AAPL Company Stories June 21

AAPL: 95.91

0.81
Stock Chart

The U.S. Supreme Court yesterday ruled that a 2011 law designed to make it easier to defeat new patent trolls were legal. The law had been challenged by a company attempting to patent something which had long been done by other companies.

The case before the Supreme Court focused on a patent held by Cuozzo Speed Technologies LLC that claims an invention for alerting drivers when they are speeding. GPS technology company Garmin brought a challenge at the Patent Office, which invalidated the Cuozzo patent after concluding its claims weren’t innovative when viewed against other prior technologies.

The ruling will be of particular benefit to Apple …

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AAPL Company Stories June 20

AAPL: 95.10

-0.23
Stock Chart

Apple may not be playing ball with the Republican Party’s upcoming convention, but CEO Tim Cook is reportedly set to hold a fundraiser for Republican House Speaker Paul Ryan next week. Politico reports that Apple wants to “strengthen its relationships with key Republicans” like Ryan despite its apparent opposition to Donald Trump, the GOP presidential nominee.

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Credit Suisse has predicted that a change to an index designed to help fund managers hold the right balance of stock to meet their goals is likely to see a net sell-off of AAPL shares to the tune of $1.3B. This scale of sales is expected to be large enough to cause a fall in the share price, reports Reuters.

The index concerned is known as the Russell Index, which classifies stocks as some mix of ‘growth’ and ‘value’ depending on their performance. Growth stocks are expected to generate higher returns at greater risk, while value stocks are those likely to generate lower returns at less risk. Apple is being reclassified as 92% growth and 8% value …

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Opening Apple Stores in India has been something of a challenge for the company. The law normally requires companies to manufacture at least 30% of their products within India before they can open a single-brand store under a Foreign Direct Investment (FDI) rule, but TNW is reporting that a decision to liberalize the FDI deal will finally provide the go-ahead for Apple Stores.

Apple will likely be allowed to avoid sourcing products locally for eight years – three years as per the new norms and an additional five years if it can prove it deals in ‘state-of-the-art’ and ‘cutting-edge’ technology that’s unavailable in the country.

If confirmed, the ruling will be an important one for Apple, which Tim Cook has described as the next China. An eight-year deal does, however, seem unlikely …

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The same developer who found the original iOS 10 Dark Mode references in the Messages app, Andy Wiik, has found even more evidence that Apple was/is developing a black appearance for its iPhone and iPad operating system. The latest screenshots show the iOS 10 Simulator presenting the Settings app in a dark interface style, with black cell backgrounds and white text.

The screenshots are captured from the iOS 10 Simulator where it is easier to inject code and discover unfinished flags and behaviour, like this Dark Mode interface style …

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