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NAS:AAPL, May 20, 11:26 UTC

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Apple clamps down on calling apps in China to obey local laws

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Apple clamps down on calling apps in China to obey local laws. China has been giving Apple grief over more than VPN apps, it seems. The 9to5Mac team has obtained messages telling iOS developers to remove CallKit (a framework that uses an Apple-made calling interface for other apps) from their apps if they want to continue offering those apps in China. The move reportedly followed "newly enforced regulation" from the country's Ministry of Industry and Information Technology, although the message isn't specific about the law.

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Apple Sued Over Alleged Keyboard Problem While Ramping Up Self-Driving Car Tests

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Apple Sued Over Alleged Keyboard Problem While Ramping Up Self-Driving Car Tests. FortuneMay 19, 2018. didn’t have much to say about its business over the past week--but that didn’t stop others. Meanwhile, a new report showed how Apple is increasing its presence in California’s self-driving car market. And we even learned of a possible front-runner in Apple’s search for a second headquarters. The law firm Girard Gibbs this week filed a lawsuit seeking class-action status against Apple that alleged that the MacBook and MacBook Pro’s “butterfly” keyboard design is “prone to fail.” The lawsuit was filed on behalf of two MacBook Pro owners, comes after nearly 25,000 people signed a petition requesting Apple address the problem. The iPhone maker has 55 permits to test self-driving car technology on California’s roads, topping the 51 permits Alphabet’s autonomous car division Waymo has.

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Why Buffett Keeps Buying Apple

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All the doom and gloom surrounding Apple Inc.(NASDAQ: AAPL), which centers primarily on weak demand for its flagship iPhone X and the growing saturation in the smartphone market, hasn't fazed one famed investor. Berkshire Hathaway(NYSE: BRK-A)(NYSE: BRK-B) CEO Warren Buffett, who is arguably one of the most well-known and successful investors of all time, has continued to buy massive caches of the iPhone maker's stock. Buffett added a mind-boggling 75 million Apple shares last quarter -- on top of the 165.3 million shares Berkshire already owned -- increasing its share count by a whopping 45%. After reviewing that initial purchase, Buffett himself began loading up on Apple shares, buying considerably more during the quarter, with purchases totaling 10 million shares. As time has passed, Buffett's love for the iPhone maker has only grown, and he's continued investing in the company ever since.

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Friday, May 18


News

Apple Loop: New iPhone Revealed, Updated iPhone 8's Secret Weapon, Apple Cuts Expensive iPhone Price

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Taking a look back at another week of news from Cupertino, this week’s Apple Loop includes the new design for the iPhone SE2, the bright colours planned for the iPhone 8S, lower pricing for new iPhones, why the MacBook Pro keyboard is a problem, the latest beta of iOS 11.4, the performance of HomePod, and a smartphone homage to the iMac. Apple Loop is here to remind you of a few of the very many discussions that have happened around Apple over the last seven days (and you can read my weekly digest of Android news here on Forbes). There are a number of iPhone designs for 2018 currently going around the geekerati.

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Gay-friendly Apple weighs North Carolina despite LGBT laws

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RALEIGH, N.C. (AP) — Gay-rights advocates are divided on whether to cheer or bemoan a potential marriage between the state of North Carolina and one of the global corporations most friendly to LGBT workers and causes. The project could create 5,000 North Carolina jobs, with a later target of 10,000 jobs, the economic development official said. And while they denied any direct tie to the Apple decision, top state legislators committed this week to a major expansion of tax breaks for any employers promising thousands of jobs. An Apple spokesman declined to say Friday how LGBT issues would play into its location decision. Some activists on lesbian, gay, bisexual, transgender and queer issues think North Carolina remains a bad fit. "Apple has an opportunity to lead by locating and investing in places that fully protect LGBTQ people. North Carolina is not one of those places," said Kate Oakley of the Human Rights Campaign, the nation's largest LGBT civil rights organization.

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What Institutional Investors’ 13F Filings Say about Apple

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Apple (AAPL) stock has had a rocky time in 2018, despite climbing 11.2%. Investor interest in the company’s outlook appears subdued given the slowing smartphone market trend. Apple reported a 31.0% YoY (year-over-year) increase in its Services segment’s revenues, which reached $9.2 billion.

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iPhone app makers are forming a 'union' to demand improvements from Apple

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iPhone app makers are forming a 'union' to demand improvements from Apple. The cadre calls itself the "The Developers Union," according to its website, and includes over 100 people as of Friday afternoon. Its main demand is allowing every app to offer users a free trial period "to show users their creation and establish value." In June of last year, Apple capped it all off with a redesigned App Store. But according to the documentary, not all of these changes benefitted developers equally. Some developers said they saw prices dropping and revenue declining as free apps with "annoying" in-app purchases seemed to take off instead. And as Apple has cranked out new features, like augmented reality, some consumers have complained that the quality of services like Siri has slowed.

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Apple's HomePod Makes a Small Dent in Smart Speaker Market During Debut Quarter

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Apple's HomePod Makes a Small Dent in Smart Speaker Market During Debut Quarter. Siri remains less capable than its competing counterparts, HomePod only supports Apple Music for full functionality, and the $350 price tag positions it at a significant premium. Market researcher Strategy Analytics is out with its estimates on the smart speaker market for the first quarter, estimating that Apple shipped approximately 600,000 units after HomePod launched in February. Amazon.com (NASDAQ: AMZN) is maintaining its strong grip on the market, although its share did drop quite a bit. But the overall market is simply growing so quickly that the e-commerce giant still doubled unit shipments of Echo devices.

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Apple Shipped This Many HomePods In The First Quarter

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Apple Shipped This Many HomePods In The First Quarter. FortuneMay 18, 2018. has shipped about 600,000 of its HomePod smart speakers since the devices debuted in February. However, , holds the smart speaker crown with 4 million Amazon Echo speakers shipped in the first quarter, a 102% year-over-year increase. That's according to research firm Strategy Analytics, which released a report this week about first quarter shipments of Internet-connected speakers. , with its Google Home branded speakers, trailed Amazon by shipping nearly 2.4 million speakers, a 709% year-over-year gain. Strategy Analytics did not provide Alibaba's smart speaker shipment numbers for the previous year, likely because Alibaba released its Tmall Genie smart speaker last July.

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Apple sends Ireland $1.76 billion in first payment for back taxes

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Apple sends Ireland $1.76 billion in first payment for back taxes. Back in 2016, the European Commission ordered Apple to pay Ireland around 13 billion euros ($15.3 billion at current exchange rates) in back taxes. Apple had a special sweetheart deal with Ireland, which the commission ruled was illegal. Neither party was happy with this decision. The first payment is for 1.5 billion euros (about $1.76 billion) and it's been deposited into an escrow account that was specifically established by the Irish government to collect these taxes from Apple.

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