Berkshire Hathaway, famously managed by Warren Buffet, purchased 9,811,747 shares of Apple stock at the end of the first quarter. Found in its latest 13F filing, required of investors with over $100 million in assets, the firm spent $1.096 billion on the buy. at the same time, the firm dumped all of its AT&T stock. […]
Apple is not the only company that believes the new iPhone 6 and iPhone 6 Plus will not only drive a bigger upgrade cycle, but also bring at least some switchers from the Android platform. Evercore Partners analyst Rob Cihra has reiterated his “overweight” rating for AAPL and raised the price target to $125, along […]
The U.S. International Trade Commission today indicated that its full panel will review two decisions made earlier this year by a judge regarding the on-going patent spats between Apple and Samsung. In particular, the ITC will look at one decision that found Samsung guilty of infringing on an Apple patent that pertains to selecting text, […]
Apple is reporting $54.5 billion in revenue and $13.1 billion in net profit for its fiscal first quarter, which ended in December. The company pulled in $13.81 in earnings per share, and sold 47.8 million iPhones, plus 22.9 million iPads, 4.1 million Macs, and 12.7 million iPods. Gross margin was valued at 38.6 percent. Looking […]
In the wake of considerable media backlash over a highly-questionable Wall Street Journal story claiming that Apple had cut back orders on iPhone parts to “half” previous levels — a claim now clearly shown to be inaccurate — AAPL has dropped to its lowest price in nine months, closing on Tuesday at $485.92 (though it […]
Rescuecom has released the latest version of its annual Computer Reliability Report, with Samsung topping the list of computer manufacturers by a wide margin. While Samsung’s market share is among the smallest of the companies on the list, the build quality of its computers, in combination with the company’s after-sale customer support, puts it far […]
Apple’s stock has regained some $82 billion in market capitalization in just the last seven weeks, closing on Thursday just shy of $610, the first time the stock has ended the trading day over $600 per share since late April. It hit a low of $530 per share in mid-May but has steadily climbed back […]
NVIDIA has a special deal with Microsoft to prevent outside deals and possibly let Microsoft itself buy it out, according to SEC filings. The Windows developer has rights of refusal on any attempt by a company to buy more than 30 percent of NVIDIA’s share, preventing any other company from buying a controlling stake. NVIDIA […]
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