Apple’s stock has split five times since the company went public. The stock split on a 4-for-1 basis on August 28, 2020, a 7-for-1 basis on June 9, 2014, and split on a 2-for-1 basis on February 28, 2005, June 21, 2000, and June 16, 1987. In each of the five times that Apple has split its stock, it was undergoing strong growth in sales and profitability, save for the split in the year 2000, when sales dipped between the dot-com bust and the release of the iPod in October 2001. It has been nearly four years since Apple’s last stock split. In the last two splits, the company appears to have intended to bring the share price down to…

Apple is the Online Safety Bill as it could be used to force encrypted messaging tools like iMessage, WhatsApp, Signal and other to scan messages for, ostensibly, child sexual abuse material (CSAM). Apple’s opposition comes as 80 organizations and tech experts have written to UK Technology Minister Chloe Smith urging a rethink. Chris Vallance for The Beeb: Apple told the BBC the bill should be amended to protect encryption. Police, the government and some high-profile child protection charities maintain the tech – used in apps such as WhatsApp and Apple’s iMessage – prevents law enforcement and the firms themselves from identifying the sharing of child sexual abuse material. But in a statement Apple said: “End-to-end encryption is a critical capability…

A U.S. judge has rejected Apple’s bid to toss a class-action lawsuit that accuses CEO Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China. Apple CEO Tim Cook Jonathan Stempel for Reuters: U.S. District Judge Yvonne Gonzalez Rogers’ decision late Monday night clears the way for shareholders led by a British pension fund to sue over a one-day plunge that wiped out $74 billion of Apple’s market value. The lawsuit stemmed from Cook’s comment on a Nov. 1, 2018, analyst call that while Apple faced sales pressure in markets such as Brazil, India, Russia and Turkey, where currencies had weakened, “I would not put China in that category.” Apple told suppliers a few days later to…

Apple has not succeeded in overturning a lawsuit that alleges CEO Tim Cook defrauded shareholders by withholding knowledge of falling demand in China.The lawsuit references Apple's November 2018 analyst call, in which Cook said that Apple was seeing what he described as sales pressure in some markets. However, he then stated, "I would not put China in that category."U.S. District Judge Yvonne Gonzalez Rogers said jurors could reasonably infer that Cook was discussing Apple's sales outlook in China, not past performance or the impact of currency changes. according to Reuters. Read more...

Apple has not succeeded in overturning a lawsuit that alleges CEO Tim Cook defrauded shareholders by withholding knowledge of falling demand in China.The lawsuit references Apple's November 2018 analyst call, in which Cook said that Apple was seeing what he described as sales pressure in some markets. However, he then stated, "I would not put China in that category."U.S. District Judge Yvonne Gonzalez Rogers said jurors could reasonably infer that Cook was discussing Apple's sales outlook in China, not past performance or the impact of currency changes. according to Reuters. Read more...

Macworld If you’re an Apple fan, 2023 has already been a great year. We got the new MacBook Pro with the M2 Pro and M2 Max processors, a 15-inch MacBook Air, a Mac Pro with M2 Ultra processor, and of course, the Apple Vision Pro headset. But according to a new report, lots more products are in the works. Following the launch of the iPhone 15 and Apple Watch Series 9, and a new Apple Watch Ultra later this year, Mark Gurman reports in his latest Power On newsletter that Apple has numerous products in development for release in 2024 and beyond, including several that use the M3 processor: 13-inch MacBook Pro (codenamed J504)14-inch and 16-inch MacBook Pros (codenamed J514…