#Business

Every story tagged #Business

Judge grants Apple early discovery in trade secrets suit against OpenAI and io

BusinessOct 15, 2026 at 9:14 PM

A federal judge has granted most of Apple's request for early discovery in its trade secrets lawsuit against OpenAI, the AI hardware startup io Products and two former Apple employees, according to a report from 9to5Mac on the October 13 ruling.

Apple filed the suit around July 10, 2026. It names former employees Chang Liu and Tang Tan, along with OpenAI and io Products. Apple alleges that the two ex-employees improperly accessed or used confidential information about Apple's products and technologies to help OpenAI's consumer hardware effort, and that information was also obtained from Apple employees during recruiting interviews.

Apple posts record June quarter with $109.4 billion in revenue

BusinessJul 30, 2026 at 1:30 PM

Apple has reported results for its fiscal third quarter, which ended on June 27, 2026. Revenue came in at $109.4 billion, a 16 percent increase compared with the same quarter a year earlier.

Diluted earnings per share reached $2.02, up 29 percent year over year. Apple said both the gross margin of 50.1 percent and the per-share figure were helped by refunds related to tariffs, which contributed roughly two percentage points to margin and eleven cents to earnings per share.

According to the company, iPhone, Mac and Services each set a revenue record for a June quarter and each grew by double digits. Revenue also rose by double digits in every one of Apple's geographic segments, and operating cash flow was a June-quarter record.