Apple blamed "strong macroeconomic headwinds" on its surprisingly sluggish quarterly results, in which the smartphone vendor posted revenues and profits below analyst expectations, driven largely by a significant dip in its iPhone shipments. Apple shipped a total of 51.2 million iPhones during its most recent quarter, down from the 61.2 million it shipped during the same quarter last year.
The FBI is hoping to use its reported newfound iPhone-unlocking method to crack open other iPhones in a move that could further escalate tensions between Apple and federal law-enforcement authorities.
Verizon CEO Lowell McAdam issued a statement largely in support of Apple's stance against a technological backdoor into its devices for law enforcement-- a statement that is noteworthy considering the nation's largest wireless carrier had so far remained silent in Apple's ongoing battle against an FBI request for access into an iPhone linked to December's San Bernardino shootings.
Tech heavyweights continue to gradually coalesce behind Apple, voicing support for the company's defiance of a judge's order to help the FBI hack an iPhone linked to December's San Bernardino shootings. But major U.S. wireless service providers still aren't backing Apple CEO Tim Cook.
Some tech companies are slowly coming out of the woodwork in support of Apple CEO Tim Cook, who yesterday posted an open letter explaining why his company is defying a California judge's order to crack an iPhone linked to the horrific San Bernardino shootings in December.
Apple CEO Tim Cook is once again in the midst of a showdown against law enforcement authorities looking for help in accessing data from one of the company's devices.
Apple reported quarterly revenue of $75.9 billion and quarterly net income of $18.4 billion in the fiscal year 2016 first quarter, thanks in part to its record-breaking iPhone, Apple Watch and Apple TV sales. Here are the details.
AT&T CEO Randall Stevenson said Congress should determine U.S. policies regarding encryption rather than tech companies, The Wall Street Journal reported. Stevenson, speaking at the World Economic Forum in Davos, Switzerland, broke stride with Apple CEO Tim Cook, who has repeatedly objected to criticism of the encryption being used in iPhones.
Apple CEO Tim Cook met Margrethe Vestager, the European Commission's (EC's) competition commissioner, to discuss an ongoing probe into the U.S. company's tax arrangements in the region.
Apple said it sold 48.046 million iPhones during its most recent quarter, a slight improvement over the 47.534 million it sold in the previous quarter and way up from the 39.272 million it sold in the same quarter last year. Wall Street analysts had expected Apple to report sales of 48.5 million iPhones. Apple said it scored around $32 billion in revenues from its iPhone business.