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116.47

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Open 117.57
Volume 57,179,296
Day Range 117.57 - 116.03

Apple getting serious about iAd as it offers automated purchasing of mobile ads

iad

When Steve Jobs said something was going to happen, it generally did. One notable exception, though, has been Apple’s mobile advertising platform, iAd. Jobs said back in 2010 that it would grab 50% of the mobile ad market; right now, it’s sitting at just 2.6%. That may be about to change after advertising middleman Rubicon announced that automated purchasing of iAds will soon be supported …  Read more

Apple analysts: Know what’s really cool? A trillion dollar market cap

aapl

Analysts attending the Reuters Global Investment Outlook Summit in New York have suggested that Apple could eventually be valued at a trillion dollars.

Gains in shares of Apple Inc could take the world’s largest publicly traded company to a market capitalization of perhaps as high as $1 trillion, some of the country’s biggest investors said on Monday.

AAPL got two-thirds of the way there a few days ago, reaching $663B, since climbing further to $670B, and billionaire investor Carl Icahn suggested last month that the company should already be valued at a trillion dollars …  Read more

Apple’s highest-ever market cap is now 2/3rds of the way to $1 trillion

Apple Market Cap

As we reported last month, Apple’s stock price has continued to climb repeatedly reaching all-time highs since its 7-1 stock split earlier this year. The company’s stock has been on the rise today as well putting Apple’s market capitalization on track to close at its highest point ever. Previously, Apple’s highest market cap at close was $658.15 billion at the end of September 19th, 2012, and today Apple’s market cap has climbed to nearly two-thirds of a trillion dollars at $663.20 billion during trading. Read more

US-China trade deal set to reduce manufacturing costs for Apple, aims to cut prices for consumers

President Obama and President Xi Jinping in Beijing (photo: Agence France-Presse/Getty Images)

President Obama and President Xi Jinping in Beijing (photo: Agence France-Presse/Getty Images)

A trade agreement reached between the U.S. and China looks set to reduce Apple’s manufacturing costs by removing import tariffs on components imported into the country.

Apple uses components from a number of countries around the world, notably Korea and Japan, which are imported into China for the assembly of iPhones, iPads and Macs. China currently imposes import tariffs on these components. The new deal would allow companies like Apple, Microsoft and HP to bring components into China free from these charges …  Read more

Benefits of Apple Pay over CurrentC to retailers highlighted as Whole Foods transactions hit 1%

whole-foods

Shortly after retail chain Whole Foods announced that it had processed 150,000 Apple Pay transactions in the three weeks since the service was launched – estimated at around 1% of the company’s sales – a business author and senior Hitachi consultant has spoken about the twin attractions of Apple Pay for retailers.

Jim Maholic, author of Business Cases that Mean Business and vice president in Hitachi Consulting, said major retailers had two main reasons to favor Apple Pay over rival mobile payment service CurrentC …  Read more

Possible Apple-Alibaba partnership could lead to greatly accelerated rollout of Apple Pay in China

apple-pay

The potential partnership between Apple and Chinese ecommerce giant Alibaba could facilitate a far more rapid rollout of Apple Pay in the country than if Apple goes it alone, suggests a piece in the WSJ. Tim Cook first revealed that he was in talks with the company at the WSJ Digital conference last month.

One possible scenario is for Alibaba’s financial affiliate, which owns the Alipay electronic-payment business in China, to provide back-end services for Apple’s Apple Pay payment system, allowing iPhone users to pay with Apple Pay using the money from their Alipay accounts, Mr. Tsai said.

Such an arrangement would be significant for two reasons …  Read more

Apple looking to tap academic research expertise as it opens office in Cambridge, England

cambridge

Apple is opening its first office in Cambridge, England, close to the city’s world-famous university, according to a report in Business Weekly.

The Californian-based business is believed to have identified 90 Hills Road for its Cambridge city centre offices and R & D function. With Grade A office space at a premium in Cambridge, the US giant would probably start with around 20 staff but have capacity to gear up to as many as 40 in that space.

The offices overlook the Cambridge University botanical gardens …  Read more

Apple blocks WireLurker malware apps from opening, but needs to do more, argues security researcher

wirelurker

Apple has now blocked the launching of Mac apps infected with WireLurker malware, after earlier revoking security certificates to prevent them being installed on new devices. WireLurker was capable of infecting non-jailbroken iOS devices when connected to a Mac running one of the compromised apps. Over 400 Mac apps in a third-party Chinese app store were affected.

In a written statement, an Apple spokesperson said:

We are aware of malicious software available from a download site aimed at users in China, and we’ve blocked the identified apps to prevent them from launching. As always, we recommend that users download and install software from trusted sources.

However, a security researcher says that it would be easy for other attackers to exploit the exact same weakness …  Read more

Report: Spotify overtakes iTunes in European royalty earnings for musicians as shift to music streaming continues

spotify

The latest evidence of the continued trend away from music downloads toward streaming services was provided by Kobalt, a company that collects music royalties on behalf of thousands of artists, reports TechCrunch. Income from Spotify overtook that from iTunes for the first time in Q1 of this year, putting Spotify 13% ahead of iTunes.

While Kobalt operates only in Europe, there is no reason to believe that the trend would be different in the U.S. …  Read more

Apple Watch project was more difficult than the iPhone, says Jony Ive

moma

Apple chief designer Jony Ive said that designing the Apple Watch was more difficult than the iPhone because it needed to meet so many diverse expectations, reports the WSJ.

“Even though Apple Watch does so many things, there are cultural, historical implications and expectations,” Ive said. “That’s why it’s been such a difficult and humbling program [...] As soon as something is worn, we have expectations of choice,” said Ive. Only “in prison,” he joked, do people all wear the same thing.

He made the remarks while accepting the 2014 Bay Area Treasure Award from San Francisco’s Museum of Modern Art last night …  Read more