Apple-backed startup fund loses $8.9 billion in 3 months

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International governments plan to rethink tax rules for the ‘digital age’
Apple invested $1 billion in the fund in 2017.
Photo: Pixabay/Pexels CC

A $100 billion SoftBank Vision Fund that Apple invested in has published a quarterly loss of $8.9 billion. The fund backs promising (or seemingly promising) startups.

SoftBank Group founder, chairman and CEO Masayoshi Son announced the disappointing returns today. “My investment judgment was poor,” Son said.

We probably know when Apple will introduce the iPhone 11

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iPhone 11R and 11 Max on wooden railing
You haven't got too much longer to wait!
Photo: Ian Fuchs/Cult of Mac

The iPhone 11 could be in your hands in just 45 days, the president of Japanese telecommunications company SoftBank may have accidentally revealed.

Speaking at an investor event over the weekend, SoftBank President Ken Miyauchi suggested that the new iPhone will be available September 20.

How Apple sidestepped Japan’s antitrust rules

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Apple Japan required carriers to subsidize iPhone
Apple Japan used contracts to require carriers to subsidize iPhone prices.
Photo: Apple

Apple got a bit pushy with Japan’s wireless service providers, and was slapped down by regulators as a result.

The iPhone maker was requiring the carriers to put subsidies on iOS handsets. The Japanese Fair Trade Commission decided that was a violation of Japan’s antitrust rules.

T-Mobile and Sprint begin informal merger talks

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t-mobile
T-Mobile CEO John Legere is trying to make is carrier relevant again.
Photo: T-Mobile

A merger between Sprint and T-Mobile could be back on the table, according to a new report that claims informal talks between the two carriers sparked up again this week.

Sprint attempted to acquire T-Mobile back in 2014 but the deal fell apart because of regulatory concerns. Now the heads of both companies have expressed to investors that they’re willing to consider consolidating again.

Apple invests $1 billion in world’s biggest tech fund

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tim cook in a car
Apple invested $1 billion in Didi Chuxing last year.
Photo: Tim Cook/Twitter

Apple confirmed today that is getting into the venture capital game by investing in one of the world’s largest tech funds.

SoftBank’s new Vision Fund received $1 billion from Apple, according to a company spokesperson that revealed the company is investing in the $100 billion fund to gain access to future technology.

iPhone chip designer ARM to be snapped up for $32 billion

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money
ARM just sold for an arm and a leg.
Photo: Ste Smith/Cult of Mac

ARM Holdings, a.k.a. the company responsible for the mobile processor architecture which powers the iPhone and iPad, looks set to be bought by Japan’s SoftBank for an eye-watering (iWatering?) $32 billion, it has confirmed.

ARM’s board will recommend that shareholders accept the deal, which represents 43 percent over the company’s closing market value as per Friday. The news caused shares in ARM to leap up by 45 percent to 1,742.85p per share when the London Stock Exchange opened this morning.

iPhone 5S & iPhone 5C Coming To Japan September 20th [Report]

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Just to put the following report in the proper perspective, let’s start out by saying that two months ago — just two days after Apple debuted iOS 7 at WWDC 2013 — we predicted that the iPhone 5S would be released on September 20th later this year, after debuting ten days earlier.

How did we come up with that date? It was easy. We looked at what Apple had done in previous iPhone launches, and then took a look at the calendar for 2013. No soothsaying, no mysterious sources. It was as simple as that.

So when Japan’s largest industry newspaper, Nikkei, starts reporting that Apple will release the iPhone 5S and 5C on (yup) September 20th, you have to ask yourselves. Do they actually know? Or are they just fudging it?

Dish Network Looks To Acquire Sprint For $25.5 Billion

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Satellite TV provider Dish Network is looking to derail Sprint’s deal with SoftBank and acquire the carrier with a $25.5 billion bid. Dish has offered $17.3bn in cash and $8.2bn in stock for 100% of Sprint shares, and the company argues that the deal represents a 13% premium over SoftBanks “complicated” bid to acquire 70% for $20.1 billion.