Carl Icahn tells Tim Cook: Apple share price dramatically undervalued October 9, 2014 Infamous activist investor Carl Icahn has published in full a letter to Apple urging Chief Tim Cook and board executives to buyback shares. Icahn tweeted yesterday about the letter to Cook hinting "Believe it will be interesting." In the letter, Icahn said Apple was "dramatically undervalued in today's market" and that "the more shares repurchased [...]
Apple share price rises after Carl Icahn tweets about letter to Tim Cook October 8, 2014 Billionaire investor Carl Icahn boosted Apple’s share price again yesterday after publishing a cryptic tweet signalling further agitation towards the US tech giant Icahn, who boosted the value of Apple’s market cap by $17bn in August 2013 after tweeting about his holding in the company, said he would publish more details in a letter [...]
Apple share price rises even as EU claims Irish tax deal may have broken laws September 30, 2014 The European Union yesterday accused Ireland of breaking its EU tax laws by letting Apple shelter tens of billions of dollars worth of profits from revenue collectors in return for maintaining jobs. Europe’s Competition Commissioner Joaquin Almunia wrote to Dublin that tax deals agreed in 1991 and 2007 amounted to state aid and might have broken EU [...]
iPhone 6 hits China retailers after Apple wins regulatory approval September 30, 2014 Apple has been granted approval to sell the iPhone 6 and iPhone 6 Plus in China, 11 days after units began flying off the shelves in the UK and US. The Chinese government’s Ministry of Industry and Information Technology (MIIT) finally granted Apple a licence to sell its new product in the country, after [...]
Bend it like an Apple iPhone 6 Plus… September 25, 2014 Apple has leapt to the defence of its iPhone 6 Plus as social media was abuzz with allegations that it bends easily. The company said that only nine people had complained about a bent smartphone. It said that the iPhone 6 Plus passed stress tests. “With normal use a bend in iPhone is extremely rare [...]
US markets take a kicking as Apple share price falls following iPhone 6 and iOS8 issues September 25, 2014 Stocks across the US markets have got off to an awful start today, with Apple one of the biggest fallers. The S&P is having its seventh-worst day of the year and was down by 21 points at pixel time. Apple was the largest contributor to the S&P 500's growth last month as shares in the [...]
Richard Branson has spoken: Apple Pay is the future, Bitcoin regulation is a good thing and Sidecar is the startup app to watch September 25, 2014 City A.M. chatted with Richard Branson about his views on startups, why affordable space travel is imminent and what drove his decision to invest in a drone business. What’s the most exciting startup at the moment? I’m lucky in that I meet exciting startups virtually everyday. One that’s especially grabbed my attention lately [...]
Finally, Apple apologises over iOS 8 update – but what about the bendy iPhone 6? September 25, 2014 Apple made a statement overnight apologising for the "great inconvenience" created by its flawed iOS 8 operating software. The company has been the subject of criticism after it released the latest version of its mobile operating system earlier this month. It's 8.0.1 update, released yesterday designed to fix problems with its health app, caused further [...]
Samsung’s Apple-busting strategy: Pull its Galaxy Note 4 release date forward in China and South Korea September 24, 2014 Samsung will launch its brand new Galaxy Note 4 "phablet" ahead of schedule in China and South Korea this week. With Apple reporting record-breaking sales of its new iPhone 6 and iPhone 6 plus, Samsung has responded by getting its new product out in the two vast Asian markets at the earliest possible date. [...]
Apple sells record 10m iPhone 6 smartphones in just three days September 22, 2014 APPLE broke its own records over the weekend selling more than 10m iPhone 6 and iPhone 6 Plus devices. Last year, Apple sold 9m of its iPhone 5S and 5C in 11 countries. This year it exceeded that figure despite launching in just 10 countries, missing out on the huge Chinese market where it is [...]