Will its undeniable that Apple (NASDAQ:AAPL) has talent — four of the company’s lieutenants occupy four of the top five positions on Bloomberg’s rankings of the highest paid employees at Standard & Poor’s 500 companies, investors are still concerned that the company is struggling with innovation. Adding to last week’s losses, shares of the iPhone maker moved further down on the stock chart Monday. The stock ended the day down $9.95, or 2.32 percent, at $419.85 — scarily close to its 52-week low of $419.55. Here’s a cheat sheet to today’s top Apple stories:
Is Foxconn Preparing to Pump Out Apples?
There is a good bit of uncertainty swirling around Apple lately, but it would seem that the company is ramping up production based on reports that Foxconn (FXCNY.PK) has been increasing hiring. According to KGI Securities analyst Ming-chi Kuo — who has a proven track record of predicting products, releases, and performance – Apple could be running behind on the estimates a lot of other analysts have been making. He cited potential problems with the technology in the iPhone 5S, iPad Mini 2, and a low-cost iPhone that would push launch dates past the average forecasts
However, one indicator that could signal that Apple’s situation is not as bad as rumored is an increase in laborers producing the devices at Foxconn… (Read more.)