apple inc.

In news that would make Steve Jobs proud, Apple has been named America’s most profitable retailer, beating out other powerhouses like Tiffany & Co., GameStop and Select Comfort.

Sources claim Apple’s newly-installed CEO, Tim Cook, will preside over an October 4 media event in which he will announce the long-awaited iPhone 5. The date is consistent with previous reports setting early October as the release date for the next-generation smartphone.

A week after researchers found what appeared to be a detailed log of users' locations stored on iPhones and iPad 3Gs, Apple has finally ended its silence on the controversy to insist that it's not tracking customers' locations.

For the second time in two years, Apple Inc. CEO Steve Jobs announced that he will be taking a medical leave of absence, though details about his health condition have not been disclosed publicly yet. Apple Inc. (AAPL) co-founder and CEO Steve Jobs sent a note Monday to employees saying he's taking a second medical leave of absence in two years so he can focus on his health.