June 25, 2012 |
Losing your company $2 billion apparently causes investors to respect you less, according to a recent survey conducted by Barron's. After an investment group within JPMorgan was found to have lost $2 billion in trading, the bank's listing on Barron's annual survey dropped to 49th this year from 14th last year. After the loss, JPMorgan's chief executive apologized for the risky trading before a congressional committee. Apple again took the top spot, even after its leadership changed when Steve Jobs died last fall.
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.
March 1, 2013 |
A judge on Friday cut $450.5 million from the $1-billion judgment Apple won in a patent infringement case against Samsung last summer. U.S. District Court Judge Lucy Koh in San Jose said she trimmed the award because of what appears to be a technical error in the jury's methodology used to calculate the damages Samsung owed relating to 14 products. Koh ordered a new jury trial to determine the damages related to those products, which could...
September 28, 2012 |
Is Apple losing its grip? Most people asking that question are referring to the maps app that comes bundled with iPhone 5. The app, which is Apple's attempt to wean its users off a superb map program created by its archrivals at Google, is a spectacular flop, the NFL replacement ref of the software world. It's so bad that Apple chief executive Tim Cook has issued a formal apology for it. But when will Cook apologize for the disaster that is Lion upgrade 10.7.5? That's an upgrade to the operating system I installed, unwisely, on my iMac desktop, a superb performer on which I haven't lost 10 minutes of work since I acquired it in mid-2010.
March 27, 2014 |
Officially, the Microsoft press conference Thursday in San Francisco was intended to take the wraps off the long-awaited version of its Office for iPad. While it's a big deal, it was also the first public appearance of Satya Nadella since becoming Microsoft chief executive this year. And that, as much as a product launch, was what drew dozens of reporters to a Microsoft office in the city. Nadella, dressed in a snug, black T-shirt and speaking comfortably in front of a series of big monitors, said the event was the first in a series of opportunities he would take to begin laying out his vision for where he wants to take Microsoft. "Our customers want to know where we're going and what is our innovation agenda," he said. Broadly speaking, that strategy is "mobile-first, cloud-first.
February 13, 2014 |
Apple released its annual supplier responsibility report Thursday, drawing praise from Greenpeace for steps the company has taken to reduce use of conflict minerals in its products. "Apple's increased transparency about its suppliers is becoming a hallmark of Tim Cook's leadership at the company," said Greenpeace Energy Campaigner Tom Dowdall in a statement. "Apple has flexed its muscles in the past to push suppliers to remove hazardous substances from products and provide more renewable energy for data centers, and it is proving the same model can work to reduce the use of conflict minerals.
July 24, 2012 |
Here's one aspect of Steve Jobs' legacy that Tim Cook, his successor at the helm of Apple, must be hating Wednesday: the company's reputation for lowballing its sales and profit estimates. The company found itself in the odd position of reporting better results than it had projected -- and, more objectively, higher quarterly sales and profits than the year before -- yet having its stock hammered in after-hours trading. Why? Because analysts had predicted much higher sales and profits, and thus were surprised and disappointed.
September 12, 2012 |
Apple's stock barely budged after the technology giant unveiled the iPhone 5, which it bills as the world's thinnest smartphone. Investors seemed to shrug off the announcement -- but that's not entirely shocking. Apple shares have, on average, fallen 1.4% the day the company launched all of the previous incarnations of the iPhone, according to Morgan Stanley. PHOTOS: Apple iPhone 5 The investment bank said the week after Apple announcements haven't been all that hot either.
January 23, 2013 |
Apple investors will soon find out whether their fears are founded, as the tech juggernaut is set to report its fiscal first-quarter earnings Wednesday afternoon. [For the Record, 7:32 a.m. Jan. 23: An earlier version of this post stated that Apple was due to report its fourth-quarter earnings. It is to report its fiscal first-quarter earnings. ] Apple's stock has fallen nearly 30% since September, in a sell-off fueled by reports of waning iPhone 5 sales and questions over whether Tim Cook can lead the company through the post-Steve Jobs era. Investors also worry that Apple could be losing market share to rivals, or that profits could suffer if it makes cheaper phones and tablets. Apple won't report its earnings until after the closing bell on Wall Street.