Ahead of June quarter earnings, Apple’s stock passes $100 for the first time in six weeks

By Christian Zibreg on Jul 18, 2016

Shares of Apple have passed the psychological important barrier of a hundred bucks per share ahead of the company’s ahead June quarter earnings report, which is scheduled to take place next Tuesday, July 26. This marks the first time Apple’s stock price broke the $100 mark in six weeks after the stock plunged below $90 following weaker-than-expected iPhone sales, CNBC tweeted this morning. Read More

 

TSMC’s Q3 revenue expected to climb to a record high on strong iPhone 7 A10 chip orders

By Christian Zibreg on Jul 11, 2016

Citing market forecasts quoted by the Commercial Times newspaper, Taiwanese trade publication DigiTimes reported Monday that shares of Taiwan Semiconductor Manufacturing Company Limited (TSMC) could hit record levels thanks to orders for the Apple-designed ‘A10’ system-on-a-chip, the engine that will drive the next iPhone and iPad. TSMC just posted strong numbers for the second financial quarter. Read More

 

Verizon launches new wireless plans with higher prices and more data

By Cody Lee on Jul 6, 2016

Verizon on Wednesday announced a new wireless plan platform and several new features for its customers. The new plan is more expensive, but it includes at least 30% more data than the previous offering, as well as new stuff like Carryover Data and Safety Mode.

It looks like they’re calling it simply the new Verizon Plan, and it comes in 5 flavors: Small, Medium, Large, X-Large and XX-Large. The Small option costs $35 per month for 2GB (previously $30/month for 1GB), and the XXL gives you 24GB for $110 per month. Read More

 

Apple helps raise over $8M for World Wildlife Fund

By Cody Lee on Jun 17, 2016

Apple on Friday announced that its Apps for Earth campaign has generated more than $8 million in total proceeds. For 10 days in April, the iPhone maker worked with 24 developers to publish interactive and educational content to the App Store, with the proceeds going exclusively to the World Wildlife Fund. Read More

 

Billionaire investor Carl Icahn is concerned about Apple’s prospects in China

By Christian Zibreg on Jun 9, 2016

Activist investor Carl Icahn earlier this year sold his position in Apple, but that doesn’t mean he no longer thinks Apple is a lucrative stock to invest in. Quite the contrary, he’s made several billion dollars on Apple!

That being said, he would invest back in the Cupertino firm were it not for Apple’s prospects in China, which he doesn’t feel secure about although he’s adamant that CEO Tim Cook is “doing a good job”. Read More

 

Viber gains iCloud backup, support for sending money, animated GIFs and more

By Christian Zibreg on Jun 6, 2016

Messaging service Viber this morning pushed a new update to its App Store app, adding several new long overdue features. For starters, iPhone users can now back up and restore their chat history through iCloud, making keeping their conversations after an iOS restore possible.

The application now has a brand new native watchOS 2 app for your wrist with canned responses on your Apple Watch. Other new features in this edition of Viber include support for sending and receiving animated GIF images, sending money from within the app and low-rate Viber Out calling plans via a redesigned screen. Read More

 

Apple invests $1 billion in Chinese ride sharing service Didi Chuxing

By Cody Lee on May 12, 2016

Apple on Thursday announced that it has invested $1 billion in Chinese Uber competitor Didi Chuxing, reports Reuters. Speaking with the outlet, Tim Cook said the venture will help his company “better understand the critical Chinese market.”

The move comes amidst slumping iPhone sales, which has driven Apple’s stock price down to $90 per share, and other struggles in China. Last month, the State Administration shut down the iBooks Store and iTunes Movie sales in the country. Read More

 

Your old iPod could net you up to $20,000

By Cody Lee on May 11, 2016

Old iPods have apparently become the latest craze in the world of collectables. As noted by The Guardian, various Apple-branded MP3 players from the early 2000s are going for insane prices on eBay right now, depending of course on the model and condition.

For example, a factory-sealed third-generation iPod shuffle is listed on the auction site at $999.95, and it has 10 watchers. A fourth-generation U2 edition iPod is priced at just under $7,000. And a new-in-box second-generation iPod classic? A staggering $20,000. Read More

 

Tim Cook’s charity lunch auction raises $515K for human rights

By Cody Lee on May 5, 2016

Tim Cook’s annual CharityBuzz auction ended this afternoon, with the winning bid raising $515,000 for the Robert F. Kennedy Center for Justice & Human Rights. The winner of the auction will get a one-hour lunch date with Tim Cook at Apple headquarters, as well as tickets to an upcoming Apple keynote event.

There were over 40 bids in the auction, with the high bid nearly doubling over the last 24 hours. The lunch date is valid for up to two people, and will be scheduled at an agreed upon date, based on availability. Obviously the guests will be subject to security screenings, but don’t worry, the cost of the meal is included. Read More

 

Tim Cook tells CNBC Apple has ‘great innovation in the pipeline’

By Cody Lee on May 2, 2016

Tim Cook on Monday appeared on CNBC’s ‘Mad Money’ to talk with host Jim Cramer about Apple’s recent earnings report. The iPhone maker announced weaker-than-expected Q2 sales last week, and its stock has since dropped more than 10 points.

While the interview is transparently a PR move to let Wall Street know that Apple is still on the right path, Cook did offer up some interesting comments about the future of his company. Naturally, we’ve highlighted some of our favorites for you below. Read More

 

FBI paid more than $1.3 million for San Bernardino iPhone hack

By Cody Lee on Apr 21, 2016

FBI Director James Comey said on Thursday that the agency paid more to break into the San Bernardino shooter’s iPhone than he’ll make in the remaining 7+ years of his tenure. Reuters crunched the numbers, and that suggests that the FBI paid more than $1.3 million for the hack.

That seems like a lot of money for a tool that doesn’t work on the iPhone 5s or newer, but  speaking at the Aspen Security Forum in London today, the Director said that he believes it was worth it. And of course the FBI will be able to use the tool in other case involving older iPhones. Read More

 

Apple shifting some of its iCloud services to Google’s Cloud Platform

By Cody Lee on Mar 16, 2016

Apple has signed a deal with Google to use the search giant’s Cloud Platform for some of its iCloud services, reports CRN. The site says that the two firms inked the deal late last year, and it’s believed to be worth somewhere between $400-$600 million.

This is a major coup for Google’s enterprise cloud business, and its newly appointed chief Diane Greene. Although Apple has not publicly discussed its cloud backends, it’s been reported that the iPhone maker spends $1 billion per year on Amazon’s AWS. Read More

 

Apple’s $120 million patent victory against Samsung overturned

By Cody Lee on Feb 26, 2016

An appeals court on Friday ruled that Samsung won’t have to pay Apple $119.6 million for infringing its patents, reports Bloomberg. The court found two of Apple’s patents, including one for its slide-to-unlock feature, to be invalid and a third wasn’t infringed.

Today’s ruling overturns a verdict reached by a California jury in May 2014, which found Samsung devices to infringe on Apple’s patents. It also upholds a decision to make Apple pay Samsung $158,400 in damages for infringing on its video compression patent. Read More

 

PayPal app redesign adds new start screen, ‘one-click’ cash request, & more

By Anthony Bouchard on Feb 18, 2016

The PayPal app for iOS, which has been long over-due for an update, has finally received its much-needed update on Thursday that adds official support for the retina HD displays of Apple’s 4.7-inch and 5.5-inch handsets.

The app, which is still a free download from the App Store, has been completely redesigned with a slew of changes to make using the app not only feel better, but look better. Read More

 

Apple ordered to pay $625 million in VirnetX patent suit

By Cody Lee on Feb 3, 2016

Apple has been ordered by a federal jury in east Texas to pay $625 million for patent infringement, Reuters reported late Wednesday. The jury found the iPhone maker guilty of using VirnetX’s security technology without its permission.

More specifically, Apple was found guilty of willfully infringing on technology found in VirnetX Holding Corp’s patents related to virtual private networking protocols, which Apple uses in its FaceTime and iMessage apps on iPhone and iPad. Read More

 

Bank of America and Wells Fargo adding Apple Pay support to ATMs

By Cody Lee on Jan 28, 2016

Both Bank Of America and Wells Fargo are working on integrating Apple Pay into their ATMs, reports TechCrunch. The outlet says it has learned that ATM engineers from the two companies have been placed on assignments to build out support for Apple’s digital wallet.

When questioned, Wells Fargo’s head of ATMs Jonathan Velline implied that the report holds water, telling TechCrunch his team has been working on the technology that will allow the bank to hook into digital wallets to replace the need for cards during ATM transactions. Read More

 

15 interesting points from Apple’s Q1 2016 earnings call

By Cody Lee on Jan 26, 2016

Apple announced the financial results for its fiscal first quarter of 2016 this afternoon, and the numbers are pretty solid. The company broke its own records on handset sales, moving 74.8 million iPhones, and revenue, garnering nearly $76 billion during the three-month holiday period.

We’ve just finished up the conference call, where Tim Cook and CFO Luca Maestri discussed Apple’s performance over the three-month period, and offered up some insights into its future. And as usual, we’ve rounded up the 15 most interesting points from the call below. Read More

 

Tim Cook: Apple has surpassed 1 billion active devices worldwide

By Cody Lee on Jan 26, 2016

“Our installed base recently crossed a major milestone of one billion active devices,” Tim Cook said in a statement for the company’s Q1 2016 earnings press release. The news comes on the back of a record-breaking quarter, where Apple sold 74.8M iPhones and garnered nearly $76 billion in revenue during the 3-month holiday period. Read More

 

Apple’s Q1 2016 earnings: 74.8M iPhones, 16.1M iPads, $75.9B revenue

By Cody Lee on Jan 26, 2016

Apple on Tuesday released its earnings report for the first [fiscal] quarter of 2016. As most of you know, this was the iPhone-maker’s holiday quarter, where most consumer electronic companies—particularly Apple—tend to put up monster numbers. And of course Tim Cook and his team did not disappoint.

Once again, Apple has delivered a record-breaking first quarter. The company sold 74.8 million iPhones, up slightly from last year’s 74.5 million, and increased its revenue by more than $1 billion. Not all of the numbers are impressive though, as Mac sales are slightly down and iPad sales continue to tumble.

Read More

 

Google paid Apple $1 billion in 2014 to be the default search engine on iOS

By Cody Lee on Jan 21, 2016

Google paid Apple $1 billion in 2014 to remain the default search engine on iOS, reports Bloomberg. The staggering number comes directly from a transcript of court proceedings in Oracle’s ongoing copyright lawsuit against Google, which stated that the search giant has an agreement with Apple that gives it a percentage of search revenue generated through iPhones and iPads. Read More

 
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