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Apple Inc. (AAPL) News: Refusal to Direct Access, Dramatic Stock Fall, iPhone Exchange Plan & More

Editor’s Note: Related tickers: Apple Inc. (NASDAQ:AAPL), Yahoo! Inc. (NASDAQ:YHOO), Google Inc (NASDAQ:GOOG), AT&T Inc. (NYSE:T), T MOBILE US INC (NYSE:TMUS)

Apple to Yahoo Deny Providing Direct Access to Spy Agency (BusinessWeek)
U.S. technology providers from Apple Inc. (NASDAQ:AAPL) to Yahoo! Inc. (NASDAQ:YHOO) said they don’t give the U.S. government direct access to their systems, responding to newspaper reports of a top-secret electronic surveillance program. The National Security Agency and the Federal Bureau of Investigation access the central servers of nine U.S. Internet companies, extracting audio and video chats, photographs, e-mails, documents and connection logs, the Washington Post and the U.K.-based Guardian reported late yesterday, citing documents they obtained.

Apple Inc. (NASDAQ:AAPL)

Apple Inc. (AAPL) Stock Looks Risky (ETFDailyNews)
Apple Inc. (NASDAQ:AAPL) has faced its share of challenges since the stock hit a record high above $700 per share last fall. Following its dramatic fall from that peak, many have wondered if the stock now represents a value… or a value trap. Particularly with Google Inc (NASDAQ:GOOG) continuing to trade near its highs, the comparison between these two tech behemoths is hard to escape. In the video below, contributor Doug Ehrman discusses the relative value of Apple Inc. (NASDAQ:AAPL) in its own right, and looks at some pros and cons for the stock.

Apple Said to Start IPhone Trade-In Program in Stores (Bloomberg)
Apple Inc. (NASDAQ:AAPL) is starting an iPhone trade-in program this month aimed at getting users to upgrade to the iPhone 5 and turn in older models, people with knowledge of the plans said. Apple has teamed up with Brightstar Corp. (STAR), a mobile-phone distributor, to run the exchange program, said the people, who asked not to be identified because Apple Inc. (NASDAQ:AAPL) hasn’t publicly announced the plan. Brightstar also handles trade-ins for AT&T Inc. (NYSE:T) and T MOBILE US INC (NYSE:TMUS), as well as other carriers and device makers, amid brisk demand for refurbished iPhone 4s and 4Ss in emerging markets. By offering money for older smartphones, Apple Chief Executive Officer Tim Cook is seeking to entice consumers to upgrade to the latest models, part of the company’s efforts to reignite sales growth and combat declining shares.

Apple Inc. to Increase Workforce by 50 Percent at Cupertino, Translates to 7,400 More Employees by 2016 (LatinosPost)
Apple Inc. (NASDAQ:AAPL)’s about to get even bigger. The tech giant is reportedly determined to increase its workforce by 50 percent within the next three years. According to CBS News, Apple is projected to hire an additional 7,400 workers at its Cupertino, Calif., headquarters as it prepares to build a new office building in 2016. Apple currently has 16,000 employed at or around its California headquarters, at facilities in Sunnyvale and Santa Clara. However, Apple Inc. (NASDAQ:AAPL) is responsible for approximately 73,000 workers worldwide.

Google Inc (GOOG) Play Store Is Catching Up, But Apple App Store Has All The Revenue (DazeInfo)
Apple Inc. (NASDAQ:AAPL) had a head start in mobile software sales, as it launched its App Store earlier than the Android market, now called Google Play, by its arch rival Google Inc (NASDAQ:GOOG). Apple App Store vs. Google Play Store, this fight is ongoing but it looks like Google Play Store has won this round in terms of downloads. Apple recently declared that its 50 billionth iOS App had been downloaded; however Google Inc (NASDAQ:GOOG) is closing the gap, and having declared just one day earlier that it had seen 48 billion Android Apps downloaded. Google is quickly gaining the ground, this may be because of large number of Android devices being sold, but still Apple Inc. (NASDAQ:AAPL) App Store is leading with high revenue. Google Inc (NASDAQ:GOOG)’s Play Store witnessed an 8% jump in App revenue in the month of April 2013.

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