Apple’s first floating store will open in Singapore

The FINANCIAL — Apple today previewed Apple Marina Bay Sands, the first Apple Store to sit directly on the water. Appearing as a sphere floating on the iridescent Marina Bay, the store introduces a new and captivating retail experience at one of the…

7 mins read

Chinese AI company sues Apple for $1.4 bln over Siri patent

The FINANCIAL — Chinese AI company Shanghai Zhizhen Intelligent Network Technology Co., Ltd., also known as Xiao-i is suing Apple on the grounds of patent infringement. Chinese company filed a formal lawsuit against Apple in Shanghai High People’s Court on 3rd of August…

5 mins read

Apple announced 4 for 1 stock split

The FINANCIAL — Apple announced financial results for its fiscal 2020 third quarter ended June 27, 2020. Company’s Board of Directors declared a cash dividend of $0.82 per share of the Company’s common stock. The Board of Directors has also approved a four-for-one stock split…

5 mins read

4 tech giants to defend the size of their companies before Congress

The FINANCIAL — Jeff Bezos of Amazon, Tim Cook of Apple, Mark Zuckerberg of Facebook and Sundar Pichai of Google — will appear together before Congress for the first time to justify their business practices. The hearing is supposed to inform lawmakers’ efforts…

6 mins read

Apple won appeal over €13 billion against EU

The FINANCIAL — The General Court of the European Union issued its judgment in the Apple State Aid case today (Wednesday 15 July 2020) annulling the European Commission Decision. In 2016 The European Commission concluded that Ireland granted undue tax benefits of up to…

5 mins read