Since rumors about the new “iPhone 7” have emerged, Apple shares have increased by about 19%.
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In addition, sales have increased in the third quarter, and in May it was announced that the company had already “pulled” between 72 and 78 million devices from the manufacturer by the end of this year.
The Largest Corporate Fine in History
The recent decision by the European Commission to fine Apple and order it to pay $14 billion to Ireland has made headlines beyond corporate news. This largest corporate fine ever imposed (equivalent to Apple’s quarterly profit for 2015) is a result of violating EU legal rules on state aid. Apple had received undeserved tax benefits for a full eleven years of operation in the island nation – from 2003 to 2014. Almost equally interesting was the news that the Republic of Ireland had, in some way, waived these claims.
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The New iPhone 7
Interesting events are yet to come… Apple has scheduled the presentation of the mobile phone model – “iPhone 7” for Wednesday, September 7. More storage space, water resistance, extended battery capacity, a thinner case with a greater selection of colors are some of the advantages of the new model. The “iPhone 7 Plus” model is expected to feature dual-lens optics. Distributors expect the retail price of the new model to start at $700 and above.
