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BUSINESS
August 13, 2013 | By Chris O'Brien
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.
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BUSINESS
December 29, 2012 | By Salvador Rodriguez and Deborah Netburn
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?
NEWS
April 23, 2013 | By Peter Pae
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.
BUSINESS
April 4, 2013 | By Chris O'Brien
The estimated cost of Apple's new campus in Cupertino, Calif., has skyrocketed from $3 billion to $5 billion over the last two years, according to Bloomberg Businessweek. Apple Chief Executive Tim Cook had previously said the completion of the campus had been delayed from 2015 to 2016. The Bloomberg report , citing unnamed sources, said part of the reason for the delay was that Apple was working with its architect, Foster + Partners, to cut $1 billion off the cost. PHOTOS: 10 tech companies to watch in 2013   The huge cost overrun is due to many of the extravagant features that cofounder Steve Jobs wanted for the new headquarters.  These include ensuring no seam or gap be visible on the building, using an expensive maple wood for the interior, and using large, curved glass panels for the windows that would have to be made in Germany and shipped to California.
BUSINESS
September 28, 2012 | By Michael Hiltzik
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.
BUSINESS
December 22, 2013 | By Chris O'Brien
Gaining access to an audience it has coveted for years, Apple Inc. said it has reached an agreement to sell the iPhone through China Mobile Ltd., the world's largest mobile phone carrier with 763 million subscribers. The deal, announced Sunday, is expected to help Apple reignite its sales growth, which has slowed over the last year. How successful Apple will be depends in part on how flexible it's willing to be with the pricing of the iPhone, which remains among the world's costliest smartphones.
BUSINESS
September 23, 2013 | By Chris O'Brien
Owners of Apple devices have been upgrading to the radically redesigned iOS 7 that was released last Wednesday faster than any previous version. Apple reported Monday that 200 million iOS devices are running the new operating system. The company likes to tout the fact that the vast majority of its customers use the latest version of its mobile operating system. Apple argues that makes its experience superior to Android devices, which tend to be more fragmented with many running on much older versions of the Google operating system.  PHOTOS: Top 11 hidden, cool features in Apple's iOS 7 According to statistics from Fiksu , a mobile analysts firm, more than 50% of all iOS devices have  upgraded to iOS 7. Indeed, the rush to upgrade last Wednesday led to long waits and error messages for many users who apparently overwhelmed Apple's servers.  The Fiksu report says that at this same point, less than 40% of users had upgraded to iOS 6, and less than 30% had upgraded to iOS 5.  The percentages are even more impressive considering there are far more devices running iOS than there were two years ago.  With Apple also announcing it sold a record 9 million new iPhones during the first weekend, investors sent the company's stock up $17.67 or 3.78% to $ 485.08.
BUSINESS
September 23, 2013 | By Salvador Rodriguez
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.
BUSINESS
September 12, 2012 | By Salvador Rodriguez
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.
BUSINESS
June 25, 2012 | By Ricardo Lopez
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.
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