Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker’s share price.
Noted stock pickers including Leon Cooperman and Thomas Steyer unloaded billions of dollars of Apple shares between Sept. 30 and Dec. 31, according to disclosure documents filed on Thursday.
Apple
Apple files response to shareholder lawsuit
Apple filed its formal response to the lawsuit initiated by Greenlight Capital’s David Einhorn and blasted the complaint as being without merit and nothing less than an attempt to hold shareholders “hostage” by forcing Apple to acquiesce to a specific plan for the issuing of preferred shares that would primarily benefit Greenlight Capital.
This is going to be interesting.
Putting 370 million Apple Store visitors in perspective
Bryan Chaffin:
Apple saw almost as many visitors to its retail stores as Disney sees at its theme parks around the world.
Wow. There are some other great comparisons in the chart too.
Global mobile phone sales declined in 2012; Apple #3
Worldwide cell phone sales were down in 2012, but strong demand for Apple products enabled the company to hold the third place spot for cell phone sales worldwide.
Tim Cook says Apple paid out $8 billion to devs
Apple CEO Tim Cook said today during his speech at the Goldman Sachs event that Apple has paid its developers more than $8 billion. That’s $1 billion more than the $7 billion the company announced it paid to developers in early January.
That’s a staggering number when you think about it. An addition $1 billion in a little more than a month.
Live stream of Tim Cook’s Goldman Sachs presentation
Apple is providing a live stream of the event which takes place February 12 at 7:15 am PT / 10:15 am ET.
Apple’s statement on returning cash to shareholders
Apple updating shareholders on its cash plans.
The absurdity of Apple vs Amazon
The stock market makes me want to drink… more than usual.
Apple trademarks store design
Apple has received a trademark for its retail store design.
Judge turns down Apple’s request to increase $1B verdict against Samsung
A judge turned down Apple’s request to increase its award from Samsung for violating six Apple patents.
Apple: iOS 6 already on 300 million devices
Apple says iOS 6 has been installed on more than 300 million iOS devices worldwide, or about 60 percent of all iOS devices ever made.
Apple TV updated with Bluetooth keyboard support, more
The Apple TV now works with bluetooth wireless keyboards, and gets other new features besides.
iOS 6.1 released
iOS 6.1 is available for download and installation.
In praise of the Apple Store
Scott McNulty’s comments about the Apple Store got me thinking about the Apple Store, and my conclusion is very different from his.
What tech company is healthier than Apple?
Wise words from Ben Bajarin.
AAPL falls victim to ‘overinflated expectations’
The problem with AAPL stock is the analysts, not the company performance.
Tim Cook on Apple earnings
Macworld summarizes Tim Cook’s own comments about Apple’s operations during his call with analysts yesterday.
Ranking the analysts
Philip Elmer-DeWitt’s ranks analyst winners and losers in the wake of Apple’s earnings call.
Let’s hear it for cannibalization? Not so fast
It’s easy to correlate the rise of iPad sales with the drop in Mac sales and assume it’s cannibalization. But is it?
Apple reports record revenue and record $13.1 billion profit
Apple on Wednesday said it had record revenue of $54.5 billion and record quarterly net profit of $13.1 billion.
The stupidest thing ever written about the MacBook Air
Matt Burns at TechCrunch is my pick as having written the stupidest thing ever about the MacBook Air.
15 years of Apple’s homepage
How many do you remember?
Siri’s roots lie with Defense Department project
The Huffington Post takes a look at Siri’s beginnings.
Investors struggle to get a handle on Apple
Apple’s stock performance is off, and this Wall Street Journal article attempts to decipher why.
The market wants Apple to unveil a time machine
Harvard Business Review:
The critics that are screaming right now are intellectually lazy. They’re throwing temper tantrums instead of looking at the big picture. Like two-year-olds, they don’t really know what they want. And they’re not happy when they get it, anyway. Apple could unveil a new car and they’d say Apple’s days are over because it’s just bet its future on an industry it knows nothing about. Not unlike, say, Apple’s entrance into the mobile phone industry. I bet that if Apple did unveil a time machine, they’d claim it wasn’t fast enough.Tim Cook is taking exactly the right approach, staying the course, despite distracting expectations swirling around him. Apple is a marvel of human achievement.
Don’t worry, Apple fans. This too shall pass.
Billions of dollars at stake if Apple’s stock stays low
Very interesting.
How Apple sets its prices
Discounts on Apple hardware are difficult to come by. Marco Tabini explains why.
Apple can’t respond to rumors of iPhone 5 cuts even if it wanted to
I’ve been asked a lot today why Apple hasn’t responded to the Wall Street Journal article saying that there have been massive cuts to iPhone 5 orders. The simple fact is, they can’t. […]
A note on Apple’s guidance
Benedict Evans provides a couple of charts comparing Apple’s guidance and results.
The importance of design to Apple
Nick Bilton:
What struck me about our brief conversation wasn’t that Mr. Cook was talking about two teensy buttons — this is Apple, after all — but that he never once mentioned the technology in the iPad Mini. Instead, he talked about one thing: design.
In all of the meetings I’ve had with Apple executives over the years, design is always one of the first things they talk about. There is an overwhelming sense of pride from everyone at Apple about the products they make.