AAPL Company May 24
Apple famously sits on a huge stockpile of cash – $215B at the latest count – but a new report from corporate credit rating agency Moody’s puts the number into perspective. It shows that if you exclude banking & finance, a sector that sits on a lot of cash by definition, just three companies hold 23% of all the corporate cash in the USA: Apple, Microsoft and Google.
GeekWire notes that this is the first time that all five of the top spots have been held by tech companies, with Apple holding twice as much as Microsoft and three times as much as Google …
[UPDATE: Video embedded below.]
Tim Cook featured at StartupFest this morning, in an interview with Neelie Kroes discussing Apple’s influence in startups and entrepreneurship culture. Cook covered many topics including the role of entrepreneurs and the App Store, the startup climate in Europe, economic optimism, technology in education, Apple Watch and more. We’ve included some snippets of the talk below …
In the interview, Tim Cook says Apple gives entrepreneurs the ability to sell their app instantly worldwide through the App Store. Apple provides technical and marketing assistance to clear the path so the developer can focus on their product. Most young companies should be principally focused on the product; Apple tries to help ease the frictions to fuel more entrepreneurs to do exactly that. Apple is bringing an app development center in Naples to kickstart the app economy in places it hasn’t yet been.
AAPL Company May 23
Via Weibo, the above image is claimed to be a real photo of an actual iPhone 7 back, not a mockup or case. Most interestingly in this picture is the new rear camera — it appears to be bevelled and protrude outwards. The camera is also aligned differently compared to current iPhones; it is positioned closer to the top-left corner. The camera hole also appears to be slightly larger than the current 12 megapixel shooter in the iPhone 6s. Unfortunately, people hoping for the camera bump to go away will be disappointed with this leak, as it suggests the bump will continue to be a part of iPhone design for at least another year.
On the positive side, the new design of the camera does suggest that substantial improvements to photo and video quality are on the cards. Whether the image truly shows an actual iPhone 7 back (not merely a dummy case) is hard to assert due to the low-resolution but the design mirrors previously-leaked schematics. The same source correctly leaked the iPhone 6 design too, adding to its legitimacy. More photos below …