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Last $112.34 USD
Change Today +4.62 / 4.29%
Volume 61.9M
AAPL On Other Exchanges
Symbol
Exchange
Mexico
NASDAQ GS
Xetra
Sao Paulo
Bogota
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

apple inc (AAPL) Key Developments

Virgin Megastore Opens Apple Shop in Saudi Arabia at Red Sea Mall Store in Jeddah

Virgin Megastore announced the opening of the big Apple Shop in Saudi Arabia at its Red Sea Mall store in Jeddah. The new 1,900 sqm Apple Shop has a contemporary design in line with Apple guidelines but also appealing to consumers with modern lifestyles and passion about technological innovations and novelties particularly with the blue chip label of Apple.

Apple to Open First Belgian Store

The first Apple Store in Belgium will open 19 September. The 1,500-square-metre shop will be in the new Toison d'Or complex on the boulevard of the same name in Brussels. Apple is reportedly also considering opening shops in Antwerp and Ghent.

Apple to Open Dubai Store After Obtaining Ownership Dispensation

Apple is planning to open stores in Dubai and Abu Dhabi after being granted an exemption from foreign ownership laws in the United Arab Emirates. The company will be able to own 100% of operations in the country and the dispensation was a condition for it to set up in the UAE. The company plans to open its first Middle East store in Dubai this year and then in Abu Dhabi.

Primary Health Care To Sell Non Core Assets

Primary Health Care Limited (ASX:PRY) is selling down non-core assets. Primary Health will sell property it owns at Sydney's Barangaroo site. Chief Executive Officer, Peter Gregg is also in talks with strategic partners from technology giants including Google Inc. (NasdaqGS:GOOGL), Apple Inc. (NasdaqGS:AAPL)and Telstra Corporation Limited (ASX:TLS) about potential backing a spin-off of its Medical Director software business from Primary Health Care, although he is hopeful of retaining a stake in the business.

Judge Rejects Class Action Suit against Apple's iMessage

A judge on August 4, 2015 ruled in favour of Apple in a lawsuit brought by a former iPhone user who claimed the company's messaging system interfered with delivery of texts after she switched to an Android-based smartphone. According to plaintiff Adrienne Moore, who filed a complaint in San Jose, California, Apple's iMessage retained text messages sent from other users of Apple devices and would not deliver them on her Samsung phone running on Google's Android operating system. US district judge Lucy H Koh ruled the case could not proceed as a group lawsuit as it was not clear enough that all proposed members of the suit suffered an inconvenience due to any ''contractual breach or interference'' stemming from the iMessage system. Even if Moore was correct in arguing iMessage had ''systematic flaws that could result in the disruption of text messaging services, that determination failed to assist the court in determining whether iMessage actually caused the proposed class members to suffer any interference. According to the lawsuit, customers who replaced their Apple Devices with non-Apple wireless phones and tablets were ''penalised and unable to obtain the full benefits of their wireless-service contracts”.

 

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Amazon.com Inc $510.55 USD +14.01
China Mobile Ltd $91.75 HKD -1.00
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Microsoft Corp $43.36 USD +1.54
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Industry Analysis

AAPL

Industry Average

Valuation AAPL Industry Range
Price/Earnings 12.5x
Price/Sales 2.8x
Price/Book 4.9x
Price/Cash Flow 12.1x
TEV/Sales 2.3x
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