Al Gore Buys Extra Apple Stock

Former Vice President and Apple Board-member Al Gore has used his stock options to purchase more shares of Apple stock at a discounted price, according to reports. It appears he has used his board position to buy 1,000 shares in Apple at a reduced $7.48, giving him immediate $124,060 profit potential. Those shares were worth $131,540 by the end of Tuesday, as Apple is seeing it’s stock crawl back up. Gore still has the opportunity to buy as many as 59,000 more shares later on. Apple stock has been falling dramatically since the beginning of the year, losing more than $70 since it’s $200 high in December. Starting this Monday, Apple stock began to crawl back up, and made a reasonable spike of over $3.00 Thursday, closing at $135.36 as of this writing. Read [MacNN] Written by Adam Fisher-Cox for Appletell. | Permalink | Have something to say? Add a Comment! Section: Apple, Apple News

Jobs Reassures Investors in lieu of Unstable AAPL stock

In a letter obtained by AppleInsider, Steve Jobs urges investors to remain confident in the company, acknowledging the rapid slide in stock price of late. Jobs opened the letter by saying that the Apple stock has been “buffeted around by factors a lot larger than [it].” Jobs points out that among other tech companies, Apple has remained the strongest: “As you can see, we have outperformed many other blue-chip tech companies, including Google. I continue to believe that our fundamentals - our remarkable people, our clear and focused strategy, our new product pipeline, our 200+ retail stores, our $18 billion of cash in the bank with no debt, etc., will serve us well in the coming months and years.” In closing, Jobs told stockholders to “hang in there” and said he was confident that Apple stock would return to where it was and grow further. With 5.54 million shares of Apple, Steve Jobs is the second largest shareholder in Apple behind Fidelity Investments. Read [AppleInsider] Written by Adam Fisher-Cox for Appletell. | Permalink | Have something to say? Add a Comment! Section: Apple, Apple News, Steve Jobs

Apple stock drops despite jump in Q3 profit

Shares of Apple Inc. fell sharply as investors focused more on the company's cautious guidance for the current quarter than on the blockbuster Macintosh and iPod sales during the previous three-month period.

Apple Stock goes up, Garmin’s stocks down

Section: Apple, iPhone + Communications, iPhone SDK & AppsApple gained $4.02, or 2.2% to $185.63, the day after WWDC where they announced the 3G iPhone for half the price of the original cost. The iPhone is now price at only $199. They also demoed some location-based services for the iPhone, which may have hurt GPS device maker, Garmin. Garmin’s stock fell 2.85, or 5.8%, to $46.74, and may have been due to the iPhone’s new navigation features and the App Store. The iPhone SDK opens possibilities to these companies, or anyone, to create GPS applications on the iPhone. Garmin competitor TomTom has already jumped on board and created a navigation app for the iPhone that, “runs on the iPhone already.” Apple’s iPhone could hurt sales of car-based GPS devices in the long-run. Via [The Street] Full Story » | Written by Nicholas Montgomery for Appletell. | Comment on this Article »

Citigroup and Lehman up Apple predictions

Section: Apple, iPhone + Communications, iPhoneAfter the announcement of the 3G iPhone and subsequent price drop to $199, predictions for AAPL are looking up. Rich Gardner for Citigroup increased his predicted price point for AAPL to $287, up from $248.  “We remain aggressive buyers of Apple shares at current levels. Apple’s decision to move from a revenue share model to a traditional subsidy model for the 3G iPhone is a significant positive because Apple receives iPhone-related cash flow sooner.” Gardner also increased his 2009 profits by $1.5 billion, bringing his original estimate of $7.4 billion up to a sizable $8.9 billion. He upped his 2010 profits as well, albeit by less, bringing his estimates up to $10.2 billion from $9.3 billion. In more AAPL predictions news, the Lehman Group’s Ben Reitzes brought his prediction up $32, bringing it in at $243 from $202. Also included in the Lehman prediction was the thought that Apple will sell 27.3 million iPhones by the end of the 2009 fiscal year. These predictions are only two of a slew of increased predictions, with Needham saying that the demand for iPhones will be quadrupled by the end of 2008, and analysts from CSLA Emerging Markets predicting a huge 18 million phones sold by the end of 2008. Will Apple be able to meet these heightened demands? Will the analysts be right? For Steve’s sake, lets hope so. Via [AppleInsider] Full Story » | Written by Mark Rowland for Appletell. | Comment on this Article »

The 3G iPhone: Apple’s OTHER trojan horse

This is why I own Apple stock… [Maps courtesy of macblogz.com] Yeah, I took a little liberty with the June 29th worldwide iPhone date – most international carriers have simply announced deals to carry the iPhone, not firm release dates – but odds are it should not be more than a month or 2 after the US [...]SHARETHIS.addEntry({ title: "The 3G iPhone: Apple’s OTHER trojan horse", url: "http://macenstein.com/default/archives/1408" });