When quizzed about its tax practices, Apple CEO Tim Cook told a Senate subcommittee his company complies with the law, and if that didn't sit well then Congress should come up with new laws. It looks like lawmakers may finally be taking his advice, and even President Barack Obama is looking for ways to get at the money Apple and other major corporations are holding outside of the country.
A bipartisan bill is on its way to the U.S. Senate that hopes to coax large corporations like Apple to bring money they're holding off shore into the country. The bill will give companies a substantial tax break—6.5 percent instead of 35 percent—for repatriating their money, although there are some strings attached which may make it a hard sell to law makers and corporations alike.
Apple is running neck and neck with Samsung in global smartphone sales. Though Samsung was once the king of smartphone numbers—though never the king of smartphone profits—Apple closed the gap in the December quarter, according to Strategy Analytics.
Apple had the best quarter in the history of all quarters, as reported Tuesday. Kelly put together some comparisons of Apple's earning numbers to give this quarter some context.
YouTube put another nail if Flash's coffin this week with the announcement that it is dropping Adobe's media format as the default for videos in favor of HTML5 on computers. The change means Flash-based content will be available at even fewer places online, pushing the format farther into obscurity.
Apple continued to up its vaguery game when it comes to Wall Street on Tuesday, eliminating two more categories of numbers from what it breaks out. For the December quarter—Apple's first fiscal quarter—Apple didn't report iPod unit sales.
BlackBerry CEO John Chen's solution for BlackBerry's struggles is to require every developer and service provider to make their products work on all mobile platforms. Bryan Chaffin thinks this is a remarkably bad idea as self serving as it is devoid of logic.
There has been some confusion here and there about which iPhones will work with the Apple Watch when the Watch is doing Apple Pay. There is also confusion about how Apple Pay itself works on the Apple Watch. John Martellaro attempts to sort out the issues.
Jean-Claude Biver, the head of the luxury holding company that owns watch brand TAG Heuer, said Tuesday that TAG will not use the "Swiss Made" label for its in-development Apple Watch competitor. In an interview with Bloomberg, Mr. Biver said Switzerland simply doesn't have the technology needed to make a smartwatch.
The late Steve Jobs spoke often about the importance of being at the intersection of technology and the humanities, but the company increasingly finds itself at a new intersection: technology and politics. Bloomberg reported the Cupertino company has dramatically stepped up its lobbying efforts in Washington, DC, lobbying some 13 different departments and agencies in 2014.
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