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.
You know the great rivalries: dogs vs. cats, Yankees vs. Red Sox, Coke vs. Pepsi. Then there's Apple Computer vs. Microsoft. Two technology-sector observers joined "Power Lunch," to weigh in on the clash of these tech titans. Apple's Mac was its first big product but Richard Stice, hardware equity...
The meeting Apple's CEO Steve Jobs had last week with SEC and U.S. Justice Department officials over stock backdating--might not turn out to be much at all--according to CNBC's Jim Goldman. The meeting was reported today by Bloomberg. But Goldman says people he talked to --don't expect anything to come from all this. In fact--it seems even the probe by government officials may just end up "going away."
Stocks in the U.S. for now look headed to open flat to lower-- after yesterday's rocky trading. Europe is moving lower and oil is getting a lift from cold weather. Some big companies will roll out earnings reports today, to a market that has become hypersensitive to corporate earnings growth. Bank America, Johnson & Johnson and DuPont all report today.
The 21st century’s version of the new economy is facing a tech meltdown. Or is it? Two experts weighed in on technology stocks for “Power Lunch.” Joseph Parnes, president of TechnoMart Investment Advisors, sees opportunity in market danger. He told CNBC’s Bill Griffeth that “institutions, pension funds” that took a beating on....
The company making the biggest splash at the annual Consumer Electronics Show in Las Vegas last week was not even there: Apple Computer, which debuted its highly anticipated multimedia iPhone at its Macworld show.
Apple's stock fell on Friday after investors learned that Federal Authorities are investigating a backdated grant of stock options to Apple CEO Steve Jobs that had a false October 2001 date.