AAPL ▪ August 25

AAPL: 103.74

0.62
Stock Chart

The email Apple CEO Tim Cook sent to CNBC analyst Jim Cramer, and which was read on the air, may have violated Securities and Exchange Commission regulations, according to lawyers speaking to MarketWatch. The regulations are designed to ensure that information that may impact a company’s share price is made available to the public in a fair and open way, rather than privately disclosed to particular individuals or entities.

Cook’s email revealed that the growth in iPhone activations “has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks” – information that Apple had not previously disclosed …  expand full story

AAPL ▪ August 24

AAPL: 103.12

-2.64
Stock Chart

$AAPL stock has opened below $100 in the first minutes of trading, erasing any gains since October 2014. Apple’s stock officially opened at $95.12 but has corrected slightly upwards since to circa $101. The fall in share price saw Apple’s market capitalization lose about $60 billion dollars in value today. Although any fall in price is bad news for the company, the 7% fall should not be taken at face value.

The whole market is down with losses across the board: the S&P saw a 5% overall fall — the largest one-day drop for four years. Technology stocks are being affected as much as any other sector. Twitter, Alibaba, Tesla and Netflix all saw falls in the double digits.

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Cook surprised Cramer on his 10th anniversary episode of Mad Money earlier this year.

Although the stock market is currently experiencing turbulence, with $AAPL stock dipping below $100 in pre-market trading, Tim Cook has made a rare exception and directly responded to CNBC analyst Jim Cramer who raised doubts about Apple’s Chinese growth. Cook notes that Apple has seen strong business growth for its products in China though July and August. Quoting from the email via CNBC:

Growth in iPhone activations has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks.

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AAPL ▪ August 12

AAPL: 115.24

1.75
Stock Chart

aapl-china

From some recent news reports and analyst pronouncements, we could easily get the impression that the relatively weak Chinese economy poses a major threat to Apple. The argument doing the rounds is that China is where Apple is seeing most of its growth at present, and the Chinese economy is tanking.

It’s absolutely the case that the importance of China to Apple cannot be overstated. Apple does continue to grow its sales in both the Americas and Europe, of course, and there is no suggestion that this is showing any sign of slowing, despite a saturated smartphone market. But worldwide growth of 33% was dwarfed by that seen in China, as one recent graph vividly illustrated.

If Chinese demand for Apple products were indeed to weaken significantly, there is no doubt that this would be a major problem for Apple. But it seems to me that the issue is being substantially over-stated …  expand full story

AAPL ▪ August 7

AAPL: 115.52

0.39
Stock Chart

One of the numbers disclosed in Apple’s Schedule 14A filing with the Securities and Exchange Commission was the amount Apple spends annually on protecting CEO Tim Cook. Patently Apple spotted the entry listing “security expenses in the amount of $699,133.”

Tim Cook rarely has much visible security when seen at public events, but bodyguards are doubtless there in the background. It’s likely that a sizeable chunk of the expenditure protects his surprisingly modest four-bedroom home …  expand full story

AAPL ▪ August 6

AAPL: 115.13

0.25
Stock Chart

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