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Apple to spend more than $400 million of $2.5 billion California housing fund this year

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(Reuters) - Apple Inc on Monday said it has allocated more than $400 million (317.4 million pounds) of $2.5 billion it pledged last year to stem California's housing crisis. The iPhone maker in November committed the funding to address what Chief Executive Tim Cook called a housing "affordability crisis that is existential" for many residents of the company's home state. Apple said that it is also working with a public-private group called Housing Trust Silicon Valley to start work on four projects in the San Francisco Bay area that will create 250 new units of affordable housing, many of them reserved for veterans, the homeless or formerly homeless, and residents with developmental disabilities. “We were able to immediately invest their funding into several new housing developments that will provide a permanent home to vulnerable residents across the region and reinforce our homelessness prevention system at a time when we’re seeing an unprecedented number of at-risk families in need," Jennifer Loving, Destination: Home’s chief executive, said in a statement.

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Saturday, July 11


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Amazon Launched 1,000 Deals for the Weekend — Including the Apple Watch Series 3 at Its Best Price Ever

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Amazon Launched 1,000 Deals for the Weekend — Including the Apple Watch Series 3 at Its Best Price Ever. From celeb-loved haircare to pretty plants, there are sales galore this July, but some of the best savings you’ll see this month are hiding in Amazon’s massive assortment. The retailer’s famous Goldbox Deals Page is packed with over 1,000 deals right now, and instead of sifting through each one to find the best offers, we did all the hard work for you and rounded up 10 of the most impressive sales right here. For a limited time, shoppers can score markdowns on Apple Watches, Dash air fryers, Bissell vacuums, wireless Anker chargers, and much more. Tons of popular electronics, gadgets, and accessories are discounted, like Anker’s wireless charger, which has racked up over 12,700 five-star reviews and is currently going for under $10.

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Friday, July 10


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Exclusive: Apple supplier Foxconn to invest $1 billion in India - sources

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NEW DELHI/TAIPEI (Reuters) - Foxconn plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said. The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and the coronavirus crisis. Foxconn's planned investment in the Sriperumbur plant, where Apple's iPhone XR is made some 50 km west of Chennai, will take place over the course of three years, the second source said. Some of Apple's other iPhones models, made by Foxconn in China, will be made at the plant, said both sources, who declined to be identified as the talks are private and details have yet to be finalised. Having Apple widen its local presence is likely to be a boost for Prime Minister Narendra Modi's flagship "Make In India" drive, aimed at creating new jobs. South Korea's Samsung has already said it will make smartphones for export from its plant outside New Delhi.

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Thursday, July 09


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Nokia launches data centre networking tools, developed with Apple

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(Reuters) - Finland's Nokia launched a set of tools on Thursday for data centre networking, developed in cooperation with Apple Inc, to help companies to manage the growth in traffic as 5G and machine learning technologies roll out. As the usage of 5G networks expands, vast quantities of data will be generated as more household appliances and other machines are linked up with sensors and artificial intelligence tools, creating the so-called "internet-of-things". Nokia, which competes against China's Huawei and Sweden's Ericsson to build 5G networks, has been broadening its portfolio by adding open interfaces to its 5G equipment and launching new networking products. "We worked very closely with (Apple) over the last two plus years to understand their requirements," said Steve Vogelsang, Nokia's chief technology officer for IP and optical business. Nokia's new tools aim to assist firms running big data centres, known as hyperscalers, such as Amazon, Alphabet Inc's Google, Microsoft and Facebook.

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Apple (AAPL) Expands iPhone Repair Program in US & Globally

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The program will also be opening its third-party iPhone repair program to independent repair shops in Canada and 32 countries across Europe, including the United Kingdom.Considering precautionary measures against COVID-19, Apple has been working with its partners to offer additional mail-in repair options and supporting the network in ways that meet health and safety guidelines. To qualify for the program, which is free to join, businesses are required to have an Apple-certified technician on staff. Need for Program ExpansionApple began the program last year in the United States after years of lobbying against state-level Right to Repair bills that would have compelled it to provide parts to independent shops. The company had activated a dormant software lock on the iPhone's battery, hindering third-party battery replacements.The company has long maintained a network of authorized service providers such as Best Buy to perform warranty work but smaller shops had complained that the program was too costly to join because of high volume commitments, leaving them without access to genuine Apple parts or the software tools needed to perform some repairs.Apple’s use of specific and expensive parts, including Touch ID sensors, display replacements and battery mounting make it difficult to use an alternative. However, lack of availability of Apple’s genuine parts for local repair work has increased demand for third- party components and repairs, which can affect device functionality.Notably, access to genuine repair agents has become an increasingly important consideration for customers who are holding onto their devices for longer periods.

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Wednesday, July 08


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Apple, New Cases Hit Record Highs

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The stock market had appeared to pay close attention to worsening virus conditions in the U.S. on Tuesday. By Wednesday, that concern had already disappeared; the U.S. just reported more than 60,000 new cases of the virus in a single day for the first time ever -- and the major indices all advanced by healthy margins. Tech giant Apple (ticker: AAPL) hit new all-time highs on Wednesday, advancing more than 2% on the heels of an analyst boosting the target price for the stock to $400 a share. United Airlines Holdings ( UAL) warned 36,000 employees, or nearly half of all U.S. workers, that they could be furloughed effective Oct. 1. Although air traffic has been steadily ticking higher from its lows in the early days of the pandemic, future reservations don't seem to be at healthy enough levels to support current labor costs, at least in management's eyes.

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Apple Stores Now Offering 'Shop With a Specialist' Appointments

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stores are now accepting appointments from customers who want to book a time at a local store to make a purchase with the one-on-one help of an Apple specialist, similar to Genius Bar reservations. The continued spread of the coronavirus in the United States and other countries has led Apple to implement safety measures that include limiting the number of people in a store, and as 9to5Mac points out, that can lead to long lines as customers wait to enter. Specialist appointments can be booked through the Apple Store app by searching for a local Apple Store and then selecting the "Shop with a Specialist" option on the store page. From there, customers can choose which product they're interested in and pick a time to visit the Apple Store. Appointments are available in 15 to 30 minute increments throughout the day depending on store location, with customers able to book up to three days ahead of their visit.

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Apple expands independent repair shop program to Europe, Canada

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(Reuters) - Apple Inc said on Wednesday it is expanding a program to supply repair parts, tools and manuals for iPhones to independent repair shops in 32 countries in Europe as well as Canada. Apple has long maintained a network of authorized service providers such as Best Buy Co Inc to perform warranty work, but smaller shops had complained that the program was too costly to join because of high volume commitments, leaving them without access to genuine Apple parts or the software tools needed to perform some repairs. Apple said Wednesday that 140 businesses with 700 locations have signed up for the program in the United States. Some of the independent shops, such as uBreakiFix, have multiple locations, while some are sole proprietorships. "When a customer needs a repair, we want them to have a range of options that not only suits their needs but also guarantees safety and quality so their iPhone can be used for as long as possible," Jeff Williams, Apple's chief operating officer, said in a statement.

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OLED Displays Coming To All 5G Model Apple iPhones In 2020: Report

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All of Apple Inc.'s (NASDAQ: AAPL) 5G smartphones will be equipped with OLED screens in 2020, which is likely to spur competition among display panel suppliers. What Happened: The Cupertino-based smartphone maker is likely to introduce four 5G models of its iPhones in 2020. Apple first made use of OLED displays in its 2017 model iPhone X and currently has those displays in iPhone 11 Pro and Pro Max models. A source told the Review that Apple’s new iPhones will be equipped with flexible OLED displays but the company was “unable to integrate the Face ID module into the display,” and therefore the newer models will still have a notch or a “fringe.”. Why It Matters: According to the Review, OLED displays can allow a manufacturer to make foldable phones and are in use by manufacturers such as Samsung Electronics Co Ltd (OTC: SSNLF), Huawei, Oppo and Vivo.

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Ruling in EU Apple tax case due next Wednesday - Ireland

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Ruling in EU Apple tax case due next Wednesday - Ireland. DUBLIN (Reuters) - The European Union's second highest court will next week rule in an appeal by Apple and Ireland against an EU ruling for the U.S. company to pay 13 billion euros ($16 billion) in back taxes, the Irish government said on Wednesday. The European Commission ordered Apple in 2016 to pay the taxes it said were owed to Ireland. But Apple and Ireland, whose economy benefits from hosting a number of multinational firms, began an appeal against the decision in September. "The State has been formally notified that the General Court of the European Union (GCEU) will deliver its judgment in the Apple State Aid case on 15th July," the Department of Finance said in a statement.

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