By Cody Lee on Sep 12, 2014
The high-end version of the new Apple Watch could cost over $1,000, according to TechCrunch. The website has spoken to experts within the jewelry industry who say that if the 18-karat gold ‘Edition’ version of the Watch is actually made of gold, it could sell for as much as $1,200.
It’s not clear if the entire case is made of gold, or the device is just gold-plated, but TC’s contacts say it’s more likely the former. For one, an all-gold case matches up with the size and weight provided for the watch, and two, gold-plating doesn’t really live up to Apple’s design standards. Read More
By Cody Lee on Sep 12, 2014
Apple has negotiated a never-before-seen deal for its new mobile payment system, according to a new report from the Financial Times. Citing sources familiar with the terms of the agreement, the outlet says that the Cupertino firm stands to make 15 cents of every $100 spent (or 0.15%) using Apple Pay.
We knew that Apple stood to make a lot of money from its new Pay service, but this is the first time we’re hearing hard numbers. “It’s unprecedented,” says Dickson Chu, former engineer at PayPal and Google Wallet. “It’s somewhat surprising that Apple was able to negotiate something Google couldn’t.” Read More
By Cody Lee on Sep 3, 2014
Shares of Apple dropped 4% today, closing this afternoon at $98.94. That’s the stock’s worst percentage slump since late January, and its worst value since it began its march towards its highest price ever in early August.
The news comes amidst the recent iCloud scandal, in which Apple’s cloud security was blamed for the leaking of several revealing celebrity photos, and ahead of the company’s highly anticipated iPhone event next week. Read More
By Cody Lee on Aug 28, 2014
Apple this morning sent out invitations for a media event on September 9th, where the company is expected to unveil the iPhone 6 and a new wearable device. We’ve heard conflicting theories on whether or not we’ll see one or two new handsets on stage, but a new report out this afternoon suggests the former.
According to website GforGames, “informed sources” are telling Chinese media outlets that only the 4.7-inch version of the iPhone 6 will make an appearance at the event, alongside a new 5s model with 8GB of storage. Apparently the larger 5.5-inch iPhone will make its debut later this year in limited quantities. Read More
By Cody Lee on Aug 26, 2014
Square has released a big update for its Cash app this afternoon, bringing it to version 2.0. The app, first released in October of last year, facilitates the quick transfer of money from one user to another via e-mail, and today’s update makes the process even faster.
The UI for sending and contact screens has been optimized in Square Cash 2.0, making it easier to send money, and you can also now add notes to your payments. But perhaps the biggest addition in today’s update is the ability to send cash to anyone via text message. Read More
By Cody Lee on Aug 21, 2014
Judge Lucy Koh handed down dual orders late last night, in regards to the 2012 trial between Apple and Samsung in northern California. The first has to do with Apple’s bid to recover some $16 million in legal fees from Samsung, and the second releases a $2.6 million bond back to Apple… Read More
By Cody Lee on Aug 19, 2014
After hovering just under the $100 mark for several weeks, shares of Apple finally surpassed the mark today and closed at an all-time high of $100.56. That breaks the Cupertino company stock’s previous closing record of $100.30, set on September 19, 2012 in the run up to the launch of the iPhone 5.
Today’s news comes just a few months after Apple authorized a 7-1 stock split (before the split, today’s closing price would be shown as $703.92), and amidst a barrage of rumors regarding the company’s plans for product releases this fall which include two new iPhones and possibly a smartwatch… Read More
By Cody Lee on Aug 8, 2014
In 2011, tech employees levied a class action anti-poaching lawsuit against Apple, Google, and other companies. The suit covered more than 60,000 workers, who claimed the firms conspired to keep their salaries lower by entering in a non-poach agreement with one another.
It was reported in April that Apple, Google, Intel and Adobe had reached a settlement for $324 million, but apparently Judge Lucy Koh (yes, that Judge Koh) didn’t like that number. Judge Koh officially rejected the proposed offer today, saying that it needed to be higher… Read More
By Cody Lee on Jul 25, 2014
For those of you still skeptical that Apple is gearing up for a blockbuster fall, check out this report from Morgan Stanley’s Katy Huberty. The analyst dug through its just-released 10-Q filing, and she says it reveals a lot about its upcoming plans.
Huberty explains that the company’s significant increase in spending all-but-confirms that we’ll see some major new products this year. In fact, its quarter-over-quarter increase is the largest we’ve seen since it introduced the first iPhone in 2007… Read More
By Cody Lee on Jul 22, 2014
During Apple’s Q3 earnings call this afternoon, Tim Cook praised the success of its iTunes software and services arm. The CEO said the division was the fastest-growing of the company’s business in the first 9 months of its fiscal year 2014.
The segment generated $4.5 billion in revenue during the 3-month period, an increase of 12% YoY (or year over year). And Cook attributed the growth to a number of factors, including growing interest in China and strong App Store numbers… Read More
By Cody Lee on Jul 22, 2014
As expected, Apple is out with its financial report for Q3 2014 this afternoon. In a press release issued just a few moments ago, the company announced that it sold 35.2 million iPhones, 13.2 million iPads, and pulled in $37.4 billion in revenue during the three month period.
Apple beat its own guidance, and met projections on just about everything but iPad numbers. It would seem that the problems continue with the popular tablet line, as sales came in more than 1 million units less than expected. We have a full breakdown of the numbers below…
By Cody Lee on Jul 17, 2014
On Tuesday, Apple launched a new service in Japan called ‘iTunes Pass.’ The service allows customers to purchase iTunes Store credit from an Apple retail store using Passbook, eliminating the need for physical gift cards and redemption codes.
At the time of launch, it was unclear if Apple intended to roll out iTunes Pass to other countries, or if it was merely just testing the waters for a bigger project. After 24 hours, that question was answered tonight when the service popped up in the US… Read More
By Cody Lee on Jul 16, 2014
Google today announced a significant update for its Google Wallet service. The new version brings about support for gift cards, money requests, and the ability to send money with your debit card for free, and it should be rolling out to iOS and Android apps shortly.
With the new gift card support, users will be able to save their electronic cards to Google Wallet, redeem them in-store, and even check their balances [only at participating merchants]. The Wallet app can even remind you to use your card when you are near stores… Read More
By Cody Lee on Jul 11, 2014
Sharp is looking to regain control of its Kameyama plant back from Apple. Nikkei is reporting this afternoon that the company has proposed a deal to the Cupertino firm worth nearly $300 million, in an effort to diversify its customer base.
The Kameyama Plant No. 1 began operations in 2004 as a facility for manufacturing large panels for flat-screen TVs. But after consecutive years of profit losses, it called on Apple to help foot the bill to transition the plant to smaller panels… Read More