Apple profit slips 18%, but investors cheer dividend increase

NEW YORK (CNNMoney) -- Apple's cheaper, older devices have been popular with consumers -- but those discounts have pinched the company's profits.The tech titan's profit fell 18% last quarter, and its gross profit margin declined by nearly 10 percentage points.

Apple bans app in possible new wave of crackdowns

(CNN) -- An app that helps users find other apps for free has been banned from Apple's mobile store in a move some say heralds a new round of blacklisting for content the company doesn't like.AppGratis, which partners with app developers as a sort of clearinghouse to help them get noticed, was first informed Friday that it was being pulled, according to CEO Simon Dawlat.

Report: Next iPhone could land this summer

(CNN) -- Let the iPhone 6 speculation begin.Apple is kicking off production on a new iPhone in the coming months and could announce the device this summer, according to a report in The Wall Street Journal.

Apple, Samsung to do battle over smart watch market

Apple, Samsung to do battle over smart watch market

(CNN) -- Apple, as the reports go, is working on a "smart watch," although the secretive company won't say anything about it, of course.So, after months of speculation, what does its chief rival in the mobile world do?Announce that it definitely is working on a smart watch.Lee Young Hee, executive vice president of Samsung's mobile business, said as much during an interview in South Korea, where the company is based.

Security flaw allows snoopers to access locked iPhones

Security flaw allows snoopers to access locked iPhones

(CNN) -- The passwords on iPhones can be hacked, giving someone the ability to make calls, listen to your recent messages and tinker with your contact list, according to a new video posted to YouTube.The apparent security flaw is shown on an iPhone 5 and can be exploited on phones running Apple's iOS 6.1, the most recent version of its mobile operating system, and some earlier versions.The technique was posted by a Spanish-speaking user with the account name "videosdebarraquito," who has posted other videos that show what appear to be ways to tweak settings on the iPhone.

Apple releases new iPad with 128 GB of storage

Apple releases new iPad with 128 GB of storage

NEW YORK (CNNMoney) -- Apple unexpectedly added a new member to its iPad line on Tuesday, offering a 9.7-inch Retina iPad with 128 gigabytes of storage -- doubling the tablet's previous max capacity.

Apple sells 48 million iPhones, but profit squeezed

NEW YORK (CNNMoney) -- Apple reported a record quarter on Wednesday, boosted by strong iPhone and iPad sales, but the popularity of cheaper versions of its mobile devices pinched the company's profits.

Apple stock falls below $500

NEW YORK (CNNMoney) -- The sell-off in Apple stock continued Tuesday, with shares falling below $500...again.

Business Journal Report (1-9-13)

Business Journal Report (1-9-13)

In business news for Wednesday, January 9th, 2013 -- The Wall Street Journal reports Apple is working on a less expensive version of the iPhone that could debut this year.

Foxconn buys $200 million stake in GoPro

Foxconn buys $200 million stake in GoPro

NEW YORK (CNNMoney) -- Foxconn, the Taiwanese manufacturing giant famous for its production of Apple products, announced Thursday that it has bought a 9% stake in much-buzzed-about camera maker GoPro.

Apple will make computers in the U.S. next year

(CNN) -- Apple will begin manufacturing a computer in the United States next year, says CEO Tim Cook, marking a shift in perhaps the most-criticized element of the company's beloved gadget empire.

Two top executives out at Apple

(CNN) -- Scott Forstall, one of the most visible faces of Apple in the wake of Steve Jobs' death, is leaving the company in a surprise shakeup at the head of Apple' ranks.