Apple Inc. (NASDAQ: AAPL) has been sued by Ericsson for refusing to pay royalties for use its intellectual property. Ericsson claims that Apple Inc. has infringed on the company’s intellectual property relating to “fundamental technologies”, that enable mobile devices to communicate, by not paying royalties. Apple Inc. is no alien to lawsuits and counter lawsuits. The most talked about lawsuit the company has been … Read More
5 Interesting facts you need to know from Apple’s Q1 2015 earnings report
Last week Apple Inc. (NASDAQ:AAPL) reported the highest quarterly results in its entire history. AAPL posted record quarterly revenue of $74.6 billion and record quarterly net profit of $18 billion. These figures are certainly very impressive given the fact that every year analysts predict Apple’s doom. Here are 5 interesting facts to note from Apple’s earnings call. 1. Apple beat every company … Read More
Apple Inc. (AAPL) CEO Admits Release of Redesigned iMac Could Have Waited Until 2013
With Apple Inc. (NASDAQ:AAPL) under intense criticism over the past several months, it is not surprising that the company’s CEO, Tim Cook would come out and regret some of the steps they took in the past. Apple Inc. (NASDAQ:AAPL) has been seeing its stock in a tailspin, analysts worrying about gross margins, and many claiming that the company is lacking in … Read More
Apple Inc. (AAPL) to Open First Retail Store in Berlin on May 3rd
Apple Inc. (NASDAQ:AAPL) has increased its international retail presence over the past several years, and has opened new stores in Barcelona, as well as a number of stores in and around China. AAPL has been opening stores and gravitating towards regions where their revenue has increased. On Thursday, Apple Inc. announced through its website that it will be opening its first … Read More
Apple Inc. (NASDAQ:AAPL) to Announce Q2 2013 Earnings Results on April 23
With the second fiscal quarter of 2013 (first calendar quarter) at an end, Apple Inc. (AAPL) is once again set to report its quarterly earnings. AAPL will announce the Q2 2013 earnings results on April 23, exactly 3 months after they announced the Q1 earnings of 2013. The company notified the public of this earnings call by posting the … Read More
Apple Inc. (AAPL) Adds “Why iPhone” Section to Website Post Galaxy S4 Announcement
Apple Inc. (AAPL) launched a new online campaign, adding “Why You’ll Love iPhone” section to their website. The promotion which highlights a number of reasons why customers love the iPhone, is seen on the front splash page of the company’s website, as well as an email newsletter and a dedicated “Why iPhone” page. There’s iPhone. Then there’s everything else. What … Read More
Apple Inc. (AAPL) VP of Retail Jerry McDougal Leaves Company, Replaced by VP of Finance, Jim Bean
Apple Inc. (AAPL) has had yet another management shift, making it the third retail executive departure from the company in the past year. According to IFOAppleStore, Apple’s VP of Retail, Jerry McDougal has left the company to spend more time with his family. McDougal has been a part of the company for 12 years, running Apple’s retail marketing, product merchandising, … Read More
Apple Inc. (AAPL) Fires Manager of iOS 6 Maps Team
On Tuesday, Bloomberg reported that Apple Inc. (AAPL) has fired the manager of the iOS 6 Maps team, Richard Williamson. Williamson lead the team that created the new iOS 6 Maps, which many users complained was not very useful, and was not entirely accurate in providing directions. In many cases, the Maps would display a location in the wrong city … Read More
Apple Inc. (AAPL) to Release iPhone 5 in China in Late November or Early December
Apple Inc. (AAPL) iPhone 5 went on sale in the United States in late September, adding to the holiday lineup of all new Macs and iPods. Now, AAPL is also planning to bring the latest iPhone with the taller 4 inch screen, A6 chip, and LTE wireless to China. On Friday, The Wall Street Journal reported that the Cupertino based … Read More
Apple Inc. (AAPL) to Open Wangfujing Street Retail Store, Third Store in Beijing
Early last week, reports of Apple Inc. (AAPL) opening a third store in Beijing were published, with photos from chinese site MicGadget showing the entrance of the new store under construction. On Sunday, Apple confirmed that they are going to open the third store in Beijing, located on the iconic Wangfujing Street. The Cupertino, Calif., company confirmed that the store … Read More
Apple Inc. (AAPL) Orders 10 Million iPad Mini Displays
On Monday, a report from The Wall Street Journal mentioned that Apple Inc. (AAPL) has placed orders for around 10 million iPad mini tablets to supply chain vendors. This information reportedly came directly from the chain vendors in Asia who claim that they received the orders from AAPL. If the proposed information turns out to be true, this means that Apple … Read More
Apple Inc. (AAPL) Reports Q2 2012 Earnings: $39.2 billion in Revenue
Apple Inc. (AAPL) on Tuesday reported their Q2 2012 earnings results. As always, AAPL is showing record numbers from revenue to profit and is seeing great increase in the sales of their mobile devices. The company reported quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion. That’s roughly $6.40 per diluted share, which is up almost 94% … Read More
Apple Inc. (AAPL) Rumored to Discontinue 17-Inch MacBook Pro
Apple Inc. (AAPL) MacBook Pro model has been around for quite some time now, serving as the perfect combo between a consumer and pro product, in accordance to the vision of late CEO and Chairman of Apple, Steve Jobs. AAPL introduced MacBook Pro in 2006, and replaced the Powerbook G4, launching the Cupertino company into a wave of success for … Read More
Apple Inc. (AAPL) CEO Responds to Reports of Working Conditions at Supplier Factories
Reports about the treatment of workers at Apple Inc. (AAPL) Supplier factories in other countries surfaced on Thursday, revealing that the companies ignored many issues with their workers, many cases which led to suicide in a Foxconn factory. On Friday, AAPL CEO Tim Cook responded to the reports, suggesting that Apple takes any and all employee issues seriously and is … Read More
Apple Inc. (AAPL) Names Arthur D. Levinson as Chairman, Disney CEO Bob Iger Joins Board
After the passing of former CEO and Chairman Steve Jobs, Apple Inc. (NASDAQ:AAPL) has made transitions to appoint a new Chairman of the Board, as well as a new addition to the board. Apple’s new chairman is Arthur D. Levinson, co-lead director of the board since 2005, and also chairman of Genentech. While Levinson settles in his new roles and begins … Read More