Apple

    • Alibaba nets record $30bn in Singles' Day sales

      Alibaba nets record $30bn in Singles' Day sales

      Chinese e-commerce giant Alibaba Group Holding Ltd made a record 213.5bn yuan ($30.7bn) in sales on Sunday during its annual 24-hour online retail frenzy Singles’ Day, showing robust consumer demand despite concerns about China’s economic growth slowdown. The 10th annual Chinese shopping bonanza, which was originally a novelty student holiday to celebrate being single, countering Valentines Day,  got off to a strong start with sales hitting $1bn in the first minute and 25 seconds. Just over an hour in, and sales exceeded $10bn. In under sixteen hours, furthermore, company's sales have already surpassed last year's record of $24.15bn, with more than a billion orders made.

      342
    • Microsoft becomes 2nd-most valuable US company

      Microsoft becomes 2nd-most valuable US company

      Microsoft just regained its position as the second most valuable US company by market capitalisation after losing it to Amazon back in April this year. The news comes after Microsoft reported good quarterly profit driven by its cloud computing business and its Surface hardware division whereas Amazon lost $65bn off of its market cap.

      349
    • Apple buys streaming analytics firm Asaii

      Apple buys streaming analytics firm Asaii

      Apple has reportedly acquired San Francisco-based music analytics startup Asaii in an obvious effort to further refine Apple Music recommendations and better integrate with up-and-coming artists. The deal, which has not been confirmed by Apple, was reportedly worth less than $100m. 

      347
    • Vintage Apple-1 computer sells for $375,000

      Vintage Apple-1 computer sells for $375,000

      In the 1970s, a brand new Apple-1 system made by Steve Jobs and Steve Wozniak sold at the Byte Shop in Mountain View, California, for $666.66, launching the personal computer age as well as a trillion-dollar company. On Tuesday, one of less than 70 remaining original Apple computers sold at auction for $375,000, or more than 562 times the original sale price all those years ago.

      439
    • What Apple announced during it's 'Gather round' event

      What Apple announced during it's 'Gather round' event

      The trillion-dollar tech company Apple unwrapped on Wednesday a bunch of market-leading technology from its Steve Jobs Centre, providing improved performance and new features. Among the slew of new products it presented at its big annual event was the fourth generation of the Apple Watch, but most importantly – three new handsets.

       

      415
    • EU clears Apple's acquisition of Shazam

      EU clears Apple's acquisition of Shazam

      Apple's plan to buy Shazam, the UK-based app that can identify any song playing nearby, has been finally given the green light from European regulators. After months of in-depth investigations the European Commission announced today its approval of Apple's acquisition of the British music recognition app, concluding that the merger would not adversely affect competition in the European Economic Area or any substantial part of it.

      392
    • Apple's Shazam bid to get EU approval

      Apple's Shazam bid to get EU approval

      Apple's plan to buy Shazam, an app that can name a song playing nearby, may finally get the thumbs-up from European regulators. According to media the European Commission is about to approve Apple's acquisition of the British music recognition app without demanding concessions. The commission, the executive arm of the European Union, however, will not announce its final decision on the deal until 18 September and for now declines a comment.

      375
    • Apple's main network was hacked by teenager

      Apple's main network was hacked by teenager

      A 16-year old Australian teenager is currently facing criminal charges after hacking into Apple's so-called "backend network", stealing 90GB of secure files, and downloading private user data multiple times over the past year, The Children's Court in Melbourne announced. Once the tech giant detected the security breach it reportedly called in the FBI, who in turn reached out to the Australian Federal Police (AFP). Consequently, a raid was conducted on the teenager's family home by police officers.

      348