Tag Archive: billion


$2 billion lawsuit claims Apple Watch idea was stolen

A Michigan woman is suing Apple and Nike for a combined $ 5 billion over claims that the two companies stole her concept for a device called a “Detachable Beeper Disc Digital Gym Shoe with Sensor.” She states that she filed a patent for her invention 20 years ago, well before the companies came up with […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Panama Papers: Apple supplier denies evading $22 billion in taxes

The “Panama Papers” leak of 11.5 million documents from ultra-secretive Panamanian law firm Mossack Fonseca has already named and shamed heads of state, government officials, business owners and celebrities who reportedly evaded tax thanks to the scheme. But one name which hasn’t been talked about too much is Apple supplier Foxconn, which is accused of […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Foxconn confirms $3.5 billion takeover of iPhone display maker

Foxconn is cementing its importance to Apple by finalizing a deal to acquire a majority interest in struggling iPhone display maker Sharp for a reported 389 billion yen — or $ 3.5 billion. The multi-billion dollar bailout of Sharp was originally reported as being completed back in February, only to be placed on hold after previously undisclosed liabilities threatened […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Apple passes the $1 billion sales mark in India

Apple has crossed the $ 1 billion sales mark for its Indian operations for the first time, according to a filing with India’s Registrar of Companies (RoC) this week. Apple saw 44 percent increase in sales for its most recent financial year, marking an overall doubling of Indian sales in the past two years — largely […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Activision Blizzard acquires Candy Crush creator for $5.9 billion

Activision Blizzard, the gaming company known for franchises like Call of Duty, Warcraft, and Guitar Hero, has acquired King Digital Entertainment for $ 5.9 billion. The Candy Crush creator boasts one of the largest networks of players on mobile, with a staggering 474 million active users a month. King has enjoyed incredible success on Android, iOS, and other mobile platforms with the Candy Crush series, as well as […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Apple tops estimates with $51.5 billion in profit in Q4

Apple’s earnings TK Wall Street’s expectations for fourth-quarter revenue thanks to strong sales of the iPhone 6s and iPhone 6s Plus, which helped the company bring in $ 51.5 billion and quarterly net profit of $ 11.1 billion The iPhone 6s and iPhone 6s Plus set a new launch weekend record of 13 million units sold, helping […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Apple dodges $59.2 billion tax bill by holding cash overseas

Apple is holding more cash overseas than any other corporation in the U.S. and it’s paying off big time by helping the company avoid an estimated $ 59.2 billion tax bill. Of course, Apple’s not alone in holding massive amounts of cash overseas. A new study released today found that the 500 largest companies hold more […]

(via Cult of Mac – Tech and culture through an Apple lens)

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Apple Car could save drivers 400 billion hours per year

Morgan Stanley analysts Adam Jonas and Katy Huberty — who regularly follow Tesla and Apple — claim an autonomous Apple Car could save drivers a collective 400 billion hours of “non-productive” time each year. “What is the value of 400 billion hours a year?” they write in a note to clients. “How much value could […]

(via Cult of Mac – Tech and culture through an Apple lens)

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3.1 billion deer died for Dominations to slay mobile gaming

Dominations is one my new favorite games on my iPhone; it combines the gameplay of Clash of Clans (build a city, attack other cities) along with a more historic approach. You’ll take your city from Bronze Age to the Space…

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Verizon snaps up AOL for a cool $4.4 billion

Mobile giant Verizon has announced that it will acquire the former media kingpin AOL in an all-cash deal worth $ 4.4 billion. Although AOL is virtually an afterthought these days, Verizon has said that it will use the deal to help…

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