Apple and Qualcomm Call Truce and Drop Patent Litigation

Apple and Qualcomm agreed to a new license agreement and announced they would dismiss all litigation worldwide between the two companies. The truce brings a close to an extended legal battle over royalties involving smartphone tech. Apple has agreed to pay Qualcomm an undisclosed amount and Qualcomm will supply modem chips to Apple as part of a new multiyear deal. Hours after the settlement between Apple and Qualcomm was announced, chip rival Intel revealed it would cancel its plans to manufacture modem chips for 5G smartphones. Continue reading Apple and Qualcomm Call Truce and Drop Patent Litigation

Facebook CEO Calls For Increased Government Regulation

Mark Zuckerberg thinks tech companies, including Facebook, have “immense responsibilities.” Acknowledging the problems related to social media, he stressed that tech companies can’t solve all those problems on their own. Instead, he opined, the government and regulators need to play a stronger role. “By updating the rules for the Internet,” he said, “We can preserve what’s best about it.” He focused on four areas that he said should be regulated: harmful content, election integrity, privacy and data portability. Continue reading Facebook CEO Calls For Increased Government Regulation

Apple Rolls Out New TV, Gaming, Finance, News Services

During yesterday’s highly anticipated “Show Time” event at Apple’s headquarters in Cupertino, California, CEO Tim Cook was joined by top execs and Hollywood heavyweights to unveil details regarding a new streaming TV service in addition to initiatives involving news, gaming and finance services. The Apple TV+ subscription service is slated to launch this fall in more than 100 countries. While cost and specific launch dates were not addressed, the event emphasized original programming and a collection of channel partners during a presentation that was similar to a traditional television upfront, including major celebrities and musical performances. Continue reading Apple Rolls Out New TV, Gaming, Finance, News Services

Spotify Commits to Podcast Network With Major Acquisitions

Streaming music giant Spotify has signaled its commitment to building a leading podcast network with strategic acquisitions of podcast publishing platform Anchor and podcast content creator Gimlet Media. The purchases are part of the company’s plan to produce more original programming, grow Spotify’s audience, and eventually become the top global audio platform. Spotify founder and CEO Daniel Ek predicts that expanding podcast offerings will lead to a future in which non-music audio content will represent 20 percent of listening via Spotify. Continue reading Spotify Commits to Podcast Network With Major Acquisitions

Apple Among Those Impacted by Slowing Chinese Economy

Apple stock slumped 10 percent last Thursday to $142.19, the company’s biggest single-day percentage drop in almost six years, erasing $74.65 billion from its market value. That came after Apple chief executive Tim Cook warned that China’s economic slump is responsible for slowed-down iPhone sales in the past quarter. China’s wobbling consumer confidence is impacting the entire world economy, however, and Apple has problems beyond China. In India, it’s reaping a mere 1 percent of overall smartphone sales. Continue reading Apple Among Those Impacted by Slowing Chinese Economy

Apple Reveals Plans for Texas Campus and Major Expansion

Apple announced yesterday that it plans to spend $1 billion on a new campus in Austin, Texas to accommodate up to 15,000 employees. Over the next three years, the company also plans to add hundreds of workers to its offices in Boulder, Colorado; Pittsburgh, Pennsylvania and New York, while opening 1,000-worker operations in Culver City, California; Seattle, Washington and San Diego, California. Major tech players such as Apple, Amazon and Google are increasingly moving beyond Silicon Valley as part of strategic expansion plans and the ongoing search for new tech talent. Continue reading Apple Reveals Plans for Texas Campus and Major Expansion

Apple Shares Dip Despite Report of Record Revenue, Profit

Apple reported record revenue and profit for the fourth consecutive quarter, due to higher iPhone prices and App Store sales, but shares fell 6.5 percent to $207.76 in after-hours trading. Investors were unhappy about the company’s announcement that it plans to stop reporting unit sales for products. Apple’s numbers reflect a trend of tech share price drops, due to investor concern about the combination of high valuations, slowing revenue growth and rising costs. Apple forecasts that December quarter revenue will be between $89 billion and $93 billion. Continue reading Apple Shares Dip Despite Report of Record Revenue, Profit

Apple Targets Creative Professionals With Its New Devices

Apple hosted its latest product keynote event in Brooklyn, New York yesterday. The company introduced its “most creative products” — specifically, a new iPad Pro, MacBook Air and Mac mini. As expected, Apple introduced a redesigned iPad Pro with slimmer edges, a USB-C port, Face ID (and no home button), and more powerful specs. The 11-inch model starts at $799 and the 12.9-inch version at $999. The new MacBook Air with high-resolution Retina display (starting at $1199) is 50 percent narrower than its predecessor, 17 percent smaller, and 10 percent thinner. Made from recycled aluminum, it’s also slightly less than 10 percent lighter. Continue reading Apple Targets Creative Professionals With Its New Devices

Studies on Kids and Tech Flip the Meaning of Digital Divide

Experts are coming to grips with the impact of digital technology on children. Educators worried that students from poor homes would find themselves on the wrong side of the digital divide, but, in fact, many states are spending money to make sure that all their students have access to computers, while Silicon Valley parents are choosing to raise their children with traditional toys and non-digital activities. The reason is that technologists are privy to recent research about the dangers of exposing kids to screen time. Continue reading Studies on Kids and Tech Flip the Meaning of Digital Divide

Apple’s Tim Cook Asks Bloomberg to Retract China Spy Story

Apple chief executive Tim Cook is the latest and most prominent executive to call on Bloomberg to retract the claim that its technology supply-chain had been corrupted by Chinese surveillance microchips. According to two Bloomberg reports this month, Chinese spies infiltrated the technology supply chain with a surveillance microchip installed by Silicon Valley-based server company Supermicro. Those tiny chips ended up in the data center hardware of as many as 30 companies, including Amazon and Apple, added the report. Continue reading Apple’s Tim Cook Asks Bloomberg to Retract China Spy Story

Apple’s Hollywood Strategy Focuses on Family-Friendly Fare

Last year Apple set aside $1 billion for Hollywood entertainment. But as the tech company pushes into entertainment, it faces issues related to its brand. Its first scripted drama, “Vital Signs,” a semi-biographical story about Dr. Dre, is a key example. After seeing its guns, cocaine and adult themes, Apple chief executive Tim Cook reportedly told Apple Music executive Jimmy Iovine that the content went too far, say sources, and nixed the series. Cook wants entertainment, but not the kind that could tarnish Apple’s brand. Continue reading Apple’s Hollywood Strategy Focuses on Family-Friendly Fare

Apple Unveils Three New iPhones and Series 4 Watch Lineup

Apple CEO Tim Cook and other company execs unveiled three new iPhones and a redesigned Apple Watch Series 4 in Cupertino yesterday. Bigger and faster was the underlying theme for the new devices. The iPhone XS Max starts at $1,099 and features a 6.5-inch screen (Apple’s largest to date). As expected, the entry-level iPhone XR has a 6.1-inch LCD screen and the premium iPhone XS includes a 5.8-inch display. Both XS models feature a Super Retina OLED screen and stainless steel casing (the XR is made of aluminum). Meanwhile, Apple Watch is evolving into a health-related wearable. The new smartwatch touts an ECG heart sensor approved by the FDA. Continue reading Apple Unveils Three New iPhones and Series 4 Watch Lineup

Apple Could Push Wearables, EU Okays Shazam Acquisition

Apple, which has evolved from a PC company to an iPhone company, is searching for its “next big thing.” One WSJ journalist believes a clue to what it might be came from chief executive Tim Cook’s revelation that the Apple Watch and AirPods generated $10 billion in revenue over the last four quarters. The company’s wearables sales are growing, even as smartphone and PC sales level off, and IDC said Apple is the wearables market leader, with 17 percent of the global market. Meanwhile, the European Union has approved Apple’s purchase of Shazam, which should fortify the company’s music ambitions. Continue reading Apple Could Push Wearables, EU Okays Shazam Acquisition

Facebook Suspends Apps, Removes its Own From Apple Store

Facebook has suspended 400 apps, about double the number it previously said it removed due to “concerns around the developers who built them or how the information people chose to share with the app may have been used.” The company is now investigating these apps and developers. Elsewhere, after Apple ruled that Facebook’s data-security app violated its data collection policies, Facebook pulled the app from the store. Facebook used the app to track the competition and learn more about new product categories. Continue reading Facebook Suspends Apps, Removes its Own From Apple Store

Apple Is First U.S. Firm to Surpass $1 Trillion in Market Value

Although Q3 is typically Apple’s weakest quarter, the company revealed stellar revenue, proof of its success in finding ways to grow in a diminished global smartphone market. Chief executive Tim Cook said the company is reaching into emerging markets and expanding its services business, to achieve “strong double-digit growth in revenue.” According to Apple finance chief Luca Maestri, demand for the iPhone X, 8 and 8 Plus have been steady. On Tuesday, Apple’s market value hit $950 billion. By Thursday, Apple had become the first U.S. company to exceed $1 trillion in market value. Continue reading Apple Is First U.S. Firm to Surpass $1 Trillion in Market Value

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