Money

Apple CFO: Google’s $12.5 Billion Motorola Buyout is “A Lot of Money”

The news that Google had picked up Motorola Mobility for a cool $12.5 billion is still reverberating around the tech world, with many wondering what this means for Android's partner agreements with the likes of HTC and Samsung. The question on our mind: What does Apple think about all this?

In a conference call hosted by Gleacher & Company, Apple's Chief Financial Officer Peter Oppenheimer weighed in on the Google purchase, and his response was pretty much the same as our's...

Could Apple Be Investing One Billion Dollars in Sharp for iPhone and iPad Displays?

It's no secret that the tech world is constantly interested in Apple's next move. And I'm not just talking about iPhone rumors either; their retail and supply chain plans also fetch the industry's curiosity.

The latest gossip regarding the Cupertino company and overseas manufacturers suggests that Apple is looking to invest a staggering one billion dollars in Sharp Electronics. Why? For their displays of course...

Google Snatches Up Motorola Mobility for $12.5 Billion

In a crazy turn of events, several media outlets are reporting this morning that Google has just sealed the deal on the acquisition of Motorola Mobility. The company is essentially Motorola's Mobile Device Division, which became its own entity earlier this year.

Google now owns that entity, along with over 12,000 cellphone-related patents. If nothing else, the move beefs up the company's struggling IP (Intellectual Property) portfolio, and will allow them to control all aspects of future Motorola products...

Analyst: iPhone and Mac Market Share Could Triple in the Next Few Years

Following the recent announcement that Apple had for the first time ever became the most valuable company in the world, surpassing Exxon, analysts are already predicting Apple's future.

Analyst Shaw Wu with Sterne Ageesent told investors Wednesday that Apple’s Mac and iPhone market shares could double, or even triple, in the next few years. 

Apple Now the Most Valuable Company in the World

Yesterday we told you that, for the first time, Apple had briefly become the most valuable company in the world, dethroning Exxon for a few minutes, and ending the day at the #2 spot.

Today, for the first time ever, Apple ended the trading day ahead of Exxon, and Apple is now the company with the largest market capitalization...

South Korea Fines Apple $2,855 Over Locationgate

It seems Locationgate just won't go away, with Apple being fined 3 million Won, or $2,855, by the country's communications regulator.

The fine relates to the infamous storage of iOS device's location in an unencrypted file on the computer they were synced to. Using this data, it was possible to plot people's movements on a map, causing mass hysteria, panic and general confusion. This file was discovered back in April, with seemingly the whole planet baying for Apple's collective blood.

Apple later released an update to its iOS software that addressed the issue, but the damage was done...

Apple Has More Cash Than the US Government

Folks in the White House should be taking notice, because Apple now has more cash on hand than the entire US government. That's right, Steve Jobs is the new Uncle Sam.

Apple has an astounding $75.88 billion in cash, while the United States only has $73.77 billion. At least now the US has someone to borrow from besides China.

How You Can Save $20/Month on Your AT&T Cellphone Bill in 6 Minutes

Yesterday I saw an AT&T commercial on TV saying that if you're on a family plan and choose to get unlimited text messaging, you would automatically get unlimited calling to any mobile phone in the US.

So this morning, after my delicious grande Caramel Macchiato at Starbucks, I decided to pay a visit to the AT&T store, right next to the coffee shop, and see if they could help me save a few bucks...

Apple is Number One Smartphone Manufacturer in US

A new report from Nielsen says that Apple is the number one smartphone vendor in the US, while Android remains the most popular mobile operating system. This research follows Apple's last earnings call, in which it was announced that 20 million iPhones were sold in the last business quarter.

Following Apple's dominance in the US is, surprisingly, Motorola. Samsung actually placed third, with both Motorola and Samsung owning a huge percentage of the Android market. Essentially, Apple moves more hardware while Android gets installed on more handsets.

With Stock Hitting the $400 Mark, Apple is Close to Becoming the Largest Corporation in the World

Apple's stock opened this morning at $400, and it is currently trading slightly over that mark, at roughly $403. Fueled by some incredible earnings for its 3rd financial quarter and the rumors of an iPhone 5 and iPad 3, Apple's stock value has never been this high.

With a current market capitalization (number of shares x value of share) of $373 billion, Apple is the second largest corporation in the world, right behind Exxon Mobile, whose market cap is currently at $416 billion...

Verizon iPhone Sales Slow in Anticipation of the iPhone 5

Verizon Wireless has released its earnings report for the third business quarter of 2011, with a reported 2.3 million iPhones activated on its CDMA network. The iPhone 4 came out on Verizon back in Feburary, and Verizon's sales numbers have been trailing behind AT&T's ever since.

In Q3, AT&T activated 3.6 million iPhones. Together, AT&T and Verizon only account for 30% of the 20 million iPhones Apple shipped last quarter, with AT&T still being the preferred carrier for new iPhone customers...