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BUSINESS
September 11, 2007 | From the Associated Press
Apple Inc. may bid for the rights to a wireless spectrum auctioned by the Federal Communications Commission, a risky but intriguing move that would help carry the consumer electronics company into the telecommunications realm. Citing unnamed sources, BusinessWeek reported Monday that Apple Chief Executive Steve Jobs had "studied the implications" of bidding on the spectrum, which analog TV broadcasters will return to the government in 2009 as they switch to digital television.
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BUSINESS
April 23, 2014 | By Chris O'Brien
After weeks of anxiety among investors over Apple Inc.'s fiscal second-quarter results, the company delivered a one-two punch of good news Wednesday that sent its stock soaring. First, Apple posted revenue for the three months ending in March that beat both Wall Street's projections and its own guidance. And second, the company said it was expanding its record stock buyback and dividend plan to $130 billion from $105 billion. "We are announcing a significant increase to our capital return program," Apple Chief Executive Tim Cook said in a statement.
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OPINION
May 24, 2013
Re "Apple execs grilled over tax strategy," Business, May 22 Unbelievable, stunning, incredible that members of Congress have the audacity to bring the chief executive of one of the most successful companies this country has ever seen to grill him on Apple Inc.'s tax strategy (which, by the way, is perfectly legal) so they can try to wring more money out of him. Apple paid $6 billion in taxes last year; isn't that enough? Forcing Chief Executive Tim Cook to respond to legislators who have been on the public dole much of their lives and haven't done much in the way of intellectual innovation (or even fixing this country economically)
BUSINESS
April 23, 2014 | By Chris O'Brien and Andrea Chang
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.
BUSINESS
July 4, 2013 | By Vincent Bevins and Chris O'Brien
SAO PAULO, Brazil - On a recent vacation to Orlando, Fla., from his home in Brazil, Tulio Avellar made sure to stop by such world famous tourist destinations as Walt Disney World and Universal Studios. But he also visited one of the most popular spots for anyone traveling from Brazil: the Apple store. The 23-year-old bought an unlocked iPhone 4S for $570 - about half its cost back home. Brazilians planning to visit the U.S. are often besieged by requests from friends and family to procure Apple products for them.
BUSINESS
February 27, 2007 | From the Associated Press
Apple Inc. said it delayed the launch of its Apple TV video-streaming product until March, but the company would not explain why. The Cupertino, Calif., company had said in January that the $299 set-top box would be available this month. Apple TV is designed to move digital content from a user's computer to their TV set and is anticipated to be a highly competitive product in the growing crop of offerings that deliver Internet-based videos to the television.
BUSINESS
November 20, 2007 | From Times Wire Services
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.
BUSINESS
March 30, 2007 | From the Associated Press
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.
BUSINESS
May 31, 2007 | From Times Wire Services
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.
BUSINESS
February 20, 2008 | From Times Wire Services
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.
BUSINESS
February 7, 2014 | By Chris O'Brien
Chief Executive Tim Cook said Apple Inc. repurchased $14 billion of its stock over the last two weeks after a weak outlook caused its share price to plunge. In an interview with the Wall Street Journal, Cook said he was "surprised" by the 8% drop one day after the company's first-quarter earnings report. Apple projections for sales in the quarter ending in March were below what analysts had expected, and perhaps signaling its first year-over-year decline in revenue in more than a decade.
BUSINESS
December 22, 2013 | By Chris O'Brien
Gaining access to an audience it has coveted for years, Apple Inc. said it has reached an agreement to sell the iPhone through China Mobile Ltd., the world's largest mobile phone carrier with 763 million subscribers. The deal, announced Sunday, is expected to help Apple reignite its sales growth, which has slowed over the last year. How successful Apple will be depends in part on how flexible it's willing to be with the pricing of the iPhone, which remains among the world's costliest smartphones.
BUSINESS
December 22, 2013 | By Chris O'Brien
Apple Inc. announced Sunday that it has finalized a deal to sell the iPhone through China Mobile, the world's largest mobile phone carrier.  The deal has been in the works for years as Apple sought to gain a stronger foothold in this crucial smartphone market. Apple has been selling the iPhone through smaller carriers in China, but the reach of these companies collectively still left Apple as the fifth-largest seller of smartphones in the country Photos: Top 10 tech fails of 2013 Although Apple's new product launches tend to draw the most frenzied attention, analysts have long said a deal with China Mobile was the single most important thing the company could do to re-ignite its rate of growth, which had been slowing over the last year.
BUSINESS
November 21, 2013 | By Chris O'Brien
A federal jury Thursday ordered Samsung Electronics Co. to pay $290 million in damages to Apple Inc. in the latest round of the two adversaries' ongoing litigation over mobile patents.  In U.S. District Court in San Jose, an eight-person jury handed down its decision after a weeklong retrial of a case heard last year in the same court.  In 2012, a jury awarded Apple $1.05 billion, agreeing with the company's claims that Samsung's products had...
BUSINESS
October 28, 2013 | By Chris O'Brien
Apple Inc. announced earnings largely in line with Wall Street's expectations as sales of iPhones climbed while the iPad remained flat. The company reported revenue in the fourth quarter of its 2013 fiscal year of $37.5 billion, up from $35.97 billion a year earlier. That number topped analysts' estimates of $36.84 billion and Apple's own guidance from last month of around $37 billion.  "We're pleased to report a strong finish to an amazing year with record fourth-quarter revenue, including sales of almost 34 million iPhones," said Tim Cook, Apple's chief executive, in a new s release.
BUSINESS
October 24, 2013 | Bloomberg News
Carl Icahn, the billionaire activist investor who has made a career of pushing companies to make changes to boost shares, published a letter to Apple Inc. Chief Executive Tim Cook urging the company's board to increase the size of a stock repurchase. Icahn promised not to tender his shares if Apple agrees to his proposal to implement a $150-billion repurchase, he said in the open letter that he posted on his website Thursday. Icahn said he has increased his holdings in the company to 4.7 million shares worth $2.5 billion, from 3.4 million shares in August.
BUSINESS
July 19, 2008 | From Bloomberg News
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 . . .
BUSINESS
February 2, 2007 | From Bloomberg News
Apple Inc. was given more time to respond to a lawsuit by Cisco Systems Inc. as the companies work toward an agreement on the use of the iPhone brand. The extension, which comes three weeks after San Jose-based Cisco sued Cupertino, Calif.-based Apple for using the iPhone name, may allow the companies to agree on rights to the brand and ways their products can work together, they said in a joint statement.
BUSINESS
October 21, 2013 | By Chris O'Brien
SAN FRANCISCO - With the tap of a finger, Christian Gastón Palmaz can use his iPad to remotely control one of the most sophisticated winemaking operations in Napa Valley. The apps Palmaz and his information technology staff created for the iPad tablet enable them to monitor and adjust the temperature in large tanks lined with sensors to more precisely control fermentation. With the iPad at its heart, the system has replaced a labor-intensive process that required a winemaker to constantly draw and test samples and then manually adjust the temperature.
BUSINESS
October 16, 2013 | Chris O'Brien and Tiffany Hsu
Apple Inc. has hired Burberry Chief Executive Angela Ahrendts to run its retail division, hoping her background melding technology, fashion and commerce will be the right mix to navigate the future of the stores that have been a cornerstone of its success. Although not a household name in the U.S., Ahrendts is a superstar in Britain because she led a turnaround of the revered but aging retail chain. The Midwestern native was the highest-paid CEO in Britain, where her leadership and tech savvy combined with her status as a rare female running a public company have drawn comparisons to Facebook Inc. Chief Operating Officer Sheryl Sandberg and Yahoo Inc. CEO Marissa Mayer.
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