Financial Times

FT: Apple stepping up efforts in augmented reality eyewear

The Financial Times ran a paywall’d story Monday, in which it reported that Apple is “stepping up” its augmented reality efforts across the company, especially in augmented reality eyewear, with the ultimate goal of releasing a consumer-facing accessory. Augmented reality is now reportedly the most important development project within Apple, after iPhone.

The report notes that both Apple with its yet-to-be-announced product and Facebook with its tethered Oculus headset are gearing up to challenge the secretive Florida-based startup Magic Leap and Microsoft, which more than two years ago debuted its praised augmented reality accessory, called HoloLens.

Spotify may reportedly restrict biggest new music releases to paid users

The Financial Times is reporting that the leading music-streaming service, Spotify, which recently passed 50 million subscribers, may restrict biggest new music releases to paid users as it renegotiates contracts with record labels.

The Swedish company is looking to potentially decrease the amount of royalties paid to content holders as it readies a long-rumored initial public offering, said people familiar with the situation.

European Commission to reportedly rule against Apple’s sweetheart tax deal with Ireland

According to a 130-page judgment seen by The Financial Times, the European Commission (EC) is set to rule Tuesday against Apple’s sweetheart tax deal it struck with the government of Ireland back in 1999.

The Commission is reportedly set to demand that Ireland recoup over 1 billion euros in back taxes from the iPhone maker, or circa $1.12 billion.

“Apple will on Tuesday be hit with Europe’s largest tax penalty after Brussels ruled that the company received illegal state aid from Ireland,” warns the financial newspaper.