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.
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.
Fortune has ranked Apple as the no. 1 most profitable company in the world, with a massive $45.7 billion in 2016 profit on revenue of $215 billion.
By comparison, Walmart brought in $485 billion in revenue — but took “only” $13.6 billion in revenue.
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 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 just set an all-new record for the most App Store revenue brought in from one country in a quarter. Only instead of the United States taking the top spot, China is now Apple’s most profitable market for apps.
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.
Apple CEO Tim Cook is taking advantage of the monstrous bonus he unlocked on his fifth anniversary at the helm of Apple by selling 334,000 shares for a big payday.
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 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.
