By Christian Zibreg on Jul 30, 2014
Apple’s $3 billion acquisition of Beats Music, a music-streaming service, and Beats Electronics, a highly lucrative premium headphone business, is nearing its completion.
Monday, the European Commission okayed the deal, saying it won’t stifle competition in Europe.
Though still pending regulatory approval in the United States, Apple is expecting to complete the purchase by the end of September.
Analyzing the inner workings of the Cupertino firm in the wake of the Beats acquisition, a reputable publication has shed more light on the transition phase and behind-the-scenes moves… Read More
By Christian Zibreg on Jul 28, 2014
Following a TechCrunch report last Friday which claims that Apple has recently acquired data-style book analytics services BookLamp (basically a “Pandora for books”) to beat Amazon at its own game, Re/code is reporting early Monday that the Cupertino firm has another acquisition target in its crosshairs – a radio/podcast app Swell (“Pandora for talk radio”) which raised $7.2 million from investors including DFJ, Google Ventures and InterWest Partners… Read More
By Cody Lee on Jul 9, 2014
As we reported earlier, Tim Cook is in attendance at Allen & Co.’s annual Sun Valley conference in Idaho this week. The conference is a major gathering for executives in technology and media industries, and has in the past facilitated high profile negotiations.
During a Q&A session this afternoon, Cook was asked if Apple planned to release data on its corporate diversity—something the company has been criticized over many times— at any point. Cook said it will eventually, but right now it’s “more focused on actions.” Read More
By Christian Zibreg on Jul 8, 2014
Apple’s senior engineering manager with the Maps team is leaving the company for Uber, the popular ride-sharing service founded in 2009.
Chris Blumenberg, who long worked on Maps for iOS and OS X and managed Apple’s Maps Apps and Frameworks teams, will be taking a position at Uber, according to a report by The Information.
The departure comes as Apple appears to be ramping up hiring to overhaul the Maps backend.
More importantly, this development reaches us amid talk of internal politics, personal issues and managerial incompetencies allegedly causing significant Maps delays, as evidenced by the lack of major iOS 8 Maps announcements at WWDC… Read More
By Christian Zibreg on Jul 7, 2014
Tim Cook’s recasting of Apple is in full bloom as the CEO pushes executives to be more collaborative while broadening the firm’s legendary laser focus, as per a new report by The Wall Street Journal. The story also mentions that Cook is very much looking to add new directors to Apple’s eight-person board.
That’s hardly a surprise given that six board members are aged 63 or older. It’s also worth mentioning that Cook has inherited the board from Apple’s late co-founder Steve Jobs so these people may not be necessarily 100 percent loyal to Cook in the long run.
Moreover, people familiar with the Apple’s plans told WSJ that the firm will introduce its rumored iWatch with “advanced sensors to track a user’s fitness and health” alongside new iPhones in the Fall, matching up with previous reports… Read More
By Christian Zibreg on Jun 9, 2014
As promised during Apple’s most recent earnings call, the Cupertino, California headquartered consumer electronics powerhouse is set to open on Monday at $92.22 a share as the company puts forth its plan to split stock, its fourth stock split to date.
All common stock owners will receive six additional shares for each share in existence. As a result, the value of each individual share will drop accordingly, but the value of their total holdings will not. Read on for the full reveal… Read More
By Christian Zibreg on May 12, 2014
Should Apple’s rumored $3.2 billion deal to buy Beats Electronics, LCC come through, its most visible co-founders Jimmy Iovine and Dr. Dre could show up on the Moscone West stage to be introduced as Apple executives, as per Billboard. An annual pilgrimage for programmers, Apple’s 5-day Worldwide Developers Conference, or WWDC, kicks off on June 2.
If history is an indication, Tim Cook will share the stage with other senior executives to tell us what’s next for Apple’s mobile and desktop operating systems. Given the amount of coverage WWDC typically enjoys, it would be the perfect venue to make such a high-profile announcement… Read More
By Christian Zibreg on May 8, 2014
Apple is said to be on the verge of finalizing what would class as its biggest acquisition ever, a deal to buy Beats Music in a transaction valued at $3.2 billion. According to a Financial Times report on Thursday, citing people familiar with the negotiations, the deal could be announced as early as next week. Nothing is certain though as the parties have yet to agree on certain specifics so talks could still fall apart. Apple and Beats both declined to comment on the rumor… Read More
By Christian Zibreg on May 7, 2014
San Francisco is many things to many people. To us, geeks, the city is synonymous with hot technology startups that challenge the status quo and strive to change the world. But if you’re a lesbian, gay, bisexual or transgender (LGBT), San Francisco has a much deeper and more personal meaning as it’s home to some of the most vibrant LGBT community on the planet.
Because Apple has always pushed for equality in workplace, it’s really no surprise that the leadership team is encouraging its employees to march in the annual San Francisco LGBT Pride Parade… Read More
By Christian Zibreg on May 7, 2014
Apple’s longtime PR boss, Katie Cotton, is set to retire after spending eighteen years with the company. As Apple’s Vice President of Worldwide Corporate Communications, Cotton managed Apple’s media relations and handled all public relations matters under both Apple co-founder Steve Jobs and current CEO Tim Cook.
Her retirement was first reported by Re/code. An Apple spokesman said Cotton was leaving because she had wanted to spend more time with her family “for some time now”… Read More
By Christian Zibreg on May 5, 2014
Apple has joined SF Gives, a local San Francisco anti-poverty initiative, and has donated half a million dollars to the charity, sources revealed to Forbes Monday. SF Gives was set up by the CEO of non-profit Tipping Point, Daniel Lurie, and Salesforce.com CEO Marc Benioff.
It was established in March to help fight poverty and fund charitable programs in the Bay Area.
Apple is one of many companies supporting the cause. Other corporate contributors include Google, LinkedIn and Zynga, to name a few… Read More
By Christian Zibreg on May 1, 2014
According to an exclusive TechCrunch report Thursday, Philip Stanger, the CEO and co-founder of indoor positioning startup Wifarer, has joined Apple’s Maps team ahead of the anticipated push to improve the company’s in-house mapping software in time for the assumed launch of iOS 8 this Fall.
He’s now with the Apple Maps team in a “leadership role,” the publication has learned though the report cautions that Apple did not acquire the startup as some sources have speculated.
Wifarer, which is available as an iOS and Android app, features dynamic real-time indoor positioning to help people navigate malls, museums and other venues. Apple of course has its own micro-location indoor positioning system in the form of iBeacons.
Watchers have speculated that these micro-transmitters installed in shopping malls, retail stores, airports and elsewhere could also be used to collect data to improve Apple Maps and Stanger’s hiring certainly seems to point in that direction… Read More
By Christian Zibreg on Apr 24, 2014
After acquiring virtual headset maker Oculus Rift for $2 billion (the deal got a thumbs-up from feds), Facebook now seems to be moving into the fitness tracking space with news of its latest acquisition, Finnish startup ProtoGeo Oy that created the fitness-tracking app Moves, available free in the App Store.
The development comes amid some major reshuffling in the fitness and health tracking market.
For instance, Nike is currently in the process of shuttering its wearable-hardware division that produces FuelBand-branded accessories and there are rumors that the company is collaborating with Apple on a sensor-laden fitness band that would control other devices via gestures… Read More
By Jake Smith on Apr 21, 2014
Apple reports its quarterly earnings on Wednesday for the January to March quarter – a typically slow time for technology companies following the Christmas quarter crunch.
On its last earnings call in January, Apple told investors to expect revenue between $42 billion and $44 billion, gross margin between 37 percent and 38 percent, operating expenses between $4.3 billion and $4.4 billion, other income/(expense) of $200 million, and a tax rate of 26.2 percent. Really, no better than the company did last year.
Analysts have been checking with industry sources, looking at retail logs, and number crunching to predict what Apple will announce on Wednesday. Whether the company misses or beats the expectations could have a big impact on the stock price, which is up roughly 36 percent year-over-year. Last quarter, the stock tanked in after hours following a bad guidance for the numbers that are set to be report on Wednesday. Here’s what analysts are expecting: Read More
By Christian Zibreg on Apr 21, 2014
In addition to a press tour of its upcoming data center and solar array installation in the Nevada desert, a nicely done ‘Better’ video narrated by Tim Cook and fresh updates on its Environmental Responsibility microsite, Apple in advance of Earth Day 2014 also posted an overview video of its monstrous Campus 2 project, affectionally dubbed by the press the iSpaceship.
The footage was actually first shown at a city planning commission meeting in October of last year, but Apple has now decided to make it available to the general public in high-definition to tout its “office of the future”… Read More
By Christian Zibreg on Apr 21, 2014
Apple is scheduled to release its second fiscal quarter earnings Wednesday, April 23. Like it always does, the iPhone maker is going to provide a free live audio stream of the conference call with analysts and investors through its website.
The firm has issued a media release confirming that the conference call will be available as a QuickTime webcast on the iPhone, iPod touch and iPad devices running iOS 4.2 or above, Macs running OS X 10.5 or above and Windows PCs running QuickTime 7 or later.
The live webcast will begin at 2pm PDT on Wednesday, April 23, 2014 at this link… Read More
By Christian Zibreg on Apr 10, 2014
Yesterday, blogger Mark Gurman reported that Apple’s Vice President of Human Interface, Greg Christie, will be leaving the company. Christie’s name is on a hundred Apple patents, among them the famous slide-to-unlock invention asserted in its second California patent trial against Samsung.
The herald of Apple’s iOS design aesthetic, his departure was framed as a significant loss for the company based on Gurman’s assertion that Christie was forced out due to his falling out with Jony Ive, Apple’s SVP of Design, over iOS design direction.
However, turns out that Gurman’s sources were wrong: Apple on Thursday denied the claim of an internal power struggle. Christie’s departure after 18 years of service was planned and is part of a leadership transition inside the Human Interface group, Apple said in a statement to several media outlets… Read More
By Christian Zibreg on Apr 9, 2014
Ever since Tim Cook took the reigns at Apple, the firm’s been in a perpetual shakeup mode. The most famous change at the top occurred on October 29, 2012, the day a press release was put out saying “Scott Forstall will be leaving Apple” the following year.
The unexpected change saw Apple’s lead hardware designer Jony Ive assume a greater role as he got to “provide leadership and direction” for Apple’s Human Interface (HI) group across the company, on top of his longtime role as the leader of Industrial Design.
With Ive in charge of all design at the company, Apple has ushered in a new era of visual simplicity with the release of iOS 7 last September, representing the biggest rethinking of the iPhone’s user interface since the handset’s inception.
However, a new report asserts that collaboration between Ive and Apple’s Vice President of Human Interface, Greg Christie, has been a rocky one
In fact, Christie is rumored to be leaving Apple soon as a result of his falling out with Ive over the iOS’s design direction… Read More
By Christian Zibreg on Apr 8, 2014
Apple has made another high-profile hire, having poached Benoit Dupin, Vice President of Amazon A9′s Search Technology group, according to the executive’s professional business profile on LinkedIn.
Benoit, who brings over fifteen years of international technology industry experience within a wide range of disciplines, has left Amazon to help Apple improve search features in its own mapping service, sources speculated on Tuesday.
He isn’t the first Amazon executive to have left for 1 Infinite Loop. Back in October 2012, Apple hired away another prominent Amazon search technologist, William Stasior, who is now working with the Siri team… Read More
By Christian Zibreg on Apr 4, 2014
Product Red - styled as (PRODUCT)RED - is a marketing brand licensed to other companies, established in 2006 by U2 frontman and activist, Bono, together with Bobby Shriver of the ONE/DATA, with the goal of raising awareness and funds to help eliminate HIV/AIDS in Africa.
The initiative earns money on each participating Product Red sale and proceeds go straight to The Global Fund to Fight AIDS, Tuberculosis and Malaria.
Apple’s been one of Product Red backers since its inception, thanks mostly to late Steve Jobs who was on good terms with Bono. Product Red today announced that Apple’s contributions to the charity have reached a cool $70 million… Read More