Apple smashes records with jump in revenue and soaring iPhone sales January 27, 2015 Apple's results are in, and Tim Cook will have good reason to smile tonight. For the quarter ended 27 December iPhone sales shot up 46 per cent to 74.5m units, far outpacing analysts' forecasts of 65m. The tech giant enjoyed a record first-quarter profit of $18bn at $3.06 per share. Analysts were expecting Apple to [...]
What to expect ahead of Apple’s first quarter earnings since the iPhone 6 launched January 27, 2015 The figures Apple’s first quarter results are always big as they almost always follow an iPhone launch. This year’s no different: we'll find out just how well the iPhone 6 has done. Earnings per share are expected to come in at $2.60, up from expectations of $2.55 a month ago and $2.52 three months ago. [...]
How much are Tim Cook and Apple’s top executives paid? Salary and bonuses rise after 2014 share price highs January 23, 2015 Tim Cook got a pay rise for the first time in three years, while the bonuses of Apple’s senior executives soared as shares in the tech company hit an all-time high last year Cook boasted a $2m (£1.3m) salary last year, a $6.7m bonus and £774m in other compensation, bringing his total remuneration to $9.2m, [...]
Apple buys London startup Semetric January 21, 2015 Fresh from its $3bn (£2bn) of Dr Dre's Beats headphone brand, Apple has made its next big acquisition: UK music analytics startup Semetric. In the strongest sign yet that it's moving its focus back to music, the US tech giant has paid an estimated $50m for the company, based in London. The company, founded in [...]
Monster sues Apple’s Beats Electronics, claims Jimmy Iovine and Dr Dre “fraudulently acquired” brand through “sham transaction” January 7, 2015 Headphones maker Monster and its chief executive yesterday launched legal action against Apple’s Beats Electronics for allegedly conspiring to dupe Monster out of a deal with Beats before it was sold last year to the iPhone maker for $3.2bn (£2.12bn). In a complaint filed in Superior Court in San Mateo County, California, Monster alleged that [...]
Apple’s App Store and iTunes introduces UK no-questions-asked 14-day refund guarantee December 30, 2014 European users of iTunes, the App Store and iBook who find they've accidentally downloaded a rubbish song or boring movie are now entitled to a no questions asked 14-day money back guarantee. Apple has updated its terms and conditions giving customers 14 days to return purchases excluding gift-cards according to 9to5mac.com. The changes, which apply [...]
One chart showing why Apple thinks you need a gold iPad December 23, 2014 Just weeks after the months of Apple rumours were laid to rest with the launch of the iPhone 6, speculation has now turned to the iPad. Apple is said to be making a gold version of the iPad in a bid to boost flagging sales of the device. The new colour option, likely to be [...]
Rouble takes a beating as Apple halts sales in Russia December 16, 2014 Russia’s economic situation spiralled out of control yesterday as its central bank’s shock decision to raise interest rates to 17 per cent failed to prevent a further collapse in the rouble. The currency’s extreme volatility was reflected in a decision late last night by Apple – the world’s largest company – to suspend online sales [...]
Apple wins billion dollar competition trial over rival music on iTunes December 16, 2014 Apple has won a billion pound court lawsuit after a US jury found updates to its iTunes service in 2006 weren't intended to kill rivals' music. Eight Jurors took just hours to find that Apple's iTunes 7.0, which had been released in late 2006, was a genuine product improvement meaning it could not be in [...]
Apple antitrust case on brink of collapse December 6, 2014 An anti-trust lawsuit brought against tech giant Apple could soon fall apart thanks to last-minute objections raised by the company's lawyers. The case is to decide whether Apple misused its position in the digital music market between 2006 and March 2009. Apple used software that meant only music bought from iTunes could be played the [...]