April 23, 2014 |
Talk of Silicon Valley losing steam was put on hold as two technology titans, Apple Inc. and Facebook Inc., tallied better-than-expected quarterly earnings and revenue. Apple's stock climbed more than 7% in after-hours trading after it reported that sales of iPhones blew past Wall Street's projections. Facebook's shares spiked 4% after it said ad revenue rose 82% year over year. Although many tech stocks slid in recent weeks, the robust financial results demonstrated that, at least for now, the underlying businesses of these two leading companies remain strong.
November 20, 2007 |
Apple Inc. won dismissal of a lawsuit claiming company directors and managers including Chief Executive Steve Jobs lied to shareholders about how they backdated option awards to maximize their personal profit. U.S. District Judge Jeremy Fogel in San Jose dismissed the suit because it was based on alleged false statements made about the awards more than three years before the case was filed, according to his order.
March 30, 2007 |
Apple Inc., the company that popularized selling songs online for 99 cents apiece, now hopes to buoy interest in albums, giving customers credit for purchases of full albums from which they have bought individual tracks. Apple introduced the Complete My Album feature on its iTunes Store. It now gives a full credit of 99 cents for every track the user previously bought and applies it toward the purchase of the complete album.
May 31, 2007 |
Apple Inc. said Google Inc.'s YouTube Internet video site will soon be available on its Apple TV set-top box. Starting in mid-June, Apple TV will stream videos wirelessly from the Internet on YouTube, the company said. Thousands of the most current and popular YouTube videos will be available then, it said.
February 20, 2008 |
Apple Inc. cut the price for its iPod Shuffle by 38% as demand for the music player slowed. The 1-gigabyte device, Apple's smallest model, will have a retail price of $49, the Cupertino, Calif., company said. The previous price was $79. Apple also introduced a version with double the storage for $69. The bigger Shuffle, which clips onto clothing, can hold about 500 songs.
July 19, 2008 |
Mobile-phone maker Motorola Inc. sued a former executive now working for Apple Inc., accusing him of disclosing its trade secrets to aid in the marketing of Apple's iPhone. Michael Fenger left Motorola in March as vice president for the company's mobile-device business in Europe, the Middle East and Africa. He is now Apple's vice president for global iPhone sales, according to a complaint. "He was privy to the pricing, margins, customer initiatives . . .