Stock Watch

iPhone 4 sales have outshone iPhone 5's in India. The sales trebled over the last five days and seem to surpass the demands for iPhone 5 in India. Apple has launched a buyback scheme for the customers that offer a discount of at least seven thousand rupees on the iPhone 4 in exchange for any other smartphone.

Cupertino-based company has pushed the older model in India as it wanted the two-year-old phone fall in the category of sub- Rs 20,000 segment, said a senior official of a leading Apple premium reseller.

American tech giant Apple and South Korean electronics giant Samsung resumed their legal battle in Australian courts on Monday.

Apple argues that Samsung has infringed on nineteen of its patents in developing its nine smartphones and two tablet computers. On the other hand, Samsung claims that Apple has infringed on a number of its patents in developing its iPhones and iPads.

Two justices, viz. Justice Annabelle Bennett and Justice David Yates heard the initial case together. Justice Bennett has heard the Apple-Samsung case since hearings started in 2011.

Cupertino, Calif.-based Apple Inc has reported lower-than-expected iPhone sales for the Christmas quarter, despite a whopping jump of 67 per cent in the Chinese market.

The tech giant announced that it sold 47.8 million iPhones in the three months through December 29. The reported figure is considerably lower than analysts' forecast average of nearly 50 million.

Revenue grew 18 per cent the quarter year-on-year to $54.5 billion, down from analysts forecast average of 54.9 billion, while profits remained flat on the previous year at $13.1 billion.

The U. S. federal judge presiding over the high-profile Apple-Samsung patent infringement trial has ordered attorneys of the two rivals to meet and confer in person.

U. S. District Judge Lucy Koh said the court was frustrated with the two parties' respective reports about their meet and confer efforts on final jury instructions.

In her order, the frustrated judge said, "Lead trial counsel shall meet and confer in person today and file joint and disputed final jury instructions by Monday, August 13, 2012 at 8 a. m."

While Google is making sincere efforts to enhance its Maps, Apple is reportedly preparing to dump the Internet search firm's popular maps app as default maps service from its iOS-based devices.

Internet is awash in reports that the Cupertino firm will ditch Google Maps as a default maps app in the next version of its mobile operating system - iOS 6, which is expected to be unveiled at Apple's upcoming Worldwide Developer Conference (WWDC).

Patent war between Apple and its biggest rival Samsung doesn't seems to come to an end in the near future. Cupertino-based iPhone maker is now preparing to launch a new lawsuit against Samsung, alleging the South Korean consumer electronics giant's highly anticipated Galaxy S III smartphone infringes on at least two of its patents.

According the complaint, filed in a California court earlier this week, Apple wants an injunction on the import of the third-generation Galaxy S into the United States.

Apple's much-rumored HDTV may arrive sooner rather than later, the latest Internet murmur about the Cupertino, Calif.-based consumer electronics giant's future plans suggest.

The Cupertino firm already has a set-top box, but has never confirmed any plans to introduce its own TV. But, rumors about a potential Apple HDTV have long been flooding the Internet.

Jonathan Ive, senior vice-president of industrial design at Apple, has been knighted for his services to design and enterprise.

The 45-year-old British designer, who is now based in the United States, was honoured yesterday by the Princess Royal at Buckingham Palace.

Ive was made a KBE (Knight Commander of the Order of the British Empire) in the New Year Honours list for services to design & enterprise.

Ive’s credit includes Apple's renowned iMac, iPod, iPhone, iPad among other products.

Apple Inc. CEO Tim Cook and his Samsung counterpart Choi Gee-sung on Monday started their two-day court directed talks to try to agree on an out of court settlement on their ongoing patent war.

Mr. Cook and Mr. Gee-sung, accompanied by their legal teams, will use the two-day meeting to find some way to get themselves untangled from the drawn out patent infringement row.

The talks are being conducted under the supervision of magistrate judge Joseph C. Spero.

Cupertino, California-based distinguished gadgets maker Apple has announced that it would use renewable sources to power its 500,000sq.-foot data center in Maiden, North Carolina, by the end of current year.

Apple's North Carolina-based data center is currently running on the low-priced but partially coal-powered Duke Energy grid.

The company official website stated, "By the end of 2012, we'll meet the energy needs of our Maiden, North Carolina-based data center using entirely renewable sources."