Submitted by Fred Straker on
Apple stock (NASDAQ:AAPL) started the week at $96.27 per share. Prices slumped in Wednesday trading, bottoming out at $93.49 and flirting again with the 52-week low of 92 bucks. AAPL then peaked Friday morning at 97.99 only to fall back and close at 96.91. The big investor-related news last week was Apple's annual shareholder meeting on Friday. Let's take a closer look.
Submitted by Fred Straker on
After another lackluster week, Apple stock (NASDAQ:AAPL) opened the Tuesday after President's Day at $94.65. Share prices made a steady climb Tuesday into Wednesday, peaking at $98.25. Thursday brought a slide until AAPL leveled off on Friday, closing the week at $96.04. Overall, in four days of trading Apple stock gained modestly at +$1.39 (+1.47%). As usual, there are several storylines that could affect AAPL in the near term. Let's take a closer look.
Submitted by Fred Straker on
Apple stock (NASDAQ:AAPL) stayed in the doldrums last week, with prices remaining under $100. Since the last earnings report, investors have been concerned about iPhone sales. Shares opened Monday at $93.91 and peaked during Wednesday trading at $96.31 only to slide, bottoming out Thursday morning at $92.60. AAPL gained its footing on Friday, closing at $93.99, up eight cents per share over the week for virtually no change.
Submitted by Fred Straker on
Apple may finally take the plunge into TV production, with reports of a series starring Dr. Dre in the works. Besides original programming, the company is also set to announce the iPad Air 3 and an upgraded 4-inch iPhone. Both new devices could launch quickly after the official announcement in mid-March. Instagram fans can now easily switch between accounts, and Facebook fans can upload Live Photos. Here are some of the highlights in Apple news this week, including a record dividend for AAPL shareholders.
Submitted by Fred Straker on
Apple stock (NASDAQ:AAPL) opened on Monday at $96.16, and during the trading day Google's parent company Alphabet (NASDAQ:GOOG) briefly surpassed Apple as the most valuable company in the world. After Apple's earnings report hit, prices remained under $100. Alphabet also released a strong earnings report last week. Continuing the lackluster news for Apple, the company expects iPhone sales to decline year-over-year for the first time next quarter. Investors are concerned as the iPhone represents a majority of Apple's overall revenues. Both Alphabet and Apple are valued in the low to mid-$500 billion range.
