After a string of spectacular investments, Carl Icahn tweeted on Tuesday at 2:21 p.m., “We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.” Apple stock was trading at $475.81 just before his tweet and shot higher
On a conference call following Apple AAPL +5.41%‘s release of quarterly results Tuesday, the highlights that stood out were Lower average selling prices, lower gross margins and higher iPhone sales. On the call, management made many positive pronouncements that deserve further digging. India Up 400% Cook said that sales in India were up
Apple (AAPL) has a new car dashboard design that it calls revolutionary. The dashboard design encompasses touch screens, cameras tracking head and eye movements, lasers as light sources, and voice controls. Apple claims that its design will cost less than traditional dashboards, will be more visually appealing, and enhance safety.
At a time when much media negativity surrounds Apple stock, it is important to remember that most of the media was expressing positive views on Apple stock when it was $700. Sentiment can change quickly. One potential development on the horizon that may change said sentiment is a new
Early Friday Samsung issued a sales and earnings outlook for the second quarter of 2013. The Korean firm’s estimate for sales is 56 – 58 trillion won and the estimate for operating profits is 9.3 – 9.7 trillion won. These numbers represent an 18% increase in sales and 44% increase in operating
It appears the next big thing in smartphones is coming neither from Samsung nor Apple but from Google . Last week at All Things D, Dennis Woodside, CEO of Motorola, announced Moto X. Moto X may turn out to be the next big thing in smartphones because of the emphasis on making
Samsung announced today that it has sold 10 million Galaxy S4 phones in the first month. This amounts to a rate of about four phones sold per second. JK Shin, CEO of the IT and Mobile Communications Division at Samsung, said, “On behalf of Samsung, I would like to thank
Tim Cook’s testimony before the U.S. Senate Permanent Subcommittee on Investigation has given much publicity to Apple ’s ingenuity at avoiding taxes. Although Apple is in the limelight, it is not alone in using complex schemes to dodge taxes. The crème de la crème of American corporations including Google , Microsoft , Cisco, and IBM use similar schemes to dodge
Click here for a larger chart. When Apple AAPL first announced iPhone 4S, there was a nice surprise in it called Siri. Siri is a virtual intelligent voice assistant. Siri caught the imagination of the masses. iPhone 4S sales took off. Analysts had to scramble to revise their iPhone 4S sales estimates
There are days when price action in stocks provides more information than usual, all one has to do is to observe while leaving opinions at the door. Tuesday was one of those days. There were major announcements from BlackBerry as well as Nokia and Apple AAPL stock fell precipitously in the afternoon. There were