Apple Recap: China Market Share, iOS7, and Patent Violations
Apple (NASDAQ:AAPL) closed above $500 per share on Friday for the first time since January. The news that activist investor Carl Icahn, a man known for taking large stakes in companies he judges to be ill-managed or undervalued and pushing for change, had taken a large position in the iPhone maker calmed investors, leading to this week’s rally. During the five-day trading period, shares advanced 10.54 percent or $47.88. The stock ended Friday up $4.42, or 0.89 percent, at $502.33.
Is Apple’s China Hiring Foreshadowing Bigger Plans?
After reporting a market share in China that got nearly halved, it appears Apple is about to substantially step up its game in one the world’s most crucial markets and second largest economy. According to The Wall Street Journal, China is making a concerted effort at hiring in China after job postings such as ‘environmental affairs program manager’ was scouted out on LinkedIn (NYSE:LNKD). Positions such as ‘store specialist’ are also being coveted by Apple — a sign that the company is taking its recent weak performance in China very seriously.