Apple took a small step back, from No. 3 to No. 4, despite a 6% gain in annual sales, but it led the way in profits with more than $48 billion in net income. In short, the Apple juggernaut continues at tremendous scale and despite the overall saturation of smartphones, which make up the vast majority of the company’s sales and profits. In an unusual move, Apple introduced three new phones, the upgraded iPhone 8 and 8 Plus, as well as the redesigned iPhone X (pronounced “ten”), powered by facial-recognition technology. Services likes Apple Pay and Apple Music continued to rise too.
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The rise of Amazon, Apple, Facebook, and Google created new challenges for competition watchdogs who enforce the nation’s antitrust laws.
“If privacy matters in your life, it should matter to the phone your life is on.”
A federal jury awards Qualcomm about $31.6 million in damages on its patent infringement claims, matching the amount the chipmaker sought.
The iPhone maker says the music streaming giant wants to benefit from the App Store without contributing