The Oakland Tribune reports (via MercuryNews) that Apple concluded a deal with developer Peery Arrillaga for constructing a campus consisting from two buildings in Santa Clara, California, a short distance from Apple’s headquarters in Cupertino. The report said:
Today Reuters reported, citing Japanese business newspaper Nikkey, that Sharp will provide its technology to Foxconn’s parent company Hon Hai for a new plant in Chengdu, China that will produce displays for Apple’s devices. The move follows the agreement between Sharp and Foxconn in March that saw Hon Hai investing 844$ million in new Sharp’s shares for 11% stake of the company. Reuters said:
Yesterday Fair Labor Association published the results of its investigation into three Foxconn facilities. The inspection has revealed a number of violations of the labor law, and following FLA’s recommendations Apple and Foxconn have agreed to bring overtime and working hours in line with the Chinese legal limit of 36 per month and 49 per week. Also Foxconn will hire thousands of new workers and provide a compensation package to ensure employee’s salaries remain at the same level amid reduced overtime and working hours.
While Apple is moving forward on plans for its 2.8 million square feet campus in Cupertino, its interim space needs continue to grow, although the company leased 373,000 square feet space in Cupertion half a year ago and soon aftter expanded its presence in New York City to over 50,000 square feet.
In October Taiwan-based company Proview Electronics charged Apple with trademark infringement related to the “iPad” name and the chairman promised to bring a legal action against Apple for damages in both China and US. Apple quietly acquired the global rights to the iPad trademark and also filed a suit to obtain the rights in China that apparently were not covered by the agreement. According to Reuter’s report, today Intermediate People’s Court in Shenzhen rejected Apple’s suit to acquire ownership over the trademark in China. Read the rest of this entry »
MSNBC recently spoke with several GPS manufacturers about their plans to develop a turn-by-turn GPS solution for the iPhone. Such a program is likely some months away. Several of the 'bigs' in the business — TomTom, Garmin and Magellan — are interested.
"We have made our navigation system run on the iPhone; it looks good and works very well," said Dutch-based company TomTom, in a statement to MSNBC.com. "We will have to look more closely to Apple’s strategy before we can say more about what kind of opportunities this will bring us,:".
"We’re always looking at new phone platforms to expand into for Garmin Mobile, but we don’t have any announcements regarding the iPhone at this time," said Jessica Myers of Garmin International. Magellan spokesman Raphel Finelli said the company does "not have immediate plans for this, but we are looking into it."
Digital Daily notes that Apple's market capitalization at $159.37 billion is now worth more than Google's which is at $157.56 billion. Apple's market cap first exceeded $100 billion in May of 2007. Apple was included into the S&P 100 index at that time. For interest, MacDailyNews compiled a list of the market values of other notable companies: