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Apple shares fall as buyback, dividend hike fail to please

April 24, 2013 05:45
(Reuters) - Shares of Apple Inc are set to open down 3 percent on Wednesday as the company's plan to return $100 billion in capital failed to appease shareholders shaken by the iPhone maker's first quarterly drop in profit in a decade. A soft outlook from Apple for the current quarter prompted at least 17 brokerages to slash their price targets on the iPhone maker's shares by up to $180 per share. Apple forecast revenue of $33.5 billion to $35.5 billion this quarter, lagging Wall Street's average expectations of $38.2 billion.

Apple's cash plan takes heat off Cook, buys him time

April 24, 2013 00:00
By Poornima Gupta and Ben Berkowitz (Reuters) - Tim Cook wants investors to "think different" about Apple: less as a hyper-growth startup-like company and more as a mature but robust technology corporation with the world's biggest dividend. If Wall Street follows Apple Inc's famous advertising slogan of old, it may relieve some of the pressure on Apple's chief executive, quiet investors' grumbling about its recent share price slide, and buy the company time to do what it says it does best: come up with and market new products.

Apple unlocks more cash for investors as profit slides

April 23, 2013 17:00
By Poornima Gupta SAN FRANCISCO (Reuters) - Apple Inc on Tuesday bowed to investors' demands to share more of its $145 billion (95.1 billion pounds) cash pile, while posting its first quarterly profit decline in more than a decade. The new expanded capital plan includes issuing debt for the first time to fund $100 billion in share repurchases and higher dividends until the end of 2015. That doubles the amount from a program set up last year and makes Apple the largest dividend-paying company in the world.

Supplier woes stir Apple demand fears, Asian parts makers dive

April 17, 2013 12:31
By Poornima Gupta and Noel Randewich SAN FRANCISCO (Reuters) - Apple Inc's shares fell below $400 on Wednesday for the first time since December 2011 after a U.S. chip supplier's disappointing revenue forecast fanned fears about weakening demand for the iPhone and iPad as competition intensifies.

Apple apologises to Chinese consumers, revamps service

April 1, 2013 13:45
By Terril Yue Jones and Poornima Gupta BEIJING/SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook apologised to Chinese consumers on Monday and altered iPhone warranty policies in its No. 2 market after more than two weeks of condemnation in the state-run media of its after-sales service.

Popularity helps buffer Apple from Chinese state-media attacks

March 27, 2013 06:16
By Melanie Lee SHANGHAI (Reuters) - Chinese Internet users are crying foul over the perceived unfair treatment doled out to Apple Inc by state-run media which has actively criticised the smartphone maker for the past two weeks over its warranty policy. Apple and Volkswagen AG were singled out on March 15 by state-run China Central Television in its annual corporate malpractice expose. CCTV accused Apple of having discriminatory after-sales service in China compared to the rest of the world.

EU regulator monitors Apple iPad and iPhone distribution

March 22, 2013 09:15
By Foo Yun Chee BRUSSELS (Reuters) - The European Union is looking into potential antitrust violations involving the distribution of Apple Inc's iPhones and iPads, after receiving what sources said were informal complaints from telecoms operators. The complaints involve handset subsidies and marketing that the world's most valuable technology corporation sign-off with operators that carry its smartphones and tablets, and also includes subsidies that carriers pay to Apple, one of the three sources told Reuters on Friday.

Apple investors pay more for downside bets

March 21, 2013 19:00
By Doris Frankel (Reuters) - The steady slide in long-time market darling Apple Inc has brought in options investors willing to pay more for bearish bets than at any time in the last four years. Apple, with a market value of more than $425 billion (280.1 billion pounds), is the most valuable U.S. company. Its stock price has fallen 35.5 percent since its closing peak of $702.10 on September 19, 2012.

Apple CEO Cook ordered to testify in e-books case

March 13, 2013 13:30
By Nate Raymond NEW YORK (Reuters) - Apple Inc Chief Executive Tim Cook must sit for a deposition in the U.S. government's lawsuit against the company over alleged price-fixing in the e-book market, a judge ruled on Wednesday. U.S. District Judge Denise Cote in Manhattan granted the Justice Department's request to compel Cook to testify for four hours in the lawsuit, which accuses Apple of conspiring with five publishers to raise e-book prices.

High stakes if Apple e-books antitrust case goes to trial in U.S.

February 13, 2013 11:51
* Apple stands alone after publishers settle * Trial is set for June 3 in New York federal court By Andrew Longstreth NEW YORK, Feb 13 (Reuters) - As the only remaining defendant in the U.S. government's e-books antitrust case, Apple Inc appears headed for a high-stakes trial that could significantly increase the personal computer company's liability in related litigation.
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