Omega Advisors Inc sold its shares in Facebook and precious metals' companies and bought Apple shares after Apple's decline.
Tags: Apple
Smartphones outsell feature phones for the first time
Gartner said during the second quarter, smartphones outsold feature phones for the first time. According to research firm Gartner, smartphones outsold feature phones during the second quarter for the first time.
Apple shares up by 2.7%, exceed USD500 per share price
Apple's stock rose after Carl Icahn expressed his interest in the company amid the release of Apple's new products.
Apple is facing a May 2014 trial on e-book damages
US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages. On Wednesday, a court order said US District Judge Denise Cote scheduled a May 2014 trial for Apple to determine damages.
New iPhone, 4G license grant may mean Apple, China Mobile deal is looming
Analysts said the release of new iPhone and the 4G license grant for China Mobile might mean Apple and China Mobile's deal is looming.
Latest News
Foxconn Technology Group's second quarter earnings report showed a boost of 40.8% due to strong iPhone sales and reduced costs by building factories in China.
Sources said DoCoMo would select from the smartphone models of Fujitsu, Sharp and Sony for the company's major winter product lineup.
Billionaire Carl Icahn's tweet influenced Apple share prices, making the leading tech company's stock valuation rise by as much as USD17 billion.
Hedge fund billionaire Carl Icahn told Reuters he thinks Apple must trade at USD700 per share since the current price at USD489.57 each is too cheap for the company.
Arno Lenior, Samsung Australia's chief marketing officer, said Apple-mocking ad campaigns has worked wonders for Samsung.
According to lawyers and analysts, Samsung could not make the arguments on public policy grounds that Apple used to sway the Obama administration.
Forrester Research predicted that the tablets' worldwide installed base would reach more than 900 million by 2017, up from 2010's 15 million users.
Apple Inc won an order versus Samsung that would prohibit the South Korean company from importing, selling and distributing its devices in the US.
According to the White House, US President Barack Obama met with tech executives along with transparency advocates to deliberate on the government's surveillance programs.
