-Former Apple manager Paul Devine pleaded guilty in federal court in San Jose on Monday to a massive kickback scheme involving Apple’s supply chain. Devine will forfeit $2.25 million in proceeds and property, the U.S. Attorney said. Devine provided suppliers with details of Apple’s product roadmap and pricing targets in exchange for hefty kickbacks. When he was busted, feds found about $150,000 in shoeboxes under his bed and more money in foreign accounts and safe deposit boxes. He could face up to 20 years in jail, the U.S Attorney said.
-Apple COO Tim Cook strongly suggested we will see a cheaper iPhone in the near future in an interview with Bernstein analyst Toni Sacconaghi.
-The Telegraph writes: Steve Jobs was put forward for the honour by the MP for services to technology. Apple is credited with revolutionising the industry in recent years with its iPhone and iPad devices, which have unleashed a boom in mobile internet usage. The MP, who left Parliament at the last election, said: “Apple has been the only major global company to create stunning consumer products because it has always taken design as the key component of everything it has produced.
-The Federal Aviation Administration (FAA) has approved the iPad for use as an alternative to paper flight charts. CNN reports that the approval, which applies only to charter company Executive Jet Management and the app Mobile TC, took three months of rigorous testing across 250 flights, and included rapid decompression testing. In addition, the airline will be required to carry a second approved electronic device—most likely a second iPad—in case of a system or software crash, although neither the device nor the app crashed during testing.
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