Apple stock hit with biggest drop since 2013

By

Apple shares are taking a dive.
Apple shares are taking a dive.
Photo: Ste Smith

Apple’s Q2 2016 earnings have been disasterous for the company’s share price, as AAPL stock suffered its worst week in three years.

Wall Street has suddenly soured on Apple, including Carl Icahn, who revealed earlier this week that he dumped all of his shares. With investors offloading shares, the company watched its market capitalization shrink by $65 billion in a mere three days, which is about the equivalent of Cambondia’s net wealth. 

Mega-investor Carl Icahn gives up on AAPL

By

Apple shares are taking a dive.
Apple shares are taking a dive.
Photo: Ste Smith

Apple’s biggest cheerleader on Wall Street, Carl Icahn, is getting rid of all of his AAPL shares after the iPhone-maker reported its first year-over-year decline in revenues for the first time in 13 years.

The iconic investors has insisted for years that Apple shares are grossly undervalued and has made over $3.4 billion investing in Apple. Now Carl is throwing in the towel even though he still thinks the stock is ridiculously cheap.

Intelligent app monitors your lending portfolios across multiple marketplaces

lending-robot-dashboard
See your LendingClub, Prosper and Funding Circle portfolios at a glance.
Photo: LendingRobot

LendingRobot today launched a pretty important mobile app for peer lenders. It’s LendingRobot Dashboard, and it lets these lenders monitor all their portfolios across three separate services: LendingClub, Prosper and Funding Circle. It’s the only mobile app available that allows investors to connect from across multiple marketplaces and see their portfolios at a glance.

Panicking investors are missing a crucial Apple metric

By

There's still a lot of money left in iOS devices.
There's still a lot of money left in iOS devices.
Photo: Ste Smith/Cult of Mac

Apple soothsayers have been predicting doom and gloom for the iPhone-maker ever since Tim Cook dropped the company’s Q1 2016 earnings. iPhone sales are projected to decline. The iPad is still struggling. And even the Mac is taking a drop.

This is the end for Apple according to some Wall Street crazies, but they’re missing a key metric in Apple’s earnings report that shows the company still has a lot of growing to do thanks to it’s huge install base.

Apple could be forced to add more ‘executives of color’

By

Apple is pledging to do more on the diversity front.
Apple is stepping up its pro-diversity game.
Photo: Apple

Apple could be forced to add more non-white executives and directors, due to a proposal put forward by an investor who thinks the current makeup of Apple execs is “a little bit too vanilla.”

The possible pro-diversity push was reportedly prompted after the son of investor Antonio Avian Maldonado II, who owns just 645 Apple shares, asked why nearly everyone on Apple’s board of directors was white.