Apple settles $840m ebook pricing lawsuit June 17, 2014 Apple has agreed an out-of-court settlement to end an $840m (£495m) legal dispute with consumers who argued they had overpaid for ebooks due to price-fixing between the iPhone maker and book publishers. The settlement follows another case last year that ruled Apple had breached anti-trust laws by agreeing higher ebook prices in its stores.
Apple agrees US ebook price-fixing settlement out of court June 17, 2014 Apple has agreed to settle an ebook price fixing lawsuit in the US. The tech giant avoided a trial and an estimated $840m payout in damages by agreeing to settle the lawsuit out of court. Consumers and legal representatives from 33 US states filed the civil lawsuit against the iPhone-maker and five book [...]
Bitcoin apps welcomed back to Apple with Coinpocket wallet June 16, 2014 Apple's rapproachment to cryptocurrencies appears to bearing fruit, with the first Bitcoin wallet app available to download on the company's iOS app store, according to Coindesk. Apple recently updated its guidelines to allow for apps transmitting "approved virtual currencies" so long as they do not break the law. The Coinpocket app gives users the same [...]
Apple’s own app can’t understand its stock split June 9, 2014 Apple has just finished its first stock split since 2005, and it's confusing more than just humans. The company's own stocks app has been baffled, and reports that Apple has a market capitalisation of nearly $3.9 trillion. The tech giant's value is actually closer to $560bn, around a seventh of what users of the iOS [...]
Apple gives Bitcoin apps new hope June 3, 2014 Apple's latest update to its app store guidelines may have opened the way to allow apps that deal in Bitcoin and other cryptocurrencies. Apps for transmitting "approved virtual currencies" may be permitted so long as they do not break any laws. However, the tech giant did not provide any clarification regarding its new rules. The [...]
Apple breaks into the Fortune 500 top five as it upgrades software June 2, 2014 APPLE leapt up the Fortune 500 rankings yesterday, moving up to 5th on the annual listings of the top US companies by revenue, on the same day it unveiled a host of software updates to its iPhone, iPad and Mac software. The improvement is due to a 9.2 per cent jump in Apple’s revenue, to [...]
New OS X? iPhone iOS 8? What to expect at Apple WWDC 2014 June 2, 2014 Apple’s Worldwide Developers Conference kicks off this week starting with a keynote from chief executive Tim Cook (which will be streamed live at 6pm tonight) in which he is likely to announce a slew of new software updates that will set the company’s direction for the next year. While Apple is by far the most [...]
Bottom Line: Time is quickly running out for Apple’s Cook to deliver June 2, 2014 JUST days after revealing its $3bn (£1.8bn) takeover of Beats Electronics, Apple chief executive Tim Cook will tonight announce a slew of new software updates that will set the technology giant’s direction for the coming year – but time is running out for Cook to deliver on his promises. Last year the technology giant’s chief [...]
Apple confirms $3bn deal for Dr Dre’s Beats May 28, 2014 APPLE announced yesterday that it is snapping up Beats Electronics, an audio firm famed for its headphones, for $3bn (£1.8bn). Beats founders Jimmy Iovine and Dr Dre will join Apple as the technology and computer giant takes over their firm, which is known for its iconic headphones. The deal will worth $2.6bn immediately with another [...]
Apple rumoured to be close to unveiling Jetson-style home automation platform May 27, 2014 Remember the Jetsons? Their home was filled with a variety of push-button, space age, automated conveniences. Fifty years on and the fantasy could soon be another step closer, as Apple takes its biggest stride yet into the "internet of things". According to the FT, the electronics titan is preparing a new software platform that’d turn [...]