August 25

AAPL: 107.57

-0.46
Stock Chart

JP Morgan, an investment banker for Apple, has said that the worst-case outcome of a long-running European Commission investigation into the legality of Apple’s European tax arrangements could be a back-tax bill of $19B. It had previously been estimated that the bill might amount to $8B.

The estimate was made as the US Treasury Department warned the European Commission about taking action against US companies over tax avoidance allegations, reports the BBC

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We reported last month that Apple CEO Tim Cook was to host a political fundraiser for Hillary Clinton’s presidential campaign, and the event took place last night. Apple’s environmental initiatives VP Lisa Jackson – a board member of the Clinton Foundation charity – was also in attendance.

Attendees had to hand over anything from $2,700 to $50,000 to attend the event, which took place at a private residence in Los Altos, and a couple of them shared some photos and a short video clip …

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9to5toys 

Bloomberg reports that Apple is to go head-to-head with Snapchat and Instagram by developing its own video-sharing app as part of a push to target younger users. The company is said to said to be motivated by the fact that social apps generate the greatest level of engagement on the iPhone, Facebook users averaging 50 minutes a day, Snapchat users 30 minutes.

The goal behind the project’s development is to offer simple video editing with tools that appeal to the generation of users growing up with Snapchat and Instagram, said the people, who asked not to be identified because the plans are private […]

Apple’s current plan calls for its project to become a stand-alone app, presumably as a download via the App Store, but the company may decide to package the functionality into the iPhone’s existing camera application, the people said.

The focus will be on short, fun videos that are super-quick to create …

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The Apple Music festival in London has been always been a staple of the fall pop music scene, but never has it been more integral to Apple’s operations than this year – when Apple Music is locked in a battle for supremacy among streaming services and Tim Cook is pushing services revenue as a replacement for Apple’s sagging hardware unit sales.

This year’s event will not only be available on Apple’s product lineup but also PCs, and for the first time through the Apple Music App on Android which launched in November of last year. That means a much wider audience. Today, Apple announced the headlining lineup …

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August 24

AAPL: 108.03

-0.82
Stock Chart
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