Apple Inc. (AAPL) News: Huawei Technologies, $30 Million Agreement & More

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L.A. school board OKs $30 million for Apple iPads (LATimes)
Apple Inc. (NASDAQ:AAPL) won a $30-million contract Tuesday from the L.A. Unified School District, paving the way for the company to provide every student with an iPad in the nation’s second-largest school system. The Board of Education voted 6 to 0 on Tuesday to approve the contract after hearing senior staff laud Apple’s product as both the best in quality and the least expensive option that met the district’s specifications. Tuesday’s vote authorized an iPad rollout at 47 campuses. However, by choosing Apple Inc. (NASDAQ:AAPL) as the sole vendor, the district also made a de facto commitment to spend hundreds of millions of dollars with the Cupertino, Calif.-based digital giant over the next two years.

Apple tax dodging highlights need for reform (Hazard-Herald)
Talk about taking your business to “the Cloud.” In an ingenious effort to avoid billions of dollars in taxes, Apple Inc. (NASDAQ:AAPL), has been levitating subsidiaries between American and Irish soil, claiming that from a tax-law perspective, they exist in neither country and so are subject to neither country’s taxing authority. And, sadly, the scheme has worked: no taxes have been paid to the U.S., a relatively paltry sum was paid to Ireland. Though this was Apple Inc. (NASDAQ:AAPL)’s most audacious tax-dodging scheme, it wasn’t the only one. Congressional investigators recently found that Apple had avoided paying virtually any taxes on $74 billion in offshore profits over the past four years. That’s a big loss of revenue needed to hire teachers, build roads or pay down debt.

Can Apple Dominate Taiwan’s Growing Tablet Market? (Nasdaq)
The Taiwanese tablet market is set to grow exponentially this year, nearly doubling the hardware sales of 2012. Executive VP and Chief Sales and Marketing Officer Maxwell Cheng of FAR EASTONE TELECOM (OTCMKTS:FETLF), told DigiTimes that 70 to 80 percent of those tablets will fall within the seven-inch range. Cheng’s firm alone hopes to sell roughly 300,000 units this year. While two million may not sound like much for a full-year sales goal (one American tech giant sold three million tablets in just one weekend), the Taiwanese market is just beginning to rise. Apple Inc. (NASDAQ:AAPL), which has been breaking sales records since the day the first iPad was released, has an opportunity to take control of this emerging market before it peaks.

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