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News round-up: Apple appeal denied, APPL stock soars above $400, more

Since Steve and I can’t cover everything, we’ll frequently offer a wrap-up of news items you should check out. First up: the full Federal Circuit has declined to revisit a decision blocking Apple and Visa from appealing the Patent Trial and Appeal Board’s “unfettered discretion” to throw out covered business method reviews of an e-wallet patent, reports Law360 (a subscription is required to read the entire article).

° Apple’s stock price crashed through the $400 mark in regular trading Friday, rising over 5% to about $406.

° And speaking of Apple stock, these developments as noted by AppleInsider: Investment bank Cowen has raised its AAPL price target to $470 on Apple’s better-than-expected June quarter results and its continuing status as a “defensive” stock. JP Morgan bumped its AAPL price target to $460, up from $425, following an earnings report that surprised “even bullish expectations” and far surpassed its own forecast. Investment bank Piper Sandler has raised its AAPL price target to $450, up significantly from $310, on Apple “holding up extremely well” during the pandemic.

° A copy of Fortune magazine from 1989 featuring Steve Jobs and reluctantly autographed by him, has been sold by one of his chauffeurs, reports AppleInsider.

° Internal Apple emails, made public by the House Judiciary Committee’s antitrust inquiry, have revealed information about why Apple blocked in-app purchases of Kindle books on iOS devices, reports The Verge.

° Also, as part of the House Judiciary Committee’s antitrust probe into Apple, lawmakers have released a variety of internal emails from Apple. A collection of those emails offer new details on Apple’s longstanding battle with Amazon over allowing in-app purchases of ebooks in the Kindle app.

° iOS 14 features like “ask to track” could hurt Facebook’s ad targeting business, said Chief Financial Officer David Wehner, per The MacObserver.

° Nvidia Corp. is in advanced talks to acquire Arm Ltd., the chip designer that SoftBank Group Corp. bought for $32 billion four years ago, according to people familiar with the matter, according to Bloomberg.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.