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NEWS
July 24, 2012 | By Jon Healey
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.
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BUSINESS
September 12, 2012 | By Joe Bel Bruno
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.
BUSINESS
January 23, 2013 | By Andrew Tangel, This post has been corrected. See the note below for details.
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.
BUSINESS
June 7, 2013 | By Ricardo Lopez
With fewer than nine hours left, an auction to have a fancy steakhouse lunch with Omaha billionaire Warren Buffett has received a top bid of $775,100 Friday. The 14th charity auction closes at 7:30 p.m. Pacific time and raises money for Glide, a San Francisco anti-poverty nonprofit. The auction got off to a strong start earlier this week , but as of Friday it's still nowhere near the record $3.5 million one anonymous winner bid last year. PHOTOS: Warren Buffett in the news Buffett, however, may see some consolation in that his companionship is at least worth more than that of Apple Inc.'s chief executive, Tim Cook.
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
November 16, 2011 | By David Sarno, Los Angeles Times
In the first change to Apple's leadership since the death of Steve Jobs last month, the company announced that Walt Disney Co. President and Chief Executive Robert Iger would be the Cupertino, Calif., electronics maker's newest board member. At the same time, Genentech Inc. Chairman Arthur Levinson, an Apple board member since 2005, will become the company's non-executive chairman, filling the role Jobs occupied briefly after his resignation as Apple's chief executive in August.
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
October 11, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
Steve Jobs died of respiratory arrest and a pancreatic tumor, according to his death certificate released Monday. The Apple Inc. co-founder and chairman died around 3 p.m. Wednesday in his Palo Alto home, the certificate noted. Apple and Jobs' family announced his death Wednesday but did not provide details about the time, place or cause. Jobs resigned as Apple chief executive Aug. 24. He had been diagnosed in 2003 with a neuroendocrine tumor on his pancreas, and he underwent a liver transplant in 2009.
BUSINESS
July 24, 2012 | By Joe Bel Bruno
Apple Inc. under the leadership of Steve Jobs was never known for giving particularly good guidance to Wall Street when it came to how much the tech giant might earn. Things appear to have gotten a whole lot uglier under Tim Cook. There are 42 analysts that track Apple's stock, and every single one of them got it wrong. Apple turned in third-quarter earnings of $9.32 a share. Analysts' estimates were for $10.37, with the lowest projection coming in at $9.45 and the highest at $12.51.
BUSINESS
August 7, 2012 | By Salvador Rodriguez
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.
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