Apple (AAPL) Investors Love Cash More than Cook
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April 22, 2013 10:50 AM EDT
Is Tim Cook in hot water at Apple (NASDAQ: AAPL)?
That is the scuttlebutt on Wall Street Monday following a Forbes article over the weekend. Forbes' contributor Gene Marcial said Wall Street sources close to Apple executives claim the company is secretly searching for a new CEO to replace Cook.
With shares of Apple down 44 percent from their all-time September 2012 high, it is not surprising that the Tim Cook-replacement talk is kicking into higher gear. However, while clearly not a great stat for any CEO to reign over,... More
April 22, 2013 7:58 AM EDT
Sterne Agee analyst Shaw Wu reiterated his Buy rating and trimmed his price target on Apple (NASDAQ: AAPL) from $630 to $610 ahead of second quarter 2013 results due Tuesday, April 23, after the close. Wu said Apple will likely hit the lower-end of its guidance range meaning a slight miss. However, for the June quarter, expectations may have come down far enough where guidance may not be as conservative as expected.
The good news for investors is... More
