Apple’s acquisition of Beats this past May means many Beats employees will eventually find themselves joining Apple’s workforce. However, not everybody will be making the transition; hundreds, in fact, may find their positions marked redundant.
In a note to investors, analyst Steven Milunovich praised Apple CEO Tim Cook for thinking “big”—something that bodes well for Apple’s future. He referenced comments the CEO made during Apple’s most recent earnings call, in which he stated the company has “a very large vision of what iOS can be.”
Apple CEO Tim Cook and CFO Luca Maestri have provided some fascinating details about the company’s business, chief of which was the revelation that Apple has paid over $20 billion to its App Store developers. What is truly surprising is how nearly half of the enormous revenue was earned by developers in only the last twelve months
Apple is reportedly nearing its acquisition of Swell, a talk radio curation service, for around $30 million. It is possible that Apple will utilize Swell’s technology to enhance its Podcasts app, which has been receiving fairly negative reviews because of performance issues.
Apple earned a revenue of $37.4 billion and a net profit of $7.7 billion during the third quarter in 2014, which ended June 28th. This is an increase over this time last year, which saw a revenue of $35.3 billion and net profit of $6.9 billion. The earnings are a result of strong iPhone and Mac sales.
Bill Campbell, the board’s longest-serving member, is retiring after 17 years of service. He first joined Apple in 1983 as vice president of marketing and was later Intuit’s CEO. Sue Wagner, founding partner and director of BlackRock, has been elected to Apple’s board of directors. BlackRock is the world’s largest asset-management company which Sue Wagner co-founded in 1988.
TSMC won’t be the only company working on Apple’s A7 processors. According to a new report from Reuters, the company may also work with Samsung to boost production of the A7 chips, which would put TSMC in the position of having to fight for business rather than being handed a nearly exclusive contract. Apple and Samsung have worked together many times in the past, but Apple has recently tried to move work away from Samsung.
It has been many years since IBM and Apple were on good terms, but with a new partnership it appears as though the companies are finally tolerating each other once again. Apple CEO Tim Cook and IBM CEO Virginia Rometty explained it is a “landmark” partnership, and the two companies apparently fit together just right.
Apple stores are arguably the nicest out of all the tech retail stores, but that isn’t because Apple employees are more attractive than everyone else. It turns out Apple employees are actually less attractive, on average, than employees from tech companies like Amazon and Microsoft, according to users of Hinge.
Processors from manufacturing company TSMC have been shipping to Apple since the second quarter of 2014, reports the Wall Street Journal. The A-series processors manufactured by TSMC are expected to be in future iOS devices like the iPhone and iPad, and the chips are coming from TSMC as the result of a manufacturing deal struck between the companies in 2013.
Apple recently made a deal with Jarir Bookstore, a major retailer in Saudi Arabia, to sell all Apple products and provide an after-sales service. Jarir Bookstore sells not just books, but a variety of computer supplies, video games, electronics, smartphones, office supplies, and more.
Once a customer experiences the low-hassle satisfaction of using an iPad or iPhone, it shouldn’t be a massive task to persuade them that Macs offer a superior PC user experience as well. In that context, increased convergence of OS X with the iOS makes marketing sense—something that appears to be coming with OS X Yosemite and iOS 8.