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Infographic: Apple’s cash explained
After another successful quarter, Apple is worth more than $400 billion, which is about $6,622,516 per employee. If it was to pay a corporate tax on its massive cash reserves of $97.7 billion, that money could buy an iPad for every person in Canada and Greece. However, 2/3 of that reserve is stored offshore. Moreover, Apple’s cash reserve is enough to pay off the total public debt of 8 EU countries, including Slovakia, Luxembourg, Bulgaria, Lithuania, Latvia, Cyprus, Estonia and Malta. In the last three months, Apple brought in 4x … Read more
Will Park
Apple sneaks by Samsung to become #1 smartphone maker
Apple gains another victory as the maker of the wildly popular iPhone just sneaked past Samsung to become the number one smartphone manufacturer. In the last quarter of December the Cupertino-based company moved 37 million handsets compared to Sammy’s 36.5 million, according to Strategy Analytics and IHS iSuppli. Even though Samsung doesn’t specifically break out its smartphone sales – causing both firms to make estimates – it’s still hard to ignore how impressive these sales are. Smartphone sales are rising every year, which is something Strategy Analytics mentioned in its … Read more
Charles West
MacWorld 2012 photo tour
MacWorld has changed a lot ever since Apple pulled out of the show. The once-mighty conference once saw the introduction of world-changing devices like the iPhone was reduced to little more than a trade show for iPhone covers last year. While strolling the halls during MacWorld 2012, I began to get a sense of optimism around the future of MacWorld for multiple reasons. MacWorld 2012 still has a lot of case makers here but some of these are actually pretty darn cool. There were some iPad and iPhone stands which … Read more
Marin Perez
iPhone thieves take advantage of Apple’s generous repair policy
Anyone who’s ever owned an iPhone knows that Apple for the most part has a pretty good track record when it comes to customer service for the wildly popular iOS handset. The Cupertino-based company runs a faith-based customer service which allows any phone under warranty to be fixed — a process which ties the phone to the warranty, not the owner. This is one of the cool things that sets Apple apart from others. This generosity displayed by the largest company in the world (when it comes to market cap) … Read more
Charles West
The iPhone is beating back Android
We all know that Google’s Android operating system is leading in market share when it comes to new smartphones around the world but the latest earning reports from AT&T and Verizon show that Apple’s iPhone is quickly closing the market share gap. AT&T just had a record-breaking quarter for smartphone sales with 9.4 million sales in a three-month period. Of those sales, a mind-boggling 7.6 million of those sales were an iPhone. While I’m sure a lot of AT&T customers picked up a brand-new iPhone 4S, don’t forget how powerful … Read more
Marin Perez
Rumor: Apple to open a Research Center in Israel by the end of next month?
Looks like Apple’s recent purchase of Anobit was just the first step in the company’s expansion into Israel. Reports coming out of the Israeli daily business newspaper Calcalist say that Apple is going to open a Research Center in Haifa by the end of next month. Apple is said to be looking over “several hundred resumes” for various engineering positions, mainly focused around “electrical circuits, analogue, and testing hardware (and verification).” In other words, expect Apple to continue designing their own chips and taking things to a whole new level. … Read more
Stefan Constantinescu
Motorola Mobility files lawsuit against Apple citing patent infringements
Motorola Mobility is suing Apple for infringing on six of its patents. The patents in question are related to wireless antennas, software, messaging, and data management — quite a bit of the entire experience of a smartphone is on the line here. Apple allegedly uses these patents in the iPhone 4S and iCloud. The lawsuit was filed in Florida today and it’s just the latest battle in the larger smartphone patent wars. “Apple’s infringing activities have caused and will continue to cause Motorola Mobility irreparable harm, for which it has … Read more
George Tinari
Apple loses appeal to block Samsung’s Galaxy tablets
Samsung got a victory its long legal battle against rival Apple over allegations of patent infringement in the Netherlands. A Dutch court rejected Apple’s appeal to stop Samsung from selling its Galaxy tablet in the country and this is huge because it opens the door for all Dutch subsidiaries to distribute the Tab throughout the European Union. The Dutch judge made the ruling after determining that the Galaxy tablet displayed more differences than what Apple led on, as the court compared the gadget’s thickness, screen icons and dotted lines with several … Read more
Charles West
Apple becomes most valuable U.S. company again
After an incredible earnings report, Apple’s stock has risen and the company has surpassed Exxon once again to become the most valuable U.S. company in the world. Apple’s stock hit $445.29 today and that brought its market capitalization to about $415 billion while the oil giant Exxon had a market cap of $414 billion. The stock number will fluctuate during the next few days, so it’s unclear if Apple will retain that title but it’s still pretty darn impressive. What’s crazy is that Apple still has a lot of room … Read more
Marin Perez
Apple iPhone 5 with 4-inch screen could launch this summer
Well, it’s that time of the year when rumors begin to run rampant about the next generation Apple device. The latest rumor claims that Apple is holding a handful of sample devices for the next iPhone, and the company could be looking to release a new model this summer, according to 9to5Mac. The new iOS handset is expected to be called none other than the iPhone 5, and it’ll sport a 4-inch (or larger) display, with a form factor that looks much different from the current iPhone 4 and 4S. If this turns out to … Read more
Charles West
Apple: iPhone 4S had ‘breath-taking customer reception’
Apple had even more to say about its record-breaking Q1 2012 earnings in its quarterly earnings call. Apple CEO Tim Cook attributes the all-time high of 37 million iPhones sold last quarter to “breath-taking customer reception” of the new iPhone 4S, which was introduced in October of 2011. It would seem “breath-taking customer reception” just about hits the nail on the head. Matt Richman made a very interesting point about iPhone sales year after year thus far: “In 2009, Apple sold more iPhones than it did in 2007 and 2008 … Read more