Preview

Apple Stock

Good Essays
Open Document
Open Document
616 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Apple Stock
Important Events Affecting Apple, Inc. Stock
There have been numerous events that affected Apple Stock. The events will be detailed below, and how much a particular event affected Apple, Inc. stock. Events that affected Apple stock could range from unveiling of a new and a promising innovative product or disappointing earnings. The following briefs important events affecting Apple stock over 1 year.

- April 19, 2006: Apple Computer, Inc. announced that it expected its third quarter revenues to be around $4.2-$4.4 billion, GAAP earnings of $.39-$.43 per share, translating to non-GAAP earnings of $.43-$.47 per share. Analysts expect non-GAAP earnings of $0.47 per share on revenues of $4.72 billion in the same period.
- May 8, 2006: Apple Computer, Inc. won a lawsuit against Beatles. The London Court ruled that Apple Computer, Inc. was not liable for trademark infringement against Apple Corps.
- May 19, 2006: Apple Computer, Inc. filed a counter-suit against Creative Technology for dispute over patent rights over rival digital music players.
- June 29, 2006: Apple Computer, Inc discovered irregularities related to the issuance of certain stock option grants made between 1997 and 2001, Apple investigates the issue.
- July 6, 2006: Two lawsuits have been filed against Apple for its irregularities in its Stock Options grants.
- August 3, 2006: Apple delayed filing of its Form 10-Q for the quarter ended July 1, 2006 as it investigated its stock option irregularities. Apple appointed an independent counsel to perform the investigation.
- August 6, 2006: Wall Street Journal reported several irregularities in Apple's stock option grants between 1997 and 2001. Apple mentioned that one of the awards involved Steve Jobs.
- August 11, 2006: NASDAQ Staff Determination issues Apple Computer, Inc. for not complying with filing requirements. Apple Computer, Inc. announced that the Company would request a hearing before the NASDAQ Listing Qualifications Panel.
- October

You May Also Find These Documents Helpful

  • Powerful Essays

    Mkt421 week 5 individual

    • 1692 Words
    • 7 Pages

    References: Apple Inc. (2011). Annual Report Pursuant to Section 13 OR Fifteen (D) of the Securities Exchange Act of 1934. 26: October. Retrieved from http://files.shareholder.com/downloads/AAPL/1826229879x0xS1193125-11-282113/320193/filing.pdf…

    • 1692 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    In 1980, George Harrison noticed an apple in an ad for computers. He thought this infringed upon Apple, the Beatles Record company trademark and filed suit. In 1981, Apple Computer agreed to stay out of the music business. In 1991, Apple Corp. filed suit against Apple Computer for trademark infringement again and settled out of court for 26.5 million dollars. The two companies divided up the apple universe, indicating where each could use the apple symbol. In 2001, Apple Computer introduced online iTunes Music Store which had a huge impact on the music retail industry. In 2003, Apple Corp. again sued Apple Computer stating music was being stolen from them. Apple Computer was protected because downloads of music are comprised of digital data, and the distribution of digital entertainment content is permitted in the 1991 agreement.…

    • 978 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Law 421 Article Review

    • 482 Words
    • 2 Pages

    The legal issue raised by Apple Corps claim that Apple Company is involved in the music industry and according to the 1981 agreement the computer company agreed to stay away from the sound recording industry. In 2001, Apple Company released the iPod, a music device to download and play music from iTunes that was launched in 2003. Apple Corps claimed this to be a violation of the 91 agreement and crossed the line into the sound recording industry. The High Court ruled that no breach occurred and the Apple Company could continue to conduct regular business (BBC News, 2006.)…

    • 482 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Apple Inc. has been at the forefront of innovation and creativity in the computer industry. In 2001, they entered into the digital music player industry with the launch of the iPod (Slind & Yoffie, pg. 10). Another product line they created is the iPhone, which is controversial with its high costs and limitations from AT&T. Apple Inc. started in 1976 and has constantly fought to achieve a high market share in its industries and to increase profits globally. They have created new products and entered new fields and still struggle to be market leaders. They are in strict competition with Microsoft, IBM, Hewlett-Packard, Dell, Acer, and etc. (Slind & Yoffie, pg. 21). While computer sales have more than doubled in the last 30 years, Apple Inc. has the lowest market share at 2.6% in 2007.…

    • 684 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    revenue recognition

    • 1779 Words
    • 8 Pages

    Refer to the financial reports of Apple, Inc. for the year ended September 25, 2010…

    • 1779 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Ipod

    • 2157 Words
    • 9 Pages

    As the market leader, iPod has become the subject of criticism from competitors and other detractors. Some see Apple as using iPod, the iTunes Music Store, and special formats to establish a vertical monopoly to lock iPod users into using iTunes exclusively (and vice versa).…

    • 2157 Words
    • 9 Pages
    Good Essays
  • Powerful Essays

    Apple and Ethics

    • 2239 Words
    • 9 Pages

    “Insider trading is the buying or selling of a security by someone who has access to material, nonpublic information about the security” (Investopedia, 2012).…

    • 2239 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Case 4.4 Waste Management

    • 3706 Words
    • 15 Pages

    The SEC now launched a formal investigation into the accounting processes and found many misstatements from avoiding depreciation to improper capitalization and failure to accrue to proper liabilities. Many techniques were used and the end result was that many of the management team’s members were named as defendants in this case as it was seen that they were…

    • 3706 Words
    • 15 Pages
    Better Essays
  • Good Essays

    Stephen Richards’s actions were extremely serious; manipulating Computer Associates’ quarter end cutoff to align CA’s reported financial results with market expectations by violating the generally accepted accounting principles and their financial reporting responsibilities. According to the U.S. Securities and Exchange Commission, Richards with other CA executives extended CA’s fiscal quarter, “ instructed and allowed subordinates to negotiate and obtain contracts after quarter end while knowing, or recklessly disregarding the fact that, CA would improperly recognize the revenue from those contracts, and failed to alert CA’s Finance or Sales Accounting Department that CA salespersons that reported to Richards were obtaining contracts with backdated signatures dates after quarter end.” (Release)…

    • 2669 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    Apple vs. Google

    • 8898 Words
    • 36 Pages

    Stone, Brad. “Apple’s Obsession With Secrecy Grows Stronger.” The New York Times. 22 Jun. 2009. 10 Apr. 2010. <http://www.nytimes.com/2009/06/23/technology/23apple.html?_r=2&hp>.…

    • 8898 Words
    • 36 Pages
    Powerful Essays
  • Better Essays

    Apple Inc

    • 3599 Words
    • 15 Pages

    Apple Inc. is one of the most successful companies in the United States and in the world. Apple Inc. is a multinational company that specializes in the manufacturing of electronic equipment like smartphones, software and computers. The company is well known to everyone for products like iPhone, Macintosh, iPad and iPod. Apple came into existence as the joint effort of Steve Jobs and Steve Wozniak. Wozniak was the mind behind the technology while Jobs was mind behind the marketing strategies. Apple Inc. was founded by Steve Wozniak, Steve Jobs, and Ron Wayne on April 1, 1976 then was incorporated in 1977. The company was first established as Apple Computer Inc. Later on, the company founders decided to remove the world computer from its original name in order to show a future growth in different electronic products. The first product manufactured by this company was Apple I. “Apple used TV as the display medium, which was revolutionizing in its own self. Before that, no personal computers offered any sort of display. It worked much faster than other machines and provided an easy start up RAM and bootstrap code.” (Apple Inc., 2012) Building these machines was a problem because of the financial status of the company and because the location wasn’t appropriate. They managed to get a loan for US$250,000 through Mike Markkula who co-signed the bank loan. With money and new hope, the Apple II was created and it was specifically directed to households. ”Millions were sold well into the 1980s. A number of different models of the Apple II series were built, including the Apple IIe and Apple IIGS, which could still be found in many schools as late as 2005.” (Apple inc., 2012).…

    • 3599 Words
    • 15 Pages
    Better Essays
  • Satisfactory Essays

    Accounting Scandals 2

    • 441 Words
    • 2 Pages

    In 2003, Nortel made a big contribution to this list of scandals by incorrectly reporting a one cent per share earnings directly after their massive layoff period. They used this money to pay the top 43 managers of the company. The SEC and the Ontario securities commission eventually settled civil action with…

    • 441 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Restatement

    • 854 Words
    • 4 Pages

    Shhh, hear the sound of the geek’s laughter? Anyone would have, if they were an HP employee in the summer of 2010. On June 10, 2010, Erica Ogg reported Dell’s earnings would be restated due to disclosure and accounting fraud. The PC maker will take a $100 million hit on its first quarter earnings. The New York Times headline read: “Dell to Pay $100 Million Settlement.” Edward Jones states, “The SEC had accused Dell of misleading investors by using money the company received from the chip maker Intel to pad its quarterly earnings statements.” The restatement would include all quarters for its fiscal years 2002 – 2006 and the first quarter of 2007.…

    • 854 Words
    • 4 Pages
    Better Essays
  • Good Essays

    According to U.S. Securities and Exchange Commission’s Litigation Release No. 21819 and Accounting and Auditing Release No. 3234 dated January 20, 2011, on January 13th, 2011, SEC charged NutraCea, three former executives, and two former accounting personnel for overstatement of NutraCea's product sales revenues by employing deceptive accounting schemes.…

    • 688 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The company dropped “Computer” from its corporate name to reflect that Apple, once best known for its computer products, now offers a broader array of consumer electronics products. The name change, which followed Apple’s announcement of its…

    • 688 Words
    • 3 Pages
    Good Essays