France fines Apple $422 million over its controversial tax practices

By Sébastien Page on Nov 24, 2016

French tax authorities have recently issued Apple a fine in the amount of 400 million euros (about $422 million), according to L’Express. At the core of the adjustment is Apple’s complex and controversial tax optimization scheme that allows the firm to send back the lion share of its profits to tax-friendly countries such as Ireland. Read More

 

Apple plans to cut App Store fees for video streaming apps

By Cody Lee on Nov 16, 2016

Apple plans to cut the amount it charges to sell video services over its App Store, Bloomberg reports. The outlet says the move is part of an effort to appease content partners, whose TV shows and movies are vital to the company’s larger video strategy.

Previously, the iPhone maker took a 30% cut of revenue from app and in-app purchases. Then in June it announced it would slice that in half after the first year Now it sounds like Apple is going to make that an upfront price for participating video apps. Read More

 

Ireland is cheering in favor of Apple in EU state aid tax ruling

By Christian Zibreg on Nov 10, 2016

In August, the European Commission slammed Apple with a tax bill from hell over a sweetheart deal it received from Ireland—which, in the Commission’s view, constitutes “illegal state aid”.

Dublin promptly promised to join Apple’s fight against EU and it’s put its money where its mouth is.

Michael Noonan, Finance Minister in the Irish government, said that Dublin today challenged the EU judgment by submitting an appeal to the European courts in a bid to block the decision, ArsTechnica reports. Read More

 

Apple seizes a whopping 104% of smartphone industry profits in Q3

By Sébastien Page on Nov 4, 2016

Apple captured 103.6% of smartphone industry profits in the third quarter of 2016, making it by far the most profitable company in the business, according to BMO Capital Markets analyst Tim Long. This represents a notable increase from the year-ago quarter where Apple had grabbed 90% of smartphones profits. Read More

 

New MacBook Pro starts at $1,499, some models available today

By Cody Lee on Oct 27, 2016

Apple just announced pricing and availability information for its shiny new MacBook Pro. Apparently it will come in 3 models, starting at $1,499, and you can order them all today. Shipping times are different, however, depending on which model you’re after.

The entry-level 13-inch MacBook Pro is essentially a MacBook Air replacement. It shares the slimmer design and various internals with the new MacBook Pro, but it comes with physical Function keys instead of the Touch Bar, and doesn’t have Touch ID. Read More

 

Apple now has $237.6 billion and other highlights from the Q4 earnings call

By Cody Lee on Oct 25, 2016

Apple announced the financial results for its fiscal fourth quarter of 2016 this afternoon, and although they met Wall Street estimates, the numbers are still pretty rough. iPhone sales are down 3 million units, and revenue is down $4.5 billion from the year-ago quarter.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about their company’s performance over the last 3 months, and offer up some insights into its future. Here are some of the most interesting points from the call. Read More

 

Apple’s Q4 2016 earnings: 45.5M iPhones and 9.3M iPads sold, revenue down to $46.9B

By Cody Lee on Oct 25, 2016

Apple on Tuesday posted its [fiscal] fourth quarter earnings for 2016, offering a look at its performance over the past 3 months. The Cupertino company came close to most of Wall Street’s expectations, selling 45.5 million iPhones, 9.3 million iPads and earning $46.9 billion in revenue. The numbers are still down year-over-year, however, as the struggle to find new growth continues. Read More

 

Spotify looking to lower its revenue share with music labels

By Cody Lee on Aug 23, 2016

Spotify is out of contract with all three major music companies, and according to Music Business Worldwide, the renegotiations aren’t going well. Citing sources familiar with the talks, the outlet says the sticking point is revenue share.

With Spotify preparing for an IPO, the labels see this as a great opportunity to get the streaming company to raise its revenue split from around 55% to 58%, which is what Apple Music pays. Spotify, however, wants to lower the amount. Read More

 

Apple: ConnectED program now reaches over 32,000 students

By Cody Lee on Aug 10, 2016

Apple on Wednesday announced that its ConnectED efforts now reach over 32,000 students. In a note on its website, the company said that as of the start of the 2016 school year, there are 32,145 students at underserved public schools in the US that are learning on iPad through the program. Read More

 

In July, App Store hit highest-ever monthly billings and money paid to developers

By Christian Zibreg on Aug 3, 2016

According to Apple CEO Tim Cook himself, the App Store has set a new record in July with highest-ever monthly billings and money paid to developers. Developers have now earned over $50 billion from sales of their apps since the App Store’s debut in the summer of 2008—and that’s after the company’s standard thirty percent cut on all App Store proceeds.

The CEO took to Twitter to congratulate developers on their “success and such inspired creativity”. Read More

 

Judge voids $625 million verdict against Apple in VirnetX patent spat

By Christian Zibreg on Aug 1, 2016

In February 2016, a federal jury ordered that Apple pay $625 million to VirnetX Holding Corp after being found guilty of willfully infringing on technologies found in VirnetX’s patents related to virtual private networking protocols. Friday, the judge voided that ruling after determining that the case should be revisited, CNBC reports. VirnetX alleges that its patented technology is used in FaceTime and iMessage on the iPhone, iPad and Mac. Read More

 

Samsung enjoys its most profitable quarter in two years thanks to strong Galaxy S7 sales

By Christian Zibreg on Jul 28, 2016

Samsung this morning announced results for the second calendar quarter ended June 30, and the numbers are encouraging despite global smartphone sales cooling down. The South Korean conglomerate’s mobile division reported “substantial earnings improvement” buoyed by strong sales of its flagship Galaxy S7 and Galaxy S7 edge flagship smartphones.

The data is newsworthy given strong competition Samsung has been facing on the low-end from Chinese rivals like Xiaomi and Huawei and on the high-end from Apple’s iPhone. This is the best earning result Samsung has posted in two years, by the way. Read More

 

15 interesting points from Apple’s Q3 2016 earnings call

By Cody Lee on Jul 26, 2016

Apple announced the financial results for its fiscal third quarter of 2016 this afternoon, and although they beat Wall Street estimates, the numbers are pretty rough. iPhone sales are down 7 million units, and revenue is down $7 billion from the year-ago quarter.

Following the release of its earnings, CEO Tim Cook and CFO Luca Maestri hopped on a conference call to talk about Apple’s performance over the last few months, and offer up some insights into its future. Here are your 15 most interesting points from that call. Read More

 

Apple’s Q3 2016 earnings: 40.4M iPhones, 10M iPads, $42.4B revenue

By Cody Lee on Jul 26, 2016

Apple on Tuesday released its earnings report for the third [fiscal] quarter of 2016. The Cupertino company exceeded expectations, selling 40.4 million iPhones, 10 million iPads and earning $42.4 billion in revenue. The numbers are still down year-over-year, however, with 47.5 million iPhones and nearly $50 billion in revenue in Q3 2015. Read More

 

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

 
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