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Apple Inc (AAPL.OQ)

AAPL.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Qualcomm Reports Q3 Non-GAAP Revenues Of $4.9 Bln
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Qualcomm Inc ::QTRLY GAAP REVENUES $9.6 BILLION, NON-GAAP REVENUES $4.9 BILLION.Q3 EARNINGS PER SHARE VIEW $0.75, REVENUE VIEW $5.08 BILLION -- REFINITIV IBES DATA.QTL REVENUES IN Q2, Q3 2019 EACH INCLUDED $150 MILLION ROYALTIES DUE UNDER INTERIM AGREEMENT WITH HUAWEI.SEES Q4 QTL REVENUES $1.0 BILLION - $1.2 BILLION.QTL RESULTS FOR Q3 FISCAL 2019 INCLUDED ROYALTIES FROM APPLE AND ITS CONTRACT MANUFACTURERS FOR SALES MADE IN THE JUNE 2019 QUARTER.SEES Q4 MSM CHIP SHIPMENTS 140 MILLION - 160 MILLION.Q3 GAAP RESULTS INCLUDED $4.7 BILLION OF REVENUES, OR $3.23/SHARE, RESULTING FROM SETTLEMENT AGREEMENTS WITH APPLE, ITS CONTRACT MANUFACTURERS.Q3 FISCAL 2019 INCLUDED $275 MILLION CHARGE, OR $0.22 PER SHARE, FOR FINE IMPOSED BY EUROPEAN COMMISSION IN JULY 2019.GUIDANCE FOR Q4 OF FISCAL 2019 EXCLUDES QTL REVENUES FOR ROYALTIES DUE ON SALES OF PRODUCTS BY HUAWEI.Q3 GAAP RESULTS INCLUDED $2.5 BILLION TAX EXPENSE DUE TO THE WRITE-OFF OF DEFERRED TAX ASSET AS A RESULT OF AN AGREEMENT WITH THE IRS.SEES Q4 GAAP EPS $0.38 TO $0.48.SEES Q4 NON-GAAP EPS $0.65 TO $0.75.SEES Q4 REVENUE $4.3 BILLION TO $5.1 BILLION.SECOND INTERIM AGREEMENT WITH HUAWEI CONCLUDED IN Q3 2019, ALTHOUGH NEGOTIATIONS CONTINUE, CO HAS NOT REACHED FINAL AGREEMENT WITH HUAWEI.5G DESIGN WINS HAVE DOUBLED OVER THE LAST THREE MONTHS.Q4 EARNINGS PER SHARE VIEW $1.08, REVENUE VIEW $5.63 BILLION -- REFINITIV IBES DATA.  Full Article

Apple Reports Qtrly Earnings Per Share Of $2.18
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Apple Inc ::QTRLY EARNINGS PER SHARE $2.18.QTRLY REVENUE $53.81 BILLION, UP 1%.Q3 EARNINGS PER SHARE VIEW $2.10, REVENUE VIEW $53.39 BILLION -- REFINITIV IBES DATA.INTERNATIONAL SALES ACCOUNTED FOR 59% OF QUARTER'S REVENUE.SEES Q4 REVENUE BETWEEN $61 BILLION AND $64 BILLION.SEES Q4 OPERATING EXPENSES BETWEEN $8.7 BILLION AND $8.8 BILLION.SEES Q4 GROSS MARGIN BETWEEN 37.5% AND 38.5%.Q4 REVENUE VIEW $61.02 BILLION -- REFINITIV IBES DATA.SAYS BOARD DECLARED CASH DIVIDEND OF $0.77 PER COMMON SHARE.QTRLY IPHONE NET SALES $25.99 BILLION VERSUS $29.47 BILLION.QTRLY GREATER CHINA NET SALES $9.16 BILLION VERSUS $9.55 BILLION.QTRLY MAC NET SALES $5.82 BILLION VERSUS $5.26 BILLION.QTRLY SERVICES NET SALES $11.46 BILLION VERSUS $10.17 BILLION.QTRLY WEARABLES, HOME AND ACCESSORIES NET SALES $5.53 BILLION VERSUS $3.73 BILLION.QTRLY IPAD NET SALES $5.02 BILLION VERSUS $4.63 BILLION.  Full Article

Intel Reports Q2 GAAP EPS Of $0.92
Thursday, 25 Jul 2019 

July 25 (Reuters) - Intel Corp ::Q2 EARNINGS-PER-SHARE (EPS) EXCEEDED APRIL GUIDANCE. GAAP EPS OF $0.92 DECLINED 12 PERCENT YOY; NON-GAAP EPS OF $1.06 WAS UP 2 PERCENT.SEES Q3 REVENUE ABOUT $18.0 BILLION.RAISING FULL-YEAR REVENUE OUTLOOK TO $69.5 BILLION, UP $500 MILLION FROM APRIL GUIDANCE.EXPECTING FULL-YEAR GAAP EPS OF $4.10 AND RAISING FULL-YEAR NON-GAAP EPS OUTLOOK TO $4.40.SEES Q3 NON-GAAP OPERATING MARGIN ABOUT 35%.SEES Q3 GAAP EARNINGS PER SHARE ABOUT $1.16.SEES FY NON-GAAP OPERATING MARGIN ABOUT 32%.SEES Q3 NON-GAAP EARNINGS PER SHARE ABOUT $1.24.UPON APPLE DEAL CLOSE, EXPECT A GAIN ON DIVESTITURE OF ABOUT $500 MILLION NET OF TAX.  Full Article

Apple To Acquire Majority Of Intel's Smartphone Modem Business for $1 Bln
Thursday, 25 Jul 2019 

July 25 (Reuters) - Apple Inc ::APPLE TO ACQUIRE THE MAJORITY OF INTEL'S SMARTPHONE MODEM BUSINESS.APPLE SAYS TRANSACTION VALUED AT $1 BILLION.APPLE SAYS ABOUT 2,200 INTEL EMPLOYEES WILL JOIN APPLE, ALONG WITH INTELLECTUAL PROPERTY, EQUIPMENT, LEASES.APPLE - COMBINING ACQUIRED PATENTS FOR CURRENT & FUTURE WIRELESS TECHNOLOGY WITH CO'S PORTFOLIO, APPLE TO HOLD OVER 17,000 WIRELESS TECHNOLOGY PATENTS.APPLE - INTEL TO RETAIN ABILITY TO DEVELOP MODEMS FOR NON-SMARTPHONE APPLICATIONS, SUCH AS PCS, INTERNET-OF-THINGS DEVICES, AUTONOMOUS VEHICLES.APPLE - INTEL'S BOB SWAN SAYS "WE'RE LOOKING FORWARD TO PUTTING OUR FULL EFFORT INTO 5G".  Full Article

U.S. Justice Dept To Open Broad, New Antitrust Review Of Big Tech Cos- WSJ
Tuesday, 23 Jul 2019 

July 23 (Reuters) - :JUSTICE DEPARTMENT TO OPEN BROAD, NEW ANTITRUST REVIEW OF BIG TECH COMPANIES - WSJ.U.S. JUSTICE DEPARTMENT OPENING BROAD ANTITRUST REVIEW INTO WHETHER DOMINANT TECH FIRMS ARE UNLAWFULLY STIFLING COMPETITION - WSJ, CITING DEPARTMENT OFFICIALS.  Full Article

U.S. CPSC Says Apple Recalls About 432,000 15-Inch Macbook Pro Laptop Computers Due To Fire Hazard
Thursday, 27 Jun 2019 

June 27 (Reuters) - :U.S. CONSUMER PRODUCT SAFETY COMMISSION SAYS APPLE RECALLS ABOUT 432,000 15-INCH MACBOOK PRO LAPTOP COMPUTERS DUE TO FIRE HAZARD.  Full Article

Fitch says Big Tech Antitrust Regulatory Risk Rises
Monday, 24 Jun 2019 

June 24 (Reuters) - Fitch::FITCH - WOULD NOT EXPECT FORCED DIVESTITURE TO DILUTE FACEBOOK'S BRAND IN NEAR TERM BUT ITS GROWTH PROSPECTS,MARKET POSITION COULD EVENTUALLY BE IMPAIRED.FITCH SAYS ANTITRUST RISK MAY BE RELATIVELY LESS SIGNIFICANT FOR AMAZON.FITCH ON BIG TECH - IMPOSITION OF MAJOR STRUCTURAL CHANGES COULD BE DISRUPTIVE BUT STRONG CASH FLOW, LOW DEBT SHOULD LIMIT CREDIT RISK IN NEAR TERM.FITCH ON BIG TECH - FORMAL FTC/DOJ PROBES COULD POTENTIALLY LEAD TO HEFTY FINES, NEW LAWS LIMITING REACH OF FIRMS, OR, IN EXTREME, FORCED DIVESTITURES.FITCH - LARGE SCALE USAGE OF FACEBOOK, AMAZON, APPLE, GOOGLE PLATFORMS BENEFITTING THE TECH COS, CONTRIBUTING TO RISK OF INCREASED ANTI-TRUST REGULATION.FITCH ON FACEBOOK - RENEWED SCRUTINY ABOUT 2012 PURCHASE OF INSTAGRAM ALSO RAISES RISK FTC COULD REVERSE PRIOR APPROVAL OF ACQUISITION.FITCH SAYS APPLE COULD ALSO FACE SIGNIFICANT ANTITRUST RISK, DESPITE MORE LIMITED MARKET SHARE VIS-A-VIS OTHER BIG TECH COMPANIES, DUE TO ITS APP STORE.FITCH SAYS BELIEVE APPLE'S APP STORE COULD BE PAINTED WITH SAME BRUSH AS MICROSOFT IN UNITED STATES V. MICROSOFT CASE.  Full Article

Qualcomm Faces Another European Union Antitrust Fine For Thwarting Rival Suppliers To Apple- Bloomberg
Monday, 24 Jun 2019 

June 24 (Reuters) - :QUALCOMM FACES ANOTHER EUROPEAN UNION ANTITRUST FINE FOR THWARTING RIVAL SUPPLIERS TO APPLE INC- BLOOMBERG.QUALCOMM MAY BE FINED AS SOON AS NEXT MONTH- BLOOMBERG, CITING SOURCES.  Full Article

Postmates Hires Apple's Ken Kocienda As Principal Software Engineer
Thursday, 6 Jun 2019 

June 6 (Reuters) - Postmates::POSTMATES HIRES APPLE'S KEN KOCIENDA AS PRINCIPAL SOFTWARE ENGINEER FOCUSING ON HUMAN-MACHINE INTERACTION.POSTMATES SAYS HIRED KEN KOCIENDA AS PRINCIPAL SOFTWARE ENGINEER; KOCIENDA WAS PREVIOUSLY AT APPLE.  Full Article

Apple Recalls Three-Prong Wall Plug Adapters Included In World Travel Adapter Kit
Wednesday, 5 Jun 2019 

June 5 (Reuters) - U.S. CONSUMER PRODUCT SAFETY COMMISSION: :U.S. CONSUMER PRODUCT SAFETY COMMISSION - APPLE RECALLS THREE-PRONG WALL PLUG ADAPTERS INCLUDED IN WORLD TRAVEL ADAPTER KIT DUE TO ELECTRIC SHOCK RISK.U.S. CONSUMER PRODUCT SAFETY COMMISSION - APPLE HAS RECALLED ABOUT 814,000 UNITS OF THREE-PRONG WALL PLUG ADAPTERS.U.S. CONSUMER PRODUCT SAFETY COMMISSION - APPLE RECEIVED 6 REPORTS FROM OTHER COUNTRIES OF WALL PLUG ADAPTERS BREAKING & CONSUMERS RECEIVING SHOCKS.  Full Article

UPDATE 4-Dutch fintech Adyen's founders selling 15% of their stakes

* Shares close 5% lower (Updates after company says founders to sell part of stakes)