Analysts and investors are waking up to a very different world on Wednesday morning -- one where they have to face the reality that Apple Inc. is not going to keep raising their shares by an unrealistic amount. Sure, growth appears to have stalled, but a quarterly net profit of $9.5 billion certainly doesn't sound like a dying company to us. And with no new Apple goodies until the fall (according to CEO Tim Cook), we can get back to sharing real stuff instead of the hallucinations the rumor mill keeps churning out. Whew!
Friday marks the end of the March business month, which means Apple has yet to release any significant new products for the entire first calendar quarter of this year. We're pretty sure the folks in Cupertino aren't just taking naps at their desk, however, and we fully expect to see them unleash a lineup of new stuff soon enough. Until then, here's what you might have missed on Thursday...
We're used to seeing the iPhone virtually everywhere here in the U.S., but despite its success all around the globe, Apple is falling behind in India, a key market poised to become the world's third largest this year.
Rumors began swirling last month that Apple may soon expand its product distribution to Staples retail stores across the U.S., and the deal appears to be done, based on tweets from the office supplier's executives.
On the heels of Blockbuster's recent announcement of 300 more stores to close across the country, bookseller Barnes & Noble unveils its own plans to wind down up to 20 stores per year for the next decade.
It must be tough to be a public figure in any line of work, with the media constantly waiting to pounce on every word you speak. Such is the case with Dell CEO Michael Dell, who once famously suggested that Apple had no hope of recovery and should simply close its doors and return money to the shareholders. Read on to find out why that statement is so ironic nearly 16 years later...
Cellular-equipped iPads remain hard to come by on Apple's website, but all three supported U.S. carriers have announced limited availability at their retail stores on Friday, if you have to have one today.