Apple, Google, and other major U.S.-based multinationals may soon be able to bring more of their foreign-earned income back to American shores without facing a huge tax burden, as lawmakers are moving forward on a tax reform framework that could eliminate taxes on international earnings and authorize a one-time repatriation holiday.
On Wednesday Apple once again took 15th place in Fortune's annual Global 500 rankings, something the magazine credited to record sales of the iPhone 6 and the introduction of new product categories, such as Apple Pay.
Apple on Wednesday provided members of its public beta program with new versions of both iOS 9 and OS X 10.11 El Capitan, marking the second versions of the publicly available pre-release software.
Another record-breaking fiscal quarter is in the books for Apple, but the company's overall success is being glossed over by Wall Street analysts and pundits who seem intent on ignoring the actual facts when it comes to Apple Watch sales.
Microsoft on Tuesday launched Send, a new iPhone app intended to simplify email conversations down to instant-messaging style threads.
Although Apple didn't provide official figures during Tuesday's results call, an estimate published by research firm Canalys suggests the company shipped 4.2 million Apple Watches during the June quarter.
Lofty expectations were beyond the reach of Apple last quarter, sending shares tumbling more than 7 percent. But a number of bullish analysts see the stock pullback as a buying opportunity for investors, who can get in at a cheaper price before the launch of new iPhones.
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It appears that Apple is disallowing iOS 9 beta users to submit app reviews -- positive or negative -- with the latest build released on Tuesday, a feature that was becoming an increasingly irritating thorn in the side of developers since Apple opened its public beta program earlier this year.
Apple made good on a promise to return music Home Sharing to iOS with the release of its fourth iOS 9 beta on Tuesday, a build which also came with a few minor user interface adjustments including a new way of displaying Handoff panes in the app switcher.
Apple's operational expenditures on research and development activities surpassed $2 billion for the first time ever during the company's third fiscal quarter of 2015, a number equal to 4.1 percent of total net sales.
Despite estimates to the contrary, Apple Watch sales didn't fall off a cliff just months after launch, Apple CEO Tim Cook said Tuesday, adding the device actually posted its best-ever performance in June.
Apple is planning to further improve retail availablity of the Apple Watch ahead of the holiday shopping season, working on the assumption that the device will be a hot gift item, CEO Tim Cook revealed on Tuesday.
Apple's Chinese revenues shot ahead 112 percent year-over-year during the June quarter to over $13.2 billion, reflecting the growing importance of the country to Apple's bottom line even as other regions also showed significant growth.
The Apple Watch has sold more units in the first nine weeks following its launch than either the iPhone or iPad did at the same point after their respective releases, Apple CFO Luca Maestri said on Tuesday.
Record setting sales of the iPhone pushed Apple to its best June quarter ever, with profit of $10.7 billion. Following the announcement, executives from the company participated in a conference call with analysts and the media, and notes of inventory follow.
Since lumping devices like iPod, Apple TV and Beats hardware together under an umbrella accounting category named "Other products" in January, Apple has only seen the segment bleed out. That ended Tuesday when the company announced "Other" jumped 56 percent sequentially during the third fiscal quarter of 2015, attributed at least in part to Apple Watch sales.
Apple continued its record breaking streak on Tuesday, posting its highest ever June quarter earnings with revenue of $49.6 billion, led by sales of 47.5 million iPhones and 4.7 million Macs.
The Federal Trade Commission has reportedly expanded its inquiry into Apple's policy of forcing companies to turn over 30 percent of subscription revenue earned through the App Store, issuing subpoenas to streaming services that compete with Apple Music.
Apple's three forthcoming software updates were given new beta releases on Tuesday, allowing developers to test the latest builds of iOS 9, OS X El Capitan, and watchOS 2.