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Citigroup raises Apple stock target to $600
Barron’s reports: Citigroup’s Richard Gardner this morning reiterates a Buy rating on shares of Apple and a $600 price target after hosting a meeting on Thursday with chief executive Tim Cook andCFO Peter Oppenheimer on Apple’s campus. Among the “key points” Gardner gleaned was that Cook reiterated a view that expansion in theiOS operating system platform will lead to tablet sales eventually [...]
Continue reading...iPhone 4 and iPad 2 temporarily removed from sale in Germany
3. February 2012
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The Verge reports: Apple has been forced to remove its 3G iPad 2, iPhone 3GS, and iPhone 4 devices from the online German Apple store today, following a dispute with Motorola Mobility … Update: It appears that Apple has successfully convinced a court in Germany to suspend enforcement of this injunction, according to AllThingsD. It’s unclear at [...]
Continue reading...Mark Zuckerberg, and all of Facebook it seems, are Mac users
2. February 2012
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Earlier today, Faceboko CEO Mark Zuckerberg uploaded a photo of his desk to Facebook. Seems like the Facebook wunderkind is a fan of the MacBook Air. And taking a look around the office, seems like Facebook HQ is quite Mac heavy. All in all, this isn’t too surprising. It was revealed during Facebook’s IPO filing [...]
Continue reading...From the Jobs playbook – Zuckerberg to take just $1 in salary
2. February 2012
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Following all of the hoopla surrounding Facebook’s IPO announcement comes this interesting nugget from Electronista: The SEC filing behind Facebook’s long-expected IPO has seen company founder Mark Zuckerberg take an Apple cue in his pay. The CEO earlier this month requested that, as of the start of 2013, his base pay be cut from as [...]
Continue reading...Apple hire Xbox marketing manager
2. February 2012
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AppleInsider reports: In an update to his LinkedIn profile spotted by several European publications, Microsoft’s marketing manager for Xbox UK and head of product marketing for all of Microsoft UK, Robin Burrowes, reveals he’s jumped ship for Apple, where he’s been hired to help grow Europe’s App Store marketing segment. Burrowes tenure at Microsoft saw him work [...]
Continue reading...Apple will announce the iPhone 5 at WWDC 2012
2. February 2012
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Relaying a report from Daiwa Securities in the Commercial Times, Digitimes reports that Apple will unveil its next-gen iPhone at WWDC 2012, scheduled for June 2012. The iPhone 5 will continue to utilize glass to glass (G/G) touch panel technology which will benefit current touch panel suppliers TPK Holding and Wintek, the paper quoted the [...]
Continue reading...Foxconn receives tax breaks in Brazil; iPad production slated to commence soon
2. February 2012
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Foxconn, Apple’s largest manufacturing partner, recently received a few sought after tax breaks that will result in the Asian-based company opening up a plant in Brazil and manufacturing iPads. The Brazil-based Folha website reports: The determination provides for exemption or reduction of the IPI (Excise Tax), PIS and Cofins for companies investing in research and [...]
Continue reading...How MegaUpload tried to rip off YouTube
1. February 2012
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CNET reports on the latest developments in the fascinating story behind the fall of MegaUpload and its founder Kim DotCom. The U.S Justice Department is currently trying to extradite DotCom and other MegaUpload bigwigs from New Zealand where they were recently arrested amidst a haven of exotic and lavish items. As part of the indictment, [...]
Continue reading...Judge rules that employee-poaching lawsuit against Google, Apple and others can continue
1. February 2012
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In the high-tech bubble that is Silicon Valley, engineering talent is king, and the battle for that talent is often fierce. Indeed, Steve Jobs was so paranoid about other companies stealing his employees that the “About This Mac” option on the Apple menu bar – which used to list the names of employees involved in the [...]
Continue reading...Apple reportedly speaking to TV component suppliers ahead of HDTV launch
1. February 2012
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Piper Jaffray analyst Gene Munster issued a research note today lending even more fodder to the Apple HDTV rumor mill. “We recently spoke to a major TV component supplier who has been contacted by Apple regarding various capabilities of their television display components,” Muster writes. “We are confident that Apple will enter the connected TV [...]
Continue reading...Tim Cook responds to concerns over hiring of new retail VP John Browett
1. February 2012
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Apple yesterday announced that it had hired Dixons CEO John Browett to take over Ron Johnson’s spot as the company’s Senior VP of retail. The selection of Browett was notable for a few reasons. One, Browett has a lot of international experience. And two, as noted by many, Dixons operates a number of stores in [...]
Continue reading...Samsung sold slightly more smartphones in 2011 than Apple
1. February 2012
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Apple this past quarter shipped a whopping 37 million iPhones, setting a new quarterly record as iPhone sales grew 128% year over year. The achievement was enough for Apple to slightly edge out Samsung with respect to smartphone sales during the recent holiday quarter. A few days ago, Samsung reported shipping 36 million smartphones as [...]
Continue reading...Former Apple executive Jon Rubinstein departs HP
1. February 2012
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Jon Rubinstein, who former served as the senior VP of Apple’s iPod devision, has left Hewlett-Packard according to a recent report from Arik Hesseldahl at All Things D. Rubinstein is said to have no immediate plans, and had completed a 12- to 24-month commitment to stay with HP after the acquisition. “Jon has fulfilled his [...]
Continue reading...Amazon Q4 2011 earnings beat Wall St. consensus; profits down 58%
31. January 2012
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Earlier today, Amazon released their earnings results from 2011 holiday quarter and, suffice it to say, they’re no Apple. Though overall revenue came in at $17.43 billion, up 35% from the same quarter a year-ago, the company’s actual profits declined by a whopping 58% to $177 million. All told, Amazon reported earnings of $0.38 a [...]
Continue reading...China Telecom might land the iPhone 4S very soon
31. January 2012
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China Daily reports that China Telecom, the third largest carrier in China behind China Mobile and China Unicom, may begin carrying the iPhone 4S as early as February. The move would ramp up the pressure on the company’s domestic rivals in the fight to win more subscribers to the third-generation (3G) network service. In a [...]
Continue reading...European Commission to investigate Samsung’s abuse of RAND patents
31. January 2012
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Well it seems that Samsung’s strategy of suing Apple for allegedly infringing RAND patents is coming back to bite them in the ass. Foss Patents reports: The European Commission just announced that it has “opened a formal investigation to assess whether Samsung Electronics has abusively, and in contravention of a commitment it gave to the European Telecommunications [...]
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3. February 2012
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