In today's news, Apple might be preparing for another big media event showcasing the Apple Watch, judging by a request it recently sent a major developer. Elsewhere, Apple's stock hit yet another all-time high today, and on a more tragic note, long-running Apple blog TUAW will close as a result of recent cuts at AOL.
Rumors about Apple's products may be fun to hear about, but they can also be disastrous for companies in competing fields even when there's probably nothing to worry about. Just ask GoPro, which saw its stock drop down after Apple won a patent pertaining to sport cameras. In addition, we take a look at a "modern Macintosh" and check out the new Google Translate app for iOS, which incorporates technology from Word Lens.
Tim Cook may have lost Time's Person of the Year award to the Ebola aid workers, but the Apple CEO nabbed the same award from the Financial Times. Considering the publication's economic focus, it's a far less disputable claim. After all, as the publication points out, Cook boosted Apple's revenues, introduced new product categories, and championed moral action over profit.
It's been a good year for Apple, and even worries about bendy iPhones and major retailers dumping Apple Pay have done little to halt its unrelenting progress. Investors are showing their appreciation. Today the Cupertino company's stock closed at $106.74, which marks the highest points the stock's ever reached when adjusted for the 7:1 share split from earlier this year.
With only a few days left before Apple's big iPhone event, the tech world is expecting great things from Apple. Wall Street, too, is caught up in all the excitement generated by rumors and leaked parts, and today the fervor pushed the Cupertino company's to its all-time high.
Analysts seem to be perpetually disappointed no matter how many sales records Apple breaks, but the company’s market value has steadily climbed over the last year. Today, just before the markets closed, Apple’s stock (AAPL) price passed $600 USD for the first time since November 2012, and it closed the day out at $600.96. The price has since hit $602.50 in after hours trading.
Steve Jobs was famous for his temper; Apple CEO Tim Cook, on the other hand, has cultivated a more calm and easygoing demeanor. That makes the few times when he actually does lose his temper all the more noteworthy. The latest incident occurred at during Friday's meeting with Apple shareholders, when Cook lashed out at a member of the conservative National Center for Public Policy Research, telling them to "get out of [Apple] stock" if they disagreed with Apple's policies.
Mere days after we heard that Apple CEO Tim Cook was under fire for a perceived lack of innovation, the news has surfaced that longtime Microsoft CEO Steve Ballmer will be leaving the Redmond giant within 12 months. Ballmer has always been a controversial though energetic figure, but the general attitude toward his handling of the company in recent years was reflected in the 8 percent jump in Microsoft stock today in response to the news.
So it turns out that that old bit of advice that we've almost all received is a bit off--it really does matter what some people think of you. Specifically, if you're Apple and investors Carl Icahn and Lee Cooperman think your company's "extremely undervalued," it'll drive your stock up to levels it hasn't seen in months.
The prettification of iOS wasn't the only thing that Apple introduced at WWDC--there was, after all, the good news about the wonderful PCIe memory and the beautiful and powerful new Mac Pro--but apparently investors aren't impressed. Apple stock has witnessed a minimal but steady decline since Monday's announcements, and today shares sit at $432 down from Monday's optimistic high of $441.