China Is Not Impressed With The iPhone 5c



Over and over again over, most of the pre-launch chatter about the iPhone 5c was that this was Apple’s “budget” iPhone, meant to help Cupertino squeeze into the mid-range, and especially penetrate the emerging market in countries like China by being released at a price around $349.

So imagine China’s surprise when it turned out that the iPhone 5c wasn’t meant to be any more of a budget iPhone than the year-old iPhones Apple has sold before. In fact, in China, an iPhone 5c will cost, in dollars, more than what an iPhone 5s would cost an American unsubsididized. And the Chinese are underwhelmed, to say the least.

Tim Cook: Declining AAPL Price Over Past Few Quarters Has Been Very Frustrating


Apple CEO Tim Cook showed his imprint on Apple during the company's financial call
Apple CEO Tim Cook showed his imprint on Apple during the company's financial call

Apple just released its Q2 2013 Financial results, and even though Apple beat its own estimates, Tim Cook started the Quarterly Financial Call on the defensive.

Cook started the call by explaining how exceptional Apple’s 2012 financial results were for Apple, so it’s hard for the company to improve sales this quarter. Then Cook commented on Apple’s struggling stock price by saying he’s “very frustrated” with the stock’s declining value the last few quarters, but they’re staying focused on the future.

Hoping to appease investors, Apple announced today that it will payback $100 billion to investors by 2015. Apple has yet to release a major product in 2013, but Cook reassured investors that Apple can’t wait to release new hardware and software this Fall and throughout 2014.

Apple Announces Faster Processors, Lower Prices For Retina MacBook Pro, MacBook Air



Apple has today announced that it has updated its 13- and 15-inch Retina MacBook Pro to add faster processors and lower prices. The 13-inch model now starts at $1,499 with 128GB of flash storage, rising to $1,699 for a new 2.6GHz processor and 256GB of flash.

The 15-inch model now offers a faster 2.4GHz quad-core processor as standard, while the top-of-the-line model gets a new 2.7GHz quad-core processor and 16GB of memory.