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Apple poaches top Sony TV executives to boost video content

Apple Inc (AAPL.O) has hired two long-time Sony Pictures Television executives to expand the iPhone maker’s push into original television programming, plunging deeper into a field crowded by Hollywood studios and online streaming services. Jamie Erlicht and Zack Van Amburg, responsible for hit shows such as “Breaking Bad,” “Better Call …

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Apple dips after report that future iPhone modems could lag rivals

Shares of Apple Inc (AAPL.O) fell more than 3 percent on Friday after Bloomberg News reported that iPhones launched later this year will use modem chips with slower download speeds than some rival smartphones. Apple is widely expected to upgrade its iPhone this year, which marks the device’s 10th anniversary, …

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Apple tops $800 billion market cap for first time

Apple Inc (AAPL.O) became the first U.S. company to top the $800 billion mark in market capitalization on Tuesday, slightly more than two years after it crossed the $700 billion threshold. The iPhone maker’s shares have gained 33 percent this year and almost 50 percent since the U.S. election in …

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Apple self-driving car testing plan gives clues to tech program

Apple Inc outlined a plan to train operators of self-driving cars in documents submitted to California regulators earlier this month, the latest clues to the company’s autonomous vehicle technology aspirations. Apple was granted a permit to test self-driving cars on April 14 by the California Department of Motor Vehicles but …

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Apple aims for more control, less cost as it accelerates in chip design

Apple Inc’s decision to stop licensing graphics chips from Imagination Technologies Group Plc is the clearest example yet of the iPhone maker’s determination to take greater control of the core technologies in its products – both to guard its hefty margins and to position it for future innovations, especially in …

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Chinese court rules in favor of Apple in local design patent disputes

A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported. Last May, a Beijing patent regulator ordered Apple’s Chinese subsidiary …

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Chinese court rules in favor of Apple in local design patent disputes

A Chinese court has ruled in favor of Apple in design patent disputes between the Cupertino, California company and a domestic phone-maker, overturning a ban on selling iPhone 6 and iPhone 6 Plus phones in China, Xinhua news agency reported. Last May, a Beijing patent regulator ordered Apple’s Chinese subsidiary …

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Apple drives further into Facebook, Snap territory with video app

With the release of a new video app called Clips, Apple Inc is inching one step closer to fully engaging in the messaging world, where its huge base of iPhone users could help it compete with Snap Inc’s Snapchat and Facebook Inc’s Messenger. Clips, which will hit Apple’s App Store …

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Apple says it spent $50 billion last year with U.S. suppliers

Apple (AAPL.O) spent roughly $50 billion last year at U.S.-based suppliers including 3M (MMM.N) and Corning (GLW.N), Chief Executive Tim Cook said on Tuesday, stressing the iPhone-maker’s commitment to U.S. manufacturing. Speaking at an annual shareholder meeting, Cook gave the previously undisclosed data at a time when Apple has come …

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Berkshire Hathaway gains $1.6 billion from its huge bite of Apple

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is sitting on more than $1.6 billion of gains in its investment in Apple Inc. (AAPL.O) after shares of the iPhone maker surged. Berkshire revealed that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2 million shares for a …

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