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.
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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.
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook is doing something that Steve Jobs likely never would have done. When Steve Jobs, the late co-founder and CEO of Apple, decided Cook should be his successor, he told him not to think of what Jobs would do and to do what is right.
A court has approved the rights for Apple Inc. (NASDAQ:AAPL) to trademark its retail store layouts throughout the European Union on Thursday. The EU Court of Justice approved Apple’s retail store layout trademark request, according to The Wall Street Journal. The decision was made after the store designs fulfilled key trademark criteria: they constitute a design and can be represented graphically. They also distinguish services and goods sold by Apple from other companies.
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Apple Inc. (NASDAQ:AAPL) SVP of Operations Jeff Williams recently attended a meeting with President Obama following the adoption of the White House’s ‘SupplierPay’ initiative. The SupplierPay program is an agreement between companies like Apple, Nissan, Rolls Royce and others to pay small business suppliers faster so that they can reinvest funds into growth.
There is a new report claiming that the Apple Inc. (NASDAQ:AAPL) CarPlay could expand to 24 million vehicles by the year 2019. There are currently 29 auto companies that are partnered with Apple for CarPlay, including Ford, Chrysler, Toyota, Audi, Volvo, etc. Apple announced CarPlay last year at WWDC. Some of CarPlay’s features include the ability to make phone calls, play voicemails, and listen to music through the in-dashboard touchscreen. Google has launched an auto dashboard service of their own and spearheaded the Open Automotive Alliance. Google’s dashboard service is based on Android and is called Android Auto. Android is backed by car companies.
Apple Inc. (NASDAQ:AAPL) is investing $55 million into a 100 acre and 17.5-megawatt solar farm in North Carolina. Claremont City signed off on a development agreement with Apple on Monday to annex land for its new solar farm. This investment further proves Apple is committed to fighting climate change by investing in renewable resources. This past April, Apple said that its data centers and 120 retail stores would be powered with renewable resources. Apple’s new headquarters will also run on green energy.