MacRumors

Fortune has released its annual Fortune 500 list of the top U.S. corporations based on gross revenue, which together accounted for $12.5 trillion in revenues, $945 billion in profits and $17 trillion in market value. Apple maintained the 5th spot in the rankings for the second consecutive year after steadily rising from 6th place in 2013, 17th place in 2012, 35th place in 2011 and 56th place in 2010.

"After a bumpy start to 2014, Apple's stock finished the year up 40%, adding nearly $200 billion to the company's market value. A product pipeline that's gotten Apple fanboys lining up all over again has certainly helped reenergize revenue growth: In addition to unveiling new categories like Apple Pay and Apple Watch, the company launched the iPhone 6, selling a record-breaking 10 million units in the first three days. As CEO Tim Cook recently told investors: "It's tough to find something in the numbers not to like." The normally low-profile Cook is breaking new ground in other ways too—in October, 2014 he came out as the first openly gay CEO of a Fortune 500 company."

Fortune identified fast-growing iPhone and Mac sales and brand power as two of the company's key strengths, while citing declining iPad sales and high expectations from investors and consumers as weaknesses. The publication believes Apple's much-rumored streaming TV service presents an opportunity for the company, while Android and Chinese smartphone manufacturers remain threats.

Apple recorded operating revenue of $182.79 billion during the 2014 fiscal year, a 7% year-over-year increase. Walmart, Exxon Mobil, Chevron and Berkshire Hathaway topped the list with between $194.6 and $485.6 billion revenue, although it's worth noting that Apple finished ahead of all four of those companies with $39.5 billion in profit and recently posted two record-breaking quarters.

Apple today announced that the Apple Watch will be available for purchase in Italy, Mexico, Singapore, South Korea, Spain, Switzerland and Taiwan on Friday, June 26. The wrist-worn device will be sold through the Apple Store, Apple Online Store and select authorized resellers.

Apple also announced that it will begin selling select Apple Watch models through the Apple Store in two weeks, presumably including the United States and other first wave launch countries. Apple Watch orders have been taken exclusively online since the device launched in April.

“The response to Apple Watch has surpassed our expectations in every way, and we are thrilled to bring it to more customers around the world,” said Jeff Williams, Apple’s senior vice president of Operations. “We’re also making great progress with the backlog of Apple Watch orders, and we thank our customers for their patience. All orders placed through May, with the sole exception of Apple Watch 42 mm Space Black Stainless Steel with Space Black Link Bracelet, will ship to customers within two weeks. At that time, we’ll also begin selling some models in our Apple Retail Stores.”

A limited selection of Apple Watch models will be available at 10 Corso Como in Milan, BOONTHESHOP Cheongdam in Seoul and Malmaison by The Hour Glass in Singapore on June 26, just over two months after the device launched in the United States, Australia, Canada, China, France, Germany, Japan, Hong Kong and United Kingdom. A total of 16 countries will now sell the Apple Watch.

Despite early rumors suggesting Apple would introduce a redesigned Apple TV set-top box at its Worldwide Developers Conference in June, it appears the device will not be ready to debut at that time. In a report covering what to expect at WWDC, The New York Times' Brian X. Chen writes that Apple has postponed its plans because the product is "not ready for prime time."

Yet one much ballyhooed device will be absent from the conference: a new Apple TV, Apple's set-top box for televisions. The company planned as recently as mid-May to use the event to spotlight new Apple TV hardware, along with an improved remote control and a tool kit for developers to make apps for the entertainment device. But those plans were postponed partly because the product was not ready for prime time, according to two people briefed on the product.

Apple has not introduced a revamped version of its Apple TV since 2012, leading to years of rumors and speculation about the company's plans for the device. Since 2013, nearly every Apple event has been targeted as the venue where we'll see a new version of the Apple TV, but no product has materialized as of yet.

According to the most recent rumors, Apple is currently working on a new version of the Apple TV that will include ambitious additions like a full App Store that supports apps and games, Siri support, and an SDK for developers. It is also said to include an A8 chip, an increase in internal storage, and a touch-based remote.

There is no word on when the Apple TV might debut, but it's possible that it could be introduced later this year alongside Apple's rumored subscription television service. Apple was said to be targeting a WWDC launch for its TV service, but those plans were also delayed as the necessary deals are not yet in place.

With its subscription television service and set-top box off the table for the Worldwide Developers Conference, the event will focus on iOS 9, OS X 10.11, and the company's new Beats-based streaming music service. The Apple Watch will also be a major focus, with Apple planning to debut native Apple Watch apps as shared by Jeff Williams last week.

Update: Re/code is also reporting that the Apple TV will not be introduced at WWDC.

Pebble's latest smart watch, the Pebble Time, has already begun shipping out to early Kickstarter backers, but customers receiving the device may not be able to use it with an iPhone because the accompanying Pebble Time Watch app has not yet been approved by Apple.

According to a Kickstarter update posted this afternoon, the Pebble Time app has been in limbo since May 22, spending more than two weeks going through Apple's app review process without approval.

The unreleased Pebble Time Watch app was first submitted to the App Store in early May, and approved on May 18. Pebble went on to push a bug fix for the app on May 22, requesting an expedited review from Apple, which was not granted. Pebble has also been unable to add Pebble Time support to its existing iPhone app because that app has been stuck in the reviewing process since April.

The Pebble Time iPhone app, as we've all noticed, is not yet live on the iTunes AppStore. It remains "in review." This unexpected circumstance pains us as much it does backers with watches ready to set up. We're doing all we can to mitigate the delay and make Pebble Time Watch for iPhone available for download.

We appreciate you hanging in there with us while we navigate this obstacle.

It is not clear why Apple has delayed approval of the two Pebble iPhone apps, and Pebble has not shared details on conversations it may have had with the company regarding the review process. It's possible Pebble has violated an App Store rule leading to the delay, but there's also the possibility that Apple has opted not to approve the app as it competes with the Apple Watch.

In April, navigation app SeaNav US was rejected for mentioning Pebble support in its App Store description, a violation of an App Store guideline that prevents apps from highlighting competing platforms. Other apps that mention Pebble support have been approved, however, and there are many Pebble-focused apps in the App Store.

In order to motivate Apple to approve its app, Pebble is asking its customers to contact Apple on its behalf, reaching out to Apple through the company's feedback system and through Twitter and Facebook. "Together, we can kindly express our desire to see the App Store #FreeOurPebbleTime with a speedy approval of Pebble Time Watch for iPhone, reads the blog post.

Update 12:08 PM 6/5: Pebble has updated its Kickstarter page to notify customers that Apple has now approved the Pebble Time Watch app. It should be rolling out to customers soon.

A new report from Variety today (via iClarified) suggests that Showtime's parent company CBS is putting the final touches on a standalone streaming service for the premium cable network, with rumors pointing to an official announcement either later today or sometime on Thursday.

Just like HBO NOW, the service would allow customers interested in Showtime to circumvent a traditional cable subscription and gain access to all of the network's shows and films for a single monthly fee. Variety says that CBS will reveal a partnership with Apple and the Apple TV that will be the exclusive home of the Showtime online-only service, similar to HBO NOW's initial exclusivity window on Apple TV and iOS devices. CBS still plans for other online partners to be announced in the future, according to "industry sources."

No name or price model was detailed yet for the Showtime service, but as pointed out by Variety, the move would fall in line with the company's announcement last fall of a $6 per month streaming service that presented access to the network's library of old and new shows. With Showtime cable subscriptions aligning closely with that of HBO, the new service would undoubtedly fall in the ballpark of HBO Now's $14.99 per month charge.

Update: As expected, Showtime has confirmed the streaming service will officially launch on July 12 for iPhone, iPad, iPod touch and Apple TV. The monthly service will run users $10.99 and simply be called "Showtime." The early July launch will also coincide with the new seasons of Ray Donovan and Masters of Sex.

Apple today announced a voluntary recall of all Beats Pill XL speakers due to the rare possibility that the battery in the speakers may overheat and pose a fire safety risk. Apple advises all customers to stop using the Beats Pill XL speakers and will issue a $325 refund or Apple Store credit to affected customers. The recall does not extend to other Apple or Beats products.

The U.S. Consumer Product Safety Commission notes that the recall applies to about 222,000 Beats Pill XL speakers sold in the United States from January 2014 through June 2015, while Health Canada says that approximately 11,000 units were sold in Canada. Apple received eight reports of incidents of the speakers overheating, including one that burned a customer's finger and one that burned a customer's desk.

"Because customer safety is the company’s top priority, Apple is asking customers to stop using their Beats Pill XL speakers. Customers who purchased a Beats Pill XL speaker should visit www.apple.com/support/beats-pillxl-recall for details about how to return their product to Apple, and how to receive an Apple Store credit or electronic payment of $325."

Beats Pill XL speakers were introduced by Beats by Dre in November 2013, prior to Apple acquiring the company in 2014, and are sold in five colors: black, metallic sky, pink, titanium and white. Apple will issue refunds to affected customers approximately three weeks after receiving the returned Beats Pill XL speakers in a postage paid box.

Apple has added a new support document on its website (via iFun.de) that confirms the third-generation Apple TV or later can be used to control HomeKit-enabled accessories when you are away from home using an iOS device.

After signing in with the same Apple ID on an iOS device and Apple TV, users can use Siri commands to remotely control lights, locks, thermostats, smart plugs and other HomeKit-enabled accessories. A separate new support document lists the available HomeKit-compatible devices as they begin to roll out.

The new support documents were added just as multiple accessory makers announced the first HomeKit-compatible products, including Lutron, iHome, Elgato, Insteon and Ecobee. Many of the accessories are available for purchase or pre-order this week, and others should be unveiled following Apple's annual Worldwide Developers Conference next week.

It has been known that the Apple TV would serve as a centralized hub for many of these accessories since their original unveiling at CES 2015 in January, while support for the HomeKit framework was quietly included in the Apple TV 7.0 software update last September, but today marks one of the first official confirmations from Apple.

Apple is widely expected to announce a new A8-based Apple TV with an App Store and Siri at WWDC next week. The next-generation set-top box is rumored to feature a "dramatic increase" in internal storage, well beyond the 8GB included in the current model, and the inclusion of Siri will enable users to control HomeKit-enabled accessories using voice commands.

HomeKit was announced at WWDC last year as a software framework for communicating with and controlling connected devices in the home, but the home automation platform experienced delays over the ensuing months and did not officially launch until this month. Apple is expected to provide more details about HomeKit and related accessories during its WWDC keynote on June 8 at 10 AM Pacific.

(Thanks, Marco!)

Apple CEO Tim Cook was honored at the Electronic Privacy Information Center's Champions of Freedom event in Washington yesterday, where he took the opportunity to give a speech covering Apple's stance on privacy, the importance of guarding customer information, and the company's views on encryption.

TechCrunch has shared details on both the event and Cook's speech, calling him "characteristically passionate" about the topics he spoke on.

"Like many of you, we at Apple reject the idea that our customers should have to make tradeoffs between privacy and security," Cook opened. "We can, and we must provide both in equal measure. We believe that people have a fundamental right to privacy. The American people demands it, the constitution demands it, morality demands it."

Cook highlighted Apple's commitment to customer privacy while also lambasting other Silicon Valley companies like Google and Facebook for collecting customer data. "They're gobbling up everything they can learn about you and trying to monetize it," Cook said. "We think that's wrong. And it's not the kind of company that Apple wants to be."

"We believe the customer should be in control of their own information. You might like these so-called free services, but we don't think they're worth having your email, your search history and now even your family photos data mined and sold off for god knows what advertising purpose. And we think some day, customers will see this for what it is."

On encryption, Cook said he believes it's "incredibly dangerous" that some government agencies advocate for unfettered access to consumer data and devices, an issue that's come to light following encryption changes that Apple introduced with iOS 8. As of iOS 8, Apple no longer stores device encryption keys, making it impossible for the company to bypass a passcode and provide consumer data at the government's request.

According to Cook, weakening encryption with a "master key" for the government has a "chilling effect on our First Amendment rights and undermines our country's founding principles." He says Apple will continue moving forward with encryption and will focus on building products "that keep people's information safe."

More of what Cook had to say during yesterday's speech can be found over at TechCrunch. The Verge has also shared details on the speech.

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Apple is set to kick off its 2015 Worldwide Developers Conference on Monday with a keynote event that begins at 10:00 a.m., and as it does every year, the company has begun decorating the Moscone Center in San Francisco where the conference will be held.

As of this afternoon, work crews have begun placing the iconic Apple stickers on the outside of the building, while also preparing to begin erecting banners in the lobby of Moscone West. As can be seen in photos shared by MacStories, the first leaves of the logo are visible.

In a few hours, we'll likely see the first banners for the 2015 event, which may sport the tagline "The epicenter of change." Apple will continue decorating the center throughout the week, adding additional signage both inside and outside.

Oftentimes Apple's banners reveal hints on upcoming operating system changes, suggesting potential names and feature sets, but those revelatory banners will likely be kept under wraps until later this week. In 2014, we didn't see signs for iOS 8 and OS X 10.10 until Friday.

This year's keynote will include the debut of iOS 9 and OS X 10.11, along with a new streaming music service, a revamped version of iTunes Radio, a new Apple TV set-top box, and a rewards program for Apple Pay. For more details on what to expect, make sure to check out our WWDC roundup.

Apple plans to provide a live stream of the WWDC keynote on the Apple TV and through its website. MacRumors will also provide live coverage of the event for those unable to watch, both on MacRumors.com and through our MacRumors Live Twitter account.

Update: The Apple logo on the outside of Moscone West has now been completed and the first interior WWDC 2015 banners have gone up. Image via MacStories.