Apple now offering the largest dividends of any corporation in the world, possesses $257 billion in cash reserves

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Date: Tuesday, June 13th, 2017, 05:00
Category: Apple, Finance, Microsoft, News

It looks like Apple is now paying the largest dividends of any company in the world.

Apple is now the world’s largest payer of dividends after increasing its quarterly payout by 10.5% to 63 cents a share, according to data compiled by Howard Silverblatt, senior index analyst at S&P Dow Jones Indices LLC. Now boasting $13.2 billion in annual distributions, Apple has dethroned Exxon Mobil, the previous global dividend king.

At present, Apple is now distributing more in quarterly dividends than the entire market cap of US Steel, Silverblatt points out.

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Apple Pay expected to arrive in Ukraine come Q2 of 2018

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Date: Wednesday, May 31st, 2017, 05:48
Category: Apple Pay, Finance, News, retail, Software

It looks like Apple Pay is en route to the Ukraine come next year.

An Alfa-Bank executive stated that Apple Pay should arrive in the Ukraine in the second quarter of 2018.

The head of Alfa-Bank Ukraine’s e-business, Maxim Patrin, cited an anonymous source from one of the payment systems operating in the country. Alfa-Bank is based primarily in Russia, and may be better known to U.S. readers for alleged ties to U.S. President Donald Trump.

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Apple Pay goes live in Italy

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Date: Thursday, May 18th, 2017, 05:45
Category: Apple Pay, Finance, iOS, News, retail, Software

Apple Pay has come to Italy.

The service is now available within the country, allowing for Visa and MasterCards issued by Boon, Carrefour, and UniCredit to be used with Apple Pay in Italy. Per the Apple Pay web site, support for additional banks will be added later this year.

Rumors of Apple Pay’s expansion to Italy have been circulating for several weeks as Apple worked to add support for its payments service in the country, and the service has been listed as “Coming Soon” on the Apple Pay Italy site since March.

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Apple invests $200 million in Corning’s Harrodsburg, Kentucky plant

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Date: Monday, May 15th, 2017, 05:25
Category: Finance, Hardware, Hardware, iPhone, News

The glass on your Apple devices could be on the verge of becoming that much stronger.

Apple announced that the company has put $200 million of its $1 billion U.S. manufacturing fund into Corning’s Harrodsburg, Kentucky glass-making plant.

Corning has manufactured the glass that Apple has used in iPhones and iPads since day one.

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Apple to hold Q2 2017 conference call on Tuesday, May 2nd

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Date: Friday, April 28th, 2017, 05:33
Category: Apple Watch, Finance, iPad, iPad Pro, iPhone, News, retail

Come next Tuesday, Apple shall once again reveal where it stands where units of currency are concerned.

Apple will hold its Q2 conference call on Tuesday, May 2nd in the early afternoon at 2 PM PST.

Last quarter, Apple’s revenues shrunk for the first time in recent memory. At the time, Apple suggested that its next quarter would generate between $51.5 and $53.5 billion in revenue, which would make it a second straight quarter of slight year-over-year revenue growth.

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AT&T announces acquisition of Straight Path for $1.25 billion, works to expand future 5G networks

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Date: Tuesday, April 11th, 2017, 05:58
Category: Finance, iPhone, News, wireless

It never hurts to buy the bandwidth you need in advance.

AT&T on Monday announced that it will acquire Straight Path Communications, a company that holds licenses to airwaves needed for the next-generation network technology. AT&T announced the deal in a press release, noting that it is worth $1.6 billion in total.

Straight Path Communications is one of the largest holders of the 28GHz and 39GHz millimeter wave spectrum used by wireless carriers. It also holds the mmWave licenses in the 39 GHz band and 133 licenses in the 28 GHz band, which 5G technology is heavily reliant upon.

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Apple may have something to learn from secretive billionaire as he undercuts the iPhone in Chinese marketplace

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Date: Tuesday, March 21st, 2017, 05:21
Category: Apple, Finance, iPhone, News

Duan Yongping may have figured out how to beat Apple at its own game in the Chinese marketplace.

The reclusive billionaire founded both Opposition and Vivo, the twin smartphone brands that dealt the world’s largest company a stinging defeat in China last year. Once derided as cheap iPhone knockoffs, they leapfrogged the rankings and shoved Apple Inc. out of the top three in 2016 — when iPhone shipments fell in China for the first time.

Jongping stated that he was able to beat Apple in the region given that Apple didn’t adapt to local competition. Oppo and Vivo employed tactics Apple was reluctant to match, such as cheaper devices with high-end features, for fear of jeopardizing its winning formula elsewhere, Duan said.

“Apple couldn’t beat us in China because even they have flaws,” the 56-year-old electronics mogul said. “They’re maybe too stubborn sometimes. They made a lot of great things, like their operating system, but we surpass them in other areas.”

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JPMorgan Chase purchases CurrentC, looks to develop technology for further use

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Date: Monday, March 13th, 2017, 05:07
Category: Apple Pay, Finance, iOS, News, retail

If you were curious as to what happened to CurrentC, the intended mobile payment service that was intended to compete with Apple Pay a few years ago, there’s an answer: JPMorgan bought it out.

Oddly enough, Chase Bank played both sides and was one of a few major banks to partner with Apple when Apple Pay launched back in the fall of 2014, but several retailers including CVS and Walmart blocked or denied plans to accept Apple Pay due to an upcoming CurrentC app and commitments to MCX, the company developing CurrentC.

Some CurrentC backers including Rite Aid and Best Buy eventually changed their course and added Apple Pay as a payment option in stores, and last summer efforts to bring CurrentC to market finally ended.

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Verizon settles on $4.48 billion purchase price for Yahoo’s core assets following email hacks

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Date: Wednesday, February 22nd, 2017, 05:01
Category: Finance, Hack, Legal, News, wireless

Verizon was able to save even more money following Yahoo’s email hacks.

The telecommunications company announced a deal to buy the core business of Yahoo for $4.48 billion —managing to secure a $350 million discount it was pursuing because of two major security breaches, the last of which affected over 1 billion accounts.

The deal states that both Yahoo and Verizon will share some liabilities following the 2013 and 2014 hacks. The companies will split cash liabilities linked to some lawsuits and government investigations, but Yahoo alone will be saddled with some liabilities from shareholder lawsuits and U.S. Securities and Exchange Commission investigations.

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Apple purchases Israeli firm Realface, thought to be interested in biometric login features

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Date: Monday, February 20th, 2017, 05:52
Category: Finance, News, Software

Apple has bought yet another company that they may do something nifty with.

Apple has purchased Realface, a cybertechnology startup whose facial recognition technology can be used to authenticate users. This is Apple’s fourth acquisition in Israel and the deal is estimated to be worth a couple of million of dollars.

Realface was established in 2014 by Adi Eckhouse and Aviv Mader developed a facial recognition technology that offers a smart biometric login, aiming to make passwords redundant when accessing mobile devices or PCs.

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