Apple

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Apple Case Cinches It: We Need Tax Reform Now
Apple Case Clinches It:
We Need Tax Reform Now
OPINION
May 22, 2013 1:52 PM CDT

Apple Case Clinches It: We Need Tax Reform Now

Don't blame the company, blame the tax code, say critics

(Newser) - So what can we take away from Apple chief Tim Cook's testimony on Capitol Hill yesterday about the company's byzantine tax strategy ? Not that Apple did anything illegal, only that it's savvy enough to employ "smart accountants and tax lawyers," says the editorial board...

Apple's 'Offshore' Billions? They're in Manhattan

Has $102B in 'overseas' profits right here, and the IRS can't touch it

(Newser) - Tim Cook went before the Senate yesterday, answering accusations that Apple is keeping billions from the IRS' clutches by holding it in overseas subsidiaries. Only that money isn't actually overseas, the New York Times reports—its $102 billion in offshore profits is managed by a subsidiary based in Nevada...

Apple CEO on Tax Shelters: 'I'm Not an Unfair Person'

Defends practices, company's contributions to US economy

(Newser) - Tim Cook is on Capitol Hill today to answer criticism that Apple uses overly creative—but legal—accounting practices to avoid paying billions in taxes . The highlights amount to Cook defending the company's practices, while critics such as Carl Levin and John McCain accuse it of shirking its tax...

Apple Kept Billions Out of IRS' Reach: Probe

Though tax havens and subsidiaries

(Newser) - A Senate inquiry into Apple has accused the company of keeping billions out of the reach of the IRS through tax havens and a complex network of overseas subsidiaries. The company runs its non-American operations through affiliates based in Ireland, which has a low tax rate. However, investigators say many...

Winning Bid for Coffee With Tim Cook: $610K

Apple CEO will spend up to an hour with lucky bidder

(Newser) - Someone just paid $610,000 to have coffee with Tim Cook sometime in the next year. A charity auction for up to one hour with the Apple CEO closed yesterday, and the winning bid was quite a bit higher than Charitybuzz's suggested value of $50,000, NPR reports. The...

Facebook Cracks Fortune 500 List

Walmart takes No. 1

(Newser) - Fortune released its annual Fortune 500 rankings today, determining once again which American companies are best at capitalism in 2013. Notable takeaways include:
  • Walmart reclaimed the No. 1 position with a revenue of $469.2 billion, sending oil companies Exxon Mobil ($449.9 billion), Chevron ($233.9 billion) and
...

Apple's iOS 7 Overhaul Likely Sleek—and Late

New design guru giving software a makeover

(Newser) - Apple's next mobile operating system, iOS 7, is supposed to be in the sweaty palms of Mac fanboys as early as September. But—at least within the company—deadlines are being pushed back as the company's new design visionary, Jonathan Ive (who recently made the Time 100 list),...

Apple Holding Biggest Bond Sale in US History

Company will reportedly sell $17B worth

(Newser) - Apple is whipping out its proverbial credit card in a huge way. The firm intends to sell $17 billion in bonds, in what would be the biggest sale of investment-grade corporate debt in US history, sources tell the Wall Street Journal . Apple wouldn't comment on the sale or confirm...

Google's Now Steps on Siri's Toes

Google Now comes to iPad, iPhone today

(Newser) - "Siri, are you worried about the debut of Google Now for iOS?" Reply: "We were talking about you, not me." And we won't be talking about her for the remainder of this story, at least. Google today ventures further into Apple territory with the release of...

In a First, Smartphones Outpace Regular Ones

Samsung leads the way in units shipped, with Apple in second

(Newser) - It's a tech milestone: For the first time, more smartphones were shipped in a quarter than regular mobile phones, reports PC Magazine . Market Research firm IDC says 216.2 million of the 418.6 million mobiles shipped in the first three months of the year were of the smartphone...

Apple's 'Next Big Thing'? It's Already Here

iPad is going to surpass iPhone in importance, says Farhad Manjoo

(Newser) - With Apple's stock falling , everyone's wondering when the company will launch its "next big thing" to save the day, writes Farhad Manjoo at Slate . Will it be an iWatch or maybe a TV? Nope, turns out the next big thing actually arrived in 2010—it's called...

Cup of Coffee With Tim Cook: Just $180K

Charity site auctions chance to chat with Apple CEO

(Newser) - Would you spend $180,000 for a half-hour with Tim Cook? If so, you're not alone: That's how high the auction price stands for coffee with the Apple CEO. The site charitybuzz is auctioning off the coffee date of 30- to 60-minutes to benefit the RFK Center for...

Apple Giving $100B to Shareholders

Profit falls 18% but beats analysts' estimates

(Newser) - Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. The news came as the company released its fiscal second-quarter earnings after the stock market closed. Results beat analysts' estimates, though Apple posted its first...

Is Apple Going to Ax Cook?

 Is Apple Going to Ax Cook? 
Rumor Mill
Apr 22, 2013 10:44 AM CDT

Is Apple Going to Ax Cook?

Rumor has it CEO's days are numbered; is that a good thing?

(Newser) - Are Tim Cook's days at Apple numbered? The gadget giant is secretly headhunting for a new CEO, anonymous "Wall Street sources" tell Gene Marcial at Forbes , though Marcial cautions that there's "yet no available evidence" to back the claim up. Even if the rumor is false,...

Apple to Pay $53M in iPhone 'Water Damage' Lawsuit

Customers said Apple did not honor warranty

(Newser) - Apple is prepared to pay $53 million to the hundreds of thousands of people affected by a class action lawsuit that alleges the computer giant did not honor its warranties for iPhones and iPod Touches, reports Wired . While refusing to admit any wrongdoing, Apple would pay about $200 per person,...

Apple Rolling Out 60" 'iTV' With 'iRing' Control: Report

Analyst says info came from Asian suppliers

(Newser) - Longstanding rumors that Apple will add television to its repertoire of gadgets are heating up, as an analyst is claiming the 60-inch "iTV" is coming late this year, reports the AP . Brian White of Topeka Capital Markets said component manufacturers in Taiwan and China had revealed that the...

New iPhone Might Be Out This Summer
 New iPhone 
 Might Be Out 
 This Summer 
rumor mill
Apr 2, 2013 2:19 PM CDT

New iPhone Might Be Out This Summer

Wall Street Journal says production to begin soon

(Newser) - Apple might have a new version of the iPhone on store shelves this summer, reports the Wall Street Journal . The company plans to start production this quarter, though details are scarce on what, if any, major changes are in store. The iPhone 5 has been out since last September. The...

Apple to China Consumers: Sorry if We're 'Arrogant'

Tim Cook apologizes despite signs criticism was all hoopla

(Newser) - Apple issued an apology to Chinese consumers today after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism. A statement Apple posted in Chinese on its website today said the complaints had prompted "deep reflection" and persuaded the company of the...

Future iPhone May Land Safely When Dropped

Apple seeks patent to make sure phones re-orient in mid-air

(Newser) - Ever cracked your cell phone by dropping it on a hard surface? You may be pleased to know that Apple has submitted a patent for a device that would flip over falling iPhones so they land without breaking the screen, the Telegraph reports. First revealed on Appleinsider , the mechanism would...

Employees Say the Top CEO in America Is ...

Mark Zuckerberg wins poll, tying with SAP's co-CEOs

(Newser) - Mark Zuckerberg may not be able to keep his investors happy , but those inside Facebook still love him. Zuckerberg just topped Glassdoor's latest list of the 50 highest-rated CEOs in the country, with a 99% approval rating from Facebook employees, reports PC Mag . Not surprisingly, Facebook employees also voted...

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