All items tagged with "Apple"

Ireland plans to close tax loophole that helped Apple save billions

Photo: The Dark Knight

Photo: The Dark Knight

Ireland will apparently announce plans to phase out its “Double Irish” tax arrangement that has allowed companies like Apple and Google to save billions, according to a Reuters report citing sources familiar with the matter.

Over the past 18 months, the country has been criticized by both the United States and Europe for tax loopholes that let companies slash their overseas tax rate to single digits. Preliminary findings by the European Commission recently slammed a “sweetheart” tax deal on the part of Ireland that allowed Apple to avoid paying taxes by building up a massive offshore cash pile of $137.7 billion in the country.

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Bankrupt Apple supplier wants to close sapphire plant after less than 1 year

Sapphire is used to protect the iPhone's rear-facing iSight camera. Photo: Jim Merithew/Cult of Mac

Sapphire is used to protect the iPhone’s rear-facing iSight camera. Photo: Jim Merithew/Cult of Mac

GT Advanced Technologies is apparently getting out of the sapphire production game, after filing for Chapter 11 bankruptcy protection at the start of this week.

As reported by Re/code and the Wall Street Journal, the beleaguered company is asking the court’s permission to “wind down” operations at its sapphire manufacturing plant in Arizona — and, yes, for those keep track, that does come less than one year after the company first announced its game-changing deal with Apple.

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ICYMI: Remembering Steve, new iPads are coming, and more

Issue 58 brings some memories of Steve, products we'd like to see updated, and more! Cover: Rob LeFebvre/Cult of Mac

Issue 58 brings some memories of Steve, products we’d like to see updated, and more! Cover: Rob LeFebvre/Cult of Mac

It’s that time of the week again — all of Cult of Mac’s best news stories and features, compiled in one place to peruse easily on your iPad or iPhone. This week we’ve got heartfelt remembrances of Steve Jobs, some products we’d like to see updated along with the coming new iPads, a look at upcoming Twin Peaks in our modern era, and some hard lessons learned in running the top iPad magazine. Plus, some great new apps to look at and a reminder that the iPhone 6 continues to sell like, well, iPhones.

Dig into Cult of Mac Magazine October 10 Edition, Free on iTunes

Apple’s sapphire supplier wants to keep bankruptcy details under wraps

Sapphire is used to protect the iPhone's rear-facing iSight camera, as well as its Touch ID Home button. Photo: Jim Merithew/Cult of Mac

Sapphire is used to protect the iPhone’s rear-facing iSight camera. Photo: Jim Merithew/Cult of Mac

How GT Advanced Technologies could have filed for bankruptcy, despite Apple’s best efforts to prop it up, is still something of a mystery — and it’ll stay like that if the company gets its way.

According to a Reuters report, GT Advanced has requested that the New Hampshire bankruptcy court currently overseeing its case put the kibosh on releasing key documents related to a “third party,” claiming that this would allow it avoid paying damages thanks to confidentiality agreements.

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Apple named world’s most valuable brand for second year running

Photo: GDS-Productions/Flickr

Photo: GDS-Productions/Flickr CC

Apple has retained its position as the world’s most valuable brand, according to the latest Interbrand’s Best Global Brands report. Last year Cupertino seized the No. 1 spot from Coca-Cola, a company 90 years older than Apple.

The report valued Apple’s brand at a whopping $118.9 billion, compared to the $100 billion it was valued at in 2013. In doing so it beat out Google, Coca-Cola, IBM and Microsoft, which filled out the remaining top five spots on the list.

Other tech companies which ranked highly on the top 100 list included Samsung (No. 7), Intel (No. 12), Cisco (No. 14), Amazon (No. 15) and Facebook (No. 29).

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The latest iOS 8.1 beta hints the next iPad could come with a Super Retina display

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Before the iPhone 6 was officially announced, developers confirmed the higher resolution of the iPhone 6 by examining the beta for iOS 8, specifically in the way apps would prefer to load a 3x image over the 2x image on existing Retina Devices.

Now the iOS 8.1 beta is out, and developers are discovering that it will similarly call up 3x versions of many iPad UI assets, implying that the iPad could be seeing a resolution bump sometime soon.

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A colorful theory about what Apple will announce on October 16th

Could this image be the key to what Apple will announce on October 16th?

Could this image be the key to what Apple will announce on October 16th?

In Apple’s invitation to the company’s October 16th Town Hall event at its Cupertino headquarters, the company’s tagline is: “It’s been way too long.”

This has prompted a lot of speculation. It hasn’t been too long since Apple’s last event, which was just a month ago. And there aren’t that many other Apple products that we haven’t seen updated in the last year, with the exception of Thunderbolt displays, which frankly aren’t important enough to reference in an Apple tagline that the whole world will scrutinize.

But here’s a good theory. What if the tagline doesn’t reference a single product, but a variation of product? What if we’re about to see the return of colored Macs?

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Bullish investor Carl Icahn promises open letter to Tim Cook tomorrow

Credit: Tactus.com

Credit: Tactus.com

Bullish activist-investor Carl Icahn is back again! In a tweet sent earlier today, Icahn noted that he plans to send Tim Cook an open letter tomorrow. The contents of this letter are unknown, but Icahn promises it will be “interesting,” to say the least.

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Apple withheld $139 million payment to sapphire supplier

It's the rumor pretty much every Apple analysts and blogger in the world predicted for the last 8 months and everyone got it wrong.

New details have emerged about the surprise bankruptcy protection filing of GT Advanced Technologies, a.k.a. the company that was supplying Apple with its sapphire.

As per the Wall Street Journal, Apple agreed to lend GT Advanced a total of $578 million to help get its large sapphire factory in Arizona up and running, only for Cupertino to withhold the final $139 million payment it was due to make, for reasons which aren’t yet clear, but likely relate to the company’s failure to deliver sapphire to Apple’s satisfaction.

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6 ways Apple could make the iPhone better than big

6 ways Apple could make the iPhone better than big

The iPhone 6 received rave reviews when Apple unveiled it at the Flint Center last month, but not many people have been eager to talk about it’s shortcomings, until now.

In today’s Cult of Mac video we breakdown the biggest disappointments iPhone 6 users have griped about since the device went on sale two weeks ago. What should Apple improve to make the phone better? Find out what the next generation iPhone still needs and more in this informative video.

Subscribe to Cult of Mac TV to catch all our latest videos.