Category: Finance

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Apple announces $33.9 billion profit on $119.6 billion in revenue for Q1 2024 results

You can’t sneeze at a quarterly profit of $33.9 billion. Apple on Thursday announced its Q1 quarterly results, which correspond to the fourth quarter of 2023. During the announcement, the company posted revenue of $119.6 billion and net quarterly profit of $33.9 billion, or $2.18 per diluted share, compared to revenue of $117.2 billion and […]

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Details surface as to Apple’s recent settlement in its Family Sharing lawsuit and compensation distribution

Apple has begun to settle a class-action lawsuit regarding its Family Sharing feature for a sum of $25 million. The Walter Peters class-action lawsuit alleges that Apple misled users with advertising until 2019 which made it appear the Family Sharing feature was available for apps that didn’t support it. Per the lawsuit, “Apple has made […]

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Apple Watch import ban paused by appeals court following emergency request

This is why you have a legal department. The ban on imports of Apple Watch Series 9 and Apple Watch Ultra 2 units was paused on Tuesday, allowing for the devices to go back on sale for a short while longer within the United States. Apple filed an emergency request to the United States Court […]

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Apple and Goldman Sachs to dissolve Apple Card financial relationship in 12 to 15 months

Sometimes incredibly complex premium credit card banking and finance deals don’t work out in the long run. Per the Wall Street Journal, Apple will be ending its Apple Card credit card partnership with Goldman Sachs within the next 12 to 15 months. It’s unknown as to whether Apple has established a new partnership for the […]

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Australia to enact additional legislation and protection laws around Apple Pay and other digital payment platforms

Come Wednesday, Apple Pay and other forms of digital payment will be getting some legislation placed around them in the land down under. According to Reuters, digital payment platforms will begin to receive the same level of regulatory oversight as credit cards in Australia. Australia has attempted to try and regulate digital wallet apps and […]