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BUSINESS
January 19, 2011 | By Jessica Guynn and Tiffany Hsu, Los Angeles Times
Apple found a way to divert attention from Chief Executive Steve Jobs' health Tuesday ? a blowout $6 billion in profit. A day after Jobs stunned investors and employees alike by announcing he was taking medical leave for the third time in seven years, Apple Inc. crushed analysts' estimates with record first-quarter revenue and earnings. The company's stock rallied on the report, buoyed by impressive sales of iPhones, iPads and a pipeline of consumer gadgets. Shares fell a less-than-anticipated 2.2% to $340.
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BUSINESS
October 31, 2012 | By Salvador Rodriguez
The latest version of Apple's music player, iTunes 11, which was expected this month, won't be available until the end of November, the company said. The update is to add several features, change some portions of iTunes' design and, most important, better integrate it with iCloud, the Cupertino-based company's cloud-computing service. But Apple failed to meet its late-October deadline for the update, telling CNET this week that it hopes to release iTunes 11 next month. "The new iTunes is taking longer than expected, and we wanted to take a little extra time to get it right," Apple spokesman Tom Neumayr told CNET . "We look forward to releasing this new version of iTunes with its dramatically simpler and cleaner interface, and seamless integration with iCloud, before the end of November.
BUSINESS
February 21, 2013 | By Salvador Rodriguez
A hiring freeze at Foxconn, Apple's biggest supplier, has caused the Cupertino tech giant's stock price to drop since Wednesday, when news of the freeze broke. According to both the Financial Times and Bloomberg , Foxconn won't hire any more employees until the end of March. But there's some confusion as to why that is. Citing unnamed sources, the Financial Times report says a drop in demand for the iPhone 5 is behind the hiring freeze. QUIZ: Test your Apple knowledge "Foxconn's demand for workers this year was as low as that in 2009," a source in the report said.
BUSINESS
March 22, 2012 | By Deborah Netburn
Are you struggling with a multiremote system at home? Do you wish you could control your television, DVR and DVD player with one single remote that wouldn't be a pain to program? Do you think that remote should be your iPhone? Then get psyched: On Thursday Patently Apple turned up a patent filed by Apple that shows the company is hard at work designing the remote control of your dreams. Apple's patent, which the company filed in the third quarter of 2010, would allow you to take a picture of an existing piece of electronic equipment - your television for example, and send it to the iCloud, where Apple would determine the type of device you want to control as well as the make and the model of that device.
BUSINESS
December 12, 2012 | By Salvador Rodriguez
Apple iTV rumors are getting back into full swing following a report saying the company is checking out several designs for a high-resolution television set. The Cupertino-based tech company is sharing the designs with some of its suppliers, including Foxconn, which puts together the iPhone, and Sharp, the Wall Street Journal reported. "It isn't a formal project yet. It is still in the early stage of testing," one of the report's unnamed sources said. PHOTOS: Top 10 tech products of 2012 According to the report, Apple has been testing television prototypes for a number of years, but has finally begun expanding its tests to include its supply chain partners.
BUSINESS
September 11, 2012 | By Salvador Rodriguez
After many months of waiting and speculating, we're finally on the eve of what could be Apple's announcement of the iPhone 5. But what exactly will the phone include? And is the iPhone 5 the only thing Apple will announce? You can never be too sure with Apple, but here's what we think you can expect from the tech giant on Wednesday in San Francisco. iPhone 5 Expect Apple to announce the iPhone 5. After disappointing people with the iPhone 4S last year, which was basically just a software update with some internal improvements, Apple will likely make a splash with the next iPhone.
BUSINESS
July 28, 2012 | By Andrea Chang
Apple, looking to boost its social media presence, may be considering a stake in micro-blogging site Twitter, according to the New York Times. But according to the Wall Street Journal, that was so a year ago -- and nothing came of the talks. The differing views came to light late Friday, with the Times saying people briefed on the matter said Apple "has talked with Twitter in recent months" about making a strategic investment in it. The paper said Apple had considered an investment "in the hundreds of millions of dollars, one that could value Twitter at more than $10 billion.
ENTERTAINMENT
June 10, 2013 | By Carolyn Kellogg
Apple will bring iBooks to laptops and desktops, it announced in the keynote of its Worldwide Developer Conference on Monday in San Francisco. Since the launch of the iBookstore in 2010, iBooks has only been available as an app. The complete iBooks marketplace, 1.8-million titles, will be available to users on Apple laptops and desktops using its OS X operating system. Any books that you have previously purchased will be available on your laptop or desktop, reports the Next Web. With the move, Apple makes a direct appeal to student users.
OPINION
June 2, 2011
In the last decade, Apple made the 99-cent download the standard unit of music sales. Now, Apple is reportedly poised to try a second transformation, enticing music fans to store songs online — "in the cloud" — instead of on a hard drive. If the company's iCloud helps persuade the masses to embrace cloud-based services, that could help reverse more than a decade of sliding music sales. That's a big "if," however, and much depends on the labels' willingness to change. The shift from physical CDs to digital files has been a mixed blessing for the music industry, opening the door to rampant online piracy as well as promising new business models.
BUSINESS
December 5, 2012 | By Chris O'Brien
You know things have gotten bad for Apple Inc.'s battered stock price when analysts start pointing to something called a "death cross" as the best hope for salvation. Before I explain just what the morbid-sounding term means, let's review the carnage from Wednesday's trading. Apple's shares fell 6.4% on Wednesday, tumbling $37.05 to close at $538.79. On a percentage basis, that's the largest one-day drop in four years. If you're keeping score at home, Apple just lost $34.9 billion in market cap. In one day. In case that didn't make your jaw hit the floor, consider this: Apple lost more market cap Wednesday than either Hewlett-Packard Co.
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