The case goes back more than a decade, to the time when iPods would play only music purchased from iTunes or ripped from CD, with consumers unable to play music bought from competing stores. The class action alleges that this amounted to anti-competitive behaviour, and that consumers were forced to pay higher prices as a result … Read more
Steve Jobs may have passed away more than three years ago, but he is still having patents awarded today as applications work their way through the system and old patents are renewed with updates. MIT Technology Review notes that of the 458 patents credited to Jobs, almost a third of them have been awarded since his death in October 2011.
Since his death in 2011 from pancreatic cancer, the former Apple CEO has won 141 patents. That’s more than most inventors win during their lifetimes.
His patent documents act as a record of Apple’s history, says the site … Read more
The Rev. Jesse Jackson has written to Apple CEO Tim Cook to urge the company to create “world-class working conditions” for low-paid contractors like security guards, requesting a meeting with Cook to discuss the issue, reports the San Jose Mercury News.
The paper reports a growing debate about the widespread use of contract workers by tech companies for low-paid roles, contract staff having none of the protections or perks afforded to direct employees … Read more
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
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
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
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
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
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 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