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iPhone Reveal Sends Apple Stock Reeling
September 11, 2013
Shares of Apple dropped more than 5 percent on Wednesday morning following the widely anticipated unveiling of the company's two new iPhone models the day before. Representing the steepest drop in the stock since April, the tumble was accompanied by a newly lowered "neutral" rating by Credit Suisse, UBS and Bank of America Merrill Lynch. The stock also fell an additional 2 percent on Tuesday.
Apple's Big Rollout: Yawns Today, Brawn Tomorrow?
September 11, 2013
Onward and upward, or so the executive suite at Apple is clearly hoping. Tuesday's rollout of the iPhone 5c and the iPhone 5s -- and their related features and design quirks -- came as little surprise to company watchers as Apple's product pipeline has long been prone to leaks and speculation.
Ramping Up Retail in the Run-Up to Release Season
August 28, 2013
Apple's retail operations can be counted among Steve Jobs' "babies"; the stores' slick design and sales techniques are legendary in the industry for their per-square-footage sales. In 2012, Apple retail store sales outpaced Tiffany's by 40 percent. Apple is in no danger of following in the footsteps of, say, J.C. Penney or Sears, but its retail operations have shown some worrisome signs of decay.
Apple Wins Some, Loses Some in E-Book Price-Fixing Case
August 28, 2013
Apple must hire an external monitor to ensure it does not engage in fixing the prices of e-books, U.S. District Court Judge Denise Cote said Tuesday. Cote had found Apple guilty of price-fixing in a trial that concluded last month. Cote's latest decision followed discussions over penalties between Apple and the Department of Justice, which had brought suit over the price-fixing.
Why Oslo Is Off-Limits to Apple's Aerial Photographers
August 22, 2013
Apple's taken plenty of flak for its mapping system, and some of it is well-deserved. After all, the maps have erroneously led drivers into the middle of nowhere and shown buildings that appear as though they're melting. Don't blame Apple if its images of Oslo, Norway, aren't crystal-clear, however. That one's not on Apple. Norway has denied Apple the license required to take aerial photos of Oslo.
Icahn vs. Apple: When Did Extortion Become Legal?
August 19, 2013
What Carl Icahn has been doing with Dell -- and now with Apple -- is kind of like a protection racket. These were popular in the 1920s -- you paid the crime syndicate a fee if you wanted to say in business. I'm wondering if Icahn has found a legal way to extort money from companies in trouble. Icahn not only doesn't provide value for the "help" he gives -- he actually drains the firm's resources.
Icahn Salivates Over Apple's Cash Trove
August 16, 2013
Apple shareholders rejoiced when noted corporate raider Carl Icahn tweeted that he'd taken a large position in the company and said it was undervalued. Its shares closed at $497.91 on Thursday, down 59 cents from Wednesday's close. However, that was up 96 cents from Thursday's opening price. Trading was volatile on Thursday, with prices climbing above $500 at least once.
Samsung Slapped With ITC Ban in Patent Merry-Go-Round
August 12, 2013
Almost a week after the Obama administration overturned a ban issued by the ITC against the import of certain Apple items, the ITC made a similar ruling -- this time, against Samsung. The commission on Friday banned the import of two older versions of the Galaxy smartphone and Galaxy tablet, agreeing with Apple's contention that those products infringed two of its patents.
Publishers to Court: Slap Apple, Sting Us
August 09, 2013
Five major publishers may be collateral damage in the antitrust spat between Apple and the Justice Department. In a court filing opposing the DoJ's proposal for relief in the case it won against Apple, the publishers contend that killing the agency model for selling e-books would punish them. Of course, that model is what got the publishers in hot water with the DoJ in the first place.
Russian Social Network Tycoon Offers Job to Snowden
August 06, 2013
Hot air, maybe. But it's Edward Snowden, so it's news. Pavel Durov, the 28-year-old Russian CEO of social network site VKontakte, has offered Snowden a job as a security software developer. VKontakte is akin to Facebook and has 100 million active users, mostly from Eastern Europe. Last week, Russia granted Snowden, who had been holed up in a Moscow airport, temporary asylum.
11th Hour Veto Saves Older iPhones, iPads From ITC Ban
August 05, 2013
The Obama administration has overturned a decision by the International Trade Commission to ban the import of certain older Apple products after it found that they infringed on certain Samsung patents. The administration made the announcement on Saturday, one day before the ban was set to take effect. U.S. Trade Representative Michael Froman supplied several reasons for vetoing the import ban.
Apple Could Pay Staggering Price for E-Book Shenanigans
August 02, 2013
The U.S. Justice Department and 33 states' attorneys general have proposed remedies against Apple for its conviction on e-book price-fixing that could dry up a large portion of the company's revenue stream while benefiting Amazon and, possibly, Google. The proposed final judgment seeks to have Apple terminate contracts with the five codefendant publishers in the case.
2 Brits Jailed for Courtroom Web Use
July 30, 2013
Two men from near London, a 21-year-old and 29-year-old, have each been sentenced to two months in jail following contempt of court convictions for misusing the Internet while serving on a jury. The 21-year-old posted a Facebook message during a sex offense prosecution, saying that he wanted to "f*** up a paedophile." The 29-year-old, meanwhile, used Google to scour for extra information.
Apple Hit With 2 Shameful Allegations
July 29, 2013
Pegatron, which is reportedly making a new, less-costly plastic iPhone, has become the latest Apple supplier to be accused of labor violations, in a report published by China Labor Watch on Monday. Pegatron has denied the allegations, and both it and Apple have announced they will investigate the claims. "CLW has uncovered myriad violations," maintained CLW Executive Director Li Qiang.
Tech Industry Closes Ranks Behind Apple as ITC Ban Looms
July 29, 2013
The Business Software Alliance reportedly is pushing to overturn the U.S. International Trade Commission's ban against older iPhones and iPads, maintaining that it would set a dangerous precedent. When the ITC makes a decision to ban a particular product for import into the U.S., it is fast and usually final. That, after all, is what companies like about the ITC.
Apple Searches Haystack for Product to Move the Needle
July 24, 2013
Apple's upcoming new products will be the key to the company's emergence from its current doldrums, CEO Tim Cook told analysts during its third-quarter earnings call Tuesday. Asked by Piper Jaffray analyst Gene Munster if there were any product categories big enough to move the growth needle for Apple, Cook responded: "We'll see, Gene. We're working up some stuff that we're really proud of."
iPhone Deal May Leave Verizon on the Hook for $14B
July 12, 2013
Verizon may owe Apple between $12 billion and $14 billion for not selling as many iPhones as it promised to this year, according to two analyst reports revealed Thursday. Verizon committed to buy $23.5 billion worth of iPhones this year, leading to a potential shortfall of $12 billion to $14 billion, warned Craig Moffett of Moffett Research.
Apple's E-Book Story Still Largely Unwrit
July 12, 2013
A federal court's ruling that Apple violated antitrust laws when it worked with the publishing industry to manipulate the price of e-books probably won't benefit consumers much. "I don't think we're going to see prices come down immediately as a result of this," said Yasha Heidari, managing partner at the Heidari Power Law Group. "What I do think you will see is some bona fide competition."
Apple Hit Upside the Head by E-Book Ruling
July 10, 2013
A federal judge ruled Wednesday that Apple had violated antitrust laws by conspiring with several publishers to raise e-book prices. "The result is a victory for millions of consumers who choose to read books electronically," exulted Bill Baer, head of the DoJ's antitrust division. Apple has vowed to appeal, but it's widely expected that 33 states will seek damages in light of this ruling.
Apple Forfeits Claim to the 'App Store' Name
July 10, 2013
Apple has ended its lawsuit against Amazon over the right to use the "app store" name. U.S. District Judge Phyllis Hamilton dismissed the case at Apple's request, heading off a trial that was scheduled to begin in August. Apple has been selling apps for its iOS devices via its iTunes App Store since July 2008. Apple alleged that Amazon's use of the "appstore" name violated its trademark.
Apple Loses Bid to Corral Galaxy S4 Into Patent Suit
June 28, 2013
Apple's attempt to include Samsung's flagship smartphone, the Galaxy S4, in a patent lawsuit filed in California was rebuffed Wednesday by a federal court judge. Despite admonitions by Apple's attorneys that failure to include the S4 in a patent lawsuit scheduled to reach trial next year would result in more litigation, U.S. Magistrate Judge Paul S. Grewal rejected the proposal to rope it in.
Apple's E-Book Trial Shrouded in Fog, Not Smoke
June 19, 2013
The e-book price-fixing trial took another turn this week, with Apple claiming that what the Department of Justice called a "smoking gun" was simply a misunderstood email draft. Apple veteran Eddy Cue worked with the late Steve Jobs to engineer a price-fixing plan that would undermine Amazon's dominant position in the e-book market, the DoJ has alleged.
Apple Exec Points Finger at Publishers in E-Book Trial
June 15, 2013
Apple SVP Eddy Cue gave testimony Thursday in the e-book price-fixing trial under way in the New York U.S. District Court. Cue, who was Apple's primary negotiator with most of the publishers during the run-up to the launch of iBookstore in 2010, told the court that it was not surprising that publishers began increasing pricing for e-books after Apple entered the market.
WWDC 2013: All About Managing Expectations
June 12, 2013
There was no shortage of news coming out of Apple's annual Worldwide Developers Conference this week, including a glimpse at the next generation of iOS. On the hardware front, meanwhile, the company revealed it will launch a new desktop computer and a refreshed MacBook Air line. Then, of course, there was its new streaming radio application.

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