Tags: Apple
Foxconn woos Sharp with a more-than $5 billion offer; Innovation Network Corp no more the only potential buyer in the running
Foxconn has put forth a highly tempting offer of over $5 billion in front of the almost-bankrupt Sharp Corp, which well exceeds its current valuation at $1.8 billion. The other potential buyer, Innovation Network Corp. of Japan, who was already very confident, is not so sure of a win right now. Foxconn's bid amount not only surpasses Innovation's $2.5 billion, the Taiwanese firm has also offered to absorb all of Sharp's debts and not make any top management replacements. While the board does not want their Japanese seller to fall under any kind of foreign control, the decision needs to be based purely on deal economics and not political considerations.
Apple’s first iOS development center in Europe to open in Naples, Italy
Apple is all set to build its first iOS development center in Europe. With Italy's Naples as the chosen location, the world's largest app seller plans to provide opportunities to the students of the country to join the world's most enviable app ecosystem. Apple will help the teachers draw up a special curriculum to facilitate this process. Europe is already reaping the benefits as its developers have earned a total of $11.1 billion from sale of Apple apps. Now, with its move into Italy, the country is already looking at 75,000 job opportunities.
Apple releases iOS 9.2.1 that fixes a bug after three years it was discovered
Apple just released iOS 9.2.1 that fixes an iOS bug allowing malicious agents to impersonate end users' identities by granting the read and write access to website cookies.
Child Labor: Major device makers including Apple, Samsung, and Microsoft were reportedly involved
The child labor reported is taking place in the Democratic Republic of the Congo in cobalt mines. The estimation says that about 40,000 children are working for the mines. Companies listed in the report gave various responses following the accusations.