Tag: Million

Apple Pays $25 Million in Settlement Over Cover Flow, Time Machine Patents

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Apple will pay $25 million to settle a patent lawsuit with Network-1 Technologies’ subsidiary Mirror World Technologies and license its patents, the companies announced today. The patent (No. 6,006,227) dates back to 1999, covering a system that stores documents in a stream ordered chronologically, similar to Apple’s Cover Flow or Time Machine. Under the terms of the…

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Apple Watch Predicted to Capture 50% Market Share in 2016 on 14 Million Sales

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While the Apple Watch captured an impressive 75.5 percent share of the smartwatch market through its launch quarter last year, market research firm IDC predicts that watchOS will gradually cede market share to competing platforms such as Android Wear, Tizen, and Pebble OS over the next four to five years. IDC forecasts that the Apple…

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Apple Ordered to Pay $625 Million in VirnetX Patent Dispute

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Apple was today found guilty of willfully infringing on four patents in an ongoing dispute with VirnetX and has been ordered to pay $625 million in damages, reports CNBC. The patents in question relate to virtual private networking (VPN) protocols and in today’s ruling, the jury decided that Apple’s FaceTime and iMessages service, along with…

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Apple Music Now Has Over 10 Million Subscribers After Just 6 Months

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Apple Music has surpassed 10 million subscribers across iOS, Mac, PC, Android and Apple TV in just six months, a milestone that took its largest rival Spotify around six years to accomplish, Financial Times reported on Sunday. Apple Music, which launched in over 100 countries on June 30, 2015, has cemented its position as the…

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Brain Training App ‘Lumosity’ to Pay $2 Million to Settle Deceptive Advertising Charges

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Lumos Labs, the company behind the Lumosity app that promises to “challenge your brain” using a daily training program of cognitive games, will pay out $2 million to settle deceptive advertising charges brought against it by the United States Federal Trade Commission. According to the FTC, Lumos Labs deceived consumers by telling them the games…

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Eddy Cue ‘Thrilled With the Numbers’ as Apple Music Hits 11 Million Users

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In an interview with USA Today, Apple’s Eddy Cue reveals that Apple Music currently has 11 million users taking advantage of the initial three-month trial period, with two million of those taking advantage of the family plan that will cost $14.99 per month once the trial ends. A single-user membership will be priced at $9.99…

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Apple Watch Sales Estimated at 3 Million Through First 3 Months

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Apple Watch online sales in the United States are estimated to have totaled 3,039,353 at an average price of $505 through July 10, exactly three months after Apple began accepting pre-orders for the wrist-worn device, according to the latest data from market research firm Slice Intelligence obtained exclusively by MacRumors. The entry-level Apple Watch Sport…

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Apple Watch Received Estimated 1 Million Pre-Orders in U.S. on April 10

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Apple Watch received an estimated 957,000 pre-orders in the United States on April 10, the day the wrist-worn device became available for purchase, according to Slice Intelligence (via Quartz). The digital commerce tracking firm claims that nearly two-thirds of customers purchased the Apple Watch Sport model, with the 42mm space gray case the most popular…

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