O'Grady's PowerPage » Finance

Leaked document shows Apple Music to pay industry standard subscription revenue to artists upon launch

Posted by:
Date: Friday, June 12th, 2015, 07:24
Category: Finance, iOS, News, Software

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When Apple Music hits, it’ll pay artists about the industry standard.

A leaked document shared by Digital Music News shows that with Apple charging between US$9.99 and US$14.99 per month for its upcoming on-demand Apple Music service, with 58 percent of its subscription revenues going to record labels. For every US$9.99 Apple collects from subscribers in the United States, it will pay out US$5.80 to labels. Additionally, Apple pays approximately 12 percent to publishers and/or songwriters, leaving the company with somewhere around 30 percent of the revenue from the Apple Music service.

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Apple buys German augmented reality firm Metaio, may be looking into extensive AR-related projects

Posted by:
Date: Friday, May 29th, 2015, 08:04
Category: Finance, News, Uncategorized

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I guess they had something Apple wanted.

Earlier this month, Apple completed its acquisition of Metaio, a German augmented reality firm that first started life as a side project at Volkswagen, for an as-yet-unknown project.

The acquisition was completed with a full transfer of shares from Metaio’s holdings to Apple.

Metaio recently canceled its user conference originally set for June, disabled its Twitter accounts and just days ago posted a notice announcing an end to product and subscription sales.

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Apple adds 34 new banks and credit unions to list of supported Apple Pay institutions

Posted by:
Date: Tuesday, May 19th, 2015, 08:11
Category: Finance, iOS, News

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An additional wave of banks and credit unions have signed on to Apple Pay, bringing the total for over 300 for the time being.

Here you go:

1st Financial Federal Credit Union

Affinity Bank

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Apple Pay now supported by 24 additional banks and credit unions

Posted by:
Date: Wednesday, May 6th, 2015, 07:59
Category: Finance, News

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As of Tuesday, Apple added 24 banks and credit unions that now support Apple Pay.

The new batch brings the total closer to 250, the new institutions being included as follows:

Bellwether Community Credit Union

Benchmark Federal Credit Union

Blackhawk Community Credit Union

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Apple posts $13.6 billion profit on $58 billion in revenue for Q2 2015

Posted by:
Date: Tuesday, April 28th, 2015, 07:10
Category: Finance, News

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You can’t knock a US$13.6 billion quarterly profit.

Over the course of the second quarter, Apple cleared a US$14.6 billion profit from US$58 billion in revenue, beating analyst expectations as well as its own in the process. The revenues were up from US$45.6 billion in the second quarter of 2014.

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Apple to hold Q2 earnings on Monday, April 27th

Posted by:
Date: Tuesday, March 31st, 2015, 07:49
Category: Finance, News

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Apple’s most recent profit report will take place on Monday, April 27th.

The Q2 earnings report will take place at 2 PM PST/5 PM EST, and audio from the call will be streamed on Apple’s website.

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Apple adds 17 more banks and credit unions to list of supported Apple Pay institutions

Posted by:
Date: Tuesday, March 3rd, 2015, 08:53
Category: Finance, News, retail, Software

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Apple recently announced that more than a dozen new banks and credit unions have added support for Apple Pay, adding to the 98+ banks and institutions that have come on board with the payment plan.

The new banks and institutions are as follows:

Affinity Plus Federal Credit Union

American Airlines Credit Union

Bank of Hawaii

Baxter Credit Union
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iPhone accounting for almost 90% of smartphone industry profits in fourth quarter report

Posted by:
Date: Thursday, February 26th, 2015, 08:47
Category: Finance, iPhone, News

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If nothing else, the iPhone industry is profitable for Apple.

The latest numbers from Strategy Analytics reveal that Apple continued to dominate in global smartphone profit during the fourth quarter of 2014, capturing a record-high 88.7 percent share of profit during the three-month period ending December. Apple earned quarterly operating profit of US$18.8 billion on iPhone sales, up from US$11.4 billion during the fourth quarter of 2013.

“Global smartphone operating profit grew 31 percent annually from US$16.2 billion in Q4 2013 to US$21.2 billion in Q4 2014. Android hardware vendors combined took a record-low 11 percent global smartphone profit share, down from 29 percent one year ago. In contrast, Apple iOS captured a record-high 89 percent profit share, up from 71 percent in Q4 2013.”

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Visa Europe announces installation efforts for European Apple Pay terminals, cites mid-April completion date

Posted by:
Date: Tuesday, February 24th, 2015, 08:57
Category: Finance, Hardware, News, Software

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It never hurts to have the infrastructure in place.

Visa Europe has announced that its European contactless payment terminals will support the tokenization service used by Apple Pay by mid-April. This would allow Apple to introduce Apple Pay to Europe anytime from this point on.

Tokenisation technology will be at the heart of new mobile payment solutions and has been hailed as one of the best data protection and fraud prevention methods available. The new service will be available for European financial institutions from mid-April 2015.

Although Europe has had contactless payment cards for several years, these currently transmit the actual card details to the terminal. Apple Pay, in contrast, transmits single-use codes which card companies can map back to the actual card, a functionality currently only available in the USA. As of mid-April, that functionality will be available in Europe too–at least for Visa cards…

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Samsung acquires LoopPay, looks to become an Apple Pay competitor

Posted by:
Date: Thursday, February 19th, 2015, 05:53
Category: Finance, News, retail

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It never hurts to be part of the payment infrastructure.

Only two months after rumors surfaced that Samsung was considering becoming an Apple Pay competitor, the South Korean conglomerate has reportedly acquired mobile payments startup LoopPay to bolster its efforts.

Samsung began talks with LoopPay in December to integrate the latter’s magnetic payment technology into next-generation Galaxy devices. That partnership has apparently turned into an acquisition, as noted by Re/code and the Wall Street Journal.

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