Founded by Steve Jobs, Steve Wozniak and Ronald Gerald Wayne on April 1, 1976, and headquartered in Cupertino, CA., Apple Inc. (NASDAQ:AAPL), formerly Apple Computer, Inc., is a $520 billion market cap American multinational corporation that designs, develops and markets mobile communication and media devices, personal computers, computer peripherals, and computer software.
Apple Inc is best known for a series of hardware products and services under the iPhone, iPad, Mac computer, iPod, Apple Watch, Apple TV brands, and a variety of consumer and professional software apps, icluding OS X and iOS operating systems, as well as a cloud storage and cloud computing service under “iCloud” and a digital wallet service through “Apple Pay.”
Apple missed Wall Street consensus estimates with its 2016 second-quarter results. While this was Apple’s first quarterly revenue drop since 2003, the company still made $10.5 billion in profit. That’s more profit than what Google-parent Alphabet, Facebook, and Microsoft made combined.
With its stock above $108, Apple’s (AAPL) market capitalization stands at just under $585 billion. Shares have advanced 12.81% in the last 4 weeks and 17.10
Apple (AAPL) stock remains in the green since dip buyers stepped in at $100 on July 27. The next short term areas of interest from current levels are at
Microsoft (MSFT) shares are up 0.24 percent on Monday at $58.10. The stock is now up 24% on a year-over-year basis and off about 1.30% from their $58.71 all
Shares of Apple (AAPL) closed at $107.48 on Friday, gaining 1.52%. The stock extended its recent rally, jumping 11.3% since reporting better-than-expected
In the first quarter of 2016, Apple (AAPL) was the most heavily sold stock. In Q1 the top 50 hedge funds dumped more than $7 billion worth of Apple stock
There is no question, and this based on some objectively valid reasons such as iPhone sales drop, that Apple’s (NASDAQ:AAPL) stock has taken a beating this year
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