Apple has paid the Swiss Federal Railways service $21 million to license the clock design Apple is said to have ripped off in iOS 6.
The controversy and subsequent licensing by Apple stems from a complaint the Swiss Federal Railways service (Schweizerische Bundesbahnen or SBB) fired off in September.
The SBB Argued then that Apple copied its iconic clock design – a clock face which can be seen in Swiss train stations since 1944 – without permission for the iOS 6 mobile operating …

A group of Wal-Mart employees who took a video of themselves abusing iPads at a Wal-Mart store room have consequently lost their jobs.
The video in question is the one posted below which went viral after a Reddit post.
In an interview with a Wal-Mart spokeswoman, CNET’s Chris Matyszczyk says that Wal-Mart has confirmed that the employees in the video have been given the boot.
“We’ve seen the video of several night-shift associates destroying merchandise in the back of one of our …

China Telecom will be offering the iPhone 5, the company has revealed.
According to The Wall Street Journal, China’s third-largest wireless carrier by subscriber base will be selling the iPhone 5 in the weeks to come.
China Telecom did not offer any specific date when it will release its own iPhone 5 but The Wall Street Journal says that its Chairman, Wang Xiaochu, said that the carrier will sell the recently-released iPhone starting late November or early December.
That doesn’t mean China …

A respected bond specialist is predicting that Apple stock will continue to decline up to the point where it will be worth $425.
In an interview with CNBC, esteemed bond fund manager Jeffrey Gundlach predicts that Apple stock price will continue to slide.
He says the stock may even hit as low as $425.
Apple stock (AAPL) is down over 20 percent since its high in September.
Gundlach says that he began shorting Apple stock in April.
He says he does not understand why people seem to be so obsessed …

Foxconn revealed on Wednesday that it is “falling short” of meeting the huge demand for the recently-launched Apple iPhone 5.
The information comes directly from Foxconn Chairman Terry Gou who spoke with reporters after a business forum, Reuters reports.
According to Gou, “It’s not easy to make the iPhones.”
Furthermore, the Foxconn senior executive said that Foxconn is “falling short of meeting the huge demand [for the iPhone 5].”
Reuters says, however, that the chairman did not …

Apple may have just bailed out Sharp for a non-insignificant amount of $2 billion, suggests a respected analyst.
Sharp, as we all know, is in trouble. The besieged Japanese tech firm for the second quarter of the year reported an operating loss of about $935 million, a precipitous drop from about $375 million in profit for the same year-ago quarter.
As of its latest report, Sharp released guidance that it expects to lose about $5.6 billion for the whole of 2012. Sharp is selling properties left …

A Texas jury has ordered Apple to pay VirnetX, a patent holding company, $368 million in damages.
VirnetX filed a complaint in the US District Court for the Eastern District of Texas, a court known for being friendly to patent litigants.
This particular federal court was the venue where VirnetX won $200 million against Microsoft earlier this year for patents related to VPN technology.
VirnetX alleged and successfully campaigned in court that Apple violates four patents it owns. These patents …

Apple may finally be directly gunning for Android as it told a judge recently that the mobile operating system infringes on patented technology it owns.
According to Bloomberg, Apple told US Magistrate Judge Paul S. Grewald on Tuesday that Android 4.1 Jelly Bean should be added to a case the iPhone maker filed against Samsung.
Furthermore, Apple sought to add the Samsung Galaxy Tab 10.1 tablet to its case against Samsung in San Jose, California.
The two companies have been at each other’s …

Iconic Italian automaker Ferrari has announced that it is adding current Apple Senior Vice President of Internet Software and Services Eddy Cue to its board of directors.
The announcement was made by Ferrari as it bared its performance for the first nine months of the year.
Ferrari Chairman Luca di Montezemolo said in a statement that “I am delighted that Eddy Cue, one of the main driving forces behind Apple’s range of revolutionary products, has now joined our board. His huge experience in …

Jimmy Kimmel is known for a lot of things and one of them is making fun of Apple and its fans every time the iPod-maker releases a new product such as the iPad Mini.
In one of his latest shows, the host basically says Apple has released only an iPod since 2001, albeit different interpretations of the consumer electronics gadget.
On a more serious note, however, he said that: “Anyone standing in line for an iPad Mini in New York and New Jersey this week should be punched in the throat, right? …