Apple has reached a non-exclusive deal with Mobile TeleSystems, Russia's largest mobile carrier, to start selling the iPhone in Russia. Reuters reported, that a second Russian carrier has also signed an agreement. Official sales of the iPhone in Russia are likely to begin in October. The iPhone is expected to sale for 24,000 rubles or approximately $990. The price is higher then the iPhone price... More

Best Buy wins agreement to sell Apple's iPhone. Best Buy will become the first retailer other than AT&T to be able to sell Apple's iPhone. Shares of Best Buy rose 2.5 percent and shares of Apple rose 1.2 percent immediately following the news. Both companies declined to comment on the terms of the agreement, and at least one analyst thinks that RadioShack may still obtain a similar agreement with... More

CEO Jobs stated that software sales at Apple's online iPhone store are averaging $1 million a day. In an interview with Steve Jobs, he predicted that sales from Apple's iPhone app store to reach over $1 billion in sales at some point.

Apple reported strong Q2 earnings; however, the company expects its gross profit margin to drop next quarter sending the stock down over 10 percent after hours. Peter Oppenheimer, Apple's Chief Financial Officer, hinted about a new product which the company expects to introduce before the end of September. As usual no specifics were mentioned, but Mr. Cook mentioned that the new products would provide... More

Apple Inc, has taken the number three spot in U.S. PC sales just surpassing Taiwan's Acer and is now the sixth largest computer manufacture world-wide. Most of Apple's increased sales are due to the increasing popularity for its iPod and iPhone products.

Apple has sold 1 million new 3G iPhones in its first three days. The stock rose nearly 3.5 percent as many analysts had predicted much slower sales. Last year it took 74 days to reach 1 million in sales for the original iPhone. As of last night, nearly half of Apple's 187 U.S. retail sells are completely out of stock, and AT&T reported that most of its stores have also ran out of inventory.

AT&T stores have run out of their initial shipments of iPhones just two days after the iPhone launch; however, most Apple stores still have inventory. Apple's global partners in U.K., Germany, Canada, and Japan reported that many its stores ran out the very first day of the launch as thousands lined up to buy the new model. According to initial numbers, most consumers seem to be preferring the 16... More

The launch of Apple's new 3G iPhone turned into a mess Friday, after many customers experienced issues getting their new iPhones to work. The problem was the iTunes severs become extremely overloaded causing grief to customers trying to activate their new phones. A system wide problem prevented consumers from activating their phones in store as planned. Consumers were told to go home to finish the... More

Apple has lowered its prices for its 64GB SSD version of its MacBook Air by $500 due to significant drops in the prices of NAND memory. The SSD MacBook Air will now cost $2,598 instead of $3,098; however, the price of the regular hard-disk MacBook Air remains at $1,799.

According to the study, Apple may actually have higher profit margins on its new G3 iPhone. Lower component costs may allow Apple to exceed 50 percent profit margins on every iPhone sold. ISupply estimates manufacturing costs for each iPhone to be around $173 compared to $265 for the original iPhone. With each iPhone selling for $200 and a $300 subsidy Apple may be experiencing very high profit... More

Apple Inc. stated that consumers have purchased and downloaded more then 5 billion songs from iTunes since its start. Apple also reported that its video service is also taking off, now with over 50,000 daily rentals or move purchases.

Apple Inc. stated Thursday that it plans to allow consumers who purchased the iPhone after May 27th to be eligible to exchange their current iPhone with a new iPhone and also receive a refund. Apple reported that they have sold over 6 million iPhones since its debut just one year ago.

Apple has agreed to subsidize the price of the iPhone with wireless carriers. The new 3G iPhones will cost consumers $199 for 8GB version and $299 for the 16GB version. Jobs reported that the new version will be available world-wide starting July 11th. The new version aims to take on blackberry with support for GPS and more importantly Microsoft Exchange.

The FinancialTimes has confirmed rumors that the iPhone will be subsidized. This will mean that carriers will share part of the initial cost of the iPhone. For AT&T, it is believed that they will pay $200 towards the initial cost of the iPhone and that the 3G iPhone will cost $399, making the total price for next gen iPhone to be $199 for consumers.

According to sources, a leaked firmware has given away the secrets about Apple's new 3G iPhone, which is expected to be released Monday. Looking into the iPhone's firmware reveals support for GSM, tri-band HSDPA, and GPS. This will make the new iPhone compatible with just about every wireless market in the world.