All posts from Zacks
Zacks in Our Research. Your Success.,

Apple News: Headaches Over Trademarks, App Store, and More

Less than two weeks after failing to meet earnings expectations and recording the first year-over-year decline in iPhone sales to date, Apple AAPL finds itself with a host of new headaches this week.

The first piece of major news surrounding the company comes out of China, where a court ruled against the company in a major trademark battle. After losing in two lower courts, Apple lost again after the Beijing Municipal High People’s Court ruled that leather goods manufacturer Xintong Tiandi could continue to print the word “IPHONE” on its mobile phone cases.

Xintong Tiandi, which has squared off against Apple in several other cases, trademarked the word “IPHONE” for use on leather products back in 2010. Apple first brought this case against the company nearly four years ago. Apple will now try its last legal option by appealing to the Supreme People’s Court.

Also on Thursday, Apple was forced to deal with a major disruption to its App Store program. For nearly seven hours, a company system status page said that “all users” were affected by an issue with the App Store “not working as expected for all users.”

The problem, which appeared to be related to the App Store’s search function not displaying results correctly, has since been resolved.

Finally, questions are starting to be raised about Apple’s ability to handle its users data after a recent blog post complaining about Apple Music exploded across the internet. Apparently, one Apple Music user saw over 122 GB of music files disappear from their computer after using the service. This is not the first report of missing files thanks to Apple Music, and the company itself has seemingly admitted that it is a known issue.

For the latest news on Apple, make sure to follow our analysis on the company’s ticker page!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 DaysClick to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APPLE INC (AAPL): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research