SAN JOSE, Calif. (AP) — Apple, beset by falling iPhone sales, announced upcoming changes to its phone and computer software intended to highlight its increasing emphasis on digital services and to further position it as a fierce guardian of personal privacy. The revisions previewed Monday during a conference in San Jose, California, included a new…
Apple’s Fiscal 2Q Revenue, Profit Sag Amid iPhone Slump
SAN FRANCISCO (AP) — Apple’s sales are still shrinking amid weakening iPhone demand, despite the company’s increasing emphasis on services designed to bring in a steady flow of money from the 1.4 billion of its devices still in use. Revenue for the January-March quarter fell 5% from the same time in 2017 to $58 billion,…
Yahoo to Pay $117.5M in Latest Settlement of Massive Breach
SAN FRANCISCO (AP) — Nearly 200 million people who had sensitive information snatched from their Yahoo accounts will receive two years of free credit-monitoring services and other potential restitution in a legal settlement valued at $117.5 million. The deal revises an earlier agreement struck last October, only to be rejected by U.S. District Court Judge…
iPhone Sales are Falling, and Apple’s App Fees Might Be Next
Last year, every time someone paid $11 for Netflix through an iPhone app, Apple pocketed as much as $3.30. Multiply that by every charge made through iPhone apps and you can see why Netflix and other companies are fed up about what they consider Apple’s unfair market power. Late last year, Netflix rebelled against Apple’s…
Apple Opens New Chapter Amid Weakening iPhone Demand
Apple hoped to offset slowing demand for iPhones by raising the prices of its most important product, but that strategy seems to have backfired after sales sagged during the holiday shopping season. Results released Tuesday revealed the magnitude of the iPhone slump — a 15 percent drop in revenue from the previous year. That decline…
Smartphone Makers Bet on Foldable Screens as Next Big Thing
For the past few years, the smartphone industry has been searching for a breakthrough to revive a market mired in an innovation lull and a sales slump. A potential catalyst is on the horizon in the form of flexible screens that can be folded in half without breaking. Samsung and several rivals are preparing to…
Apple’s 4Q, Change in iPhone Sales Disclosure Jar Investors
Apple’s faithful customers aren’t snapping up iPhones quite as enthusiastically as anticipated heading into the crucial holiday shopping season. But the latest models costing $1,000 and more are popular enough to keep propelling profits ever higher for the world’s most prosperous company. The mixed bag emerged in the quarterly results Apple released Thursday amid jitters…
Facebook Unveils Quest, its New Virtual-Reality Headset
Facebook CEO Mark Zuckerberg is off to a slow start in his mission to bring virtual reality to the masses, so perhaps it’s appropriate his company’s next VR headset will be called Quest. The headset from Facebook’s Oculus division will be a stand-alone device that won’t require a smartphone or a connection to a personal…
The Apple Watch is Inching Toward Becoming a Medical Device
Apple is trying to turn its smartwatch from a niche gadget into a lifeline to better health by slowly evolving it into a medical device. In its fourth incarnation, called Series 4 and due out later this month, the Apple Watch will add features that allow it to take high-quality heart readings and detect falls.…
How Apple’s App Store Changed Our World
A decade ago, Apple opened a store peddling iPhone apps, unlocking the creativity of software developers and letting users truly make their mobile devices their own. The resulting explosion of phone apps — there are now more than 2 million for the iPhone alone — has changed daily life for billions of people around the…