Friday, March 29

Tag: Apple

Despite Fall in iPhone Sales, Apple Makes Biggest Ever Company Profit
ANALYSIS

Despite Fall in iPhone Sales, Apple Makes Biggest Ever Company Profit

The quarterly profit results for the most crucial quarter of Apple are out, and those are outstanding! Breaking its own record which was set 2 years ago, Apple posted a revenue of $88.3 billion and net quarterly profit of $20.1 billion. The results come after the launch of its $999 surprise phone- iPhoneX which was launched in November, along with the expected iPhone 8. “iPhone X surpassed our expectations and has been our top selling iPhone every week since it shipped in November,” Cook said. iPhone X introduced a new feature called Face ID which was its stand out feature along with amazing selfie camera. As per the release, Apple sold over 77.3 million iPhone and over 13 million iPad. It generated a total of $88.29 million revenue, thanks to the higher prices of its new handsets...
Apple Will Invest $350 Billion into US Economy in Next 5 Years
USA

Apple Will Invest $350 Billion into US Economy in Next 5 Years

Apple has announced that it will invest and spend about USD 350 billion in the United States in the next five years creating some 20,000 jobs in the country. Already the largest US taxpayer, Apple anticipates repatriation tax payments of approximately USD 38 billion as required by the recent changes to the tax law.A payment of that size would likely be the largest of its kind ever made, the Silicon Valley based company said in a statement. "Apple is a success story that could only have happened in America, and we are proud to build on our long history of support for the US economy," said Tim Cook, Apple's CEO. "We believe deeply in the power of American ingenuity, and we are focusing our investments in areas where we can have a direct impact on job creation and job preparedness. ...
Apple Acquires Canadian App Development Service Buddybuild
ACQUISITION

Apple Acquires Canadian App Development Service Buddybuild

Apple still struggles to let developers make apps easily for its platform. In such an effort, the iPhone maker has acquired Vancouver-based app tool startup- Buddybuild- a mobile iteration platform focusing on continuous integration and debugging tools. Buddybuild makes it easier for developers to develop an app by providing them a simple workflow for iterating and pushing their apps to the users through GitHub, GitLab or BitBucket. "We're excited to share that the buddybuild team has joined the Xcode engineering group at Apple to build amazing developer tools for the entire iOS community." Buddybuild said in a bog-post. As part of the deal, Buddybuild will be rolled into Xcode, Apple’s suite of development tools for iOS, macOS, watchOS and tvOS. As for Buddybuild's existing cu...
Apple Apologizes After Outcry Over Slowed iPhones
News

Apple Apologizes After Outcry Over Slowed iPhones

Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good. In a posting on its website Thursday, Apple apologized over its handling of the battery issue and said it would make a number of changes for customers “to recognize their loyalty and to regain the trust of anyone who may have doubted Apple’s intentions.” Apple made the move to address concerns about the quality and durability of its products at a time when it is charging $999 for its newest flagship model, the iPhone X. The company said it would cut the price of an out-of-warranty battery replacement from $79 to $29 for an iPhone 6 or later, starting ...
HQ Trivia Will Be Available On Android This New Year’s Eve
Tech

HQ Trivia Will Be Available On Android This New Year’s Eve

Have you heard about HQ Trivia app? Yes, the world popular quiz show app that was available only for iPhone users. Despite of its availability only on a single platform, it has attracted quite a number of users. This Christmas, it even crossed 730,000 players. HQ Trivia is an online trivia game show which offers prizes(money) to the users who make it to the end by answering all the 12 questions correct. Those who make it to the last, the prize money is distributed amongst them. HQ Trivia had been planning from quite some time to make a debut on Android platform, but has only released the beta version to a small subset of users. "Android update: we’re in limited beta as of Christmas Day & are working quickly on patches, so we can continue to roll it out to more testers througho...
2017 Was A Very Happy Year For Apple’s Tim Cook With A Total Payout Cheque Of $102M
INSPIRATIONAL

2017 Was A Very Happy Year For Apple’s Tim Cook With A Total Payout Cheque Of $102M

Turns out the year 2017 for iPhone maker Apple Inc's chief executive officer Tim Cook was very happy. In a recent regulatory filing by Apple, it was revealed that Tim received a 74 percent increase in his annual bonus for fiscal 2017. Cook's incentive pay totaled around $9.3 million for the year ending September. He also took home $3.06 million in salary and a previously disclosed equity award of $89.2 million, bringing his total payout for the year to about $102 million. According to Bloomberg, his top five lieutenants each got bonuses of $3.11 million, bringing their total compensation to about $24.2 million each, including salaries and stock awards. Apple has increased the proportion of performance shares in its equity awards, which boosts potential future earnings for the ...
Apple Faces Lawsuits After Saying It Slows Down Aging iPhones
News

Apple Faces Lawsuits After Saying It Slows Down Aging iPhones

Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the company opened up about the year-old software change. The tweak may have led iPhone owners to misguided attempts to resolve issues over the last year, the lawsuits contend. All the lawsuits - filed in U.S. District Courts in California, New York and Illinois - seek class-action to represent potentially millions of iPhone owners nationwide.  A similar case was lodged in an Israeli court on Monday, the newspaper Haaretz reported. Apple did not respond to an email seeking comment on the filings. The company acknowledged last week for the first time in detail that operating system updates...
Apple Sued by iPhone Owners Over Intentional Slowing of Older iPhones
USA

Apple Sued by iPhone Owners Over Intentional Slowing of Older iPhones

AP- iPhone owners from several states sued Apple for not disclosing sooner that it issued software updates deliberately slowing older-model phones so aging batteries lasted longer, saying Apple's silence led them to wrongly conclude that their only option was to buy newer, pricier iPhones. The allegations were in a lawsuit filed on Thursday in Chicago federal court on behalf of five iPhone owners from Illinois, Ohio, Indiana and North Carolina, all of whom say they would never have bought new iPhones had Apple told them that simply replacing the batteries would have sped up their old ones. The suit alleges Apple violated consumer fraud laws. A similar lawsuit was filed on Thursday in Los Angeles. Both suits came a day after Apple confirmed what high-tech sleuths outside the company a...
Apple In Talks To Acquire Music Identification App Shazam – Source
ACQUISITION

Apple In Talks To Acquire Music Identification App Shazam – Source

Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation. Shazam’s smartphone app is already tightly integrated with Apple’s Siri digital assistant. Users of Apple’s iPhone with the Shazam app installed can say: “Hey Siri, what’s that song?” and the app will identify it. But Shazam has other features, such as the ability to identify television shows, that do not yet work with Siri. Tech news website TechCrunch reported the talks earlier, writing that Apple could pay about $400 million for Shazam and that a deal could be signed as early as next week. Shazam did not respond to a request for comment. Privately-held, UK-based Shazam has raised $1...
Steve Wozniak Slams iPhone X Face ID, Said He Was An Early Investor In Bitcoins
Entrepreneurs Talk

Steve Wozniak Slams iPhone X Face ID, Said He Was An Early Investor In Bitcoins

[dropcap]A[/dropcap]pple co-founder Steve Wozniak (aka "Woz") shared his insights about his experience with iPhone X. Talking about Apple's flagship smartphone which was launched on its 10th anniversary, is something Woz said,"..its not what I would want." He also highlighted the point that digital giants like Google and Facebook are raking in massive profits, at the expense of consumers. Wozniak was one of the speakers at the one day conference at Pivot Summit in Geelong, focused on providing insight about emerging tech. Pivot Summit is held annually aiming to bring Australian and international thought leaders to share their views on future of digital. Speaking at the summit, Steve Wozniak shared some of his college memories where he used to type term papers throughout the ni...
YouTube To Launch Music Subscription Service Next Year: Bloomberg
News

YouTube To Launch Music Subscription Service Next Year: Bloomberg

Alphabet Inc’s YouTube plans to introduce a paid music streaming service in March, Bloomberg reported on Thursday, citing people familiar with the matter. Record label Warner Music Group has already signed on while Sony Music Entertainment, Universal Music Group, and Merlin, a consortium of independent labels, are in talks with the video streaming website, Bloomberg said. The service, internally referred to as Remix according to Bloomberg, will compete with similar offerings from Spotify and Apple Inc. Google, another Alphabet unit, introduced Google Play Music, a streaming service, in 2011. YouTube launched ad-free, subscription-based YouTube Red in 2016 featuring exclusive video content from popular creators such as Lilly Singh Michael Stevens. YouTube was not available for comment...