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Apple News and Brief History

Before you can properly understand Apple News, it’s important to know its history. Apple was founded by Steve Jobs and Steve Wozniak in 1976. In 1977, Apple’s sales were growing with the success of its early computers. Within a few years, Jobs and Wozniak hired designers and a production line crew. Apple went public in 1980 and was an instant success. Over the next few years, Apple shipped new computers featuring new graphical user interfaces, such as the original Macintosh in 1984. As the market for personal computers expanded through the 1990s, Apple lost market share to the cheaper Microsoft Windows on PC clones. Eventually, Wozniak and Jobs both left Apple. Jobs would go on to found NeXT and would return to Apple when NeXT was acquired in the late 90s. Apple then began a journey to the great second act in the history of the business world.

Since the release of the iPod in 2001, Apple has become a major player once again in the technology industry. After releasing the iPhone in 2007, the iPad in 2010, and the Apple Watch in 2015, Apple is now one of the largest companies in the world. Apple’s worldwide annual revenue totaled $274.5 billion for its 2020 fiscal year.

Today, Apple operates retail stores all across the world, has a growing services division, and an ever-expanding hardware lineup. The technology industry follows Apple news to see where the company is headed in the future.

Keep reading for the latest Apple news

3-in-1 Lightning Camera Connection Kit enables photo importing via USB, SD and microSD

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The folks at iPhone 5 Mod now offer a 3-in-1 Lightning Camera Connection Kit just for the photo geeks in the crowd, allowing you to upload pictures and video to a Lightning-enabled iPhone or iPad. Available for $23.90, the connector packs a USB cable that connects directly into a camera via USB, an SD card, or micro-SD card. While Apple offers a camera connection kit —not supporting Lightning— that connects with a camera via USB or an SD card (better value 30-pin versions on Amazon), this seems like the better offering because it supports three formats and Lightning for a cheaper price. iPhone 5 Mod also offers the 3-in-1 Cable Pro, supporting users to charge their devices with Apple’s Lightning, 30-pic technology, or standard microUSB, for $13.90. We received a number of Lightning items from iPhone5mod.com that worked well.

Source: iPhone 5 Mod (1), (2)


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Xbox SmartGlass gets iPhone 5 support, Twitterrific 5, DISH Remote Access, Plex, deals, more

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Xbox SmartGlass version 2.1: Microsoft’s app for controlling your Xbox with your iPhone or iPad officially gains iPhone 5 support:

• iPhone 5 Support
• Bug Fixes

Twitterrific 5 for Twitter: Iconfactory’s Twitterrific 5 for Twitter is now rolling out to App Stores around the world. Stay tuned to 9to5Mac for a full review of the completely redesigned app shortly.

DISH Remote Access for iPhone version 3.0.2: DISH network users get access to a redesigned UI that now provides access to the guide, DVR, and search while streaming content in the background. The update also includes customizable “favorite channels” in the guide, support for the iPhone 5 display, and improved performance:

-Improved the performance, stability, and reliability of the application
-Completely redesigned user interface
-You can now use your Guide/ DVR/ Search while streaming in the background
-Added ability to set and use favorite channels in guide
-Updated in app remote/ keypad functionality
-Took full advantage of the iPhone4s/5 high retina display to show high resolution images
-Added support for the larger iPhone5 screen

Plex version 3.0.1: A ton of changes and fixes following feedback to version 3.0 of the Plex iPhone and iPad app:
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Former Apple execs Pascal Cagni, Tony Fadell, and others talk Apple at LeWeb (Video)

[youtube=http://www.youtube.com/watch?feature=player_embedded&v=sMmme6wvJCw#!]

The LeWeb conference is running Dec. 4 through Dec. 6 in Paris, and father of the iPod and Nest creator Tony Fadell sat down yesterday to talk about Nest, product design, and the company’s future plans to bring Nest to 500 retail shops starting with Canada. Of course, as usual, Fadell’s former employer Apple was a topic of conversation. Fadell talked a little bit about what he learned from Steve Jobs in terms of product design, and he talked about his time at Philips compared to Apple and Nest.

Another interesting guest that made an appearance is Apple’s former Vice President and General Manager for Europe, Middle East, and Africa Pascal Cagni. He resigned in May. Pascal talked about his time at Apple and his former role at the company. He also talked about his working relationship with Jobs, his continued admiration for the company, and secrecy at Apple. The full video is below:

[youtube=http://www.youtube.com/watch?feature=player_embedded&v=dzSrB-b5yNs]

Philips releases four beautiful new Lightning speaker docks

Philips today announced four new Lightning-based speaker docks for Apple’s latest iPhone 5, iPad Mini, new iPods, and fourth-generation iPads. We had a chance to look at and listen to these at a special briefing yesterday, and we can confirm they sound every bit as good as they look:

  • Philips Lifestyle Music System (DCM2067) – an elegant and slim design that looks good in any modern interior. As well as charging and playing music from Lightning enabled devices through its retractable Lightning dock; the system also includes a CD player and FM radio. Even with its slender footprint, the system delivers 20W RMS power to provide a great sound performance.
  • Philips Portable Docking Speaker (DS7580) – slim and compact enough to fit in your bag, it features Philips’ wOOx technology that provides a rich and deep bass. Precise tuning between the speaker drivers ensures a smooth transition between low- to mid- and high-frequencies. With a built-in battery that lasts for approximately eight hours you can enjoy your music anywhere.
  • Philips Bedroom Docking Speaker (DS1155) – has a 360-degree design, providing rich omnidirectional sound to fill your bedroom. The clock display of the docking speaker automatically synchronizes with the clock of your Apple device, and the speaker also includes a USB port at the back of the speaker allowing users to easily charge a second mobile device.

It also looks like they slipped another upcoming Lightning dock into their Flickr account, but that one might be for our EU readers only for now.

The press release follows:
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iTunes 11 will soon get the duplicate song detection that its predecessors had but Cover Flow unlikely

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As part of his favorable review of iTunes 11, Walt Mossberg noted that Apple commented on two particular features it took out.

Fans of iTunes will notice some omissions and flaws. The long-touted Cover Flow carousel of album covers has been dumped. The company says it found too few users considered it useful. A feature that finds duplicate entries is missing. Apple says it will soon be restored in a minor update of the program.

It is true that Cover Flow wasn’t the best way to find a song, but it was pretty neat.
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Apple updates iWork suite, Pages, Numbers, Keynote, for iOS and Mac

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Apple updated its entire iWork suite this afternoon. Pages, Numbers, and Keynote for iOS were all updated to version 1.7 with improved compatibility with Microsoft Office and iWork. Each iOS app also got bug fixes and minor updates, as seen below. Additionally, available via software update and directly from Apple’s website, iWork for Mac has been updated to version 9.3. It mainly features support for the new iWork for iOS apps. The full release notes are below:
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Apple removes two per customer limit on iPhone 5 as stock improves, goes on sale in China

Apple updated its online store this afternoon to display the iPhone 5 as no longer limited to two per customer. The unlocked version of the iPhone 5 was first released last week, with the limit stated on the purchase page, and, as MacRumors pointed out, dropping the limit most likely means that Apple is continuing to catch up with stock of the handset as the holiday season kicks into full swing. As we reported yesterday morning, Apple updated its online store worldwide to show the iPhone is now available to ship within “2-4 days”— an improvement from the “1 week” notice that hit at the exact same time last Monday.

As for in-store availability, a prime place for holiday shoppers, analyst Gene Munster noted Nov. 21 that in-store stock for the iPhone 5 has improved. At the time, the iPhone 5 was available in 92 percent of Apple Stores for Sprint, 82 percent for AT&T, and 72 percent for Verizon. As of now, the iPhone 5 is readily available for those looking to buy it this holiday.

Besides stock purposes, Apple also limits the amount of some products customers can buy due to scalpers taking devices back to China to resell. The iPhone 5 is set to go on sale in China later this month, so that could be another reason the company removed the limit off. As for the iPad mini released in October, it is still limited to two per customer.

Source: Apple
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News Corp. kills ‘The Daily’ iPad app, staff and assets folded into New York Post Dec. 15

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News Corp’s AllThingsD reports that News Corp will discontinue its Daily iPad app publication.

News Corp CEO Rupert Murdoch said of the closure:

“From its launch, The Daily was a bold experiment in digital publishing and an amazing vehicle for innovation. Unfortunately, our experience was that we could not find a large enough audience quickly enough to convince us the business model was sustainable in the long-term. Therefore we will take the very best of what we have learned at The Daily and apply it to all our properties. Under the editorial leadership of Editor-in-Chief Col Allan and the business and digital leadership of Jesse, I know The New York Post will continue to grow and become stronger on the web, on mobile, and not least, the paper itself. I want to thank all of the journalists, digital and business professionals for the hard work they put into The Daily.”

Apple’s Eddie Cue shared the stage with News Corp representatives, including Murdoch (Steve Jobs was originally scheduled to attend), when the Daily launched as the iPad’s first dedicated news publication. Rumors of the closure began in July.

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Eddie Cue (left) on stage at the Daily launch with Rupert Murdoch, (center) and Daily CEO

The app was hampered by poor technology that made navigation much slower than lighter magazine apps. It also was hampered by the lack of compelling content that couldn’t be found elsewhere on the web for free.
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Apple announces iPhone 5 coming to South Korea & 50 more countries in December

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Apple just issued a press release to confirm the iPhone 5 would land in South Korea and 50 additional countries in December. Apple noted that it has currently launched the iPhone 5 in 47 countries. Moreover, with the December launches announced today, it is on track to meet its goal of 100 countries by the end of the year.

South Korea will officially get the device Dec. 7, while other countries will get access Dec. 14, followed by another launch Dec. 21. Here’s the full list:

iPhone 5 will be available in South Korea on Friday, December 7 and on Friday, December 14 in Albania, Antigua and Barbuda, Armenia, Bahamas, Bahrain, Bolivia, Brazil, Chile, China, Costa Rica, Cyprus, Ecuador, Grenada, Indonesia, Israel, Jamaica, Jordan, Kuwait, Macedonia, Malaysia, Moldova, Montenegro, Panama, Paraguay, Philippines, Qatar, Russia, Saudi Arabia, South Africa, Taiwan, Turkey, United Arab Emirates and Venezuela. iPhone 5 will also be available on Friday, December 21 in Barbados, Botswana, Cameroon, Central African Republic, Egypt, Guinea, Ivory Coast, Kenya, Madagascar, Mali, Mauritius, Morocco, Niger, Senegal, St. Kitts, St. Lucia, St.Vincent & the Grenadines, Tunisia, Uganda and Vietnam.

Apple’s full press release is below:
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iPhone 5 ship times begin to hit just 2-4 days

Since its Sept. 21 launch, the iPhone 5’s shipping time has steadily improved as the holiday season nears. This morning, Apple updated its Australia/New Zealand and some Asian online stores to show the iPhone is now available to ship within “2-4 days”— an improvement from the “1 week” notice that hit at the exact same time last Monday. Just like last week, we expect the ship time changes to roll globally within the next day or so.

As for in-store availability, analyst Gene Munster noted Nov. 21 that in-store stock for the iPhone 5 has improved. At the time, the iPhone 5 was available in 92 percent of Apple Stores for Sprint, 82 percent for AT&T, and 72 percent for Verizon.
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Apple holding iTunes event in Moscow, Russia tomorrow evening

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Update: Apple has now confirmed that the iPhone 5 will launch in Russia on December 14. iPhones.ru posted images of the Russian iTunes gift cards pictured right.

Hot off the heels of the iTunes 11 launch last week, Russia looks to be gaining the service very soon. According to a forwarded invite obtained by TechCrunch, Apple is holding a small iTunes event at the local GUM shopping center in Moscow’s Red Square tomorrow evening. Rumors of the launch have been ongoing for a few months, as App Store users in the country were beginning to see music searches appear at very low prices.

According to a November report by Russian language publication vedomosti.ru, citing industry sources, Apple will sell songs cheaper in Russia for 11- to 20 rubles each, which translates to roughly 35- to 65 cents USD. Additionally, another report from Vedomosti claimed iTunes senior executive Eddy Cue and iTunes Europe Director Ben King went to Russia for the launch originally scheduled for Nov. 20. However, in November, the newspaper also cited sources close to Apple as saying the launch is now scheduled for the first week of December—possibly to coincide with the launch of iPhone 5 in the country. Today’s event invite seems to confirm at least the iTunes bit. We are working to gain more information. [TechCrunch]


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Is there some secret iMac assembly plant in the US?

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iFixit

From iFixit’s ritual iMac dismemberment yesterday, we learn that the particular 21.5-inch iMac they bought says it was “Assembled in USA”. The moniker isn’t new—we’ve seen it since at least a few iMac models back on the packaging. But as far as we can tell, “Assembled in USA” wasn’t etched in the actual machine’s aluminum, leading people to believe that the iMacs that were shipped were “refurbished in the USA”. However, this forum shows that some were actually assembled and sold new with the “Assembled in USA” label (below—27-inch iMac, previous gen).

Regardless of previous endeavors, Apple is shipping new iMacs “Assembled in USA”.  PED at Fortune found one. Jay Yarrow at BI found one, too. This isn’t an isolated incident. We also heard that other new iMacs say “Assembled in China”, as you’d expect.

Still, it makes for an interesting question:  Is Apple building some of its iMacs in the United States? Is that percentage growing since it seems much of the first line of iMacs are coming with USA labels?

The “Assembled in USA” label doesn’t just mean that foreign parts screwed together in the U.S. either. The U.S. Federal Trade Commission assumes that a “substantial transformation” must happen in the U.S. for the label to be used.

Specifically, the FTC states that the label “Assembled in the USA” should be the following:

A product that includes foreign components may be called “Assembled in USA” without qualification when its principal assembly takes place in the U.S. and the assembly is substantial. For the “assembly” claim to be valid, the product’s last “substantial transformation” also should have occurred in the U.S. That’s why a “screwdriver” assembly in the U.S. of foreign components into a final product at the end of the manufacturing process doesn’t usually qualify for the “Assembled in USA” claim.

Example: A lawn mower, composed of all domestic parts except for the cable sheathing, flywheel, wheel rims and air filter (15 to 20 percent foreign content) is assembled in the U.S. An “Assembled in USA” claim is appropriate.

Here’s where it gets more interesting. The FTC gives the specific example of a computer manufacture:

Example: All the major components of a computer, including the motherboard and hard drive, are imported. The computer’s components then are put together in a simple “screwdriver” operation in the U.S., are not substantially transformed under the Customs Standard, and must be marked with a foreign country of origin. An “Assembled in U.S.” claim without further qualification is deceptive.

That means one of two things: Either Apple or its contractors have some sort of significant manufacturing operations in the U.S., or it is being deceptive in its marketing (something that sadly, isn’t out of character)…
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Apple’s 21.5-inch iMacs shipping time now up to 7-10 business days from 1-3

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Apple’s entry level configuration of the new 21.5-inch iMac is now shipping in 7-10 business days from Apple’s online store. That shipping time is up from the 1-3 business days that the product was quoted as shipping in yesterday. The 27-inch iMacs were initially said to ship in 2-3 weeks, but they have since been pushed back to 3-4 weeks for new orders.

Notably, 3rd party vendors like Amazon are still guaranteeing delivery by December 4th while MacMall says 5-7 days. Check for lowest prices/ship times on our iMacs product page.

Update: Both 21.5-inch iMacs are now up to 7-10 days for shipping.

Thanks @TLDToday! 


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iFixit iMac teardown reveals dual mics, difficult RAM upgrades and glued LCD

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While we had some pictures of a brief teardown earlier this week, iFixit has now completed its ritual teardown of the new 21.5-inch iMac that officially went on sale on Friday.

Unfortunately, iFixit described the process as an “exercise in disappointment,” noting the iMac’s new thinner design introduces new hurdles for repairability. Most notably, the device’s glass and LCD are now glued directly to the iMac’s frame, while accessing the RAM, CPU, and hard drive will now mean having to remove the entire logic board:

The late 2012 iMac 21.5″ — code-named EMC 2544 — is an exercise in disappointment for us. We were quite worried when we saw that super-thin bezel during Apple’s keynote, and unfortunately we were correct: the glass and LCD are now glued to the iMac’s frame with incredibly strong adhesive. Gone are the lovely magnets that held the glass in place in iMacs of yesteryear.

A few things noted in iFixit’s highlights: a new rubber housing that “dampens the vibrations from the spinning hard drive,” a new single fan layout, dual microphones, and a 5mm thinner LG made display. Those are some of the highlights of Apple’s new design, but iFixit is scoring the new iMac as a 3 out of 10 (down from 7 last year) due to the many issues with repairability. Here are just a few:


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Video/Gallery: Apple CEO Tim Cook seen giving interview/tour at Apple Store Grand Central with NBC anchor Brian Williams, airing Dec. 6

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Apple CEO Tim Cook was spotted at the company’s massive Grand Central store this afternoon, giving an interview with NBC anchor Brian Williams. The U.S. network is doing a piece on Apple and shopping at its stores during the holidays. Additionally, Cook was seen checking out the store and showing off the iPhone 5 and iPad mini. Apple’s Grand Central store opened to the public in December 2011, and it is considered a flagship for the company.

The program is set to air Dec. 6—per the tweet, press release, and video embedded below.

[tweet https://twitter.com/RockCenterNBC/status/274662314110763009]

Via: TVNewser
Source: Instagram, Twitter


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Starbucks and Apple offering $30 gift card combo to benefit AIDS research foundation

Starbucks introduced a new Starbucks iTunes (RED) eGift basket this holiday season, with help of Apple, to give back to the world. The gift basket is complete with a $15 Starbucks gift card and $15 iTunes gift card. For every combo sold, Starbucks and Apple will donate 5 percent of each purchase (75 cents) to the Global Fund AIDS research foundation. The gift basket can be purchased on Starbuck’s website, where you can also choose to gift it directly to someone. This isn’t the first time Apple partnered with (RED), as it has launched several special edition iPods to compliment the foundation over the years. The same goes for Starbucks, which revealed today it gave $11 million to the Global Fund since December 2008. Pretty nice gift, if you ask me. Who doesn’t like music, coffee, and helping a good cause?

Via: The Loop

Source: Starbucks
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Apple releases update 5.1.1 (10A831) for second and third gen Apple TVs

After releasing update 5.1 for second- and third-gem Apple TVs back in September, Apple rolled out 5.1.1 today to Apple TV owners following the public launch of iTunes 11.The 5.1 update includes Shared Photo Streams, AirPlay, iTunes account switching, and more, so we aren’t expecting to discover much in today’s update.

From Apple:

Apple TV Software Update 5.1.1

iTunes Up Next Adds support for Up Next with iTunes 11 or iTunes Match. See upcoming songs when playing music on your Apple TV. Add new songs and edit what’s queued with your Remote or with the Remote app.
Stability and performance Includes performance and stability improvements with the iTunes Store, AirPlay, Netflix, iTunes Match, and wired Ethernet connections.
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Analyst: T-Mobile USA might announce arrival of iPhone next week

With T-Mobile Chief Operating Officer Jim Alling hinting that the iPhone was too expensive at a recent conference in Barcelona, it seemed like the carrier planned  to continue with its bring-your-own iPhone strategy for its ever-expanding iPhone-compatible 4G network. However, a note from Merrill Lynch analyst Scott Craig today claimed the carrier could announce a deal to carry the iPhone as early as next week. Fortune has the story:

Now Merrill Lynch’s Scott Craig is out with a note reporting that “speculation is heightening” that Deutsche Telecom (DT) will announce a deal to bring the iPhone to its U.S. subsidiary at next week’s analysts day (12/6-7).

Merrill Lynch’s Craig points out that cutting a deal with the fourth largest U.S. carrier would give Apple access to 98% of the U.S. post-paid market and 75% of the country’s total mobile subscribers.

“While this would be incrementally positive,” he writes, “any financial impact would be limited.” He estimates that a T-Mobile deal would add about 4 million iPhones to his current estimate of 179 million sold in calendar 2013, boosting Apple’s top line (revenue) by 1% and its bottom line (earnings per share) by 2%.

Review: Fantastical for iPhone, the calendar upgrade iOS 6 is missing

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Flexbits, makers of the popular Fantastical Mac app, launched an iPhone version of its streamlined calendar app this morning with the goal of bringing the simplicity and user-friendly experience it has become known for on the Mac to iOS users. The new Fantastical app might not be as feature-filled as other third-party calendar iOS apps, but what it lacks in features it certainly makes up for in style. After a week with Fantastical for iPhone, I can confidently say the app feels like the calendar upgrade iOS 6 was missing.

One thing I love about the Fantastical Mac app compared to other calendar apps, and even Apple’s own Calendars app on OS X, is the overly simple UI. Better yet is the app’s natural language parser, allowing users to enter a sentence such as “lunch tomorrow” to automatically schedule a lunch meeting for noon the next day. While Fantastical for Mac users will feel right at home with a familiar interface to the desktop menubar app, the introduction of a touchscreen also brings a big new feature to the Fantastical UI: the DayTicker…
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iPhone 5 gains necessary network approval in China, readying for mid-December launch

The iPhone 5 has gained the proper network verification from The Ministry of Industry and Technology of the People’s Republic of China today, finally readying it for sale in the country where the device is made. Following rumors earlier this month, Wall Street Journal first noted the news this morning, and such verification sets-up for the mid-December launch as pre-orders are already kicking. Apple has gained WCDMA and CDMA-2000 verification, according to the filings, lining it up to be on China Unicom and China Telecom — China’s second and third-largest carriers, respectively.

China has proved to be a big-potential for Apple, emphasized by CEO Tim Cook several times. Earlier this year he said, “demand is off the charts in China.” Sadly it appears the world’s largest carrier China Mobile isn’t on board this round.

Source: Wall Street Journal

Via: Engadget


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Apple breaks ground on Santa Clara campus set to hold 1,200 employees

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Mercury News reported that Cupertino, Calif.-based Apple has broken ground on a Santa Clara campus that is set to be home to 1,200 employees. The location is just short of the city limits of Cupertino, and it is a 296,000 square-foot space set to be developed by Peery Arillaga. It is said to be a two six-floor building campus—not to be confused with the massive Spaceship-like campus Apple currently has plans for. Earlier this month, we highlighted a few other Apple land grabs, which many believe are temporary offices until the new campus that is set to hold 14,000 employees is completed in mid-2016. The first six-floor building at the new Santa Clara location that is 188,000 square feet will be completed mid-2014, while there’s no word on the second.

Source: Mercury News


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Time Warner CEO wants Apple to release a television set

After years of rumors, we’d like to think the Apple TV set is a reality…and so would Time Warner Cable’s CEO. Speaking at Business Insider’s IGNITE conference this afternoon, CEO Jeff Bewkes said he believes Apple has what it takes to change the television market. When asked about the company delivering the Apple TV set, Bewkes said, “I hope they do. I think Apple is a great device company. They bring good interface and navigation skills.”

This isn’t the first time we’ve heard Time Warner talk about the Apple TV. In September, COO Rob Marcus said the company would be willing to give up control of the user interface, but he wants to keep the “customer relationship.” We’ve noted before the difficulty Apple will face to get cable companies to relinquish control of the user interface and user experience.

Recently, analysts have pegged the Apple TV set launch for the 2013 holiday season, but that’s not without timeframe misses in the past. Analyst Gene Munster said the HDTV size will be between 42- and 55 inches and priced between $1,500 and $2,000.  At any rate, it looks like we’ll have to wait a while longer to get official word—if ever. In the mean time, check out a solid Apple TV concept.

Source: Business Insider
Image: The Verge


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Holiday Shopping Guide: The best docks, stands, cases, & cables for your iPad mini

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With iPad mini introducing a brand new set of dimensions for case manufacturers, most have not been as quick as with previous iPad launches to get products on the market. In the first couple of weeks of the product’s launch, only a handful of well-known accessory makers were taking orders, and we unfortunately saw many cheap 7-inch Android cases repurposed and sold as iPad mini compatible.

Apple’s new Lightning connector standard was of course another hurdle, and means there are not nearly as many available third-party docks, keyboards, adapters, etc., as iOS device owners have come to expect.

Below, we have put together a guide to the best of the best iPad mini accessories we could find that are currently available to order and shipping before the holidays:


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Wild Speculation: Why a $2B AMD purchase would be a puzzle piece fit for Apple

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Things aren’t looking good for chipmaker AMD…Following another round of layoffs totaling about 15 percent of its employees last month, Reuters reported today that AMD is looking for an investor to sell its Texas campus in order to raise up to $200 million in cash in a multi-year lease back deal. AMD’s cash dropped from $279 million to $1.48 billion in the third quarter, and today the company sits at a market cap of $1.40 billion.

Despite not being the “main option,” with the restructuring and the company’s financial issues, Reuters’ sources claimed an outright sale of the company isn’t out of the question. This isn’t the first time we’ve heard chatter of an AMD takeover. However, with the company sitting at a market cap of $1.40 billion and rumors of Bob Mansfield’s new Technologies group possibly transitioning away from Intel processors, we can’t help but imagine a few things Apple would stand to gain from the purchase…


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