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Apple Resumes Operation Of All China Retail Locations

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After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. has reportedly put all of them back into operation. Apple has been slowly reopening the locations, with 38 of the 42 shops open for business as of last week. China is the third-largest market for the tech company.

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Legal Fees, New Reguation Costs Could Impact Apple's Bottom Line, Company Report Says

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In Apple 's annual report , the tech giant discussed the impact that various legal proceedings and new regulations around the world could have on its operations and financial conditions. Apple said that, regardless of the merit of those claims, the lawsuits can prove expensive, costing time and disrupting day-to-day management.

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Santander Hires Ex-Apple Exec To Head P2P Payments

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Banco Santander announced that it has hired Trish Burgess, formerly of Apple, to head up its peer-to-peer (P2P) payments department, according to a release. At Apple, Burgess provided insight and direction for the Apple Card , working with the engineering, product, marketing and operations teams from both Apple and Goldman Sachs.

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Apple, Watch Your Market Cap — Amazon Is Coming

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Apple has long been in the lead to become the first $1 trillion company based on its stock market value, but Amazon, the nation’s leading eCommerce player, is closing in on the iPhone maker. Apple was within $50 billion of it in early June, noted Bloomberg. At the same time, however, Amazon has been gaining steam.

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Filings Reveal Payments At Center Of Fortnite/Apple/Google Legal Battles

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The latest salvo in the legal battles against Apple and Google alleging antitrust behavior – where court dockets are getting decidedly crowded – is now joined by Fortnite, and it’s a bit different from what came before. Both Google and Apple charge developers for access, in what is seen by some observers as a literal version of pay for play.

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Amex Cleared To Operate In China

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The post did not say when Amex would start operations in the country. Final approval from the PBOC is still required in order for Amex to begin operating there. China aims to open up the market to international companies, as many foreign firms have been lobbying to enter the country for about 10 years.

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Apple Holds 41 Percent Share Of Smartwatch Market

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As global smartwatch shipments grew by 37 percent year-over-year in the second quarter, Apple has maintained dominance in the category with a 41 percent market share. In terms of models, the firm reported that the five best-selling smartwatches are the Apple Series 1, Fitbit Versa, Amazfit Bip, Apple Series 3 and Fitbit Ionic.

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