Apple

Microsoft beats Apple for biggest market value

The software giant ended Friday with a market value of more than $851bn (£668bn) compared with Apple's $847bn.

The two firms have been vying for top place all week, with Apple remaining ahead at the end of each trading day.

But the iPhone maker, which has seen its share price plunge in recent weeks, finally lost its lead.

On Friday, Microsoft shares gained more than 0.6% to close at $110.89, while Apple shares finished at $178.60, down about 0.5%.

Apple jams Facebook's web-tracking tools

"We're shutting that down," declared Apple's software chief Craig Federighi, at the firm's developers conference.

He added that the web browser Safari would ask owners' permission before allowing the social network to monitor their activity.

The move is likely to add to tensions between the two companies.

Apple's chief executive Tim Cook had previously described Facebook's practices as being an "invasion of privacy" - an opinion Facebook's founder Mark Zuckerberg subsequently denounced as being "glib".

Apple 'to buy Shazam for $400m'

Shazam, a UK company founded in 1999, allows people to use their smartphone or computer to identify and buy music through a snippet of sound.

Shazam, which says it has more than 100 million monthly users, makes most of its revenue from commissions paid on referrals to Apple's iTunes Store.

Neither Apple nor Shazam have commented on the reports on the TechCrunch site.

If the deal is confirmed, Shazam will become the latest in a string of UK technology firms to be bought up by larger businesses.

Apple rushes to fix major password bug

The flaw in MacOS High Sierra - the most recent version - makes it possible to gain entry to the machine without a password, and also have access to powerful administrator rights.

“We are working on a software update to address this issue,” Apple said in a statement.

The bug was discovered by Turkish developer Lemi Ergin.

He found that by entering the username "root", leaving the password field blank, and hitting "enter" a few times, he would be granted unrestricted access to the target machine.

Apple killing Touch ID on all iPhones in 2018, Report says

This feature is also expected to arrive on iPad Pro next year. The newest flagship from Apple doesn’t include the Touch ID fingerprint sensor which has been the companion of the home button since years.

Apple might kill the Touch ID fingerprint sensor from all the iPhone models releasing in the future, according to KGI Securities analyst Ming-Chi Kuo. He called 3D sensing a “key selling point” for the 2018 iPhone models and said it’ll help Apple “capitalize on its clear lead in 3D sensing design and production for smartphones.”

Apple suffers 'major iPhone X leak'

Two news sites were given access to an as-yet-unreleased version of the iOS operation system.

The code refers to an iPhone X in addition to two new iPhone 8 handsets. It also details facial recognition tech that acts both as an ID system and maps users' expressions onto emojis.

One tech writer said it was the biggest leak of its kind to hit the firm.

Apple is holding a launch event at its new headquarters on Tuesday.

Apple unveils an Amazon Echo competitor

At the event, held in San Jose on Monday, Apple (AAPLTech30) touted a new peer-to-peer payments service and announced a deal to bring Amazon video content to Apple TV after years of tension between the two companies.

Apple and Nokia to 'co-operate' after settling patent row

In December, Nokia sued Apple claiming the company had breached 32 technology patents covering displays, user interfaces and video encoding.

The two companies have now signed a deal allowing Apple to use the technology, and Nokia will receive an up-front cash payment.

Apple will also stock Nokia's health products in its retail stores.

The two companies have not revealed specific details of the financial agreement, but one analyst suggested it would be worth millions of dollars to Nokia.

Tags: 

Apple will finally sell 'made in India' iPhones

Production of the smartphones is beginning at a new plant in Bangalore, and Apple plans to start selling them in India within the next two weeks, the company said in a statement emailed to CNNMoney.

Apple (AAPLTech30) has chosen the four-inch iPhone SE for the initial rollout, a "small number" of which are being assembled at the plant in India's tech capital.

Apple sees surprise fall in iPhone sales

The California firm, which is due to release a new phone later this year, said it sold 50.8 million iPhones in the period, down 1% year-on-year.

Apple boss Tim Cook blamed a "pause" as customers wait for the next iPhone.

Shares in the firm fell nearly 2% in after-hours trading after earlier hitting a record high on expectations of better results.

Apple reported a 4.6% rise in revenue across the whole company to $52.9bn (£41bn), slightly below analysts' forecasts.