All items tagged with "stock"

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

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.

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Why Wall Street Is Being Totally Idiotic About Apple’s Fortunes Right Now

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Earlier today, we reported that the Wall Street consensus was that Apple’s profit in this last quarter probably shrank for the first time in a decade, and that results will be even more dire next quarter, with iPhone sales units being extremely low.

But Wall Street’s pessimism in regards to Apple is, as usual, nuts. For Apple to perform as low as Wall Street thinks it will next quarter, Apple would have to show zero growth in the iPhone market compared to the same spring quarter a year ago. This would rank it as one of the smartphone industry’s worst disasters ever. Which is crazy, because Apple’s selling more iPhones than ever.

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

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.”

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Apple Shares Fall Below 400 For First Time In 16 Months

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Last year it seemed like there was no end in sight for the rise of Apple’s stock price. Then things started to slip in October thanks to Apple Maps and the management shakeup, and it’s been all downhill from there.

Earlier this morning Apple shares were trading below $400 for the first time in over 16 months, as the stock has continued to slide from its high point of over $700 per share that it enjoyed just last year.

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

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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.

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Apple Planning What To Do With Its Giant Amounts Of Cash, Say Investors [Report]

Giant piles of cash, oh my!

Giant piles of cash, oh my!

Chief investment officer of Gamco Investors, Howard Ward, today said that Apple is planning to reveal its plans for what to do with the enormous amount of cash by next month. Apple needs to respond to growing criticism over what it’s doing with its $137.1 billion in cash and investments, not to mention the $42 billion in earnings investors expect Apple to add in 2013, says Ward.

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Rumors Of iPhone 5S And The Next iPad On Our Newest CultCast

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This week on The CultCast—finally—it’s time to talk iPhone 5S and iPad 5! We’ll tell you why April and August might be bringing you the tasty new iDevices, and if they’ll be drastically different than the models we’ve already got.

Then, is Apple is a innovation lull? Ex-Apple CEO John Scully thinks so. We’ll tell you what we think is really going on.

Subscribe to The CultCast now on iTunes to download our newest episode, or easily stream new and previous episodes via Apple’s free Podcasts App.

Show notes up next!

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Warren Buffet: Apple Should Buy Stock Back For Eighty Cents On The Dollar

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Famed investor and philanthropist Warren Buffet stopped by CNBC’s Squawk Box this morning, and the Berkshire Hathaway head had some interesting thoughts on what Apple should do with its cash: by back all of its stock from investors, just like Warren Buffett told Steve Jobs to do years ago.

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Greenlight’s ‘Silly Sideshow’ Lawsuit Against Apple Has Finally Been Dropped

The sage between prominent Greenlight Capital investor David Einhorn and Apple continues.

Over the last couple of weeks a ‘silly sideshow’ has been playing out between Greenlight Capital and Apple Inc. Greenlight Capital’s CEO, David Einhorn, has been trying to force Apple to offer preferred stock plans by suing Apple in court, while Tim Cook and Apple disagree with his proposals.

Even though Einhorn has won at least one small victory over Apple in court, it’s been reported that Greenlight Capital just dropped their lawsuit against Apple.

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Apple Board Changes Its Mind, Now Requires Execs To Hold Triple Their Salary In Stock Options

Time to tie executive salaries to stock performance.

Time to tie executive salaries to stock performance, right?

According to a newly-posted shareholder document, Apple now requires executive officers to own three times their annual salary. The CEO is still required to hold ten times his own annual salary in stock, as well.

This current move, as reported by the Wall Street Journal, comes a month after Apple’s board actually opposed a similar measure proposed by a shareholder.

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