Internal Panera Bread memo claims Apple Pay will launch on October 20

Apple-Pay-app-partners-01

An internal memo sent to Panera Bread employees and acquired by 9to5Mac has revealed that Apple will launch its mobile payment platform on Monday, October 20th. Panera Bread was listed as one of the initial launch partners for Apple Pay during its introduction last month.

An online training course for employees has been published that includes instructions for the VeriFone readers, including the Apple Pay functions. Stores that don’t have the appropriate hardware to support the technology will receive further information on the 20th about how the company plans to handle payments those locations. Read more

Morgan Stanley adds AAPL to Best Ideas list for investors, citing high iPhone 6/Plus margins

aapl

Morgan Stanley’s Katy Huberty has added AAPL to its Best Ideas list of investments, saying that increased margins from iPhone 6 sales see the stock “set for significant upside.”

While Credit Suisse had earlier suggested that margins on the iPhone 6 would be lower than that of the iPhone 5s and 5c, Huberty says that numerous sources are suggesting that more people this time are opting for the middle storage tier, thus pushing up both average selling price and margins …  Read more

This is how McDonald’s will take Apple Pay at the drive through

McDonalds Apple Pay

Over the weekend we detailed how Apple and retailers are preparing for Apple Pay, the iPhone 6 and Touch ID-secured mobile payment system launching as soon as this week, including the setup process through Passbook. At launch Apple Pay will be supported by a number of retailers, restaurants and more including McDonald’s which plans to even accept Apple Pay from your iPhone 6 at the drive through… Read more

GT Advanced court filings reveal $50M penalty Apple imposes for leaking product information

gtat-2

Not much is known about Apple’s deals with its suppliers, but court filings by former sapphire supplier GT Advanced reveal that the contract included a $50M penalty for any leak of Apple product information, reports the Financial Times.

While the amount of the penalty clause may vary according to the size of the supplier, it seems likely that a substantial leak penalty is a standard condition of supplying product components to Apple – though the number of leaks over the iPhone 6 suggests that such penalties offer limited protection.

Contracts between Apple and its suppliers will undoubtedly be subject to strict non-disclosure agreements, but lawyers for GT Advanced are asking the court to allow details to be made public …  Read more

Apple rolls out iPhone 6/Plus to 36 more countries this month

iphone6

Apple has announced that it will be rolling out the iPhone 6 and 6 Plus to an additional 36 countries this month, bringing the total number of markets to 69. The latest rollout will begin with India and Monaco alongside China on Friday.

Apple today announced that iPhone 6 and iPhone 6 Plus, the biggest advancements in iPhone history, will arrive in 36 additional countries and territories across Europe, Asia, the Middle East, Latin America and Africa by the end of October. iPhone 6 and iPhone 6 Plus will be available in a total of 69 countries and territories by the end of the month and are on track to be available in more than 115 countries by the end of the year, making this the fastest iPhone rollout ever … 

Read more

Leaked A8X chip teases more powerful iPad Air 2 as Touch ID button appears

air

Ahead of next Thursday’s Apple event, new images purportedly showing parts for the new, full-sized iPad have emerged. Photos re-published by blog apple.club.tw show a full logic board for the new iPad Air as well as parts for the new Home button, glass screen cover, and audio control components. At first glance, the new iPad Air logic board does not reveal too much new, but adjusting the colors of the image shows a fairly unexpected addition: an A8X system-on-a-chip:

Read more

Boost Mobile to offer prepaid iPhone 6/6 Plus for $100 off starting Oct 17

iphone6

Sprint prepaid subsidiary Boost Mobile announced today that it will begin carrying the new iPhone 6 and iPhone 6 Plus for customers starting next Friday on October 17th. As it has done in the past with the iPhone 5s and iPhone 5c, Boost Mobile will carry the new iPhone models for $100 off the usual retail price of each device. Below is Boost Mobile’s full pricing lineup for each storage capacity of both the iPhone 6 and iPhone 6 Plus: Read more

NPD: Accessory sales hit record levels in US following iPhone 6/6 Plus launch

Cygnett-iPhone-6-cases

Sales of accessories for mobile phones in the US reached record numbers following Apple’s launch of the iPhone 6 and 6 Plus, according to the latest data published today by NPD. Accessory sales topped $249 million in the two weeks following the launch, which NPD notes is “43 percent higher than the two weeks prior.” The report breaks down numbers by accessory category and highlights that screen protector and case manufacturers experienced the biggest increase: Read more

WSJ: Apple deal with GT Advanced broke down over inability to provide iPhone 6 displays

iPhone6_PF_SpGry_5-Up_iOS8-PRINT

The Wall Street Journal has published new information about the breakdown of a deal between Apple and GT Advanced Technologies Inc. that led the latter to file for bankruptcy earlier this week. As was previously noted, Apple withheld a $139 million payment from the sapphire supplier, though the exact reasoning was unclear.

In a research note released yesterday, KGI confirmed that GTAT was Apple’s first choice for these displays because the company had created a process that provided superior drop test results. Now the Journal reports that the payment was withheld after GT Advanced failed to meet Apple’s requirements for the iPhone 6 display.

Read more

More details on GT Advanced bankruptcy come to light: Apple withheld $139 million, GT CEO unloaded stock

Mesa-Arizona

Apple’s sapphire processing plant in Mesa, AZ

The Wall Street Journal has cast some more light on recent reports that Apple’s sapphire supplier had declared bankruptcy earlier this week. According to the Journal’s report, Apple withheld a payment of $139 million from GT Advanced, though currently there’s no indication of why this decision was made.

In another interesting revelation, the Journal also discovered that the CEO of GT Advanced, Thomas Gutierrez, unloaded all of his stock in the company in a sale just one day before the iPhone 6 was unveiled. The device was widely expected to use sapphire supplied by GT for its displays. GT Advanced had enjoyed a rising stock price that had nearly doubled since initial rumors of a collaboration on the iPhone 6 started swirling.

Read more

With stronger than expected demand for iPhone 6 Plus, Apple reportedly shifting some production away from iPhone 6

 

 

iphone6

Following some statistical analysis from yesterday that indicated the iPhone 6 usage ratio was beginning to favor iPhone 6 Plus, Digitimes now reports that Apple is following through on market shifts with production schedule adjustments.

Digitimes says that with iPhone 6 Plus exceeding expectations, Apple has asked the supply chain to move some production away from its 4.7 inch phone. This will mean that shipments for iPhone 6 will fall by 3-4 million units to accommodate the change in production lines.

Read more