By Andy Greenberg, Forbes Staff
Apple takes great pains to protect its air-tight iOS app store from the malware that plagues PCs. But get physical access to the device’s data port–with, for instance, a carefully spoofed charger–and those app store protections can be bypassed in seconds. …read more
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By Connie Guglielmo, Forbes Staff Apple’s senior vice president Bob Mansfield, who announced his retirement in June 2012 only to return at the urging of CEO Tim Cook, is no longer listed among the top management team on Apple’s website. …read more
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By Connie Guglielmo, Forbes Staff
Apple will report its third-quarter results after the market closes, and the Cupertino, California-based company is expected to report a drop in profit and flat sales. …read more
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By Connie Guglielmo, Forbes Staff Apple is expected to report a drop in profit and flat sales when it releases third-quarter earnings today, although the results could get a lift on better-than-expected iPhone demand. …read more
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By Connie Guglielmo, Forbes Staff Apple’s “active talks” about returning some of its more than $137 billion in cash has remained just that, with the company so far not announcing any plans to return its hoard to investors in the form of buybacks or dividends. But that may not necessarily be a bad thing, says one analyst who thinks the delay in announcing new cash-back programs could signal that CEO Tim Cook and the board are planning something big as part of a series of announcements to help revive the stock.
Apple appears to be tightening the noose on apps that find the best third-party services to download from the App Store. Earlier this week Apple unceremoniously dropped AppGratis, a popular curation service with 12 million users, from the App Store, affecting 45 employees and leaving its CEO stunned. Apple didn’t give too much explanation other than that AppGratis violated two clauses from its App Store Review Guidelines.
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By Russell Flannery, Forbes Staff Apple’s shares may be getting beat up in the U.S. lately, but investing in a supplier can still pay off. …read more
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By Connie Guglielmo, Forbes Staff
Apple said today that its now using “clean, 100 percent renewable energy” at all its data centers. …read more
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By Connie Guglielmo, Forbes Staff
Apple watchers were a bit taken aback by the news yesterday that Adobe CTO Kevin Lynch will be joining the company as a vice president of technology, with some Apple fanboys saying they are surprised by the choice and pointing out that Lynch has been a vocal critic of the company in the past. …read more
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By Connie Guglielmo, Forbes Staff
Apple’s global marketing chief Phil Schiller took a shot at rivals Android and Samsung, saying that Google’s mobile operating system software is “fragmented,” that most users are running older versions of Android and that buyers of Samsung’s new Galaxy smartphone to be introduced tomorrow may be saddled with old software as well. …read more
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Apple shares are likely to remain range-bound in 2013, Piper Jaffray analyst Peter Misek asserts in a research note, due to the company’s lack of a big screen iPhone. …read more
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Apple shares are trading lower Wednesday, apparently at least partly due to reports that the China-based contract manufacturer Foxconn has halted all recruiting at least until March. A report in the Financial Times blamed the move on slowing production of the Apple iPhone 5. But Bloomberg reports that Foxconn is saying the move is not related to Apple, and instead reflects the fact that more employees returned from the Chinese New Year break than a year earlier. …read more
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Apple disclosed today that some Macs at the company – and elsewhere – have been affected by malware that exploited a vulnerability in the Java plug-in for Web browsers. The company said it does not believe it lost any data as a result of the attack, and it has rushed out a fix for the Java issue. …read more
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Apple hails the 775,000 apps on its App Store, but a sea of choice can end up being a glut for end users who struggle to choose the mobile service they really need. In the last few years, AppGratis (pronounced ‘gra-tese’) has stepped in to solve the problem. The free “app discovery” service offers users one free app a day from the App Store, and now has 10 million users, of which 3 million use the app everyday. It also makes more than $1 million a month in sales by taking a cut from in-app purchases after its promotions — something of a testament to the freemium model and AppGratis’ negotiating tactics. I caught up with the company’s French founder Simon Dawlat, to find out how his company would be spending a recent $13.1 million in extra funding, and why he doesn’t see his service as a “Groupon” for apps. …read more
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Apple this morning announced price reductions and some processor upgrades for its MacBook notebook line. The 13-inch MacBook Pro with retina display now starts at $1,499 for 128 GB of flash (down from $1,699), and $1,699 (down from $1,999) for the 256 GB version. The 13-inch MacBook Air with 256 GB of flash has been cut to $1,399, from $1,499. The 15-inch MacBook Pro now has a 2.4 GHz Intel Core i7 quad-core processor; the top-of-the-line 15-inch now has a 2.7 GHz quad-core processor. They remain priced at $2,199 and $2,799. I’d note that Mac sales in the December quarter missed Street expectations by a substantial margin. The cuts also come at a time when a flood of new thin-and-light Windows 8 laptops are showing up in retail stores. …read more
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Apple will launch a lower-priced iPhone in 2013, Topeka Capital analyst Brian White asserts in a research note this morning. He says a cheaper version of the phone will open up “attractive new growth opportunities in China and elsewhere around the world.” …read more
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By Steve Schaefer, Forbes Staff
Apple battling an activist investor; Michael Dell orchestrating a leveraged buyout of the PC-maker he founded; Standard & Poor’s facing a lawsuit charging fraud over its ratings of mortage-backed securities in the run-up to the financial crisis. …read more
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By Steve Schaefer, Forbes Staff
Apple’s incredible cash building has gotten out of hand, according to hedge fund manager David Einhorn, who wants the company to leverage its $137 billion hoard by borrowing at low rates to fund rich dividends on perpetual preferred stock it would issue to shareholders. …read more
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By Connie Guglielmo, Forbes Staff Apple, in response to a proposal today by activist investor David Einhorn of Greenlight Capital who essentially wants the company to pay out some of its more than $137 billion in cash to investors, issued the following statement today. …read more
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By Abram Brown, Forbes Staff Apple says it will begin production on a new iPad that doubles the capacity of older fourth-generation models.
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