Editor’s Note: Related tickers: Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN)
Apple Inc. (NASDAQ:AAPL) has embarked on a hiring spree to tackle design problems with its “iWatch” wrist computer, bringing in fresh expertise amid concern that the launch of its first new product since the death of Steve Jobs could be at least a year away. The company has begun hiring “aggressively” for the project in recent weeks, say people familiar with Apple Inc. (NASDAQ:AAPL)’s plans for the wearable device, a move that shows it has stepped up development but which raises questions over the ability of its own engineers to develop wearable technology.
Apple Inc (NASDAQ:AAPL) caught in a porn storm (NYSEPost)
There are things that sound unbelievable and then there are things that are outright ridiculous. A Tennessee lawyer has blamed Apple Inc. (NASDAQ:AAPL) for giving him easy access to porn and getting addicted to it. He alleges that it was because of Apple that he began desiring younger women, had a fall-out with his wife and also suffered from emotional angst due to the failure of his marriage. According to Chris Sevier, the company makes it very easy to view any kind of pornography. …Sevier has demanded that Apple Inc. (NASDAQ:AAPL) should include a porn filter on its products and feels that the company has been negligent with allowing users to access porn content on the internet.
APPLE TO PROBE DEATH OF CHINESE WOMAN WHO USED IPHONE WHEN IT WAS CHARGING (Yahoo)
Apple Inc. (NASDAQ:AAPL) is investigating an accident in which a Chinese woman was killed by an electric shock when answering a call on her iPhone 5 while it was charging, the U.S. technology company said on Monday. Last Thursday, Ma Ailun, a 23-year-old woman from China’s western Xinjiang region and a flight attendant with China Southern Airlines, was electrocuted when she took a call on the charging mobile telephone, the official Xinhua news agency quoted police as saying on Sunday.
Apple Inc. And Antitrust: More Proof That The Federal Government Is Anti-Consumer (Forbes)
Last week, Federal District Judge Denise Cote ruled that Apple Inc. (NASDAQ:AAPL) was guilty of collusion and of fixing the price of e-books. The gist of the case is this: At the time Apple entered the e-book market, Amazon.com, Inc. (NASDAQ:AMZN) held a 90% share of the market and sold e-books for $9.99. After Apple Inc. (NASDAQ:AAPL) entered the e-book market, Amazon.com, Inc. (NASDAQ:AMZN)’s market share fell, as did prices of e-books. If you are perplexed in trying to understand how Apple fell afoul of the antitrust brigades for lowering prices to consumers, the key point to grasp is that the federal government is not the friend and defender of the consumer, as popular mythology would have it.
Apple e-book defeat aids Amazon (JournalGazette)
In the retailing wars with Apple Inc. (NASDAQ:AAPL), score one for Amazon.com, Inc. (NASDAQ:AMZN). A judge’s ruling that Apple violated U.S. antitrust laws by colluding to increase e-book prices gives retailers such as Amazon.com, Inc. (NASDAQ:AMZN) added flexibility to sell digital books more cheaply and gain market share. The decision may also lead to greater government oversight of the iPhone maker’s ability to control pricing in other markets, such as music and movies. “Amazon emerges as the winner from all of the activity related to e-book pricing,” said Tom Forte, an analyst at Telsey Advisory Group in New York.
