Tim Cook is set to rake in around $120 million in Apple stock this week, thanks to another year well done as Apple CEO.
Cook will receive a maximum of $560,000 shares on Friday. This is split into two separate awards: 280,000 shares for his continuing service as Apple’s chief executive, and another 280,000 on condition that Apple’s stock market return over the past three years exceeds two-thirds of the other stocks in the S&P 500.
A 23-year-old iPhone X customer in Bangkok has apologized after a shocking video of him punching a female retail store employee in the face went viral on social media.
The customer, called Kritpan Kitjit, supposedly became enraged after claiming his iPhone X’s Face ID feature did not work correctly. Kitjit demanded a replacement handset, but was denied due to the fact that the complaint didn’t hold up to inspection.
The App Store is a big money spinner for Apple, but that could change if more developers, helped by regulatory intervention, push back against the commission that Apple currently takes.
In a note to clients, Macquarie Research analyst Ben Schachter suggests that this could cost Apple up to $16 billion annually. This follows news that Netflix is currently experimenting with a way to circumvent the cash it has to pay Apple.
Jen Folse, the former Apple TV executive who is best known to Apple followers for her on-stage presentations at Apple events, has left the company for the startup Caffeine.
Caffeine is a social broadcasting platform for gaming, entertainment, and other artistic content. Folse will take the role as new Vice President of Product, helping to company to create its product roadmap, among other things.
Tim Cook has long talked about how he plans to give his entire fortune to charity — and a recent SEC filing shows that he’s living up to his word.
Recently, Apple’s CEO gave 23,215 Apple shares to an unspecified charity. At the current AAPL trading price, that’s almost $5 million.
Netflix is among the highest-grossing apps in the App Store, but that might not be the case for much longer. That’s because the video streaming company is supposedly looking for ways to bypass iTunes so as to save itself the money that it currently pays Apple.
The decision is at least partially linked to Apple’s efforts in producing its own original video content, which would make it a direct competitor to Netflix.
Apple’s worth a crazy amount of money these days, but what really separates it from previous eras is that it no longer lives or dies by one product. Look at any part of Apple’s business and you’ll find reasons to be optimistic.
The latest example of this comes from Bank of America, which bumped its price target on Apple stock from $230 to $250 a share. Why? Because the bank noticed that the App Store is booming — and not just in the category you might expect.
Apple may have just passed the $1 trillion mark, but it’s still looking for ways to save money. In its efforts to keep manufacturing costs as low as possible, the company is supposedly shifting production for its various devices from Taiwanese suppliers to Chinese ones.
You can now use Apple Pay at all 750 Costco warehouses across the United States. The retailer is also retrofitting its gas stations with contactless readers, although only a small number of these have so far gone live.
The latest snatch-and-grab Apple Store robbery didn’t turn out all that well for the thieves.
Over the weekend, the Apple Store at The Oaks mall in Thousand Oaks, California, was targeted by three men who walked in and began snatching products. But angry customers got involved, leading to all three would-be thieves being arrested.
It’s highly likely that we’ll see new Apple Watch Series 4 devices at next month’s Apple media event, and a new series of filings suggest that this is even more probable.
Filed with the Eurasian Economic Commission are six new model numbers for next-gen Apple Watches, all of which will run watchOS 5. While that doesn’t tell us too much about the new devices, it does suggest that they are on the way.
Apple has pulled a massive 25,000 apps from its Chinese App Store following state media complaints about the company. At least 4,000 of these were tagged with the word “gambling,” which is illegal in China outside of state-sanctioned lotteries.
“Gambling apps are illegal and not allowed on the App Store in China,” Apple said in a statement. “We have already removed many apps and developers for trying to distribute illegal gambling apps on our App Store, and we are vigilant in our efforts to find these and stop them from being on the App Store.”
The Apple Store in Leidseplein square, Amsterdam was evacuated Sunday afternoon as the result of an apparent overheating iPad battery.
While the lithium-ion battery in the device did not explode or begin visibly smoking, it supposedly began emitting vapors which led to three Apple Store employees being check over on site by ambulance personnel.
Google is planning to take on Amazon with its own screen-equipped smart speaker, a new report claims.
Amazon introduced its Amazon Echo Show in June 2017, followed by the smaller, cuter Amazon Echo Spot alarm clock a few months later in September 2017.
If you’re a Prince fan and an Apple Music subscriber, today is your lucky day! That’s because the Prince Estate and Sony’s Legacy Recordings have released 23 of the Purple One’s albums, covering the latter half of his career, on streaming services.
Apple could introduce three new iPhones, two new iPads and an entry-level MacBook at its September event, according to a new report based on supply chain info.
In addition to new details about the fall product lineup, the report also offers up a surprising prediction about Apple’s long-awaited AirPower wireless charger,
Apple has reassured customers that none of their private data was compromised after a 16-year-old teenager plead guilty to hacking into the company’s servers.
An Apple spokesperson said that, “[We] want to assure our customers that at no point during this incident was their personal data compromised.” The hacker in question managed to download 90 gigabytes of secure files.
Both of this year’s OLED iPhones will support the Apple Pencil, a new report suggests, citing “industry insiders.”
If true, this would represent the first time in Apple history in which the iPhone used a stylus, something that Steve Jobs was adamantly opposed to. Samsung’s iPhone rival, the Galaxy Note, has long shipped with a stylus called the S Pen.
The Roseville Police Department in California has released a photo of two of the thieves who robbed a local Apple Store this week.
The crooks stole 20 iPhones, two MacBook Pros, and one iPad mini. Fortunately no-one was hurt during the robbery, which involved no weapons.
An Australian teenager who repeatedly broke into Apple’s computer system is facing criminal charges after Apple contacted the FBI.
The teenager, who hasn’t been named for legal reasons, reportedly downloaded 90GB of secure files and accessed customer accounts. The information was uncovered in a raid on his family home in Melbourne, found in a computer folder called “Hacky hack hack.”
In case you hadn’t noticed, Apple’s enormous Apple Park HQ is a pretty architecturally ambitious place — and it’s continuing to underscore that point.
Accompanied by a message titled “Lunchtime at Apple Park just got a whole lot more exciting,” CEO Tim Cook has shared a time-lapse video of the giant motorized doors which have apparently just been unveiled at the Apple Park cafeteria. They’re pretty darn stunning!
Do you know your Sage from your Grape? How about your Bondi Blue from your Graphite? And who in their right mind could forget Flower Power or Blue Dalmatian? A new iMac museum exhibit will help you sort that all out.
If you know your Apple trivia, you’ll recognize all of those as “flavors” of the iconic iMac G3, which launched 20 years ago today. To celebrate the occasion, the Henry Ford Museum of American Innovation in Dearborn, Michigan, is showing off all 13 colors of the iconic “computer that saved Apple.”
The classic PC strategy game Rome: Total War is coming to iPhone — and you don’t have long to wait. Well, technically you may have been waiting since the game arrived on PC more than a decade ago, but it’s finally almost here. Honest!
Check out the eagerly anticipated trailer below, ahead of the game’s August 23 debut on iPhone.
Apple’s next-gen iPhones haven’t even been announced yet, but already a few rich folks are seemingly worried about how they’ll stand out from the pack with a boring old regular 2018 Apple handset. Fortunately, the gold-plating firm Goldgenie has a six or even seven-figure answer for them.
Currently available to pre-order are both the 5.8 and 6.5-inch OLED iPhones heavily rumored for next month — with a glitzy gold finish.
If a company made you $2.6 billion in a single day, you’d probably want to continue investing in it. That’s what Warren Buffett’s Berkshire Hathaway firm has done with Apple, according to its latest regulatory filing.
In the second quarter of 2018, Berkshire Hathaway boosted its stock in Apple by 5 percent, upping its holding from 239.6 million shares to 252 million. According to current valuation that means the firm’s Apple investment is worth around $47 billion.
