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Judge rules Apple executive lied under oath, makes criminal contempt referral

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Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#261

Post by TeaBrain »

Imustaskforhelp wrote: post #257

I am not sure but it does seem that apple's stock price has taken a hit. https://finance.yahoo.com/quote/AAPL/ Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well) So I had done some…

Bloomberg reported that the shares fell because their sales in China under-performed estimates.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#262

Post by Imustaskforhelp »

TeaBrain wrote: post #261
Imustaskforhelp wrote: post #257

I am not sure but it does seem that apple's stock price has taken a hit. https://finance.yahoo.com/quote/AAPL/ Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well) So I had done some…

Bloomberg reported that the shares fell because their sales in China under-performed estimates.

By bloomberg, you mean bloomberg terminal or what exactly?

Thanks for this information. I was genuinely confused after I had written this comment because well this information of epic games was already available 8 hours earlier so that had already been factored in the market 2 hours ago so I was confused as to why this change in 2 hours.

Also, I would genuinely appreciate it if we could have a seperate HN thread just for this news itself. Sounds really interesting and I have quite an opinion on it

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#263

Post by jacobgkau »

Imustaskforhelp wrote: post #257

I am not sure but it does seem that apple's stock price has taken a hit. https://finance.yahoo.com/quote/AAPL/ Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well) So I had done some…

> That sounds REALLY BIG. Like I used to think damn Trillion $ are a lot but if such a case can cause apple to lose 89B$ in span of 2 hours then either I am doing some calculation wrong or this case has a truly big gravity

The thing about a company worth several trillion dollars is that even minor movements involve (what are to us laymen) huge sums of money. Conversely, huge sums of money really are just minor movements to that company.

Some people talk about how the middle class has a hard time understanding the vast difference between a millionaire and a billionaire. The same thing applies (but probably compounded due to being at a larger scale) for thinking about billions vs. trillions of dollars.

(Just speaking to the question of scale; as someone else brought up, there've been other happenings that affect stock prices besides just this case.)

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#264

Post by Imustaskforhelp »

TeaBrain wrote: post #261
Imustaskforhelp wrote: post #257

I am not sure but it does seem that apple's stock price has taken a hit. https://finance.yahoo.com/quote/AAPL/ Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well) So I had done some…

Bloomberg reported that the shares fell because their sales in China under-performed estimates.

are you referring to this? https://www.bloomberg.com/news/articles/2025-05-01/apple-chi...

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#265

Post by sgerenser »

Imustaskforhelp wrote: post #262
TeaBrain wrote: post #261

Earlier quoted context omitted.

Bloomberg reported that the shares fell because their sales in China under-performed estimates.

By bloomberg, you mean bloomberg terminal or what exactly? Thanks for this information. I was genuinely confused after I had written this comment because well this information of epic games was already available 8 hours earlier so that had already been factored in the market 2 hours ago so I was confused as to why this change in 2 hours. Also, I would genuinely appreciate it if we could have a seperate HN thread just…

Apple's earnings call is going on right now: https://finance.yahoo.com/news/apple-tops-q2-earnings-estima...

The headline sounds positive, but apparently its not positive enough to keep the stock from dropping.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#267

Post by chrisjj »

californical wrote: post #241
chrisjj wrote: post #149

Earlier quoted context omitted.

> almost no one wants to go to jail for "shareholder value" or a 10% bonus. Almost no-one gets that choice. The choose a risk of going to jail for a more likely bonus.

But they don’t, because there is no risk. If there was, many wouldn’t take it

Many =/= all.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#268

Post by chrisjj »

thinkingtoilet wrote: post #191
chrisjj wrote: post #146

Earlier quoted context omitted.

> Will the executive actually face an criminal charges? No they will not. How so?

Rich people in America rarely face consequences for anything, even flagrantly lying under oath. I would bet good money no one faces any jail time, but I would be happy to be wrong.

Rarely =/= never.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#269

Post by jagged-chisel »

Imustaskforhelp wrote: post #257

I am not sure but it does seem that apple's stock price has taken a hit. https://finance.yahoo.com/quote/AAPL/ Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well) So I had done some…

Apple didn’t lose money because their stock price dropped. All their shares out in the world lost that much value. The stock price has little, if any, affect on the company and its bank accounts.

Re: Judge rules Apple executive lied under oath, makes criminal contempt referral

#270

Post by burnte »

TeaBrain wrote: post #261
Imustaskforhelp wrote: post #257

I am not sure but it does seem that apple's stock price has taken a hit. https://finance.yahoo.com/quote/AAPL/ Maybe somebody could enlighten me but the off hours part shows -2.3%, is that a correction because people are losing faith in apple or what exactly? and would these off hours loses get converted to on hour losses or what exactly? (Sorry I could ask AI but I might as well ask here as well) So I had done some…

Bloomberg reported that the shares fell because their sales in China under-performed estimates.

Since no one puts a reason down when they sell, it's all tea leaf reading.
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