NEW YORK, NY - APRIL 12: Apple's iPhone 5 is advertised in the window of a Manhattan T-Mobile store on April 12, 2013 in New York City. Following years of waiting to sell the phone, T-Mobile will begin supporting and selling the iPhone 5 on its network starting on Friday.
Apple Inc has snagged Adobe System's chief technology officer, Kevin Lynch, who oversees the software maker's technology research and experience design teams with a focus on cloud and social computing.
Lynch, who joined Adobe in 2005 through its acquisition of Macromedia, will be Apple's vice president of technology. He will report to Bob Mansfield, Apple's senior vice president of technology, who leads the California gadget giant's wireless and semiconductor team, Apple said on Tuesday.
Shipments of Apple Inc's iPads will fall behind the growing variety of tablets running Google Inc's Android platform for the first time this year as smaller-sized devices catch on with more consumers, research firm International Data Corp (IDC) said on Tuesday.
iPad shipments are expected to account for 46 percent of the market in 2013, down from 51 percent last year, IDC said. Devices running Android are expected to grow their market share to 49 percent this year from 42 percent last year.
IDC also raised its 2013 tablet shipment forecast to 190.9 million units, up from its previous forecast of 172.4 million units. Last year, global tablet shipments grew to 128.3 million units, up from 72 million in 2011, according to IDC.
Apple Inc had a major setback in its ongoing mobile patents battle with Samsung Electronics on Friday, as a federal judge slashed a $1.05 billion jury award by more than 40 percent and set a new trial to determine damages.
Apple won the award last year against Samsung in what was the biggest and highest-profile of a number of legal trials around the world, centered on the use and alleged abuse of patents in a highly competitive mobile market.
Cupertino, California: Apple CEO Tim Cook sought to reassure shareholders worried about the company's sagging stock price that the iPhone and iPad maker is on the verge of inventing more breakthrough products that will prove it hasn't lost its creative edge.
The company is working as hard as ever, and we have some great stuff coming, Cook told shareholders Wednesday before taking their questions during Apple's annual meeting at its Cupertino, California, headquarters.
True to Apple's secretive nature, Cook didn't provide any further product details, although at one point he said the company is considering entering other categories besides its popular line of digital music players, smartphones and tablet computers.
There has been speculation that Apple is working on an Internet-connected watch or TV that will be introduced later this year. One shareholder at Wednesday's meeting threw a new idea for Apple to ponder - a computerized bicycle. Cook, an avid bicyclist, chuckled at the suggestion, along with the rest of the audience.
Apple Inc has agreed to settle a class action lawsuit that said customers were charged when their children inadvertently downloaded certain applications from the company's online store, a court filing showed.
Under the proposed settlement, Apple could potentially end up paying around $100 million as it has agreed to provide a $5 iTunes store credit to as many as 23 million affected customers, the court filing said. The final settlement figure may vary.
Also, those claiming $30 or more from Apple may choose to receive a cash refund instead of an iTunes store credit, according to the filing.
The lawsuit, filed by five parents in 2011, involved allegations surrounding purchases in certain downloaded apps, which plaintiffs claim were made by children without the knowledge or permission of the account holder.
