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.
HealthKit in iOS 8 offers the promise of a centralized system so iPhone owners can collect and track their own health and fitness data in a single place, and it gives other companies a common platform to feed information into. Apple will no doubt capitalize on that with the rumored iWatch as its first move into the fitness tracking market. But it doesn't seem likely the company will be content to stick to just our wrists, which opens the door for a whole line of wearable tech -- including versatile sensors that know what data to collect based on where they are on your body.
Shares of Apple Inc. set an all-time closing high on Tuesday, ending the day at $100.53 per share, a gain of $1.37 (+1.38 percent), on heavy volume of 69.4 million shares trading hands. The previous closing record was $100.30 per share, set on September 19th, 2012.
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