Apple is recalling some AC power adapters that it sold for use in Europe, South Korea and several other countries, after concluding that the two-pronged wall plugs may break and cause an electric shock.
Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015, in what may prove to be a turning point for the world's most valuable company.
Apple keeps defying a PC industry trend: While other major computer-makers saw shipments fall in 2015, Apple increased the number of Macs it shipped worldwide last year, according to estimates from two research firms on Tuesday.
Apple says customers spent US$1.1 billion on apps and in-app purchases during the two weeks ended Jan. 3. New Year's Day was the biggest day ever for the store with $144 million in sales, with Christmas Day second.
Italian authorities say Apple Italia has agreed to pay 318 million euros ($350 million) in taxes for several past years and is working out a deal to cover future tax liabilities for business it does in the country.
Swedish telecoms firm Ericsson AB has inked a 7-year deal with Apple Inc. that brings an end to outstanding mutual patent litigations between the two and paves the way for their joint-development of the next generation of super-fast phones.