Displaying items by tag: Apple
A Los Angeles jury ordered Apple and Broadcom to pay $1.1 billion to a university in California for infringing on four Wi-Fi technology patents. Apple was ordered to pay $837 million and Broadcom must pay $270 million to the California Institute of Technology, in what is thought to be one of the largest patent verdicts ever.
Caltech University had sued both tech giants in 2016, alleging that Apple products including iPhones, iPads and Apple Watches used Broadcom components that infringed on Caltech patents related to wireless data transmissions. Both Apple and Broadcom indicated they planned to appeal the verdict.
“As a nonprofit institution of higher education, Caltech is committed to protecting its intellectual property in furtherance of its mission to expand human knowledge and benefit society through research integrated with education”, the university said.
In court documents, Apple and Broadcom had said that Caltech's claims “are based solely on the incorporation of allegedly infringing Broadcom chips in Apple's iPhone, Mac, and other devices.”
“Broadcom manufactures the accused chips, while Apple is merely an indirect downstream party whose products incorporate the accused chips,” according to court filings. “Accordingly, the claims that Caltech has against Apple depend on establishing that the accused Broadcom chips infringe the patents and that the patents-in-suit are not invalid.”
Broadcom was the main target of the lawsuit but Apple was also named as it is one of Broadcom's biggest customers.
Apple has delivered record results for the final three months of last year, delivering gains in sales of iPhones even as the company transitions to digital services and wearables.
Net profit hit an all-time high of $22 billion on record quarterly revenue of $91.8 billion, the California tech giant said of the results which were far stronger than most analyst estimates.
Previously, Apple told investors that it expected revenue of “between $85.5 billion and $89.5 billion” in the quarter, along with “gross margin between 37.5 percent and 38.5 percent.”
"We are thrilled to report Apple's highest quarterly revenue ever, fueled by strong demand for our iPhone 11 and iPhone 11 Pro models, and all-time records for services and wearables," said Apple chief executive Tim Cook.
The results come with Apple seeking to shift its revenue mix amid a slumping smartphone market and growing competition in the segment, and relying more on services such as music, streaming television and other digital content.
Shares in Apple jumped two percent in after-market trades that followed release of the fiscal first-quarter earnings, extending a remarkable streak for the company. Shares have doubled from a year ago – lifting its valuation to more than $1.3 trillion.
The company has expanded its services with a streaming television offering, digital payments and wearable tech such as its AirPods and updated Apple Watch.
Analyst Yoram Wurmser of the research firm eMarketer welcomed "a strong quarter for Apple, primarily driven by strong sales of the iPhone 11 lineup."
Apple bought back $20 billion in shares during the quarter and paid some $3.5 billion in dividends as part of a stated mission to be "net cash neutral" some time in the future, Maestri said.
Apple has stopped reporting unit sales for the iPhone, which has been the main cash-generator for the company in recent years, but sales revenue for its smartphone sales was up nearly eight percent in the quarter at $55.9 billion.
Services revenue rose 17 percent from a year ago to $12.7 billion, driven by the launch of its Apple TV+ service and its new credit card.
The Apple TV+ on-demand streaming service launched in more than 100 countries at $4.99 per month, at a price lower than those offered by rivals such as Netflix.
For the category of wearables and home accessories -- including its HomePod speaker, Apple Watch and other gadgets -- revenue increased some 37 percent to $10 billion.
Apple forecast revenue between $63.0 billion and $67.0 billion in the current quarter.
Research from Canalys has indicated signs of a growth in mobile device sales in the third quarter of the year. This increase is seen after two years of a decline in shipments. Global smartphone shipments have increased by 1% in Q3 2019.
Samsung shipped the greatest number of smartphones, at 78.9 million devices, a rise of 11 per cent, compared to the corresponding period the year prior.
Huawei recovered from a weak second quarter and was second with 66.8 million units, up 29%, to gain 19% of the market. In its home market alone, Huawei shipped 41.5 million smartphones to reach a record market share of 42%, an annual growth of 66%.
While most of its growth was attributed to its performance in China, it also saw growth in overseas markets with volumes increasing 3.8 million over the quarter to 25.3 million due to a rise in demand during the pause in procurement in Q2.
By contrast, and mainly by weak performance of the iPhone XR, XS and XS Max in the lead up to its September launch event, Apple shipped 43.5 million units, an annual decline of 7%, leading to 12.3% of the market. This is an improvement on Q1 and Q2, which saw double digit declines.
Vincent Thielke, Canalys research analyst said that while the iPhone 11 launched to strong reviews, the lack of 5G in any of Apple’s products will hurt it in early 2020.
“It will miss out on heavy operator investment in 5G marketing and promotions, and the wide expectation for Apple to launch a 5G iPhone in September 2020 may convince some customers to delay purchasing, to ensure their device is future-proof,” Thielke said.
du, from Emirates Integrated Telecommunications Company (EITC), today announced it is offering the latest products from Apple, including iPhone 11 Pro and iPhone 11 Pro Max, a new pro line for iPhone, as well as the new dual camera iPhone 11. Customers can order iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max from du’s retail outlets or online
Fahad Al Hassawi, Deputy CEO – Telco Services at EITC, said: “At du, we are always on the lookout for innovative technology offerings to boost our customers’ lifestyles as well as the business continuity of the UAE’s enterprise segments. With the arrival of the powerful and advanced iPhone 11 range, we are proud to be delivering customers an innovative selection of device capabilities to empower and enrich their intrinsic lifestyle needs and business requirements.”
du’s individual customers can purchase their new iPhone 11 or iPhone 11 Pro and benefit from an exciting range of offers. For Postpaid plans, customers can enjoy zero upfront payments and du’s double data plan when buying the latest iPhone. Postpaid customers can also get a Device Installment Plan at zero upfront with any of du’s existing postpaid plans, which start from AED 120 per month. Meanwhile, Prepaid Plans are available in-store offering free eSIM capabilities and 11GB of data free over 11 Months upon purchasing the device.
du also has a comprehensive business-centric plan tailored to suit corporate customers’ needs. Enterprise customers can also purchase the latest iPhone with zero upfront fees and flexible installments under the Device Installment plan, starting from as low as AED 120 per month. In addition to these great offers, the business customer plan will include AppleCare+, the Enterprise Mobility Management (EMM) solution, Roaming Voice and Data offers, and Apple Business Manager, which helps businesses easily deploy and configure Apple devices. In addition, employee paid lines will have a separate value-inclined offering for the iPhone 11, with additional data benefits on Business mobile plans at an additional cost.
iPhone 11 Pro and iPhone 11 Pro Max feature a new triple-camera system that provides a pro- level camera experience with an Ultra Wide, Wide and Telephoto camera, delivering huge improvements to low-light photography with Night mode and the highest quality video in a smartphone. The powerful Apple-designed A13 Bionic chip provides unparalleled performance or every task while enabling an unprecedented leap in battery life, with iPhone 11 Pro offering up to four more hours of battery life in a day than iPhone Xs, and iPhone 11 Pro Max offering up to five hours more than iPhone Xs Max. The new Super Retina XDR in the 5.8-inch iPhone 11 Pro and 6.5-inch iPhone 11 Pro Max is the brightest and most advanced display ever in an iPhone. iPhone 11 Pro and iPhone 11 Pro Max come in four gorgeous finishes including a beautiful new midnight green.
iPhone 11 is packed with new powerful and innovative capabilities seamlessly integrated with iOS 13, bringing an unparalleled user experience. iPhone 11 introduces a powerful dual-camera system with all-new Ultra Wide and Wide angle cameras, producing the highest quality video in a smartphone, offering major improvements in low-light photography with Night mode, and Portrait mode of people, pets, things and more. iPhone 11 is powered by the A13 Bionic chip to perform the most demanding tasks, while getting through an entire day on a single charge, and is designed to withstand the elements with improved water resistance and the toughest glass ever in a smartphone. iPhone 11 comes in six new gorgeous colors including purple, green, yellow, black, white and PRODUCT(RED).
Apple unveiled its iPhone 11 models, touting upgraded, ultra-wide cameras as it updated its popular smartphone lineup and cut its entry price to $699. The newest handsets come as Apple seeks to spur new upgrades in a slumping global smartphone market.
Apple’s South Korea unit has proposed a settlement agreement with the country’ antitrust regulator, the Fair Trade Commission (FTC).
US technology behemoth Apple could be one of the main targets for China as they look to retaliate and respond to the US campaign against Huawei by Washington.
Spotify recently made an official complaint against Apple to the European Commission, accusing it of anti-competitive behavior and their complaints have now warranted an investigation.
US chipmaker Qualcomm has seen its shares prices soar on the New York Stock Exchange following the end to a long-running dispute between them and iPhone manufacturer Apple over patent license agreements.
The pair where set for another protracted legal battle in San Diego but managed to broker an agreement that satisfied both parties over royalty payments.
It has been reported that resolution deal between Apple and Qualcomm includes a six-year license agreement with the option to extend for two years, and a payment to Qualcomm from the US tech behemoth.
Qualcomm shares rocketed by 15.2% as news of the deal broke on Wall Street. Apple saw its share price rise by 0.7% although it was significantly less than that of Qualcomm. Dow member IBM saw its shares plummet by 4.6% after Q1 sales fell short of analyst projections.
The US economy has been under the microscope in recent weeks after some fiscal analysts had claimed it was slowing down. However, Wall Street stocks were mostly higher following better-than-expected Chinese economic data. China's first-quarter growth came in at above expectations at 6.4 percent following government stimulus measures, a report that eases concerns about slowing global growth.
US electronics behemoth Intel has made the decision to withdraw from the 5G smartphone modem business following the unlikely resolution agreement that was brokered between Qualcomm and Apple.
Apple and Qualcomm managed to settle the dispute between both parties over royalty payments and reached a deal ahead of fresh court case that was set to get underway in San Diego next week.
The modems that connect smartphones to telecommunications networks were at the heart of the battle between Apple and Qualcomm. Following the announcement the dispute had been resolved Intel wasted no time in exiting the 5G smartphone modem business.
Intel had clearly recognized and identified that there was an opportunity for them to capitalize on the dispute between Apple and Qualcomm, and then Apple had turned to Intel before reaching the agreement with Qualcomm.
The lawsuit was expected to be a protracted legal battle, but after the unlikely resolution it’s expected that Apple and Qualcomm will now become partners again before there fall out in 2017.
Intel issued a statement in which it indicated that it would complete an assessment of the opportunities for 4G and 5G modems in PCs, Internet of Things devices and other data-centric devices while pursuing investment opportunities in its 5G network infrastructure business.
CEO Bob Swan insisted that 5G will remain a key focus for the US electronics conglomerate and said its diverse portfolio of products will help them to become a major player in the 5G space.
Swan said, “5G continues to be a strategic priority across Intel, and our team has developed a valuable portfolio of wireless products and intellectual property. We are assessing our options to realize the value we have created, including the opportunities in a wide variety of data-centric platforms and devices in a 5G world."
The company also added that it would meet commitments to customers for its existing 4G smartphone modem product line, though it has no plans to launch 5G smartphone modem products, including those previously set to premiere in 2020
Currently under deployment, ultra-fast 5G wireless networks require terminals that are equipped with 5G models and specific network infrastructure.