Investor Rights Law Firm Investigates Apple's Earnings Cut for 'Potential Securities Fraud'

Discussion in 'Mac Blog Discussion' started by MacRumors, Jan 3, 2019.

  1. scottishwildcat, Jan 3, 2019
    Last edited: Jan 3, 2019

    scottishwildcat macrumors regular

    Joined:
    Oct 24, 2007
    #26
    Er, Apple is still is raking it in faster than most companies can dream of. The App Store just hit a new single-day revenue record of $322m on New Year's Day, for example.
     
  2. apolloa macrumors G4

    Joined:
    Oct 21, 2008
    Location:
    Time, because it rules EVERYTHING!
    #27
    Yeap, agree with this hence the investigation. You can’t say one thing then a month or 2 later claim the opposite for the same time scale. Will be interesting what happens with this one as Cook is liable as he said it all..
     
  3. i-John macrumors 6502a

    i-John

    Joined:
    Jul 14, 2008
    Location:
    The Republic of Texas
    #28
    Not if they can find evidence that they knew numbers couldn't be met and said it anyway.
     
  4. jerwin macrumors 68020

    Joined:
    Jun 13, 2015
    #29
    FWIW, here's the transcript of the 4th quarter earnings call.

    https://www.fool.com/earnings/call-...aapl-q4-2018-earnings-conference-call-tr.aspx

     
  5. Duane Martin, Jan 3, 2019
    Last edited: Jan 3, 2019

    Duane Martin macrumors 6502

    Duane Martin

    Joined:
    Oct 15, 2004
    Location:
    Calgary, Alberta
    #30
    Lol, not a problem for Samsung because Samsung phones represents less than 1% of the Chinese phone market according to the quoted article, which is the point they are making. However, Samsung does make components for other phones that do have a larger share in China (Apple, for instance) so I think the analysis that Samsung won't get hurt is optimistic. Not get hurt as much, perhaps.
     

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