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Report: Apple preparing to make 3-5 million ‘smart watches’ per month beginning in October

SAN FRANCISCO (Reuters) – Apple Inc is preparing to sell its first wearable device this October, aiming to produce 3 million to 5 million smartwatches a month in its initial run, the Nikkei reported on Friday, citing an unidentified parts supplier and sources familiar with the matter. Specifications are still…

Apple signs $3 billion deal to buy Dr. Dre’s streaming music site Beats

By Christina Farr (Reuters) – Apple Inc will buy Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, in a bid to make headway in the fast-growing music-subscription market. Through the acquisition, the iPhone maker also gains a line of high-end headphones popular with a…

Apple tries to lift online sales by cutting refund times in half

By Christina Farr SAN FRANCISCO (Reuters) – Apple Inc has cut in half the time it takes to give refunds to online store customers who want to return their iPhones and other gadgets, a small but crucial step to try to get more people to buy direct from its website.…

Report: Apple nearing deal to buy rapper Dr. Dre’s headphone company for $3.2 billion

(Reuters) – Apple Inc is close to buying headphone maker Beats Electronics for $3.2 billion, the Financial Times reported. The purchase of Beats, which also runs a streaming music service, would be Apple’s largest ever acquisition, the newspaper reported. It said the deal could be announced as early as next…

Federal judge denies Apple’s move to delay e-book antitrust trial

NEW YORK (Reuters) – A U.S. federal judge denied a bid by Apple Inc on Wednesday to hold off a trial in a case brought by state attorneys general accusing the company of conspiring with five major publishers to fix e-book prices. U.S. District Judge Denise Cote in a brief…

Internet data centers for Apple, Facebook, and Google are getting greener: report

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Apple Inc, Google Inc and Facebook Inc have made significant progress in adopting renewable energy sources to power their Web services, the environmental group Greenpeace said in a report on Wednesday. But energy-hungry data centers operated by some of the Internet industry’s top…

Tech giants using offshore cash piles to earn tax-free interest from the U.S. government

LONDON (Reuters) – Four of the biggest U.S. technology groups collectively hold an estimated $124 billion in U.S. Treasury debt, much of it offshore, earning them tax-free interest, the UK’s Bureau of Investigative Journalism (BIJ) said on Thursday. The finding means Apple Inc, Microsoft Corp, Google Inc and Cisco Systems…

Apple considers Tesla Motors acquisition as the iPhone maker looks to diversify its revenue

(Reuters) – Apple Inc is looking at cars and medical devices to diversify its sources of revenue as growth from iPhones and iPads slow, according to a San Francisco Chronicle report. Apple’s head of mergers and acquisitions, Adrian Perica, met with Tesla Motors Inc founder Elon Musk at the company’s…

Apple will unveil new iPhone on September 10, 2013: Reports

(Reuters) – Apple Inc, the world’s largest technology company, is expected to present its redesigned iPhone in September, according to technology blog AllThingsD. The blog cited unnamed sources as saying that Apple will unveil its next smart phone at a special event on Sept 10. The company was not immediately…

Obama met with tech executives on Thursday to discuss government surveillance: report

WASHINGTON (Reuters) – President Barack Obama quietly met with the CEOs of Apple Inc, AT&T Inc as well as other technology and privacy representatives on Thursday to discuss government surveillance, according to a media report. Google Inc computer scientist Vint Cerf and civil liberties leaders also participated in the meeting,…

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