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Iconic iPhone from Apple turns 10 this year, has sold more than one billion iPhones since then

Sales of iPhone were a large factor towards making Apple one of the richest companies in the world

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In this Jan. 9, 2007 file photo, Apple CEO Steve Jobs holds up an Apple iPhone at the MacWorld Conference in San Francisco. Apple Inc. VOA
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Jan 09, 2017: Smartphones are everywhere, so it is hard to believe the iconic iPhone from Apple was launched just 10 years ago today.

That day Apple co-founder Steve Jobs took the stage at Macworld 2007 to introduce what he called three products in one, “a widescreen iPod with touch controls, a revolutionary mobile phone and a breakthrough internet communications device.”

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Apple has sold more than one billion iPhones since then, changing the way we communicate, take pictures, listen to music, watch videos and keep in touch with loved ones, to name a few.

“iPhone is an essential part of our customers’ lives, and today more than ever it is redefining the way we communicate, entertain, work and live,” said Tim Cook, Apple’s CEO. “iPhone set the standard for mobile computing in its first decade and we are just getting started. The best is yet to come.”

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Currently, Apple is selling the seventh edition of the smartphone, iPhone 7, and a larger version, the iPhone 7 Plus.

Sales of iPhone were a large factor toward making Apple one of the richest companies in the world.

“Too often, only modest advances are over hyped as “world-changing” and “revolutionary,” but I believe those phrases understate the impact of the iPhone,” Sprint CEO Marcelo Claure told Fortune magazine. “Steve Jobs and Apple didn’t just create a product and then market its features. They sparked a true technological revolution because they’ve always had a laser focus on providing billions of people a better way to do the things they do every day.” (VOA)

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Apple could acquire the entertainment company, Netflix

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Apple could acquire the entertainment company, Netflix
Apple could acquire the entertainment company, Netflix. IANS

San Francisco, Jan 1, 2018: Contrary to the reports of Apple launching a video subscription product in 2018 to counter Netflix, analysts from Citi have said that the iPhone maker could possibly buy the entertainment company by taking advantage of US President Donald Trump’s corporate tax cut.

According to Citi analysts, Jim Suva and Asiya Merchant, there is a 40 per cent likelihood that Apple will acquire Netflix. Under the new taxing rules, the tech giant will be able to repatriate about $220 billion in cash to the US.

“The firm has too much cash — nearly $250 billion — growing at $50 billion a year. This is a good problem to have,” Suva and Merchant were quoted as saying.

“Historically, Apple has avoided repatriating cash to the US to avoid high taxation. As such, tax reform may allow Apple to put this cash to use. With over 90 per cent of its cash sitting overseas, a one-time 10 per cent repatriation tax would give Apple $220 billion for mergers and acquisitions (M&A) or buybacks,” they added.

A report in business insider said that iTunes has been a huge hit for the company, but viewers have migrated increasingly to services like Netflix, Amazon or Hulu to watch their favourite shows leaving Apple struggling to offer a compelling TV or movie offering.

In September 2017, reports poured in that Apple might lease the Culver Studios in California as it plans to pour $1 billion into TV and movie productions.

The battle for best movie scripts and television projects intensified between tech giants in the Silicon Valley. Google-owned YouTube is already producing original television series and Amazon has won Oscars for “Manchester by the Sea” show.

The iPhone maker has already hired top Hollywood talent Sony duo Jamie Erlicht and Zack Van Amburg to lead its Hollywood push and is reportedly developing a new TV show that will star Reese Witherspoon and Jennifer Aniston. (IANS)

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