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NEW YORK — Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees. In a filing with the Securities and Exchange Commission on Thursday, Apple Inc. said that Cook requested that his restricted stock units not receive dividends. The dividends that [...]
In a strongly worded opinion, US District Judge Denise Cote rejected requests by Apple and five book publishers to throw out a class action suit that accuses them of price-fixing. Citing ongoing state, federal and international antitrust investigations, Cote turned down arguments that Apple and the publishers had acted independently when they changed the pricing model [...]
The New York Times is out with the latest installment of its iEconomy series, which focuses on Apple, the world’s most profitable company. The article details the elaborate — and legal — ways that Apple, and other tech companies, minimize their tax bills. The piece raises several questions: Is Apple to be condemned for its [...]
In a case that has attracted worldwide attention, Apple and five book publishers were sued this spring by the U.S. Department of Justice on the grounds that they colluded to fix prices for e-books sold on Apple’s iBookstore website. But does the “agency model” Apple and the book publishers employed actually hurt consumers?
Apple is building one of the most stunning financial runs in the history of corporate America, as Tuesday’s blowout showing affirmed. The company says it’s sold over 365 million digital devices over the last five years — 50 million last quarter alone — and is currently averaging nearly $4 billion in monthly profit. It has [...]
So much for those Apple jitters. The Cupertino, Calif. cash machine blew past Wall Street estimates Tuesday, reporting yet another monster quarter of financial results. The company’s stock soared nearly 7% after-hours, adding $1 billion of market capitalization in a matter of minutes. The superlative results show that Apple products continue to fly off shelves [...]
Apple has taken a beating over the last five trading sessions, losing nearly 9% of its value – the worst performance since the fall.
Profit-taking is the reason most people mention. But you have to ask: Why now?
A Texas shell company says Apple and others have infringed on technology for basic smartphone gestures like dragging and “double tap.” The patents were issued in 2007 to a Taiwanese maker of touchpad technology.
Just like that, Apple is officially on the receiving end of a major antitrust lawsuit filed this morning by the U.S. Justice Department for alleged e-book price-fixing. The suit, filed in New York district court, includes publishers Hachette SA, HarperCollins, Macmillan, Penguin and Simon & Schuster, reports Bloomberg
As virtually everyone knows, Apple has had a sweet run of late. But many investors — and you may be one of them even if you don’t realize it — have even started to worry that they may actually own too much.
