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BUSINESS
September 23, 2013 | By Chris O'Brien
SAN FRANCISCO - Has Apple Inc. regained its cool factor? The company announced in a news release Monday that it sold 9 million new iPhones over the weekend. That number blew past its previous records, trounced nearly all expectations on Wall Street and sent its stock soaring. Apple also confirmed that users were downloading iOS 7, the newer version of its mobile operating system released last week, at a record clip. For legions of Apple loyalists, the extraordinary results provided more evidence that the Cupertino, Calif., company's grip on consumers' imaginations and wallets remained as firm as ever.
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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
June 17, 2013 | By Jim Puzzanghera
WASHINGTON -- Apple Inc., said it received 4,000 to 5,000 requests for customer data from U.S. officials during the six months ending in May, as it became the latest high-tech company to provide some details on its involvement in the National Security Agency's Internet surveillance program. The requests involved 9,000 to 10,000 customer accounts or devices, the company said in a statement on its website. Not all the requests involved the NSA's controversial Prism program, which the company said it did not know about until revelations in the news media on June 6. The data requests came from federal, state and local authorities and involved national security matters and criminal investigations, Apple said.
BUSINESS
August 29, 2007 | From Bloomberg News
Apple Inc. sent out invitations Monday to a Sept. 5 event called "The Beat Goes On," fueling speculation that it will release new models of the iPod media player to spur holiday sales. The e-mailed invitation for the San Francisco event shows a silhouetted dancer carrying an iPod, an image from Apple ads. Chief Executive Steve Jobs usually unveils new iPods before the holiday season. In June, Apple introduced the iPhone, combining the music player with a mobile phone.
BUSINESS
January 23, 2007 | From Bloomberg News
Apple Inc. Chief Executive Steve Jobs was questioned by U.S. government investigators about backdating of employee stock option grants at the company, lawyers familiar with the matter said. Jobs met with officials from the Securities and Exchange Commission and the Justice Department last week in San Francisco, said the people, who spoke on condition of anonymity because the interviews were confidential.
BUSINESS
September 5, 2007 | From Reuters
Microsoft Corp. said Tuesday that it was "not unreasonable" for the company to introduce a mobile phone combined with features of its Zune digital music player to compete with Apple Inc.'s iPhone. The Zune phone, a topic of speculation for months since Microsoft introduced its first digital music player last year, could be driven by consumer demand for one multimedia device that makes phone calls, plays music and takes pictures.
BUSINESS
September 5, 2007 | From the Associated Press
The iPhone can be bought in China, even though Apple Inc. isn't selling it there, and the gadget doesn't function properly despite costing twice as much as in the United States. Enthusiasts willing to pay 8,800 yuan -- $1,170 -- can buy the phone at electronics markets in Beijing, Shanghai, Shenzhen and Guangzhou, the electronics newspaper Dian Nao Bao reported in its Monday editions. In the U.S., the combination cellphone-iPod media player can be had for $499.
BUSINESS
November 15, 2007 | From Bloomberg News
Apple Inc. won dismissal Wednesday of a shareholder lawsuit claiming that company officers including Chief Executive Steve Jobs were overpaid with illegally backdated option awards. Apple, maker of the iPod and iPhone music-and-video players, said last year that 6,428 stockoption grants issued between 1997 and 2002 were backdated.
BUSINESS
April 17, 2007 | From the Associated Press and Bloomberg News
Apple Inc. Chief Executive Steve Jobs received a salary of just $1 last year, documents filed Monday with the Securities and Exchange Commission said. Since returning in 1997 to the helm of the company he co-founded and catapulting Apple to record profit, the legendary Silicon Valley executive has opted to get only a token paycheck. But as of March 20, Jobs, 52, still owned more than 5.4 million restricted shares, worth about $494 million at Monday's closing price of $91.43.
BUSINESS
October 11, 2007 | From the Associated Press
Complaints over Apple Inc.'s use restrictions and recent software update for the iPhone have erupted into two lawsuits alleging that Apple and its carrier partner, AT&T Inc., engaged in illegal monopolistic behavior. The lawsuits were filed Friday in San Jose -- one in federal court and the other in state court. Both are seeking class- action status. The federal case accuses the companies of unfair business practices and violations of antitrust, telecommunications and warranty laws.
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