Everyone knows that there’s a lucrative black market in iPhones, particularly in Asia, but did you know that iPhones are increasingly being used as currency? That’s the case in Rome, at least, where at least one journalist is using iPhones as a way to pay his bills.
Investment tycoon Carl Icahn has been bullish on Apple lately. In mid-August, Icahn unexpectedly tweeted that Icahn Enterprises, his diversified holding company, believed Apple to be “extremely undervalued.” Immediately, share prices jumped 5.6%. The next week, Icahn announced on Twitter that he and Tim Cook would be meeting in September to discuss a larger buyback program of AAPL shares.
That’s all nice, but Icahn is a business magnate, not an Apple fanboy. So what the heck is he up to here? A new theory being put forward by some investors is that Icahn has ulterior motives for his sudden Apple love affair: he wants Apple to buy Nuance, a company Icahn has a large stake in.
Remember how just a few months ago, Foxconn profits were slumping because — as the anti-Apple brigade hysterically shrieked — the iPhone 5 was a dud, and the iPhone’s meteoric rise in popularity was finally done?
Yeah, well, Foxconn just posted a 41 percent year-over-year increase in profit, driven by strong iPhone sales.
Two years ago, Apple overtook Exxon as the world’s most valuable company. It was a heck of a feat for a Silicon Valley company: for the first time, the world seemed to value silicon computer chips more than the bubbling, black goo of long dead dinosaurs. The future seemed rosy, and in the following months, Apple’s share price eventually rose to over $700 a share… before cratering thanks to bizarre Wall Street pessimism.
Somehow, though, even though analysts are bleaker about Apple’s futures than they have ever been, Cupertino has once more managed to claw the title of world’s most valuable company from Exxon. How?
Plain and simple, managing your finances can suck. The app featured in this Cult of Mac Deals offer was created to change that.
Moneydance sports an easy-to-use interface and its syncing capabilities make for a streamlined experience that will get you saving your money, rather than washing it away. It easily handles online banking, account management, budgeting, and investment tracking all in this single application and the best part — you don’t have to pay thousands of dollars to hire a financial manager.