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Apple, Samsung trade barbs as $2 bln patent trial opens

Lawyers for Apple and Samsung exchanged barbs as a major new patent trial opened Tuesday, debating the role of a company not even part of the case -- Google. Apple's legal team vowed to prove that Samsung flagrantly copied iPhone features and should pay more than $2 billion in damages, as the two smartphone giants squared off anew in a California courtroom. Apple attorney Harold McElhinny opened his presentation with a video showing legendary Apple co-founder Steve Jobs introducing the first iPhone in 2007.

In appeal, Apple says judge 'wrong' in e-books case

Apple has appealed the verdict in its e-books price-fixing case, saying a US federal judge was "wrong" in ruling that the tech giant stifled competition. "Apple's entry as an e-book retailer marked the beginning, not the end, of competition," the company said in its appeal filed late Tuesday in the landmark case which found Apple guilty of illegally conspiring to fix prices.

Court backs Apple e-book monitor, within limits

A US appeals court on Monday shot down Apple's bid to derail a court-ordered monitor in its e-book price-fixing case. The panel of judges specified, however, that the monitor's job is limited to making sure that Apple has an antitrust compliance program put in place and that workers across the board are taught its details. "It became apparent that the parties differed considerably regarding the proper interpretation of the order as to the scope of the monitor's duties," a panel of three justices from the Second Circuit Court of Appeals said in their ruling.

Court backs Apple e-book monitor, within limits

A US appeals court on Monday shot down Apple's bid to derail a court-ordered monitor in its e-book price-fixing case. The panel of judges specified, however, that the monitor's job is limited to making sure that Apple has an antitrust compliance program put in place and that workers across the board are taught its details. "It became apparent that the parties differed considerably regarding the proper interpretation of the order as to the scope of the monitor's duties," a panel of three justices from the Second Circuit Court of Appeals said in their ruling.

Apple quickly buys back $14 bn in shares

Apple gobbled up $14 billion worth of its shares in the two weeks after earnings figures disappointed the market, chief executive Tim Cook said in an interview published Thursday. Cook told The Wall Street Journal that the maker of iPads, iPhones, iPods and Macintosh computers was "surprised" by a drop in share price triggered by the quarter results and wanted to be "opportunistic." Including the shares bought after the release of earnings results on January 27, California-based Apple has bought back more than $40 billion worth of its stock, according to the Journal.

Icahn snaps up Apple shares as price dips

Activist investor Carl Icahn fired off word on Tuesday that he beefed up his Apple stock holdings by a half-billion dollars as the share price dipped. "Just bought $500 mln more $AAPL shares," Icahn said in a message on Twitter. "My buying seems to be going neck-and-neck with Apple's buyback program, but hope they win that race." The move came as Apple shares were down about eight percent in the wake of a quarterly earnings report that showed record iPhone and iPad sales but noted that weaker profits may be ahead in the fiercely competitive mobile gadgets market.

Doubts about Apple's growth prospects escalate after 1st-quarter letdown, cautious forecast

SAN FRANCISCO - It's going to take more than brisk sales of the iPhone and iPad to convince investors that Apple still has the magic touch. Wall Street's nagging doubts about Apple's further growth prospects were magnified late Monday with the release of the company's results for a three-month period that encompassed the holiday shopping season. Even though Apple sold more iPhones and iPads than in any previous quarter, the showing disappointed investors who were expecting even bigger things from the Cupertino, Calif., company.

Apple shares tumble despite new revenue high

Record iPhone and iPad sales pushed Apple quarterly revenue to a new high but shares tumbled Monday over concerns of weaker profits ahead in fierce mobile gadget markets. The California-based tech giant reported net income of $13.1 billion on revenue of $57.6 billion in the quarter that ended December 28, helped by selling 51 million iPhones. The profit was the same as Apple reported in the same quarter a year earlier when its revenue was $54.5 billion.

Apple shares tumble despite new revenue high

Record iPhone and iPad sales pushed Apple quarterly revenue to a new high but shares tumbled Monday over concerns of weaker profits ahead in fierce mobile gadget markets. The California-based tech giant reported net income of $13.1 billion on revenue of $57.6 billion in the quarter that ended December 28, helped by selling 51 million iPhones. The profit was the same as Apple reported in the same quarter a year earlier when its revenue was $54.5 billion.

US fires back at Apple bid to thwart e-book monitor

US prosecutors on Friday fired back at Apple's bid to derail a court-ordered monitor in its e-book price-fixing case. Apple is out of line asking for an emergency order stopping the monitor from tending to business until the outcome of an appeal in the case, Mark Ryan of the US Department of Justice argued in a court filing. Ryan held firm that assigning the monitor was backed by law and sound judgment, and that Apple has been "stonewalling" to prevent oversight of the company.
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