Apple grabs lion’s share of 2016 smartphone profits

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Samsung
Samsung got dominated by Apple in 2016.
Photo: Jim Merithew/Cult of Mac

When it comes to making money off of smartphones, no company is doing it as well as Apple.

The latest data on profits made by smartphone manufacturers reveals that while the iPhone doesn’t dominate the global marketshare, it takes home nearly all of the profits.

Today in Apple history: Apple goes public

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Apple earnings are on the way.
December 12, 1980, was an incredibly important day for Apple.
Photo: Ste Smith/Cult of Mac/401Calculator

Dec12December 12, 1980: Apple goes public as it floats 4.6 million shares on the stock market for the first time.

In the biggest tech IPO of its day, more than 40 out of 1,000 Apple employees become instant millionaires. As Apple’s biggest shareholder, 25-year-old Steve Jobs ends the day with a net worth of $217 million.

Ireland preps to appeal Apple tax case this week

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money
Apple has been criticized for its tax structure.
Photo: Jim Merithew/Cult of Mac

Ireland is set to submit its formal appeal of a European Commission ruling that claimed Apple owes the country more than $14 billion in unpaid taxes.

The controversial tax ruling has been opposed by Irish citizens, a majority of whom say they don’t want Apple’s money. Ireland’s Finance Minister Michael Noonan said today that the country’s government has no choice but to appeal.

Apple scores $119.6 million from Samsung in ‘slide to unlock’ lawsuit

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iOS and Android are killing off the competition.
Samsung vs Apple lawsuits will never end.
Photo: Ste Smith/Cult of Mac

The U.S. Court of Appeals gave Apple another victory today in its five-year-long legal battle with Samsung.

Apple won its appeal in an 8-3 ruling that reinstated a previous patent-infringement verdict that awarded the company $119.6 million. The judges in the case said it was wrong for the three-judge panel to throw out the verdict in February and suggested Apple could be owed even more money.

Want to sell your iPhone? Better do it soon

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It's a great time to convert your Apple gear into cash.
It's a great time to convert your Apple gear into cash.
Photo: Ste Smith/Cult of Mac

Although WWDC is mostly software focused, it’s also significant reminder that Apple is always moving forward with new devices and other big announcements on the horizon.

Unfortunately for us Apple addicts that means you have to be prepared to shell cash when Apple busts out a surprise ‘One more thing…’ announcement, but it turns out Apple devices are a really good way to recoup some of those costs.

Apple will defend its tax deals against E.U. this week

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money
Apple's tax investigations are continuing.
Photo: Ste Smith/Cult of Mac

Apple will join multinationals Google, McDonald’s and IKEA in defending its European tax deals against E.U. lawmakers this Wednesday.

The hearing concerns whether or not giants like Apple are receiving illegally favorable tax deals, which give them an unfair advantage over local businesses.