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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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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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Apple Falls To Third Place In Wearable Band Market

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A new report has found that while Apple has fallen to third place in the wearable market for the second quarter of 2017, the total worldwide wearable band market grew 8 percent during the same period. According to Canalys Research , the market was led by Xiaomi , with shipments of 3.5 million Apple Watch shipments.

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Apple Adheres To Russia Demands Of Crimea Label On iPhone Apps

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Apple will adhere to Russia’s demands that the technology conglomerate change the way the Crimean peninsula is displayed on Apple’s Weather and Maps apps, according to BBC reports. The BBC said this change seems to be reflected on iPhones within Russia on devices set up to use the Russian version of Apple’s App Store.

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Goldman Gets Green Light To Operate Bank In South Africa

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As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and currency-derivatives market, Bloomberg reported on Monday (Jan. The filings also indicated that interest income would be spread across operating segments.

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Flywire Taps Former Apple Pay Exec As President, COO

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It’s a concept Rob Orgel, now the new president and chief operating officer at Flywire , told Karen Webster was foundational to his decade-long career at Apple — where he was part of the leadership team that developed, rolled out and grew the Apple Pay business. Flywire announced his appointment Tuesday (Nov.

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EU Digs Into Apple Pay Antitrust Probe

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The EU is looking even further into possible antitrust violations regarding Apple , with regulators trying to find out if online sales companies were ordered to use the tech giant’s mobile payment service instead of rival services.

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