Cook says Buffet’s sizable holding in Apple means it isn’t really a normal tech company
Berkshire Hathaway’s major investment in Apple shows that Warren Buffett understands Apple is really a consumer products company at its core.
Finance
Some British government services now accept Apple Pay to approve online transactions
Payments for the British Government’s Global Entry Service can now be approved through Apple Pay, with support for additional services to be rolled out at a later stage.
Samsung reports weakest profits in two years
The Galaxy maker has attributed less-than-stellar profits to, among other factors, lower-than-expected sales of its premium smartphones and memory chips.
The best free currency converter apps for iPhone and iPad
Traveling to another country or just need exchange rates quickly? These free currency converters for iPhone and iPad give you bang for your buck.
Spotify: 30% earnings growth, 96 million paid subscribers, two podcast-related acquisitions
The company reported 207 million monthly active users on paid and ad-supported tiers. And for the first time since its founding, Spotify has operated at a profit.
Apple gave Tim Cook a $12 million bonus as his total 2018 compensation hits $136 million
The iPhone maker gave its CEO 22% Increase in pay, helping boost his compensation for fiscal 2018 to to $15.7 million as the company topped financial targets.
T-Mobile enters mobile banking with a new Money service
T-Mobile’s launched a new mobile banking solution, T-Mobile Money, available as an app for iPhone and Android.
Apple to report September quarter earnings on November 1
Apple has announced through its Investor website that it will announce September quarter earnings and host a conference call to discuss the results on November 1, 2018 at 2:00pm PT / 5:00pm ET.
Tim Cook’s set for a $120 million payday this week
Tim Cook’s about to collect a huge financial reward. On Friday, Aug. 24, the Apple CEO will receive additional shares in Apple worth around $120 million.
Snapchat’s redesign caused daily active user base to fall for the first time since its inception
While Snap has reversed many visual changes in the app, the controversial redesign has led to “a slightly lower frequency of use among our user base,” as CEO Evan Spiegel put it.
Warren Buffett’s Berkshire Hathaway now second largest Apple shareholder
Warren Buffett’s Berkshire Hathaway recently revealed its increased stake in Apple. With 239.3 million shares, the company is now the second largest Apple shareholder behind Vanguard Group.
Bill Gates: Apple is “an amazing company”
Microsoft’s co-founder and former Apple rival Bill Gates has backed billionaire investor Warren Buffett’s decision to increase his stake in Apple, saying it’s the most well-positioned technology company when it comes to profits.
