E-Commerce Blog

A report posted on the citizen journalism section of CNN’s Web site Friday morning claimed that Apple CEO Steve Jobs had been rushed to the hospital with a heart attack. The reporter cited an anonymous but “quite reliable” source who supposedly said paramedics were summoned after Jobs complained of severe pain and shortness of breath. “I haven’t seen this anywhere else yet, and as of right now I have no further information, so I thought this would be a good place to start,” the citizen journalist wrote.

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Jobs Rumor Monger May Have to Answer to SEC

Shares of Apple were pummeled on Wall Street Monday due to investor concerns that sales growth of Mac computers, iPhones and iPods could slow as consumers spend less. Two brokerages covering the company — Morgan Stanley and RBC Capital — downgraded their ratings on Apple shares, pouring fuel on the fire. Apple stock was down more than 16 percent in late trading at about $107 per share. The concern is that consumers will shy away from premium-priced products due to the weakening economic environment, said Andy Hargreaves of Pacific Crest Securities.

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Apple Takes Hit as Investor Confidence Slips

Apple tends to prove unstoppable even when other computer makers falter. In the most recent quarter, shipments of Macs surged 41 percent. That’s nearly three times the 15 percent global growth rate for PCs in general. But in the current quarter, as markets slide, banks go belly-up, and consumer confidence plunges, even the Apple growth engine may hit speed bumps, say some analysts who are revisiting their estimates just a month before Apple is due to report quarterly earnings for the period that ends Sept. 30.

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As Apple Shares Slide, What About Sales?

An article by Daniel Lyons in this week’s Newsweek shines a glaring light on a topic that I have been wrestling with for the past year or so: Apple’s emerging monopoly status. While I didn’t agree with everything in the article, it did get me thinking. As quoted in the column: “Steve is a monopolist at heart. He’s just like Bill Gates. He just hasn’t been as successful.” Until recently, anyway. True, Macs and Mac OS X are not anywhere near toppling Windows and PCs from the mountaintop.

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Apple and the Other ‘M’ Word

Apple CEO Steve Jobs and several other senior executives and board members have agreed to settle a lawsuit that claimed the company was damaged by their role in Apple’s mishandling of stock option awards. Because of the structure of the lawsuit, insurers representing Apple’s directors and officers will pay the iPod and Macintosh maker $14 million. The settlement is designed to repair damage to Apple that the shareholders, who are suing on behalf of the company and not themselves, claimed the company suffered because of the stock options tampering.

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Apple Execs to Pay Back $14M to Settle Stock Option Suit