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Posts by AppleInsider

A report on Wednesday claims Apple is accelerating work on a mobile payments system, or digital wallet, that could be ready by this fall, allowing customers to pay for physical goods with their iPhone instead of a credit card or cash. Citing sources familiar with the matter, The Information reports Apple is in talks with partner companies to launch a Google Wallet competitor as soon as this fall, with some saying the service may roll out with the so-called "iPhone...
Following Apple's record earnings report this week, investment firm RBC Capital Markets raised its price target to $110, recommending that investors buy ahead of what is expected to be a "busy fall" for the iPhone maker. Analyst Amit Daryanani issued a note to investors on Wednesday, a copy of which was provided to AppleInsider. In it, he has maintained his firm's "outperform" rating, and raised the target on AAPL stock from $100 to $110. With $164 billion in cash...
As e-commerce behemoth Amazon gears up for the release of its first-ever smartphone on Friday, technology journalists have begun to weigh in with their thoughts on the device -- and the returns don't look good for Jeff Bezos's brainchild. Farhad Manjoo of the New York Times Calling the Fire Phone a "solid device beneath a layer of whiz-bang frippery," Manjoo chides Amazon spending too much time on fanciful features like the head-tracking Dynamic Perspective system,...
Apple continues to invest heavily in research in development, with a 36 percent year-over-year increase seen last quarter, helping the company reach $4.36 billion in total R&D costs so far this fiscal year as new products in new categories are hotly anticipated. Apple spent $1.6 billion on R&D in the just-concluded June quarter, the company's 8-K for filed with the U.S. Securities and Exchange Commission on Tuesday reveals. That's up $425 million from the $1.18 billion...
The first public beta of Apple's forthcoming OS X 10.10 software update, known as Yosemite, will become available to download on Thursday, July 24 for testing ahead of its scheduled release this fall. Users can sign up for the OS X Beta Program at its official website, and will be able to install, test and provide feedback once it launches on Thursday. The Yosemite public beta launch was first announced on Wednesday by Jim Dalrymple of The Loop. Users can sign up with...
Though Apple's June quarter results were slightly below Wall Street expectations, investors expressed greater concern over the company's guidance for the current September quarter, but they were also pleased by improving gross margins, chalking up the results as a mixed bag. The New York Stock Exchange, credit Carlos Delgado via Wikipedia. Analysts are largely showing faith in Apple's product cycles, expecting big things from the company this fall, including new...
In what appears to be a response to allegations of installing "backdoor" services with the intent to harvest data from iOS devices, Apple on Tuesday posted to its website an explanation of three diagnostics capabilities built in to the mobile OS. Source: Jonathan Zdziarski As listed in the support document, Apple goes over three iOS services, explaining how they work and why they exist, possibly in an attempt to address accusations that it installs backdoor services in...
It appears Apple's most recent EFI update for mid-2011 Mac Book Air models contains a bug that in some cases fails to install, or more seriously creates system crashes. Apple pushed out the MacBook Air EFI update 2.9 last week to address sleep/wake issues seen on mid-2011 hardware running OS X 10.9.2 and later. On Tuesday, users began reporting the update as flawed on Apple's Support Communities forum, citing a number of problems including installation bugs and system...
Speaking to analysts, Apple's chief executive Tim Cook called the company's new Swift programming language "a huge leap forward for the iOS ecosystem" and an important contributing factor to the company's new partnership with IBM targeting enterprise app development. Cook opened his prepared remarks by noting Apple's "best ever" Worldwide Developer Conference had attracted a new record audience of "20 million people from around the world watching our keynote," where the...
A lawsuit being leveled against Apple was granted class certification on Monday, alleging the company's treatment of Apple Store and corporate operations employees constitute multiple California Labor Code violations. Apple was first accused of violating California's labor laws in 2011 by four employees who claim the company did not provide adequate break time, meal time and paychecks on a timely basis, reports TechCrunch. Most recently, plaintiffs were granted class...
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