Apple News, Analysis and Podcasts
Wall St. Gives Tim Cook A Big Vote Of Confidence
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In the wake of Steve Jobs announcing his resignation as CEO of Apple. Inc. this past Wednesday, Apple stock took a $19 plunge in after hours trading, costing AAPL nearly 5.6% of its value. The news of Jobs resignation could hardly be considered unexpected, but would this be a sign that investors viewed Apple as a one-man show or was the after-hours trading a mere knee-jerk reaction? |
Apple Stores to Unionize? Not a chance.
![]() A group calling itself Apple Retail Workers Union picked up some nice press yesterday when they sent out their own form of a press release to some major media outlets. The goal? Simple. Unionize Apple retail stores. The chances of this happening? None to, well, none. There are any number of reasons why Apple retail stores won't ever form a union, such as Apple's overall pay being much higher than the average mall store (you won't find any Genius salaries in The GAP), and benefits are good. But there are two key reasons any union effort for Apple retail employees will fail. First, Apple retail employees are a happy, satisfied bunch, because the atmosphere Apple has created for them is top of the class. Secondly, Steve Jobs has no love for unions (so it appears). In 2007 Jobs told a school-reform conference in Texas "I believe that what is wrong with our schools in this nation is that they have become unionized in the worst possible way..." Jobs also added "This unionization and lifetime employment of K-12 teachers is off-the-charts crazy." As a result of Jobs public stance it would appear Unions have no love for Jobs either. |
Papermaster Out
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So the big item Friday (or this weekend) is that Mr. Papermaster is out of Apple. There was a big hullaballoo about a year ago when Apple "stole" this "gem" from IBM. He was some chip guru. He was put on task with the iPhone team or part of the iPhone team. Despite the "success" of the iPhone 4 there have certainly been production issues (unable to keep up with demand) AND where is the white iPhone?? Not sure if Papermaster was the reason for all of this, but now that he's on his way out, seems like an easy person to blame for some problems inside our favorite fruit company. |




