latest series were nearly 5% lower compared with the iPhone 14 in the first 17 days after launch. Reuters GraphicsWall Street analysts expect iPhone sales to rise about 6% in the October-December period, according to LSEG data. The segment has often outpaced growth in Apple's hardware business in recent years and now accounts for nearly a quarter of its total revenue.

Persons: Aly, Bernstein, Jefferies, Yuvraj Malik, Aditya Soni, Saumyadeb Organizations: Apple, REUTERS, Huawei, Data, Wall, IDC, Thomson Locations: China, Shanghai, Bengaluru

☆ These stocks reporting next week typically beat the Street and rally
▼ + stars: | 2023-10-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

The following stocks have beat analyst expectations at least 85% of the time and rise at least 1% on average after they release their earnings results, per data from Bespoke Investment Group. The company has managed to beat earnings and revenue estimates 96% and 89% of the time, respectively. ANET YTD mountain ANET in 2023 Workiva Workiva is another cloud software company that made the cut. Workiva also has a strong history of outperforming estimates, with 100% and 97% earnings and revenue beat rates, respectively. Workiva shares have tumbled about 16% from their year-to-date highs in September, paring some of the stock's year-to-date gains down to 12.5%.

Persons: Eli Lilly, Goldman Sachs, We're, Michael Ng, Workiva, paring, — CNBC's Michael Bloom Organizations: Apple, Moderna, PayPal, Starbucks . Companies, CNBC Pro, Investment, Apple Investors, JPMorgan, Arista Networks, Evercore ISI Locations: China

☆ Apple stock price surge adds $135 billion to its market value after solid earnings beat. Here's what Wall Street is saying about the report.
▼ + stars: | 2023-05-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Apple's latest earnings report exceeded analyst expectations and alleviated concerns of a slowdown in iPhone sales. The company launched a $90 billion stock buyback program and raised its quarterly dividend by 4%. While revenues declined for the second quarter in a row, falling about 3% year-over-year, the company's quarterly iPhone sales exceeded $51 billion, which beat analyst estimates by $2.5 billion. Also giving Apple investors confidence is the company's announcement of a new $90 billion stock buyback program and a 4% increase to the company's quarterly dividend, to $0.24 per share. Shares of Apple jumped more than 5% on Friday, adding $135 billion to the company's market value, which stood at about $2.77 trillion.

Hardware sales are set to decline over 7% to $71.93 billion in the second quarter, according to 23 analysts polled by Visible Alpha. Mac sales, which account for nearly a tenth of Apple's revenue, likely fell by a quarter, while revenue from flagship iPhone is estimated to have declined by over 3%. Davidson, who expects iPhone sales there to rise. That would mark its second lowest growth rate since at least the first quarter of fiscal 2017. He expects Apple to have added 30 million users to its active installed user base - the number of active Apple devices in the world.

☆ Earnings playbook: The second half of the season kicks off with Apple, Ford and a pharma giant
▼ + stars: | 2023-04-30 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

What history shows: Data from Bespoke Investment Group shows Pfizer beats earnings expectations 87% of the time. Ford Motor is set to report earnings after the close, followed by a call at 5 p.m. What history shows: Ford earnings outperform earnings expectations 69% of the time, per Bespoke. AMD is set to report earnings after the close, with management scheduled to hold a conference call at 5 p.m. Friday Warner Bros Discovery is set to report earnings before the open, followed by a conference call at 8 a.m.

☆ These 6 CEOs are taking pay cuts to prevent more layoffs and fight tough times as industrywide reductions persist
▼ + stars: | 2023-02-05 | by ( Bethany Biron | ) www.businessinsider.com time to read: 1 min

Apple CEO Tim CookCook at Code in 2022. Jerod Harris/Getty Images for Vox MediaApple CEO Tim Cook is taking a 40% pay cut in 2023, bringing his annual target salary to $49 million for the year, per documents filed with the Securities and Exchange Commission in January. The executive requested the pay reduction himself, coming on the heels of recent controversy surrounding his hefty salary. In 2022, Apple investors were urged to vote against Cook's nearly $100 million pay package by a shareholder advisory firm. The SEC filing references "concern" over Cook's total annual compensation in 2021 and 2022, noting the 2023 reduction comes amid "balancing shareholder feedback, a desire to continue to create meaningful performance and retention incentives, and Mr. Cook's support for changes."

☆ Apple's lower iPhone sales drive first profit miss since 2016
▼ + stars: | 2023-02-02 | by ( Stephen Nellis | ) www.reuters.com time to read: +5 min

Apple sales fell 5% to $117.2 billion and were down in every part of the world in the quarter. Apple Chief Executive Tim Cook told Reuters that the production disruptions that plagued Apple's key quarter were now over. "I would point out that 8% is still a very severe headwind," Cook told Reuters. On top of supply chain problems for the iPhone, Wall Street analysts had expected iPhone sales to fall this year as part of a larger pattern in which the iPhone 14 family released last year sells more slowly after two straight years of strong sales of iPhone 12 and 13 models. Apple said iPhone sales were $65.8 billion, down 8% from the year before and below analyst estimates of $68.3 billion.

☆ Tim Cook's pay is falling 40% this year – but he's cool with it
▼ + stars: | 2023-01-12 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Tim Cook's 2023 pay package will be slashed by 40% to $49 million, according to an SEC filing. The cut was done at Cook's request after his paydays in previous years faced pushback among some shareholders. Last year, a top shareholder advisory firm encouraged Apple stockholders to vote against Cook's $99M pay. According to a filing by Apple with the SEC, Cook's target total compensation for 2023 will be $49 million, more than 40% below what he was paid in 2022. Last year, a top shareholder advisory firm urged Apple investors to vote against Cook's pay package, which totaled nearly $99 million for 2021, or 1,447x the median salary of an Apple employee.

☆ Apple's latest App Store revenue stat shows slowing growth
▼ + stars: | 2023-01-10 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

This year's disclosure suggests that Apple's App Store growth has plateaued. If all developers paid a 30% cut to Apple, Apple's App Store grossed over $85 billion in 2022, based on CNBC analysis. Apple's stat includes anyone who subscribes to a service through Apple's App store, not just its own first-party services like Apple TV+ and Music. Morgan Stanley analyst Erik Woodring has been following slowing App Store growth. "While App Store growth remains near its lowest levels in history, and we acknowledge the global consumer remains challenged, we are encouraged to see growth trajectory continue to improve after bottoming in September," Woodring wrote.

☆ Can Apple's buybacks keep investors happy?
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCan Apple's buybacks keep investors happy? CNBC’s Deirdre Bosa and Steve Kovach join ‘Tech Check’ to discuss whether buybacks will keep Apple investors happy as the company bought back about $90 billion worth of its share last year.

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