Despite having a mountain of cash overseas, Apple has decided it’d be cheaper for the company to go into debt for its stock buyback program, rather than bring the money back to the U.S. to be taxed.
After taking the initial steps yesterday toward offering bonds to investors, Apple opened up its order book today and plans to sell $ 17 billion worth of bonds. The six-part all dollar offering has already [Read More...]
Here’s an interesting tidbit for you: even as Apple’s stock price has plunged below $ 400 as twitchy Wall Street investors panic upon rumors that iPhone and iPad demand has slowed, Verizon Wireless has reported that they activated 4 million iPhones in the last quarter. That’s 500,000 more than was estimated, an 84% increase year-over-year in iPhones activated: overall, it means that almost 56% of all phones Verizon sold last quarter were [Read More...]
How much longer can Apple keep milking the carriers?
Apple and the U.S. carriers have always had a bittersweet relationship. Carriers love Apple because the iPhone brings people into their stores, but carriers are also pressured by Apple to pay high subsidies so that Apple can maintain its high profit margins.
Given that there’s way more competition for the iPhone these days, Apple’s chokehold on [Read More...]
If you believe recent reports and predictions from analysts, Apple must make its iPhone cheaper or introduce a low-cost model if it wants to compete with Samsung going forward. The Korean company currently boasts the largest smartphone market share in the United States, and its lead is expected to increase throughout 2013. But did you know that Apple has actually sold more devices? 88 million more, in fact.
Raymond James analyst Tavis [Read More...]
Apple’s golden boy just had himself quite the pay day.
Following Apple veteran Bob Mansfield cashing in $ 20 million worth of AAPL, Eddy Cue has decided to let go of roughly $ 8.8 million in stock. Cue, who’s official title at Apple is “Senior Vice PresidentÂ Internet Software and Services,” recently soldÂ 15,000 shares valued at aboutÂ $ 583 per share.
Cue only ownsÂ 285 accessible shares in Apple now, but he has a treasure [Read More...]
UK-based Future publishing announced earnings over the past year, claiming over $ 8 million in digital magazine sales, with over 12 million app downloads and five million subscribers. It offers its array of tech and sports themed magazines via Apple’s Newsstand and “container apps,” like Zinio.
The company announced today that the success really only came after Newsstand was released, a little under a year ago. â€œSales of digital editions on Apple [Read More...]
It was recently revealed that Verizon sells the iPhone 5 factory unlocked out of the box. Not only can you use the Verizon iPhone 5 on another CDMA carrier, but the device will also work on non-LTE GSM networks, like AT&T. U.S. carriers will typically unlock off-contract iPhones for free, but Verizon is selling the iPhone 5 unlocked with a two-year contract as well.
Buying an iPhone 5 at the full, unsubsidized [Read More...]
According to a report by ABI Research, Apple and Samsung have 50 percent of the smartphone market, and 90 percent of the global profits from that market. These top two companies dominate the smartphone industry so thoroughly, claims the research firm, that there is no one even close to becoming a third player. “At this point in the year, Nokia will have to grow its Windows Phone business 5000 percent in 2012 [Read More...]
The newest fake Android store in China sells the new iPhone
Those clever Chinese people are great at copying anything. Fake iPhones. Fake Louis Vuitton bags. Fake Gucci sweaters. Fake Disneyland. The list is endless. We’ve even seen quite a few fake Apple Stores pop-up in China over the years. Some even looked like an exact replica of the real thing. Well now some clever Chinese citizens have moved on and are now [Read More...]