May 24, 2013
Re "Apple execs grilled over tax strategy," Business, May 22 Unbelievable, stunning, incredible that members of Congress have the audacity to bring the chief executive of one of the most successful companies this country has ever seen to grill him on Apple Inc.'s tax strategy (which, by the way, is perfectly legal) so they can try to wring more money out of him. Apple paid $6 billion in taxes last year; isn't that enough? Forcing Chief Executive Tim Cook to respond to legislators who have been on the public dole much of their lives and haven't done much in the way of intellectual innovation (or even fixing this country economically)
April 23, 2014 |
Talk of Silicon Valley losing steam was put on hold as two technology titans, Apple Inc. and Facebook Inc., tallied better-than-expected quarterly earnings and revenue. Apple's stock climbed more than 7% in after-hours trading after it reported that sales of iPhones blew past Wall Street's projections. Facebook's shares spiked 4% after it said ad revenue rose 82% year over year. Although many tech stocks slid in recent weeks, the robust financial results demonstrated that, at least for now, the underlying businesses of these two leading companies remain strong.
November 21, 2013 |
A federal jury Thursday ordered Samsung Electronics Co. to pay $290 million in damages to Apple Inc. in the latest round of the two adversaries' ongoing litigation over mobile patents. In U.S. District Court in San Jose, an eight-person jury handed down its decision after a weeklong retrial of a case heard last year in the same court. In 2012, a jury awarded Apple $1.05 billion, agreeing with the company's claims that Samsung's products had...
February 27, 2007 |
Apple Inc. said it delayed the launch of its Apple TV video-streaming product until March, but the company would not explain why. The Cupertino, Calif., company had said in January that the $299 set-top box would be available this month. Apple TV is designed to move digital content from a user's computer to their TV set and is anticipated to be a highly competitive product in the growing crop of offerings that deliver Internet-based videos to the television.
October 28, 2013 |
Apple Inc. announced earnings largely in line with Wall Street's expectations as sales of iPhones climbed while the iPad remained flat. The company reported revenue in the fourth quarter of its 2013 fiscal year of $37.5 billion, up from $35.97 billion a year earlier. That number topped analysts' estimates of $36.84 billion and Apple's own guidance from last month of around $37 billion. "We're pleased to report a strong finish to an amazing year with record fourth-quarter revenue, including sales of almost 34 million iPhones," said Tim Cook, Apple's chief executive, in a new s release.
November 20, 2007 |
Apple Inc. won dismissal of a lawsuit claiming company directors and managers including Chief Executive Steve Jobs lied to shareholders about how they backdated option awards to maximize their personal profit. U.S. District Judge Jeremy Fogel in San Jose dismissed the suit because it was based on alleged false statements made about the awards more than three years before the case was filed, according to his order.