Trump pushes for Apple to manufacture products in the U.S., offers tax incentives

Posted by:
Date: Monday, November 28th, 2016, 05:16
Category: Finance, Hardware, iPhone, News, retail

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President-elect Donald Trump, following up on a campaign promise that he would “get Apple to start making their computers and their iPhones on our land, not in China” – and he has now said the same thing directly to Apple CEO Tim Cook.

In a recent interview with the New York Times, Trump offered the following:

I got a call from Tim Cook at Apple, and I said, ‘Tim, you know one of the things that will be a real achievement for me is when I get Apple to build a big plant in the United States, or many big plants in the United States, where instead of going to China, and going to Vietnam, and going to the places that you go to, you’re making your product right here.’

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Rumor: Apple won’t refresh iPhone SE in 2017

Posted by:
Date: Monday, November 7th, 2016, 05:05
Category: Finance, Hardware, iPhone, retail, Rumor

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As nifty as the iPhone SE may be, it probably won’t be refreshed in the coming year.

Analyst Ming-Chi Kuo has released a report to investors state that Apple will prolong iPhone SE’s lifecycle beyond the usual one year rotation in a bid to boost gross margins and minimize cannibalization of high-end flagships like the iPhone 7.

To the point, Kuo noted that it seems unlikely that Apple will launch a new iPhone SE handset in the second fiscal quarter of 2017, which for Apple ends in March. The 4-inch iPhone variant debuted this year on March 31, leaving some to speculate that a next-generation version with updated internals would see release at roughly the same time in 2017. Kuo does not mention plans beyond the second quarter, meaning a refresh might land later in the year.

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Apple posts $9 billion profit on $46.9 billion in revenue from Q4 of 2016, down from Q4 of 2015 numbers

Posted by:
Date: Wednesday, October 26th, 2016, 05:51
Category: Apple, Finance, iPad, iPhone, MacBook, MacBook Pro, News

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Apple’s annual revenue has fallen for the first time since 2001. The company went from $233.7 billion in 2015 to $217 billion in the 2016 fiscal year. This marks a 9 percent decline since 2001, largely due to the continued decline in iPhone sales, down 5 percent year over year.

The company sold 45.5 million iPhones in the fourth quarter—also its final quarter of fiscal 2016—though that includes just two weeks of iPhone 7 sales and only the earliest signs of Samsung’s Galaxy Note7 catastrophe impact.

As such, Apple made a $9 billion profit from $46.9 billion in revenue in Q4 of 2016, down year-over-year from an $11.1 billion profit off $51.5 billion in Q4 of 2015. And while profits and revenue are down pretty much across the board, Apple is again choosing to focus on its services, a bright spot in the company’s portfolio. Services revenue, which includes iCloud, Apple Music, iTunes, and the App Store, grew 24 percent to $6.3 billion in the fourth quarter.

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Apple Pay launches in Russia, becomes 10th country to go online

Posted by:
Date: Wednesday, October 5th, 2016, 05:05
Category: Apple Pay, Finance, News, retail

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You can now use Apple Pay in Russia, comrade.

Apple launched Apple Pay in Russia on Tuesday, marking the 10th country in which Apple Pay has gone online, following the United States, Britain, Canada and others.

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Apple announces Q4 2016 earnings call for Thursday, October 27th

Posted by:
Date: Tuesday, September 27th, 2016, 05:47
Category: Finance, News

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Apple on Monday noted that it would hold its fourth quarter earnings call on Thursday, October 27th. The call will be held at the standard time of 2PM PT/5PM ET, with the earnings release itself being sent out roughly thirty minutes before then.

The earnings call will be important in that it can show how the iPhone 7 and iPhone 7 Plus are doing as products. While Apple generally offers first weekend sales numbers for new iPhone models, the company said this year that it wouldn’t due to the supply contrasts surrounding the new devices. Many analysts, including KGI, expect that Apple will report slower iPhone 7 sales than it did iPhone 6s sales at this time last year, despite increased popularity of the iPhone 7 Plus and the Jet Black color.

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iOS 10 users can now send payments via Circle/iMessage collaboration

Posted by:
Date: Thursday, September 15th, 2016, 05:10
Category: Android, Finance, iOS, News, Software

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You can now make Circle-based payments via iMessage in iOS 10.

Apple has tied in with Circle, the social payments provider, and included iMessage-based functionality that allows payments to be quickly sent between users.

This allows the company to capitalize on its vision for more activity in social payments, which have taken off in China through the WeChat app. Circle chief executive Jeremy Allaire, who previously founded a number of successful ventures including online video platform Brightcove, says that after WeChat opened itself up for third-party developers to build apps on top of it, Wechat saw explosive growth as it added business services, utilities, payments and other services offered by third-party apps. Now, he says Apple is doing something similar with iMessage.

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Apple has yet to report iPhone 7, iPhone 7 Plus preorder numbers

Posted by:
Date: Monday, September 12th, 2016, 05:13
Category: Finance, iPhone, News, wireless

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In what could be construed as a fairly prominent departure from years past, Apple apparently doesn’t plan to disclose first-weekend sales of its upcoming iPhone 7 handset.

Apple has disclosed the figures for its new iPhones the past eight years. Last year, for example, Apple said it sold 13 million iPhone 6s and 6s Plus phones in their first three days of availability, up 30% from initial sales of the iPhone 6 models the prior year.

Some analysts and investors have viewed the numbers as a gauge of enthusiasm for the new phones. Apple said the figures are less relevant than in the past.

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Tim Cook pens scathing letter addressing Apple European tax controversy

Posted by:
Date: Friday, September 2nd, 2016, 05:30
Category: Apple, Finance, Legal, News

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There apparently came a moment where, in the wake of the controversy regarding Apple’s tax rate in Ireland, Tim Cook got angry and began smashing things.

Responding to the Commission’s decision that Ireland should recover 13 billion euros ($14.5 billion) in back taxes from Apple, Tim Cook said that “in Ireland and in every country where we operate, follows the law and we pay all the taxes we owe.”

He proceeded to pen the following letter:

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Apple buys Gliimpse, apparently looking into health data

Posted by:
Date: Monday, August 22nd, 2016, 07:30
Category: Finance, Health, News

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Apple has apparently acquired Gliimpse, a health startup whose stated aim is to allow any American to pull together a comprehensive picture of their health, which they would be free to share with medical professionals as desired.

The acquisition reportedly happened “earlier this year” and has yet to be noted by Apple or published on the Gliimpse web site. For its part, Apple offered its usual “non-denial” statement that it ‘buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.’

Interestingly, Gliimpse founder Anil Sethi started out as an Apple engineer back in the late 80s, before becoming a serial entrepreneur after forming and taking public his company Sequoia Software. He said that he formed Gliimpse out of a frustration at the incompatibility of existing Electronic Health Record systems.

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Apple announces $42.4 billion in revenue, $7.8 billion profit for Q3 2016

Posted by:
Date: Tuesday, July 26th, 2016, 14:42
Category: Apple Pay, Finance, iOS, iPad, iPad Pro, iPhone, macOS, News, Sierra, Siri

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You know, in most businesses, a quarterly profit of $7.8 billion would be considered a good thing.

In Apple’s frame of mind, this isn’t that stellar.

In today’s Q3 2016 conference call, representatives from Apple cited revenues of $42.4 billion, a profit of $7.8 billion with a margin of 38 percent.

Apple CEO Tim Cook cited the successful launch of the iPhone SE, wherein demand outstripped capacity at first. Additional capacity was brought online to handle this.

Cook cited an 8 percent decline in iPhone sales from Q3 2015.

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