A group of Apple shareholders are ready to add to the company’s anti-hiring controversy woes with a new class action lawsuit of their own that alleges Apple leadership mislead investors and hurt the stock’s overall value.
The lawsuit was filed by attorneys for plaintiff R. Andre Klein with U.S. District Court for the Northern District of California this week, and accuses Apple’s senior management, including Steve Jobs and Tim Cook, of grossly mismanaging Apple’s resources when it struck an agreement not to hire employees from competing corporations.
Steve Jobs was known for speaking out loud, dreaming big and acting upon his thoughts. While it’s been just a few short years since his passing, fans have been able to see his characteristics shine through other personalities. The late comedian and actor Robin Williams lived a life similar to Jobs’ life: With every movie and every off-camera activity, Williams showed a passion for anything he did.
Watch today’s Cult of Mac news roundup to see how Apple pays tribute to Williams, as well as some crazy stories regarding the iPhone 6 and even how one new app is truly showing that life really is a box of chocolates.
Tim Cook has gladly accepted Phil Schiller’s challenge to douse himself with a bucket of ice in order to get out of a $100 donation to ALS charities. Only instead of doing ice bucket challenge from the comfort of a beach chair, Cook made a party of it while Apple employees got turnt up withat the beer bash celebration for Diversity week.
If you’ve been on the Internet at all over the last few days, you’ve probably heard about the Ice Bucket Challenge. The idea is simple. Someone challenges you online to dump a bucket of ice water all over your head. If you choose not to do so within 24 hours, you are asked to donate $100 to a charity to fight Lou Gehrig’s Disease.
Speaking as an observer, I can say conclusively that the Ice Bucket Challenge is best when accepted by buxom 19-year-olds in string bikinis. But watching Apple’s Senior Vice President Of Marketing dumping a bucket of ice water on his head? Definitely a close second.
Watch today’s Cult of Mac news roundup for details on a lawsuit filed by Apple employees. Plus, you’ll get info on the latest Apple software updates, a look at the Starbucks app’s new capabilities and Jimmy Kimmel’s hilarious iWatch prank.
eBay is a paradise for Apple collectors. Photo: Jeff Croft
Tim Cook told investors he’s happy with Apple’s trade-in program and other used iPhone sales, and it turns out so is eBay.
In the last 12 months nearly $2 billion worth of Apple devices, ranging from iPhones, iPads, and old Macs, have been sold on eBay’s store, according to data obtained by Computer World, and just like Apple’s own sales, the iPhone brought in most of a money on eBay too.
Last quarter was bright but the future’s even brighter, according to Apple.
Even Apple execs sounded pleasantly surprised as they revealed last quarter’s mostly higher-than-expected numbers Tuesday. But in what’s become something of a refrain in Cupertino, they couldn’t stop themselves from vague and knowing references to the incredible products waiting in the magical Apple pipeline.
Trust us, they seemed to say: Last quarter’s net profit of $7.7 billion — fueled by robust sales of iPhones, MacBooks and a surprisingly strong showing in the iTunes Software and Services category — was totally great, but wait till you see what we’ve got up our sleeves.
“We’re expecting a very busy fall,” said Luca Maestri, Apple’s chief financial officer. “We’re very excited about what’s in the pipeline.”
What else did Apple executives have to say during Tuesday’s Q3 earnings call? Here’s our take on everything you need to know from the latest numbers talk.
CEO Tim Cook will tell investors why Apple is still numero uno in today’s Q3 earnings call. Photo: Roberto Baldwin/The Next Web
Tim Cook and newly-apointed CFO Luca Maestri are getting ready for Apple’s Q3 2014 earnings call with investors. The call will reveal just how much cash the company raked in over the past three months and what they should expect later this year. We’ll be right here, liveblogging the whole thing.
Apple hasn’t released a new product this quarter, but investors on Wall Street are still bullish about the future of AAPL, sending the company’s stock price surging 26% since its last earnings report.
Whether Apple was able to beat expectations of $38.4 billion in revenue without an explosion of new sales will finally be known today at 2 p.m. Pacific, and we’ll be ready to dish out all the news and juicy tidbits Tim and the team tell investors.
So keep this page open for the full scoop on how ridiculously profitable Apple was last quarter, as well as what’s to come its “most exciting product pipeline in 25 years.”