Apple does not appear to be resting on its laurels despite record sales of its iPhone and Mac, as the company spent nearly $2 billion on research and development in the first fiscal quarter of 2015, an increase of more than 40 percent over the year-ago figure.

China's central government has introduced new procurement regulations that would force technology companies wishing to do business with the country's banks to submit source code for review and build government-accessible backdoors into their products, according to a Wednesday report.

Struggling Japanese electronics maker Sony has conceded defeat in the digital music market, announcing on Wednesday that it will close its cross-platform Music Unlimited service at the end of March and refer customers to another iTunes & Beats Music competitor, Spotify.

Activist investor Carl Icahn believes shares of Apple should be valued much higher than their current trading price, and on Wednesday said he even plans to revise his own price target for the stock, which he called a "no-brainer" investment.

Apple's stunning first quarter of fiscal 2015 blew virtually every prediction out of the water, and left Wall Street analysts rushing to increase their price targets on Wednesday as the stock jumped higher.

Downloads still aren't translating to dollars for Google and developers who create applications for its Play store for Android devices, as Apple's iOS App Store remains far and away the most profitable digital storefront, according to the latest data.

Apple reported the biggest quarter in its history this week -- and one of the largest by any company ever -- by nearly every metric imaginable. AppleInsider puts those mind-boggling numbers into perspective.

Starting Feb. 2, customers walking into an Apple Store may notice something a little different as employees are expected to wear newly designed crew neck or polo shirts in a familiar shade of blue, but with repositioned and resized white Apple logos.

In a prepared statement issued on Tuesday, Universal Studios announced the full cast list for its upcoming Steve Jobs biopic, currently titled "Steve Jobs," including actresses set to play Jobs' daughter Lisa at three different ages.

Apple Watch owners may never need to worry about being outbid in an eBay auction again, as a new job listing posted by the Internet auctioneer suggests advanced development of a bespoke Apple Watch app.

As many industry analysts predicted, iPad sales saw a steep year-over-year decline for the first fiscal quarter of 2015, but CEO Tim Cook is optimistic and sees great potential in Apple's upcoming hardware pipeline.

Apple Pay now accounts for two out of every three dollars processed through contactless payment systems, a huge achievement for Apple's NFC-based solution that debuted less than three months ago.

During its quarterly conference call on Tuesday, Apple CEO Tim Cook announced the company had sold its one billionth iOS device in the December quarter, a device that will be kept at Cupertino for posterity.

Apple on Tuesday announced a record smashing $74.5 billion in revenue with the usual suspects U.S. and Europe sales ticking the highest numbers, but China is quickly moving in on second place after bringing in a huge $16.1 billion.

During Apple's quarterly conference call on Tuesday, CEO Tim Cook said Apple Watch development is on track and expects to launch the device in April, coming in just under the company's "early 2015" promise.

Apple reported the biggest quarter in its company's history on Monday, selling nearly 100 million iPhones and iPads to earn $74.6 billion in quarterly revenue. Following the announcement, executives from the company participated in a conference call with analysts and the media, and notes of interest follow.

Apple completely crushed not only its own all-time records, but also even the loftiest expectations on Wall Street on Tuesday, selling a whopping 74.5 million iPhones on its way to $18 billion in net profit in a single, massively successful quarter.

More than 200,000 self-service stations across America -- including vending machines, coffee brewers, parking pay stations, kiosks and laundry equipment -- will gain compatibility with Apple Pay, thanks to support from USA Technologies Inc.

Nearly five years after Steve Jobs published his infamous "Thoughts on Flash," streaming video service YouTube has announced plans to migrate away from the technology as users accessing the site via Chrome, Internet Explorer 11, Safari 8, and beta versions of Firefox will now be served the HTML5 video player by default.

Apple on Thursday added yet another sports channel to the ever-expanding Apple TV content lineup, while Twitter updated its iOS app with a new feature that allows for direct messages to be sent to groups.