Warren Buffett’s Apple holdings are now worth more than $100 billion

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Buffett
Warren Buffet is Apple's biggest investor.
Photo: CNBC

Warren Buffett, the legendary investor and big-time Apple booster, now has a share of the company worth upward of $100 billion.

Even more impressive? Buffett’s firm Berkshire Hathaway reportedly spent on around $35 billion to secure its 5.7% stake in Apple. That’s a pretty darn great return on investment — and Apple’s only climbing higher.

Trump’s TikTok standoff could wind up hurting Apple

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U.S. investigations of TikTok gather steam.
Apple relies on both the U.S. and China.
Photo: Kon Karampelas/Unsplash CC

President Donald Trump’s dispute with TikTok and other Chinese tech companies could wind up hurting Apple.

Trump threatened to ban TikTok from the United States if Beijing tech company ByteDance does not sell the app by Sept. 15. (Microsoft is in talks to acquire TikTok. Apple on Tuesday shot down a rumor that it was interested in buying the social media company.)

According to multiple reports, China could respond to the United States’ “bullying” over TikTok by hitting back in its own way. The language in the reports, some of which come from government-backed Chinese newspapers, is vague. However, others suggest Apple could be an obvious target of China’s wrath.

Today in Apple history: Steve Jobs acknowledges MobileMe failure

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MobileMepic
MobileMe was the failed precursor to iCloud.
Photo: Apple

August 4: Today in Apple history: Steve Jobs acknowledges MobileMe failure August 4, 2008: Steve Jobs owns up to mistakes in launching MobileMe, spinning Apple’s bungled cloud service rollout as a learning opportunity.

“It was a mistake to launch MobileMe at the same time as iPhone 3G, iPhone 2.0 software and the App Store,” Jobs writes in an email to Apple employees. “We all had more than enough to do, and MobileMe could have been delayed without consequence.”

Apple creating China-based supply chain exclusively for local market

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Apple is rethinking its supply chain.
Photo: Apple

Apple is reportedly putting together a supply chain consisting of exclusively Chinese manufacturers to build iPhones for the China market.

This is at the same time that Apple is trying to expand its supply chain. That is partly so as to lessen its reliance on China. Apple has also been building iPhones in India which are aimed at the local market there.

ProtonMail developer says Apple is a ‘monopoly’ that crushes competition

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ProtonMail app
ProtonMail is the latest company to take issues with Apple's App Store policies.
Photo: ProtonMail

The makers of secure email service ProtonMail are the latest developers to speak out about Apple’s control of the App Store.

In a blog post published Monday, founder and CEO Andy Yen wrote that Apple has become a “monopoly, crushing potential competitors with exploitative fees and conducting censorship on behalf of dictators.”

iPhone 12 could get two separate releases

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An iPhone 12 concept video shows off lots of color options.
Apple could release the iPhone 12 in two phases this year.https://www.macrumors.com/2020/08/03/apple-may-launch-iphone-12-in-stages/
Photo: Terquosive Labs

The iPhone 12 release could be staggered, with certain models going on sale before others, a new report from Digitimes suggests.

This year, Apple is expected to release four iPhone models. These are likely to include a regular iPhone 12 in 5.4-inch and 6.1-inch models, and an iPhone 12 Pro in 6.1-inch and 6.7-inch variants.

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birthday
This was one of the top games of the quarter.
Photo: Niantic