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Apple Corporate

Apple lays out tax plan ahead of congressional hearing

Apple on Monday posted a full testimony the company plans to present to Congress on Tuesday, detailing how and where it pays corporate taxes.

The 16-page document comes a day ahead of when Apple CEO Tim Cook is set to testify before the Senate Permanent Subcommittee on Investigation, which is looking into various tax-avoidance strategies by technology companies.

In its testimony, Apple pitches itself as a job creator, and it notes that it was likely the largest income tax payer in the country last year, paying out "nearly" $6 billion.

"These payments account for $1 in every $… Read more

Apple iOS 6 devices get nod for U.S. military use

U.S. military members will now be able to use the iPhone 5, along with the Samsung Galaxy S4 and BlackBerry 10 devices.

The U.S. Defense Information Systems Agency (DISA) has approved the use of Apple iOS 6 devices on the Defense Department's networks, the agency said in a statement Friday.

That means the DOD can provide iPhones and iPads running iOS 6 to its employees, though employees cannot use their own devices on the military network, a DISA spokeswoman told CNET.

"It doesn't mean [Apple is] getting a contract with us or anything like that,&… Read more

Tim Cook to propose tax overhaul before Congress

In yet another recent example of Apple's increasing role in Washington politics, CEO Tim Cook reportedly plans to propose a "dramatic simplification" of corporate tax laws before Congress next week -- and is taking to the D.C. press to argue his case.

At a hearing on May 21 before the Senate Permanent Subcommittee on Investigation, which CNET learned about last night, Cook says he will present proposals aimed at "encouraging companies to bring back foreign earnings to the United States and invest that money into creating jobs, as well as research and development," according … Read more

Apple target of Senate probe into offshore tax practices

Apple will reportedly be the subject of a Senate hearing next week into U.S. companies' offshore tax practices.

Apple CEO Tim Cook is expected to testify Tuesday before the Senate Permanent Subcommittee on Investigation, according to Politico, which first reported on Apple's involvement at the hearing. The committee has been examining the various tax-avoidance strategies used by companies, including Microsoft and Hewlett-Packard, and how that affects U.S. interests.

Apple recently announced a $17 billion bond plan as part of its shareholder capital returns plan that will save it $9.2 billion in taxes it would have had … Read more

Coffee with Apple CEO auction closes at $610K

After 86 bids, the coffee meeting with Apple's CEO has sold for $610,000.

The winning bidder is anonymous, and goes only by "a********s."

The "power meeting" was part of a campaign by auction site CharityBuzz to raise money for the Robert F. Kennedy Center for Justice and Human Rights. It promises little beyond some coffee and facetime with Cook at Apple's headquarters in Cupertino, Calif.

The auction is now officially tied for the highest-grossing CharityBuzz has ever had. It's matched up with last month's auction for a Lamborghini Aventador, which … Read more

Apple wants you to scratch and claw your iPad

The U.S. Patent and Trademark Office on Tuesday granted Apple nearly three dozen patents, including one that covers how a device responds to acoustic signals such as scratching and tapping.

Patent No. 8,441,790, or "Electronic Device Housing as Acoustic Input Device," focuses on tech that would allow a device to detect and react to sound resulting from an impact with the housing, such as dragging a finger along the surface of the device. The sensors send information to a microprocessor, which can distinguish between different types of input as well as interpret what each input … Read more

Coffee with Tim Cook auction holds at $605K with a day left

There's less than a day left in the auction that will net one individual a brief, and very expensive, sit-down meeting with Apple's top executive.

CharityBuzz's buzzy auction for a coffee meeting with Apple CEO Tim Cook ends just after 1 p.m. PT on Tuesday, bringing to a close what is currently the group's second-highest auction ever at $605,000.

"We're truly amazed by the support for the RFK Center for Justice and Human Rights through our coffee with Tim Cook online auction," Coppy Holzman, Charitybuzz CEO and founder said in a … Read more

Apple said to be mulling single warranty for multiple devices

Apple could be planning considerable changes to the way it handles warranties on its devices, according to a new report.

The iPhone, iPad and Mac maker is said to be planning a revamp of its basic AppleCare warranty service to become a subscription that will cover all the Apple devices a user owns. AppleCare currently has to be purchased on a per-gadget basis. According to AppleInsider the company held a meeting about the changes on Thursday and plans to roll them out this fall.

The report also claims that Apple is working on some behind-the-scenes changes to the way it … Read more

Taiwan university sues Apple over patent infringement -- again

Apple has been sued by a Taiwan-based university for the second time.

The company on Friday was hit with a lawsuit by the National Cheng Kung University in Taiwan related to a patent the university owns on video compression technology. The complaint, which was filed in the U.S. District Court for the Eastern District of Texas, claims that Apple's use of video compression technology in its FaceTime video-chatting feature, as well as QuickTime, violates the university's patent.

The university last year hit Apple with a patent-infringement lawsuit over the company's use of Siri and voice-to-text functionality. … Read more

Apple, Samsung again take all of handset industry profits

Apple and Samsung can't be stopped in the handset market, according to new data from analysts at Cannacord Genuity.

The analysts on Monday reported that Apple and Samsung again combined to capture all of the operating profits in the handset industry in the first quarter of 2013. In other words, there isn't a single other device maker competing in the mobile industry right now that's actually nabbing operating profits.

Although that might sound like bad news for companies like Nokia, Motorola, and Sony, Cannacord pointed out that in the past, Apple and Samsung had actually combined to … Read more