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About This Club

A club all about the Apple corporation, it's products, users and the operating systems we have come to use.

  1. What's new in this club
  2. the two are issuing a joint credit card that pairs with your iPhone to make managing money easier. The specs: The co-branded card will test with employees before officially rolling out to the rest of us this spring, per the WSJ. The allure: Cardholders will get extra features inside the Apple Wallet app—setting spending goals, managing balances, and tracking rewards. And the reason: Is youuuuu Times are changing... Faced with shrinking iPhone demand, Apple’s boosting its fee-generating services unit (with a $50 billion revenue target by 2020). It’ll snag a bigger share of fees from its own card than it can from card purchases made through Apple Pay right now. And Goldman wants to use its first credit card to appeal to the everyman (and offset a slump in securities trading). It’s got high hopes new Apple/Goldman customers might also become customers at its online consumer bank, Marcus.
  3. Apple will reportedly reveal its news subscription and streaming video services at a potentially star-studded March 25 event. Looking forward to receiving our invite in the mail.
  4. The former lawyer “responsible for Apple’s compliance with securities laws” has been charged by the SEC for...insider trading. Ex-Apple exec Gene Levoff was accused of exploiting his position at Apple (-0.42%) to trade stocks ahead of earnings, per CNBC. Translation: He’s accused of breaking the very rules he enforced. Sounds juicy...more details, please. According to the SEC, he traded using insider knowledge on at least three occasions in 2015 and 2016 and had a history of insider trading before that. One sampling from 2015: Levoff allegedly caught wind that Apple would miss its Q3 iPhone sales estimates that year. Then... “Between July 17 and the public release of Apple’s quarterly earnings information on July 21, Levoff sold approximately $10 million of Apple stock,” avoiding about $345,000 in losses. Levoff got the boot from Apple in 2018, but it’s still a bad look for a company that’s been roughed up by the press this week for its upcoming news subscription service and an app that allows Saudi men to track women.
  5. It’s reportedly faced backlash from publishers over proposed financial terms for a news subscription service—namely, that Apple (+0.86%) wants to keep about half the revenue, per the WSJ. Let’s run through the details. Apple’s prospective service would let users read an unlimited amount of content from participating publishers for a monthly fee. It wants half of that subscription fee for itself... ...while the rest would get split among publishers based on how long users engage with their content. But Apple could be jostled into dealmaking mode. This news subscription service is a part of its strategy to diversify revenue in the face of weakening iPhone sales (which fell 15% in Q4). Apple’s looking to increase its paid subscriptions across devices to 500 million by 2020 from today’s 360 million. As for the publishers, striking a deal means tapping into millions of sophisticated news junkies—and the prospect of expanding their own subscription bases.
  6. This morning my cereal box informed me in no uncertain terms that it expects to be replaced with a full one, by TOMORROW! I suppose I will have to comply so there is no evidence of me being a habitual cereal killer. ( ... I like to drown the stupid flakes in milk...)
  7. Don't we all feel safer now that our Big Brother has taken away our privacy and freedom of speech? In this case of course I understand it is a sensitive subject..... Freedom of Speech is not being able to yell FIRE! in a movie theatre. However... this boy MAY have been joking with what he felt was a "robot" toy....... OR NOT?!?! Apple made the decision....I'm sure they would stand behind it. However this does bring up certain rights issues..... Can someone curse someone else in the privacy of his own home? Can someone wish someone else dead? In this case.... we now have listening devices everywhere. And we gladly bought them Funny how in 1984 this would have freaked us all out.
  8. Warren Buffett’s Berkshire Hathaway Inc. might now have a loss on its stake in Apple Inc., which fell Thursday after the iPhone maker lowered its fiscal first-quarter revenue forecast. This conclusion is based on the number of shares Berkshire has bought each quarter since its initial purchase three years ago and Apple’s average quarterly closing share price. Combining the two gives an estimated cost of $146.02 a share for the 5.4 percent holding, according to data compiled by Bloomberg. Apple’s shares closed at $142.19 Thursday after tumbling 10 percent, its steepest drop since January 2013.
  9. Is the Apple App Store an Illegal Monopoly? No ... there are many places to get Apps I am open to the idea of public hangings and putting the heads on poles. But hey .... I am a Barbarian. Liberal Snowflakes have their own silly ideas they are open to.
  10. The U.S. Supreme Court seemed open to the idea of allowing iPhone users to proceed with an antitrust suit against Apple. At question here is whether the company's App Store holds an illegal monopoly.
  11. Jeff Williams, Apple's chief operating officer, speaks about the new Apple Watch Series 4 at the company's product-launch event in Cupertino, Calif., on Wednesday. The new Watch includes a sensor allowing users to take an electrocardiogram they can share with their doctor. A new Apple Watch and software with advanced heart-monitoring capabilities could boost the detection of abnormal heartbeats in millions of people, but it could also raise the chance of false positives, a cardiologist and researcher says. Apple unveiled three new iPhones, including two with bigger displays, but perhaps the more dramatic announcement from Cupertino, Calif., on Wednesday was its new Apple Watch, with the new health-related tools. The Apple Watch Series 4 will let users take an electrocardiogram, or ECG, and share it with their doctor. https://www.npr.org/2018/09/12/647180302/new-apple-watch-to-detect-abnormal-heartbeats
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