Following the release of its Q4 earnings earlier this week, Alphabet saw it stock prices surge to upwards of $800, increasing by 8 percent thanks to its strong earnings report. This jump on Alphabet’s part caused the company’s market capitalization to increase as well, rising to over $540 billion. This increase meant that Alphabet surpassed Apple to become the world’s most valuable company. Two days later, however, Alphabet’s stock has fallen back down, giving the crown of the world’s most valuable company back to Apple.
Last month, it was reported that patent troll VirnetX is seeking $532 million in damages from Apple, claiming that the company has taken its intellectual property without permission. The suit focused on a variety of VirnetX patents relating to technology used in creating Virtual Private Networks, or VPNs. VirnetX said that Apple’s own VPN technology, as well as its iMessage and FaceTime services, infringe on its patents. After another week of hearing, the East Texas Federal District Court has now unanimously ruled that Apple owes VirnetX $625 million in damages.
Apple’s upcoming March event has been uncovered and we’ve got all of the details you need to know. Big thanks to Harry’s for sponsoring the episode. Visit harrys.com/happyhour to get your free shaving kit. The Happy Hour podcast is available for download on iTunes and through our dedicated RSS feed.
With the iPhone 7 Plus expected to utilize a dual-lens system for optical zoom, a new quote has emerged from Sony Corporation’s CFO discussing the future of dual-camera systems. In response to a question during their Q3 2015’s earnings call (via Xperia Blog), Sony Corporation’s Kenichiro Yoshida stated that “the takeoff of smartphone[s] with dual lens camera[s] will be in the year of 2017.” These comments add weight to claims that Apple has been testing iPhone 7 models with two cameras including KGI’s report that iPhone 7 Plus models will feature a dual-camera system.
Apple Watch competitor Pebble has today announced a hefty update to its smartwatch experience. The update, which bumps the company’s Pebble Time smartphone app for iPhone to version 3.6 and the watch firmware to version 3.9, includes a variety of enhancements to Health, Messages, and more.