Page 8 - Apple Inc

US Justice Dept to sue Apple today over violations of antitrust laws

The coming case will mark the third time that the Justice Department has sued Apple for antitrust violations in the past 14 years, but it is the first case accusing the iPhone maker

Apple CEO Tim Cook visits Shanghai, with China sales under pressure

His visit comes after the iPhone maker announced that it would open a new retail store in the heart of the Chinese financial hub on Thursday

Warehouse developers scramble for land in India as firms look beyond China

Prime targets are firms looking to expand manufacturing facilities beyond China as tension with the United States and other countries takes off some of its shine

Apple to pay $490 mn for misleading investors about iPhone sales in China

Apple has agreed to pay USD 490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone's sales in China that culminated in a jarring revision to the company's revenue forecast. The preliminary settlement filed on Friday in Oakland, California, federal court stems from a shareholder lawsuit focused on the way Apple relayed information about how iPhone models released in September 2018 were performing in China, one of the company's biggest markets. Cook signalled that the new iPhones were off to a good start during an investor conference call in early November 2018, according to the complaint. That reassurance dissolved into a huge letdown on January 2, 2019 when the Cook issued a warning that Apple's revenue for the just-completed quarter would fall USD 9 billion below management's forecast for the period. What's more, virtually all of the sales drop was traced to weak demand in China. It marked the first time Apple had cut i

Global corporate dividends hit record $1.66 trn in 2023 amid bank payouts

The world's biggest dividend payers in 2023 were Microsoft , followed by Apple and Exxon Mobil

After decade-long odyssey, Apple to wind down its electric car effort

The Apple car team also has several hundred hardware engineers and vehicle designers. It's possible they will be able to apply for jobs on other Apple teams

Apple meets DOJ antitrust chief in last-ditch bid to avoid expected suit

Apple's App Store, which charges developers a commission of either 15% or 30%, has come under heavy criticism by developers and lawmakers

Workers at Apple supplier Flex stage one-day strike, seek wage hike

The workers requested wage raises for the next three years but could not reach an amicable resolution, according to the letter

Apple's longest-serving designer to depart company, adding to exodus

Bart Andre, who joined Apple in 1992 alongside Ive, told colleagues this month that he is retiring, according to people familiar with the matter

Apple defeats Khosla-backed AliveCor lawsuit over its smartwatch tech

Apple has said the meeting was like hundreds of others it has hosted with developers over the years, with no pretense of a partnership

Padma Bhushan for Young Liu embodies how Foxconn has grown roots in India

But to flower further, it may need to reduce dependence on Apple Inc

Apple to open iPhone to alternative app stores, lower fees in Europe

Apple has unveiled a sweeping plan to tear down some of the competitive barriers that it has built around its lucrative iPhone franchise. The announcement on Thursday comes as it moves to comply with upcoming European regulations aimed at giving consumers the choice to use alternative app stores. The overhaul, scheduled to take effect in early March, will include concessions that Apple had previously refused to make in its app store, including lowering the fees that it collects from developers in Europe. Most notably, Apple for the first time will allow iPhone users in Europe to switch to use app stores other than the company-operated one that comes installed on the mobile device. It will also enable enable developers to offer alternative payment systems that could help them make more money while potentially lowering their prices. But Apple says it believes opening up the iPhone to outsiders will also increase the chances that consumers venturing outside its proprietary system will

iPhone takes top spot in China for first time in 2023 despite challenges

The iPhone ranked first in shipments in the fourth quarter and 2023 overall, market tracker IDC said

Apple has to stop selling smartwatches with blood oxygen feature in US

The ruling means the company has to stop selling the watches with the oxygen measurement feature while an appeal of the ban plays out - a period that Apple believes could last a year or more

Apple dethrones Samsung as top phone maker for first time since 2010

The iPhone accounted for a fifth of the global market with close to 235 million shipments last year, research firm IDC estimates. Samsung, whose shipments slumped double-digits to 226.6 million

Apple Vision Pro to debut with over 150 3D movies from Disney and others

The Vision Pro is now available for pre-order in the US with sale kicking off from February 2. Ahead of the launch, Apple previewed the entertainment experiences launching with the mixed-reality heads

Apple to open US App Store to allow outside payment after SC decision

Both Apple and Fortnite maker Epic Games Inc. had asked the court to hear an appeal related to the case. The justices turned down the appeals without explanation

Apple to pull blood-oxygen tool from watches to avoid ban if appeal fails

The plan was disclosed Monday by Masimo Corp., which has been locked in a feud with Apple over patents related to the technology

Redesigned Apple watches not subject to import ban, says US customs

The import ban, issued by the U.S. International Trade Commission (ITC), applies to Apple's current Series 9 and Ultra 2 watches and initially went into effect on Dec. 26

Apple offers rare discount on iPhone 15 in China amid demand fears

Apple quietly introduced the savings on its official Chinese website on Monday. The deal runs from Jan. 18 to Jan. 21 ahead of the Lunar New Year shopping season