Apple Inc said on Tuesday that retail chief Angela Ahrendts will leave the company in April after five years on the job, the third departure of a retail head brought in from outside the company, Trend reported citing Reuters. The tech giant, which is known for its long-serving top executives, did not give a reason for the departure. It comes as Apple tries to reverse a slide in sales of its iPhones. Ahrendts, who is among Apple’s highest-paid executives, came to the company in 2014 after being chief executive of fashion retailer Burberry Group Plc . During her tenure, the company redesigned its retail stores with an emphasis on Apple’s appeal as a luxury brand and opened locations in pricy districts such as a glass-walled store on Chicago’s Michigan Avenue last autumn. Ahrendts undertook some controversial moves, such as removing the formal Apple “Genius Bar” for technical service from stores and setting up more casual service centers instead. The … [Read more...] about Apple retail chief Angela Ahrendts to depart in April
Apple Inc. detailed the user data it’s storing in Russia to comply with a local law that took effect in 2015, according to a recent filing with the Russian government.Apple users in the region have data including their name, delivery address, email address and phone number stored on servers in Russia. The company said it collects that information for customer service and to send users information on new products, according to the filing.The filing doesn’t mention more personal data such as messages, documents, photos, and contacts that are often saved on Apple’s iCloud service. However, it does say that Apple stores more information about its Russian employees in the country. Details include: workers’ Russian passport numbers along with place and time of issuance; permanent and temporary addresses; history of work evaluations; and information about income, according to the filing.Apple agreed to put some information into a server warehouse in Russia that’s … [Read more...] about Apple Stores Russian Users’ Personal Data Locally, Filing Shows
Apple Inc plans to cut the price of some of its flagship iPhones for only the second time in the device’s 12-year history, pegging its retail value to past prices in local currencies outside the United States instead of the rising U.S. dollar, Reuters reports. The move is an attempt to stem weak sales of the iPhone, particularly in overseas markets such as China, where a 10 percent rise in the U.S. dollar over the past year or so has made Apple’s products - which already compete at the top end of the market - much pricier than rivals. Apple Chief Executive Tim Cook disclosed the plan on Tuesday after the company reported the first-ever dip in iPhone sales during the key holiday shopping period. The company has only once before cut iPhone prices, shortly after it debuted in 2007. Apple did not say in which countries it would adjust iPhone prices. Resellers in China already began cutting iPhone prices earlier this month after Apple lowered its sales forecast for the … [Read more...] about Apple lowers some iPhone prices outside U.S.
Apple Inc. said Tuesday that its revenue of the fiscal 2019 first quarter has fallen 5 percent to 84.3 billion US dollars from the year-ago quarter, the first time that the US hi-tech giant has reported a revenue decline for the quarter ending in December in more than 10 years, Trend reports citing Xinhua. Market analysts attributed the drop in earnings largely to the company's disappointing sales in China as Apple reported a 15 percent decline in iPhone revenue for the first quarter ending on Dec. 29, 2018. Apple CEO Tim Cook said it was "disappointing" that the Cupertino, California-based company has missed its revenue guidance for the past quarter. The revenue from iPhone sales for Q1 quarter totaled 51.98 billion dollars, slightly below the market forecast of 52.67 billion dollars. However, Apple said its total revenue from all other products and services grew 19 percent, with services revenue from Apple Pay, Apple Music and iCloud storage hitting an all-time high of 10.9 billion … [Read more...] about Apple posts drop in quarterly revenue
US tech giant Apple Inc. has laid off more than 200 people from its secretive self-driving program Project Titan this week amid restructuring of a new leadership of the company's autonomous vehicle group, Trend reports with the reference to Xinhua. Other employees affected by the restructuring were moved to different jobs inside Apple, said a report of CNBC. An Apple spokesperson confirmed the reshuffle, saying the employees assigned new roles will support the company's machine learning and other initiatives. "We have an incredibly talented team working on autonomous systems and associated technologies at Apple. As the team focuses their work on several key areas for 2019, some groups are being moved to projects in other parts of the company, where they will support machine learning and other initiatives, across all of Apple," said the spokesperson of the Cupertino, California-based tech giant. "We continue to believe there is a huge opportunity with autonomous systems, that Apple has … [Read more...] about Apple cuts 200 jobs from self-driving department