“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.
“Cook responded saying that a high percentage of Apple employees are contributing to education causes and Apple is matching their donations.”
Good to see that Job’s life-long “match” principle about this lives on.
OK. We all heard it from the man himself. There will be no further stock splits. Hopefully this puts all the rumors to rest.
As for the ‘no comment’ comment on the TV, is that a confirmation?
It wasn’t a no comment. It was a ‘The ship doesn’t leak from the top anymore’.
Cook on Steve Jobs “”There’s not a day that goes by that I don’t miss him.”…says his sadness has turned to determination.
Shazam! How more focused can a person be? Did anyone else just feel a seismic tremor?
I think what Tim is saying is that “Ain’t nothing bad happening to this company on MY watch.”. Boy oh boy, we truly ain’t seen nothing yet (now that Apple is a devices company who happens to make computers too…).
I’ve never seen so many people at a shareholders meeting. At 9:00 the auditorium was filled, by 9:45 the overflow TV room was filled and all the others were shuttled off campus to another auditorium for a TV feed.
Tim Cook seemed very relaxed and injected humor in a natural way. He answered questions in typical Apple fashion, letting us know precisely what they want us to know. With Tim Cook I think AAPL is in good hands.
Apple has bought both the team and technology behind Chomp, a mobile app search engine that could find apps for users based on vague descriptions of what the apps actually do rather than by title or publisher, TechCrunch is reporting. All 20-plus employees will likely be transitioned into Apple employees, and the technology may be used as part of a rumored App Store redesign to help focus app searches.
Read more: http://www.electronista.com/articles/12/02/23/could.herald.revamped.app.search/#ixzz1nGiiljxZ
That would be awesome. Right now, finding what I want in the various App stores is a colossal pain in the butt. It’s stupid that there aren’t any subdivisions beyond “Graphics and Art” in the App Store for Mac, so I have to wade through all the thumbnail programs and gimmick webcam programs to try and find what I need.
Labor conditions eh?
I just had a meeting with my lawyer here in Shenzhen, he pointed out interesting thing:
Some people say now that this is Apple’s way of smoking the competition out of the market. Apple can pay more for their stuff but many of the competitors can’t afford to have their factories inspected (forced to increase wages, working conditions and fix the environmental issues). Once you get the inspectors rolling, they like to sell their services to other governments, organizations etc. or whoever wants to use the factory conditions as a weapon. And me too welcome the new overlords to give me more work opportunities.