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Business, Financial & Legal Posts - Page 108

HTC First appears to not be doing too well, sees price drop $100 to $0.99 with 2-year contract

It's looking as though Facebook and HTC may have crafted a device that isn't selling too well, if a recent price drop is any indicator. AT&T has dropped the new two-year contract price to just $0.99, or basically free. The regular price has also seen a reduction of $100, settling to a new price of just $350.99 off contract.

 

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We can't draw a complete conclusion on just how well the device is selling as no sales numbers have been released. However, a price drop this early into a product's life cycle certainly doesn't bode well for future performance. It's possible that making Facebook Home available on other Android devices, devices with better specs, may have hurt HTC's ability to sell the First.

T-Mobile releases Q1 earnings report, sold 500,000 iPhones in just one month

This morning T-Mobile posted its Q1 earnings report and things looked about par for the course for the pre-merger T-Mobile. The company saw a revenue loss of about seven percent. The company did, however, gain subscribers to the tune of over half a million new users closing out the quarter with about 34 million subscribers in total.

 

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The no contract giant was also quick to note that it had sold more than 500,000 iPhone's since it began carrying them on April 12th. While that number pales in comparison to ATT or Verizon, the iPhone's coming out of T-Mobile are not tied to a two year agreement like other retailers.

 

T-Mobile CEO John Legere had the following to say about the Q1 results:

 

"Our first quarter operating metrics and financial results are showing positive impact from the changes we began making in the fourth quarter. Branded customer net additions turned positive for the first time since the first quarter of 2009 and our postpaid business has demonstrated significant improvement.

 

We ended the quarter with strong operational momentum, which is continuing into the second quarter, driven by the successful launch of our Un-carrier 'Simple Choice' service plan and the introduction of the iPhone into our device line-up. Things only get more exciting from here, having brought T-Mobile USA and MetroPCS together to create the wireless industry's value leader and premier challenger."

LOLTT: Woman accused of stalking self and blaming ex's new girlfriend

Every now and again you have to take a step back and go, "Do I really belong on this planet?" This is certainly one of those moments. Police in Michigan say a woman set up a fake Facebook account so she could stalk...herself. That's right, she stalked herself and sent herself nasty messages. Better yet, she blamed them on her ex's new girlfriend.

 

 

The ABC report, embedded above, does a great job of explaining the story, but I'll add some details. According to Kent Country Sheriff's Detective Jason Russo, police investigated where the messages were coming from and it led back to her computer. She also confessed that she resorted to these actions because she couldn't get over the relationship.

 

Evidence shows that Nelson used her computer to set up false Facebook accounts using Kevin Haarsma's personal information. Nelson used this account to make it appear that she was being stalked and harassed by Kevin's new girlfriend by posting threatening messages.

 

This is the world we live in, folks.

Continue reading 'LOLTT: Woman accused of stalking self and blaming ex's new girlfriend' (full post)

ReportTT: Next iPhone's display will be going into production next month; Sharp, LG, and Japan Display producing them

Nikkan is reporting that the displays going into the next iPhone will go into production next month. According to the report, Sharp, LG, and Japan Display will be the companies responsible for producing the displays used in the next-generation iPhone.

 

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It looks as though the device will be similar to the current iPhone 5 in shape and capabilities. If the next iPhone is launched under the S nomenclature, we expect it to come with an upgraded camera, processor, and not much else. We also continue to hear rumors that the device will be available in a multitude of colors.

 

If display production does start in June, it would line up with a projected launch date in late August to September. Of course, reports are just that: reports. This could prove to be an inaccurate report and the iPhone could launch before or after the projected time frame.

RumorTT: Google to open retail stores specifically for Google Glass

According to Business Insider, Google is planning to open retail stores specifically to sell Google Glass. This comes via a second-hand source who knows someone working with Sergey Brin to plan the Glass stores. In many ways, these stores make sense. People are going to want need to try Glass out before putting $1,500 down for their own pair.

 

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These retail stores would focus solely on Glass. It's important that users be able to try Glass out and have it set up properly. Much like Apple's One-to-One training, Google's retail installations would help configure Glass for each user and give them an in-depth explanation of how to work it all.

 

As with all rumors, we encourage you to approach this with a bit of skepticism.

Syria drops off of the Internet...again

Syria, a country currently engaged in a large civil war, has dropped off of the Internet...again. This isn't the first time Syria has had its Internet connectivity drop to near zero. It's widely suspected that this latest Internet disconnect has been caused by the Syrian government.

 

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The outage has been ongoing since around 2:45pm ET. Almost four hours later, Syria still doesn't have connectivity. The only people who seem to still have access to the web are activists who can afford a satellite Internet link, which isn't many. Google's Transparency Report is documenting the outage.

EA reports fourth-quarter earnings, misses earnings-per-share predictions

Electronic Arts has reported its fourth-quarter earnings. EA did fairly well, meeting some analyst predictions. The gaming company reported fourth-quarter revenues of $1.04 billion, exactly matching predictions by analysts. However, its earnings-per-share were not quite as high as analysts predicted.

 

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EA reported earnings-per-share of $0.55. Analysts expected the gaming giant to report EPS of $0.58. Interestingly, this miss hasn't hurt EA's stock price. In fact, EA's stock price has increased by about seven percent in after-hours trading. This is probably a result of EA's strong mobile performance and the multi-year exclusive Star Wars contract signed with Disney yesterday.

 

EA executive chairman Larry Probst:

As we enter a new fiscal year, EA is well-positioned for dynamic growth on next generation consoles, PCs, and mobile platforms. With world-class games, a rapidly growing digital business, and top-notch creative talent, we are excited about EA's strategy for FY 2014 and beyond.

Twitter's legal director picked as Internet Privacy Officer

According to a CNet report, Nicole Wong, Twitter's current legal director, has been tapped to become the White House's first chief privacy officer. Prior to joining Twitter, Wong served as a vice president and deputy general counsel for Google. She, along with her team, reviewed products before they launched, checking for privacy, copyright, and removal request compliance.

 

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She has experience in the field of privacy and will report to Todd Park, the chief technology officer for President Obama. Wong's law degree was earned at the University of California at Berkeley. After earning her degree, she made partner at Perkins Coie law firm.

 

Twitter was rated 3.5/4 stars by the EFF in their latest "Who has your back?" survey.

Aaron Greenspan, self-proclaimed co-founder of Facebook, files suit against Zuckerberg and more tech giants over "money services" businesses

This afternoon The Next Web is reporting that Aaron Greenspan has filed suit against not only Mark Zuckerberg, but a handful of other tech giants over so-called "money services businesses." The documents were filed on May 6th making this the latest in a long line of lawsuits filed by Greenspan.

 

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Think Computer, Greenspan's company, is behind the lawsuit that is targeting some of Silicon Valley's more prominent investors and entrepreneurs. More specifically, the lawsuits target those who have invested in, or started up companies who deal with "money services businesses".

 

The list of defendants include such big names as Facebook, Airbnb, Y Combinator, Square, Sequoia Capital, as well as individuals like Mark Zuckerberg, PayPal founder Max Levchin, Brian Chesky of Airbnb fame, and Reddit CEO Yishan Wong.

Continue reading 'Aaron Greenspan, self-proclaimed co-founder of Facebook, files suit against Zuckerberg and more tech giants over "money services" businesses' (full post)

Apple are having issues with carriers in emerging markets over iPhone terms

Apple are having problems getting wireless carriers to agree to their terms on selling iPhones, with Bloomberg reporting that Apple "is missing out on a chance to court as many as 2.8 billion new smartphone customers, many of them in Asia, as wireless-service providers balk at conditions imposed by the iPhone maker and drag their heels in signing on as partners".

 

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Bloomberg has estimated that Apple have agreements with around 240 carriers across the world, but main competitor Samsung has agreements with over 800 carriers. Big carriers such as China Mobile and Japan's NTT DoCoMo have objected the "high costs of subsidies needed to make the device affordable or other terms they find unacceptable".

 

This will mean that Apple will have to make the deal more appealing, or risk losing out on countless customers in emerging markets. This is where a cheaper iPhone would help, or if Apple decide to change their ways. Up until now they've not had to worry about this, but with their stock prices absolutely tanking, and sales sputtering to a stop, this is the time when Apple needs to change.

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