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Apple Looking to Invest $1 Billion in SoftBank Tech Fund

13Dec By AdityaNo Comments

News

Apple Looking to Invest $1 Billion in SoftBank Tech Fund

Apple Inc has held talks to invest up to USD 1 billion in a new USD 100 billion tech fund being set up by Japan's SoftBank Group Corp, a source familiar with the matter told Reuters. SoftBank is investing at least USD 25 billion in the fund and has been in talks with Saudi Arabia's Public Investment Fund (PIF) for an investment that could go up to USD 45 billion. SoftBank has said it plans to make future large-scale investments via the tech fund, rather than on its own. Some of SoftBank's moves have caused concern among analysts, as the firm wrestles with a 13.7 trillion-yen (USD 119 billion) debt pile. SoftBank and Apple were not immediately available for comment. Through the investment, Apple would hope to gain insight on emerging technologies, the Journal said, adding that the...

Amazon challenges Apple and Spotify with New Music Streaming Service

12Oct By reutersNo Comments

News

Amazon challenges Apple and Spotify with New Music Streaming Service

Amazon.com Inc on Wednesday launched a full-fledged music streaming service with subscriptions as low as $3.99 per month for owners of its Amazon Echo speaker, accelerating the industry trend toward more flexible pricing after years of sticking to $9.99 subscriptions. The new streaming service, called "Amazon Music Unlimited," lets users access a vast catalog of songs on demand, similar to Spotify and Apple Music. Subscriptions to play music on the Echo cost $3.99 per month; for access beyond that device, subscriptions cost $7.99 a month for members of Amazon's Prime shipping and video service and $9.99 for non-members. Amazon will continue to offer Prime members a limited streaming service for free. As it plunges deeper into the crowded streaming field, Amazon is counting on the Ech...

Apple Says Initial Quantities of iPhone 7 Plus Sold Out

15Sep By reutersNo Comments

News

Apple Says Initial Quantities of iPhone 7 Plus Sold Out

Initial quantities of the iPhone 7 Plus have sold out globally as Apple Inc prepares to roll out its new gadget in stores, the company said Wednesday. Supplies of the larger size of Apple's new phone have been exhausted in all shades, and the smaller iPhone 7 has also sold out in the new jet black color, the company said. Customers who enter Apple Stores Friday, when the gadgets hit shelves, will not be able to purchase the sold-out phones on site, but they can continue to place orders for their desired models online, Apple said. "We sincerely appreciate our customers' patience as we work hard to get the new iPhone into the hands of everyone who wants one as quickly as possible," Apple spokeswoman Trudy Muller said in a statement. Apple launched the new phones at a San Francisc...

Apple Acquired Health Startup Gliimpse Founded By Indian-Origin Duo

24Aug By NitishNo Comments

ACQUISITION

Apple Acquired Health Startup Gliimpse Founded By Indian-Origin Duo

IANS- Tech giant Apple has quietly acquired personal health data startup Gliimpse founded by two Indian-origin entrepreneurs. The acquisition happened earlier this year but was not publicly announced, according to media reports. An Apple spokesperson has responded, saying: "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans." Founded in 2013 by serial entrepreneur Anil Sethi and Karthik Hariharan, Gliimpse provides a secure platform where consumers can manage and share their medical records and information. Before Gliimpse, Sethi had co-founded several health startups like Xlipstream, Pinch Bio and Dakota Imaging. This acquisition will likely strengthen Apple's efforts to collect or manage health data. In 2014, it had...

Apple To Boost China Investments as Demand Slows

19Aug By reutersNo Comments

BUSINESS, CHINA

Apple To Boost China Investments as Demand Slows

Apple Inc will boost its investment in China, one of its largest but increasingly challenging markets, and build its first Asia-Pacific research and development center in the country, Chief Executive Tim Cook said on Tuesday. Cook made the pledge during a trip to China, at least his second in four months, as demand for Apple's iPhones has plummeted in the world's second-largest economy and the government remains wary about foreign technology. Apple's new research and development center will be built by the end of the year, Cook told Vice Premier Zhang Gaoli, one of China's most senior officials, according to CCTV, the official Chinese state broadcaster. The center will unite Apple's engineering and operations teams in China and is also intended to deepen the company's ties to part...

Apple Started Bounty Bug Program For Developers

7Aug By AnkitaNo Comments

News

Apple Started Bounty Bug Program For Developers

Apple Inc said it plans to offer rewards of up to $200,000 (£152,433) to researchers who find critical security bugs in its products, joining dozens of firms that already offer payments for help uncovering flaws in their products. Such rewards are already offered by dozens of firms, including Facebook Inc, Google, Microsoft Corp, Tesla Motors Inc and Yahoo Inc. The program will initially be limited to about two dozen researchers who Apple will invite to help identify hard-to-uncover security bugs in five specific categories. Those researchers have been chosen from the group of experts who have previously helped Apple identify bugs, but have not been compensated for that work, the company said. The most lucrative category, which offers rewards of up to $200,000, is for bugs in Apple's ...

IBM, Apple Unveiled First Global Development Platform in India

5Aug By Press Trust of IndiaNo Comments

News

IBM, Apple Unveiled First Global Development Platform in India

IBM today unveiled a new enterprise mobility platform IBM MobileFirst for iOS Garage in India and plans to open satellite centres in many other countries including Brazil, China and Romania. IBM MobileFirst is a platform for building mobile apps for the enterprise. The Garage is dedicated to enable clients to complete digital mobility projects as quickly as possible and will tap into the worlds largest concentration of Swift developers, IBM design and iOS device expertise and consulting services, Mahmoud Naghshineh, GM, Apple partnership, IBM, told reporters. "It will serve as a global development hub for iOS apps and work with existing design locations in Atlanta, Chicago, Cupertino and Toronto," he said. IBM also plans to open satellite centres in Brazil, Romania and many oth...

How Apple Backing Helped China’s Taxi Aggregator Didi Chuxing To Outrun Uber in China

4Aug By reutersNo Comments

Story

How Apple Backing Helped China’s Taxi Aggregator Didi Chuxing To Outrun Uber in China

Apple Inc's $1 billion investment in car-hailing app Didi Chuxing in May helped accelerate Uber's decision to agree a halt to a costly two-year battle with its rival in China, people close to the companies and analysts said. Didi Chuxing Technology Co and Uber Technologies Inc raised billions of dollars in funding and spent heavily on discounted rides as they slugged it out for drivers, passengers and market share in the world's second-biggest economy. Uber finally ceded this week, realizing it was no match for a cash-rich rival with the backing of three of the world's largest technology giants. It agreed to give up its independence in return for a nearly one-fifth stake in a bigger Didi. Didi raised far more money than Uber China making China the first market where Uber's strategy of...

28Jul By PriyankaNo Comments

INDIA

Apple Given Relaxation in Sourcing Norms For Three Years: Indian Govt

Apple has only been given a "breather" for the first three years by providing relaxation to it in local sourcing norms and the compulsory 30 per cent local sourcing clause has not been completely dispensed with, government today informed Rajya Sabha. "We have just given a relaxation that in the first three years, if local sourcing for their retail outlet is becoming difficult, the first three years will be exempted. But the average that we calculate for the local sourcing requirement will be applicable after that for five years. "So, it is not that as if we have completely dispensed with that clause. We have only said that give a breather for the first three years. We may do it afterwards," Commerce Minister Nirmala Sitharaman said. Replying to members question, she said...

Xiaomi Rolls Out First Laptop to Take on Lenovo, Apple

27Jul By Press Trust of IndiaNo Comments

Tech

Xiaomi Rolls Out First Laptop to Take on Lenovo, Apple

Chinese smartphone maker Xiaomi today rolled out its first laptop, testing the waters in a market that has been flooded with premium tablets. The laptop Mi Notebook Air, runs on Microsofts Windows 10 operating system, sells for 4,999 yuan (around USD 749) for a 13.3-inch display. A slimmed-down version for office use is also available for 3,499 yuan. The laptop is priced at a discount compared to many models with similar specifications from leading brands such as Lenovo, Dell, HP and Apple. It is the Beijing-based firms latest attempt to press ahead with its strategy of releasing top-spec devices at low prices. "Xiaomi will continue to roll out budget devices with key components in the same league as those on premium devices," Xiaomi co-founder Lei Jun said during product la...

World’s Largest Piracy Website Torrent Kickass Founder Arrested

21Jul By AnkitaNo Comments

News

World’s Largest Piracy Website Torrent Kickass Founder Arrested

Founder of KickassTorrents, the world's largest piracy website has been arrested by the USA. The 30-year-old Artem Vaulin, from Ukraine, was arrested today in Poland and is charged with criminal copyright infringement and money laundering. In addition, a federal court in Chicago has ordered the seizure of several KAT domain names. With millions of unique visitors per day KickassTorrents (KAT) has become the most-used torrent site on the Internet, beating even The Pirate Bay. Today, however, the site has run into a significant roadblock after U.S. authorities announced the arrest of the site’s alleged owner. In a criminal complaint filed in U.S. District Court in Chicago, the owner is charged with conspiracy to commit criminal copyright infringement, conspiracy to commit mone...

Apple Gears Up For Technology Integration With Cisco

14Jul By RishabhNo Comments

News

Apple Gears Up For Technology Integration With Cisco

Technology giant Apple is working on plans to facilitate integration of Ciscos Spark business collaboration service with iPhones in an effort to offer enterprise customers a better calling experience over Internet. Apple chief Tim Cook has said the company is making iOS devices to work better on Cisco technologies than any other mobile platform. "With iOS 10, we are making it easier to make and receive voice and video calls over IP(Internet Protocol). Now, Cisco Spark will integrate with iPhone for first-class calling experience. Its a seamless integration," Cook said in a video message at the Cisco Live Conference. Last year, Cisco had forged a strategic partnership with Apple, under which it optimised its network for iOS devices and apps, integrating iPhones with its solutions and ...