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.

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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

 

Tim Cook earned $10.3 million in 2015 as Apple’s CEO

By Cody Lee on Jan 6, 2016

Ever wonder how much it pays to be the CEO of one of the world’s largest companies? About $10 million. On Wednesday, Apple submitted a new SEC filing showing that Tim Cook’s total compensation for fiscal 2015 was $10,281,327.

Broken down, Cook received $2 million in base salary, $8 million in non-equity compensation, and $280K in “other” compensation. Note that this doesn’t include the $50+ million in awarded Apple stock that vested for Cook this year. Read More

 

15 interesting points from Apple’s Q4 2015 earnings call

By Cody Lee on Oct 27, 2015

Apple announced its financial results for its fiscal fourth quarter of 2015 this afternoon, and the numbers are pretty solid. The company sold 48M iPhones and earned $51.5B in revenue, handily beating numbers from last year but falling short of Wall Street’s expectations.

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

 

Apple’s Q4 2015 earnings: 48.05M iPhones, 9.88M iPads, $51.5B revenue

By Cody Lee on Oct 27, 2015

Apple on Tuesday posted its [fiscal] fourth quarter earnings for 2015, offering a look at its performance over the past 3 months. The company shattered most of its sales figures from the same year-ago quarter, but came in under Wall Street expectations in the most important category: iPhone sales.

Analysts were expecting Apple to sell 48.5 million smartphones during Q4, but it fell a bit short at 48.05 million. And although market watchers anticipated lower-than-last-year iPad numbers, the firm came in under tablet sales projections as well. Keep reading for a full breakdown of the numbers.

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Verizon raising price of grandfathered unlimited data plans by $20 in November

By Cody Lee on Oct 8, 2015

Verizon on Thursday announced that it will soon be raising the price on grandfathered unlimited data plans by $20. As noted by CNET, this will bring the monthly price tag of unlimited data to $49.99 per month, which is in addition to the standard talk and text plan, and the change is set to take place in November.

The amount of people affected by this move should be relatively small. Verizon says that less than 1% of its 100+ million subscriber base still has an unlimited plan, and those that do still have one and are currently under contract from a previous phone purchase won’t likely see the price hike until the contract expires. Read More

 

Apple announces iPhone Upgrade Program: get a new iPhone every year starting at $32/month

By Cody Lee on Sep 9, 2015

Alongside its new iPhone 6s and 6s Plus, Apple on Wednesday announced the iPhone Upgrade Program. It’s an in-house upgrade program, similar to the installment plans carriers offer, which allows you to get a new iPhone every year for a monthly fee. Read More

 

iPad Pro starts at $799, available in November

By Cody Lee on Sep 9, 2015

Apple just took the wraps off of its long rumored, 12.9-inch iPad Pr. As expected, the device is incredibly powerful and features two unique (and sold-separately) accessories: a smart keyboard cover and a pressure-sensative stylus it’s calling the Apple Pencil.

For those wondering when you’ll be able to grab one of the new iPads, and how much it’s going to cost you, Apple just announced that the tablet will be available in November, with a starting price of $799 for the entry-level model, which features 32GB of storage. Read More

 

Judge green-lights $415M settlement in Apple, Google anti-poaching lawsuit

By Cody Lee on Sep 3, 2015

US District Judge Lucy Koh handed down final approval late Wednesday for a settlement between Apple, Google, Adobe and Intel, and their former employees. The payout is said to be worth around $415 million, and should effectively end the long-running Silicon Valley anti-poaching suit.

For context, in 2011, employees of the aforementioned tech firms filed a class action lawsuit against the companies for anti-competitive labor practices. The suit alleged the firms conspired to avoid hiring each other’s workers in an effort to curtail salaries, costing workers $3 billion in wages. Read More

 

Apple Pay adds support for 18 new US banks and credit unions

By Cody Lee on Sep 2, 2015

Apple on Wednesday added 18 new banks and credit unions to the growing list of Apple Pay-supporting issuers in the United States. With these additions, Apple Pay is now compatible with more than 450 financial institutions nationwide.

Launched in October of last year, Apple Pay is a mobile payment service that allows users to pay for goods and services using their iPhone or Apple Watch. It’s accepted at hundreds of thousands of retailers and restaurants around the country. Read More

 
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