Author: Chris Ciaccia

Apple’s cash hoard is legendary. It has more than $141 billion in cash and marketable securities, the largest of any technology company in the world. While a good chunk of that cash will benefit shareholders thanks to dividends and buybacks, Apple’s board may want to seriously think about acquiring some companies, both public and non-public, in order to keep the innovation engine humming.

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Facebook is now firmly entrenched as a mobile company, with 30% of total advertising revenue coming from mobile. Mobile is the key front for Facebook now and for the foreseeable future, as users continue to spend the majority of their time on phones and tablets. Mobile monthly active users (MAU) grew to 751 million in the first quarter, with total daily active users (DAUs) reaching 1.1 billion. UBS analyst Eric Sheridan noted that mobile advertising revenue was above his estimates at $374 million, and he expects to see continued growth as more users, and more ads go online.

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Apple’s second quarter wasn’t nearly as bad as the bears on Wall Street thought it would be. In fact, the company actually beat estimates, even though there were some notably bearish analysts and traders on Wall Street. Despite that, Apple’s results, guidance and future are as confusing as ever, with something for both the bulls and bears alike.

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