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Clues by NC Team • 13 Feb 2019, Wednesday

A California law firm has reportedly filed a new class action lawsuit against Apple for forcing owners of iOS devices to repeatedly buy new chargers by updating the iPhones with new requirements around 2016.  "It is alleged Apple forced updates to the iPhones which were specifically designed and programmed to reject old iPhone chargers," the report added. The report said there were claims that iPhones stopped recognizing and accepting their old chargers. The lawsuit was filed after a user, Monica Emerson, found that her old charger suddenly stopped functioning properly with her iPhone.

Read More at CNBC TV18
Clues by NC Team • 12 Feb 2019, Tuesday

Apple Inc iPhone sales in China fell 20% year-on-year in the fourth quarter of 2018. In contrast, smartphone sales by home-grown rival Huawei soared by 23%, data from industry research firm IDC showed on Monday. That reduced Apple's market share to 11.5 percent from 12.9 percent a year earlier, the report said. Apple no longer gives out detailed numbers on iPhone shipments in its quarterly results meaning surveys by the likes of IDC are the closest indicators on the iPhone sales figure.

Read More at CNBC TV18
Clues by NC Team • 7 Feb 2019, Thursday

In an effort to ramp up slowing iPhone sales, Apple on Wednesday appointed Deirdre O'Brien as the new head of global retail and online stores. Brien will take over as Senior Vice President of Retail and People and will report to CEO Tim Cook. The current retail head, Angela Ahrendts, will quit the company in April after serving for 5 years. Apple reported $84.3 billion in revenue for the first quarter (Q1) of its fiscal 2019, a 5% fall year-on-year. Sales from iPhones declined 15% y-o-y in Q1. Apple operates 35 online stores and 506 retail stores in five continents.

Read More at The Economic Times
Clues by NC Team • 6 Feb 2019, Wednesday

Apple Inc is offering refurbished iPhone X at a hefty discount of upto $150 on its website. The iPhone X with 64GB storage is available at $769 after a $130 discount. It is available in both Silver and Space Grey colour choices. The 256GB model is available for $899, after a discount of $150. The refurbished models will come with the same one-year warranty as a brand new iPhone. It will have a new battery and outer shell. iPhone X features a 5.8-inch OLED Super Retina HD display, A11 Bionic chip, dual-camera at the back, and support for wireless charging. 

Read More at The Economic Times
Clues by NC Team • 6 Feb 2019, Wednesday

Apple Inc said on Tuesday that retail chief Angela Ahrendts will leave the company in April after five years on the job. This is the third departure of a retail head appointed from outside the company. The tech giant, known for its long-serving top executives, did not give a reason for the departure. Ahrendts, who is among Apple's highest-paid executives, came to the company in 2014 after being chief executive of fashion retailer Burberry Group Plc. Ahrendts earned $26.6 million in Apple's fiscal 2018, more than Apple CEO Tim Cook 

Read More at Business Standard
Clues by NC Team • 2 Feb 2019, Saturday

Apple Inc. apologized for a bug that let its video-chat FaceTime users eavesdrop on people they contacted even before the person accepted or rejected the call. The iPhone maker said it has fixed the flaw on its servers and will roll out an update to Apple’s iOS operating system next week. “We sincerely apologize to our customers who were affected and all who were concerned about this security issue,” Apple said in a statement. Once the fix is applied, it will also reactivate the Group FaceTime feature shut down when the problem was discovered.

Read More at The Financial Express
Clues by NC Team • 31 Jan 2019, Thursday

Apple CEO Tim Cook cited several factors why iPhone sales are not picking up in emerging markets like India. The customers are holding on to their older iPhones a bit longer than in the past, he said. The Apple CEO said the foreign exchange is another key factor behind the slow iPhone sales. "The relative strength of the US dollar has made our products more expensive in many parts of the world," he told analysts. According to Counterpoint Research, the growing competition in the premium segment, led by OnePlus, Samsung and Huawei, has dented Apple's market share in India.

Read More at CNBC TV18
Clues by NC Team • 30 Jan 2019, Wednesday

Apple Inc has for the first time revealed that it had about 900 million active iPhones users around the world as of the end of 2018. Of these, 75 million iPhones had come into use since the end of the previous year, the company informed. This was the first time that Apple broke down the number of units sold for any of its products. Revenue from iPhone sales were down 15% year-on-year at $52 billion in the October-December period, which Apple calls its quarter one. Total sales in the quarter were down 5% year-on-year at $84.31 billion. 

Read More at Business Standard
Clues by NC Team • 29 Jan 2019, Tuesday

Apple spent $60 billion last year with 9,000 American component suppliers and companies, an increase of more than 10% from the year before. "Since 2011, the total number of jobs created and supported by Apple in the US has more than tripled -- from almost 600,000 to 2 million across all 50 states," the company said. Apple on January 2 revised downwards its expected revenues from $89 billion to $84 billion for the first quarter of fiscal 2019. 

Read More at Moneycontrol
Clues by NC Team • 19 Jan 2019, Saturday

Google agreed to acquire smartwatch technology and personnel from Fossil Group Inc. in a bid to boost the search giant’s efforts in the category. The Alphabet Inc. unit will pay $40 million for Fossil intellectual property, according to a statement from the companies. Additionally, an unspecified number of Fossil’s research and development employees will join Google. Fossil said that 200 people will remain with that division.

Read More at The Financial Express
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