Apple Inc (NASDAQ:AAPL)
Description:
Apple Inc (NASDAQ:AAPL), is an American multinational technology company headquartered in Cupertino, California, that designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services comprise iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.
Apple Inc News Update:
Singapore-based solar energy provider, Sunseap Group, signs a “long-term contract” commencing in January 2016 to fully power Apple’s Singapore operations, and new retail store, on renewable energy.
Apple Inc (NASDAQ:AAPL), will be tapping renewable energy to fully power its Singapore operations, making it “the first company” in the country to do so, according to Zdnet
The iPhone maker signed a “long-term contract” with Singapore-based solar energy provider, Sunseap Group, which will commence in January 2016, said Sunseap in a statement. Touting it “a landmark agreement”, the company said the deal would see Apple’s South Asia operations-supported out of its Singapore outfit-powered fully by renewable energy.
“This arrangement, which is in line with Apple’s aim to power all of its facilities around the world with 100 percent renewable energy, is the first of its kind in Southeast Asia,” Sunseap said. It added that its solar energy systems had been installed in more than 800 buildings in Singapore, enabling customers such as Apple to tap this grid to supplement its power requirements. Zdnet Added
The company’s clientele comprises several government agencies and energy services providers in the city-state, said its managing director Frank Phuan.
Apple’s vice president of environment, policy, and social initiatives, Lisa Jackson, said: “Climate change is one of the great challenges of our time, and it’s going to take determination and innovation to make the much needed transition to a green economy. Zdnet Report
Apple, Amazon Face German Review Over Audio Book Delivery Deal
Apple Inc. and Amazon.com Inc. are facing a German antitrust probe into a delivery contract for audio books sold on the iTunes platform, according to Bloomberg
Germany’s Federal Cartel Office opened a review because of the strong position Apple and Amazon’s Audible unit have on the market for digital audio books, the regulator’s president, Andreas Mundt, said Monday in an e-mailed statement. The probe was prompted by the German bookseller association Boersenverein des Deutschen Buchhandels. Bloomberg Added
U.S. technology companies face a growing list of probes by European regulators. Apple and Amazon are among those being investigated by the European Union over the use of tax loopholes, and EU Antitrust Commissioner Margrethe Vestager is already looking into Amazon’s e-book contracts with publishers. Bloomberg Report
Apple CEO Tim Cook:
The chances of seeing an OS X tablet any time soon have been dashed as Apple CEO Tim Cook says that customers don’t want Macs and iPads to converge, according to Zdnet
“We feel strongly that customers are not really looking for a converged Mac and iPad,” Cook said during an interview with the Independent.ie. “Because what that would wind up doing, or what we’re worried would happen, is that neither experience would be as good as the customer wants. So we want to make the best tablet in the world and the best Mac in the world.”
But just because an Apple CEO says something doesn’t mean that it’s fixed in stone. Back when Steve Jobs was CEO of Apple he said that video on the iPod didn’t make sense, and that the stylus was a silly idea, and then Apple eventually went and did both anyway. Zdnet Report
Shares of Apple Inc (NASDAQ:AAPL), inclined 0.74% to $113.47, during its current trading session.