Apple Exempts Virtual Events From Paying 30% App Store Cut Through June
Apple Inc (NASDAQ: AAPL) is exempting digital classes and virtual events from its 30% App Store commission until June 30, extending the commission-holiday period from December.
Benzinga · 6h ago
Apple Chief Security Officer Indicted Over Allegedly Bribing Officials With iPads To Obtain Gun Permits
Apple Inc (NASDAQ: AAPL) Chief Security Officer Thomas Moyer stands accused of attempting to obtain a permit to carry concealed weapons through bribery, Reuters
Benzinga · 9h ago
Cramer reveals retail stocks to play Larry Williams' 'Thanksgiving trade'
"The charts, as interpreted by the legendary Larry Williams, suggest that retail tends to roar every year from Thanksgiving through Christmas," Cramer said. · 11h ago
Apple's security chief accused of bribery in California gun-permit probe
Reuters · 13h ago
Dow Jones Surges More Than 300 Points, Led By Boeing, Walt Disney, Chevron; What's Wrong With Apple Stock?
Investor's Business Daily · 13h ago
Grand jury indicts Apple security chief for allegedly trading iPads for weapon permits
Apple (AAPL) chief security officer Thomas Moyer is accused of offering to donate 200 iPads to the Santa Clara Sheriff's Office in exchange for four concealed carry permits "withheld from Apple
Seekingalpha · 14h ago
'Apple security head charged with offering bribe for gun licences' -Bloomberg Report
Benzinga · 14h ago
California Map Requests Point to Limited Fuel Use After Curfew
Fewer drivers in California consulted Apple Maps a day after Governor Gavin Newsom imposed strict lockdown measures to stem the spread of the coronavirus in some of the state’s worst-hit counties.
Bloomberg · 14h ago
Apple security chief accused of bribing officers with iPads in exchange for concealed gun permits
Apple's chief security officer allegedly promised to donate 200 iPads worth $70,000 to the Sheriff's Office in exchange for concealed weapons permits. · 15h ago
Apple extends App Store commission pause for virtual classes through next June
In September, Apple (AAPL) waived its 30% in-app purchase cut for App Store apps offering digital classes and events until December.The tech giant has now extended the pause through June
Seekingalpha · 15h ago
Apple Security Head Charged With Offering Bribe for Gun Licenses
(Bloomberg) -- A California district attorney accused Apple Inc. Chief Security Officer Thomas Moyer of offering a bribe to state officials for gun licenses, according to indictments issued on Monday.Moyer was named along with Santa Clara County Undersherrif Rick Sung and Captain James Jensen in a case that involved offering bribes in return for concealed firearms licenses, according to a court document and a statement from the Santa Clara district attorney’s office. Ed Swanson, Moyer’s attorney, said his client is innocent.The two-year investigation by the district attorney’s office revealed that Sung, aided by Jensen in one instance, held up the issuance of concealed firearms licenses until the applicants gave something of value. In California, concealed weapon permits, known as CCW licenses, are issued by county sheriffs based on a finding of “good cause” to approve a resident’s application.“In the case of four CCW licenses withheld from Apple employees, Under sheriff Sung and Cpt. Jensen managed to extract from Thomas Moyer a promise that Apple would donate iPads to the Sheriff’s Office,” the district attorney said in the statement. “The promised donation of 200 iPads worth close to $70,000 was scuttled at the eleventh hour just after August 2, 2019, when Sung and Moyer learned of the search warrant that the District Attorney’s Office executed at the Sheriff’s Office seizing all its CCW license records.”Moyer, 50, has been dragged into a feud between officials in the jurisdiction that covers Apple’s home base, according to his attorney Swanson. “This case is about a long, bitter, and very public dispute between the Santa Clara County Sheriff and the District Attorney, and Tom is collateral damage to that dispute,” Swanson wrote in a statement. “We look forward to making Tom’s innocence clear in court and bringing an end to this wrong-headed prosecution.” Apple didn’t return calls and messages seeking comment.After enlisting in the U.S. Navy at 19, Moyer served for four years as an Operational Intelligence Specialist, including during Operation Desert Storm, before being honorably discharged as a non-commissioned officer, according to background details shared by Swanson. Moyer has been at Apple for about 15 years, and he has been the head of global security since November 2018, according to his LinkedIn profile. His department helps employees through crises such as fires and hurricanes, and oversees physical security, retail loss prevention, executive protection, security related investigations, and the secrecy of new products and prototypes.He became more broadly known outside of Apple for an official memo sent to employees in 2018 in which he warned of the potential consequences of disclosing private company information to outsiders.“The potential criminal consequences of leaking are real,” Moyer wrote, “and that can become part of your personal and professional identity forever.”One of his predecessors, John Theriault, left Apple in 2011 after accusations that his staff impersonated police officers during an attempt to recover a lost iPhone prototype.(Updates with background on Moyer from seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 15h ago
Apple makes another concession on App Store fees
Apple said the extension was to help businesses by giving them more time to transition in-person events to digital events during the Covid-19 pandemic. · 16h ago
Black Friday Is Replaced With Weeklong Sales
The COVID-19 pandemic prompted retail giants to forego the traditional Black Friday sales promotion with a week-long event.
Benzinga · 16h ago
Dow Jones Adds To Gains, Nasdaq Turns Positive; Tesla Stock At New High
Investor's Business Daily · 17h ago
COVID-19 Could Make Disney Even Stronger
During its last reported quarter, The Walt Disney Co. (NYSE: DIS) lost $2.4 billion of its parks and experiences segment which saw revenue drop as dramatically as 61%, generating $2.6 billion.
Benzinga · 17h ago
A Lesson From Starbucks
Gourmet beverages might belong to the category of cheapest luxury goods, but these manufacturers suffered this year along with the overall economy.
Benzinga · 17h ago
Dow Jones Leads As Stock Market Trims Gains; Apple Falls But Tesla, Nio Surge
Investor's Business Daily · 18h ago
Apple Stock Is Falling Because the Price Already Reflects iPhone 12 Demand
A month after Apple introduced the first two models of its iPhone 12, two analysts are staying on the sidelines. · 18h ago
Cramer: It's incredible retail is having such a run
CNBC's Jim Cramer and David Faber discuss the state of retail sector ahead of the holiday season. · 19h ago
Apple 4-Day Shopping Event Starts Friday; Gift Cards Offered
Apple will be launching a four-day shopping event on Friday and will offer customers up to $150 gift cards with certain purchases. · 20h ago
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About AAPL
Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players. The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications. The Company's segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa. The Greater China segment includes China, Hong Kong and Taiwan. The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company's other operating segments. Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.