Consolidated vs consolidating financial statements


31-Oct-2017 21:33

Apple denied wrongdoing but, in settlement of the claims, Apple ultimately reinstated the telephone support for the duration of original ownership of the otherwise obsolete products and customers affected by the change were given a limited reimbursement if they had been refused telephone support, had been charged per incident, or had incurred third party support charges.In 20, two state-level class action suits were filed against Apple in New York and California alleging the first, second, and third generation i Pod music players sold prior to May 2004 did not have the battery life represented and/or that the battery's capacity to take and hold a charge substantially diminished over time.Apple's portfolio of intellectual property is broad enough, for trademarks alone, to encompass several pages of the company's web site and, in April 2012, it listed 176 general business trademarks, 79 service marks, 7 trademarks related to Ne XT products and services, and 2 trademarks related to File Maker. The claims of Apple's changes to its encoding and its refusal to license Fair Play technology to other companies were dismissed by the court 2009, but the allegation of Apple's monopoly on the i Pod's music download capabilities between 20 remained as of July 2012.Apple claims copyright interests in multiple products and processes and owns and licenses patents of various types as well and, while it states it generally does not license its patent portfolio, it does work with third parties having an interest in product interoperability. In March 2011, Bloomberg reported that, after a related 3-year inquiry by the Competition Commission, Apple agreed in 2008 to lower its prices on i Tunes tracks sold in the United Kingdom and that Steve Jobs had been directed by the court in March 2011 to make himself available to be deposed on Apple's Fair Play changes as they relate to the plaintiffs' monopolization claim.

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Some of these actions have determined significant case law for the information technology industry and many have captured the attention of the public and media.

In December 2010, two separate groups of i Phone and i Pad users sued Apple, alleging that certain software applications were passing personal user information to third-party advertisers without the users' consent. Press reports stated that in April 2011, Apple agreed to amend its developer agreement to stop this from happening "except for information directly necessary for the functionality of the apps"; however, the suit alleged that Apple took no steps to do this or enforce it "in any meaningful way due to criticism from advertising networks".