Short sellers 'mugged' Apple stock in late April
Shares of Apple stock were bludgeoned down to their lowest price in over a year in April, thanks in part to an assault by short sellers who took a record interest in the company late in the month.
Neil Hughes is an award winning journalist who lives in Brooklyn, New York. After working for years in newspapers and magazines, he joined AppleInsider in 2009, and served as the website's editor in chief for nearly a decade, chronicling the rise of the iPhone, the loss of Steve Jobs, and all the other highs and lows as Apple grew to become the most successful technology company in the world. As a respected and renowned expert on technology, finance and industry trends, Neil has appeared in a variety of media outlets, including NPR, CNN, the BBC, USA Today, CNBC, Bloomberg and more.
Neil is now an AppleInsider contributor, drawing on his years of experience spent closely covering Apple, offering a unique perspective on the company's products and direction. He is a graduate of the College of Journalism and Communications at the University of Florida.
Shares of Apple stock were bludgeoned down to their lowest price in over a year in April, thanks in part to an assault by short sellers who took a record interest in the company late in the month.
The executive body of the European Union is investigating whether Apple is engaging in anticompetitive practices with its iPhone sales tactics across the continent.
The next full-size iPad from Apple will launch toward the end of 2013, after Apple's next iPhone, and the new tablet will gain a rear-facing microphone much like the iPhone 5, a new report claims.
Despite growing competition from other tablets, Apple's iPad still accounts for a whopping 89.28 percent of e-commerce website traffic, and also rakes in more money on a per-user basis than any other platform.
Book publisher Penguin announced on Wednesday it has reached a $75 million "comprehensive agreement" with U.S. State Attorneys General and private class plaintiffs over e-book price fixing allegations connected to Apple and its iBookstore for iOS.
In its ongoing litigation against Samsung, Apple has added five new patents to its claims, targeting both the company's new flagship Galaxy S4 smartphone, as well as the Google Now service for Android.
Though they weren't grilled before a U.S. Senate subcommittee on Tuesday like Apple, Google and Yahoo rely on Irish subsidiaries to avoid taxes on billions of dollars in income, and they go one step further than Apple by utilizing offshore accounts.
Appearing before a U.S. Senate subcommittee on Tuesday, Apple Chief Executive Tim Cook defended his company as a proud American business that pays more in taxes than any other U.S. corporation.
In opening remarks of a hearing Tuesday morning, the U.S. Senate Permanent Subcommittee on Investigations accused Apple of being the mastermind of elaborate tax avoidance practices that are unique to the iPhone maker.
With Apple under fire for its low international tax rate thanks to corporate subsidiaries housed in Ireland, the Irish government has spoken out on the matter, saying its laws are not to blame.
When Apple Chief Executive Tim Cook testifies before the U.S. Senate this week, he will make his case for comprehensive corporate tax reform, arguing that the current tax system actually undermines the competitiveness of American companies.
For every person who visited an Apple retail store last quarter, the company took in a record setting $57.60 in revenue, according to a new analysis.
With Intel's next-generation Haswell processors set to launch in a matter of weeks and WWDC to kick off soon after, availability of Apple's 13-inch MacBook Air had begun to dry up at major authorized resellers.
The purchase of 18,000 iPads for use as electronic flight bags has set the stage for the U.S. Air Force to save more than $50 million over the next 10 years.
An iPhone-driven e-wallet service from Apple could simplify checking out at the store by presenting users with options based on data such as their location, current balance, or applicable rewards cards.
Gains made by Google's Android platform chipped away at the smartphone market share of Apple's iOS in the first quarter of 2013, while Microsoft's slow-growing Windows Phone managed to surpass BlackBerry in the battle for third place.
Google's response to Apple's Game Center was announced on Wednesday in the form of Google Play game services, a cross-platform series of developer tools that will support iOS as well as Android and the Web.
A mobile version of EA's powerful Frostbite engine, used to create recent titles in series such as "Battlefield" and "Need for Speed," will be coming to Apple's iPhone and iPad.
While Apple increased its iPhone sales year over year, its share of the global smartphone market shrank to 18.2 percent in the first quarter, according to data from Gartner.
A major software update for Philips' Hue app brings an enhanced user experience to the multi-colored connected LED lighting system, granting owners location-based control of bulb settings, support for the "If This Then That" Internet automation service, and recurring "calendarized" scheduling.
With iPhone owners restricted by capped data plans on the largest U.S. carriers, cable sports network ESPN has expressed interest in potentially subsidizing those data plans to allow users to stream video without worrying about overage fees.
While a report about Apple supplier Pegatron this week claimed demand for the iPad mini has been softening, the company's CEO has revealed in a follow-up that he said nothing of the sort.
UniKey on Wednesday announced the new Kwikset Kevo, a Bluetooth-connected deadbolt door lock that pairs with Apple's iPhone to make fumbling with house keys a thing of the past.
Samsung's profitable smartphone business has caused the South Korean company's cash to swell to nearly $40 billion, with a net cash position of $28.5 billion when debt is factored in.
On a recent trip to visit with tech suppliers in Asia, Morgan Stanley's Katy Huberty received word that multiple new iPhone models will begin production the June-July timeframe.
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