Apple

Politics
11:45 am
Tue May 21, 2013

Senator Rand Paul Defends Apple Against Tax Evasion Charges

U.S. Senator Rand Paul, R-Ky. is scolding colleagues for grilling Apple executives

Republican U.S. Senator Rand Paul of Kentucky blasted Democratic lawmakers for calling on Apple Inc.'s chief executive to testify over moving assets offshore to avoid taxes.

Apple CEO Tim Cook was called to testify before a Senate panel on Tuesday over claims the technology company is exploiting loopholes to avoid paying billions of dollars in taxes.

A report compiled by the Senate Permanent Subcommittee on Investigations found Apple is holding around $102 billion of its $145 billion in profits overseas while using technicalities to avoid any levies.

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The Two-Way
2:05 pm
Tue October 23, 2012

Apple Announces Smaller, Cheaper Version Of iPad

Apple Senior Vice President of Worldwide product marketing Phil Schiller announces the new iPad Mini during an Apple special event at the historic California Theater on Tuesday.
Kevork Djansezian Getty Images

Originally published on Tue October 23, 2012 2:35 pm

Update at 1:52 p.m. ET. Introducing iPad Mini:

Philip W. Schiller, the senior vice president of worldwide marketing at Apple, announced a new, smaller and cheaper version of its popular tablet, just minutes ago in San Jose, Calif.

"So, what can you do with an iPad mini that can't do with an iPad?" Schiller asked. "You can hold it in one hand."

The iPad mini is as thin as a pencil, weighs 0.68 pounds and has a 7.9 inch screen, Schiller said. The iPad has a 9.7 inch screen.

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