Apple Inc ▪ Yesterday

AAPL: 109.50

Stock Chart

The revamped Apple TV set top box and iPad Pro will both begin showing up in Apple Retail Stores for sale during the first week of November after going on sale via Apple’s website in late October, according to reliable sources. It is also likely that the first online orders of both products will reach customers in early November.

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Speaking at the Vanity Fair New Establishment Summit in San Francisco, Jimmy Iovine said that “Apple has taught me not to give out numbers [but] I wouldn’t be here if it weren’t doing well.”

Iovine said that while a free ad-supported tier could allow the company to rapidly acquire subscribers, a tactic popularised by Spotify, that wasn’t a route Apple wanted to take …  expand full story

Apple Inc ▪ October 7

AAPL: 110.78

Stock Chart

Lobbying group Citizens for Tax Justice has called out Apple, Google and Microsoft and others for what it described as “accounting tricks” in which companies “pretend” to be based overseas for tax purposes. The claims were made in a report entitled Offshore Shell Games 2015.

Many multinational corporations use accounting tricks to pretend for tax purposes that a substantial portion of their profits are generated in offshore tax havens, countries with minimal or no taxes where a company’s presence may be as little as a mailbox. Multinational corporations’ use of tax havens allows them to avoid an estimated $90 billion in federal income taxes each year.

The group said that Apple has paid “a miniscule 2.3 percent tax rate on its offshore profits,” many of which have been entered into Apple’s books in Ireland. CTJ says that if Apple paid U.S. tax rates on those profits, it would owe $59.2 billion.

The controversy over the legitimacy of Apple’s overseas tax arrangements is not, of course, anything new …  expand full story

Former Apple CEO John Sculley has told the WSJ that the Sorkin/Boyle movie Steve Jobs is “extraordinary entertainment” but depicts only one side of Jobs’ personality.

It’s extraordinary entertainment, [but] was really taking one aspect of Steve Jobs’s personality.

Part of his personality was he was a passionate perfectionist, but there were so many other parts […] The young Steve Jobs that I knew had a great sense of humor. He was on many occasions, when we were together, very warm. He cared a lot about the people he worked with and he was a good person. So, I think those aren’t the aspects that are focused on in this movie … 

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Apple Inc ▪ October 5

AAPL: 110.78

Stock Chart

If you haven’t yet found your perfect Apple Watch strap among the company’s own offerings or the numerous third-party options, Apple has today officially launched its partnership with French leather fashion company Hermès.

Uncompromising craftsmanship. Pioneering innovation. Groundbreaking functionality. Apple Watch Hermès is the culmination of a partnership based on parallel thinking, singular vision and mutual regard. It is a unique timepiece designed with both utility and beauty in mind. With leather straps handmade by Hermès artisans in France and an Hermès watch face reinterpreted by Apple designers in California, Apple Watch Hermès is a product of elegant, artful simplicity — the ultimate tool for modern life.

Splashing out between $1100 and $1500 gets you a special version of the stainless steel Watch, with Hermès branding on the back, a number of special watch faces and a choice of three leather straps. Color options depend on the strap, some with suitably exotic-sounding names …  expand full story

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