Billionaire and activist investor Carl Icahn has rescinded his call for Apple to continue buying back shares. Icahn had previously urged Apple CEO Tim Cook to initiate a $150 billion buyback program. In an open letter to shareholders Monday, Icahn cited a recommendation from proxy advisory firm ISS that Apple shareholders vote against the buyback plan...
WASHINGTON (AP) — The Justice Department says it has closed an investigation of Samsung Electronics Co. Ltd. over alleged misuse of patents to exclude some Apple iPhone and iPad models from the U.S. market. Apple Inc. has said some Samsung wireless patents are being offered on unfair terms, hurting competition.
NEW YORK (AP) — Apple has reportedly repurchased $14 billion of its stock in the two weeks after its first-quarter financial results and second-quarter revenue outlook disappointed investors. Its shares rose almost 2 percent in premarket trading Friday.
Google and Cisco have signed a “long-term” patent cross-licensing agreement. The companies said the agreement will increase the value taken from their respective portfolios and, more importantly, diffuse some of the risk for future litigation. Google’s new agreement with Cisco comes shortly after the company entered similar agreements with Samsung and Ericsson related to GSM, UMTS, and LTE standards for both networks and handsets.
Smartphone manufacturers shipped 990 million units worldwide in 2013, up 41 percent from the 700 million smartphones shipped in 2012. Strategy Analytics most recent numbers showed Huawei, Lenovo and LG all growing rapidly and combining for 14 percent of the global market.
As expected, Apple broke records during its holiday quarter, selling 51 million iPhones and posting $57.6 billion in quarterly revenue. On those sales figures, Apple saw $13.1 billion in net profit, matching what it posted in the year-ago quarter despite gross margins shrinking annually to 37.9 percent from 38.6 percent.
When the company Monday announces its fiscal first quarter numbers, analyst estimates put it safely ahead of the same quarter last year in at least a few categories. iPhone estimates range around 54 million for the quarter, trouncing the record 47.8 million the company sold in the first quarter of 2013.
Government lawyers filed papers with the 2nd U.S. Circuit Court of Appeals in Manhattan, saying Apple Inc.'s arguments are without merit as the company tries to stop the monitoring it complains is "a roving investigation." The monitor, Washington lawyer Michael Bromwich, was appointed for two years in October by a judge...
Apple will offer a pair of a larger iPhone in the second half of 2014 according to a report from the Wall Street Journal. The new devices will run 4.5 and 5 inches on the diagonal, according to the report which cited people familiar with the matter.
Activist investor Carl Icahn says he has purchased $500 million worth of Apple stock in the past couple of weeks to bring his total holdings in the company to more than $3 billion.Icahn disclosed the purchases on his official Twitter account on Wednesday.
American Eagle Outfitters and Shopkick today announced plans to launch shopBeacon in 100 of American Eagle Outfitters' top-performing stores across the country. According to a press release, Shopkick's shop Beacon is the first Apple iBeacon-based presence signal for retailers.
Apple will refund at least $32.5 million to consumers to settle a federal case involving purchases that kids made without their parents' permission while playing on mobile apps, the government announced Wednesday. The Federal Trade Commission said Apple will make full refunds for any such in-app purchases made by kids while playing on mobile phones and other devices...
Cook told an audience including the Wall Street Journal that Apple already sold a record number of iPhones in China during the company’s still-unreported fiscal first quarter. With reports surfacing that Apple supplier Foxconn shipped 1.4 million iPhone 5Ss last week ahead of the China Mobile launch Friday, Apple could keep seeing huge smartphone sales emerging from China.
Apple today announced that customers dropped more than $10 billion at its App Store in 2013. The company revealed that more than $1 billion of those sales alone came during December. Apple revealed in a press release that iOS developers have now made more than $15 billion on the App Store.
Ahead of its annual shareholder meeting Feb. 28, Apple filed a preliminary proxy with the SEC detailing the agenda for the meeting. One of the items up for vote is Icahn’s proposed increase to Apple’s share repurchases during the company’s fiscal 2014. In the filing, Apple detailed its board’s opposition to the proposal and outlined the capital return programs already in place.
Sales of Apple Inc.'s iPhone are growing in China but their share of the smartphone market has shrunk. Apple faces intense competition from Samsung and Chinese brands. The following list shows how Apple's market share has declined over the past year while those of most of its biggest rivals have grown.
The iPhone is officially heading to the world’s largest wireless operator. Apple yesterday announced a multi-year deal with China Mobile that will put the iPhone 5s and 5c in China Mobile’s retail stores as well as Apple retail stores across China starting Jan. 17 of next year. Pre-orders for the devices will begin Dec. 25 on China Mobile’s website.
AT&T today announced the availability of a new application programming interface (API) toolkit that can help businesses make mobile transactions safer and easier for AT&T mobile subscribers. The toolkit allows businesses to automate fraud avoidance queries and the completion of basic forms for subscribers during transactions.
In this five part video series, Wireless Week editors Andrew Berg and Ben Munson will count down the top headlines of 2013. Be sure to catch each installment, as we make our way through all the biggest news events from the past year! In case you missed them, check out the previous installments.
A labor group monitoring three Chinese factories that make iPhones and other Apple products says once-oppressive working conditions have steadily improved in the last 18 months, but more must be done to reduce the amount of overtime that employees work.
LONDON (AP) — Eight major technology companies have joined forces to call for tighter controls on government surveillance, issuing an open letter Monday to President Barack Obama arguing for reforms in the way the U.S. snoops on people.
Topsy pores through the stream of conversations occurring on Twitter to identify trends and people influencing public opinion. The San Francisco startup also runs a free search engine that boasts an index of every tweet posted since 2006, a resource that's not publicly available on Twitter's own online messaging service.
Sticking desktops, laptops and tablets together into the client PC market, Canalys sees tablets grabbing almost 50 percent of the total in 2014. Canalys is forecasting total tablet domination, with 285 million units to ship next year and that number hitting 396 million by 2017. Unsurprisingly, Apple and Samsung are expected to lead the charge.
Apple has acquired 3D sensor company PrimeSense. An Apple representative confirmed the deal to AllThingsD. The report values the deal at around $360 million. Apple stayed mum on its plans for PrimeSense, a company it had reportedly been in talks to buy since July.
A Silicon Valley jury on Thursday added $290 million more to the damages Samsung Electronics owes Apple for copying vital iPhone and iPad features, bringing the total amount the South Korean technology titan is on the hook for to $930 million.