Another day, another story about Apple breaking records for its market value. But this time, it's really, really impressive. Today the Cupertino company's market capitalization shot over $700 billion for the first time before slipping a bit in after-hours trading. The current share price stands at $119.65 at the time of writing, which translates into around $837 if Apple's stock split from earlier in the year is taken out of the equation.
"We are deeply inspired by their courage and love of our country," Apple CEO Tim Cook wrote in a Twitter post Tuesday, kicking off a day-long tradition for Americans honoring veterans of the U.S. Armed Services. Today's Morning Report takes a look at Apple's efforts to improve our lives with new patent and OS X Yosemite beta details, a new Aperture alternative now in the Mac App Store — and our eternal thanks to veterans from coast to coast for their dedication to our freedom.
iOS 8 in its latest iteration continues to make news and shake things up. Why was there the glitch that released the broken update? What are some more hidden tricks, tips, and tweaks in the latest operating system. But probably the biggest newsmaker this week was Apple Pay and how some retailers are reacting (hint: not good).
What a difference a day makes! On Wednesday, developers grappled with a potentially major setback for iOS 8 widgets, while Microsoft launched its own multi-platform Health initiative. But the biggest Thursday news comes courtesy of Bloomberg, as none other than Apple CEO Tim Cook penned a candid essay on equality. Read on to find out all of the details in our Morning Report!
It's been a good year for Apple, and even worries about bendy iPhones and major retailers dumping Apple Pay have done little to halt its unrelenting progress. Investors are showing their appreciation. Today the Cupertino company's stock closed at $106.74, which marks the highest points the stock's ever reached when adjusted for the 7:1 share split from earlier this year.
Despite recent headlines on how retailers are rebuffing Apple Pay, the mobile payment service is already apparently more popular than the two NFC-based systems that preceded it — and Apple CEO Tim Cook had plenty more to share at the WSJD Live conference last night. Our Tuesday Morning Report has the details, along with new iPad keyboard solutions from Logitech and a huge cloud storage bump from Microsoft.
It's widely known that Apple co-founder Steve Jobs had a dark side, so why not go straight to The Dark Knight himself to play the iconic CEO on the big screen? Our Thursday Morning Report includes details on Sony's ambitious biopic, as well as Apple's pending retail invasion of China, plus Google's new take on email. Click and consume!
Did you preorder an iPad Air 2 last week? If so, it's probably already on the way to you, and now the critics have weighed in with their own thoughts, and our Wednesday Morning Report has pulled the best quotes so you don't have to read them all. We've also got details of Tim Cook's latest trip to China, and a settlement between Apple and GT Advanced over the latter's abrupt trip to bankruptcy court. It's all just a click away!
The big deal of the week was of course Apple's unveiling of the new iPad Air models, but they also dropped a gorgeous big screen iMac down for us to drool over and then slipped us Yosemite Thursday. With iOS 8.1 set to drop Monday, Apple is pretty much dominating the weekend. Those stories and more of what else happened in Apple news this week.
Apple CEO Tim Cook today revealed more information about the company's Apple Pay mobile payment service at today's media event, adding that the service will go live on Monday. "We think that it is going to be profound," Cook said. Since the service was announced last month, Cook stated, more than 500 banks have signed on to the service.