Apple will hold its annual shareholder meeting today. Apple is under pressure to share some of the cash pile with investors and a stock split rumor is in the air.
The Apple Shareholder Meeting is today. In the past these meetings were not really interesting as Apple was performing exceptionally and under Steve Jobs not much was in the hands of shareholders to decide.
Today though things are different. Steve Jobs is gone. Apple stock is down and Apple is seen as vulnerable on their product categories.
Apple was successfully sued by hedge fund manager David Einhorn about preferred stock. Tim Cook will have to react to that today. Investors are also pressuring Apple to share some of the huge cash reserve. In addition a rumor popped up yesterday that Apple is splitting stock.
While these are all just financial topics the more important thing is that Apple needs to regain its innovative market leader image. You need to be untouchable to charge high prices for your products.