Steve Jobs' death, competition from Samsung, and failure to innovate have been blamed for Apple's stock plunge. The real reason may be much less obvious.» Read More
Apple Inc.'s iPhone is celebrating its first complete weekend on store shelves and early reports suggest blockbuster sales. Piper Jaffray is out with a report saying that Apple and AT&T sold a staggering 500,000 iPhones in 48 hours. Both Piper and Global Crown Capital say AT&T stores sold out of their inventory by Saturday afternoon, and a quick check of Apple's website this morning to gauge availability shows it spotty at best at so many retailers. Only two stores in California, both in San Francisco, show availability of any kind. And Piper says 16% of Apple stores have sold out.
Apple’s iPhone has the potential to change everything in the handheld market, but won’t instantly turn competing devices into antiques, making them candidates for the Smithsonian.
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Apple’s iPhone could change everything in the handheld market, but even competitors are likely to ride the tidal wave of enthusiasm for the device. The lines of customers clamoring to buy the iPhone this Friday will be “staggering,” predicts Kevin O’Marah, an analyst at AMR Research. But he expects Apple’s rivals to respond quickly, which could reinvigorate the telecommunications industry.
Update: I am out of the office Monday the 25th through Wednesday. Be sure and check back with me later this week. One week from today, Apple Inc. will unleash its iPhone on what appears to be a ravenous marketplace; panting about the prospects, pouting about the long lines expected and the chance consumers who want one may not get one on that first day. For Apple though, it's all about ringing up sales, or racking up risk: Will iPhone measure up to all the hype it has enjoyed these past several months. What hype, you might ask?
As Apple prepares to debut the iPhone in 11 days, David Garrity, director of research at Dinosaur Securities, joined “Morning Call” to weigh how it will compete with other “smart phones” on the market.
Apple Inc. shoots down two of the biggest criticisms of its upcoming iPhone, and does so with gusto! Not an easy trick since the iPhone is still almost two weeks away. But that hasn't stopped critics and pundits from taking on the technology inside what some are calling the "Jesus Phone" because of the universal hype surrounding the product. A kind of "Second Coming" for technology brought to us by the High Lord of Cupertino. Well, you get the gist.
You gotta hand it to ThinkEquity Partners' Apple analyst Jonathan Hoopes who broke from the Street pack and, (the horror!), downgraded Apple Inc. today. Downgraded? Apple? That's like oil and water! Paris and freedom! The last time Apple was downgraded? Citigroup, on April 26th, when Apple was trading at around $90 a share. Those poor Citigroup clients missed another 33% to the upside since that downgrade was published.
Taking aim at Microsoft's Internet Explorer and its 78% market share, Apple announced that it will launch a version of its Safari web browser that will run on Windows PCs. CEO Steve Jobs boasted: "What we've got here is the most innovative browser in the world and the most powerful browser in the world."
This is CNBC.com's real-time coverage of Apple CEO Steve Jobs delivering the keynote at the Apple Worldwide Developers Conference in San Francisco.
CNBC.com will provide real-time minute-by-minute coverage as Apple CEO Steve Jobs delivers his keynote talk at the company's Worldwide Developers Conference in San Francisco next Monday at 1PM ET.
The Securities and Exchange Commission filed charges against two former Apple officers in its stock options backdating case, but questions remain about whether CEO Steve Jobs will emerge unscathed amid new accusations.
Apple's former finance chief said on Tuesday he relied on Chief Executive Steve Jobs in the handling of backdated stock options, putting the spotlight on the company's co-founder inthe scandal.
Apple CEO Steve Jobs received a salary of $1 last year, which is unchanged from his 2004 and 2005 salary, according to a filing with the Securities and Exchange Commission
The Walt Disney Co. could have to pay up to $33.5 million to rectify improper backdating of stock options that were granted to Pixar employees before Disney bought the company, a regulatory filing states.
Apple’s Co-Founder and Chief Executive Steve Jobs is the “ultimate CEO who matters,” according to a ranking by Barron’s magazine. The annual ranking of top CEOs from around the world seeks to identify the corporate leaders who have top-notch reputations in the financial community and would be missed by investors if they unexpectedly left their jobs.
There's some upward bias in stocks this morning but for now the market is without much direction. European markets are higher. Japanese stocks ended higher though Hong Kong slid. The yen is lower against the U.S. dollar as the G7 meets in Essen, Germany today. The yen has widely been expected to be a discussion topic.
Music company EMI Group -- home of The Rolling Stones and Coldplay -- has been talking with online retailers about possibly selling its entire digital music catalog in MP3 format without copy protection, the Wall Street Journal reported Friday, citing numerous people familiar with the matter.
Music executives have dismissed Steve Jobs' call for the end of digital rights management technology as disingenuous, the Financial Times reports.
Apple Chief Executive Steve Jobs called on the four major record companies to start selling songs online without copy protection software known as digital rights management.