AAPL stock has reached an all-time high three days straight in the week it launched Apple Pay, with the company touching $105.49 today …
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Despite Apple returning to growth for the first time in a year, AAPL stock opened almost 8 percent down, as iPhone sales fell below analyst predictions and Apple’s mid-point guidance on Q2 earnings forecast was for zero growth.
Analysts had predicted 55.3M iPhone sales, while Apple reported sales of 51M. Analysts were also disappointed in Apple’s guidance for Q2 of $42-44B, as the mid-point of $43B would not show any growth over the same quarter last year …
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Apple remains the most valuable brand in the world, in an annual ranking by market intelligence company Millward Brown, reported in Marketing Week.
The Millward Brown Brandz rankings take into account both financial strength and brand equity, a measure of the value consumers place in a brand. Despite Apple’s share-price woes, the brand is regarded by consumers as the ‘gold standard’, says the report …
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Predictably, AAPL’s brief dip below $400 yesterday is resulting in a lot of excited reporting in the press, but how much does it all really mean?
The 5.5 percent slide yesterday was a combination of two factors. First, yesterday was a bad day for the market as a whole, with broad selling across a range of US stock triggered by the government reporting slower growth in hiring than the market had expected (via The Economic Times) …
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