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AAPL
Apple Inc.

5/25/2012, 10:07 AM ET
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AAPL Market Currents more »
  • 10:03 AM Piper's Gene Munster details the reasons he sees Apple (AAPL -0.6%) reaching $1,000 over the next couple of years. Among them: a completely redesigned iPhone, an Apple TV set going for $1,500-$2,000, limited iPhone subsidy cuts (partly due to the low churn rates of iPhone users), continued margin strength, China demand; soaring tablet sales; and enterprise Mac/iOS adoption. [Tech, Quick Ideas]
  • 8:58 AM At the top of Goldman Sachs' VIP List of 50 stocks most important to hedge funds is Apple (AAPL), followed by GOOG, ESRX, MSFT, QCOM, C, GM, PCLN, JPM and LMCA. Leading the list of the firm's top 50 short positions is JNJ, XOM, INTC, IBM, AMZN, T, CVX, VZ, DUK and DIS. [Quick Ideas]
  • 5:27 AM While some top execs take huge payments despite failing, Apple (AAPL) CEO Tim Cook is giving up $75M in dividend income by excluding himself from a program that enables staff to accumulate dividends on their restricted stock units that are still vesting. Cook has 1.125M such units that are due to vest over the next 10 years. (8-K) [Financials, M&A]
  • Thursday 3:37 PM Apple (AAPL) EMEA chief Pascal Cagni has resigned, according Le Figaro. It's claimed Cagni, who was hired in 2000 by Steve Jobs, tendered his resignation yesterday. Apple's European sales totaled $11.3B in FQ2, or 24% of global revenue. [Tech]
  • Thursday 2:49 PM Google's (GOOG) rumored Nexus tablet will ship next month, Digitimes reports. It's added the 7" device, which a past report suggested will sell for $199, is expected to have 2012 shipments of just 2M-2.5M - IDC has estimated the 2012 tablet market will total 106M units. Between competition from the 9.7" iPad, the Kindle Fire, the Nook Tablet, and perhaps also an "iPad Mini," as well as Apple's (AAPL) huge lead in available tablet apps, Google has its work cut out for it. (also) [Tech]
  • Thursday 12:36 PM Millennial Media's (MM) Q1 Mobile Mix Report drives home the disproportionate and growing share of mobile web traffic and ad viewing claimed by tablets. Ad impressions served by Millennial to non-phone devices (primarily tablets) rose 33% Q/Q, and now make up 20% of all impressions. With the iPad dominating tablet web traffic, that's a bit of a problem for Millennial, due to iAd competition, and a bigger problem for Google (GOOG), due to its search revenue-sharing deal with Apple (AAPL). [Tech]
  • Thursday 10:50 AM Adam Lashinksky, author of a recent book on Apple's (AAPL) business culture, provides an inside look at how the Tim Cook era is unfolding. For better and/or worse, Apple is becoming "a more normal company" under Cook, Lashinsky suggests. Some of the changes: Cook engages with investors in a way Jobs didn't; engineers have to share more decision-making authority with managers; and the company now has a dedicated M&A team. [Tech]
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Company Description

Apple Inc. and its wholly-owned subsidiaries (collectively “Apple” or the “Company”) design, manufacture, and market personal computers, mobile communication devices, and portable digital music and video players and sell a variety of related software, services, peripherals, and networking... More

Sector: Technology
Country: United States