Apple's much-rumored smart watch is expected to be released in the fourth quarter and will be highly tied to health monitoring, according to a New York Times report.
During its annual developer's conference, Apple took the wraps off the newest version of its tablet and smartphone operating system, iOS 8. The platform includes a number of new functions and features for iPad and iPhone users, and a wide range of new services and tools for iOS app developers. Specifically, Apple announced iOS 8 will allow applications to interact with each other, a feature that has long been available to Android app developers and long sought after by iOS app developers.
Apple confirmed it will buy Beats Electronics for around $3 billion, acquiring a maker of premium headphones with a fledgling streaming music service but also getting cachet and connections to the music industry.
Apple is in the process of finalizing a $3.2 billion deal for Beats Electronics, in what would be its biggest deal ever, according to multiple reports. The overriding question analysts have at this point is: Why? The answer is not entirely clear, but Apple could be inking the deal to get access not only to Beats' sleek headphones but also its fledgling streaming music service on the cheap.
Apple CEO Tim Cook continued to play coy about future new product categories the company might be breaking into later this year. He also indicated he thinks the mobile payments market hasn't been "figured out" yet.
Apple easily beat analysts' expectations for iPhone sales in its most recent quarter, delivering 43.7 million iPhone unit sales. However, the company's iPad sales fell below analysts' expectations, and were lower than Apple's iPad sales in the year-ago period.
"Mirror, mirror, on the wall, who's the highest-paid CEO of them all?" In the wireless world, the answer to that question is Sprint CEO Dan Hesse.
Apple released a cheaper 8 GB iPhone 5c in its European online stores, but the gadget is not yet available online in the U.S. Apple also re-released its fourth-generation iPad tablet, which replaces the older iPad 2.
According to a number of reports, Apple CEO Tim Cook and Samsung co-CEO J.K. Shin held a meeting last week in an attempt to iron out the companies' ongoing legal battle over patent infringement. However, according to those reports, Cook and Shin were unable to reach an agreement on the issue and appear set to return to the courtroom in March to continue their dispute.
Apple CEO Tim Cook reiterated what he is has been saying for months: that Apple will enter a new product category this year. The biggest and most likely bet is that Apple will get into wearable computing with some kind of smart watch, though Apple observers have also been speculating (for years) about an expanded TV offering.