AAPL Company Today

AAPL: 94.19

-0.99
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In the middle of seemingly stalling profits and a general slowdown of the smartphone industry — like Apple‘s notable first quarter of YoY growth drop in yearsSamsung seems to be enjoying a moment of sunshine bathing.

Eleven months after losing the leadership to the Cupertino giant, the Korean manufacturer has climbed once again to the top of the US vendors’ list, as per a Counterpoint Research report (via Business Korea)…

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AAPL Company May 3

AAPL: 95.18

1.54
Stock Chart

According to a report from Fortune and her LinkedIn profile, Apple has recently hired former Nest executive and co-founder of Google X Yoky Matsuoka. At Nest, Matsuoka was the head of technology. According to the report, Matsuoka is joining Apple to help with its health initiatives, including ResearchKit, HealthKit, and CareKit. Matsuoka will report to chief operating officer Jeff Williams who oversees all of the company’s health projects.

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After focusing on Apple’s second quarter earnings and the subsequent reaction by Wall Street in the first part of his interview on CNBC’s Mad Money, Apple CEO Tim Cook got a little more personal in part two. During today’s portion of the interview that just aired, Cook talked about his personal motivation for creating products, as well as people he looks up to and more.

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The Apple sponsored 2016 Met Gala was held last night and in attendance was Tim Cook, Jony Ive, and Laurene Powell Jobs, the widow of Steve Jobs. In addition to delivering opening remarks for the event yesterday afternoon and serving as its co-chair, Jony Ive also sat down with fashion news outlet Business of Fashion to discuss the Met Gala’s “Manus x Machina” theme, as well as some more Apple-specific topics.

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Tim Cook’s interview on CNBC last night highlighted the huge gulf between his optimistic view of Apple’s future prospects, and the pessimistic one being expressed in both Wall Street commentary and the share price.

The share price speaks for itself. As Business Insider notes, the stock has dropped 11% since Apple announced its first-quarter earnings, and 27% over the past year. Even billionaire investor Carl Icahn – who once couldn’t stop talking about how under-valued AAPL was – sold 7M shares back in February and has now dumped the stock altogether. Not the greatest expression of confidence in the company’s future.

Analysts have been queuing up to pronounce that Apple is doomed, the iPhone is on a slide, it’s all over. Tim Cook, meanwhile, claims that Wall Street is guilty of ‘hugely over-reacting’ to a short-term glitch …

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Bloomberg speculates that India could refuse to grant Apple permission to sell used iPhones in the country citing comments from a telecommunications ministry official today.

The U.S. company’s application has been turned down, the official said, asking to not be identified, citing official policy [whileApple declined to comment.

Apple had hoped that used iPhone sales would be a good way to get a foothold in a country where its market share is just 2%, and where 80% of phones cost less than $150. Its iPhone Upgrade Program in the United States gave the company a plentiful supply of used phones that it could have sold at much lower prices in India without sacrificing margin, which must have seemed like the perfect plan … 

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