Apple Recap: Content Shareholders, Long-Term Focus, Lost Appeal
Apple’s falling share price has been alarming fact for its shareholders and has been put under many a magnifying glass over the last few months. On Wednesday, at the company’s annual meeting, chief executive Tim Cook gave the insider’s perspective on it. Cook said that while he understood why shareholders would be disappointed by the 36-percent drop since mid-September, a focus on the longer term may help ease concerns. “I don’t like it either,” Cook said about the share price drop. “The board doesn’t like it. The management team doesn’t like it. But we’re focused on the longer term”… (Read more)
Apple’s appeal to reduce the fine or start a new trial in its patent-infringement loss to Internet security software firm VirnetX (AMEX:VHC) has been denied, with a judge finding the $368.16 million punishment for the iPhone maker appropriate. U.S. District Court Judge Leonard Davis had ruled in November that VirnetX’s claim that Apple’s FaceTime video chatting feature violated the former’s virtual private network patents held true. David ruled that Apple’s iPhone, iPod touch, iPad, and Mac computers infringed on four VirnetX patents. The firm had first filed the case back in November 2011, after Apple launched the iPhone 4S… (Read more)
Don’t Miss: Apple Won’t Get Its Way in This Court.