Apple
Samsung's $1B Bill in Apple Case Reduced by $450M
March 4, 2013 9:25 am | by Paul Elias, Associated Press | News | CommentsThe two biggest — and bitterest — rivals in the smartphone market will have to endure another bruising trial after a federal judge ruled that jurors miscalculated nearly half the $1 billion in damages it found Samsung Electronics owed Apple Inc. for patent infringement.
Leap Wireless Stuck With iPhone Stockpile
February 28, 2013 10:54 am | by Ben Munson | News | CommentsLeap Wireless said it may only sell half as many iPhones as promised in its contract with Apple. The Cricket Wireless company told the Wall Street Journal that the slow sales could leave it with as much as $100 million worth of unsold iPhones by the middle of this year when the first year of its contract ends.
Smart Watches Gain Interest and Popularity
February 28, 2013 9:46 am | by Martha Mendoza, Associated Press | News | CommentsPALO ALTO, Calif. (AP) — On a sunny day at a picnic table in Silicon Valley, Eric Migicovsky glanced down at his wristwatch. He wasn't checking the time, he was checking his email. Glancing up, he grinned. The message was from yet another journalist.
Apple CEO Promises Investors 'Great Stuff' to Come
February 27, 2013 3:56 pm | by Michael Liedtke, AP Technology Writer | News | CommentsApple CEO Tim Cook sought to assure shareholders Wednesday that the company is working on some "great stuff" that may help reverse a sharp decline in its stock price. True to Apple's secretive nature, Cook didn't provide any further product details...
Pentagon Looks to Support iOS, Android in Addition to Blackberry
February 26, 2013 3:41 pm | by Ben Munson | News | CommentsThe Department of Defense today issued its Commercial Mobile Device Implementation Plan geared toward securely opening up its networks to devices from multiple platforms. Lt. Col. Damien Pickart said the initiative is not a BYOD program, but simply a more cost-effective solution and a move toward mobile interoperability for both its unclassified and classified devices.
Report: iPhone 5 Top Smartphone Globally
February 20, 2013 9:50 am | by Ben Munson | News | CommentsApple moved 27.4 million iPhone 5 units globally in the fourth quarter of 2012, more than any other smartphone and good enough to claim 12.6 percent of the world smartphone market share. A new report from Strategy Analytics said this is the first time the Apple flagship has been sold the most in the world.
Wozniak Says Post-Jobs Apple Must Continue to Innovate
February 20, 2013 9:48 am | by Andrew Berg | News | CommentsApple co-founder Steve Wozniak says his old company must continue to lead the way in mobile technology or else lose its cool to competitors like Samsung and HTC. In an interview with Bloomberg, Wozniak said that Apple should consider opening...
Mailbox App Review: Return to Sender
February 13, 2013 5:23 pm | by Andrew Berg | Articles | CommentsAs much as it pains me to say it, the new iOS app, Mailbox from Orchestra, will not revolutionize email as we know it. In fact, it’s only a hair better than the Gmail experience it aims to improve. I've had about a week to play around with Mailbox, and I have to say...
Cook: Apple Doing What's Best for Investors
February 12, 2013 11:15 am | by Andrew Berg | News | CommentsAmid declining share prices and criticisms from all sides, Apple CEO Tim Cook says his company does not have a "depression era" mentality and will continue to use its enormous cash reserves to invest in the company, while simulataneously giving back to shareholders...
9 Things Apple Could do With $137B
February 11, 2013 9:26 am | by Associated Press | News | CommentsCorporations normally don't hoard cash the way Apple does. They keep enough around for immediate needs, and either invest the rest in their operations or dole it out to shareholders in the form of dividends or stock buybacks. If they need more cash for, say, an acquisition, they borrow it.
Colorful Investor Einhorn Behind Apple Attack
February 8, 2013 9:58 am | by Associated Press | News | CommentsDavid Einhorn, the 44-year-old investor who attacked Apple Thursday, has a history of taking on companies and winning. But Apple is his biggest target yet. The Cornell graduate founded New York-based hedge fund Greenlight Capital Inc. in 1997 with $1 million under management.
Investor Sues Apple over Plan to Eliminate Preferred Stock, Wants More Cash Distributed
February 7, 2013 3:22 pm | by Peter Svensson And Barbara Ortutay, The Associated Press | News | CommentsWith its annual meeting looming and its stock on the decline, Apple is facing a rebellion from an activist investor who wants the company to stop stockpiling cash and give it to shareholders instead. Greenlight Capital said Thursday that it is suing Apple...
Foxconn to Widen Scope of Union Elections
February 5, 2013 9:00 am | by Associated Press | News | CommentsTaiwan-owned Foxconn Technology Group, a leading maker of Apple's iPhones and gadgets for other global brands, is widening the scope of union elections at its sprawling facilities in China. The move, confirmed by the company Monday, follows a series of recommendations from an international panel requested by Apple...
First News Briefs for January 31, 2013
January 31, 2013 9:21 am | by Wireless Week Staff | News | CommentsMetroPCS Communications, Inc. today announced the launch of the Spirit 4G, a 4.5-inch touchscreen Android smartphone from LG Electronics. The Spirit 4G features 4G LTE connectivity for $199 after mail-in rebate with no annual contract.
Samsung 4Q Profits Jump 76 Percent on Galaxy Sales
January 25, 2013 10:47 am | by Andrew Berg | News | CommentsA doubling of profits from Samsung's Galaxy line of smartphones boosted the company's overall fourth quarter profits by nearly 76 percent over the previous quarter. Samsung recorded net profits for the fourth quarter of $6.6 billion...
Analysts to Apple: Bend Your Knee to Wall Street
January 25, 2013 9:59 am | by Peter Svensson, AP Technology Writer | News | CommentsApple needs to start making nice with Wall Street, analysts said Thursday as investors hammered the company's stock. The sell-off put Apple a hair's-breadth away from losing its status as the world's most valuable company. At Thursday's close, it was worth $423 billion, just 1.6 percent more than No. 2 Exxon Mobil Corp.
LG Display Posts Profit but iPhone Dims Outlook
January 24, 2013 9:44 am | by Youkyung Lee, AP Technology Writer | News | CommentsLG Display reported a $299 million profit for the fourth quarter Thursday thanks to mobile product launches by key customers including Apple Inc. but warned that earnings will decrease in the current quarter as demand for iPhones wanes...
Report: Samsung Edges Apple in Chip Demand
January 24, 2013 9:37 am | by Andrew Berg | News | CommentsSamsung has become a couch potato, gobbling up more chips than even Apple, according to new research from Gartner. Samsung and Apple together consumed $45.3 billion of semiconductors in 2012, an increase...
Apple Earnings, Guidance Disappoint, Stock Plummets 10 Percent
January 23, 2013 6:03 pm | by Andrew Berg | News | CommentsInvestors weren't impressed with what Apple had to say in its fiscal first quarter earnings call Wednesday. Shares fell over 10 percent to $460 in aftermarket trading on lowball guidance and a rare dip in quarterly profits, as well as diminishing margins...
Can Apple Maintain Its Shine?
January 23, 2013 8:54 am | by Peter Svensson, AP Technology Writer | News | CommentsFor many investors, Apple's best days are behind it. Competitors are catching up, they believe, and the latest iPhone is stumbling. The company's doubters have backed their conviction with billions of dollars. Last week, the stock fell below $500...
Apple Retail VP Jerry McDougal Resigns
January 16, 2013 9:50 am | by Ben Munson | News | CommentsJerry McDougal, who was serving as Apple's VP of retail, has resigned. He's being replaced by Jim Bean, the former Apple VP of finance. AllThingsD confirmed with Apple McDougal's departure. McDougal was one of a handful of candidates to replace the recently departed SVP of retail, John Browett.
Facebook Announcement Stirs More Handset Speculation
January 14, 2013 11:33 am | by Andrew Berg | News | CommentsSpeculation is running rampant around the Facebook media event scheduled for tomorrow. The hubbub around a possible big announcement has even sent the company's struggling stock up above $30 per share. Perhaps the biggest surprise possible tomorrow would...
Apple Snags Xerox Exec for Controller Post
January 11, 2013 10:00 am | by Andrew Berg | News | CommentsXerox today announced that Luca Maestri, executive vice president and chief financial officer, is leaving the company, effective February 28, to assume the role of corporate controller at Apple. Maestri will replace Betsy Rafael who left Apple in October...
Apple CEO: China Will Be Biggest Market
January 11, 2013 9:05 am | by Joe McDonald, AP Business Writer | News | CommentsApple expects China to overtake the United States as its biggest market, CEO Tim Cook told a Chinese government news agency. "China is currently our second largest market. I believe it will become our first. I believe strongly that it will," the Xinhua News Agency quoted Cook...
New Lego Robotics Kit Talks to iPhones
January 7, 2013 9:54 am | by Peter Svensson, AP Technology Writer | News | CommentsLego is set to announce Monday that a new, $350 Mindstorms EV3 kit will have the ability to talk to iPhones, iPads and iPod Touches through Bluetooth wireless connections. That means Lego builders can use the devices as remote controls for their robots, or create simple programs that are then sent to the robots to control their actions.
