MacRumors

David TepperHedge fund billionaire David Tepper has sold his entire stake in Apple, according to a filing with the Securities and Exchange Commission (via Business Insider UK).

Tepper's 1.26 million shares in the company were last valued at around $133 million, according to data from Bloomberg. The massive sale of Apple shares is the second reported in as many months, after billionaire Carl Icahn dumped his stake in the company earlier this year based on worries over China's attitude towards the tech giant.

Since August 2015, 146 of the 833 hedge funds tracked by Goldman Sachs had Apple as one of their largest positions, earning it the number two spot on Goldman's list of stocks "most loved" by hedge funds.

But Apple shares have been on the decline since last month's earnings call, where the company announced its first ever drop in iPhone sales and its first year-over-year revenue drop in 13 years.

Two days ago, shares of Apple fell below $90 for the first time in nearly two years amid investors' concerns over slumping sales. Apple's stock price fell 3.3% to $89.47 during Thursday afternoon trading, leaving its market valuation at $494 billion. At the same time, Google's parent company Alphabet briefly overtook Apple as the world's most valuable company, hitting a market cap of $498 billion.

Apple today confirmed reports of an issue that causes music from personal collections to be deleted, telling The Loop it only affects a small number of users and that a fix is incoming in an iTunes update next week.

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“In an extremely small number of cases users have reported that music files saved on their computer were removed without their permission,” Apple said. “We’re taking these reports seriously as we know how important music is to our customers and our teams are focused on identifying the cause. We have not been able to reproduce this issue, however, we’re releasing an update to iTunes early next week which includes additional safeguards. If a user experiences this issue they should contact AppleCare.”

Last week, debate raged over the supposed glitch after Vellum's Jake Pinkstone wrote a blogpost complaining that Apple Music had deleted 122 GB of his personal music collection without his permission after he joined the service. The deletion occurred after Pinkstone had his music library scanned by Apple to make his collection available across his devices.

Confusion ensued after Pinkstone was told by an Apple Support Representative named Amber that Apple Music's matching system was "functioning as intended." When asked whether Apple Music was supposed to delete his personal music without his permission, Amber responded "yes." Amber's statement, however, was inaccurate according to Apple's own support document.

While the causation of the bug is still unknown, as Apple has failed to reproduce the issue, the company's statement suggests Apple has narrowed down the issue to iTunes rather than the Apple Music service. It's unclear whether the fix will arrive with a minor or major iTunes update. However, one possibility is iTunes 12.4, which will include a minor redesign and arrive in the next couple of weeks, according to a MacRumors source.

Related Forum: Mac Apps

In the future, drivers in the United Kingdom may be able to store their driver's licenses digitally in Apple's Wallet app, bringing Apple one step closer to fully replacing the traditional physical wallet.

Oliver Morley, CEO of the UK's Driver and Vehicle Licensing Agency, showed off a prototype version of a digital driving license on Twitter this morning (via The Independent). In the image, the Wallet app on the iPhone was shown with a virtual copy of a UK driving license, stored right next to other Wallet cards.

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According to Morley, the feature is still a prototype and will not serve as a full replacement for a driving license, but an add-on, with its implementation possible following the discontinuation of a paper driving license counterpart in June of 2015. Security is one of the main priorities for the introduction of the digital driving license in the UK.

Should the digital driving license feature be introduced in the United Kingdom, it's not a stretch to imagine it also being introduced in additional countries like the United States as the digital wallet concept grows in popularity. In fact, at least one state in the United States is already testing the idea - in 2014, Iowa said it was working on a digital app that would allow customers to use digital ID cards instead of physical cards.

Tags: DVLA, Wallet

For this week's giveaway, we've teamed up with Case Logic to offer MacRumors readers a chance to win one of the company's new Larimer Rolltop Backpacks. The backpack is available in "Hudson," a mix of blue, mint, yellow, and green, or "Petrol Green," a mix of green, tan, blue, and red. It's described by Case Logic as a utilitarian daypack that's able to hold a ton of stuff thanks to a multitude of pockets and an expandable rolltop feature.

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Like many Case Logic products, the Larimer Rolltop Backpack is made from a durable 600D polyester with a water-repellent coating, which is designed to stand up to damage. Padded, adjustable straps ensure it's comfortable to wear for long periods of time even when packed with gear.

The backpack, which has a matching multi-color diamond-patterned interior lining, can hold a MacBook up to 15 inches in its padded laptop compartment, and there's also a slip pocket for a tablet up to 10.1 inches, which will accommodate the iPad Air 2, the 9.7-inch iPad Pro, or a smaller tablet.

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Accessories can be put inside a zippered front pocket or an internal zippered pocket, and with the rolltop expanded, there's additional space for any essentials. A nylon web is attached at the bottom for securing a hat or shoes.

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The Larimer Rolltop Backpack can be purchased from Amazon for $49.99, but four MacRumors readers will be able to get one for free through our giveaway. To enter to win, use the Rafflecopter widget below and enter an email address. Email addresses will be used solely for contact purposes to reach the winner and send the prize.

You can earn additional entries by subscribing to our weekly newsletter, subscribing to our YouTube channel, following us on Twitter, or visiting the MacRumors Facebook page. Due to the complexities of international laws regarding giveaways, only U.S. residents who are 18 years of age or older are eligible to enter.

The contest will run from today (May 13) at 11:00 a.m. Pacific Time through 11:00 a.m. Pacific Time on May 20. The winners will be chosen randomly on May 20 and will be contacted by email. The winners have 48 hours to respond and provide a shipping address before new winners are chosen.

Kia has announced that its all-new 2017 Sorento is now on sale at U.S. dealerships as its first vehicle with CarPlay support available for purchase. The 2017 Sportage and 2016 Optima, when equipped with a compatible navigation or UVO3 system, will also now feature CarPlay when enabled models reach dealerships in the second quarter.

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Kia's all-new 2017 Sportage SUV

Customers who already purchased the 2017 Sportage or 2016 Optima equipped with a compatible system will be able to download a free software update that enables CarPlay through the UVO Home website beginning in the third quarter. Other models in the Kia lineup eligible for the CarPlay update will be announced at a later date.

"The arrival of CarPlay compatibility follows on a promise we made when Optima launched last year. These running changes and available downloads will seamlessly bring iPhone's easy-to-use interface and functionality to our newest and best-selling models," said Henry Bzeih, Managing Director Connected & Mobility Services, KMA.

Kia's lineup of announced CarPlay vehicles in the U.S. now includes the 2017 Cadenza, 2017 Forte5, 2016 Optima, 2016 Sorento, and 2016 Sportage. Its parent brand Hyundai offers CarPlay in the 2016 Sonata, 2017 Elantra, and 2017 IONIQ. Select models are also available in Canada and other regions where Kia vehicles are sold.

Apple periodically updates a list of available CarPlay models on its website.

Related Roundup: CarPlay
Tag: Kia

Didi-ChuxingApple announced yesterday that it has invested $1 billion in Chinese ride-sharing service Didi Chuxing, but CEO Tim Cook refused to elaborate on the reasoning behind the move, beyond saying that it will help the company better understand the Chinese market and "deliver a strong return" on its invested capital over the long term.

Nevertheless, a pair of new reports suggest that Apple's ambitions behind its investment in the Uber rival could relate to its oft-rumored electric vehicle plans and broader push into the automotive industry.

The Wall Street Journal wrote that Didi Chuxing is "not only an important ally in a key market, but also a rich data source for self-driving vehicles," which is valuable to Apple amid rumors that it is developing its own electric and possibly autonomous vehicle.

Didi provides Apple with a rich data source for its self-driving vehicle push. It also could provide benefits to Apple’s mobile ecosystem. Ride-sharing apps are closely linked to payment services, such as Apple Pay. They also can be the foundation for other mobile commerce transactions such as deliveries.

The investment sets up with a potential showdown of firms aligned with Uber, which has taken investments from Alphabet Inc.’s venture capital arm and Chinese search giant Baidu. Both Alphabet and Baidu have invested heavily in autonomous driving technology.

The Information reported that ride-sharing services like Didi Chuxing and Uber are highly interested in self-driving vehicles, which would reduce overhead costs by eliminating the need for contracted drivers. In fact, Uber CEO Travis Kalanick was reportedly planning to meet at Apple headquarters this week to "talk about future partnership opportunities," but the status of that meeting remains unknown.

This deal isn’t about the Didi service today. It establishes a future alliance around tech like self-driving cars, where Apple and Google are going head-to-head. Developing autonomous vehicles is the end game for these ride sharing companies—the move that will help them mint money by cutting out the cost of drivers. Uber has made big investments on that front, as has its partner Baidu. Didi had not. But Apple […] can help.

The so-called Apple Car, allegedly known as Project Titan internally, could launch by 2020. The bulk of research and development may be centered in the Santa Clara Valley area, near Apple's existing Cupertino headquarters, led by a team that includes former Tesla, Ford, and GM employees and other automotive experts. The vehicle is expected to compete with the likes of Tesla and Google.

Apple has updated its System Status page to reflect that iCloud Mail and Notes may currently be unavailable for approximately 0.86% of users.

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Apple says "users may be unable to send or receive mail and may also be unable to use Notes" until the services are restored.

The outage began shortly after 5:00 a.m. Pacific. This article will be updated when new information becomes available.

Update 9:41 AM: According to Apple's System Status page, the issue was resolved shortly after 9:00 AM Pacific Time.

A new wearable tech device revealed this week, called the "Tap," aims to simplify typing methods on devices lacking traditional keyboards (via Bloomberg). Made out of a soft foam material, Tap slips onto each finger of your hand and can translate 31 different taps into letters and numbers that are then transmitted to a Bluetooth-enabled smartphone or tablet.

All Tap needs is any flat surface -- "a table, a chair, or even your body" -- and for users to overcome a slight learning curve. Each finger on Tap is designated with a vowel, so the rest of the alphabet, and the usual array of special characters and punctuation, can be input using a combination of various finger taps.

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That might sound slightly complex, but its creators at Tap Systems, Inc say that it takes about one hour to master Tap thanks to the company's TapGenius App. The app is described as a mnemonic-based learning tutorial that combines an educational system for users to wrap their heads around Tap's new input style, with a gaming-style experience.

While Tap's current market purpose lies in quicker texting and typing within smart devices, the technology's creators see it as an evolving creation over the coming years. Possibilities include music creation, video game control, and other applications that could open up "a world of creative possibilities" for Tap's users. As it stands, the device already has some interesting practicality for visually impaired individuals, who could possibly learn Tap's new input system and become a nimble typist on a smartphone without the use of dictation.

"Tap brings an entirely new dimension to how we can interface with the digital world," said Ran Poliakine, Tap's co-founder. "Tap's fundamental technology is applicable not only to language, but also to music, gaming and control. It is a new modality that opens up a world of creative possibilities. We are partnering with creative developers and select OEMs to help us unlock its full potential. Our goal is to create an ecosystem in which our partners utilize Tap to deliver new and exciting experiences for our users.

Tap is currently in a beta test in San Francisco, with an expected ship date for a consumer model "before the end of 2016." The company will also be making a Tap Development Kit available to a few developers to begin implementing the technology in their apps, games, and even interactive AR and VR experiences.

Anyone interested can join Tap's waitlist to be the first to receive new information about the device as its development progresses.

Tag: Tap

A large number of MacBook Pro owners running OS X El Capitan are reporting widespread system freezes since installing the 10.11.4 update to Apple's Mac OS.

Hundreds of MacRumors forum members have been posting to a dedicated thread to discuss the issue, which spans 20 pages at the time of writing. The problem appears to be concentrated on 13-inch Retina MacBook Pros (Early 2015) running 10.11.4. Users report that their system becomes totally unresponsive at seemingly random times, with no way to regain access to their Mac other than to force a hard reboot.

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The issue was initially reported by MacRumors forum member Antonnn on March 25, four days after Apple released what is the third update to the Mac OS. In Antonnn's case, the freezes have been occurring "about once a week", first when browsing in Safari, but then also during the use of other Mac apps, including Adobe Photoshop and several third-party browsers. The freeze seems to affect not only the screen and mouse cursor but also the Mac's Force Touch trackpad, which completely loses feedback.

Many other users have since reported similar freezes after updating to 10.11.4, with some 15-inch MacBook Pro (Mid 2015) owners also experiencing issues. One potential cause has been identified from crash logs as a system framework or an Intel Graphics driver bug. The issue is also being reported after installing Safari Technology Preview Version 1 and OS X 10.11.5 Public Beta 1.

Video by MacRumors forum member appleofmy"i" experiencing the freeze issue.

Apple Support is apparently aware of the issue but have so far offered no concrete solution. Meanwhile, some users have resorted to downgrading their system to 10.11.3 by restoring from a Time Machine backup or performing a clean install.

We'll update this post throughout the day as we learn more.

Related Forum: MacBook Pro

Apple has invested $1 billion in Chinese ride-hailing company and Uber competitor Didi Chuxing, reports Reuters. The move is a strategic investment that will help the Cupertino company better understand the Chinese market, CEO Tim Cook told Reuters.

Didi-Chuxing

"We are making the investment for a number of strategic reasons, including a chance to learn more about certain segments of the China market," he said. "Of course, we believe it will deliver a strong return for our invested capital over time as well."

Didi Chuxing, which has raised several billion dollars in funding, says the investment from Apple is the largest it's ever received. Didi Chuxing dominates the ride-sharing market in China, completing more than 11 million rides a day and owning 87 percent of the market in the country.

Although Apple has hired many employees in recent months with automotive backgrounds, likely for its secretive Apple Car project codenamed Project Titan, Cook insists Apple is currently focused on the in-car experience. However, he did not deny what the future may have in store for a potential Apple Car. "That is what we do today in the car business," he told Reuters. "So we will have to see what the future holds."

Cook also used the deal to underline Apple's confidence in the market, saying that it reflects the company's "continued confidence in the long term in China's economy." Apple's sales fell 26 percent in Greater China in the second quarter of 2016, causing Carl Icahn to sell his full stake in the company. Apple was also recently forced to take down its iTunes Movies and iBooks stores in the country. Cook will visit China and meet with government officials this month.

With Apple shares dipping below $90 this morning, Google's parent company Alphabet briefly overtook Apple as the world's most valuable company hitting a market cap of $498 billion compared to Apple's market cap of $494 billion. Apple and Google shares continue to fluctuate and the two companies are neck-and-neck for the top valuation, but Google remains in the lead.

Apple's stock has seen steep declines in recent weeks, following its first ever drop in iPhone sales and its first year-over-year revenue decline since 2003. Apple's share price is down again amid rumors of weak demand for the upcoming iPhone 7 and there's no relief in sight as Apple is also expecting a revenue drop in Q3 2016.

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Apple's guidance for the quarter includes expected revenue of $41 to $43 billion and gross margin between 37.5 and 38 percent, compared to $49.6 billion revenue and gross margin of 39.7 percent in Q3 2015.

Google parent company Alphabet previously overtook Apple as the most valuable company in the world in February of 2016 following a strong Q1 2016 earnings report.

Earlier today, Apple was ranked the world's most valuable brand by Forbes, assigned a brand value of $154.1 billion compared to Google's $82.5 billion.

xcode-6Apple's app review process has become significantly faster during the first five months of 2016, according to AppReviewTimes.com, a website that tracks average App Store review times for both the iOS and Mac App Store using data crowdsourced from developers on both platforms.

App Store approval times have dropped to an average of two days, compared to between eight and ten days in May 2015, based on 328 reviews submitted in the last 14 days. The shorter process has been well received by the developer community, which had grown accustomed to weeklong waits.

"A lot of the way that we build software for iOS is controlled around the fact that you have a one-week release cycle," Button Inc. founder Chris Maddern, whose team has done work for Uber Technologies Inc. and Foursquare Labs Inc., told Bloomberg. "It can now happen within hours of submitting them, which is really awesome because it speeds up the development cycle."

Last December, Apple marketing chief Phil Schiller took over App Store leadership responsibilities from iTunes and services chief Eddy Cue. Schiller now leads nearly all developer-related functions at Apple, and WWDC 2016 next month could serve as a good opportunity for him to announce shorter approval times on stage alongside new versions of iOS, OS X, and other developer updates.

While much attention has been placed on Apple's first quarterly revenue decline in thirteen years, with some suggesting that the iPhone maker may push deeper into services to combat the slowdown, there is evidence to suggest that Tim Cook and company have bigger plans in store.

Apple analyst Neil Cybart of Above Avalon notes that Apple is now on track to spend a record $10 billion on research and development this year, up nearly 30 percent from 2015 and significantly more than the little over $3 billion per year it was spending on R&D just four years ago.

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Cybart believes that the most likely explanation for Apple's increased R&D spending is that the company is looking to make a long-term pivot beyond the iPhone, which currently accounts for nearly two-thirds of the company's revenue. His predicted product of the future: the widely rumored Apple Car.

"Apple is not spending $10 billion on R&D just to come up with new Watch bands, larger iPads, or a video streaming service," he wrote. "Instead, Apple is planning on something much bigger: a pivot into the automobile industry."

Apple's R&D spending has experienced a significant uptick since mid-2014, which Cybart attributes to Apple Car development over the past few years. There were similar quarter-over-quarter spikes in spending leading up to the release of the iPhone, iPad, and Apple Watch, as illustrated in the chart below.

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The analyst added that Apple has likely already spent upwards of a few billion dollars on Project Titan, the alleged internal codename for the Apple Car, with R&D spending likely to hit at least $14 billion per year by 2017 or 2018. He predicts the odds of Apple releasing an electric vehicle are at least 80 percent.

There is one very simple reason for my high degree of confidence: Project Titan is a long-term pivot. I don't consider Titan to be just another project that Apple has been tinkering around with in the lab for years like an Apple television set or Apple Pencil. Instead, Project Titan is much more about building a foundation for Apple that will literally represent the company's future.

Apple is widely rumored to be working on an electric vehicle that could launch by 2020. The bulk of research and development may be centered in the Santa Clara Valley area, near Apple's existing Cupertino headquarters, led by a team that includes former Tesla, Ford, and GM employees and other automotive experts.

Related Article: Apple R&D Reveals a Pivot Is Coming — Above Avalon

Google today announced "Gboard," a new third-party keyboard application for iOS devices that directly integrates the company's search capabilities into an iPhone or iPad's keyboard. With the new Google button in Gboard, users can search for information, send what they find, discover GIFs, emojis, and more, without having to exit a messenger app to visit Safari or Chrome.


In its blog post, the company gives an example of someone needing to look up the address of a restaurant, normally forcing them to leave the app, perform a search in a mobile web browser, copy the address information, return to Messages, paste it, then send it off. With Gboard, Google hopes to streamline that process into a headache-free card system built around the smaller UI space required of third-party keyboards.

With Gboard, you can search and send all kinds of things—restaurant info, flight times, news articles—right from your keyboard. Anything you’d search on Google, you can search with Gboard. Results appear as cards with the key information front and center, such as the phone number, ratings and hours. With one tap, you can send it to your friend and you keep the conversation going.

In addition to the basic search feature, Gboard lets users search for emojis -- unlike Apple's first-party keyboard -- by typing in key words like "dancer" to find the corresponding character. There's also a section that lets users browse and search for GIFs, and even glide typing for those who prefer sliding to text instead of tapping each key.

Google mentioned that Gboard "works in any app" with a keyboard, although it's available only in English within the United States at launch, with more languages planned soon. Those interested can download it from the App Store today for free. [Direct Link]

Tag: Google

Taylor Swift this morning tweeted out a new ad for Apple Music, this time showcasing a playlist called "Friday Night Rocks!" recommended to the singer within the For You tab of the music streaming service.

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The new commercial plays out in a way similar to Swift's previous ad, which saw her lip syncing to Jimmy Eat World as she prepared for a night out. This time, however, she dances around her living room alone to the tune of The Darkness' "I Believe In A Thing Called Love."

After the last ad, Apple Music head of content Larry Jackson confirmed that the company had created a series of commercials with Swift, and would continue a steady rollout of them, akin to the release of singles on a record.

Previous Coverage: Apple Music is 'Distractingly Good' for Taylor Swift in New Ad

Apple has been named the world's most valuable brand in 2016, according to the latest Forbes rankings, despite posting its first negative-growth quarter since 2003 with declining sales across its iPhone, iPad, and Mac product lines.

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Apple's recent slowdown was not enough to prevent the company from securing the number one position in the list for the sixth consecutive year, ahead of rivals Google and Microsoft. Forbes placed Apple's brand value at $154.1 billion, up 6-percent from 2015 and nearly double Google's value of $82.5 billion.

Coca-Cola, Facebook, Toyota, IBM, Disney, McDonald's, GE, Samsung, Amazon, AT&T, BMW, and Cisco rounded out the top fifteen. Apple Watch fashion partner Hermès ranked 48th on the list. Other notable companies listed include Intel (17th), Verizon (21st), HP (38th), Sony (76th), Netflix (79th), and T-Mobile (93rd).

Apple remains the world's most valuable company with a market cap of over $510 billion, despite its stock being down around 30-percent from May 2015 highs. Google parent company Alphabet trails closely behind, and briefly surpassed Apple as the world's most valuable company in February.

Apple also topped Interbrand's most valuable brand list in 2013, 2014, and 2015.

Update: AAPL is down nearly 3 percent in trading today, resulting in Google parent company Alphabet's market cap once again briefly surpassing Apple's. The two companies will likely continue to trade positions until the volatility settles.

Tags: Apple, Forbes

Microsoft is set to merge its team of Sunrise Calendar app developers into its Outlook team, in a move that signals the end for the popular standalone calendar app (via The Verge).

Sunrise Calendar was designed by former Foursquare engineers and won many fans for its ability to seamlessly integrate with various online services and incorporate social networking and event information from Google Calendar, Facebook, and LinkedIn.

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Microsoft acquired Sunrise in February 2015 in a deal rumored to be worth around $100 million. The company subsequently announced plans in November to merge Outlook and Sunrise into a single app. That plan appears have come into effect and Sunrise will be removed from the App Store in the "next few days", says Microsoft, with the app's online backend services to cease functioning altogether on August 31, 2016.

Microsoft has gradually been introducing features to its Outlook email and calendar app, and recently added Facebook, Evernote, and Wunderlist support. Skype for Business and OneNote integration are expected to follow soon, while Touch ID support was added in March.

Microsoft Outlook is available as a free download for iPhone and iPad on the App Store. [Direct Link]

Google is working on a standalone hardware device that will integrate the company's search and voice assistant technology, reports Recode.

According to sources, the product is said to be similar to Google's smart home enabled OnHub wireless router and is set to compete against the likes of Amazon's Echo.

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OnHub wireless router (Image: Google)

Google declined to comment on the rumor, but the project, said to be known internally as 'Chirp', is expected to be officially announced at next week's Google I/O developer conference, where voice search and intelligent personal assistance are to take center stage alongside the company's latest forays into virtual reality.

In 2014, Google acquired connected device company Nest, which reportedly had its own designs for an Echo competitor running Google's search technology, but scrapped the plans because of concerns over consumer privacy.

After launching the Echo over a year ago, Amazon announced in March two new additions to its lineup of voice-controlled smart hubs that house the company's personal assistant, Alexa.