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BUSINESS
October 15, 2013 | By Chris O'Brien
Apple Inc. announced Tuesday that Burberry Chief Executive Angela Ahrendts will run its retail division, including online and retail stores. Ahrendts will become the only woman among Apple's top executive ranks , reporting directly to Apple Chief Executive Tim Cook.  "I am thrilled that Angela will be joining our team," Cook said in a statement. "She shares our values and our focus on innovation, and she places the same strong emphasis as we do on the customer experience.
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BUSINESS
October 31, 2007 | From Times Wire Services
Apple Inc. sold more than 2 million copies of its Leopard software in the first weekend on sale, outpacing early orders for the prior version of its Macintosh computer operating system. Leopard, released Oct. 26, includes features for organizing and sharing files and software that lets Mac users run Microsoft Corp.'s rival Windows operating system. Leopard is $129 for a single copy and $199 for a family pack with five licenses.
BUSINESS
June 24, 2007 | From Times Wire Services
The price of Apple Inc.'s iPhone and the cost of switching to AT&T Inc.'s wireless service may suppress demand for the device, a survey by research firm IDC found. Although about 60% of those surveyed were interested in the iPhone -- a combination mobile phone and iPod music player -- only 10% said they might buy one at full price when it goes on sale Friday, according to a survey of 456 people by Framingham, Mass.-based IDC.
BUSINESS
March 5, 2008 | From Reuters
. -- Apple Inc. has no plans to declare a dividend or buy back its stock, Chief Executive Steve Jobs told the company's annual shareholder meeting Tuesday, adding that iPhone sales were on track. Jobs said he was confident Apple would hit its 2008 sales target of 10 million iPhones, a figure that some analysts have questioned, and executives said the iPhone would reach Asian markets this year.
BUSINESS
September 5, 2007 | From Times Wire Services
Apple Inc.'s iPhone outsold all other smart phones in the U.S. in July, its first full month on sale, accounting for 1.8% of all U.S. mobile handset sales, research group iSuppli said. ISuppli reiterated its forecast that Cupertino, Calif.-based Apple would sell 4.5 million iPhones this year, rising to more than 30 million in 2011. The two models of the iPhone on the market sold more than Research in Motion Ltd.'s BlackBerry series, the entire Palm Inc.
BUSINESS
January 3, 2009 | Bloomberg News
Apple Inc., maker of the Macintosh computer and the iPhone, was sued over claims that display screens on the company's iMac desktop computer are defective and show unwanted vertical lines. The lawsuit, filed Wednesday in federal court in San Jose, blames a faulty transistor or connection on the back of the screens. The suit, filed on behalf of consumer Aram Hovsepian, a Florida resident, seeks unspecified damages and class-action status. Apple, based in Cupertino, Calif.
BUSINESS
June 11, 2013 | By Chris O'Brien and Salvador Rodriguez, Los Angeles Times
SAN FRANCISCO - Apple Inc. unveiled a daring overhaul of its mobile operating system to kick off its annual developers conference, where it hopes to show critics that it has lost none of its innovative swagger. In addition to unveiling iOS 7, the company made a blizzard of other product and feature announcements that included upgrades to MacBook laptops and a new streaming radio service. As expected, there were no new iPhones or iPads, which are often announced separately. But the presentation seemed in spirit to also be a rebuttal to critics who contended that Apple had lost its innovative edge in the last year.
BUSINESS
August 30, 2013 | By Chris O'Brien
SAN FRANCISCO - Apple Inc., looking to tap into the exploding market for used phones, has launched an iPhone trade-in program at its retail stores. The move comes as the sale of higher-end smartphones is slowing, prompting gadget makers and wireless carriers to offer incentives to encourage customers to upgrade to the latest versions of their devices. "It's important to remember that the smartphone resale market is still relatively small," said Walter Piecyk, an analyst at BTIG Research.
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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