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Apple Inc (AAPL.O)

AAPL.O on Nasdaq

120.02USD
2:59pm EST
Change (% chg)

$-0.06 (-0.05%)
Prev Close
$120.08
Open
$119.55
Day's High
$120.10
Day's Low
$119.50
Volume
17,110,536
Avg. Vol
33,762,393
52-wk High
$120.81
52-wk Low
$89.47

Latest Key Developments (Source: Significant Developments)

U.S. appeals court revives antitrust lawsuit against Apple
Thursday, 12 Jan 2017 12:43pm EST 

: 9th U.S. Circuit Court of Appeals says iPhone app purchasers have standing to sue Apple, sends case back to lower court for more proceedings Further company coverage: [AAPL.O] (Reporting By Dan Levine) ((daniel.levine@thomsonreuters.com;)).  Full Article

Apple to trim production of its iPhone family around 10 pct on the year in Q1 2017 - Nikkei
Friday, 30 Dec 2016 12:13pm EST 

:Apple will trim production of its iPhone family around 10 pct on the year in the first quarter of 2017 - Nikkei.  Full Article

Nokia esays xpands patent litigation against Apple in Asia, Europe and the U.S.
Thursday, 22 Dec 2016 11:33am EST 

Nokia Corp : Nokia corp says has filed further complaints alleging that apple products infringe a number of Nokia patents, expanding its litigation originally announced on december 21. . Reg-Nokia expands patent litigation against apple in asia, europe and the us . Across actions in 11 countries, there are now 40 patents in suit, which cover technologies such as display, user interface, software, antenna, chipsets and video coding. Cases have now been filed in: . . Regional Court, Dusseldorf, Germany - 8 patents . . Regional Court, Mannheim, Germany - 4 patents . . Regional Court, Munich, Germany - 2 patents . . Market Court, Helsinki, Finland - 3 patents . High Court, London, UK - 3 patents . Court of Turin, Italy - 4 patents . Patent and Market Court, Stockholm, Sweden - 3 patents . Commercial Courts, Barcelona, Spain - 1 patent . District Court, The Hague, Netherlands - 3 patents . High Court, Paris, France - 1 patent . High Court, Hong Kong - 1 patent . Tokyo District Court, Japan - 2 patents . US District Court, Eastern District of Texas - 18 patents .International Trade Commission, US - 8 patents.  Full Article

Nokia sues apple in Europe, U.S. for infringement of Nokia patents
Wednesday, 21 Dec 2016 01:13pm EST 

Nokia Corp : Nokia sues apple in Europe and the U.S. for infringement of Nokia patents . Filed a number of complaints against Apple in Germany and U.S., alleging that Apple products infringe a number of Nokia patents . Actions have been filed with regional courts in Dusseldorf, Mannheim and Munich in Germany and U.S. district court for eastern district of Texas .Says Nokia is in process of filing further actions in other jurisdictions.  Full Article

Nike CFO- Expect Q3 reported revenue to grow in mid single-digit range
Tuesday, 20 Dec 2016 06:16pm EST 

Nike Inc : CEO on conf call- "there are areas in the short-term where we haven't executed as precisely as we would have liked" . CEO on conf call- scaling a process we call the express lane which allows us to go from creation to market in weeks instead of months. . CEO on conf call- .in q12 direct to consumer business grew 23% with Nike. Com leading the way at 46% . President on Nike Brands- the Apple Watch Nike Plus is selling well ahead of our plans . President on Nike Brands- N.America inventory down 4%., "we continue to keep supply tight which you'll see reflected in futures" . CFO- for the full year, continue to expect reported revenue growth in the high single-digit range . CFO- FX headwinds from further strengthening of the u.s. Dollar have put downward pressure on our second half revenue forecast . CFO- for Q3, expect reported revenue to grow squarely in the mid single-digit range . CFO- expect q3 gross margin to contract by approximately 100 to 125 basis points driven primarily by fx. . Ceo on conf call- "direct-to-consumer continues to be one of the greatest returns on investment" . President on Nike Brands- "we're seeing incredible momentum in basketball, to be clear, basketball is back" . President on Nike Brands- we expect a return to growth in nike basketball over the back half of the fiscal year.  Full Article

Three new iPhone 8 models likely to have glass backs supplied by Biel Crystal Manufactory, Lens Technology - Nikkei
Wednesday, 26 Oct 2016 11:01am EDT 

Nikkei:Three new iPhone 8 models to be launched next year likely to have glass backs supplied by China's Biel Crystal Manufactory and Lens Technology - Nikkei.  Full Article

Fitch says reputation risk bigger than cost impact of Samsung recall
Wednesday, 12 Oct 2016 11:22pm EDT 

Fitch: Fitch - reputation risk bigger than cost impact of Samsung recall . Fitch - Impact of note 7 incident unlikely to be significant enough in itself to affect Samsung stable credit rating, which is supported by strong financial metrics . Fitch - problems with the note 7 have raised long-term uncertainty about Samsung Electronics' handset operations . Fitch - expect co's profit for next few quarters to be affected by loss of smartphone sales and additional expenses related to the note 7, such as legal claims . Fitch - Note 7, other potential Samsung Electronics' handset customers may now chose Apple or mid-tier cos, if damage to Samsung and Galaxy brands is sustained .Fitch - believes that the benefits of Samsung Electronics' diversified product portfolio have reduced its vulnerability to shock.  Full Article

Google will not make a Twitter bid and Apple also an unlikely suitor - Recode, citing sources
Wednesday, 5 Oct 2016 06:44pm EDT 

:Google will not make a Twitter bid and Apple also an unlikely suitor - Recode, citing sources.  Full Article

Apple Pay heads to Japan with help from Sony's contactless tech - Nikkei
Tuesday, 6 Sep 2016 01:18pm EDT 

: Apple Pay heads to Japan with help from Sony's contactless tech - Nikkei . Apple will team with Felica Networks to make iPhone compatible with technology, likely by adding a feature letting it communicate with Felica Readers - Nikkei .Apple Pay likely will not launch in Japan until next year - Nikkei.  Full Article

Fitch says Apple ruling may help Ireland fiscals, but presents risks
Monday, 5 Sep 2016 10:08am EDT 

Fitch Ratings : Apple ruling may help Ireland fiscals, but presents risks .European commission's ruling that apple should pay Ireland up to EUR 13 billion has mixed implications for country's sovereign credit profile.  Full Article

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BlackRock to ask if companies spend cash from tax holiday on growth

BlackRock Inc will scrutinize how companies plan to use the cash they bring back to the United States as part of a tax holiday backed by U.S. President Donald Trump, CEO Larry Fink said in a letter distributed on Tuesday.