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Apple donates $500K to SF Gives and other news for May 5, 2014


Apple's concern for it's California community and a dip in retail sales are in this morning's Apple news.

Apple has donated US$500,000 to an anti-poverty initiative in San Francisco. The organization SF Gives was formed by CEO Marc Benioff and Tipping Point CEO Daniel Lurie. Apple's contribution was in response to the group's efforts to get 20 companies to donate $50K each, for a total of $10 million dollars.

Apple Store sales slow down as shoppers wait for new products. No surprise, really. Conscientious shoppers fear making a major electronics purchase just prior to the launch of a major update. Needham analyst Charlie Wolf compiled data that demonstrates that same-store sales were down five percent in March after a three percent bump in December.

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