iOS 7 Glitch Makes Stock Apps Vanish [Video]

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iOS-7-icons

Apple finally allows us to put the Newsstand icon in a folder in iOS 7, but wouldn’t it be great if we could completely hide all the built-in apps we don’t use? Thanks to a glitch in the latest iOS 7 beta, you can. After following a few simple steps, you can remove stock icons from your home screen so that they’re nowhere to be seen.

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Apple Sells Record $17 Billion Worth Of Bonds To Finance Its Stock Buyback

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Apple_Store

Despite having a mountain of cash overseas, Apple has decided it’d be cheaper for the company to go into debt for its stock buyback program, rather than bring the money back to the U.S. to be taxed.

After taking the initial steps yesterday toward offering bonds to investors, Apple opened up its order book today and plans to sell $17 billion worth of bonds. The six-part all dollar offering has already attracted more than $50 billion of orders within the first few hours, in what has become the largest non-bank bond deal in history.

According to a report from Reuters, Apple is offering $17 billion worth of bonds in the following six bond types to investors:

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Apple Is Going Into Debt To Finance Its $100 Billion Stock Buyback

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applemoney

Last week, Apple announced its plans to return $100 billion in stock to investors over the next few years. The increase more than doubled Apple’s original capital return program of $45 billion. Quarterly dividend payments also increased 15%, or $3.05 per common share.

Apple may have a huge cash pile, but even the world’s most valuable company will have to go into debt to finance a return program of this size. It’s the first time Apple has borrowed since 1996.

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Tim Cook: Declining AAPL Price Over Past Few Quarters Has Been Very Frustrating

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Apple CEO Tim Cook showed his imprint on Apple during the company's financial call
Apple CEO Tim Cook showed his imprint on Apple during the company's financial call

Apple just released its Q2 2013 Financial results, and even though Apple beat its own estimates, Tim Cook started the Quarterly Financial Call on the defensive.

Cook started the call by explaining how exceptional Apple’s 2012 financial results were for Apple, so it’s hard for the company to improve sales this quarter. Then Cook commented on Apple’s struggling stock price by saying he’s “very frustrated” with the stock’s declining value the last few quarters, but they’re staying focused on the future.

Hoping to appease investors, Apple announced today that it will payback $100 billion to investors by 2015. Apple has yet to release a major product in 2013, but Cook reassured investors that Apple can’t wait to release new hardware and software this Fall and throughout 2014.

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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.

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

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ian-63

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”

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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.”

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Apple Shares Fall Below 400 For First Time In 16 Months

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applestockprices

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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