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Technology giant Apple reported record quarterly results and smashed market forecasts by selling 37 million iPhones globally in the final three months of last year – a performance which investors dubbed “just unimaginable”. Year-on-year first-quarter profits more than doubled to $13.1bn (£8.4bn), resulting in the firm’s share price going up by as much as 12 [...]
(Read More)19th Oct 11
Apple sales weaker than expected
by Sally Davies
Apple’s revenues increased to a new quarterly record of $28.27bn – a rise of 39 per cent – and profits went up by 54 per cent to $6.62bn, revealed its latest set of results. However, weak iPhone sales in comparison with the previous quarter and relatively sluggish sequential growth in sales of the iPad tablet [...]
(Read More)7th Oct 11
Tributes pour in for Steve Jobs
by Adam Richards
World and business leaders have led the tributes to the co-founder of Apple, Steve Jobs, who died yesterday at the age of 56 following a long fight with pancreatic cancer. Both US President Barack Obama and his Russian counterpart Dmitry Medvedev heaped praise on Mr Jobs, saying he had changed the world. Facebook founder Mark [...]
(Read More)5th Oct 11
Apple launches iPhone 4S as Steve Jobs passes
by Sally Davies
Apple unveiled a faster and slimmed-down version of the iPhone 4, the iPhone 4S, as newly appointed chief executive Tim Cook tried to nail down its position as the largest phone maker in the world and co-founder Steve Jobs finally lost his battle with cancer at the age of 56. The new product is expected [...]
(Read More)29th Aug 11
New Apple chief executive set for shareholder revolt
by Katie Naylor
Tim Cook, the new boss of Apple, is expected to have to face a shareholder’s revolt at his first annual meeting as the company’s chief executive. US pension fund Calpers opposes the system used for electing directors and therefore is likely to heap pressure on to the revamped board at the meeting in February. Mr [...]
(Read More)25th Aug 11
Steve Jobs resigns as boss of Apple
by Adam Richards
Steve Jobs has resigned as chief executive of Apple and put business he founded 35 years ago into the hands of new management as he finally succumbed to health problems which have troubled him for years. Although Jobs will keep the chairman title and stay on as an adviser, he has given day-to-day control to [...]
(Read More)8th Jun 11
Apple boss Steve Jobs unveils iCloud service
by Natasha Redman
Apple has unveiled its highly-anticipated iCloud service during its annual developers’ conference. Steve Jobs, the Apple boss, returned from medical leave in order to reveal the web-based service’s features. He explained that iCloud was necessary as the PC was not the digital hub of consumers’ digital lives anymore. The service aims to co-ordinate and synchronise [...]
(Read More)2nd Jun 11
Jobs to appear at Apple Worldwide Developer Conference
by Katie Naylor
Steve Jobs is set to appear on stage next week at Apple’s Worldwide Development Conference in San Francisco to introduce the next generation of the company’s mobile software, iOS 5, Apple confirmed. It will be only Job’s second public appearance this year. He announced in January that he was taking temporary medical leave from Apple [...]
(Read More)10th May 11
Apple topples Google as most valuable global brand
by Adam Richards
The launch of the Apple iPad has helped the company topple rival technology giant Google last year to become the most powerful brand in the world, a survey has revealed. WPP-owned research firm Millward Brown places Apple in first place in its annual global brand power top 100 list, Brandz, up from third position in [...]
(Read More)20th Apr 11
Apple asks judge to dismiss music download monopoly claims
by Harry Oldfield
Apple Inc has asked a federal judge to dismiss a customer antitrust lawsuit which claims that the company limited consumer choice by linking downloaded iPod music to its iTunes music store. An attorney for California-based company Cupertino, Robert Mittelstaedt, told US District Judge James Ware in the Californian city of San Jose that preventing iPod [...]
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