Just like that
Maybe it's Tim Cook sitting on the buy button and buying shares on the open market? Seriously though, there were a couple pieces of smallish news that could be contributing to Apple outperforming thus far this morning.
One was an obscure but important piece of news that Samsung and Apple have settled one of their many disputes and Samsung is getting ready to pay Apple $548 million by December 14, 2015.
The following is from Fosspatents.com:
"Last month, the United States Court of Appeals for the Federal Circuit denied Samsung's petition for an en banc rehearing on the question of whether Apple could enforce payments involving (among other things) a patent--the '915 pinch-to-zoom API patent--that the USPTO has held invalid. The en banc petition looked like Samsung might further appeal this matter to the Supreme Court. But on Thursday afternoon local California time, Apple and Samsung filed a joint case management statement with the United States District Court for the Northern District of California, in which Samsung says it has "has made arrangements to complete payment to Apple." It is now waiting for Apple's original invoice, and if that payment arrives before the weekend by Korean time, it will send $548 million to Apple by December 14".
Yes, half a billion dollars and change is peanuts to Apple but it's one monkey off the company's back for now.
Second is a somewhat smallish note in the
He says in his report that ADI shipments to Apple were up 13% in FY15 versus his estimates of 8%. So, extrapolating, he says that ADI's non-Apple business is not doing as well as he expected and thus his downgrade.
On the flip side, that would mean that ADI did a lot more business with Apple than the Barclays analyst was expecting which would be a positive for Apple.
ADI's poison is Apple's nectar, I guess.
(Long aapl shares and calls, short weeklies)
