WSJ: Apple Expects Lower-Priced LCD Models to Represent Majority of iPhone Sales in Upcoming 2018 Lineup
Apple is widely rumored to introduce three new iPhone models in September, including a second-generation iPhone X, a larger version dubbed the iPhone X Plus, and a lower-priced but lesser-featured version.
Given the iPhone X Plus is expected to ha…
Apple is teaming up with investment bank Goldman Sachs for the launch of a new joint credit card that would be placed under the Apple Pay branding. The card could launch as soon as early 2019, according to The Wall Street Journal.
At the same time, …
In August 2016 the European Commission ruled that Apple must repay 13 billion euros ($15.46 billion) in back taxes dating between 2003 and 2014. According to the EU, the taxes were avoided with the help of sweetheart tax deals from Ireland, and tod…
The Wall Street Journal reports that iPhone X production issues were due to a supply imbalance of components dubbed Romeo and Juliet.
The report, citing people familiar with the situation, claims it has taken more time to assemble the Romeo module…
Apple has held talks with SoftBank about investing up to $1 billion in the Japanese telecommunication giant’s global technology fund, according to The Wall Street Journal. A deal has not been finalized, while the current status of the talks could not be determined, according to the report.
President-elect Donald Trump and Softbank CEO Masayoshi Son (Image: LA Times)
The so-called “SoftBank Vision Fund,” expected to launch next year, will be valued at up to $100 billion, which will be invested into emerging technologies like artificial intelligence and connected internet devices. SoftBank itself will invest at least $25 billion in the fund, while the Saudi Arabian government will pledge up to $45 billion.
Apple’s own investment would allow it to gain insight on emerging technologies, according to the report.
Such a move also would reflect a shift in Apple’s investment strategy, which until recently focused on small stakes in young technology companies. Earlier this year, Apple invested $1 billion in Didi Chuxing Technology Co., China’s homegrown ride-sharing competitor to Uber Technologies Inc. SoftBank is also an investor in Didi.
Last week, SoftBank CEO Masayoshi Son said he would invest $50 billion of the fund in the United States and create 50,000 new jobs in the country following a meeting with President-elect Donald Trump. SoftBank is the parent company of U.S. carrier Sprint, which employs about 30,000 people.
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