Apple CEO Tim Cook has some advice for those concerned about privacy and your data: follow the money. In an interview with Charlie Rose posted to YouTube on Monday (embedded below the fold), Mr. Cook made an impassioned argument that Apple makes its profit from selling goods, rather than selling you.
Apple says its new mobile payment system for the iPhone 6 and Apple Watch has 220,000 merchants ready to go when it launches in October, but that list doesn't include Walmart or Best Buy -- and it won't, because neither company has any interest in supporting Apple Pay. Without either on board, Apple Pay may have a more difficult time gaining traction and could find itself in the same place as Google with a mobile payment platform that few people use and many retailers resist.
On Tuesday Apple rolled out its iPhone-based payment system called Apple Pay. This sounds like a great thing, and that could very well prove true, but it's ultimate success could hinge on who ends up paying the transaction fees.
The influence of the entertainment industry is underappreciated. Strong leaders, for the sake of drama, are always depicted as extroverts—gregarious and flamboyant. Regrettably, that may have led the media to incorrectly diagnose Tim Cook in the comparison to Steve Jobs. John Martellaro explains why observers got Tim Cook all wrong. Very wrong.
The Apple Watch (née iWatch) was finally announced during Tuesday's September 9th media event. The company's first foray into wearables demonstrates what makes Apple different from its competitors, its ability to engineer a device from the ground up to work in ways no one else has imagined.
The iPod wasn't just another MP3 player, the iPhone wasn't just another smartphone and the iPad wasn't a tablet computer. So then, the 'iWatch' won't be yet another a smart watch -- even if it wraps around your wrist and tells you the time. Contributing Editor Chuck La Tournous throws in his two cents about today's Apple announcement just in time for you to tell him just how wrong he was.
Apple, Google, Intel, and Adobe have appealed a federal court's dismissal of a settlement in a landmark anti-poaching case. In their appeal, the companies accuse Judge Lucy Koh of making a "clear legal error" in rejecting the settlement.
Apple's iWatch will come with NFC to be used with a mobile payment system, according to unnamed source cited by The Wall Street Journal. This will be an extension of the rumored mobile payment system that Apple will also be unveiling with the iPhone 6 during the company's September 9th media event.
Some hedge analysts might be saying that Apple is having to delay its foray into wearables (i.e. the "iWatch"), but Re/code's well-informed John Paczkowski said that Apple will unveil it "alongside" new iPhones at the September 9th media event he also broke. Bryan Chaffin says if it's true, it means the iWatch is being built in Arizona.
China is going to stick it to those Western tech giants dominating the Chinese desktop and mobile platforms, according to a local report. The country's communist government is backing development of a homegrown, though Linux-based, operating system to compete with Apple, Microsoft, and Google.
TMO Weekly Sponsor
TMO Daily Observations: 2014-09-15
Apple's iPhone 6 and iPhone 6 Plus pre-orders topped 4 million units last Friday and anyone ordering a new iPhone…
MGG 519: Aspect Ratios Are Fun & AT&T Next is Probably Better For You
Dave's fresh back from Cupertino (and fresh from ordering a new iPhone), and he and John talk through the events…