Apple appears to be planning to further expand its data center presence in Northern Nevada according to a newly surfaced building permit. An application that was filed and withdrawn on February 2 points to a $50 million data center codenamed Project Isabel with Apple listed as the client.
Samsung has signed a deal with Apple to make 160 million OLED panels for the company’s next-generation iPhone, according to the Korea Herald. The iPhone 8 will likely debut in the fall with an OLED screen and Apple needs all the panels it can get for its new flagship phone.
The iPhone 8 is expected to distance itself from the iPhone 7 with a radical new all-glass design, an OLED screen between 5.2-5.8 inches, wireless charging. Rumors indicate the phone will have almost no bezels with the Touch ID home button somehow integrated into the screen.
After scanning through the binary codes of applications in the iOS App Store, Will Strafach’s verify.ly service has detected that 76 popular apps in the store are currently vulnerable to data interception. The interception is possible regardless if App Store developers are using App Transport Security or not. A few months ago, similar vulnerabilities were discovered with Experian and myFICO Mobile’s iOS apps.
Apple has announced holiday quarter results including $78.4b in revenue and $17.89 billion in profit from 78.3m iPhones, 13m iPads, and 5.3m Macs sold. In addition to holiday sales, Apple’s first quarter for fiscal year 2017 includes the bulk of iPhone 7 and iPhone 7 Plus sales, Apple Watch Series 1 and Series 2, AirPods, as well as the launch of new MacBook Pro models.
FY17 Q1 results compare to $46.9 billion in revenue, $9 billion in profit, 45.51 million iPhones, 9.28 million iPads, and 4.89 million Macs reported in the previous quarter. Apple’s last record quarter occurred a year prior, Apple reported $75.9b in revenue, $18.4b in profit, 74.8m iPhones sold, 16.1m iPads sold, and 5.3m Macs sold. Analysts predicted a return to growth after three quarters of declining sales which we see in today’s results.
Full press release after the break, and stick around for our earnings call live blog at the top of the hour:
Late on Friday, Apple announced that it would be suing Qualcomm for approximately $1 billion due to a dispute over patent royalties. Qualcomm licenses many wireless patents as well as being a modem supplier for the iPhone. Naturally, Qualcomm is rejecting Apple’s claims of misconduct and will fight the case.
In a statement, it said the claims are baseless and Apple has ‘intentionally mischaracterized our agreements and negotiations’.
CNBC reports that Apple is suing chip supplier Qualcomm for roughly $1 billion over patent royalties:
Apple is suing Qualcomm for roughly $1 billion, saying Qualcomm has been “charging royalties for technologies they have nothing to do with.” […] Apple says that Qualcomm has taken “radical steps,” including “withholding nearly $1 billion in payments from Apple as retaliation for responding truthfully to law enforcement agencies investigating them.”
The latest development follows an FTC complaint alleging Qualcomm engaged in monopolistic practices to prevent Apple from sourcing key components from its competitors.
Last year, some analysts made the unlikely claim that Alphabet or Amazon might beat Apple to be the first trillion-dollar company. Asymco’s Horace Dediu, however, is out today with a new report predicting that Apple will cross the $1 trillion mark this year in terms of revenue generated by iOS, pushing it closer to a $1 trillion market cap.
Apple has just announced that the holiday season set another new record for the App Store with app sales on the 1st January 2017 topping $240 million. Across December, Apple customers made $3 billion worth of purchases from the App Store.
In total, the company announced developers made $20 billion from the App Store across 2016, up 40% compared to the previous year. Top markets includes the US, UK, Japan and China with 90 percent revenue growth compared to 2015 …
December 21, 2016
Super Mario Run launched last week with much anticipation, as Nintendo’s first real entrance into the iOS gaming market. Today, Apple and Nintendo have announced that the game has set a new App Store record with more than 40 million downloads in four days. The game continues to rank #1 for Top Free and Top Grossing in the App Store.
December 19, 2016
If you weren’t in the festive holiday spirit already, Apple is launching its legal challenge this week to oppose a 13 billion euro charge levied on the company in August by the EU Commission for supposed illegal tax benefits from Ireland.
Apple will argue that the EU ignored tax experts and disregarded corporate law. Bruce Sewell, Apple SVP, said that the company was targeted to ‘generate lots of headlines’ in a statement.
December 16, 2016
Apple has been ordered to pay a $2 million penalty after four retail employees from a San Diego Apple Store filed a lawsuit over meal and rest break policy. The complaint dates back to 2011 and became a class action lawsuit in 2013, although the retail policies were changed following the complaint in 2012.
December 6, 2016
[UPDATE: Apple has responded to the news: “The question before the Supreme Court was how to calculate the amount Samsung should pay for their copying. Our case has always been about Samsung’s blatant copying of our ideas, and that was never in dispute. We will continue to protect the years of hard work that has made iPhone the world’s most innovative and beloved product. We remain optimistic that the lower courts will again send a powerful signal that stealing isn’t right.”]
The Supreme Court has ruled in favor of Samsung over Apple in the latest chapter of the years-long dispute over iPhone design patents. The decision isn’t totally surprising given some tell-tale signs ahead of today’s announcement, but it does mean that the case will once again continue in a lower court where a new sum for damages owed will be decided.
December 5, 2016
A new report from IDC estimates that the Apple Watch continues to the best-selling smartwatch with about 40% marketshare but barely scrapes into the 5 top selling wearables list with 1.1 million unit sales, as the market is dominated by cheap fitness bands, a trend seen since the beginning of this year.
Apple’s wearable was outsold by rising fitness tracker sales from Fitbit, Xiaomi and Garmin. Apple was the only vendor to see a drop in sales compared to last year; Apple is predicted to have sold 71% fewer Apple Watches in the third quarter of this year than what it achieved in the same period in 2015.
November 15, 2016
November 7, 2016
Apple announced at the start of this year that its iAd network was going away over the summer, which affected advertising in its story aggregating News app in iOS 9 and later. Today Recode is reporting that Apple has inked an exclusive deal with NBCUniversal that lets them run ad sales for Apple News.
October 22, 2016
[Update: AT&T has officially announced that it will acquire Time Warner for $107.50 per share. The deal will now go through the usual legal process to ensure the companies comply with anticompetitive regulations.]
After a few days of deliberations, the Wall Street Journal is reporting that the deal is done. AT&T has agreed to buy Time Warner for more than $80 billion. This values Time Warner shares at around $105 each, a significant premium over the closing price of $89 on Friday. The deal will entrench the carrier further into the entertainment business; AT&T and Time Warner are expected to announce the acquisition as soon as later today.
October 17, 2016
Apple appears to the be the primary beneficiary of the Samsung Galaxy Note 7 recall blunders, with replacement devices also prone to catching fire which eventually resulted in the company cancelling production of the Note 7 entirely. This means Note 7 customers have no choice but to choose another type of phone. Obviously, Samsung hopes customers will flock to one of its other phones (like the Galaxy S7) but a report from KGI believes that Apple and Android manufacturer Huawei will be the biggest benefactors.
Ming-Chi Kuo estimates that 5-7 million ex-Note 7 orders will convert into iPhone 7 sales, predominantly iPhone 7 Plus thanks to the dual camera. KGI says Note 7 users will have lost faith in the Samsung brand and have a tendency to like iOS and camera features, making the new iPhone an attractive sale.
September 26, 2016