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BUSINESS
March 4, 2013 | By Chris O'Brien
Apple's stock price continued its fall Monday, dragging the company's market value below $400 billion for the first time since January 2012.  In midday trading, Apple's stock was down $7.52, or 1.75%, to $422.95. That put its market capitalization at $397.54 billion. It also cost Apple the title of "world's most valuable company," losing it to Exxon Mobil Corp., which had a value of $ 399.69 billion in midday trading. QUIZ: Test your Apple knowledge Apple is on the verge of crashing through another low. On Jan. 24, 2012, Apple's stock closed at $420.41 per share, just before the company reported blowout earnings that sent its stock soaring to $ 446.66.  That momentum carried the stock through the year, on its way to peaking at $702.10 in September.
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BUSINESS
January 19, 2011 | By Jessica Guynn and Tiffany Hsu, Los Angeles Times
Apple found a way to divert attention from Chief Executive Steve Jobs' health Tuesday ? a blowout $6 billion in profit. A day after Jobs stunned investors and employees alike by announcing he was taking medical leave for the third time in seven years, Apple Inc. crushed analysts' estimates with record first-quarter revenue and earnings. The company's stock rallied on the report, buoyed by impressive sales of iPhones, iPads and a pipeline of consumer gadgets. Shares fell a less-than-anticipated 2.2% to $340.
BUSINESS
January 24, 2013 | By Andrew Tangel
As Apple's luster dims on Wall Street, the tech giant's stock is becoming cheaper and cheaper. By at least one measure, Apple's stock is becoming a bargain. Its price-to-earnings ratio, a shorthand measure of value for stocks, has fallen well below the average of the broad Standard & Poor's 500 index. “The P/E is extremely low,” said Howard Silverblatt, senior index analyst for S&P Dow Jones Indices. As Apple's stock falls 10%, to $461.46, in early trading following Wednesday's disappointing earnings report, its P/E ratio -- based on the previous 12 months of earnings -- is down to 10.5.
BUSINESS
March 22, 2012 | By Deborah Netburn
Are you struggling with a multiremote system at home? Do you wish you could control your television, DVR and DVD player with one single remote that wouldn't be a pain to program? Do you think that remote should be your iPhone? Then get psyched: On Thursday Patently Apple turned up a patent filed by Apple that shows the company is hard at work designing the remote control of your dreams. Apple's patent, which the company filed in the third quarter of 2010, would allow you to take a picture of an existing piece of electronic equipment - your television for example, and send it to the iCloud, where Apple would determine the type of device you want to control as well as the make and the model of that device.
BUSINESS
February 5, 2013 | By Chris O'Brien
We would be remiss in our coverage of the Dell deal today if we did not point out some of the delicious ironies and coincidences contained therein. Let us flash back first to 1997. It's Aug. 6, at the Macworld conference in Boston. Apple's interim chief executive, Steve Jobs, takes the stage to make a stunning announcement . Rival Microsoft has thrown Apple a lifeline by agreeing to invest $150 million to keep the company afloat. As the announcement is made, a gigantic image of Microsoft CEO Bill Gates appears on a video screen behind Jobs, as the audience gasps.  QUIZ: Test your Apple knowledge "We have to let go of a few notions here," Jobs said that day. "We have to let go of the notion that for Apple to win, Microsoft needs to lose.
BUSINESS
September 29, 2012 | By Salvador Rodriguez
As worldwide attention focuses on Apple's problem-riddled Maps app, another Apple miscue is about to be quietly put to rest. This month, Apple's iTunes music social network -- Ping -- began displaying a sign notifying users that the network was no longer accepting new users and will shut down Sunday. Ping's closing comes as little surprise. Apple plans to update iTunes next month and will integrate it with Facebook and Twitter, letting users "Like" and share songs, apps and other pieces of content.
BUSINESS
October 31, 2012 | By Salvador Rodriguez
The latest version of Apple's music player, iTunes 11, which was expected this month, won't be available until the end of November, the company said. The update is to add several features, change some portions of iTunes' design and, most important, better integrate it with iCloud, the Cupertino-based company's cloud-computing service. But Apple failed to meet its late-October deadline for the update, telling CNET this week that it hopes to release iTunes 11 next month. "The new iTunes is taking longer than expected, and we wanted to take a little extra time to get it right," Apple spokesman Tom Neumayr told CNET . "We look forward to releasing this new version of iTunes with its dramatically simpler and cleaner interface, and seamless integration with iCloud, before the end of November.
BUSINESS
December 12, 2012 | By Salvador Rodriguez
Apple iTV rumors are getting back into full swing following a report saying the company is checking out several designs for a high-resolution television set. The Cupertino-based tech company is sharing the designs with some of its suppliers, including Foxconn, which puts together the iPhone, and Sharp, the Wall Street Journal reported. "It isn't a formal project yet. It is still in the early stage of testing," one of the report's unnamed sources said. PHOTOS: Top 10 tech products of 2012 According to the report, Apple has been testing television prototypes for a number of years, but has finally begun expanding its tests to include its supply chain partners.
BUSINESS
September 11, 2012 | By Salvador Rodriguez
After many months of waiting and speculating, we're finally on the eve of what could be Apple's announcement of the iPhone 5. But what exactly will the phone include? And is the iPhone 5 the only thing Apple will announce? You can never be too sure with Apple, but here's what we think you can expect from the tech giant on Wednesday in San Francisco. iPhone 5 Expect Apple to announce the iPhone 5. After disappointing people with the iPhone 4S last year, which was basically just a software update with some internal improvements, Apple will likely make a splash with the next iPhone.
BUSINESS
July 28, 2012 | By Andrea Chang
Apple, looking to boost its social media presence, may be considering a stake in micro-blogging site Twitter, according to the New York Times. But according to the Wall Street Journal, that was so a year ago -- and nothing came of the talks. The differing views came to light late Friday, with the Times saying people briefed on the matter said Apple "has talked with Twitter in recent months" about making a strategic investment in it. The paper said Apple had considered an investment "in the hundreds of millions of dollars, one that could value Twitter at more than $10 billion.
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