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Just a reminder to all whom are interested, Apples first conference call of 2006 will take place this Wednesday at 14:00PT which is 22:00GMT.
The call should bring some more details into the figures that Jobs presented last week in his Keynote.
Already a billionaire from owning stock in Pixar, Steve is set to receive another set of stocks from Apple.
“Jobs exchanged worthless options on a split-adjusted 55 million shares for 10 million shares of restricted stock three years ago. The shares, Jobs’s entire stake in Apple, vest in March. Right now, they are valued at $808.6 million,” Bloomberg News reports. ‘It’s a bargain,’ said Chuck Jones, a fund manager at Atlantic Trust Stein Roe in San Francisco. ‘I’d gladly pay him another $808.6 million to have him create another $65 billion in market cap.”
The FT is reporting today that “music downloading websites” saw a 50% rise on Christmas Day, supposedly down to hundreds of thousands of people unwrapping iPods and loading them with tunes. In particular Hitwise reckons that the iTunes Music Store saw a 50 percent rise between the 24th and the 25th.
Apple has been ranked among the winners in Forbes’ Platinum 400 list of Americas best big corporations, in particular these companies must have outperformed the S&P 500 over the previous 12 months. Apple was ranked 4th behind SanDisk, Holly, and Valero.
Apple will announce its financial results after market close on January 18 2006. The call will begin at 2PM PT and a audio webcast will be provided.
As of publishing this Apple’s share prices resides around $71.50, a drop of 4.64%. It looks like this sudden drop has occurred after an analyst said that Apple’s share valuation was above fair value.
The analysts downgraded Apple from “outperform” to “peer perform” and said, “reflects much of the near-term optimism and is 7% over our calendar 2006 year-end fair value.”
But the analyst is still encouraged by “emerging opportunities” for Apple.
Apple today named Tim Cook to be Chief Operating Officer. Tim was previosuly Worldwide Sales and Operations Vice President but will continue to work very closely with CEO Steve Jobs.
Apple today has announced its financial results for the fourth quarter of the fiscal year 2005 ending September 24, 2005. Apple posted revenue of $3.68 billion and a net quarterly profit of $430 million which is the highest revenue and earnings in the companies history.
After issues with its latest iPod and its biggest stock slide in month Merrill Lynch has changed Apple’s buy status from “Buy” to “Neutral”.
While they acknowledged that Apple’s growth has been “extraordinary” they feel that revenue will slow within the next 1-3 fiscal quarters and considers the current stock price to be fairly valued.
This downgrade is the first in many months, could this be a sign of a rough patch for Apple?
