Apple's (AAPL) Cook Criticized for Email Update to Cramer
Get Alerts AAPL Hot Sheet
Price: $313.76 +0.35%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
Join SI Premium – FREE
Apple (NASDAQ: AAPL) CEO Tim Cook was criticized for earlier emailing CNBC’s Jim Cramer with an update on its operations in China. The email has raised questions about selective disclosure and was seen by some as a sign of panic.
Cook told Cramer growth in iPhone activations accelerated over the past view weeks and said Apple has had the best performance of the year for the App Store in China during the last 2 weeks.
Some see the e-mail as a violation of Reg FD.
The e-mail helped boost Apple's stock from a plunge of over $13 to a gain on the session.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Supreme Court declines to block Texas law requiring age verification and parental consent to download apps
- Broadcom and Apple extend chip supply deal through 2031 - Filing
- Apple negotiates with blacklisted Chinese chipmakers amid AI-driven memory crunch
Create E-mail Alert Related Categories
Momentum Movers, Trader TalkRelated Entities
Jim CramerSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share