Today in Apple history: Steve Jobs gets embroiled in stock backdating scandal

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It took 20 pounds of personal computing artifacts to form the face of Steve Jobs.
Steve Jobs' stock demands changed some people's view of the tech innovator.
Photo: Jason Mercier

August 29 Today in Apple history August 29, 2001: During a meeting, the Apple board awards Steve Jobs new stock options that will become part of a big Apple stock backdating scandal several years later.

When the matter makes court, Apple’s former general counsel pays $2.2 million to settle charges that she backdated stock options for Jobs, herself and others — and created fake paperwork to hide this fact.

Why Apple investors should quit worrying about iPhone 8 delay

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iPhone 8 mockup
Here's how Apple will make iPhone 8 feel less expensive.
Photo: Ste Smith/Cult of Mac

Apple investors have been urged to “quit worrying” by one analyst, who insists the “short-lived” iPhone 8 delay won’t impact stock price.

Robert Cihra from Guggenheim doesn’t deny that iPhone 8 will launch late, but he’s confident fans will wait, rather than jump ship.

Warren Buffett is betting big on Apple

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iphone stocks app
Berkshire Hathaway's investment in Apple could send the price back up.
Photo: Ste Smith/Cult of Mac

Some of the world’s biggest investors have ditched their Apple shares lately, but where others see doom and gloom Warren Buffett sees an opportunity to make some serious money. 

Warren Buffet’s legendary investment firm Berkshire Hathaway has taken a large position in Apple stock, scooping up 9.81 million shares, worth about $1.07 billion.

Apple stock hit with biggest drop since 2013

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iphone stocks app
Apple shares are taking a dive.
Photo: Ste Smith

Apple’s Q2 2016 earnings have been disasterous for the company’s share price, as AAPL stock suffered its worst week in three years.

Wall Street has suddenly soured on Apple, including Carl Icahn, who revealed earlier this week that he dumped all of his shares. With investors offloading shares, the company watched its market capitalization shrink by $65 billion in a mere three days, which is about the equivalent of Cambondia’s net wealth. 

Mega-investor Carl Icahn gives up on AAPL

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iphone stocks app
Apple shares are taking a dive.
Photo: Ste Smith

Apple’s biggest cheerleader on Wall Street, Carl Icahn, is getting rid of all of his AAPL shares after the iPhone-maker reported its first year-over-year decline in revenues for the first time in 13 years.

The iconic investors has insisted for years that Apple shares are grossly undervalued and has made over $3.4 billion investing in Apple. Now Carl is throwing in the towel even though he still thinks the stock is ridiculously cheap.

Two top Apple execs score big (and one giant) payday

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money
Turns out there's a lot of money to be made at Apple. Who knew?
Photo: Ste Smith/Cult of Mac

Apple’s Chief Operating Office Jeff Williams and Chief Financial Officer Luca Maestri both dumped large amounts of AAPL stock this month — prompting speculation that those inside Apple aren’t confident that the share price is bouncing back to all-time high levels any time soon.

Although, as usual, such fears are almost certainly greatly exaggerated.