Apple

Apple recorded revenues of over $50 billion in the quarter ending March 31, but the firm sold fewer iPhones, iPads, and Macs than it did in the same period a year ago. It was the consumer electronic giant’s first year-over-year revenue decline in 13 years.

On a day in which Apple padded its product lineup with new models, the consumer electronics giant received a legal reprieve: The DOJ delayed a scheduled San Bernardino terrorism hearing, stating that it may have found a way to unlock the iPhone at the center of the case.

Apple is still fighting a hotly-debated legal battle over law enforcement requests to bypass encryption on its iPhone handsets. But the consumer electronics giant is also reportedly working to strengthen the security of iCloud, which is currently the weak link in Apple’s arsenal.

Microsoft has stated that they support Apple in their fight against the FBI to keep data on an iPhone secure and not build a backdoor into the software.

Apple pulled off another financial miracle, posting a net profit of $11.1 billion on revenues of $51.5 billion for the quarter ending September 30.

Apple’s CEO Tim Cook has shared that for Apple, the Enterprise is a $25 billion dollar a year business for the 12 months ending in June.

Apple held its keynote this week where it announced a myriad of products and one such device, the iPad Pro, is targeted at productivity focused individuals.

Apple on Wednesday announced a wide array of new products, including new iPhone 6S smart phones, a Surface-like iPad Pro, Apple TV, iOS, and more.

Success has its downsides: both Amazon.com and Apple are now facing antitrust inquiries related to their domination of digital content markets.

At its Worldwide Developer Conference on Monday, Apple announced a series of product updates and initiatives aimed at displacing the Android market leader.