Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 07 February 2014 11:59

Apple tries to save tanking share price

Written by Nick Farrell



If you can’t come up with a decent product…

The fruit themed cargo cult Apple has decided that the only way to prop up its falling share price is to buy them itself. Apple has bought $14 billion of its stock in the two weeks since it reported disappointing first-quarter results.

Apple bought $12 billion of shares via an accelerated share repurchase program (ASR) and $2 billion of shares from the open market, the spokesman said. According to CEO Tim Cook Apple was surprised by the 8 percent decline in its shares on January 28, the day after it reported quarterly results. After all, why would people ditch shares just because a company has not released any new products and is seeing its profits fall?

In case you forgot Tim, Apple shares fell after the company reported lower-than-expected holiday-period iPhone sales and issued a weak revenue forecast. The idea is that because there are less shares out there, the price will go up and trigger more interest from the stock market. Hopefully everyone will forget that you are having a bad time in China and have really not got any new ideas.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments