Smear Campaign Against Apple (AAPL) in China Goes Awry...to the Benefit of Shareholders
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April 1, 2013 11:12 AM EDT
Below is the apology letter from Apple (NASDAQ: AAPL) CEO Tim Cook to Chinese customers (translated from Chinese)
To our Chinese consumers:
In the past two weeks, we have received a lot of feedback about Apple in China repair and warranty policy. We are not only a profound reflection on these views, together with relevant departments to carefully study the "Three Guarantees", and also look at our maintenance policy communication and combing our management specifications of Apple Authorized Service Provider. We are aware that, due to the lack of external... More
March 18, 2013 10:45 AM EDT
The next catalyst for Apple (NASDAQ: AAPL) will be a dividend or share repurchase announcement. As the stock has slumped from its September 2012 highs, large investors, including Greenlight's David Einhorn, and analysts have been clamoring for the company to do something with its $137 billion cash hoard. The company admitted it was a pressing issue and in February announced that its management team and Board of Directors "have been in active discussions about returning additional cash to shareholders." While widely expected, the date of such an... More
