#apple shareholders

[macdailynews]

Apple shareholders reject proposal for China manufacturing risk report

Quality assurance, iMac production, China (Image via Apple) Apple shareholders rejected a proposal on Tuesday that called for the company to issue a report detailing its heavy reliance on China for manufacturing the majority of its products. This decision follows Apple’s ongoing, nearly decade-long efforts to diversify its supply chain away from China, including by shifting production to…

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[macdailynews]

Apple's board opposes shareholder proposal to abolish DEI programs

Apple’s board of directors has come out in opposition to a proposal seeking to end the company’s “Diversity, Equity, and Inclusion” (DEI) programs. In a proxy filing, the company said the National Center for Public Policy Research is submitting a proposal for Apple to “consider abolishing its Inclusion & Diversity program, policies, department and goals.” Apple Inc. SCHEDULE 14A, Proposal No. 6:…

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[macdailynews]

Apple stock to trade ex-dividend on November 8th

Apple on October 31st announced a quarterly dividend of $0.25 per share, payable on November 14, 2024, to shareholders of record as of November 11, 2024. Apple’s stock will begin trading ex-dividend on November 8, 2024. This dividend represents an annualized yield of approximately 0.45% based on the current stock price. AAPL investors can expect a slight price decrease of around 0.11% on November…

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[macdailynews]

Lawyers want $122.5 million of $490 settlement of case alleging Apple CEO Tim Cook defrauded shareholders

Apple CEO Tim Cook Attorneys from Robbins Geller Rudman & Dowd and Labaton Keller Sucharow who secured a $490 million settlement for Apple investors in a securities class action lawsuit are requesting a quarter of that amount in legal fees. They argue that the complexity of the case and the time invested warrant the hefty sum. The firms filed a request with a federal judge in Oakland, California,…

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[macdailynews]

Apple's mammoth stock buybacks boost returns for investors

Apple, the world’s king of stock buybacks, is a value-add for AAPL investors, an analyst says. Laura Bratton for Quartz: ‎ The company spent a total of $621 billion buying its own shares between 2013 and 2023. For reference, Google parent Alphabet spent about one third of that figure on its stock over the same period. Over the last fiscal year, Apple doled out $78 billion to buy 456 [million]…

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[macdailynews]

Apple shareholders worry about 'lack of innovation'

Apple CEO Tim Cook Apple shares are underperforming the market so far this year as shareholders’ concern mounts over the company’s lack of innovation under CEO Tim Cook. Adam Clark for Barron’s: ‎ Now that it has pulled the plug on its car project, management needs to choose the next big new product category carefully. ven given concern that the iPhone maker is falling behind on…

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[macdailynews]

Apple shareholders look for positive signs after worst quarter relative to S&P since 2013

Apple CEO Tim Cook With Apple’s stock coming off its worst quarterly performance relative to the S&P 500 Index in over a decade, AAPL investors are looking for something – anything – positive. Jess Menton for Bloomberg News: ‎ The 12% drop since the start of the year paid off for short sellers, giving them an incentive to unwind their bets. Technical analysts say the stock is flirting with…

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[macdailynews]

Apple’s rotten, no-good first quarter

Apple is in the midst of what is basically a rotten, no-good year so far. The company is contending with a high-profile antitrust battle with the Department of Justice, plummeting iPhone sales in China, and another EU regulatory investigation. Daniel Howley for Yahoo Finance: ‎ The company is also still facing a shortfall when it comes to generative AI capabilities. And while it’s widely…

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