Apple: shares are strange fruit

Beyond the hype, Apple is simply a cool gadget maker. Not only does coolness never last, but successful products always become commoditised
The iPad and iPhone have sealed Apple’s standing as the world’s most valuable tech company, but the company’s leadership will be challenged to live up to Steve Jobs’ vision
Taiwanese-owned group asks customs officials to seize devices passing through Chinese ports
Tech group’s shares have risen 23% this year after reporting blockbuster fourth-quarter results and record sales of iPads, iPhones and MacBooks
Local authorities in Shijiazhuang ban sales of the tablet after a complaint by Proview Technology in a long-running dispute with Apple
Newly released FBI files on Apple co-founder Steve Jobs have revealed friends and colleagues all thought he could serve the government well
Simon Prakash held the title of senior director of product integrity at Apple, so what would an internet company want with him?
The FT looks at key moments in the career of Apple’s founder and former chief executive

Beyond the hype, Apple is simply a cool gadget maker. Not only does coolness never last, but successful products always become commoditised
While the sum may be enough to buy Facebook, the favourite option among analysts and investors is to start paying dividends to shareholders
Chief executive picks out the country as having the most potential for growth but the company may have a hard time fulfilling demand
That it can harvest accelerating economies of scale even at its current preposterous size suggests that we have not seen peak profitability
Unlike in 2010, it is harder to call the personal tech winners of 2011, with Apple happy with updates and the competition still striving to catch up, writes Chris Nuttall

They will have to decide how much freedom to give the new chief executive, who has huge shoes to fill as he manages the transition to slower growth
Sales and profits were a few per cent lower than what Wall Street had pencilled in and stock prices react to performance relative to expectations
‘I’m surrounded by technology that looks good and works well because others followed where Apple led,’ writes Tim Harford