Apple hit a market cap of $1 trillion on Thursday, as the iPhone maker became the first publicly traded U.S. company to reach the valuation. The stock rose nearly 3 percent after a strong fiscal third-quarter earnings report earlier this week, briefly hitting a session high of $207.05 in midday trading before falling back below $207.
"While Apple's current R&D spending is large, our benchmarking analysis suggests that Apple appears to still be underspending on R&D today, perhaps by a factor of 2x," he writes. Combined with Apple spending much less on mergers and acquisitions--just 2% of its free cash flow versus an average for its peers of 25%--it suggests to Sacconaghi that “Apple may be ‘underinvesting’ in innovation."
According to the complaint, about 5,000 of Apple's 135,000 employees (3.7 percent) are "disclosed on the Project," which Apple has never openly discussed. Of those employees, 2,700 are designated as "core employees" on the project, giving them access to certain databases. The term disclosed refers to people working on or knowledgeable of the company's efforts in autonomous driving and related technology.
"Apple is most exposed," Neil Campling, co-head of global thematic group at Mirabaud Securities, told CNBC by phone Tuesday. Drilling into the numbers you can see why. In its last fiscal year, Apple generated nearly 20 percent of its revenues from Greater China, which equated to $44.7 billion. In 2017, it shipped over 41 million iPhones into China and was the fifth-largest player in the market, according to data from IDC. On top of that, it has around 40 stores in China.
No company has been more prolific with patents than IBM. It received 9,043 patents in 2017, marking its 25th consecutive year of dominating the patent rankings -- a fact IBM is not bashful about sharing. This year, it is on pace to top 10,000 patents, according to projections provided to CNNMoney by IFI Claims.
"Qualcomm is selectively asserting its patents to target only Apple products containing Intel chipsets -- even though its patent infringement allegations would apply equally to Apple products containing Qualcomm chipsets -- in an attempt to use the ITC as another mechanism for perpetuating its ill-gotten monopoly position," Apple wrote.
The annual conference tied together all of the latest updates to Apple's platforms--iOS, macOS, watchOS, and tvOS--along with some bigger initiatives focused on bolstering privacy and security, and curbing technology addiction.
The newest version of Apple's Safari browser will push back hard against the ad-tracking methods and device fingerprinting techniques that marketers and data brokers use to monitor web users as they browse. Starting with Facebook.The next version of Safari will explicitly prompt you when a website tries to access your cookies or other data, and let you decide whether to allow it...
After nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million to Apple Inc for copying patented smartphone features, according to court documents, bringing a years-long feud between the technology companies into its final stages.
About one in three employees at Google, Facebook and Apple is a woman. That’s an imbalance that tech sector executives Sheryl Sandberg and Tim Cook say they want to change. Yet even if their companies set a target of just over half their new recruits being women, a Breakingviews calculator shows that closing the gender gap will take up to 15 years.