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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Yahoo sale price discounted by $250 million in wake of hacks

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Date: Thursday, February 16th, 2017, 05:23
Category: Finance, Hack, News

You pay less if the item you’re buying has a couple of dings on it.

Verizon is apparently close to purchasing Yahoo’s Internet properties for roughly $4.8 billion, a price that includes a $250 million discount after the revelation of security breaches at the web company.

Sources close to the store cited the discounted price as well as Yahoo’s possibly being renamed “Altaba Inc.”. An announcement of the new agreement could come in a matter of days or weeks, said the sources. The revised agreement isn’t final and could still change.

Yahoo said in December that cyberthieves in 2013 siphoned information including users’ e-mail addresses, scrambled account passwords and dates of birth. The stolen data may allow criminals to go after more sensitive personal information elsewhere online. The announcement followed news in September of a 2014 breach that affected at least 500 million customer accounts.

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Apple reports $78.4 billion in revenues, $17.9 billion profit for Q1 2017

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Date: Wednesday, February 1st, 2017, 05:29
Category: Apple, Finance, iPad, iPhone, News

Where Apple’s profits had been down in the past few quarters, the company came back hard in the Q1 2017 financial report. Apple on Tuesday posted quarterly revenue of $78.4 billion, setting an all-time record for the company with a total net profit was $17.9 billion.

The lion’s share of the profits came from the iPhone, which saw sales of 78.3 million units in the company’s first quarter of fiscal 2017. That was an increase from the 74.8 million iPhones the company sold in the same quarter a year ago, holding the record until now.

The Q1 timeline also included Apple’s December/holiday sales for the iPhone 7 and iPhone 7 Plus handsets.

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Apple to release Q1 2017 financial results on January 31st

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Date: Thursday, January 5th, 2017, 05:19
Category: Finance, iPhone, News, retail

Come January 31st, you’ll find out how profitable Apple’s last three months have been.

The company announced that come January 31st, it will announce its quarterly earnings for the first fiscal quarter of 2017, revealing performance metrics for the new iPhone 7 series and the lucrative holiday shopping season.

Announced through the company’s Investor Relations webpage, the upcoming results will be followed by a conference call live stream is set to take place on Tuesday, Jan. 31 at 2 p.m. Pacific, 5 p.m. Eastern. Apple CEO Tim Cook and CFO Luca Maestri are expected to attend the conference call.

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

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

idiotandcook

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

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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

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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

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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

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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

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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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