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[3 Feb 2016 | No Comment | ]

Apple reported Tuesday the slowest sales ever of its market-leading iPhone, after years of rocketing growth, but the tech giant still posted record quarterly profit.
Net income for the quarter ending December 26 was two percent higher than the same period a year earlier at $18.4 billion, while revenue of $75.9 billion set another record for the company, also edging up two percent.
The results were largely in line with expectations that sales of iPhones—the driver of two-thirds of Apple revenue—had peaked and that the company would need to find new sources …

Business News & Advice »

[2 Feb 2016 | No Comment | ]

U.S. Internet giant Google paid Apple a billion dollars in 2014 to be the go-to search tool on iPhones, Bloomberg reported, citing court documents.
The rare glimpse into financial figures typically kept private by Google and Apple was provided by an Oracle attorney during a court hearing in San Francisco last week, according to Bloomberg.
A transcript of the proceeding was not among documents available at the court’s digital filing system on Friday, in the wake of a move by Google lawyers to have it redacted and sealed.
An Oracle attorney had revealed …

Headline »

[14 Nov 2015 | No Comment | ]

An Apple manager has apologised to six teenagers of African descent after staff kicked them out of an Australian store citing concerns they “might steal something”, with a video of the incident going viral on Facebook.
The video, recorded by one of the students from Maribyrnong College in the southern city of Melbourne, has been viewed almost 60,000 times after it was posted on Facebook on Tuesday with the caption “simply racism”.
“These guys (security guards) are just a bit worried about your presence in our store,” an Apple employee at the …

Business News & Advice »

[6 Sep 2015 | No Comment | ]

Playing deejay with voice commands will get easier for more Americans this fall as some best-selling cars get updated with software that integrates smartphones into the dashboard.
With the 2016 model year, Apple’s CarPlay and Google’s Android Auto will turn cars as affordable as a base model Chevy Spark into rolling robotic assistants that give directions to nearby restaurants or play the latest hits with commands as simple as “Play Ellie Goulding.”
The Associated Press recently tried out both systems on a 2016 Honda Accord. As with phones, voice-activated car technologies don’t …

Headline »

[3 May 2015 | No Comment | ]

Early adopters of the Apple Watch, Apple Inc’s first new product in five years, are complaining that a number of its key functions are disrupted by their tattoos.
Owners of Apple Watch – including this reporter, who bought a 42mm version with stainless steel case and black classic buckle – have found that their inked skin confuses the sensors on the underside of the device.
Users of the watch, which went on sale last week, took to social media on Thursday under the hashtag #tattoogate to air their frustration with the flaw …

Career News & Advice »

[15 Mar 2015 | No Comment | ]

EXHAUSTED, taunted and threatened.
You might be paying serious bucks for your smartphone, but an undercover investigation has revealed the even higher price Apple’s factory workers are paying to produce the goods.
The investigation, which aired on BBC’s Panorama in the UK in December and on ABC’s Four Corners last night, unearthed eye-opening footage of the harrowing conditions imposed on workers at Pegatron, an electronics manufacturing company in China where iPhones and iPads are assembled. As of December 2014, more than 1,400 Apple employees worked in China’s manufacturing operations.
Undercover reporters were hired …

Business News & Advice »

[5 Mar 2015 | No Comment | ]

Is the future of the U.S. car industry in Silicon Valley?
After Tesla and Google, Apple appears to be readying for a plunge into the industry long rooted far away in the steel belt of the U.S. upper Midwest.
According to various media reports, the maker of iPhones and iPads has created a special unit baptized “Titan” with hundreds of staff to begin developing an electric car, with 2020 the target date.
Apple remains silent on the project, but the reports were partially backed up by a lawsuit filed against the tech giant. …

Career News & Advice »

[1 Mar 2015 | No Comment | ]

A year and a half ago, Apple Inc had applied for just eight patents related to auto batteries. Recently, it has hired a bevy of engineers, just one of whom had already filed for 17 in his former career, according to a Thomson Reuters analysis.
The recent spate of hires and patent filings reviewed by Reuters shows that Apple is fast building its industrial lithium-ion battery capabilities, adding to evidence the iPhone maker may be developing a car.
Quiet, clean electric cars are viewed in Silicon Valley and elsewhere as a …

Money Matters »

[8 Feb 2015 | No Comment | ]

Apple sold $6.5 billion in bonds on Monday, according to Bloomberg.
That’s the same Apple that last week announced an record-breaking $18 billion profit over the holiday quarter.
It’s reasonable to ask: why would Apple — a company with $178 billion in cash — need a loan?
In short: taxes.
The vast majority of Apple’s cash hoard is held offshore.
Apple can defer taxes on that cash until it decides to bring it back to the U.S.
Apple doesn’t want to bring the money home, though. It could pay up to 35% of whatever it brings …

Headline »

[2 Nov 2014 | No Comment | ]

Apple CEO Tim Cook’s declaration that he’s “proud to be gay” wasn’t exactly news in Silicon Valley, where his sexual orientation was no secret. But advocates say that given Apple’s immense reach and visibility, his coming-out could help change attitudes in workplaces across America.
The 53-year-old successor to Steve Jobs made the announcement in an essay published Thursday by Bloomberg Businessweek. He is the highest-profile U.S. business executive to publicly acknowledge that he’s gay.
In a country where more major-league athletes have come out than top CEOs, business leaders said Cook’s disclosure …