Apple Recap: Buybacks, Blahnik, and More Patent Suits
Shares of Apple (NASDAQ:AAPL) are struggling to maintain the gains they etched out on the stock charts last week. The iPhone maker’s stock ended Tuesday down $6.67, or 1.31 percent, at $501.07. Here’s a cheat sheet to today’s top Apple stories:
How Will an Even Bigger Buyback Plan Impact Apple?
After receiving heat from hedge fund manager David Einhorn earlier this year, Apple announced the biggest capital return program in market history. The move marked a bottom for shares and placed more cash in the pockets of shareholders. However, there is another push for the world’s largest tech company to do more.
Last week, billionaire investor Carl Icahn posted on Twitter that his fund holds a “large position” in Apple. He believes the company is “extremely undervalued,” and had a “nice conversation” with chief executive officer Tim Cook about launching a larger buyback immediately. The activist investor did not disclose the amount of his investment, but the amount is believed to be around $1.5 billion… (Read more.)
Here’s Why It’s Time for Jay Blahnik to Join the Apple iWatch Team
Recent snooping from 9 to 5 Mac helps keep us in-the-know about Apple’s most recent developments that demonstrate it might just have an iWatch waiting in the wings. After hearing time and time again that the tech giant’s iPad and iPhone are its last big products, it now seems as though the Cupertino, California-based company is ready to dispel those rumors and continue to come out with potentially life-changing devices.
A recent hire could be key to ensuring Apple’s iWatch success, and that’s why analysts are sniffing out the company’s tracks to see if its predictions really are ringing true… (Read more.)
Will Apple Lose to This Major Patent-Licensing Company?
Patent-licensing company DataQuill has filed a patent-infringement lawsuit against Apple after the Cupertino-based company declined to purchase a license to the company’s multiple cellular telecommunications patents reports Patently Apple. The British Virgin Islands-based company accuses the iPhone maker of violating five of its patents. According to its website, DataQuill holds multiple patents relating to “the use of information exchange and information download over cellular telecommunications networks… (Read more.)
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