Fueled by the popularity of its new products, such as the iPhone 6 and iPhone 6 Plus, Apple's market capitalization soared to a record $700 billion in intraday trading Tuesday, a milestone that no other U.S. company has reached. By close on Tuesday, Apple's market cap had fallen to $690 billion, but that still makes the company significantly more valuable than Exxon Mobile, which is No. 2 in market cap, at $401 billion.
Sony can enjoy greater success as a supplier of smartphone components than a manufacturer in its own right, analysts say.
Apple is on track to sell a record 71.5 million iPhones in the fourth quarter of 2014, according to estimates from one financial analyst. However, analysts in general are divided over how long demand will last for Apple's new iPhone 6 and 6 Plus.
Lenovo continued to increase its share of worldwide branded tablet shipments during the third quarter of 2014, although Apple is expected to reverse a nine-month slide in the fourth quarter.
Apple put a lot of new things into the market this year--the iPhone 6 and iPhone 6 Plus, the iPad Air 2 and plans for an Apple Watch--but 2014 will also mark the moment it took out something important: the word "free" from its App Store.
Google has settled patent litigation with a consortium of companies backed by Apple, Microsoft and other tech giants, according to a court filing. Financial terms of the settlement were not disclosed.
Apple plans to bundle the Beats Music subscription streaming music service it acquired earlier this year into its iOS software, according to reports from the Financial Times and the New York Times.
Apple has not said when it will release its forthcoming Apple Watch or how much all of the variants will cost, but it is urging developers to make apps for the smart watch before it goes on sale next year. The company released WatchKit, a software toolkit that allows developers to begin building and testing apps for the watch.
The advantages of developing software for a device that stays pretty much glued to consumers 24 hours a day appear to be paying off. According to Yahoo!-owned mobile analytics firm Flurry, time spent on mobile devices has grown to 177 minutes per day on average, surpassing time spent with the TV, which stayed flat at 168 minutes per day.
The notion that Wi-Fi is somehow a second-class citizen because it's the "offload" for cellular operators? Well, that just doesn't hold water any longer. If given a choice, most consumers already choose Wi-Fi first and cellular second.