Apple has not have fired 200 Beats employees…yet. According to a report from Billboard, all employees, except for about five who were fired due to performance issues, were offered full-time jobs and are going through Apple orientation. However, a large number of employees were told their job could be eliminated within three months to a year.
The July 2014 Apple lawsuit wrap-up sees the return of our old favorite—patent infringement lawsuit using patents so vague they could be applied to almost any technology. There’s a bout between Bose and Beats, Apple store employees grow tired of living by the sweat of their brow, and Judge Denise Cote shakes an angry fist in the air while saying, “Grrrrrrr! Apple!”
The Russian government has proposed that SAP and Apple, Inc. relinquish access to their source code to ensure the two companies’ widely used devices are not being used by spies to steal data from state institutions. The proposal was made last week when Communications Minister Nikolai Nikiforov met Apple’s general manager in Russia.
Apple has closed its $3 billion deal to acquire Beats. The announcement was made in a page posted on Apple’s website. The company took the opportunity to welcome Beats “to the family,” although they have yet to reveal what their plans for Beats are.
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.