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Apple’s Quarterly Profit Down Because of Tax Payment in Europe
Sales for the iPhone maker were up 6 percent to to $94.93 billion. But a $14.4 billion tax bill cut profits that would have topped expectations.Tech - The New York Times - 5 days ago -
Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services.Business - CNBC - 4 days ago -
Apple to buy Pixelmator, the iPhone image editing app with AI features
Pixelmator said there "will be no material changes to the Pixelmator Pro, Pixelmator for iOS, and Photomator apps at this time."Business - CNBC - 4 days ago -
Warren Buffett slashes Apple stake as he boosts cash to record high
Berkshire’s stock-selling spree extends for eighth quarter, with $166bn dumped over the periodBusiness - Financial Times - 3 days ago -
Warren Buffett sitting on billions as Berkshire Hathaway sells Apple stock
Berkshire said in its earnings report Saturday that it sold off roughly another 100 million Apple shares in the third quarter after halving its massive investment in the iPhone maker last quarter.Top stories - CBS News - 3 days ago -
Why Apple shareholders may want the Tim Cook era to come to a close
Does Apple’s current leadership possess the necessary vision and agility to manage a challenging AI future?Business - MarketWatch - 3 days ago -
Apple iPhone 16 Pro Max review: totally maxed out
Even bigger titanium superphone packs very long battery life and great camera but Apple Intelligence isn’t killer feature. The iPhone 16 Pro Max is Apple’s latest superphone, with a massive screen, ...World - The Guardian - 2 days ago -
Indonesia steps up trade protectionism with Apple and Google phone bans
South-east Asia’s largest economy pushes foreign tech groups to invest locally or lose market accessWorld - Financial Times - Yesterday -
Apple warns future products may never be as profitable as iPhone
Analysts say artificial intelligence and virtual reality headsets might have lower margins than smartphones and App StoreBusiness - Financial Times - 20 hours ago -
Don’t bet on a taxing outcome for UK gambling companies
Fears that money would flow from the regulated sector has long deterred action against the industryBusiness - Financial Times - October 14 -
Britain’s summer riots paid off for one company
Mitie Group, a provider of outsourcing services, said the provision of “surge response” security services for the U.K. Home Office was one factor behind a 13% rise in revenue in the first halfBusiness - MarketWatch - October 15 -
House Democrats call on companies to retain DEI program
Forty-nine House Democrats signed an open letter to Fortune 1,000 chief executives asking them to affirm their commitment to their workplace equality initiatives, amid heightened backlash and legal ...Politics - The Hill - October 15 -
SAG-AFTRA and game companies resume negotiations
The SAG-AFTRA talent union has resumed negotiations with video game companies around rules for using AI for voice acting in games.Tech - VentureBeat - October 15