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.
August 13, 2013 |
Investor Carl Icahn announced Tuesday on Twitter that he had made a large investment in Apple Inc., calling the stock "undervalued. " The influential investor has become increasingly active in the tech sector in recent years. News that he has taken a stake in Apple predictably sent the stock soaring up $26.29, or 5.63%, to $ 493.65 in midday trading. PHOTOS: Six things rich tech execs splurge on Apple investors, who have endured a rough year as they watched the stock tumble from its all-time high last September, could barely contain their glee . For the moment, Icahn said he is requesting that Apple Chief Executive Tim Cook and company officials pursue a bigger buyback of its stock to help raise the value.
September 23, 2013 |
Put down your friend's iPhone 5s. You have no idea what's been touching it. The latest Apple iPhone went on sale Friday and one of its signature highlights is a new fingerprint scanner built into the home button at the bottom of the device. The feature, called Touch ID, lets users quickly unlock their device while keeping others out. It can also be used to verify purchases. VIDEO CHAT: Unboxing the iPhone 5s But some Apple users are very strange and creative, and have quickly taken to YouTube and Twitter to confirm that users can scan and unlock the iPhone 5s using more than just fingerprints.
May 22, 2013 |
Apple, America's richest, most innovative consumer technology company, is also the most creative in hiding billions of dollars in profits from the taxman, according to congressional investigators. But on Tuesday in testimony before the Senate Permanent Subcommittee on Investigations, Apple CEO Tim Cook pointed out that his company's creative tax sheltering, far from being illegal, is made possible by the loophole-ridden tax laws of the United States. Cook told the senators that Apple paid a $6-billion tax bill to the federal government last year.
October 5, 2013 |
An essential element of the Tim-Cook-Is-Not-Steve-Jobs meme is that its proponents have no idea about (1) who Steve Jobs was, and (2) how Apple performed under his leadership. An excellent example of the form is buried within Fred Vogelstein's article about Apple's iPhone appearing in this weekend's New York Times Magazine. Vogelstein commits a drive-by assault on Cook with this passage: "When Jobs died in October 2011, the prevailing question wasn't whether Tim Cook could succeed him, but whether anyone could.
December 29, 2012 |
As 2012 comes to a close we take a look back at the biggest "oops" moments of the last year. Whether it was an advertising misstep (Facebook's "Chair" commercial), or a product released before it was ready (Apple Maps), or just an idea that was ill-received (homeless men as Wi-Fi hotspots), we tried to compose a list of the times when the major players lost control of the narrative. It's also a reminder that everyone makes mistakes--even exacting tech companies. 1. Apple Maps fiasco How bad was it when Apple replaced Google Maps with its own mapping system on iOS 6?
August 7, 2012 |
Along with the news that there would not be a native YouTube app on iOS 6, Apple injected some humor -- a very unusual move for the Cupertino, Calif., company -- and "Rickrolled" its developers in a recent change log for its next mobile operating system. As you might know, Rickrolling is emailing someone a link that claims to go to a particular website but actually sends them to a YouTube video of Rick Astley's 1987 song "Never Gonna Give You Up. " In this instance, Apple was explaining the proper way to embed videos in iOS 6 and used the Rickroll as its example.
April 23, 2013 |
Apple's stock is on a tear following the electronics giant's announcement it would buy back $60 billion in stock and boost its dividend 15% to $3.05 a share. The huge buyback plan and dividend increase eclipsed a somewhat disappointing second-quarter earnings report in which profit dipped for the first time in a decade. The company also forecast that its earnings in the current quarter would be lower. Apple shares are up more than $20 to $426.79 in after-hours trading. The stock closed at $406.13, up $7.64, in regular trading.
September 12, 2012 |
Apple.com might be giving away some of Tim Cook's announcements planned for Wednesday, according to multiple reports. Nine to 5 Mac is saying that you can see some of what Apple has planned for its announcement Wednesday if you use the search function on the company's website. Among the secrets being divulged is the name of the next iPhone, which seems like it will be called the iPhone 5. Rumor roundup: The new iPhone If you go to this link , you can see various search results for the term "iPhone 5" that include a couple of URLs with the name in them.
October 30, 2012 |
SAN FRANCISCO - In the biggest management shake-up since Tim Cook took the helm, Apple has ousted two top executives blamed for a pair of embarrassing missteps. Apple Inc. said Scott Forstall, its longtime executive and a protege of co-founder Steve Jobs, was leaving the company. As head of the mobile software division, Forstall oversaw the iOS operating system that runs the best-selling iPhone and iPad that together account for the bulk of Apple's sales. But the 15-year Apple veteran also was responsible for one of the company's highest-profile gaffes: replacing Google Inc.'s maps with Apple's own faulty mapping software.