Apple AAPL latest hurdle in the world of patent disputes could blow a small hole in its $200 billion cash mountain.
A U.S. federal jury has ruled that Apple used technology owned by the licensing arm of the University of Wisconsin on some of the chips that found their way into recent iPads and iPhones.
The jury has yet to decide on damages but the University has been seeking as much as $862 million for patent infringement.
The University filed the patent in 1998, for technology that could enhance the efficiency of computer processors.
It sued Intel INTC for infringing on the same patent in 2008, and settled out of court with the company before it could go trial. Intel ended up paying the University a $110 million lump sum to license the patent, court documents show.
This is perhaps one of the biggest tech rivalries in the world, but the question I’m exploring today is which company came first? Which was the first to release an operating system? The first to release a tablet PC or smartphone? The first to create a billionaire?
The question of when the companies were founded is a pretty easy one. Microsoft came first, founded in Albuquerque, New Mexico on April 4, 1975. Apple followed nearly exactly a year later on April 1, 1976 in Cupertino, California.
The interesting thing, though, is Apple was technically the first company out of the two to release an operating system that used a graphical user interface (GUI). On January 24, 1984, the guys behind Apple released “Mac System Software 1.0” on their original Macintosh commercial computer. This was almost two years before Microsoft released their extension of MS-DOS on November 20, 1985: Windows 1.0. It also wasn’t particularly successful.
A San Francisco recycling centre is seeking a woman who may have handed over a rare Apple I computer by mistake.
The machine was among other components and computers the woman wanted to dispose of after her husband died.
Only about 200 of the first-generation Apple computers were made.
The company recognised the value of the old computer and sold it to a private collector for about $200,000 (£131,000).
The recycling centre, called Clean Bay Area, has launched a web and media campaign to track down the woman so she can receive her half of the cash they got for the machine.
It has produced a short video it is asking people to share to see if they can reach the donor.
Samsung has clawed back its crown from Apple as the world’s biggest smartphone seller by volume, but it still has a long way to go to reclaim its golden years.
While still on top of the industry, the Korea-based tech giant posted yet another profit decline on Wednesday, its fourth-consecutive quarter of declines. The $4.3 billion it made in the first quarter of 2015 is 39% lower than the same period in 2014.
Samsung has been hit by what Neil Mawston, executive director of Strategy Analytics, called a “pincer movement.” Competition on the high end of the market from Apple and the low end from Chinese upstarts like Huawei have pinched Samsung’s business.
“It’s taken several quarters for Samsung to react to [the competition] and to create products to slow down that attack,” Mawston said. “Samsung probably has another year or two of work to say they’ve recovered.”
To do this, Samsung is banking on its new high-end products — notably the Galaxy S6 and Galaxy S6 edge — to compete with Apple’s iPhone 6 and 6+ and help get the company back on track.
It was a year ago this week that Apple Chief Executive Officer Tim Cook responded to a climate-change heckler at the company’s annual shareholder meeting with an impassioned rebuttal in which he famously told investors who care only about profits to “get out of the stock.”
Now Cook is putting his prodigious sums of money where his mouth is, proclaiming the “biggest, boldest and most ambitious project ever,” an $850 million agreement to buy solar power from First Solar, the biggest U.S. developer of solar farms. The deal will supply enough electricity to power all of Apple’s California stores, offices, headquarters and a data center, Cook said Tuesday at the Goldman Sachs technology conference in San Francisco.
It’s the biggest-ever solar procurement deal for a company that isn’t a utility, and it nearly triples Apple’s stake in solar, according to an analysis by Bloomberg New Energy Finance (BNEF). “The investment amount is enormous,” said Michel Di Capua, head of North American research at BNEF. “This is a really big deal.”
Being a contender in the mobile payments space is becoming a coveted position by large and small businesses. A largely fragmented sector with several unexpected turns over the years, the digital wallet battlefield has recently been showing signs of maturation, which tells us that the market is starting to consolidate and that prominent players may soon emerge.
Since the inception of mobile payments, there has been a lack of a cohesive solution by key players in the space. For example, businesses and payment vendors are at odds with the banks over sharing transaction revenues. And now cellular providers are creating a proprietary solution to avoid dealing with Apple and Google. As we leap into 2015, mobile payments are expected to become mainstream within the next 12 months, and the market has already begun to straighten out.
Technology giant Apple is expected to raise at least $5bn by issuing bonds on Monday.
Some of the funds raised will be used for Apple’s share buyback programme. The California-based company plans to return more than $130bn to shareholders by the end of this year.
The move comes despite the company sitting on a cash pile of $178bn.
Apple will raise less than half the $12bn generated in April 2014 when it was last active in the US bond market.
A year earlier it raised $17bn.