IPhones Mysteriously Explode, Spark Safety Concerns

Australia's aviation safety watchdog said Tuesday it was investigating after an Apple iPhone apparently began glowing red and emitting smoke after a flight to Sydney last week.Australian carrier Regional Express (Rex) said a passenger's mobile "started emitting a significant amount of dense smoke, accompanied by a red glow" after the plane touched down from the city of Lismore on Friday."We are investigating, it's quite early on in the investigation," a spokesman for the Australian Transport and Safety Bureau (ATSB) told AFP Tuesday.

Apple's stock price has fallen by 40% over the past six months, vaporizing almost $300 billion of market value. After an initial euphoric spike on Apple's calendar first quarter results, the stock has resumed its decline. There are many reasons for this collapse, and most of them are encapsulated in the following two charts.

Bloomberg anchor, iPhone user, and (not to be rude, but) older gentleman Tom Keene somewhat inadvertently revealed a lot about the changing perceptions around Apple with one simple question.

Bloomberg anchor, iPhone user, and (not to be rude, but) older gentleman Tom Keene somewhat inadvertently revealed a lot about the changing perceptions around Apple with one simple question.

The iPhone has a very long and lucrative life. So long, and so lucrative, that it's actually an important part of Apple's ability to tackle developing markets. When people in the U.S. buy the newest iPhone model, they shell out between $200 and $400. That doesn't mean the phone costs between $200 and $400.

TOKYO — Japan’s two biggest airlines replaced below-par lithium-ion batteries on their Boeing Co 787 Dreamliners in the months before separate incidents led to the technologically advanced aircraft being grounded worldwide due to battery problems.

The troubles for the Boeing Co. continued Thursday with regulators in Europe, Japan, and India ordering the grounding of its 787 Dreamliner following the lead of the U.S. Federal Aviation Administration the day before. Qatar Airways and Chile’s LAN Airlines said they too would ground their fleets of 787s until the concerns about the new aircraft were resolved.

THE macroeconomic discussions that Apple's success prompts tend to be very curious things. Here we have a company that's been phenomenally successful, making products people love and directly creating nearly 50,000 American jobs in doing so, criticised for not locating its manufacturing operations in America, even as Americans complain to Apple about the working conditions of those doing the manufacture abroad: life in dormitories, 12-hour shifts 6 days a week, and low pay. It isn't enough for Apple to have changed the world with its innovative consumer electronics.