MacBlogz – One Stop Apple News - Bridging the Apple Community and Keeping Tabs on the Rumor Mill.

Apple Stands Firm On CEO Steve Jobs’ Return In June

Apple’s annual shareholder meeting was relatively quiet. Aside from the by-the-book motives of some parties who grilled Apple execs about Steve Jobs, no journalists or reporters were allowed to directly relay information to the press, and as usual Apple did not release a transcript.
Macworld notes that one of the first questions asked at Wednesday’s annual [...]

Apple Shareholders Re-elect Board, Vote Proposals Down [U]

Even though many shareholders and investors felt downright lied to throughout the ongoing Steve Jobs health issues, the company’s shareholders have re-elected the same board of directors and voted down proposals they felt unnecessary.
Acting on relatively firm confidence and guidance from the board itself, Apple’s board of directors was re-elected including CEO Steve Jobs, Former [...]

Annual Apple Shareholders Meeting, Proxy Statement Made Available

Ahead of Apple’s 2009 Annual Meeting of Shareholders, we have made available the official proxy statement, as well as the company’s annual 10k report.
Questions about Apple CEO Steve Jobs are to be expected, and above all else, expect Apple to tiptoe around the subject. Ever since it was reported that the SEC was launching an [...]

Slow January for Mac and iPod, Sales Dip up to 14%

Not completely immune from the global financial crisis, new market data from research firm NPD group shows Apple’s slowing sales in the month of January, when compared to the same time last year.
NPD’s data explains that in when compared to last January, Mac unit sales were down 6%, while even less iPod units were [...]

Apple Stays Resilient In a Turbulent Financial Environment

In an extremely turbulent financial market, Apple’s fundamental business remains resilient. The company has positioned itself to withstand the current economic recession better than many of its competitors, and has continued to deliver promising numbers.
In a tough economy where headlines have been dominated by layoffs, cuts and downsizing, Apple has remained focused on securing its [...]

A Perfect Example of How Steve Jobs’ Health Issues Are Exploited

Since we first launched MacBlogz there there hasn’t been a shortage of Steve Jobs health concern stories. The latest however, sheds a bright light on how the media and our culture is exploiting the information, digging deeper into Jobs’ private life and ignoring his specific requests.

On nothing more than a drunken source, the Silicon Valley [...]

Apple Shares Bounce Back on Record Breaking Quarter

Apple shares are bouncing back in after hours trading today, after taking a hefty beating on shaky news related to CEO Steve Jobs’ health. News delivered from Apple in the Q1 2009 Financial Earnings Call has revealed another record breaking quarter for the company.
As the specific numbers state, Apple’s iPod has become an incredibly well [...]

Apple Posts Record Quarter, $1.6 Billion Profit for Q1 2009

Apple has posted some record numbers pertaining to first quarter revenue in 2009. Most notably, 22,727,000 iPods were shipped making this is the company’s most successful quarter ever recorded.
For the fiscal quarter, which ended December 27, 2008, Apple specifically posted record breaking numbers making it the most successful quarter in the company’s history, in terms [...]

Reminder: Apple Announcing Q1-2009 Financial Results

Apple’s 1st quarter-2009 Financial Results Conference Call will begin Wednesday, January 21, at 2:00pm PT/5:00pm ET. If you are planning on listening to the webcast, please make sure you have QuickTime installed before the event begins.

Please note that comments made during this call may include forward-looking statements that are subject to risks and uncertainties, and [...]

Apple Market Data: Mac and iPod On the Rise, iPhone Sales Slow

Reports regarding Apple’s overall sales have been making the rounds today. Morgan Stanley is issuing reports that iPhone sales have dropped significantly in the 4th quarter, while Piper Jaffray analyst Gene Munster reports healthy rises in nearly everything but the iPhone.
According to a new survey published by Morgan Stanley, Apple sold 1.75 million iPhone in [...]

Apple’s Q1 Performance Projected to Beat Guidance

Despite the fact that Apple may not do as well as previously thought, UBS and Kaufman Bros. analysts maintain that the company can still perform above guidance for the first fiscal quarter.
MacNN reports that Kaufman Bros., who had once estimated revenue to hit the $10 billion mark, are now expecting $9.76 billion with [...]

Apple and CEO Steve Jobs Entangled in Endless Speculation

After dropping a bombshell on the technology industry, Apple and CEO Steve Jobs have been entangled in endless speculation from all angles. Unfortunately, the way Apple is handling the situation is feeding into the negative spin being put on it by the media.

“As an Apple fan, I only want to see Steve come back for [...]

Analysts Maintain Strong Buy Ratings for Apple (AAPL) Stock

Apple stock (AAPL) has seen its most significant growth this month following JPMorgan Chase & Co.’s lifted profit estimates for 2009 and 2010 attributed to accelerating notebook sales.

Bloomberg reports that San Francisco-based JPMorgan analyst, Mark Moskowitz, has noted that Apple’s opportunity to increase their notebook market share is something that “warrants increased attention.”  He then [...]

How Apple Could Spend Its $25 Billion Cash

Apple has many options for its growing war chest. One thing is for certain: as economic uncertainty grows and credit dries up, having a large cash reserve is a benefit to the Cupertino company.
Apple CEO Steve Jobs said last month:
“…we have almost $25 billion safely in the bank and zero debt. This provides us [...]

Will Apple (AAPL) Hit $60? Brace Yourself If It Does

Yesterday, Apple (AAPL) coasted through a late day crash before closing at $80.85. The lowest numbers the company has seen since 2006, pre-iPhone.
The major concern for most people here is that the stock so easily sailed down to $80 per share. After hovering around the mid-eighties for a while, and a few nice rallies thrown [...]

Apple (AAPL) Shares Get Slammed As Market Plunges

Shares of Apple Inc (AAPL) closed at their lowest price since December 2006. While some may see this as a buying opportunity, the company has shed well over 50% off of their market cap since hitting all time highs above $200 per share.
Apple shares are down nearly 60% for the year. These are staggering numbers [...]

New Apple Notebooks Boost Mac Sales By 28%

Apple’s latest line of notebook computers has helped the company stay ahead of the pack, while Mac sales grew by 25% when compared to this time last year.
Gene Munster, a long time Apple analyst for Piper Jaffray, relayed some data by market research firm NPD Group, in a note to clients. As AppleInsider explains, Munster [...]

BMO: Apple Will Sell 26 Million iPhones in 2010, ‘09 Will Be Tough

Wall Street has spoken up again regarding Apple and projected iPhone sales and performance through the next 24 months. BMO Capital’s Keith Bachman has cut his unit forecast for the last quarter in 2008, while reducing his earnings estimates through 2010.
It’s not surprising that the next 16-18 months may be especially tough, not only [...]

Apple’s Gulfstream Jet Bill Last Quarter: $189,000

Every once in a while a report comes in about how much Apple CEO Steve Jobs has spent on fueling up his Gulfstream jet and flying around the world. Last quarter’s bill was $189,000. Not that much when compared to $550,000 in air travel expenses during the December quarter.
Whether you choose to believe the speculation [...]

Apple Is The Best Run Company In America

In a time of vast economic downturn and financial instability, not many companies are able to shake-up management, launch high-end technology products, and position themselves as a leader both on, and off Wall Street. With CEO Steve Jobs at the helm, Apple has officially set itself apart from the rest of the floundering tech industry, [...]