Apple, Gadgets | featured news

Why would a company with $145 billion in cash even bother to issue debt? The answer has a lot to do with the frenzied state of the bond markets.

Apple's China sales rose at a healthy clip in its latest quarter, but the numbers belied growing concerns as the bonanza in high-end smartphones started winding down.

Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. At the same time, the company said revenue for the current quarter could fall from the year before, which would be the first decline in many years.

Shares of Apple Inc. hit their lowest levels in a year and half on Wednesday, after a supplier hinted at a slowdown in iPhone and iPad production. The stock was down $20.37, or 4.8 percent, at $405.87. Apple's shares hit $403.67 earlier, the lowest level since Dec. 2011. The decline means Apple has _for now_ lost its position as the world's most valuable publicly traded company to Exxon Mobil Corp.

Fortune reporter Philip Elmer-Dewitt compiles sell-side and independent analysts forecasts on Apple.  He has gathered 56 projections that have an average of 18.4 million iPads sold from the Street analysts and 17.7 million from the independent analysts.  The median for all of them is 18 million, which would be 53% growth from last year’s 11.8 million and down 21% from December’s quarter.

Word is that iOS 7 will bring a significant design overhaul to Apple's mobile operating system. That's potentially good news, but there's also some bad: The new software might be behind schedule. According to Daring Fireball's John Gruber— who has a decent track record when it comes to Apple rumors — "iOS 7 is running behind, and engineers have been pulled from OS X 10.9 to work on it."

It's no secret that Apple wants to get into the living room by making its own TV set, and there have been plenty of rumors and reports about how and when it's going to happen. Now, an analyst says he's learned that the set will go on sale late this year, for $1,500 to $2,500.

Just in case you’re not convinced yet that 2013 is the year of the smart watch, a new report says that Google is developing one of its own to compete against Samsung’s confirmed device and Apple’s rumored iWatch. According to the Financial Times, Google’s Motorola Mobility unit is working on a wearable connected companion for Android smartphone.

A Samsung executive has told Bloomberg that his company, too, is developing a smart watch that could set up yet another product war with its smartphone rival, Apple.

With the BlackBerry Z10 poised to make its U.S. debut later this week, it's comments from CEO Thorston Heins about the iPhone that have generated buzz. In an interview with the Australian Financial Review, Heins discussed the importance of staying on top of smartphone advancements, citing Apple as an example.