Is Coffee With Apple’s CEO Worth $3.6 Million?
Apple (NASDAQ:AAPL) is showing a lot of faces right now. It’s showing some of its vulnerability, it’s showing some of its care for investors, and it might even be showing off Tim Cook’s face — for a price.
Apple’s second-quarter results managed to beat Wall Street consensus expectations slightly. That helped keep the stock from slipping any further than it already has over the past few months. Two announcements the company made during its earnings call that might have helped were its plan to increase the dividend by 15 percent and up its share buyback program to $60 billion.
One thing that has not been helping the company’s stock is the lack of new products. The iPhone 5 and iPad Mini might still be hot, but there are slews of competing products — like Samsung’s (SSNLF.PK) Galaxy S 4, which is set to launch April 26. Comparatively, Apple doesn’t have anything hot until autumn, at the soonest. Apple Chief Executive Officer Tim Cook said in the earnings call that the company has some new products — even some in new categories — coming out in the fall and throughout 2014, leaving a wide gap of time where competition can eat away at the company…