iPhone sales trample expectations as profit sets global record
Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. Apple's cash pile is now $178 billion, enough to buy IBM or the equivalent to $556 for every American. Apple Chief Financial Officer Luca Maestri told Reuters in an interview that the company did not sell more iPhones in China than the United States, despite some earlier predictions by research analysts. The company's success in the competitive Chinese market can be attributed to its partnership with China Mobile Ltd , the largest global mobile carrier, and the appeal of the larger screen size of the iPhone 6 and 6 Plus.
Wed, 28 Jan 2015 05:47:36 -0500
Apple takes high road in China smartphone standoff with Xiaomi
By Adam Jourdan SHANGHAI (Reuters) - Apple Inc is steering clear of Chinese rival Xiaomi Inc's [XTC.UL] low-price online strategy, ramping up store openings in China to harness its premium edge and fend off the fast-growing No.3 global smartphone maker. The U.S. firm's quarterly results smashed Wall Street expectations with record iPhone sales in the holiday season and a 70 percent rise in China, powering the company to the largest profit in corporate history. Its result in China, as well as other emerging markets such as Brazil, marks a riposte to critics who questioned the firm's strategy a year ago not to launch a cheaper phone to lure cost-conscious buyers from Xiaomi and Samsung Electronics Co Ltd . "In the long run Xiaomi is more of a threat to Apple than say Samsung," said Ben Thompson, analyst at Stratechery.com.
Wed, 28 Jan 2015 05:39:54 -0500
Creating an old-girls network in Silicon Valley
Thanks to Facebook COO Sheryl Sandberg and her mega-bestselling book, Lean In, the gender-disparity debate has been front and center for years now in Silicon Valley. Her take: focus a little less on working harder, and a little more on old-fashioned meeting and greeting. Work your relationships, says Lisa Lambert, a VP with Intel Corp.'s venture-capital unit.
Wed, 28 Jan 2015 07:33:20 -0500
Snowden files show Canada spy agency runs global Internet watch: CBC
By David Ljunggren OTTAWA (Reuters) - Canada's electronic spy agency has been intercepting and analyzing data on up to 15 million file downloads a day as part of a global surveillance program, according to a report published on Wednesday. The covert surveillance dragnet, nicknamed Levitation, has included allied countries and trading partners such as the United States, Britain, Brazil, Germany, Spain and Portugal, the report by CBC News and journalist Glenn Greenwald said. The spying initiative was revealed in 2012 documents obtained by U.S. whistleblower Edward Snowden. It is the first revelation from the Snowden files to show Canada has launched its own mass, globe-spanning Internet surveillance.
Wed, 28 Jan 2015 10:33:47 -0500
Head of games leaves Angry Birds company Rovio
HELSINKI (Reuters) - Finland's Rovio and the head of its games operation, Jami Laes, have parted company as the business behind Angry Birds continues to grapple with an increasingly competitive mobile games market. Though Rovio has expanded its hugely successful Angry Birds brand into an animated TV series and consumer product licensing, the company has struggled to produce more hit games and recently said it would cut about 14 percent of its workforce. Laes said on Wednesday that he had left Rovio recently and is planning to launch a new start-up but declined to comment further. ...
Wed, 28 Jan 2015 08:46:10 -0500
U.S. FCC warns against blocking personal Wi-Fi access
The U.S. Federal Communications Commission on Tuesday warned hotels and other entities against blocking personal Wi-Fi access, or hot spots, saying it was illegal and could incur heavy fines. "The Enforcement Bureau has seen a disturbing trend in which hotels and other commercial establishments block wireless consumers from using their own personal Wi-Fi hot spots on the commercial establishment's premises," the agency said in a statement on its website.
Tue, 27 Jan 2015 21:33:14 -0500
Seven future uses for Microsoft's HoloLens that will make someone disgustingly rich
Since Microsoft announced HoloLens, Ive been fantasizing about how it could inspire new business, improve old businesses, and generally make our lives better. Because I have neither the means nor the business acumen to make these fantasies into realities, I present them to you, brilliant readers, who can do with them what you will. Just remember me, when youre rolling in your swimming pool full of augmented reality gold.
Wed, 28 Jan 2015 11:00:02 -0500
Sony is killing its awful music service and bringing Spotify to PlayStation
Sony is betting its music streaming future on Spotify. Today the companyquietly announced that it will be shutting down its unsuccessful Music Unlimited service on March 29th, 2015. In its place, Sony plans to launch a new service called PlayStation Music that uses none other than Spotify as its backbone. The app will debut on PlayStation 4, PS3, plus Xperia smartphones and tablets this spring.
Wed, 28 Jan 2015 10:58:13 -0500
Once-tiny Microsoft has overtaken the mighty IBM
When IBM signed up for Basic and DOS in 1980, Microsoft was tiny (40 staff) compared to Big Blue (341,279). But in the latest round of quarterly results, Microsoft unveiled bigger revenues, and it has 10x more cash in the bank.
Wed, 28 Jan 2015 10:53:06 -0500
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