Apple to Replace AT&T on Dow Jones Industrial Average

Apple has been invited to join the Dow Jones Industrial Average, replacing American telecommunications giant AT&T on the stock index, according to The Wall Street Journal. The move is the latest milestone for Apple, which has emerged in recent years as the standard-bearer for a resurgent U.S. technology sector. The Cupertino, Calif., company in January … Continue reading Apple to Replace AT&T on Dow Jones Industrial Average

Apple Officially Welcomes Beats As Deal Closes

Apple on Friday officially welcomed Beats Electronics to its big Cupertino family, publishing a new splash page dedicated to the headphone maker. Today we are excited to officially welcome Beats Music and Beats Electronics to the Apple family. Music has always held a special place in our hearts, and we’re thrilled to join forces with a group … Continue reading Apple Officially Welcomes Beats As Deal Closes

European Commission Clears Apple’s US$3 Billion Acquisition of Beats

As noted by Engadget, the European Commission today gave Apple’s US$3 billion acquisition of Beats Electronics the green light, clearing one of the regulatory hurdles the tech giant faces in its bid to close the mammoth transaction. The EU commission ruled that the merger “did not raise concerns because the combined (headphone) market share of Apple … Continue reading European Commission Clears Apple’s US$3 Billion Acquisition of Beats

Apple to Acquire Radio App Swell for US$30 Million

Apple is close to acquiring radio app Swell Radio for US$30 million, according to a report by Re/Code. Apple is close to buying the Pandora-for-talk-radio app Swell, according to multiple sources. The deal is worth about $30 million, these sources say. Swell Radio is a mobile streaming application that works in a similar fashion to music streaming service … Continue reading Apple to Acquire Radio App Swell for US$30 Million

Bose Sues Beats Over Infringement of Noise Cancellation Patent

Consumer electronics giant Bose has filed a lawsuit against Beats Electronics, alleging infringement of its patents related to noise-cancelling headphones, reports TechCrunch. Bose alleges that Beats has infringed on 50 years’ worth of research, development and engineering of noise cancelling tech, and that its current lineup of these devices incorporates “at least 36 U.S. patents and … Continue reading Bose Sues Beats Over Infringement of Noise Cancellation Patent

Spike in Apple’s Quarterly Spending Hints At Major Upcoming Product Launches

Apple’s recent Q-10 filing reveals a significant increase in manufacturing and component purchases – a sign that the company could be gearing up for major product launches, according to a report on Friday by Appleinsider. The document filed with the U.S. Securities and Exchange Commission this week discloses that Apple’s commitments for third-party manufacturing and … Continue reading Spike in Apple’s Quarterly Spending Hints At Major Upcoming Product Launches

Apple’s Mobile Payment Service Could Be Launching This Fall

Apple is reportedly accelerating development of a mobile payment system, or an ‘e-wallet’, and could launch it as early as ‘this fall’ alongside the iPhone 6, according to tech site The Information. Conversations between Apple and payments-industry companies have heated up in recent months, with several people briefed on the talks saying that Apple executives … Continue reading Apple’s Mobile Payment Service Could Be Launching This Fall

Apple Hit With Class-Action Lawsuit Over Alleged Labor Violations

Shortly after Apple announced its fiscal third-quarter results earlier this week, TechCrunch reported that the company had been hit with a class-action lawsuit in California over alleged labor violations affecting more than 20,000 employees. The company is being sued in a class-action suit over a series of alleged violations of the California Labor Code, including the “timely” … Continue reading Apple Hit With Class-Action Lawsuit Over Alleged Labor Violations

Tim Cook: Apple Completed 29 Acquisitions in Past Nine Months

During its fiscal third-quarter conference call this week, Apple CEO Tim Cook announced that the company had completed 29 acquisitions in the past nine months, not including the widely-reported mammoth acquisition of Beats Electronics. In line with Apple’s penchant for secrecy when it comes to acquisitions, Cook did not provide any details of the 29 … Continue reading Tim Cook: Apple Completed 29 Acquisitions in Past Nine Months