Apple shares took a tumble today, with a over six percent loss, making this the largest stock drop in a single day, making it the biggest one in four years. Analysts and other investors are blaming the sell-off and resulting stock price drop on many factors, including a recent forecast by an influential firm that Google’s Android operating system continues to gain ground, as well as unconfirmed reports that at least one stock-clearing house has been raising margin requirements on trades in Apple stock.
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While most of Apple’s stock iOS apps are pretty handy, there are a few that the large majority of us probably never open. I’m talking about apps like Stocks, Voice Memos, and Weather (which always seems to be inaccurate in the U.K.). Unfortunately, the Cupertino company doesn’t allow us to remove these, so the only way to do it was to jailbreak. Until now.
Thanks to a nifty new web app, you can temporarily remove stock iOS icons from your device without jailbreaking. Here’s how.
In the 1994 Oscar-winning movie Forrest Gump, there’s a short scene in which Tom Hanks’s character opens a letter of thanks from Apple after his former military colleague and business partner Lieutenant Dan invested some of the profits from the Bubba Gump Shrimp Company in “some kind of fruit company.”
If Gump was real and if he was still clinging on to his investment today, he could have a staggering 12 million shares in the Cupertino company, worth around $7 billion.
Since its introduction, the iPad has been missing some of the iPhone’s built in applications, such as Weather, Stocks, and Calculator. Until now, there’s been no sign of these apps making it to the iPad. With the introduction of iOS 6, though, it appears that Apple may finally be thinking about bringing the remaining iPhone apps over to the iPad.
In the last two weeks, Apple’s share price has plummeted over $60 from its all-time high ahead of reports suggesting that iPhone growth was stalling at domestic carriers. Today, though, Apple has again hurtled past the $600 barrier in after hours trading after Cupertino announced yet another record breaking quarter.
Looks like we can look forward to another three months of stock growth, until the next silly pre-earnings call investor scare.
The conference call announced for 9 a.m. this morning hasn’t even happened yet, and Apple’s already announced what they are doing with the cash: initiating a $10 billion share repurchase plan, as well as issue dividends and make strategic investments. All told, they expect to spend $45 billion over the next three years.
We’ll give you more details when the call starts, but for now, here’s the press release.
We’ve all seen news reports on the TV when stock markets take a nosedive. The footage is always the same: traders looking in despair at screens full of red rectangles, each one representing a falling stock.
Those magical digital rectangles are no longer for traders only. Now you can play with them yourself, in a $4.99 iOS app called StockTouch.
Stockholder Dividend, Worker Abuse Allegations Hot Topics Ahead Of Apple’s Annual Shareholder Meeting
Amidst concerns about trademark battles in China, an unprecedented factory audit of Foxconn, and the question of potential stock dividends, Apple is scheduled to meet with AAPL shareholders tomorrow at the company’s headquarters in Cupertino, California. All investors are encouraged to attend.
Yup, it’s finally happened: buoyed by the imminent launch of the iPad 3, Apple (AAPL) stock has just hit a historic high of over $500.00 a share, and now is worth a $466.29 Billion, over $70 billion more than the world’s second most valuable company, Exxon Mobil.
That’s amazing, but there’s still plenty of room to grow, believe it or not. In fact, Piper Jaffray analyst Gene Munster believes that Apple could go as high as $1000 per share, at which point, every man, woman and child on this Earth will be an Apple employee, grown to order in special chemical vats in Brazil and China, but designed, as ever, in Cupertino, California.
Some of Apple’s stock iPhone apps would work wonderfully on the iPad, such as Clock, Stocks, Weather, and Calculator. But the Cupertino company seems to have no plans to port these apps over to the larger device. After all, I’m sure if it did we’d already have them by now.
But thanks to a new utility for jailbroken iPads called Belfry, you can port them over yourself.