money

Avoid blowing your budget this holiday season with this app [Deals]

By

Get a bird's eye view of your spending without the need to sync with your bank account.
Get a bird's eye view of your spending without the need to sync with your bank account.
Photo: Cult of Mac Deals

It’s easy to lose track of spending during the holidays. As the gift wrapping stack up, a lot of us could use a little help keeping an eye on the bottom line. But no matter the time of year, financial discipline is something everyone can benefit from.

App Store revenue could take big hit if developers fight Apple’s cut

By

Apple waives developer fees for nonprofits, others in 8 additional countries
Apple's App Store cash cow may not last forever.
Illustration: Ste Smith/Cult of Mac

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.

Apple closes in on $1 trillion market cap

By

European Commission could get even tougher on tech in 2020
Warren Buffet wants to buy 100% of Apple.
Photo: Ste Smith/Cult of Mac

The race to become the world’s first $1 trillion company is nearly complete with Apple share prices soaring on the stock market today.

Trading of AAPL stock hit 187.60 per share during the morning trading hours today, putting the company just $55 billion under the coveted $1 trillion market cap mark.

Angry Birds Champions lets you battle it out for real cash

By

Angry Birds
Do you have what it takes to cash in on Angry Birds?
Photo: Rovio

Get your flinging fingers ready for a new Angry Birds game that lets you battle it out for real cash.

Angry Birds Champions is an officially-licensed spin-off from WorldWinner. It’s everything you love about Angry Birds, but with the chance to compete against other players and get paid for smashing those pesky pigs.

Tim Cook wants to see money die

By

Tim Cook at Apple iPhone X event
Tim Cook hates cash.
Photo: Apple

The end of money can’t come soon enough for Apple CEO Tim Cook.

During Apple’s annual shareholders meeting today, Cook told investors that mobile payments like Apple Pay haven’t taken off quite as fast as hoped. However, he said he sees promising signs that the death of cash could soon be upon us.

Apple Pay Cash finally arrives in iOS 11.2 public beta 2

By

Apple Pay
You can now send friends money via iMessage.
Photo: Apple

The future of digital payments has finally arrived on the iPhone. Sort of.

Apple’s new peer-to-peer payments system called Apple Pay Cash is finally rolling out to public beta testers today with the release of the public beta for iOS 11.2 beta 2 and watchOS 4.2 beta 2, giving iPhone and iPad users the ability to send money to each other electronically.

Google’s most underrated app finally comes to iPhone

By

Google Opinion Rewards
Google Opinion Rewards pays real cash for your opinion.
Photo: Google

Google Opinion Rewards, the company’s most underrated app, has finally landed on iPhone.

For the first time, iOS users have the chance to answer surveys that earn them real cash. More than 10 million people are already using the service on Android.

Wells Fargo brings Apple Pay to 5,000 ATMs

By

Wells Fargo is embracing Apple Pay at its ATMs.
Wells Fargo is embracing Apple Pay at its ATMs.
Photo: Mike Mozart/Flickr CC

One of the largest banks in the U.S. is embracing Apple Pay and contactless payments by finally adding it to its ATMs across the country.

Wells Fargo revealed today that more than 5,000 of its ATMs have been upgraded recently to support Apple Pay, allowing customers to get cash without having to carry around a physical debit or credit card.

Apple posts its second-highest Q3 earnings ever

By

Apple raked in the cash last quarter.
Apple raked in the cash last quarter.
Photo: Jim Merithew/Cult of Mac

Investors found a lot to be happy about in Apple’s latest earnings report, which was released by the company this afternoon. While Apple didn’t shatter any records, the company beat expectations for the quarter with a total of $45.5 billion in revenue.

That’s well ahead of Wall Street’s expectation of $43.5 billion. iPad sales proved one of the biggest surprises of the quarter, with shipments rising 15 percent year-over-year. Apple CEO Tim Cook was definitely happy with the results.

Apple grabs lion’s share of 2016 smartphone profits

By

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.

Ireland preps to appeal Apple tax case this week

By

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

By

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

By

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

By

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.

The 5 biggest takeaways from Apple’s biggest quarter ever

By

It's a veritable tornado of cash!
It's a veritable tornado of cash!
Photo: PublicDomainPictures/Pixabay

Apple reported record revenue during its earnings call Tuesday, but Tim Cook almost sounded like he was channeling Game of Thrones characters. He didn’t actually say “winter is coming,” but he might as well have.

Revenue is high for now, but iPhone sales are slowing down, the iPad continues to underperform and — most troublesome of all — the global economy will continue to play havoc with Apple’s bottom line.

Still, Cook and Co. remain optimistic about Apple’s ability to continue its world-beating performance. Here are five of the biggest takeaways we got from Apple’s Q1 2016 earnings call today with Cook and Apple CFO Luca Maestri.

Angry Birds lose a few feathers in first revenue drop

By

It's hard out there on a pig. Photo: Rovio Entertainment
It's hard out there on a pig. Photo: Rovio Entertainment

It’s tough at the top.

Mobile video game publisher Rovio Entertainment detailed Thursday its first revenue drop since the Finnish company hit it big with the Angry Birds franchise in 2009.

Perhaps the saturation of the market with no less than 11 Angry Birds-themed games since then (and three spin-offs) and way too many toys and animation projects has something to do with the loss of revenue, down 9 percent to $170.6 million in 2014.

Of course, as Rovio’s mobile gaming business did rise a bit (16 percent), making the overall drop in revenue that more incredible, the company seems to be focused on doubling-down on its mobile game offerings.

“2014 results show that steps in the game portfolio, free to play competency building and advertising are going in the right direction. I am confident that with new simplified organisation and clearer vision, we will be back to the path of growth in 2015,” said CEO Pekka Rantala in a statement.

Apple’s massive cash hoard makes it richer than 141 countries

By

apple-2
All hail the Apple Empire.

It’s hard to truly understand Apple’s astronomical size until you put things into context. With $178 billion in cash as of last quarter, you can start easily comparing the company to the gross domestic product (GDP) of large countries.

In fact, Apple would be the world’s 55th richest country right now, according to the latest data from World Bank.