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Apple Issues Invitations for Media Event on September 12
The Loop reports that Apple on Tuesday sent out invitations for an upcoming media event scheduled for next week Wednesday, September 12. The event will be held at the Yerba Buena Center for the Arts in San Francisco and begins at 10:00 AM Pacific / 1:00 PM Eastern. The tagline on the invitation is simply "It's almost here."
Leave a commentApple stock soars to all-time closing high after favorable verdict
In the first day of trading since a favorable ruling in the company's high-stakes patent dispute against Samsung on Friday, shares of Apple stock reached all-time closing highs on Monday. Apple’s shares broke the former record of $668.87 to reach $675.68, up $12.86.
Samsung guilty of patent infringement, Apple awarded nearly $1.05B
Jurors deciding the patent Apple v. Samsung suit have reached a verdict, finding Samsung to have infringed on certain Apple patents, according to in-court reports from The Verge. The damages owed total nearly $1.05 billion for Samsung and zero for Apple.
Apple Hits New Highs as Tim Cook Celebrates One Year as CEO
On August 24 one year ago Steve Jobs stepped down from the Apple’s CEO post which he held for more a decade and Tim Cook took over the company’s management. After the announcement, Apple's stock dropped more than 5% in after hours to $351.
But now Apple is the most valuable publicly-traded company in the world. Its current share price is $668, gaining more than 75% year-over-year. With Cook in charge, Apple released the iPhone 4S, the new iPad, the Retina MacBook Pro, Mountain Lion and previewed the next version of iOS.
Apple's share of worldwide tablet market returns to all-time highs
Apple’s tablets are far ahead of their competitors in a market with nearly out of every four tablet computers purchased around the world last quarter were iPads. During the previous quarter Apple sold 17 million iPad 2s and third-generation iPads that made up 69.6% of all tablet shipments, more than seven times that of its closest rival Samsung, which managed to ship 2.254 million Galaxy Tabs. Apple's 44% jump in iPad shipments was nearly enough to boost the Cupertino-based company back to an all-time high of 70% global tablet market share it achieved during the first quarter of 2011, according to research firm iSuppli.
Top Samsung designer denies copying iOS icons
A senior designer at Samsung, Jeeyuen Wang, took the stand on Tuesday in an effort to counter Apple's allegations that multiple Samsung devices copied the layout and imagery of iOS. The designer claims hundreds of people around the world worked tirelessly on Samsung's iconography, adding that she herself was only able to sleep two or three hours a night. Wang admitted that she did look at products from other companies, including Apple, but denied stealing the icons outright, saying instead that it was part of the design process.
More than $60,000 in "computers and personal items" stolen from Steve Jobs' home
The San Jose Mercury News reports that the Palo Alto home of late Apple co-founder Steve Jobs was among the homes which were burglarized last month. Jobs' home on Waverley Street in Palo Alto was burglarized on July 17. Among the items taken were more than $60,000 worth of "computers and personal items." The Jobs home has been undergoing renovation and it is unclear whether the family is currently living in the house while the work is being performed.
In Court Case Samsung And Apple Reveal U.S. Sales For Mobile Devices
The patent dispute between Samsung and Apple continued to yield interesting information, with the latest data revealing U.S. sales numbers of each company.
Google to Pay $22.5 Million Settlement in Safari Privacy Circumvention Case
The FTC has officially announced that Google has agreed to pay a record $22.5 million penalty to settle the case related to the circumvention of privacy settings in Safari. Google took advantage of a loophole in Safari's privacy settings designed to prevent placement of third-party cookies by default, using invisible web forms to trick Safari into thinking that users had interacted with Google's ads and thus allowing cookies to be placed on the device.
iPad Outsold Samsung Tablets 7-to-1 In The Second Quarter
According to the estimates by IDC, tablet shipments reached 25 million units in the second quarter and Apple’s iPad accounted for 68% of that volume. IDC noted that despite high 117.6% year-over-year growth in shipments Samsung still saw its tablets significantly outnumbered by the iPad. Research director at IDC Tom Mainelli said:
Apple's next iPhone rumored with 8-pin dock connector, enhanced Bluetooth
iLounge reported yesterday that the expected smaller dock connector in Apple's next iPhone will be an 8-pin design. Moreover, iOS 6 will receive a new Bluetooth 4.0 to improve share functionality between Apple’s devices. But these rumors contradict earlier reports claiming that the new dock on Apple's next iPhone will be a 19-pin design.
Downloads of Apple's OS X 10.8 Mountain Lion top 3 million in 4 days
Mountain Lion launched on the Mac App Store last Wednesday as a $19.99 upgrade from Lion or Snow Leopard has been downloaded more than 3 million times in its first four days, the company announced on Monday.
Apple's iPhone twice as profitable per unit as iPad
Another finding discovered in the course of Apple’s ongoing lawsuit with Samsung has revealed that the carrier-subsidized iPhone has margins north of 50 percent, nearly twice as high as the iPad. For iPhones sold between April of 2010 and March of 2012, Apple's gross margins were between 49 and 58 percent, and for iPads - between 23 and 32 percent.
Apple Reports Results for Q3 2012: $8.8 Billion Profit on $35 Billion in Revenue
Yesterday Apple announced financial results for the second calendar quarter and third fiscal quarter of 2012. Apple posted revenue of $35.0 billion and net quarterly profit of $8.8 billion. The numbers are dramatically weaker than what analysts were expecting. The company did beat its own guidance, however. Last quarter, Apple said it would make $34 billion in revenue.
Apple Already Pursuing Minor Expansion at North Carolina Data Center
In March, Apple filed an application for permit to build a "tactical data center" to be located at the site of the company's existing data center in Maiden, North Carolina. Such tactical data center is expected to locate at the relatively small area of 20,000 square feet. The Hickory Daily Record that discovered Apple’s filling now issued a new report revealing more details on Apple's plans.