apple inc (AAPL) Key Developments
Best Buy to Sell Apple Watches on August 7, 2015
Jul 28 15
Best Buy announced that it will begin selling the Apple Watch on Aug. 7, 2015 the national retailer outside of Apple’s own stores to sell the smartwatch. It will initially be available in more than 100 stores and on BestBuy.com. An additional 200 stores will have it in time for the holidays. Best Buy said it will carry the Apple Watch Sport and Apple Watch models, plus accessories. The release did not specify pricing.
Nike Inc. and Apple Inc. to Settle FuelBand Lawsuit
Jul 27 15
Nike Inc. and Apple Inc. have agreed to settle a class action settlement regarding the FuelBand device. The companies will pay owners of the fitness band $25 after plaintiffs alleged they violated consumer protection laws. Those seeking to cash in can do so in the form of a $25 Nike gift card or a $15 check. Claims can't be filed after Jan. 4, 2016. Nike and Apple deny the claims against the companies.
Apple Inc. Announces Consolidated Unaudited Earnings Result for the Third Quarter and Nine Months Ended June 27, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015
Jul 21 15
Apple Inc. announced consolidated unaudited earnings result for the third quarter and nine months ended June 27, 2015. For the quarter, the company reported net sales of $49,605 million against $37,432 million a year ago. Operating income was $14,083 million against $10,282 million a year ago. Income before provision for income taxes was $14,473 million against $10,484 million a year ago. Net income was $10,677 million against $7,748 million a year ago. Earnings per diluted share were $1.85 against $1.28 a year ago.
For the nine months, the company reported net sales of $182,214 million against $140,672 million a year ago. Operating income was $56,607 million against $41,338 million a year ago. Income before provision for income taxes was $57,453 million against $42,011 million a year ago. Net income was $42,270 million against $31,043 million a year ago. Earnings per diluted share were $7.25 against $5.03 a year ago. Cash generated by operating activities was $67,791 million against $46,463 million a year ago. Payments for acquisition of property, plant and equipment was $7,629 million against $5,745 million a year ago. Payments for acquisition of intangible assets were $201 million against $216 million a year ago.
The company provided the following guidance for its fiscal 2015 fourth quarter, revenue is to be between from $49 billion to $51 billion, gross margin is to be between from 38.5% to 39.5% and tax rate is to be 26.3%.
Apple Inc. Declares Dividend Payable on August 13, 2015
Jul 21 15
Apple's board of directors has declared a cash dividend of $0.52 per share of the company's common stock. The dividend is payable on August 13, 2015, to shareholders of record as of the close of business on August 10, 2015.
Apple Inc. to Report Q3, 2015 Results on Jul 21, 2015
Jul 20 15
Apple Inc. announced that they will report Q3, 2015 results on Jul 21, 2015