May 10

AAPL: 153.26

-0.73
Stock Chart

Earlier this week, it was reported that Apple was planning an expansion of its Reno data center, with the company awaiting city approval. Today, the Reno City Council officially approved Apple’s proposal for a $1 billion expansion…

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Back in February, Snapchat parent company Snap Inc filed for a $3 billion initial public offering and today, the company has reported its earnings for the first quarter of 2017. The numbers, as you can tell from the company’s stock plunge, were considerably less than initial Wall Street estimates…

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The best 4K & 5K displays for Mac

May 8

AAPL: 153.01

4.05
Stock Chart

Apple’s market cap has reached a new record high of over $800 billion, with shares of AAPL hitting a high of 153.70 during trading today.

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9to5toys 

May 3

AAPL: 147.06

-0.45
Stock Chart

During his interview on CNBC’s Mad Money this evening, Apple CEO Tim Cook announced a new $1 billion fund to invest in United States manufacturing jobs. Cook announced the advanced manufacturing fund during the show, but teased that we will hear more about it later this month…

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May 2

AAPL: 147.51

0.93
Stock Chart

Apple has announced its latest quarter results including $52.9b in revenue with $11.03b profit from 50.7m iPhones, 8.92m iPads, and 4.19m Macs sold. In terms of new products, the quarter includes launch day sales for the cheaper $329 iPad and Product RED iPhone 7 and iPhone 7 Plus.

FY17 Q2 results compare to the previous quarter’s $78.4 billion in revenue, $17.89 billion in profit, 78.3 million iPhones, 13 million iPads, and 5.3 million Macs. In the same quarter a year ago, Apple reported $50.6 billion in revenue, $10.5 billion in profit, 51.1 millions iPhones sold, 10.2 million iPads sold, and 4 million Macs sold.

Full press release after the break, and stick around for our earnings call live blog at the top of the hour:

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May 1

AAPL: 146.58

2.93
Stock Chart

Update: Apple confirmed that its cash reserves now sit at $256.8B.

Apple’s cash reserves now exceed more than $250B, reports the WSJ. The company will report the actual number in tomorrow’s earnings report.

Apple Inc. is expected to report Tuesday that its stockpile of cash has topped a quarter of a trillion dollars, an unrivaled corporate hoard that is greater than the market value of both Wal-Mart Stores Inc. and Procter & Gamble Co. and exceeds the combined foreign-currency reserves held by the U.K. and Canada combined.

While there’s as yet no official confirmation of the number, it seems a pretty safe bet …

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9to5google 

April 27

AAPL: 143.79

0.11
Stock Chart

SiriusXM has acquired smart car accessory maker Automatic for over $100 million, TechCrunch reports. Automatic makes a Bluetooth device that lets you track and read driving data from your iPhone.

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April 26

AAPL: 143.68

-0.85
Stock Chart

Instagram has become quite competitive lately with new features that take on Snapchat directly, and now the social network has shared that it has 700 million users which is a new milestone. Instagram made the announcement in a blog post this morning:

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Apple has announced that it now has two million Final Cut Pro X users – or ‘seats,’ in the terminology used when speaking to an audience at the National Association of Broadcasters’ annual conference.

Apple said that it hit the milestone some five and a half years after launching version 10 of the professional video editing app. Notably, it said that the pace of adoption was increasing. While the company didn’t provide specific dates, it said that it had taken much less time to grow from 1M to 2M users than it had taken to hit that first million.

The milestone is significant given initial reactions to the app …

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electrek 

April 19

AAPL: 140.68

-0.52
Stock Chart

Qualcomm has released its quarterly earnings results and acknowledged the ongoing legal dispute with Apple in detail. Specifically, Qualcomm says Apple’s suppliers have “withheld ~$1 billion from their payments” over royalties for sales activity in the December quarter alone. Qualcomm has also provided a wide range of guidance for its next fiscal quarter because of the ongoing legal battle…

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April 11

AAPL: 141.63

-1.54
Stock Chart

Apple’s recently launched Clips video editing app managed to grab around a million downloads in its first four days on the App Store, that according to a report from TechCrunch using data complied by App Annie and Sensor Tower, two analytics companies that track app rankings.

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April 10

AAPL: 143.17

-0.17
Stock Chart

Apple manufacturer Foxconn is said to have made a large bid for Toshiba’s NAND storage unit. According to a new report from The Wall Street Journal, Foxconn this week offered up $27 billion for the business, a bid considerably higher than had previously been offered by companies such as Broadcom.

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April 6

AAPL: 143.66

-0.36
Stock Chart

Apple is preparing its supply chain for the onslaught of next-generation iPhone sales in the fall, expected to be a bumper year with much anticipation for the radical ‘iPhone 8’ redesign. According to ETNews, via Digitimes, Apple has agreed a two year contract with Samsung Display to supply curved iPhone OLED panels.

Samsung is apparently upping capacity to as much as 92 million units in 2017, as demand from Apple rises. Apple uses OLED in Apple Watch and the MacBook Pro Touch Bar already, but the iPhone 8 represents the first time the company will use the display technology in the iPhone, it’s biggest product.

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9to5toys 

March 22

AAPL: 141.42

1.58
Stock Chart

Instagram has steadily been introducing new features to its photo and video sharing service, and that appears to be paying off. TechCrunch reports that Instagram has shared it now has 1 million monthly active advertisers, up from half that in September and just 200,000 a year ago.

Instagram’s user base includes 400 million daily active users with 80 percent of all users following a business, the report adds, and Instagram plans to leverage that with new features.

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March 17

AAPL: 139.99

-0.70
Stock Chart
Shanghai, where one of the new centers will be based
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Apple has revealed that it will be investing more than $500M in research & development in China, as it today announced plans for two more R&D centers in the country.

The new offices will be in Shanghai and Suzhou, and follow those already announced for Beijing and Shenzhen. All four centers are expected to open later this year.

Apple says that there is a compelling reason for the investment …

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March 2

AAPL: 138.96

-0.83
Stock Chart

The streaming music subscription battles continue to be fierce as Spotify announces today that it has crossed 50 million paid subscribers for its service. This is up from 40 million in September, an increase in user-base of 25% over about five months.

Apple last announced that the $9.99 Apple Music subscription had more than 20 million paying paid subscribers in December 2016, and is yet to release an up-to-date number …

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9to5google 

March 1

AAPL: 139.79

2.80
Stock Chart

The U.S. Court of Appeals for the Federal Circuit made a decision today to throw out the verdict of a two-year old legal case against Apple based on data storage patents. The original verdict reached by a Texas jury stuck Apple with $533 million in damages.

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February 21

AAPL: 136.70

0.98
Stock Chart

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.

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February 13

AAPL: 133.29

1.17
Stock Chart

Apple Music is now “well past 20 million” subscribers, according to Eddy Cue. Speaking at the Recode Media Conference this evening, Cue explained that Apple Music is still growing, but that Apple is not satisfied with where numbers are now and will continue pushing.

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electrek 

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.

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