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.
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.
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 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.
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.”
Spending on mobile games in the App Store grew significantly over the past quarter, despite the coronavirus pandemic, a new report by Sensor Tower claims. Across the App Store and Google Play, global spending grew 27% year-over-year in the second quarter of 2020 to hit $19.3 billion.
Of the total revenue, the App Store made up $11.6 billion to Google Play’s $7.7 billion. That’s even though the App Store only making up a tiny 2.7 billion of the overall 15.1 billion app downloads in the quarter. As ever, the App Store is where the lion’s share of profits is to be made!