January Stories November 14, 2014

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Bloomberg reports that groups representing Apple, Google, Facebook and other high profile tech companies are lobbying to pass a new bill that attempts to limit NSA spying of email and communications of their users. The report says the groups are “pushing the Senate to pass legislation limiting National Security Agency spying before the Republican majority takes control of the chamber.” The news comes ahead of the Senate vote on the new bill scheduled for Nov. 18 and an upcoming Republican controlled Congress taking over in January: expand full story

January Stories February 11, 2014

Mac Pro availability continues to deteriorate with shipping estimates slipping to April

9to5Mac originally documented the supply issues with the new Mac Pro in December, but even today availability does not appear to have improved. In fact, it seems to be getting worse. Apple’s European, Chinese and Australian online stores (including the UK) are now reporting ‘April’ dispatch estimates.

January Stories October 10, 2013

Apple’s first retail store in Turkey set to open in Istanbul in January

As previously announced by Tim Cook earlier this year, Apple is preparing to open its first retail store in Turkey with a new store currently under construction in Istanbul. The Wall Street Journal reports that Apple has picked up around 21,000 square feet of space inside the Zorlu shopping center between Burberry and Louis Vuitton stores.

The store is expected to open in early 2014 and would make for the 13th country that Apple currently operates at least one retail store in. Apple now has over 400 retails stores worldwide and previously announced plans to open 30 new stores this year along with relocating 20 stores to bigger properties to accommodate customers.

(via donanimhaber)

January Stories August 28, 2013

Leading up to the unveiling of a new lower-cost plastic ‘iPhone 5C’ expected at Apple’s September 10 event next month, Apple is looking to hire an “experienced plastics material engineer” to work on iPhones and iPads. The engineer would join Apple’s iPhone/iPad Materials team and must have “extensive experience in plastic material properties, part design and fabrication.” While we know the current iPhone and iPads do use some internal plastic parts, the job listing also makes mentions of aesthetic requirements as well as experience in “plastic materials and design for manufacturing in terms of geometry and cosmetic quality.” That could be a hint the position will involve more than just the design of internal plastic parts.

There have been a ton of unconfirmed leaks claiming to show the plastic lower cost iPhone’s colourful back casings, but we posted the first photos of the next gen full-sized iPad back in January showing the device will borrow its design aesthetic from the iPad mini. It would be a stretch to imagine Apple might be working on a lower-cost, plastic iPad, but it is something it prototyped early on. Apple is expected to unveil the new lower-cost plastic iPhone alongside the new iPhone 5S at its event next month. There have been some conflicting reports this morning regarding the iPads, but we’re still expecting new iPads to be announced a later event.

The best 4K & 5K displays for Mac

January Stories August 14, 2013

Following comments from billionaire investor Carl Icahn that he had taken a “large position” in Apple and discussed a larger buyback with Apple CEO Tim Cook, Apple’s stock experienced a new six-month high of over $488 per share. Today, AAPL continues to climb and has passed the $500 mark for the first time in nearly eight months since January 23rd.

In an interview with The Wall Street Journal yesterday, Icahn noted that he expects Apple shares will soon rise above $600 and explained his proposal for increasing the stock buyback:

“This is a no-brainer to go buy stock in a company that can go borrow” at a low rate, Mr. Icahn said in an interview. “Buy the company here and even without earnings growth, we think it ought to be worth $625,” he said, referring to the stock price, which closed Tuesday at $489.57, having risen 5% on the news of Mr. Icahn’s investment.

Mr. Icahn’s thesis rests on Apple borrowing at about a 3% interest rate and buying back shares right now, likely at around $525 a piece. A stock buyback can increase earnings per share by reducing the number of shares outstanding.

While Icahn didn’t provide any financial details, WSJ adds that sources say his stake in Apple is now worth over $1.5 billion. expand full story

January Stories December 7, 2012

Apple says new 27-inch iMac orders will ship in January

Earlier this month, Apple started pushing back the estimated shipping times for its new line of 21.5-inch and 27-inch iMacs. Apple CEO Tim Cook previously warned prior to the launch of the new lineup that the company expected significant delays leading into the holidays. While the 21.5-inch iMacs are still listed at “7-10 days” on at least Apple’s United States and Canada online stores, the 27-inch model is now listed as shipping in “January”. Apple previously displayed “3-4 weeks”.  While we are obviously now only three weeks out until January, the change could mean further delays for the new iMacs and possibly shipments late into January as opposed to at the start of the month.

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