Apple souring? Shares down amid legal troubles, more

CEO Tim Cook may have made it on the list of Time’s 100 Most Influential People in the World, but that’s about where the good news ends for Apple, at least lately.

The company’s usually high-flying shares are down more than 3 percent to $587.85 as of this post. After five straight days of losses last week, they had rebounded Tuesday, only to fall again Wednesday and today.

Qualcomm’s supply concerns, which the chip maker announced Wednesday along with earnings, may be weighing down Apple, writes Eric Savitz at Forbes. But Chris Ciaccia of TheStreet writes that Qualcomm’s worries mean high demand for its chips and probably good news for Apple in the long term.

Then there are various legal troubles involving the Cupertino company:  The poaching charges from a couple of years ago are back. A judge has reportedly ordered Apple, Google, Intel, Adobe Systems, Intuit, Pixar, Lucasfilm and Walt Disney to face an antitrust trial over charges they illegally conspired not to poach employees from one another.

Apple also is prepared to go to trial over the U.S. government’s allegations of an e-book price-fixing conspiracy among the company and some major book publishers. “We believe that this is not an appropriate case against us, and we would like to validate that,” Apple attorney Daniel Floyd told U.S. District Judge Denise Cote, according to Reuters.

And as Mike Swift of the Mercury News reported Tuesday, a judge has ordered Cook and Samsung CEO Gee-Sung Choi to meet in an effort to settle their ongoing and wide-ranging patent battles. Apple and Samsung, a manufacturer of Google Android mobile devices, have filed lawsuits against each other from Australia to Germany to South Korea and elsewhere. Wednesday, Samsung reportedly filed another lawsuit against Apple with the U.S. District Court for the Northern District of California, alleging infringement of eight patents.

 

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