Bullsh*t Rumor Claims Apple Could Be Looking To Replace Tim Cook

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Going nowhere.
Going nowhere.

I’ve been writing for Cult of Mac for almost three years now, and in that time I’ve covered some pretty farfetched Apple rumors. But the latest from Forbes comes with a whole new level of crazy.

“Some Wall Street sources close to some Apple executives” say the Cupertino company could be searching for a replacement for Tim Cook, it claims, before suggesting Cook could turn Apple into another Hewlett-Packard or JC Penney and insisting “Apple’s shine has faded” since the passing of Steve Jobs.

Woz: Apple Will Launch Products That Will “Surprise And Shock Us All”

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Steve-Wozniak

Apple’s share price may be falling quickly at the moment, but company co-founder Steve Wozniak is confident it’ll rise again thanks to future products that will “surprise and shock us all.” Speaking at the Login technology conference in Vilnius, Lithuania, Woz said “the stock price is a little low right now,” but notes that industry profits “are still with Apple.”

Man Pleads Guilty To Spending $1 Billion On Apple Stock & Bringing Down His Company

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The scene of the crime?
The scene of the crime?
Photo: Cult of Mac

Securities trader David Miller has pleaded guilty to fraud after buying $1 billion of Apple stock without permission and bringing down his company. The 40-year-old purchased 1.625 million Apple shares on the day the Cupertino company reported its third-quarter results in October 2012, hoping that he’d be able to make a profit when the share price rose.

Instead, the share price fell and Miller’s gamble backfired, sending Rochdale Securities under.

New iPhone Tweak Lets You Save & Share Instagram Pics [Jailbreak]

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Instahancer-iPhone

You know when your friend posts an awesome picture of their latte or the tasty dessert they had after their big plate of pasta last night to Instagram, and you really want to save that picture so that you can drool over it more than once? Well now you can, thanks to Instahancer, a new tweak for jailbroken iPhones.

As its name suggests, Instahancer enhances the Instagram app with a number of useful features, including zoom, the ability to share pictures to your camera roll, and the option to share them via email.

Apple Stock Opens At $457.70, Down More Than 10%, After Financial Results

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APPL-down

Apple stock opened at $457.70 this morning, down more than 10%, following its financial results on Wednesday. The Cupertino company announced $13.1 billion profit for the first quarter of 2013, a slight increase over the $13.06 billion it posted for the first quarter of 2012. But despite that increase, it’s clear Apple’s phenomenal growth has hit a stumbling block.

iPhone 5 Demand Is Doing Just Fine, Don’t Worry About The Supply Cuts [Analyst]

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cn_image.size.s-iphone-new-5-release

Earlier this week, The Wall Street Journal reported that Apple has cut its iPhone 5 component orders by as much as half following “weaker-than-expected” demand for device. The news sent Apple’s stock price plummeting, but according to some analysts, there’s nothing to worry about. iPhone 5 demand is doing just fine, according to Sterne Agee’s Shaw Wu, and the component cuts are in no way related to poor demand.

Apple Stock Continues To Slide As Analysts Await The ‘Next Big Thing’

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Stock continues to tank, but the ca
Stock continues to tank, but the ca

After months of steady growth, Apple stock hit an all-time high of $705.07 in late September, and it seemed there was no sign of stopping it from breaking through the $1,000 barrier and making Apple the world’s first trillion dollar company. Take a look at the market today, however, and it paints a very different picture.

Apple stock fell a whopping 25% in November, and on Friday, it hit a ten-month low. Today, shares dipped below the $400 mark. This is despite the recent launch of the iPhone 5 and the iPad mini, both of which appear to be selling incredible well. Can the Cupertino company put an end to this nasty slide? Analysts don’t think so.

ABC Nightline Looks At The Surprising Yet Swift Decline In Apple Stock [Video]

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Apple stock has reached its lowest point in five months.
Apple stock has reached its lowest point in five months.

Despite launching the fastest-selling iPhone to date just over a month ago, in addition to a new iPad mini that’s sure to be a big hit this Christmas, Apple is suffering from a surprising yet swift decline in stock value. Just weeks after reaching a $705 high, it now sits at its lowest price in over five months.

Many will dismiss the decline as a rare dip, confident that Apple will bounce back bigger and stronger than before. But others are questioning its ability to do so with ever increasing competition from its rivals. ABC Nightline asks whether Apple has “lost its shine.”