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Over 300 iPhone X stolen near San Francisco Apple Store

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Iphone X
Over 300 iPhone X stolen near San Francisco Apple Store
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San Francisco, Nov 2,2017: How to get an iPhone X, which is reportedly facing a huge supply gap, without getting into a beeline? Well, you steal it before it enters the store.

This is what happened in San Francisco, where thieves stole more than 300 iPhone X devices worth over $370,000 (Dh 1,359,010).

According to a report by CNET on Thursday, the three thieves stole Apple’s new smartphones from a UPS truck parked outside a San Francisco Apple Store.

The truck was delivering 313 of Apple iPhone X devices that costs $999 a piece (for 64GB varient), the report cited the police as saying.

In India, iPhone X will be available in stores from Friday at a starting price of Rs 89,000 (64GB).

People could find their iPhones with Apple’s “Find My iPhone” and remote lockout features which caused a drop in stolen devices. So thieves are getting iPhones before these services are set up.

Meanwhile, US-based package delivery company UPS said it was working with the law enforcement investigating the theft.(IANS)

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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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Google withdraws YouTube app from Amazon Fire TV

Google hasn’t been happy about Amazon’s anti-competitive nature when it comes to allowing rivals to sell their own hardware items – like smart speakers and media players – on Amazon.com.

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