“Apple shareholders are meeting in Cupertino today and there is no shortage of issues to discuss,” Jon Fortt reports for CNBC.
“The company faces growing concerns over labor conditions in factories in China, a dispute over the iPad trademark and it has been the recent target of privacy concerns,” Fortt reports. “Despite the problems Apple is facing though, the company’s stock continues to climb higher, up about 20 percent year-to-date, and its product sales remain more than impressive.”
Fortt reports, “Apple sold 37 million iPhones and 15.5 million iPads in the fourth quarter alone. An iPad 3 is expected to be released in March, however, it is not expected that the new product will be brought up at the shareholder meeting.”
Full recap of the meeting here.