AAPL Overview Updated October 11, 2016


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Head below for the latest AAPL news stories.

474 AAPL stories

August 2010 - October 2016

AAPL Stories October 11

AAPL: 116.30

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The BBC has an interesting take on the Apple versus Samsung patent case that is finally heading to the Supreme Court today, arguing that a definitive ruling is needed in order to bring a 19th Century law into the 21st Century.  It also explains why the legal battle probably won’t end with the Supreme Court’s ruling.

A one-paragraph recap for anyone who hasn’t been following the case closely. Samsung infringed several of Apple’s design patents – that is, patents concerned with how things look (in either hardware or software) rather than what they do. Samsung is no longer denying that. The lower courts ruled that Samsung must pay all of the profits made by infringing these patents. That’s the bit Samsung is fighting, arguing that it should pay a much smaller sum.

And it is this element of patent law which the BBC’s Dave Lee suggests needs to advance a century or two …

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Samsung has officially ceased worldwide production of its Galaxy Note 7 after multiple reports of replacement models, like the original ones, catching fire.

I argued yesterday that the company ‘might as well write-off this year’s flagship phone as a lost cause,’ and there are today multiple reports (The Verge, Bloomberg and the BBC) that it has now done so.

South Korean tech giant Samsung has permanently ceased production of its high-end Galaxy Note 7 smartphones after reports of devices it had deemed safe catching fire.

“We recently readjusted the production volume for thorough investigation and quality control, but putting consumer safety as top priority, we have reached a final decision to halt production of Galaxy Note 7s,” the company said. “For the benefit of consumers’ safety, we stopped sales and exchanges of the Galaxy Note 7 and have consequently decided to stop production.”

The announcement was made in response to growing pressure …

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AAPL Stories October 10

AAPL: 116.05

Stock Chart

You might have thought things couldn’t get any worse for Samsung after a series of fires and explosions forced it to recall its flagship Galaxy Note 7. It had already been forced to recall almost 2.5 million devices at an estimated cost of a billion dollars, with all U.S. major carriers offering customers the option to return replacement devices also.

But things have now gotten worse. Much worse. The Verge has found that no fewer than five replacement devices have caught fire in the U.S. alone.

When it was just one case, I cautioned against jumping to conclusions, but with five separate fires in such a short time, we’re well beyond the point of being able to ascribe this to the simple statistics of lithium battery failures. All four major U.S. carriers have now pulled the Note 7 altogether, and Samsung has ‘temporarily’ halted production of replacement Note 7s …

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AAPL Stories October 8

AAPL: 114.06

Stock Chart

A few months back, we reported on a hardware flaw plaguing a growing number of iPhone 6 and iPhone 6 Plus users, which garnered the name of “Touch Disease.” Shortly after the flaw was initially reported on, a trio of iPhone users filed a class action lawsuit against Apple, claiming that Apple refuses to repair devices affected by Touch Disease for free. Over a month later, Apple has yet to publicly acknowledge the issue.

Now, Motherboard reports that the push to get Apple to respond to the issue is growing thanks to more backing behind the original class action lawsuit in California and a separate, new lawsuit in Utah…

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