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AAPL Market Currents
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7:04 AM A Shanghai court rejects Proview's request to stop Apple (AAPL) from selling iPads in the city, according to a source. This particular case is separate from another in which Proview is seeking compensation from Apple for trademark infringement.
1 Comment[Tech]
- Wednesday 5:02 PM "I have great confidence the Fed is ultimately going to get their way," says Lee Cooperman, explaining the bear case on Treasurys. "I don't think people understand how risky a U.S. government bond is at 2% return." He's keeping his money in what has worked - gold, the S&P, Apple (AAPL), and Qualcomm (QCOM), among others. Treasurys have worked too - how about a little love? [U.S. Economy]
- Wednesday 2:14 PM Credit Suisse's Kulbinder Garcha is the latest to weigh in on what Apple (AAPL -0.2%) should do with its giant cash stash - $98B as of the end of December - contending AAPL will have enough cash flow over the next four years to fund a dividend of at least $10/share plus buybacks. Garcha hikes his target price on the shares to $600 from $550. [Tech]
- Wednesday 9:58 AM Apple (AAPL) contract manufacturer Foxconn hid underage workers in advance of an inspection last week by the Fair Labor Association into the health and safety conditions at its plant, a watchdog organization claims. Apple recently said FLA was beginning inspections of the Foxconn facilities in China, which reportedly turned up "tons of issues." [Tech]
- Wednesday 9:54 AM Sterne Agee, Needham, and Citi are downgrading Dell (DELL -5.8%) following yesterday's FQ4 miss and weak guidance. Sterne sees Dell's PC business suffering at the hands of Apple (AAPL), Acer, and H-P (HPQ), while Citi doesn't expect Dell's soft gross margin to improve in FQ1. Staying bullish is Deutsche, which thinks Dell's current woes are due to near-term hard drive and government spending issues. (transcript) [Tech, On the Move, Quick Ideas]
- Wednesday 9:30 AM Apple (AAPL) shareholders have a lot to celebrate heading into Thursday's shareholder meeting, but all the same, some hot-button subjects are likely to get airtime. Tim Cook's plans for Apple's giant cash balance should be at the top of the list. Corporate governance may be close behind - last year, shareholders voted for a non-binding resolution requiring directors to be elected with a majority vote. [Tech]
- Tuesday 9:17 AM As expected, #3 Chinese carrier China Telecom (CHA) announces it will begin selling the iPhone 4S. Until now, #2 China Unicom (CHU) had been the only Chinese carrier authorized to sell the iPhone. China Mobile (CHL), the world's largest carrier, could strike a deal after Apple (AAPL) introduces the iPhone 5, which might support China Mobile's nascent 4G LTE network. (previously) [Tech]
AAPL in Focus
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at MarketWatch.com (Thu, 7:19AM)
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at CNBC.com (Wed, 7:06PM)
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at CNBC.com (Wed, 6:38PM)
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at MarketWatch.com (Wed, 5:44PM)
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at CNBC.com (Wed, 5:08PM)
AAPL Press Releases and Filings
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Business Wire (Jan 19, 2012)
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Business Wire (Jan 9, 2012)
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Business Wire (Dec 12, 2011)
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Business Wire (Dec 7, 2011)
AAPL Latest Transcript
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AAPL Cramer
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AAPL vs. ETF Alternatives
Company Description
Apple Inc. and its wholly-owned subsidiaries (collectively “Apple” or the “Company”) design, manufacture, and market personal computers, mobile communication devices, and portable digital music and video players and sell a variety of related software, services, peripherals, and networking... More
