Apple Recap: Foxconn Freeze, Lawsuit Deadline, iPhone Victory
Lawsuit Decision on Its Way
Apple will get a decision in the case filed against it by Greenlight Capital before the company’s annual shareholders meeting on February 27, a federal judge has said. David Einhorn’s Greenlight started the lawsuit in an attempt to stop Apple from going ahead with a vote on a proposal to put limitations on issuing preferred stock. The judge also said that Greenlight had shown a likelihood of “success on the merits,” but that he would like to focus on the issue of “irreparable harm” to the hedge fund if the vote went ahead… (Read more)
The iPhone is a Winner
The iPhone has been the subject of several speculations that claim sales of the device have been falling, but according to a new research report, the Apple smartphone has been enjoying never-before popularity. According to new data from Strategy Analytics, the iPhone 5 was the bestselling smartphone in the world in the fourth quarter of last year, and it was followed in second place by the iPhone 4S. Samsung’s (SSNLF.PK) Galaxy S3 came in third… (Read more)
Don’t Miss: Is the Foxconn Hiring Freeze Linked to Apple?