News That Matters

Tag: Apple

Apple temporarily closes stores in China amid virus outbreak

Apple temporarily closes stores in China amid virus outbreak

Health
Apple is temporarily closing its 42 stores in mainland China, one of its largest markets, as a new virus spreads rapidly and the death toll there rose to 259 on SaturdayBy Associated PressFebruary 1, 2020, 9:27 PM2 min readSAN FRANCISCO -- Apple is temporarily closing its 42 stores in mainland China, one of its largest markets, as a new virus spreads rapidly and the death toll there rose to 259 on Saturday. The iPhone maker said in a statement it was closing stores, corporate offices and contact centers in China until Feb. 9 “out of an abundance of caution and based on the latest advice from leading health experts." “Our thoughts are with the people most immediately affected by the coronavirus and with those working around the clock to study and contain it," the statement said. Apple's
University wins $1.1bn battle with Apple and supplier over iPhone patents

University wins $1.1bn battle with Apple and supplier over iPhone patents

World
Apple and the wifi chip company it uses for iPhones have been ordered to pay $ 1.1bn (£840.5m) to a university for infringing patents.A jury handed down the verdict in favour of the California Institute of Technology (Caltech) which claims the Broadcom wifi chips used in hundreds of millions of Apple iPhones infringed four of its data transmission patents. The amount relates to how much Caltech believes it could have negotiated in royalties with the two companies in 2010 if they had struck a deal with the university before putting Broadcom chips into new Apple devices.Apple said it plans to appeal the verdict, but declined to comment further on the case that was filed in federal court in Los Angeles in 2016 by the research university.In court filings, Apple said it believed all the univers
Stocks making the biggest moves after hours: Apple, Starbucks, AMD and more

Stocks making the biggest moves after hours: Apple, Starbucks, AMD and more

Finance
Customers look at Apple's new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai.Alex Tai | SOPA Images | LightRocket | Getty ImagesTake a look at the companies making headlines after the bell.Apple – Apple stock rose 2.5% after it reported strong fourth-quarter results that beat analysts' estimates on the top and bottom line. The results were powered by iPhone revenue and Apple's service businesses like Apple TV+ and iCloud. The company reported earnings of $ 4.99 per share on revenue of $ 91.82 billion, while analysts expected earnings of $ 4.55 per share on revenue of $ 88.50 billion, according to Refinitiv.Starbucks – Shares of the coffee giant dropped more than 1% after the company announced the closures of all cafes and deliveries for l
Apple ‘hacker’ spared jail over iCloud blackmail

Apple ‘hacker’ spared jail over iCloud blackmail

Technology
A 22-year-old man has admitted trying to blackmail Apple by claiming he had access to millions of iCloud accounts.Kerem Albayrak from north London threatened to wipe 319 million accounts unless Apple gave him iTunes gift cards worth $ 100,000 (£76,000).But an investigation found that Albayrak had not compromised Apple's systems.He has been given a two year suspended jail sentence and ordered to do 300 hours of unpaid work.In March 2017, Albayrak emailed Apple's security team, claiming to have breached millions of iCloud accounts.He posted a video on YouTube that appeared to show him breaking in to two accounts.He threatened to sell the account information, dump his database online and reset the accounts, unless Apple paid his iTu
Apple, Google and Amazon decide to ‘play nice’ over smart home tech

Apple, Google and Amazon decide to ‘play nice’ over smart home tech

Technology
The highly competitive tech giants Apple, Google and Amazon have announced they are teaming up in an effort to make smart home tech easier to use.The firms, along with the Zigbee Alliance, will work together so that smart home products are compatible with many different smartphones and voice assistants.Ikea is among other companies involved.One analyst said the move was a "surprise" and showed the companies were willing to "play nice".In recent years, the tech giants have been fiercely vying for dominance over smart home tech - with Amazon's Alexa and Google Assistant often considered to have carved up the lion's share of products.Manufacturers have often had to choose a particular voice assistant with which to make their device compatible - a smart speak...