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Apple's Mixed Earnings Bag Includes Stock Sweetener
April 24, 2013
For any company in the world, a quarter with revenues of $43.6 billion and profits of $9.5 billion would be cause for celebration. Unfortunately, Apple isn't any company. "Apple beat highly lowered expectations for the quarter," said Trip Chowdhry, managing director for equity research at Global Equities Research. Apple's numbers disappointed financial analysts.
Apple's Q1 Beats Wall Street, but Breaks a Profit Streak
April 24, 2013
Apple dominated the earnings roundup this week. Investors braced for a quarterly report that could determine whether the company's stock heads back towards last September's highs -- or continues its 40 percent-plus decline. Expectations weren't stellar for Apple before the Q1 report, but the company did barely beat analyst estimates thanks to high sales for iPhones and iPads.
Cook Replacement Rumors Smolder
April 22, 2013
Steve Jobs left big shoes to fill, and rumors circulated this week that Apple CEO Tim Cook may not be living up to expectations. This comes as Apple's stock closed at a 52-week low last Friday. Adding to the company's misery, Apple reportedly has earned the nickname "Poison Apple" with some Asian suppliers who are finding its high standards and low price expectations somewhat hard to meet.
Analysts: What's Ailing Apple Isn't Contagious
April 19, 2013
Apple's stock plunge this week to its lowest levels in a year has the financial community bracing for the company's earnings announcement next week. That stock drop is raising questions about whether the company's problems will worm their way into other corners of the Apple universe. For example, Verizon Wireless -- a key carrier partner for Apple -- announced this week that it sold 4 million iPhones in Q1.
Analyst: Slack Demand Sours Apple's Outlook
April 12, 2013
Wall Street continues to take a jaundiced view of Apple's fortunes for the year, as shown in the latest research note on the company from Morgan Stanley, which revised its estimates Thursday for Apple shipments of iPhones and iPads. Shipments of the iPhone for the quarter ending in March will be around 33 million, down from its original estimate of 37 million.
Rubber Band Patent Rejection Could Bounce Apple Back to Court
April 03, 2013
Apple apparently is not accepting the recent ruling by a U.S. patent examiner invalidating a patent it successfully used in a suit against Samsung. The "final" action does not signal the end of reexamination at the U.S. Patent and Trademark Office, the company argues in a filing submitted Tuesday. Nor does it mean there will be no further consideration or reexamination of the patentability of the claims.
Cook's Apology Part of China Brand Rehab
April 02, 2013
Apple CEO Tim Cook issued a public apology to customers in China this week following nationwide criticism over the way the company handles warranty and return policies in the country. For the past two weeks, several media outlets in China have run stories claiming that Apple's customer service policies, particularly in regards to the iPhone, leave much to be desired.
Street View Creeps Through Post-Tsunami Japanese Ghost Town
March 28, 2013
Google Street View has had its share of intrepid adventures -- Antarctica, say, or Everest Base Camp. However, the Google Maps service has a sober side, too. Street View just unveiled startling images of Namie, a Japanese town firmly planted inside the evacuation zone described in the wake of the Fukushima nuclear power plant disaster.
Beyond the Grave, Onto the Smartphone
March 25, 2013
A cemetery in Shenyang, the capital of China's Liaoning Province, will become, for lack of a better term, interactive. With mobile devices, people will be able to scan a quick response code on graves of people whose relatives have requested the feature. Scanning this code will allow visitors to learn about the person's life; they can also access a Web page where relatives and friends can upload photos or video.
THX Blasts Apple With Lawsuit
March 20, 2013
THX filed a lawsuit against Apple last week, claiming that the company's consumer electronics are infringing on one of its sound patents. The sound technology company, founded by George Lucas, alleges that some models of the iPhone, iPad and iMac devices violate a THX patent regarding a "narrow profile speaker."
Caveat Inventor: The New Patent Paradigm
March 15, 2013
The most significant change to U.S. patent law since 1836 -- or perhaps 1790 -- is being implemented on March 16, 2013. Part of the America Invents Act of 2011, it concerns the doctrine of first-to-invent, laws concerning the protection of original inventors, regardless of whether they were the first to apply for a patent. The new law awards inventorship under a first-inventor-to-file standard.
iPad May Run Away From Home a Lot Longer
March 15, 2013
Wireless charging may be in the works for iPad owners if Apple follows through on a patent awarded to it by the U.S. Patent and Trademark Office Thursday. The tablet cover described in the patent would include "an inductive power transmitter arranged to wirelessly pass power to a corresponding inductive power receiver unit disposed within the tablet device by inductively coupling."
E-Book Trial Requires Tim Cook's Presence on the Stand
March 14, 2013
Apple CEO Tim Cook has been ordered to testify in the antitrust case that accuses his company of e-book price fixing. Apple has tried to keep Cook from having to appear, claiming it was unnecessary considering 11 other top company executives have given depositions in the case.
Supply Chain Snags Weigh Down Apple's Stock
March 13, 2013
Jefferies on Tuesday became the latest Wall Street firm to downgrade its Apple price target as it blamed a delay with an iPhone product launch and slower smartphone sales. Analyst Peter Misek trimmed his target price from $500 to $420. Several other analysts also have downgraded the stock since it fell from its $705 peak last September.
Judge Orders Apple to Quit Pussyfooting Around
March 11, 2013
A judge gave Apple until the end of last week to produce details about how it would provide documents and other evidence requested in a privacy lawsuit. U.S. Magistrate Judge Paul S. Grewal issued the order in San Jose, Calif., on March 6, following claims from the plaintiffs' lawyers that Apple was withholding documents it had been ordered to produce.
Intel Inside iPhones, iPads Would Let Apple Kick Samsung Out
March 08, 2013
Intel's reported plans to provide more contract manufacturing of processors are renewing speculation that it will seek a deal with Apple to make chips for its iPads and iPhones, according to published reports. That could leave Samsung, which makes chips for iOS devices, out of the picture.
Does Apple Need a Bigger Stick - or Charm School?
March 07, 2013
Apple, in so many ways, is now king of the hill. As such, behind every rock on the Web there seems to be a new charge to knock Apple down. If a competitor isn't charging the hill, Apple seems to be the target for stone-throwing. It's not that this is unexpected; the rise and fall of companies -- and Hollywood starlets -- is commonplace.
Sinking Stock May Signal End to Apple's Glory Days
March 06, 2013
Apple's stock price is having another queasy week, falling to a 52-week low on Monday. The drop raised questions as to whether the consumer electronics company is either undervalued -- or if its sky-high earnings days are over. The stock price dipped as low as $419 on Monday, the weakest it had been since January of last year.
Judge Vaporizes Big Chunk of Apple's Billion-Dollar Win in Samsung Case
March 04, 2013
U.S. District Judge Lucy Koh on Friday struck more than $450 million from the damages a jury awarded to Apple in last summer's blockbuster verdict against Samsung. The jury found that Samsung had willfully copied a number of Apple's design and software patents for the iPhone and ruled that it should pay more than $1 billion in damages.
China Returns US Cyberattack Volley
March 01, 2013
What, China was just going to say nothing? On the heels of a report that China's military has for years been engaging in cyberespionage against the U.S., China's Ministry of Defense claimed that a pair of its military websites were attacked more than 100,000 times per month in 2012.

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