STEVE JOBS

Lawmakers extended their probe into location tracking on mobile devices this week, asking Apple Inc and other developers to divulge how they use location data and scheduling a separate hearing on mobile privacy.

Apple is facing a class action suit over the location data that security researchers recently publicized.

Researchers unveiled that Apple's iPhone was actively logging the whereabouts of its users, but its not just Apple's phone that's tracking you. Though the company has remained silent after Wednesday's revelations, the reason that Apple is tracking consumers simply relates to a legal statement they made on the matter nearly a year ago: advertising.

Apple Inc surprised no one with yet another quarter packed with spectacular numbers. But a miss in sales targets on the iPad may prompt some to temper their lofty views.

Apple's iPhone 3G, iPhone 3GS, the iPhone 4, and iPad models are also keeping track of consumers whereabouts. Mac computers running Snow Leopard and even Windows computers running Safari 5 are being watched. The question is why?

In its suit against Samsung, Apple is accusing Samsung of copying significant portions of the iPhone's functionality for use in devices like the Galaxy S. But are the devices really that similar?

Apple is hitching its smartphone wagon to gaming big time, finally! Apple is letting select developers play around with an iPhone 4 which is implanted with an A5 chip rather than the A4 in order that they can bring out the full gaming prowess on the upcoming iPhone 5. If the gaming slant of the iPhone materializes it would go to prove rumors that Apple was delaying the launch for the iPhone 5 for strategic reasons and not so much because of logistical constraints.

During Apple's first quarter 2011 earnings Wednesday, Apple Chief Operating Officer Tim Cook updated stockholders and analysts on the status of CEO Steve Jobs, who has been on a medical leave of absence since January.

Minnesota Senator Al Franken has called out Apple after reports emerged that the company's products were keeping detailed records of the location data of their users.

In a two-page letter sent to Apple CEO Steve Jobs, Franken discusses what he calls the worrisome existence of the iPhone's and iPad's extensive location data.

The iPhone 5 media overkill can resume now, with a Reuters snap report from Hong Kong late on Wednesday saying that Apple will begin production of the much-awaited device in July and that the product could hit stores in September.

Apple Inc's quarterly results again smashed Wall Street's expectations, fueled by record iPhone and Mac sales, offsetting lower-than-expected sales of its iPad tablet computer.

Apple Inc is expected to report another spectacular quarter on Wednesday, tempered by growing caution over how supply constraints will squeeze margins and restrain iPhone and iPad sales.

Apple's next-generation iPhone will have a faster processor and will begin shipping in September, three people with direct knowledge of the company's supply chain said.

In a discussion the company's background and history in product innovations, Apple revealed that it sold 19 million iPads and 108 million iPhones.

Apple suppliers will begin production of its next-generation iPhone in July this year, with the finished product likely to begin shipping in September, three people familiar with the matter said on Wednesday.

Shares of Toshiba Corp jumped 4 percent on Wednesday after a newspaper report that Apple Inc would invest in its production of small smartphone-use displays, dropping Sharp from the running for that business in Japan.

Apple will soon carry Square's innovative credit card reader at its 235 stores.

Samsung's Galaxy S 4G, Nexus S, Epic 4G, and Galaxy Tab are all cited in the suit.

Apple Inc may provide the first signs this week that the Japanese crisis is pressuring margins, clouding what should otherwise be another dazzling second quarter for the makers of the iPad and iPhone.

It took fewer than 400 words for freshman Google Inc CEO Larry Page to set the tone for a strained relationship with Wall Street that could haunt him for years.