Last week, Tim Cook made it clear that Apple intends to beef up its presence in China. The CEO said that although the country is only its second largest market right now (behind the US), it will soon be number one.
With that, comes a report today that Apple has introduced a new interest-free installment payment option to its web store in China as a way of enticing potential customers that may not have enough cash on-hand...
Last month, T-Mobile confirmed that it was ending device subsidies ahead of its official iPhone launch. The carrier hopes that customers will buy into the idea, which has them paying full retail prices for mobile devices in exchange for lower monthly fees.
Well apparently, the idea has attracted the attention of the big wigs at Verizon and AT&T. According to a new report, CEO's from both companies are intrigued by the theory, and will be watching T-Mobile's experiment closely over the next several months...
Earlier this year, The New York Times wrote a piece on the different methods Apple uses to sidestep "billions in corporate taxes." Like other articles in the publication's iEconomy series, it painted the Cupertino company in a not-so-favorable light.
But despite the workarounds, Apple says it still pays a significant amount in income taxes. According to a recent statement, it paid over $6 billion in US taxes during its fiscal 2012, accounting for $1 out of every $40 collected from corporations...
With all of the talk of Apple losing its dominance, and its stock price taking a $200 bath towards the end of last year, the Cupertino company needed a big holiday quarter to quiet its critics. Outside figures look good, but we won't know for sure until Apple says something.
Fortunately, we won't have to wait much longer for it to break the silence. The iPad-maker has updated its Investor Relations page this afternoon to note that it will announce its earnings for the first fiscal quarter of 2013 (4th calendar of 2012) on Wednesday, January 23...
If you are just shaking off the holiday headaches, just think of Apple. After taking a drubbing from Wall Street analysts worried about everything from the fiscal cliff to too few (or too many) sales of iDevices, the iPhone maker woke up this morning to its stock actually up. After rising 4 percent in early morning trading, AAPL shares remain positive. Why the better performance, after being jostled around like a visitor to Time Square on New Year's Eve? Apparently, it has to do with next week's CES and talk that Apple could create an iWatch...
While much of the world spent yesterday recovering from dehydration and hangovers, Apple was dealing with a different kind of headache. You know, the type of headache you get when someone steals over a million dollars in merchandise from you.
That's right, in what sounds like a rejected Ocean's 11 plot, the Apple Store in Paris's Opera district was robbed at gunpoint on New Year's Eve. And the masked thieves are believed to have made off with more than a million dollars in stolen products...
Brace yourselves, it looks like advertisements are coming to Instagram. Since its release in late 2010, the popular photo sharing service has managed to remain ad-free. But once Facebook took over the reigns earlier this year in its legendary $1 billion buyout, speculation has been rampant that this would change, and Facebook just confirmed it...
Apple has just rejected the latest update to Microsoft's iOS SkyDrive app, a client for its popular cloud-based storage service. The reason for this is that the update includes the ability for users to purchase more storage through the app, and Microsoft isn't giving Apple its 30% cut of the sales.
Apparently the two companies are at serious odds over the commission fee, and the situation may not be resolvable. Microsoft has even offered to remove all subscription options from the app, but to no avail. And according to a new report, the beef has spilled over into Office for iOS discussions...
Following in the footsteps of Bob Mansfield and other executives, Apple's SVP of Internet Software and Services, and new head of Maps, Eddy Cue sold 15,000 shares of company stock last week. The selloff, which netted Cue nearly $9 million, was detailed in a filing published by the US Securities and Exchange Commission yesterday...
Apple revolutionized the music industry when it first introduced the iTunes Music Store back in 2003. At the time, people were either spending $10-$15 for a CD, or pirating their music from a p2p service like BearShare. And iTunes came in and changed all that.
Since then, Apple has really turned the Store into a media empire. It added TV shows in 2005, movies in 2006, apps in 2008 and then books and magazines shortly after. Today, Apple's iTunes business ranks among some of the world's largest media companies...
"Just chalk it up to marketing." That's how a lot of pundits have explained Apple's success over the years, indicating that the company devotes a lot of its resources to, and greatly depends on, marketing to sell products.
But according to a new report from Asymco analyst Horace Dediu, Apple spends far less on marketing than the competition does. In fact, when it comes to these kinds of expenses, Samsung spends more than anyone...
Bob Mansfield, Apple's un-retired SVP of Technologies, is another high-ranked executive to cash in shares of AAPL stock after an "insanely insane" sell-off that saw a quarter of Apple's market cap wiped off. Like other executives, Mansfield likely figured the move makes financial sense ahead of a rumored "fiscal cliff".
According to a U.S. Securities and Exchange Commission filing, Mansfield, a long-time Apple veteran, unloaded 35,000 shares. At $582.21 a share, the transaction earned him $20,377,507.50. He still holds 29,548 shares and will get another 150,000 shares in June 2013 and March 2016 provided he stays with Apple.
Though Mansfield wanted to retire, Apple's boss has managed to convince him to stick around for two more years. If Cook gave me a $2 million a month paycheck as a compensation for an advisement position, I'd also un-retire in a heartbeat....