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Last night Facebook was held on the shoulders of the internet, being bragged that it was worth $50 billion. But it has woken today from it's post-party hangover and not only realised a tooth was missing, a tiger was in the room and that they were about to be punched in the face by Mike Tyson - but Apple had taken over as the new cool kid on the market cap block, now valued at over $300 billion!
This move now makes Apple the second public company with such a high value, second only to Exxon Mobil. Twelve months ago Apple were at the $213 billion market cap, which at the time were only $40 billion behind the great Microsoft. Now they're $60 billion in-front of Microsoft, which is obviously a great achievement.
It's no secret that online shopping is becoming more and more popular, especially during the holiday season where people (like me) prefer doing their Christmas shopping from home instead of battling traffic and crowds at the mall. The U.S. saw a significant increase in online holiday spending, reaching a new record of $30.81 billion for the first 56 days of November to December.
This was a 13% increase over last year, with the week before Christmas netting $2.45 billion and a 17% increase all by itself. Computer hardware, which includes items like tablets, e-readers, and laptops in well, saw a healthy 23 percent increase over 2009 and even books and magazines came in second on the list with a 22 percent increase in sales. All in all, it was a good time to be an online retailer.
Apple predicted just recently that it would hit the one million sold milestone before Christmas, and it is now confirmed by Apple that they managed this. How long has it taken them to get there?
Three months. It's impressive for something that Apple doesn't push as hard as the iPhone, iPads, etc. Haven't used one myself, but they do look hawt.
With today being Christmas Eve you might think shopping has pretty much ended, you would be wrong. There are still hoards of people out there that wait until the last minute and then hit the malls. If you are expecting to get a gift card or gadget from Best Buy and it happens to not work or not be the one you wanted Best Buy will be opening early on December 26.
The store will open at 7AM so you can return, exchange, or blow that Christmas loot Santa left in your stocking. Best Buy will be offering some good deals that day too. You can get an HP AMD Turion notebook with 3GB of RAM and 320GB of storage for $399.99. If you got a bunch of home theater gear an all the remotes are making your head swim, you can get a deal on a cool universal remote too.
Best Buy will have the Harmony One from Logitech for $159.99, which is $90 off. That is one of the best remotes on the market. If you got a new iPhone 4 you can save 50% on some cases and certain Blu-ray movies will be offered for $12.99. Merry Christmas!
Toshiba seem to have not had quite the run with Cell processors as they had planned. Back in 2008 they purchased the Nagasaki manufacturing plant for $90 billion yen ($835 million) and are now selling it for $50 billion yen ($597 million).
Making a loss, but Sony seems to be smiling with promise here. Rumor has it that Son might use the plant to build more CMOS chips for its high-end camera range. Sony have also said they will use the facility to produce HD image sensors for cameras and smartphones.
Terry "CatalystMaker" Makedon might require a new nickname, maybe "FusionMaker" will suite him well? Terry Makedon is moving jobs within AMD (as posted about yesterday) but in January he will start as software marketing manager for Fusion APU's.
He has said to KitGuru: "As of January 1st I will be changing jobs within AMD. I will switch from being the manager of software product management for Radeon to being the software marketing manager for Fusion APU's (Accelerated Processing Units). I am looking forward to working on the brand new and exciting market of APU's."
Google have dropped $1.8 billion like it's hot (shout out to Snoop Dogg!) on a new office in the concrete city where dreams are made of (wink Jay-Z), New York City.
They've spent the $1.8 billion on 111 Eighth Avenue in Chelsea. Google will also be leasing out the building to continuing and new tenants. Google have also said:
Intel and AMD have a lot in store for us tech-junkies. Intel's Sandy Bridge launches, as well as AMD's Bulldozer and Bobcat ranges, plus AMD's Llano APU's!
According to DigiTimes, Taiwanese notebook and motherboard manufacturers have their bets placed with AMD. Those anonymous (bah!) Taiwanese firms have predicting AMD's notebook market share will swell from it's current 11% in 2010 to 15% in 2011. With their server and desktop market shares increasing from 20% to 25%.
AMD's Terry "CatalystMaker" Makedon, who is the Catalyst Product Manager is changing roles within AMD in around two weeks time.
Terry has said on his Twitter page that "Catalyst has been a great ride for me with alot of ups and downs."
Facebook may seem like it's a worldwide phenomenon, but there's actually a huge chunk of the world left out as the website is blocked from use by China. Facebook founder recently met with the head of China's largest search engine Baidu for a tour and lunch to discuss the current state of the internet in China.
According to Baidu spokesman Kaiser Kuo, that the meeting with Baidu chief executive Robin Li "makes sense -- he is interested in the Chinese Internet, he's made that very plain. Obviously this is one of the big dark spots for Facebook because it is blocked here in China." Zuckerberg played off the trip as a cultural experience: "I'm trying to understand the language, the culture, the mindset -- it's just such an important part of the world." Obviously, since it's one of the few parts of the world not addicted to FarmVille.