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.
September 23, 2013 |
Apple this weekend shattered its record for iPhone sales, but customers looking for the iPhone 5c are in luck: There are still plenty of devices available for purchase. The Cupertino, Calif.-based tech company announced Monday morning that it sold more than 9 million new iPhones around the world, breaking the mark it set last year and blowing past the expectations of many analysts. Sure enough, all those sales led to some units selling out. The gold version of the iPhone 5s, for example, quickly sold out at various locations across the country early Friday morning, and since then, all versions of the iPhone 5s have been harder to find.
January 25, 2013 |
The king is, well, not exactly dead. But Apple's stock has taken a pretty serious knee-capping this week, compounding a slide that began in September. And as a result, Exxon is once again king of the stock markets. On Friday, Exxon became the world's most valuable company as Apple's stock fell in midday trading $10.46, or 2.32%, to $440.04. In midday trading, Exxon boasted a $ 417.59 billion market cap; Apple's was $ 412.36 billion. The days of August, when people were debating whether Apple had set the record for the most valuable company in history, now seem like a dream from another era. QUIZ: Test your Apple knowledge Apple's stock has now dropped 37% since its September high of $702.10.
April 23, 2013 |
Apple released its fiscal second-quarter earnings, reporting better-than-expected revenue but the first year-over-year quarterly profit decline since 2003. The company posted profit of $9.5 billion, or $10.09 a share, and revenue of $43.6 billion. During the same quarter last year, Apple reported profit of $11.6 billion, or $12.30, on revenue of $39.2 billion. Apple sold 37.4 million iPhones in the quarter, compared with 35.1 million in the year-ago quarter. IPad sales totaled 19.5 million compared with 11.8 million in the year-ago quarter.
December 17, 2012 |
Another day, another few billion dollars of Apple's market cap bounced around like a ping-pong ball by the stock market. After flirting with the $500 barrier early in trading on Monday, the stock rebounded and was up 0.48% to $ 512.25 in mid-day trading. The gut-wrenching ride seemed to be driven by the usual mixed bag of data points. PHOTO TIMELINE: Apple, from Foxconn uprising to a Mini roll-out It's become almost routine, as I wrote over the weekend in a story that tried to explain the extraordinary economic impact and volatility of Apple's stock . But there was a related question that people discussed in the reporting of that story that I didn't include: Is there anything Apple could do to reduce the volatility of its stock?
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.
November 16, 2011 |
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.
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.
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.