Toni Sacconaghi News
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Apple Inc.’s quarterly profit is projected to shrink for the first time in a decade, hurt by products with lower profit margins and slower iPhone-sales growth.
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Apple Inc.’s slowing sales are rippling through a supplier network that has long benefited from the company’s ability to churn out iPhones and iPads.
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Apple Inc. dropped below $400 for the first time since December 2011 after one of its audio-chip suppliers, Cirrus Logic Inc., reported an inventory glut that suggests iPhone sales may fall short of analysts’ expectations.
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Hewlett-Packard Co. investors are exasperated with the company’s management and its shares lack an immediate reason to climb, Sanford C. Bernstein & Co. analyst Toni Sacconaghi said in a research report.
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Toni Sacconaghi, an analyst at Sanford C. Bernstein & Co. in New York, comments on the resignation of Steve Jobs as chief executive officer of Apple Inc. Sacconaghi spoke on Bloomberg Television.
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Apple Inc. ’s iPad, which commands about three-quarters of the market for tablet computers, has an edge over rivals because of the way the company sources components and sells the device, a report says.
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Intel Corp. and International Business Machines Corp., computer-industry bellwethers, posted the slowest sales growth in more than two years last quarter as the European slump weighed on orders.
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Apple Inc. should return some of its $45.8 billion in cash to investors in the form of dividends or share repurchases, Sanford C. Bernstein & Co. said.
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Apple Inc. Chief Executive Officer Tim Cook, saying he’s in “very, very active” talks about what to do with the company’s growing cash pile, did little to assuage investors seeking more clarity on his plans.
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Apple Inc. is so flush with cash that it’s time for the company to start paying dividends and buying back stock, according to Toni Sacconaghi, a Sanford C. Bernstein & Co. analyst.
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