A look at some of the most striking numbers from the subcommittee’s report on Apple’s taxes: http://nyr.kr/12sEGCA

(Source: newyorker.com)

In September, 2012, Apple was the most valuable company on earth. Since then, the company’s stock has plummeted thirty-five per cent. What’s wrong with the tech giant? James Surowiecki recently explored this question in the magazine, and in this video he takes a closer look, examining the company’s recent performance and explaining why all the paranoia over Apple might be overstated. 

A day after it emerged that Wall Street bonuses rose to twenty billion dollars last year, and that the typical financial-industry grunt received a payment on top of his salary that was more than twice the median household income, the latest corporate executive to run afoul of the Street was called to account. 

Remarkably enough, it was Tim Cook, the head of one of the most successful businesses in American history. At Apple’s annual shareholder meeting, in Cupertino, California, Cook, who took over from Steve Jobs in August, 2011, was pressed about the company’s stock price, which has fallen by about a third since last summer—drawing the ire of Wall Street, particularly David Einhorn, a billionaire hedge-fund manager who owns more than a million Apple shares. “I don’t like it either,” Cooksaid of the stock price.“Neither does the board or management—where the stock trades now versus a few months ago. But we’re focussed on the long term.”

That was precisely the response from Cook that I would have expected, and it was the appropriate one… 

Continue reading John Cassidy on Apple vs. Wall Street: http://nyr.kr/13mg7vi

Photograph, of Tim Cook, by Jim Wilson/The New York Times/Redux. 

(Source: newyorker.com)

Since September, Apple stock has fallen 35%. Here, James Surowiecki explains why the company will likely prevail despite its sudden fall from grace: http://nyr.kr/US26BF

In today’s Daily Comment, George Packer looks at how the recent increase in payroll taxes sent Walmart’s earnings into a temporary free fall and asks if the Administration and Congress have overestimated the recovery, as they’ve done countless times before: http://nyr.kr/ZqQvMy

Photograph by Don Emmert/AFP/Getty.

On The Business Pages this week, Tim Wu has a story about the open-versus-closed debate in the technology industry. Here’s a look at the metric Wu developed for assessing the “openness” of companies, and see whether Wu’s theory proves true when applied to Amazon, Apple, Google, and Microsoft: http://nyr.kr/W7Pv9G

Has Apple lost its perfectionism? And has it lost it because of an obsession with crushing a rival? Perhaps…

Nicholas  Thompson on Apple’s innovation after Steve Jobs: http://nyr.kr/T7Sq4T

CUPERTINO (The Borowitz Report) — Apple C.E.O. Tim Cook apologized for the ongoing problems with its Apple Maps app today, recommending that until it is fixed customers “should try not to go anywhere.” Continue Reading.

Anything attached to Apple gets more than its share of attention, but in this case, the Apple factor is far less interesting than what this instance of labor unrest suggests about the months ahead for China…

Evan Osnos on the Foxconn riots in China: http://nyr.kr/PDMigP

CUPERTINO (The Borowitz Report)—Apple rocked the gadget world today with the news that the iPhone 5 includes a new feature that gives shape and purpose to previously empty and meaningless lives: http://nyr.kr/PbSLzg