Apple

Apple
Apple Commission Cut Shows App Store Worries
November 18, 2020

In business, sometimes giving in — just a bit — is a strategy. Better to walk away with something, the thinking might go, then be left with nothing. To that end, Apple said Wednesday (Nov. 18th) that had cut the commission it charges on smaller...

Apple
Apple Slashes App Store Commission Rate To 15 Pct For Small Businesses
November 18, 2020

Apple app developers earning less than $1 million post-commission in annual revenue are eligible to participate in a small-business program that would slash App Store commission rates in half to 15 percent instead of the usual 30 percent as it battles Epic Games over in-app...

Apple
European Privacy Advocate Files Legal Disputes Over Apple’s Tracking Tools
November 16, 2020

A privacy advocate in Europe has filed complaints against Apple charging that its advertising tracking tools store user data without consent, according to a CNBC report on Monday (Nov. 16). The group, Noyb, which is led by Austrian privacy activist Max Schrems, filed official complaints...

Apple
Preorders Now Open For New Apple iPhones Mini, Max, HomePods
November 06, 2020

Apple has started taking preorders for a new line of iPhones and HomePod speakers, the company said in a Friday (Nov. 6) press release. The final two iPhone 12 models — the iPhone 12 Pro Max and the iPhone 12 Mini — were to have launched...

Apple
Judge Rules Apple Needs To Face Shareholder Lawsuit Over Cook’s China Claims
November 05, 2020

Apple has been ordered to face a lawsuit from shareholders over CEO Tim Cook’s reported concealment of falling iPhone demand in China, Reuters reports, which caused investors to lose billions. U.S. District Judge Yvonne Gonzalez Rogers said in a decision on Thursday (Nov. 5) that...

Apple
VirnetX Takes $503M Bite Out Of Apple For Patent Infringement
November 03, 2020

There’s a new development in a decades old lawsuit after a jury in Tyler, Texas, ordered Apple to pay $502.8 million in royalties for infringing on VirnetX‘s patented virtual private network (VPN), according to a Cult of Mac report. The original lawsuit, filed Aug. 11, 2010,...

Apple
Weak iPhone Sales Cost Apple Nearly Half A Trillion Dollars In Market Cap
November 01, 2020

Apple remains the most valuable company in the country, but it’s worth $430 billion less than it was two months ago — largely, analysts say, due to concerns the new iPhones arrived too late. At market’s close on Friday (Oct. 30), Apple’s market capitalization was...

Apple
Legal Fees, New Regulation Costs Could Impact Apple’s Bottom Line, Company Report Says
November 01, 2020

In Apple‘s annual report, the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. According to the report, the company’s legal proceedings, claims and investigations, along with the alleged magnitude of...

Apple
Apple’s Services Shift Lacks Key Details
October 30, 2020

Apple’s latest quarter gave shoutouts to growth in the services segment, but details were scarce. Strip away the qualitative takeaways and the few data points offered up, and the continued story may be told as: Live by the hardware, die by the hardware. If earnings...