| Cult of Mac

Mega-investor Carl Icahn calls buying AAPL a ‘no-brainer’

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Carl Icahn is coo-coo for AAPL.
Carl Icahn is coo-coo for AAPL.
Photo: Forbes

Apple just had a killer quarter. In fact, it was the most profitable quarter for any company in history. As such, Apple stock is up 5 percent since Wednesday trading.

But has Apple peaked? Not according to legendary investor Carl Icahn, who recently told CNBC that he was not only raising his own Apple stock price target, but called buying AAPL a “no-brainer.”

iOS 7 Bug Lets You Hide Apple’s Annoying Default Apps [Video]

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iOS 7 finally lets you put the Newsstand app in a folder. To some that alone is reason enough to celebrate, but there’s also an awesome little bug that lets you hide all of Apple’s other annoying default apps that take up screen real-estate – we’re looking at you Stocks.

For the hack to work, you have to set up one of your iPhone’s pages with a full screen of apps. You’ll also need one folder on that page, and you should place the app(s) that you want to hide in your dock. Once you’re ready, tap and hold on the app you want to disappear, then hit the homebutton twice to bring your app switcher, then go back your homescreen and you’ll notice the app you want to delete is abnormally large. Tap your extra folder on the screen while all the apps are jiggling, and then press your homebutton and viola! the app is gone.

The process sounds a little convoluted, but it’s actually very simple. To make things easier, our friend Dom from AppAdvice made the video tutorial above. Best of all though is that once you magic an app into oblivion you can still access it via the finder search.

Carl Icahn Says AAPL Is ‘Extremely Undervalued’ After Phone Call With Tim Cook

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Carl Icahn is coo-coo for AAPL.
Carl Icahn is coo-coo for AAPL.
Photo: Forbes

AAPL shares rose 5.6% in value today after word came out that billionaire investor Carl Icahn thinks the company is ‘extremely undervalued.’ The stock was trading above $493 a share after 3PM ET today — a nice $26 jump up from the stock’s closing price on Monday.

Icahn revealed on Twitter that he spoke briefly with Tim Cook today about the company’s future and that he’s decided to make a large position with Apple:

Apple Shares Fall More Than Six Percent Today, Biggest Single Day Loss In Four Years

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apple-stock-drop

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.

How To Remove Apple’s Stock iOS Apps Without Jailbreaking [Video]

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Goodbye, Stocks!
Goodbye, Stocks!

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.

AAPL Stock Bounces Back Above $600 In After Hours Trading

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Screen Shot 2012-04-24 at 4.53.33 PM

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.

[via]

Apple Announces $45 Billion Shareholder Dividend & Stock Repurchase Plan

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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.