According to The New York Times, Apple is going to undercut its future competitors in respect of royalty rates for its upcoming streaming music service, offering a rate that is just half as large as the rate paid by Pandora despite speculations that Apple is planning to offer more flexibility than allowed by the Pandora’s license. The report said:
According to Reuters, Intel is likely to move into contract manufacturing business, which suggests that Apple could become its future customer with chips for the iPad and iPhone, thus reducing its reliance on Samsung as a supplier. Reportedly, last year Intel and Apple executives discussed the issue, but no agreement has been concluded.
Today Apple received a 2009 patentapplication. It allows users to control the device by pressing or squeezing parts of the cover. Illustration of a range of different devices in the patent reveals potentially sensitive to touch areas.
Today Google updated its Google Maps app for iOS with version 1.1. This is the first update since the company released its standalone app in December after Apple replaced Google’s Maps app with its mapping solution in iOS 6.
The update brings several improvements to Google Maps, including easier searching for local places and integrations with Google Contacts.
According to Bloomberg's report, Apple’s rumored smartwatch could launch this year.
Bloomberg claims citing a person familiar with Apple’s plans that features under considerations for the device include allowing users to make calls, check map coordinates and see the identity of incoming callers. The device could also include sensors for monitoring health data, such as heart rate, and a pedometer for counting steps.
A five-year-old boy from the UK accidentally made a purchase in the amount of £ 1700 ($2550) in just 15 minutes. This was happened after he asked his father to enter the password for the free download, reports BBC (via Gizmodo).
Earlier this month The New York Timessaid that Apple is working on a smart watch with curved display that could make use of Corning’s flexible Willow Glass. Today Bloomberg reported that Corning believes it will likely take at least three years before devices with bendable Willow Glass displays can hit the market.
The Fortune’s ranking is based on a extensive poll of industry analysts, corporate executives and directors who ranked companies by nine key attributes: Use of corporate assets, People management, Financial soundness, Innovation, Social responsibility, Quality of management, Financial soundness, Quality of management, Long-term investment, Global competitiveness and Quality of products/services. Apple scored the number one spot in all nine categories.
Streaming music service Pandora will limit the time for listeners to 40 hours of free listening per month, the company announced in a blog post. This decision was taken as a result of the increasing of license fees, which the company must pay to record companies.