ICBC confirms February 18th launch for Apple Pay in China

Posted by:
Date: Tuesday, February 16th, 2016, 08:27
Category: Apple Pay, Finance, News

applepayicon

You can’t land a much bigger whale than the Chinese financial marketplace.

And it looks like Apple is headed there with Apple Pay.

Industrial and Commercial Bank of China has confirmed earlier reports that Apple Pay would launch in China this week, its social media posts stating that its service will go live on Thursday, February 18th. A further 18 lenders are signed up to the service, China Guangfa Bank Co and China Construction Bank Corp, will launch on the same day as ICBC.

(more…)

Google posts record profits, highlights Alphabet holding company details

Posted by:
Date: Monday, February 1st, 2016, 14:26
Category: Finance, Google, News

newgooglelogo

Google just turned in some amazing quarterly numbers.

Alphabet, Google’s holding company, reported its fourth quarter earnings on Monday, the first ever in two segments, with separate figures its core business and its motley moonshots.

Google altogether beat expectations, reporting net revenue, minus partner site payout, of $17.3 billion on $8.67 earnings per share. Wall Street was looking for something around $16.9 billion on $8.10 in profit.

More important to Wall Street’s concerns, Google was able to show a meaty profit margin, especially when its costly venture projects are stripped away.

(more…)

Rumor: Bank of America, Wells Fargo, building Apple Pay support into ATMs

Posted by:
Date: Friday, January 29th, 2016, 08:48
Category: Apple Pay, Finance, Hardware, Rumor

applepayicon

Apple Pay is coming to assorted Bank of America and Wells Fargo ATMS.

An anonymous source close to the story has stated that Bank of America and Wells Fargo are working on implementing Apple Pay into their ATMs. Both companies are said to have engineers working on the technology that would likely allow Apple Pay to be used at an ATM in place of a physical debit card.

When questioned about the possibility of Apple Pay at ATMs, Wells Fargo head of ATMs Jonathan Velline suggested the information was accurate and that Wells Fargo was working on adding support for mobile wallets that would meet all of its customers needs.

(more…)

Apple announces $75.9 in revenue, $18.4 billion profit for Q1 2016

Posted by:
Date: Tuesday, January 26th, 2016, 14:37
Category: Apple Watch, Finance, iPad, iPhone, News

applelogo1

It’s hard to argue with an $18.4 billion profit.

This is what Apple had to announce for its Q1 numbers, the company citing an $18.4 billion profit on $75.9 billion in revenue.

During the conference call, Apple cited 74.7 million iPhones sold, 16.1 million iPads sold, and 5.3 million Macs sold. Although the October through December period was probably a stacked quarter for Apple Watches sales, the company doesn’t break out category sales for that product for “competitive” reasons.

(more…)

Leaked memo indicates that Barclays will support Apple Pay by April

Posted by:
Date: Tuesday, January 26th, 2016, 08:21
Category: Apple Pay, Finance, News

barclayslogo

U.K. bank Barclays has confirmed that it will launch Apple Pay within the next 45 to 60 days, based on a two-week-old email dated January 12, suggesting the bank will support the iPhone-based mobile payments service by no later than March 28.

The launch date was released by Barclays CEO of Personal and Corporate Banking Ashok Vaswani in what appears to be a legitimate email sent to customer Oli Foster-Burnell. The executive has emailed customers about Apple Pay in the past.

(more…)

Apple retail chief Ahrendts snags $25.8 in salary, stock and bonuses for 2015 financial year

Posted by:
Date: Friday, January 8th, 2016, 08:04
Category: Finance, News, retail

Angela-Ahrendts-060611

If you ever doubted the power of corporate bonuses, keep in mind that Apple retail chief Angela Ahrendts just made almost $25.8 million in compensation last year, according to a regulatory filing.

Ahrendts, who draws a $1 million base salary, has also been awarded a $20 million stock grant, a $4 million bonus and relocation expenses of $474,981.

This is down from $73.4 million in 2014, in which Ahrendts was offered $37 million to compensate her for the value of the Burberry stock that she walked away from in accepting the Apple job, plus a new-hire stock allocation valued at $33 million.

(more…)

Apple purchases Emotient, speculation rises as to facial analysis possibilities

Posted by:
Date: Friday, January 8th, 2016, 08:12
Category: Finance, News, Software

applelogo1

It’s hard to say what Apple plans to do with the small companies it invariably buys, but the speculation gets interesting.

Most recently, Apple has purchased Emotient Inc., A startup that uses artificial-intelligence technology to read people’s emotions by analyzing facial expressions.

Emotient itself has been sold to advertisers to help assess viewer reactions to their ads as well as tested by doctors to interpret signs of pain among patients unable to express themselves, and a retailer used it to monitor shoppers’ facial expressions in store aisles, the company had said.

(more…)

Apple posts record earnings of more than $1.1 billion in App Store sales over 2015 holiday season

Posted by:
Date: Thursday, January 7th, 2016, 07:48
Category: App Store, Apple TV, Apple Watch, Finance, News

appstorelogo

The numbers are in and Apple had a killer 2015 holiday season on the App Store, customers spending over $1.1 billion on apps and in-app purchases over a two week period and $144 million in App Store spending on January 1st.

The total beat last year’s record in terms of gross purchases.

(more…)

AT&T confirms move away from two-year contracts, iPhone subsidies beginning January 8th, 2016

Posted by:
Date: Thursday, December 31st, 2015, 08:58
Category: Finance, iPhone, News, wireless

attlogosmall

This will change your relationship with AT&T a bit.

Starting on January 8, 2016, AT&T will introduce a “pricing simplification effort” that will see the end of device subsidies and two-year contracts. According to an internal training document shared by Engadget, new and existing AT&T customers will only be able to purchase a smartphone at full price or with an AT&T Next payment plan going forward.

The leaked document states that the new rules apply to all of the phones AT&T sells, including smartphones, which will be paid for with new installment plans. Corporate users are said to be able to continue making two-year contract purchases, although it looks like this will change for the consumer market.

(more…)

Apple purchases former semiconductor plant in North San Jose

Posted by:
Date: Tuesday, December 15th, 2015, 08:01
Category: Finance, News

applelogo1

The Apple Real Estate Extravaganza continues, Apple apparently snagging a a former chip fab in North San Jose. The deal reportedly went through last week and saw Apple pay $18.2 million for the 70,000 square foot building.

Prior to the purchase, the plant had been a manufacturing plant for semiconductor company Maxim Integrated Products. The real estate description stated that the site was well suited for “prototype, pilot, and low-volume manufacturing.” The space, however, is too small for any serious manufacturing. Maxim purchased the facility in 1997 from Samsung, but later shuttered it as it pulled out of the consumer electronic business.

(more…)