Apple

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Apple Reports Record-Breaking Mac Sales

2020 is a banner year for Big Tech

(Newser) - While many are calling 2020 the "worst year ever," it's becoming the best one on record for big tech companies. Amazon, Apple, Facebook, Microsoft, and Alphabet, Google's parent company, have all reported record-breaking quarterly sales and/or profits this week, MarketWatch reports. Apple reported record revenue of...

Here are Apple's New iPhones, Designed for 5G

Models won't include a charging adapter anymore

(Newser) - Apple unveiled four new iPhones on Tuesday that are equipped with technology for use with faster 5G wireless networks. The staggered release schedule compresses Apple's window for building up excitement heading into the holiday season, the AP reports. With unemployment and economic anxiety high during the COVID-19 pandemic, consumers...

Big Day in Tech: Prime Day, 5G iPhones
What to Buy, and Not
to Buy on Prime Day
the rundown
Oct 13, 2020 6:38 AM CDT

What to Buy, and Not to Buy on Prime Day

Also, Apple is expected to unveil its first 5G phones

(Newser) - Tuesday is a big day for those in the market for a new iPhone, a tech toy, a vacuum, or pretty much any item under the sun. It's not only Amazon Prime Day, but Apple will unveil its new phone lineup. Coverage:
  • Apple: At the company's 1pm ET
...

Apple Unveils Discount Watch, but No New iPhones Yet

It was company's first virtual-only product reveal

(Newser) - Apple introduced a cheaper version of its smartwatch Tuesday in its latest attempt to broaden the appeal of its trend-setting products while many consumers are forced to scrimp during the coronavirus pandemic. The scaled-down Apple Watch follows on the heels of a budget iPhone the company released five months ago...

Apple Hits Back at Epic Games in Fortnite War

Apple wants damages for breach of contract

(Newser) - Apple on Tuesday made its latest move in the company's epic battle with Epic Games. After Epic introduced a direct-payment plan bypassing Apple and Google platforms (which take a significant cut of the proceeds from in-game purchases), both tech giants responded by removing Epic's wildly popular Fortnite from...

'Exhaustion' Finally Catches Up to Markets

Apple and other tech stocks lead the plunge

(Newser) - On Wednesday, the stock market had a very good day as the Dow climbed back over 29,000. Thursday is telling a much different story. The numbers around midday were bleak: The Dow was down 531 points, or nearly 2%, to 28,554; the S&P 500 was down 92...

Apple Does What No US Company Has Done Before
Apple Does What No
US Company Has Done Before
THE RUNDOWN
Aug 19, 2020 10:55 AM CDT

Apple Does What No US Company Has Done Before

It's the first publicly traded American company to hit a $2T market cap

(Newser) - Just before 11am ET on Wednesday, Apple's share price hit $467.77—and propelled the company into the record books. Based on its share count and that price, Apple became the first publicly traded US company to hit a $2 trillion market cap. The feat comes just a hair...

Epic Games Says Apple Has 'Retaliated Ferociously'

Company says it is in danger of being 'crushed' in feud over 'Fortnite'

(Newser) - Epic Games says Apple has "retaliated furiously" for its lawsuit in a dispute over Fortnite. Epic says Apple has told it that by August 28, it "will cut off Epic's access to all development tools necessary to create software for Apple’s platforms," including the Unreal...

Battle Royale Looms After Apple, Google Drop Fortnite

Epic Games slaps both firms with lawsuits

(Newser) - Apple and Google dropped "Fortnite" from their app stores Thursday over a dispute about in-game currency, and it soon became apparent that the makers of the hit game had been gearing up for a legal battle. Within hours of the move, Epic Games filed 60-page lawsuits against both companies,...

Apple Drops 'Fortnite' From App Store

Behemoths are in a fight over how customers pay for perks

(Newser) - Apple has dropped the hugely popular “Fortnite" game from its App Store after the game's developer introduced a direct payment plan that bypasses Apple's platform, per the AP . Apple takes a 30% cut from in-app revenue purchases, which has long been a sore spot with developers. “...

Apple to Small Startup: Ditch That Logo or Else

The tech giant sues Prepear over its logo of, you guessed it, a pear

(Newser) - Note to small startups: Try not using a fruit logo. Apple might get mad. The tech behemoth has again filed suit over a fruity logo—this time against a five-employee startup called Prepear that advertises itself with the image of a green pear, Entrepreneur reports. Now Russell Monson, the recipe...

Tim Cook Enters the 'Three-Comma Club'

Apple's CEO has just become a billionaire

(Newser) - Don't think of Tim Cook as obscenely rich? Well, he is Apple's CEO, and he's now in the billionaire's club. That's according to a Bloomberg News analysis of his compensation and years of Apple stock awards that pay out gradually. His 847,969 shares (about...

'Emperors of the New Economy' Grilled at Antitrust Hearing

'Simply put, they have too much power'

(Newser) - The CEOs of Amazon, Apple, Facebook, and Google were sworn in remotely Wednesday for a historic antitrust hearing before House lawmakers. Rep. David Cicilline, chairman of the House Judiciary antitrust subcommittee, used his opening statement to accuse the tech giants of damaging the economy through excessive dominance, the New York ...

Big Tech CEOs Head to Congress for Historic Hearing

Apple, Amazon, Facebook, Google on the defense over rising power

(Newser) - Chief executives of Facebook, Google, Apple, and Amazon are set to testify remotely before Congress on Wednesday as part of a hearing focusing on the size and power of the world's leading tech companies, following a yearlong investigation by the House judiciary’s antitrust subcommittee. Facebook CEO Mark Zuckerberg...

Ireland Wins Case, Won't Have to Take $15B From Apple

But this legal battle might not be over

(Newser) - The Irish government has won a European Union court victory, meaning Apple won't have to pay it almost $15 billion in back taxes. Europe's second-highest court, the Grand Court in Luxembourg, overturned an earlier ruling that Ireland had given the company illegal tax breaks, the Irish Times reports....

iPhone Owners Can File Now for $25 Slowdown Settlement
Filing Opens in
iPhone Settlement
Jul 13, 2020 5:55 PM CDT

Filing Opens in iPhone Settlement

Apple to pay about $25 to each owner who endured slowdown over battery issue

(Newser) - Filing has opened for iPhone owners wanting their cash settlement over battery issues. Apple will pay about $25 to each owner under the settlement of a class-action lawsuit, MacRumors reports, after the manufacturer admitted slowing down older iPhones to head off shutdowns caused by degraded batteries. Apple's payments are...

11 Stores Reopened, Now Will Shut Again

Apple is re-closing locations in 4 states because of rise in coronavirus cases

(Newser) - Less than a month ago, Apple was reopening stores to walk-in customers. But with confirmed coronavirus cases rising again, the company is reversing course, CNN reports. A total of 11 stores in Florida, North Carolina, South Carolina, and Arizona will close temporarily. The specific locations can be found here via...

Apple Wins Patent for 'Virtual Group Selfies'

Application was filed long before pandemic

(Newser) - Want to take a selfie with your friends, but your friends are all under stay-at-home orders? Apple filed a patent for software that would make that possible a long time before the pandemic, the Verge reports. The patent application for virtual group selfies, filed in 2018, was one of 57...

Reflecting on Pain, Apple Adds to Donations

Other companies announce gifts to battle inequality

(Newser) - Apple will be donating money to combat discrimination, CEO Tim Cook said, but that's just the start. "We have to reexamine our own views and actions in light of a pain that is deeply felt but too often ignored," Cook wrote in a memo to employees after...

Female CEOs Just Made a Record Fortune 500 List

37 of the companies in the annual ranking are run by women—a record high

(Newser) - This year's Fortune 500 list is out, and the top 10 companies are the same ones that made it in 2019, with Walmart in the No. 1 spot for the eighth year in a row. The real story attracting buzz, though, is that 37 of the companies are led...

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