MacRumors

Activist investor Carl Icahn has filed paperwork to ask Apple shareholders to recommend a $50 billion share repurchase to Apple's board of directors.

The request is what's called a precatory proposal, meaning even if a majority of shares vote in favor, it would not be binding on Apple's management. In an interview with Time, Icahn said he believes CEO Tim Cook and Apple's management team are doing a good job, but he believes the company should be spending more of its capital on its own shares.

For his part, Icahn says he doesn’t consider his proposal an indictment of Apple CEO Tim Cook, or the company’s management, per se. "Tim Cook is doing a good job with the business,” Icahn tells TIME. "I think he’s good whether he does what I want or not." But, says Icahn, referring to the company’s huge cash stockpile, "Apple is not a bank."

[...]

I’m not against the management of this company. But they’ve got too much money on their balance sheet."

Icahn is able to withdraw his proposal before the shareholder's meeting if he no longer wishes to press the issue, either because Apple agrees with him or he believes a potential proxy fight is no longer in his favor. If not, Apple would likely recommend investors vote against the proposal, even though it isn't binding.

Since he first disclosed his position in Apple back in August, Icahn has been vocal about asking the company to increase its buyback at the same time he has dramatically increased his stake in the company.

Apple, for its part, announced a significant increase in its capital return program back in April of 2013, and management pledged to reexamine its share repurchase and dividend programs in the first half of 2014.

Following Apple's $200 million purchase of social analytics firm Topsy earlier this week, a wide variety of analysts and pundits have been considering what Apple might do with the company.

More than anything, Topsy is a search and analytics company, holding a number of search-related patents that could be implemented directly into the App or iTunes Stores to improve searches and discovery. One patent helps rank search results based on reputation and influence, which could be used to help higher quality apps rise to the top of App Store search results, for example.

Another patent details the return of search results to include popular items related to a specific query on a social media site. While not directly related, a similar technology could be incorporated into App Store search. For example, a user searching for Major League Baseball apps could be linked to other trending sports apps for the NFL or NBA.

Twitter considered buying Topsy as well because, according to AllThingsD, "Topsy’s search technology and tools were even more effective than Twitter’s own in-house search tools" but Twitter ultimately decided to pass on the purchase.

Apple has purchased companies in the past to boost its search results on the App Store, most notably Chomp, acquired by the company last year.

Apple has also been focusing on increasing its advertising revenue in recent years, first with iAd's in-app advertising, and more recently with iTunes Radio. Another Topsy patent relates to the display of certain advertisements to users based on an "influence score" that helps determine which advertisements are shown to a particular user.

As for what Apple will do with Topsy, TechCrunch's Matthew Panzarino is thinking along these same lines.

If I had to hazard a guess, this might be related to Apple building out the relevancy engine of its App and iTunes Stores. Adding social signals to the search algorithms of its stores could help to improve the relevance of search results and help Apple surface apps that are hotter and more interesting to users. Tracking app trends across social networks would allow them to fine tune categories and collections of apps, and surface apps that are gaining steam more quickly.

Pulling the thread out a bit further, it's possible that Apple could even use the data from your Twitter feeds to recommend apps on a more personal basis, rather than ‘generically' to everyone. Apple has done little of this kind of personalized recommendation work to this point, but there's always a first time for everything.

The Wall Street Journal concurs, saying that "Topsy's insights could be useful in several Apple services, including the iTunes media store, Siri voice assistant or iAd advertising platform."

Another pundit, Azeem Azhar, argued on LinkedIn that Topsy's search platform could be part of the foundation for an Apple move against Google in search. The company already built a mapping app, displacing Google Maps in one of the iPhone's most fundamental features -- and an investment in search could be a logical place to spend some of Apple's enormous cash pile.

Wouldn't it be smart for Apple to deploy Topsy's search infrastructure as the search layer for iOS? Working to index both the social Web, but also the best bits of the Web that power Siri and Apple Maps, reduce the reliance on Google and reduce the flow of advertising dollars to the big G.

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These are additional signals that could make the experience of search on iOS really different to the experience on Google. A search which encapsulates data on the web, databases of businesses, real, fresh social signals and purchase preference data from 900m consumers. All accessible from my iOS device, connected back to my Apple ID (and the credit card attached to it).

Topsy has full access to the Twitter 'firehose', meaning its technology can be used to deal with enormous amounts of data and its search engine technology is designed specifically for that. It's possible that Topsy's search engine could be used by Apple for more than just search, however. The company could combine iCloud, App Store purchase data, reviews, social network activity and more to get a better idea of their customer's activity for both advertising and search purposes.

While the purchase of Topsy is notable, the $200 million acquisition accounts for some 1/750th of Apple's current $150 billion in cash and will likely be the one of many acquisitions that Apple makes during fiscal 2014.

Last year, in fiscal 2013, Apple made a total of 15 acquisitions of varying sizes over the course of the year. In its public financial calls with analysts, Apple executives have repeatedly said that a number of new hardware, software and services products are in its pipeline for release in calendar 2014 and beyond.

At its October media event, Apple narrowed down the launch window for its redesigned Mac Pro to "December", but with the month having already begun the company has yet to announce a more specific launch date.

German retailer Conrad Electronic has, however, now begun taking pre-orders [Google Translate] for the two stock configurations of the new Mac Pro, citing availability of Monday, December 16.

It is unclear what Conrad is basing its availability citation on, but it appears to be the first specific claim of a launch date from a retailer, something many potential customers have been waiting for. Availability of the new Mac Pro is likely being constrained by new Intel Ivy Bridge-EP processors that were officially launched in September but which have apparently been somewhat slow to ramp up production.

Holiday shopping considerations would be less of a factor for the new Mac Pro than for most of Apple's other products, given the professional focus of the machine, but the end-of-the-month holiday season could present some logistical issues for Apple given employee vacations and other factors.

Also unclear is what kind of volumes the new Mac Pro will ship in at launch. If supplies are tightly constrained as it appears they may be, shipping dates may quickly slip into early 2014 with only a small number of units making their way to retailers and customers before the end of the year.

Update: French site MacGeneration posted a Tweet earlier this week claiming that delivery to customers may come on December 18, which could be in line with December 16 shipping availability.

Update 2: Conrad has removed its Mac Pro pre-order pages.

(Thanks, Martin!)

Following the seeding of the latest OS X Mavericks 10.9.1 beta to developers yesterday, Apple has now distributed the latest build of the OS to AppleCare employees, reports 9to5Mac.

This sort of internal release typically signals an imminent public release of the software, assuming the OS X development team does not find any mission critical bugs in final testing.

The update includes the following fixes:

- Improved support for Gmail in OS X Mail, and fixes for users with custom Gmail settings
- Improves the reliability of Smart Mailboxes and search in Mail
- Fixes an issue that prevented contact groups from working properly in Mail
- Resolves an issue that prevented VoiceOver from speaking sentences that contain emoji
- Updates Shared Links periodically when open in the Safari Sidebar

The first beta of 10.9.1 was seeded to developers back in mid-November following a public update specifically to address issues with Mavericks' Mail.app and Gmail.

A number of retailers have noted that the iPad Air was a top seller over the Black Friday shopping weekend, and new data from Localytics indeed shows that to have been the case. Localytics, which tracks the number of new devices showing up through its analytics network of over 20,000 apps and over one billion devices, saw a 51% increase in new iPad Air devices compared to the previous weekend.

The first-generation iPad mini also performed well, seeing 28% growth compared to the previous weekend, while the iPhone 5c came in third with 26% growth. All three products were available in significant quantities for the Black Friday weekend and in many cases saw steep discounts. Products with tighter supplies and lower discounts, such as the Retina iPad mini and the iPhone 5s, unsurprisingly saw smaller spikes in activations.

According to Localytics’ data, a whopping 51% more new iPad Air devices were seen than the previous week. This is due to a combination of factors, including Apple’s promotion of giving gift cards with purchases of the iPad Air and iPad Mini (but not iPad Mini 2nd gen) devices. This, combined with a smaller base of iPad Air devices and the novelty of the iPad Air (released on November 1st) resulted in the iPad Air dominating on Black Friday weekend. Apple’s older iPad Mini model finished second, and the iPhone 5c took third.

Data from Localytics of course does not include devices purchased over the Black Friday weekend but set aside as future gifts, suggesting that the spike in sales was likely even higher than shown in the data.

While Apple's iPad Air has seen strong sales in part due to its recent introduction and dramatically thinner and lighter design, the device has also benefited from a general surge in popularity for tablets, with 39% of consumer electronics shoppers over the Black Friday weekend indicating that they planned to purchase a tablet. Given the iPad's market-leading position and plentiful supplies of the iPad Air, it is unsurprising that the device saw strong sales over the weekend.

Exact Editions, a London based digital publishing startup, has begun implementing Apple's iBeacon microlocation receivers to deliver location-based access to iOS Newsstand publications, reports TechCrunch. The iBeacon receivers are used as a part of the company's “ByPlace“ service, which can trigger location specific publications and other content once an iPhone or iPad is nearby.

In the first implementation of the program, patrons of Bar Kick in Shoreditch, UK can access soccer magazine "When Saturday Comes" and style magazine "Dazed & Confused" free of charge while at the bar, with the apps reverting to regular subscription status once out of range of Bar Kick's iBeacons.

Exact Editions expects that selling subscriptions attached to iBeacon delivery will be particularly attractive to a magazine with a niche audience, and one that will be particularly associated with corresponding venues. The principal advantages for the venues are as follows:

1. Suitable content can be selected (eg film magazines for a cinema wifi zone, fashion magazines for an arty venue, finance or business magazines for a location in the City or in an airline lounge etc.)
2. The venue can choose its content to suit its audience, and the iBeacon will generate statistics which indicate which magazines are most used and when.
3. There will be discreet but noticeable in-app branding for the venue, through the use of ‘courtesy panes’ within the app, stating the sponsorship eg “When Saturday Comes brought to you by courtesy of Bar Kick”.
4. As the venues get statistics on the usage of the apps that they host, and as they get in-app credit for the use of those apps, they will be able to measure to an extent the degree to which freely magazine apps generate repeat business. The customer who really enjoys his app and walks out with the app synced to his iPhone has a reason to buy a subscription in iTunes, but he also has a reason to return to the bar where he got some free access.

First introduced at WWDC, iBeacon microlocation APIs are designed to access location data through the Bluetooth Low Energy profile on iOS devices, interacting with physical transmitters. The technology first appeared earlier this year, when Major League Baseball announced plans to begin incorporating Apple's iBeacon APIs into its MLB.com At the Ballpark app to create interactive experiences within stadiums in the near future.

Apple is also said to be incorporating iBeacon technology into its own Apple Store app and retail stores, providing customers with enhanced location-based product information and in-store services. Recently, shopping app Shopkick and Macy's teamed up for the first retail-based iBeacons, allowing customers to find location-specific deals, discounts, and recommendations in the Shopkick app while in a participating Macy's store.

Multiple Apple Stores in the United States have started price matching the iPhone 5c and the iPad Air, reports 9to5Mac. On those particular devices, some Apple Stores will match the prices of brick and mortar retailers that have been selling the products below retail price.

Walmart, for example, sells the entry-level 16 GB iPad Air for $479, a $20 discount off of the standard retail price Apple offers. MacRumors heard conflicting reports of Apple Stores price matching discounts over Black Friday, but following the major shopping holiday, it appears retail employees may have been given more flexibility when it comes to price matching options.

Released in September and October respectively, both the iPhone 5c and the iPad Air have been widely available since the launch, while supplies of the iPhone 5s and the Retina iPad mini have been far more constrained, which explains why Apple is not offering price matching on those particular products at this time.

Apple's price matching policies vary from store to store, and some stores may opt out of price matching all together. Price matching only applies to physical stores and is limited to a 10 percent total discount, which means customers can still find a better deal elsewhere in some cases, especially when it comes to the deep discounts offered on the iPhone 5c.

Update: According to a retail employee, Apple now has an official policy on price matching, which allows specialists to price match iPhones, iPads, and Macs, giving up to 10 percent off on products without authorization. Specialists are also allowed to give business customers up to 20% off a non-Apple accessory when purchased with an Apple product via special order.

Currently, the iPhone 5s and the Retina iPad mini are excluded from price matching.

Following last week's announcement of Siri "Eyes Free" integration for select Honda and Acura vehicles, Honda today held a Google Hangout to announce even deeper integration for the 2014 Honda Civic and 2015 Honda Fit.

The new Civic, which goes on sale tomorrow, and the upcoming Fit, which launches early next year, will offer an all-new Display Audio interface featuring a 7-inch touchscreen that will be familiar to smartphone users, offering easy access to a variety of features.

Offering one of the largest touchscreens in its class, Display Audio uses the familiar pinch, swipe and tap functionality of a smartphone to access audio, phonebook, media, vehicle information and available navigation features.

Icons resembling smartphone apps are displayed on a 7-inch, high-definition, capacitive touchscreen, making the interface intuitive and easy to use.

Leveraging the large touchscreen display, new HondaLink apps for iOS will allow users to seamlessly connect their iPhone 5, 5s, or 5c to vehicle systems for accessing online content. The suite consists of four iOS apps now available:

- Connect App – Provides convenient access for many services including location searches, local weather, messaging, Maintenance Minder alerts, service scheduling by phone, and access to the Owners Guide. Users can tap for weather updates and store favorite destinations for quick routing with the Navigation app.

- Navigation App – For the first time Honda is offering a comprehensive cloud-based navigation app for purchase [$59.99 in the App Store] that includes 3D mapping and continuously updated traffic information. As the first navigation app developed by an automaker with mapping data provided by HERE, a Nokia business, this app offers a variety of location search options including search by point of interest, text search, or previous locations. Routes can be pre-planned on a smartphone and will display on the vehicle’s touchscreen. Turn-by-turn routing guidance is available through the vehicle’s audio system as well.

- Aha App – provides access to an extensive and diverse selection of audio content across multiple genres and demographics, plus featured new stations, Internet radio, podcasts, audiobooks, news, Twitter and Facebook updates and nearby location listings for restaurants, coffee houses, hotels, weather, parks, and gas stations. Users can tap to personalize stations or add favorites via smartphone or directly through the Display Audio interface.

- Launcher App – Finds and organizes Honda-approved 3rd party apps so they can be quickly integrated into the Display Audio system. Approved apps can be found through the Launcher and shown on the Display Audio screen for easy access.

Beyond the new HondaLink features, the Civic and Fit with Display Audio will also be the first Honda vehicles to have factory installed support for Siri Eyes Free, with the compatibility for 2013-2014 Honda Accord and 2013 Acura RDX and ILX models announced last week arriving as a dealer installed accessory.

Honda's Google Hangout offering more information on iOS integration with the new Civic and Fit is archived here.