AAPL stock opens up >5% after company reports record revenue, beats analyst expectations

Last night, Apple reported all-time record earnings with revenue topping $78.4 billion, beating analysts consensus. The stock market investors appear to be pleased with Apple’s results; AAPL stock opened up more than 5%.

The company reported sales of 78.3 million iPhones, 13 million iPads and 5.3 million Macs. Spiking at over $127 this morning, Apple stock is once again close to its all-time high of $135 after rallying following Trump’s presidential victory.

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Filed under: Apple

Apple AirPods silently receive bug fix firmware update to version 3.5.1

Apple has silently updated the Apple AirPods firmware to version 3.5.1, from 3.3.1, earlier today. The AirPods automatically update to the latest software when the earbuds are charging in the AirPods Case and close to a paired device. The new firmware does not appear to contain any new front-facing features.

There is no onscreen alert or notification that an update has taken place. You can however verify if your AirPods are up-to-date by checking the AirPods firmware version number in Settings on an iPhone …

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Tim Cook: Hundreds of Apple employees affected by immigration ban, company considering legal action

Tim Cook has told the WSJ that hundreds of the company’s employees have been affected by Trump’s executive order on immigration, and says that Apple is considering taking legal action. He also said that the company would be supporting employee fundraising efforts for organizations providing relief to refugees.

Cook said that he hopes that the White House can be persuaded to rescind the order, but that the company may resort to the courts if not …

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Tim Cook says he’s open to settling Qualcomm lawsuit, but expects a lengthy legal battle

One of the more pressing questions during Apple’s earning call earlier this afternoon centered on the company’s current litigation battle with Qualcomm. Toni Sacconaghi of Bernstein pressed Tim Cook for comments on Apple’s decision to sue Qualcomm, bringing up a past instance of Cook saying that he hated litigation:

“I’ve always hated litigation, and I continue to hate it, and I highly prefer to settle versus battle.”

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Tim Cook says more features planned for Apple TV, notes of ‘cable bundle beginning to break down’

We just offered up a full breakdown of everything Apple CEO Tim Cook and CFO Luca Maestri had to say during the company’s Q1 2017 earnings call and there are a few things worthy of mention on their own.

Perhaps most notably, Tim Cook offered up more details on Apple’s plans for original content and the Apple TV, noting that thus far, the company has only dipped its toe in the water…

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Filed under: Apple