Trading may have been halted on Nasdaq-listed stocks but the tweets were still flowing on Twitter.
Step forward Carl Icahn, the activist investor, who picked this moment to update his 67,000 followers on his campaign to persuade Apple to hike its share buyback. Read more
Count Larry Ellison among the Apple bears. The Oracle chief executive, who has described himself as one of Steve Jobs’ closest friends, told CBS News that the iPhone and iPad maker’s prospects are dim without its “brilliant” co-founder. Read more
It is three months since Apple announced a whopping $100bn return of cash to investors, topping up its existing $45bn dividend plans with what it billed as the biggest share buyback scheme in American corporate history.
In the weeks that followed that announcement, Apple’s shares soared, finally emerging from the months-long funk that saw them dip below $400. But that rally went into reverse as soon as Apple paid its next dividend on May 9. Read more
Dropbox chief executive Drew Houston didn’t mention iCloud once during his presentation at the cloud storage company’s first ever developer conference on Tuesday. But as Dropbox rolls out its new platform tools – allowing apps to synchronise not just files and folders but progress in games, realtime sketches or any other kind of data from one device to another – it’s clear that Apple was the unnamed competitor that Mr Houston has to take on. Read more
No wonder Tim Cook has escalated Apple’s position on the television market from “hobby” to “area of intense interest” in recent months. New figures from Apple suggest that it’s making at least $3m a day from TV and movie downloads. Read more
It may seem hard to understand how one could go bankrupt selling iPads and MacBooks in one of Europe’s richest countries, but that is what happened Tuesday to iCentre, the largest Apple reseller in the Netherlands, writes Matt Steinglass in Amsterdam.
A judge in the Dutch town of Haarlem proclaimed the 34-store chain bankrupt on Tuesday, after a week of negotiations between the company, its creditors and potential buyers failed to produce a rescue plan. And on closer inspection, iCentre’s fate is not so hard to explain. Like other Apple resellers, iCentre was coping with a long-term shift from notebook and desktop computer sales towards smartphones and tablets, which have lower profit margins. Read more
It was the moment designers and Apple fans alike have been waiting for since October: Sir Jonathan Ive – spiritual heir to Apple’s chief tastemaker Steve Jobs and creator of the world’s finest tech hardware – unveiled his vision for iOS on Monday in San Francisco.
After seven months of anticipation, perhaps some anticlimax was inevitable. But a lot of designers are already taking to the web to voice their dislike of iOS 7’s new look. Read more
Apple chief executive officer Tim Cook took the hot seat on Tuesday morning in Washington to answer questions about a tax planning strategy that has enabled it to avoid billions of dollars of taxes.
Carl Levin, chairman of the Senate investigations committee, set the tone with his opening remarks, noting that just in 2012, Apple had exploited tax loopholes allowing it to avoid $9bn in US taxes. Such practices, he said, did “real harm” to the US economy, disadvantaging domestic companies that don’t make use of “tax gimmicks”.
You can watch the hearing here, read Mr Cook’s written testimony here and read the Senate committee’s report on Apple’s tax structure here.