Yes, you've not misread the headline. Apple is attempting to trademark one of the most common business terms out there.
The application was made on 23rd July to the Intellectual Property Corporation of Malaysia (MyIPO). According to the news by Digital News Asia, Apple is applying to hold the trademark of the word under various computing, mobile and educational classes.
Malaysia isn’t the only country Apple has attempted this sort of shenanigan. They’ve also been trying to do the same thing in Singapore since 2011. It's by no means the first time a company has attempted to trademark a common term and we doubt it’ll be the last.
Source: Digital News Asia