Shares in video processing specialist Pixelworks are up 39 percent in pre-market trading after an SEC filing surfaced revealing that Apple represented more than 10 percent of its revenue, representing a spend by Apple of $5M+.
SeekingAlpha speculates that Apple is seeking assistance from Pixelworks in developing its long-rumored full television set, though the company’s technologies would seem equally applicable to Apple’s existing products, from iPhones to Macs.
It’s unlikely that either company will enlighten us: Pixelworks only disclosed the relationship because publicly-traded companies are legally obliged to reveal major clients, defined as accounting for more than 10 percent of the revenue.
Pixelworks also makes the VueMagic app which allows wireless presentations to be projected from an iPhone or iPad.
Filed under: AAPL Company Tagged: Apple, Pixelworks, SEC filing, Seeking Alpha, VueMagic
Memory Diag helps you to easily monitor and optimize your memory usage and quickly access detailed memory information and diagnosis from your menu bar.
Together helps you organize your Mac, giving you the ability to store, edit and preview your files in a single clean, uncluttered interface.
Smart storage. With simple drag-and-drop functionality, Together lets you gather up images, text, bookmarks, and files for safekeeping. With built-in note-taking capabilities and easy inter-app file transfers, take control of cluttered, disorganized groups of files and restore them to a state of order and manageability.
Previewing and editing. Together can edit and preview a wide range of filetypes, and seamlessly incorporates QuickView for everything else. File editing is always a double-click away, and your changes are automatically synchronized.
Organization, optimized. If you are tired of dealing with scatterbrained systems of files and folders, Together's refreshing, iTunes-like interface will help you breathe easy. Organize items into groups and folders, add color-coded tags and labels, and even generate Smart Groups to bring new levels of order and control to your files.
Dynamic searching. With Together, searching your files is never limited to a single term: an integrated Find Bar offers fine-tuned searching, and intra-file search capabilities let you dig even deeper for the information you need.
StackMotion is a new photo editing tool from Flambe Studios, the makes of PicPlayPost and PopAGraph that allows you to combine photos, videos, text and music. The app uses layers to let you create really unique projects. StackMotion has two main...
A prototype iPhone case tested by Engadget aims to provide a comprehensive array of vital signs, encompassing heart-rate, blood pressure, temperature, oxygen saturation & lung function.
Readings are done with your hands in a comfortable position, and the health tracker was able to return our vital signs as well as a fancy ECG graph of our heart in just a few seconds. Out of the box, you’ll be able to pair it with your Wi-Fi scale and fitness tracker, so you can keep an overall picture of your health in the same place …
As you might guess, this kind of tech doesn’t come cheap, with the $199 price of the Wello case possibly having its own effect on your blood pressure. You can, though, reduce the cost by referring others: each person you refer who orders their own case will reduce the price you pay by $10. So if you have twenty well-off friends with health anxieties …
You’ll also need to be patient if you want to get your hands on one: the case doesn’t yet have FDA approval, and is not expected to go on sale until the fall. You can, however, pre-order it now, with models available for the iPhone 4S, 5 and 5s. Though with Apple’s iWatch expected to major on health and fitness functionality, you may well want to wait to see what that has to offer before placing your order.
Filed under: AAPL Company Tagged: Apple, Electrocardiography, Engadget, fitness, Food and Drug Administration, Health, iPhone, iPhone case, iWatch, Wello, Wi-Fi
I know, your eyes are probably glazing over by now at yet another Apple v. Samsung patent story. It seems scarcely a week goes by without one of the two companies winning a point, losing a point, filing an appeal, winning an appeal, losing an appeal or applying for some kind of court order. And if you were losing count, the latest news reported by FOSS Patents that a California court has rejected Apple’s application for an injunction against Samsung still relates to the original patent battle between the two companies which began back in 2011.
Apple was originally awarded almost a billion dollars in damages for patent infringements by Samsung. Apple had argued that monetary damages were insufficient, and that the court should also have ordered that the infringing products be withdrawn from sale …
Given that the products in question are now obsolete, you might think this was somewhat academic three years on. But Apple didn’t care about obtaining this particular injunction. What it wanted was to establish the precedent that it is not always enough to award damages when Samsung is found to have infringed an Apple patent – sometimes the only acceptable response is to remove the Samsung product from sale. If Apple had established that point, it would be in a far stronger position with the next round of patent battles about to begin.
Judge Lucy Koh rejected the call for an injunction, however, arguing in essence that the patent infringements were not the reason consumers bought the Samsung products, and that Apple would gain too much of a competitive advantage if competitor products were withdrawn from sale.
To award an injunction to Apple in these circumstances would ignore the Federal Circuit’s warning that a patentee may not ”leverage its patent for competitive gain beyond that which the inventive contribution and value of the patent warrant.”
The precedent suggests that the likely outcome of future patent infringement cases between the two companies will be similarly limited to financial damages rather than product injunctions.
Filed under: AAPL Company Tagged: Apple, Apple v Samsung, Apple vs Samsung, California, injunction, Lucy H Koh, Lucy Koh, Patent, patents, Samsung, United States Court of Appeals for the Federal Circuit
elphie007 writes "An investigation by The Australian Financial Review has discovered how from 2002 to 2013, Apple has shifted approximately $AU8.9 billion of revenue generated in Australia to Ireland, via Singapore. The article states that last year alone, Apple Australia paid only $AU88.5 million in tax, or 0.044% of estimated potential tax liabilities. What's more, the Australian Tax Office has agreed that this arrangement is acceptable under Australian law."
Read more of this story at Slashdot.
An SEC filing reveals that six of Apple’s top execs were each awarded 35,000 Restricted Stock Units (shares that cannot be immediately traded), with a current value of more than $19M. Of this, $12M is awarded outright, subject only to remaining with the company until at least April 2018, with a further $7M dependent on Apple’s stock performance.
The bonuses were awarded to Senior VPs Eddy Cue, Craig Federighi, Dan Riccio, Phil Schiller, Bruce Sewell and Jeffrey Williams. It’s likely that Jony Ive will receive the same, though his stock awards do not have to be reported to the SEC …
Each will receive shares currently worth just over $4.1M on 1st of April 2016, with equal awards on the same date in 2017 and 2018.
The balance of RSUs, worth $7M at today’s share price, depends on total shareholder returns in 2015 and 2016. In the best case, that element could double to $14M, in the worst case fall to zero.
The arrangement ensures Apple’s senior execs are motivated both to remain with the company for at least the next four years, and to play their role in maximising earnings.
Filed under: AAPL Company Tagged: AAPL, Apple, Apple bonuses, Apple execs, Apple pay, Bruce Sewell, craig federighi, dan riccio, Eddy Cue, Jeffrey Williams, Jonathan Ive, Jony Ive, Philip Schiller, Restricted Stock Units, RSUs
New book details how Eddy Cue won over Steve Jobs, when Jobs said no to an Apple HDTV, and much more
The premise of Yukari Iwatani Kane's upcoming book, Haunted Empire: Apple After Steve Jobs, is that Apple under the reign of Tim Cook is still struggling to secure its footing following the passing of Steve Jobs. Kane argues that without Jobs...
mrspoonsi writes "A man whose mother bequeathed her iPad to her family in her will says Apple's security rules are too restrictive. Since her death, they have been unable to unlock the device, despite providing Apple with copies of her will, death certificate and solicitor's letter. After her death, they discovered they did not know her Apple ID and password, but were asked to provide written consent for the device to be unlocked. Mr Grant said: 'We obviously couldn't get written permission because mum had died. So my brother has been back and forth with Apple, they're asking for some kind of proof that he can have the iPad. We've provided the death certificate, will and solicitor's letter but it wasn't enough. They've now asked for a court order to prove that mum was the owner of the iPad and the iTunes account.'"
Read more of this story at Slashdot.
Australia's Financial Review has done an investigative feature on Apple's overseas tax operations in Ireland, including getting its hands on a decade's worth of filings from Apple Sales International. Interactives show how Apple shifted money out of...
Want to use your iPhone for tracking more than just your run? Azoi just launched Wello, a new mobile health tracker that can read and log a number of different vital signs.
“We have effectively put health monitoring equipment, which typically sits on carts in doctor’s offices and hospitals, into a highly convenient and accessible mobile case,” said Hamish Patel, founder and CEO of Azoi.
When you look at it, you’d be hard pressed to see Wello as anything other than a standard iPhone case. It’s a fairly innocuous black plastic cover that slides onto your phone and provides protection, just like any other case would. The difference is that Wello has a small chip embedded inside, and two sensors on the back. When you hold your fingers over the sensors for a few seconds, they can read a number of your vital signs including blood oxygen level, blood pressure, electrocardiography (ECG), heart rate, respiration and temperature. Wello can even read lung functions with an included spirometer attachment.
The case connects to your iPhone via Bluetooth 4.0. The information it reads is sent to your device and presented in a companion app meant to highlight patterns over time. It will also connect with other health and fitness devices, starting with Fitbit trackers via Fitbit’s open API, to help identify how your regular activity levels impact your results. If used daily, Wello’s rechargeable battery should last up to two months, which is a lot longer than you’ll get from the average wearable activity tracker. It uses a proprietary port and charger which Azoi claims allowed it to make the case smaller than if it used microUSB.
Though the initial device will be made to fit the iPhone 5 or iPhone 5s, the case itself uses Bluetooth, so it can theoretically sync with other iOS devices as long as they have the Wello app downloaded. Azoi is looking into an Android version as well, and is working on agreements with case companies to manufacturer cases with room for Wello’s chip to sit in.
Wello is available for pre-order now in a number of countries. It is expected to retail for $199 in the U.S. and will ship in the fall pending FDA approval. I’m curious to get my hands on one and see just how accurate its measurements compare to other health trackers, like the Basis B1.
I like the idea of a health tracker that fits on your phone, since you’re likely to have it on you, but you don’t have to wear it. Samsung just introduced a heart rate monitor in the Galaxy S5, though it can’t measure many of the other vitals that Wello does. Between the new M7 motion coprocessor in the iPhone 5s and the health tracking capabilities of Wello, it could turn your smartphone into a full-on health and fitness device.
Related research and analysis from Gigaom Research:
Apple under fire for Australian profit-shifting scheme that moved $9 billion in untaxed profit to Ireland
Following the announcement that Apple CFO Peter Oppenheimer will be retiring in September, the Australian Financial Review has uncovered evidence of a scheme that it says has allowed Apple to move around $9 billion in untaxed Aussie profit to Ireland. The program has allowed Apple to get away with paying only $200 million in taxes on $8.9 billion in profit over the past ten years or so.
Here’s how the whole thing works: Apple has created an Ireland-based company known as Apple Sales International which contributes money toward the research and development budget in Cupertino. This allows the company to legally claim an economic stake in these products and gives ASI partial ownership of the intellectual properties that comprise Apple’s products.
Most of the profits for international sales of these products are then routed to Apple Sales International under the guise of intellectual property licenses. As noted above, this figure comes out to around $8.9 billion over the course of about a decade. This money is paid out bt Apple Australian before taxes, allowing the Australian branch of the company to report much lower profits (and thus pay much lower taxes) while ASI redistributes the money back into Cupertino’s budget.
It should be noted that nothing here is actually illegal according to Australian government officials. Shifting money overseas to avoid taxation isn’t an incredibly rare practice. Many large international companies use tricks and loopholes to minimize the impact of taxes. Despite that, the Australian government has said that it plans to attempt to recover the taxes that Apple and others have avoided.
Filed under: AAPL Company Tagged: Australia, Oppenheimer, Taxes
With any luck, the pizza won't catch on fire. Thanks, Matt Johnson...
It's the TUAW Daily Update, your source for Apple news in a convenient audio format. You'll get some the top Apple stories of the day in three to five minutes for a quick review of what's happening in the Apple world. You can listen to today's...
Back at the end of 2012 I purchased a pretty well-equipped iMac and naively believed that the 1 TB Fusion Drive was going to be all the storage I would need for a long time. Less than 18 months and a lot of video editing later, I'm watching as the...
Israel Prime Minister Benjamin Netanyahu is traveling through the United States this week for the American Israel Public Affairs Committee (AIPAC) annual conference, and he is scheduled to meet with Apple CEO Tim Cook today. The meeting plans were revealed on the Prime Minister’s Twitter account earlier this week:
The calendar also sharesthat Netanyahu is scheduled to meet with the founders of WhatsApp, who recently sold their messaging service to Facebook for $19 billion. Local press reports indicate that the meeting with Cook is occurring as scheduled, and that the men will be having lunch at Apple’s corporate offices in Cupertino, California:
Apple executives occasionally meet with the leaders of nations from the around the world. In recent months, several reports have detailed meetings between Cook and Turkish government leaders.
Even without official online or physical retail sales channels, Apple and Israel have had a strong relationship for the past few years. In early 2012, Apple acquired Israel-based chip maker Anobit, and this kickstarted Apple’s research and development efforts in the nation. Apple has multiple engineering offices in Israel, and Apple research and development executives have visited the country.
Late last year, Apple acquired Israel-based PrimeSense, a company which specializes in developing 3D gesture motion sensing hardware and software. The engineers who joined Apple from PrimeSense are working on camera hardware for future iOS devices and TV products, according to sources briefed on Apple’s plans.
Even with the already-existing relationship between Apple and Israel, the technology company and the technologically-advanced nation can work even further together. Israel is known for being the home to the creation of many technological innovations, and perhaps Cook and Netanyahu see ways for further collaboration. It is also likely that Cook and Netanyahu are discussing the prospect of official Apple Stores for Israel.
(Image via Getty Images, thanks Tom for the lead)
Filed under: AAPL Company Tagged: AIPAC, American Israel Public Affairs Committee, Anobit, Apple, Benjamin Netanyahu, Israel, Netanyahu, PrimeSense, United States
I'm all for repurposing used electronics, but this one is a bit of a stretch. [Photo credit: Ifrankland]...
And the tradeshow season continues! The Henge Docks team has been hard at work prepping for South by Southwest in Austin, Texas. If you’re attending the festival, be sure to stop by and visit us at the interactive tradeshow, Booth 1419. We’ll not only be showcasing all of our great products, we will also be running SXSW in-booth specials for our visitors.
Our beautiful redwood booth we built earlier this year will be our home for the four days of the tradeshow. After CES in January, there were some modifications we wanted to make to streamline assembly. Once again, our lead product designer Brandon wowed us with his talents, and his dedication. Not only did he design and execute the necessary changes, he also built a new crate system for everything we need at the show.
Luckily this time around there was only one all-nighter. The team worked through the weekend to complete the booth, setting it up in its entirety, and then promptly packing it all up. The three crates were loaded on Monday afternoon, and are now en route to Austin. We’ll reconnect with them on Friday, when we leave San Francisco to spend a week in Texas.
If you’re also headed to Austin for SXSW, be sure to come say hello to the Henge Docks team in Booth 1419 at the interactive tradeshow. You’ll be able to interact with and learn about all of our products (if your iPhone battery is running low, you can use one of our many Gravitas we’ll have out!), and we’ll be offering a 20% discount to our visitors – a SXSW in-booth special. We look forward to seeing you there! Who knows, maybe we’ll even don our giant cowboy hats – it is Texas, after all!
Today at Dx3, Canada’s largest digital marketing, advertising and retail event here in Toronto, I got a look at the iPhone and iBeacon-powered future of shopping courtesy of a few companies about to launch a number of innovative mobile solutions for retailers. The show floor consisted of a full-size concept store powered by iBeacon technology and mobile retail app platform ThirdShelf as well as some interesting new products that could soon completely revolutionize the way we shop using our mobile devices.
The concept store was setup for vintage luxury retailer LXR & Co., one of the first retailers using a mobile app platform from ThirdShelf that acts as a one-stop shop for companies interested in building an interactive shopping experience powered by iOS devices and iBeacons. Rather than deploy iBeacons and develop your own app from the ground up to interact with them, ThirdShelf lets small and medium sized businesses quickly build an app that interacts with iBeacons and easily create and manage promotions and loyalty programs using its white-label solution.
Using iBeacon and Thirdshelf technology, LXR & Co.’s mobile app is able to make relevant in-store recommendations, scan products, interact with store associates’ devices, push geolocated discounts and offers, and incorporates a next-generation mobile loyalty program.
The concept store was equipped with iBeacons from Estimote, as well as iPad displays that act as iBeacons and also run the ThirdShelf software. As you’ll see in the video below, the iPhone recognizes the iBeacons as we walk around the store and allows iOS to beam greetings, promotions, and related offers through the app. As we approach the iPad displays in the store that are also setup to act as iBeacons (even with the iPhone in our pocket), the ThirdShelf software displays a customized experience based on the user’s shopping habits, wishlist, etc, allowing them to browse the store shelves, get product info and more. When moving to the cash register, the point-of-sale system from LightSpeed recognizes the app and displays that customer’s promotions, loyalty points, etc. Ecommerce features are powered by Shopify and there is also a sales associate version of the app that lets staff see who is in the store, what they’ve purchased before, and browse inventory.
ThirdShelf is working with a select number of retail partners that are about to roll out the experience and is letting interested retailers sign-up on its site ahead of public availability later this year. It’s also planning to allow payments to be completed directly from the app in the near future. As for pricing, the company plans to charge a monthly subscription that will be based on the volume of users in any given retail store but hasn’t disclosed specifics.
On top of interactive displays and iBeacon technology, another interesting mobile focused retail technology at the show was Hointer’s Whoosh Fitting Room and eTags. Scan an item in the store with your phone, select a size or multiple sizes in the app, and Hointer’s robotics will have the items waiting for you in a change room. From there you use an app to select other sizes that automatically pop out a chute for you to try on. When you’re finished, you deposit items you don’t want into another chute and they get automatically removed from your shopping cart in the app. You can then pay for items you do want in the app without ever having to visit a cash register. A video demo of how the fitting rooms work is below:
Hointer is already testing this system in a couple Levis stores in the U.S. and hopes to roll out to other retailers in the future.
Filed under: AAPL Company