Apple Inc. (AAPL): Worth The Risk? (ETFDailyNews)
Apple Inc. (NASDAQ:AAPL) stock price has been dormant after declining for most of the first half of 2013, as competition in the mobile space has eroded investor sentiment. The stock price is well off its 52-week high and only 10% off its 52-week low. Moving forward investors will need to see if Apple Inc. (NASDAQ:AAPL) will create products that are revolutionary or evolutionary. Without the input of former CEO Steve Jobs the latter is more likely. Apple Inc. (NASDAQ:AAPL) seems to have moved from being perceived as a high growth stock to a value proposition with a solid dividend yield.
Apple warns of “chilling effect” as antitrust trial ends Yahoo)
Apple Inc. (NASDAQ:AAPL), on trial for allegedly colluding to raise the price of e-books, said on Thursday an adverse ruling would have a “chilling effect” on how businesses investigate new markets. If Apple was found guilty, it would “send shudders through the business community” by condemning the ordinary negotiations that companies undertake to enter new markets, the company’s lawyer, Orin Snyder, said on the last day of the trial. “We submit a ruling against Apple on this record sets a dangerous precedent,” Snyder said. The U.S. Justice Department accuses Apple Inc. (NASDAQ:AAPL) of conspiring with U.S. publishers beginning in late 2009 to increase the price of e-books in an effort to undercut the pricing established by then-dominant Amazon.com Inc. The publishers have settled with the government.
Apple Inc. To Provide 30,000 iPads To 47 L.A. Schools (NeonTommy)
In a 6-0 vote on Tuesday, The Los Angeles Unified School District Board of Education agreed to a $30 million contract with Apple Inc. (NASDAQ:AAPL), that will put 30,000 iPads in the hands of students. “This is one of the most high-profile contracts this board will ever approve,” board member Steve Zimmer said during the voting process. The Board’s decision is the first phase of the ‘Common Core Technology Project Plan’ (CCTPP), a lengthy educational overhaul aimed at bridging the “digital divide” between students of different demographic or income groups.
Apple Denies Fixing E-Book Prices in Antitrust Trial Closing (BusinessWeek)
Apple Inc. (NASDAQ:AAPL) made a final pitch to defend itself against U.S. charges it led publishers in a scheme to fix the prices for electronic books, with the company’s lawyer telling a judge that it did nothing wrong. “Apple did not conspire with a single publisher to fix prices in the e-books industry,” Orin Snyder, Apple Inc. (NASDAQ:AAPL)’s lawyer, told U.S. District Judge Denise Cote yesterday in his closing argument at the end of a civil antitrust trial in Manhattan. “Apple acted lawfully and did not violate the antitrust laws.”