Apple Stock News: Senator John Thune Is Asking Apple For Transparency

Apple Stock News

Senator John Thune, a Republican lawmaker who chairs a key congressional committee that oversees tech issues, has sent a letter to Apple questioning the iPhone maker about the slow down of older iPhone models.

Apple is facing many lawsuits after the company slowed down the performance of the older iPhones. In response, the company started to offer discounted battery replacements for $29.

The Chair of the Commerce, Science and Transportation Committee is asking for transparency. Thune wants to know how Apple came to the conclusion to replace batteries for $29 or if the company ever considered making battery replacements free. He also wants to know if Apple considered offering rebates for customers who paid full price for replacing their batteries.

On the letter, Thune said that “the large volume of consumer criticism leveled against the company in light of its admission suggests that there should have been better transparency.”

Apple should answer Senator Thune by January 23.

For the latest Apple Stock News, AAPL closed at $174.29 per share on January 10th, 2018. It generated losses of 0.02% from its previous close on January 9th, 2018, when it closed at $174.33 per share.

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Apple Stock News: Apple Is Offering $29 Battery Replacement After Slowing Down Oldest IPhones

Apple Stock News

After facing a few lawsuits for slowing down oldest versions of iPhones, Apple is offering cheaper battery replacements for a year. The price of batteries for the affected iPhones was reduced from $79 to $29.

Moreover, Apple also published a letter of apologize for their customers. According to this letter, everything was a misunderstanding. On the message, Apple stated that it never had the intention to shorten the life of any Apple product, or degrade the user experience to drive customer upgrades.

Furthermore, Apple will issue an iOS software update in early 2018 with new features that give users more visibility into the health of their iPhone’s battery.

The $50 discount on battery replacements is already available for iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, iPhone 7, iPhone 7 Plus and iPhone SE.

On September 8th, 2017, I Know First sent to subscribers a bullish forecast for AAPL. Since then, Apple Stock increased 4.94% in accordance with the forecast.

Current I Know First subscribers received this AAPL forecast on September 8th, 2017

For the latest Apple Stock News, AAPL closed at $169.23 per share on December 29th, 2017. It generated losses of 1.08% from its previous close on December 28th, 2017, when it closed at $171.08 per share.

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Apple Stock News: Mounting Claims for Apple Against Qualcomm

Apple Stock News

For the latest Apple Stock News, AAPL closed at $145.01 on Tuesday, June 20th, 2017. It had a loss of 0.91% from its previous close of $146.34 per share.

The lawsuit between Apple and Qualcomm Inc. is never-ending, with Apple adding allegations to an already filed complaint. The latest claim from Apple is that there’s mounting evidence that Qualcomm is operating an “illegal business model.”

Apple are claiming that Qualcomm hasn’t fulfilled its obligation to charge fair and reasonable rates on patents related to industry standards.

Qualcomm’s current structure sees it sell chips as well as license its technology. A U.S Supreme Court ruling in May limited the ability of patent owners once the product has sold.  Apple wants to argue that Qualcomm is essentially getting paid twice for the same invention. Qualcomm revolutionised the way mobile devices communicate, although to receive royalties on all facets of the technology would be unfair and unreasonable according to Apple.

In more AAPL stock news, Swedish giant Ikea has jumped board to use ARKit, Apple’s platform to help with advanced Augmented Reality capabilities. Customers will have the ability to see how IKEA products look within their home through realistic 3D renders. The stock continues to fluctuate, with a bullish out-look for Apple still remaining.

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Apple Stock News: Apple’s Unlikely Lawsuit

Apple Stock News

For the latest Apple Stock News, AAPL closed at $120.00 on Friday, January 20, 2017 with a 0.18% gain, or $0.22 from its previous close of $119.78 per share.

Apple Stock News

Source: https://goo.gl/l0juvu

Qualcomm Inc. (QCOM) is no ordinary company that designs and markets telecommunication products and services, they also specialize in chip making for Apple’s iPhones. On Friday, Apple filed a $1 billion lawsuit against their partner Qualcomm in regards to overcharging for chips and failing to pay $1 billion in promised rebates. Qualcomm is said to be withholding $1 billion of payments from Apple in result of their truthful cooperation with law enforcement agencies investigating the chip maker and Apple’s discussions with South Korea’s antitrust regulator. Apple does not want to disregard these rebates owed to them, though, they had already given up on billions in rebates when they broke an exclusivity agreement with Qualcomm from 2011 to 2016 for using Intel modems in the iPhone 7 and iPhone 7 Plus. In a statement from Apple: “Qualcomm insists on charging Apple at least five times more in payments than all the other cellular patent licensors we have agreements with combined” (Forbes). Apple insisted that this agreement diminished innovation and prefers to turn to multiple suppliers for cost efficiency reasons. Apple is extremely disappointed in the way Qualcomm has conducted their business and will continue using Intel as their supplier for the upcoming iPhone 8.

Apple’s lawsuit comes days after the Federal Trade Commission accused Qualcomm of excessive royalties and resorting to anti-competitive tactics to maintain control over key semiconductors in mobile phones.

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Apple Stock News: Nokia and Apple Face Off

Apple Stock News

For the latest Apple Stock News, AAPL closed at $116.29 on Wednesday, December 21, 2016 with a 0.20% gain, or $0.23 from its previous close of $116.52 per share.

apple-vs-nokia

President-Elect Trump and CEO of Apple, Tim Cook, had a meeting about a week ago, accompanied by other tech executives. They met to talk about issues such as renewable energy, tax reform and reform on intellectual property. At the meeting Tim Cook stated that Apple runs its business on 100% renewable energy and their operations in other countries totals 93% use of renewable energy.

Apple is also in the midst of a patent war with Nokia. Nokia recently sold patents to Conversant Inc. and Acacia which began the war. The accusations are as follows: “Conspiring with Nokia in a scheme to diffuse and abuse [standard essential patents] and, as the PAEs and Nokia fully intended, monetize those false promises by extracting exorbitant non-FRAND royalties in way Nokia could not.” Retrieved from InvestorsPlace.

Nokia then filed its own patent lawsuit against Apple in German and US courts. Nokia’s claims are as follows:

“Through our sustained investment in research and development, Nokia has created or contributed to many of the fundamental technologies used in today’s mobile devices, including Apple products. After several years of negotiations trying to reach agreement to cover Apple’s use of these patents, we are now taking action to defend our rights.” Retrieved from InvestorsPlace

The company claims that Apple has violated 32 tech patents in display, user interface, software, antennas, chipsets and video coding. The outcome of the battle will ultimately effect AAPL, whether they win or lose.

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Apple Stock News: Apple Inc. Caught Red-Handed

Apple Stock News

On August 9th, 2011, a class-action lawsuit was filed against Apple, Inc. and five of the top book publishers in the United States. The suit was filed in the U.S. District Court for the Northern District of California. Hagens Berman, the firm that filed the lawsuit, claimed that Apple knowingly colluded with five top book publishers to illegally fix the price of e-books, causing prices to increase as much as 50%.

Apple Stock News

It is believed that Apple and the publishers had an agreement that Apple would sell e-books in its app store, allowing publishers to set the price of the book with Apple taking a 30% commission. Since publishers control the book distribution, they would have the power to withhold products from companies like Amazon that set their own prices. The federal antitrust laws that Apple and the publishers allegedly violated included the Sherman Act, the Cartwright Act and the Unfair Competition Act.

In July 2014, it was decided that, pending the Second Circuit Court’s ruling on Apple Inc.’s appeal, the company would be required to pay a settlement of $400 million to consumers. The Second Circuit denied Apple’s appeal in June 2015, and attorneys are now working to bring the settlement to consumers in a speedy and efficient process. They are hopeful that consumers will be compensated for their losses by the fall of 2016.