Archive | April 24th, 2012
Apple welcomes trial over e-book price fixing allegations
The US Justice Department filed an antitrust lawsuit against Apple two weeks ago, alleging that Apple, along with a cohort of publishers, colluded to raise the price of e-books on Apple’s iBookstore, and in turn, adversely affect the pricing of e-books on Amazon as well. While three publishers have already settled with the US Justice [...]
Continue reading...Tim Cook “hates litigation”, would prefer to settle than to battle in courts
24. April 2012
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Apple’s current legal battles with Samsung encapsulate a large number of patents, innumerable suits and countersuits, and have resulted in legal motions across 11 jurisdictions across the globe. As you may remember, Steve Jobs in his biography was quite vocal about his intent to go thermonuclear on Android, vowing to spend every last dime in [...]
Continue reading...Apple posts Q2 2012 earnings, profits soar 93% on sales of 35 million iPhones and 11.8 million iPads
24. April 2012
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Apple a few minutes ago released its earnings for its second fiscal quarter of 2012 and recorded $39.2 billion in revenue and net quarterly profit of $11.6 billion. EPS checked in at $12.30 per share. During the same Q2 quarter a year-ago, Apple posted revenue of $24.7 billion along with a net quarterly profit of [...]
Continue reading...AT&T announces 4.3 million iPhone activations in Q1 2012
24. April 2012
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AT&T announced today that it sold 5.5 million smartphones during the Q1 of 2012 and that 4.3 million of all smartphone activations were iPhones. Translation – the iPhone accounted for more than 75% of all AT&T smartphone sales. $0.60 diluted EPS compared to $0.57 diluted EPS in the first quarter of 2011 Consolidated revenues of [...]
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24. April 2012
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