Apple Inc. (NASDAQ:AAPL) suppliers have started to build new iPads, according to sources with Bloomberg. Apple is working on boosting the sales of the iPad after seeing two straight quarters of declines.
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There is a guy named Sam Sung that used to work for Apple. As you know, Samsung, the Korean mobile company, is Apple’s largest competitor. Sam Sung has not worked for an Apple Store in more than several years, but his old business card went viral on the Internet. He found another business card, his old Apple t-shirt, and a lanyard to sell for charity.
Apple has launched new 13-inch and 15-inch Retina MacBook Pros. The new laptops have faster versions of Intel’s Haswell processors. The 13-inch models have 8GB of RAM standard and the 15-inch models now have 16GB of RAM.
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Apple Inc. (NASDAQ:AAPL) is currently in talks to acquire Swell, a “Pandora for talk radio.” Swell curates podcasts and sorts them into a personalized stream so it acts like a recommendation system. The deal is reportedly worth around $30 million.
Apple has confirmed that it has acquired book analytics company BookLamp, which is known as the “Pandora for Books” in April. According to sources with the acquisition, Apple acquired BookLamp to offer better discovery and analytics for its e-book store.
Apple Inc. (NASDAQ:AAPL) has announced its fiscal Q3 2014 earnings. Apple reported $37.4 billion in revenue and $7.7 billion in net profit ($1.28 per share). This is 5.9% revenue growth from a year ago and 19.6% in EPS (adjusted for the 7-for-1 split). Apple’s guidance from its last earnings released was between $36 billion and $38 billion in revenue with gross margin between 37% and 38%.
Apple has agreed to settle the e-book case for $450 million. Apple was accused of conspiring with five book publishers to fix e-book prices. The settlement would provide $400 million to consumers, but is conditioned based on the outcome of a trial in the 2nd U.S. Circuit Court of Appeals in New York where Apple is being accused of violating antitrust laws.