A Goldman Sachs/UBS "quant" turned whistle blower says the stock market is rigged.
FORTUNE -- "It's really a circus," says Haim Bodek, before he launches into an elaborate metaphor about Metallica ticket scalpers to describe how high-frequency trading (HFT) computers get their hooks into big pension fund investments (the "dumb money" in Wall Street parlance) before anybody else can.
Bodek, a so-called quant (or quantitative analyst) who has held key positions at MOREPhilip Elmer-DeWitt - Nov 11, 2013 2:31 PM ET
An active iTunes user generates $48 of revenue per year. A Twitter user, $1.36.
FORTUNE -- Now that Twitter (TWTR) has gone public, we can calculate -- as George Anders has -- that each active Twitter user is worth, by Wall Street's valuation, $110.
So how does Wall Street value Apple's (AAPL) iTunes/iCloud ecosystem? That's harder to say.
"We don't hear much about how Apple is worth so many dollars per user," writes Asymco's MOREPhilip Elmer-DeWitt - Nov 11, 2013 6:59 AM ET
Just about everything, writes Charles Arthur in the Guardian. It's a must read.
FORTUNE -- These two charts at right, taken from a YouGov survey and chosen for demonstration purposes by Charles Arthur in the Guardian last week, illustrate nicely what's wrong with statements like this (from TheNextWeb): "Android represents somewhere in the region of 80% of the smartphone market."
That's "simply wrong," Arthur writes.
"Here's the reality: at the time this was MOREPhilip Elmer-DeWitt - Nov 10, 2013 8:35 AM ET
As a rule, Apple tend to rise in the beginning of the week and fall at the end.
FORTUNE -- Travis Lewis, an independent investor who studies the Apple (AAPL) options market, has long maintained that trading in puts and calls has become the tail that wags the underlying securities' dog -- especially for Apple options, the most heavily traded derivatives by volume, and especially since trading in those options went MOREPhilip Elmer-DeWitt - Nov 9, 2013 10:57 AM ET
An Apple victory could result in the second largest patent infringement award in history.
FORTUNE -- If you thought that the one billion dollars a jury awarded Apple (AAPL) last year had been cut nearly in half, you may be forgiven. That's how most of the business press reported it.
What actually happened is that Judge Lucy Koh, who presided over the big Apple v. Samsung patent infringement trial last August, "vacated" $400 million MOREPhilip Elmer-DeWitt - Nov 8, 2013 8:34 AM ET
Singapore makes the most device requests per capita, the U.S leads in account requests.
FORTUNE -- Google (GOOG) may be complaining the loudest (and in the foulest language) about the National Security Agency's domestic spying activities, but it's Apple (AAPL) that provided the most data -- in the form of two large and surprisingly revealing spreadsheets (see below).
One shows the number of device information requests made to Apple by police around MOREPhilip Elmer-DeWitt - Nov 7, 2013 6:49 AM ET
Issues list of upcoming features. Gets thank you note from Harvard's most famous Netizen.
FORTUNE -- Was it only Monday that we posted Lawrence Lessig's critique of Apple's (AAPL) "pathologically constipated" customer relations?
Well, today is Wednesday, two days later. Apple has done something very un-Apple-like about the issues he raised. And now Lessig has posted a public thank you titled "Wow, Apple. Wonderful news." Would that all such complaints were so easily resolved.
What's MOREPhilip Elmer-DeWitt - Nov 6, 2013 6:21 PM ET
Mordy Tikotzky's iPad Air tracker showed which stores had them in stock. Apple killed it.
FORTUNE -- I confessed my fascination with Mordy Tikotzky's Apple-Tracker.com when I posted a story about it earlier this week.
Tikotzky had written a handy little widget that steered customers to the Apple Stores in or near their Zip Code most likely to have the newest iPhones and iPads in stock.
It also offered Apple (AAPL) watchers like me a MOREPhilip Elmer-DeWitt - Nov 6, 2013 7:47 AM ET
Take a tour of a sapphire crystal factory like the one Apple is building in Arizona.
FORTUNE -- Never heard of GT Advanced Technologies (GTAT)?
Neither had we before Monday, when the New Hampshire-based crystal manufacturer announced that it had signed a multiyear contract with Apple (AAPL) to provide sapphire materials in Apple's new Mesa, AZ, factory.
As happens, we now know quite a bit about GT's technology for growing sapphire "boules," thanks MOREPhilip Elmer-DeWitt - Nov 5, 2013 2:40 PM ET
Apple is bringing 2,000 jobs and solar power to this site in sunny Mesa, Arizona.
FORTUNE -- Local real-estate reporters in Arizona knew something was afoot when First Solar, a Tempe-based manufacturer of thin-film solar cells, said last week that it had sold one of its properties in nearby Mesa to an unknown buyer for $100 million.
Meanwhile, Apple (AAPL) CEO Tim Cook told a Senate subcommittee last May that Arizona was MOREPhilip Elmer-DeWitt - Nov 5, 2013 1:17 PM ET
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