Vulture capitalist Carl Icahn wants Apple to buy back a massive $150 billion of its own stock. He told CEO Tim Cook that last night and plans to meet with the Apple CEO again in three weeks.
Editor’s Pick Android’s market share is a joke, and most tech writers aren’t getting the punchline.
Which doesn’t mean that working at Apple is easy. Or, that working for Tim Cook is easy.
The first part of Tim Cook’s answer was exactly what Wall Street wanted to hear. The second part, not so much.
Despite record revenue and iOS sales reported in today’s earnings report, Apple’s stock has sunk a staggering 10 percent in after-hours trading.
Fueled by concerns that iPhone 5 demand has weakened, investors are abandoning Apple, sending the company’s stock under the $500-per-share mark.
Apple may be the most valuable company in the world, but it’s clearly not invincible.