For the widow of Apple co-founder Steve Jobs, the saying about death and taxes being life’s only certainty probably rings true — particularly taxes. Laurene Powell Jobs learned she must pay $867 million in capital gains taxes and is being advised to unload millions of Disney and Apple shares worth nearly $7 billion.
Idiot Investors Don’t Trust That Apple Can Keep Making Magic New Products
When it comes to huge investors who buy mammoth blocks of Apple stock, there’s only one question: what have you done for me, lately? If you want to know why product launches are so important to Apple, it’s because the launch of a new product is critical to investors who believe Apple isn’t worth a plug nickel without its latest and greatest products.
iPhone 4S Is The Best-Selling Smartphone At All Three US Carriers
Wall Street seemed ready to have an epileptic seizure last month when Apple merely reported an incredible, record-breaking quarter instead of whatever financial fever dream they imagined, so this ought to give them a little spring in their step: the iPhone 4S is now the best-selling smartphone at all three of the top US carriers. Duh.
Apple Shares Suffer Crazy Mood Swings On The First Day Of Trading After US Credit Rating Downgraded
Many thought the first trading day after Standard & Poor’s downgraded the U.S. creditworthiness to AA+ would elicit some reaction from Wall Street. However, Monday has been crazy on the big board, with Apple leading other shares for wild swings.