SAN FRANCISCO (AP) — Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. The milestone represents a dramatic turnaround in sentiment since Apple's shares reached its previous split-adjusted peak of $100.72 in September 2012.
Samsung snapped up SmartThings, an open-platform connected home company. The companies did not disclose the terms of the deal but Recode cited sources saying the price tag for SmartThings came in around $200 million. That total matches up with reports that surfaced in July about Samsung’s possible bid for the home automation company.
A four-month investigation at 22 factories found no evidence that benzene and n-hexane endangered the roughly 500,000 people who work at the plants, according to Apple. No traces of the chemicals were detected at 18 of the factories and the amounts found at the other four factories fell within acceptable safety levels, the Cupertino, California, company said.
Samsung today took the wraps off the Galaxy Alpha, a 4.7-inch smartphone that eschews the OEM’s propensity toward plastic in favor of a metal-framed design. The Alpha’s 6.7 millimeter-thick body and 115 gram heft bring it in well under the size and weight of Samsung’s current flagship, the Galaxy S5. Of course the Alpha’s display is smaller than the S5’s 5.1-inch screen.
A breakdown released Tuesday by Apple Inc. showed 54 percent of the company's technology jobs in the U.S. are filled by whites and another 23 percent by Asians. Men make up 80 percent of Apple's technology workforce throughout the world. The iPhone and iPad maker didn't provide racial statistics for its global workforce of 98,000 employees.
The settlement would have been paid by Apple, Google Inc., Intel Corp. and Adobe Systems Inc. The lawsuit alleges they and three other companies — Intuit Inc., Pixar Animation and Lucasfilm — secretly agreed not to recruit each other's workers at various junctures from 2005 through 2009.
"Samsung and Apple have agreed to drop all litigation between the two companies outside the United States," the South Korean company said in a statement. "This agreement does not involve any licensing arrangements, and the companies are continuing to pursue the existing cases in U.S. courts."
Apple will hold an iPhone event on Sept. 9, according to Re/code. The date, falling on a traditional Tuesday for iPhone announcements, comes from John Paczkowski. Last year, his colleague Ina Fried—back when both worked at All Things D—correctly reported the iPhone 5S and 5C would be announced on Sept. 10. The current iPhone models were then released on Sept. 20.
According to new numbers from research firm Canalys, Xiaomi has risen from being a niche player to become the leading smart phone vendor in the world’s largest market, overtaking Samsung in volume terms in second quarter. Canalys reports that Xiaomi grabbed a 14 percent share of the Chinese market, on the back of 240 percent annual growth.
FreedomPop today announced it will begin selling LTE tablets and offering free voice, text and data services to go along with them. In addition, the MVNO will offer a unique phone number for tablets, which it said will expand the tablet’s phone capabilities and open it up to services like WhatsApp that require a phone number.
IDC estimates Samsung shipped 74.3 million smartphones in the second quarter, down 3.9 percent from the 77.3 million it moved in the same quarter last year. Samsung's overall market share came in at 25.2 percent in the second quarter, down from 32.3 percent during the same period last year.
The 28-nation bloc's executive Commission said Monday the transaction does not threaten competition because the firms' combined European market share in both fields will be low while facing strong competitors. The takeover of Beats Electronics and Beats Music announced in May for $2.6 billion in cash and $400 million in stock is the most expensive acquisition in Apple's 38-year history.
LG executives said solid sales of handset devices will help its mobile division stay profitable during the fall and winter, even as Apple Inc. is expected to unveil a bigger iPhone and Samsung Electronics Co. is likely to release new models.
Sprint has signed on to offer Google Apps for Business and serve as enterprise support for the cloud-based productivity suite. As a mobility reseller of Google Apps, Sprint will put its customer care, billing platform and device and network knowledge behind the offering. Besides selling varying deployment packages Sprint will offer add-ons like single sign-on.
Apple sold 35.2 million iPhones during its third quarter, just missing analyst estimates but handily beating the June quarter record of 31.2 million sold during the year-ago quarter. The 13.3 million iPads Apple sold during the quarter fell below estimates. The total was down annually from 14.6 million.
One of the world's largest providers of enterprise software applications and services on a "mobile-first" mission, and arguably the most well-known consumer mobile device manufacturer ever, are now collaborators. It was probably a more natural union than many imagined when Apple and IBM recently announced their partnership.
Apple is asking its manufacturers to make 70-80 million iPhones ahead of approaching launch of new 4.7- and 5.5-inch models of its smartphone, according to the Wall Street Journal. The initial order reports mark a huge increase of the 50-60 million units Apple ordered ahead of last year’s launch of the iPhone 5S and 5C.
At the time, Apple was flirting with bankruptcy. Campbell frequently served as Jobs' sounding board during one of the most resounding corporate turnarounds in U.S. history as Apple first redesigned its Mac computer line and then rolled out the iPod, iPhone and iPad to emerge as the world most valuable company.
The partnership centers around a new class of business apps that will run on iOS devices. The companies are boasting "a new class of more than 100 industry-specific enterprise solutions including native apps, developed exclusively from the ground up, for iPhone and iPad."
Verizon over the weekend added the iPad and Android tablets to its Edge early upgrade program. “We’ve had other tablet payment plans in the past, but now we’re focused on Edge,” a Verizon spokesperson told Wireless Week when asked about why tablets are just coming to Edge.
Apple said that its phones are constantly figuring location by pinging cell towers in order to determine location in a quick and reliable manner. But it said all of that is done at the device level and it is not tracking end users. It also said that tracking a phone's location using GPS takes too long and would not result in a satisfying user experience.
Nickel rashes aren't life-threatening but they can be very uncomfortable, and they may require treatment with steroids and antibiotics if the skin eruptions become infected, said Dr. Sharon Jacob, a dermatologist at Rady Children's Hospital, where the boy was treated. Jacob, who co-wrote the report, said the young patient had to miss school because of the rash.
The Federal Trade Commission is suing Amazon over unauthorized in-app purchases made by children. The FTC is seeking refunds for consumers and is looking to permanently stop Amazon from billing account holders for purchases made without their consent. According to the complaint, Amazon keeps 30 percent of all revenue from in-app purchases.
The official statement from the governmental Commission has not yet been released yet, but if true it could mean yet another setback for Apple in what Cupertino had originally seen as a huge opportunity. If Chinese carriers were forced to reduce subsidies, devices like the iPhone could become even less attractive to consumers there.
Sales of smartphones, which exceeded those of the rest of the market in 2013, will continue to do well, and Gartner estimates that smartphone sales will represent 88 percent of global mobile phone sales by 2018 — up from 66 percent in 2014.