Tim Cook

Breaking News about Tim Cook:

Apple Stock Trades At All-Time High: Sell Side Positive After Earnings Beat

Oct 23 2014 12:06pm CDT | Source: bidness etc

After posting upbeat earnings for the fourth quarter of its 2014 fiscal year (4QFY14), Apple Inc.'s (AAPL) stock crossed the $100 mark, to reach an all-time high of $105. The better-than-expected iPhone 6 sales (39.3 million units), compared to earlier estimate of 38 million, was the major catalyst for the positive quarterly results. This has translated into the company’s share price rallying– which was trading below ...
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Apple To Open 25 More Stores In China

Oct 23 2014 7:44am CDT | Source: bidness etc

Apple Inc. (AAPL) Chief Executive Officer (CEO) Tim Cook continues to meet several high-profile individuals in China. In a recent interview to Sina Corp, Mr. Cook said Apple is planning to expand its presence in the country. The company plans to open 25 more stores in Hong Kong, Taiwan, and Mainland China, taking its total number of stores in the region to 40. Earlier, Apple had planned to increase its store count in the region to 22 by 2015. ...
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Will iPad Air 2 Revive Dwindling iPad Sales?

Oct 23 2014 6:50am CDT | Source: bidness etc

Sales of Apple Inc.'s (AAPL) iPads have continued to slide for the third consecutive quarter. They were down 13% year-over-year (YoY) to 12.3 million units, compared to the 14.1 million units sold in the same period last year. This has resulted in a drop of 14% YoY. The tech giant now hopes that the product refreshers –iPad Air 2 and iPad Mini 3– can help revive the segment's falling sales. The iPad ...
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On Track Innovations Surges On Apple Pay Launch

Oct 22 2014 4:40am CDT | Source: bidness etc

On Track Innovations Ltd.'s (USA) (OTIV) stock surged as much as 9% in the last trading session, as investors drove up the price after the successful release of Apple Inc.’s (AAPL) payment system, Apple Pay. On Track Innovations specializes in developing cashless payment solutions, and its WAVE device can be used in tandem with older iPhones to make them compatible with Apple Pay; by default, full Apple Pay functionality is current ...
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Analysts Don’t Agree With Carl Icahn's Valuation Of Apple

Oct 10 2014 2:20pm CDT | Source: bidness etc

Carl Icahn made the headlines yesterday. His letter to Apple Inc.'s (AAPL) Tim Cook and the company's board encapsulated several important points, including his valuation of Apple stock at $203. However, sell-side analysts view his estimates as "rather optimistic." Steve Milunovich, analyst at UBS AG (UBS), notes that although Apple's stock is undervalued, an estimation of $203 per share from Mr. Icahn is too high. He maintains a Buy rating on the stoc ...
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Netflix: Icahn Sees Apple UHD TVs As Upcoming Catalysts

Oct 9 2014 1:39pm CDT | Source: bidness etc

Carl Ichan recently said he backed Netflix, Inc. (NFLX) CEO Reed Hasting's view that Ultra HD TVs will be a major catalyst for the company in the future. Mr. Ichan is an investor widely known for his excellent predictions on tech stocks. Ichan, who still holds a significant stake in Netflix even after disposing off 421,000 shares earlier this year, is of the view that the era of pay-TV has aged and that time for innovations is ripe. He believes that the growth pros ...
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“Dear Tim,” Writes Carl Icahn

Oct 9 2014 9:26am CDT | Source: bidness etc

Yesterday markets were aboil over the subject of a letter that Carl Icahn was supposed to send to Apple Inc. (AAPL) CEO Tim Cook. The wait is over as the letter is now available and provides a detailed analysis on Apple's growth and earnings potential. The underlying theme of the entire letter is to get Apple to increase and expedite its share buyback program. The letter requests Mr. Cook to present Icahn Enterprises with a plan to “make a tend ...
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Carl Icahn Looking To “Cook” Another Deal

Oct 9 2014 7:19am CDT | Source: bidness etc

Fresh from his victory of splitting PayPal from eBay Inc. (EBAY), activist investor Carl Icahn has set his sights on Apple Inc. (AAPL), as his next target. In a tweet yesterday, he announced his intention to write an open letter to Tim Cook today, which he believes “will be interesting.” Following Mr. Icahn’s tweet, Apple shareholders are abuzz with speculations over the subject matter of the letter.     Many are predicting that Mr. Icahn is looking ...
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Apple Inc. Says China Pre-Orders For iPhone 6 Start October 10

Sep 30 2014 7:46am CDT | Source: bidness etc

Apple Inc. (AAPL) is set to enter the Chinese market with the new iPhone 6 and iPhone 6 Plus. Today, Apple announced official dates for the availability of its new iPhones in the Chinese market. According to the announcement, new iterations of the iPhone series will be available for pre-orders on October 10 through Apple’s official website. Customers can order their iPhones at Apple retail shops on October 14, which can be picked up on October 17. The news ...
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