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Business, Financial & Legal Posts - Page 84

Senior Apple VP leaves his team, is now working on 'special projects'

It looks like Apple's Senior Vice President, Bob Mansfield, has left his post and is now working on "special projects" where he reports directly to Apple CEO Tim Cook.

 

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Mansfield did semi-retire last year, but returned two months into his retirement. He eventually led a new division within Apple that worked on semiconductor and wireless hardware. What could Mansfield be working no now? The New York Times recently wrote that he was "engrossed" with wearable technologies, so we might see his products in the coming years.

 

I'm sure that with Google Glass and other wearable tech, Apple doesn't want to be left behind.

Amazon creates 5,000 new full-time jobs across the US

It wasn't long ago that we were reporting that US-based e-tailer Amazon reached record highs on their share prices, and not long after that we reported about Amazon tripling their employees to over 97,000 in the last three years.

 

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Now the company has announced they've created 5,000 new full-time jobs in its US fulfillment network in order to meet increased customer demand. Amazon are quite generous, too, with their median pay in their fulfillment centers around 30% higher than employees in traditional retail stores. This isn't even counting the fact that Amazon offer stock grants to full-time staff, which add an average of 9% to base pay each year.

 

Dave Clark, Vice President of Worldwide Operations and Customer Service at Amazon said: "We're hiring more than 5,000 people to join our team and help us continue to innovate and serve our customers. We're focused on sustained innovation across Amazon and want to help our employees succeed-whether at Amazon or elsewhere-so we offer programs like Career Choice, where we'll pay for up to 95% of eligible employees' tuition regardless of whether the skills they learn are relevant to a career at Amazon."

Continue reading 'Amazon creates 5,000 new full-time jobs across the US' (full post)

Apple wins 'Brand of the Year' for iPhone, iPad and MacBook products

Harris Interactive have awarded Apple their "Brand of the Year" award for the second consecutive year in three categories. Apple beat their biggest rivals for the award, which included Google, Samsung and Amazon.

 

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Apple took out the award for computers with their MacBook, beating HP, Dell and Sony. The iPad beat Amazon's Kindle Fire range, Google's Nexus tablets and Samsung's Galaxy range of slates. As for smartphones, the iPhone beat out everything HTC, Samsung and LG could throw at them. Even with this award on Apple's desk, they've still jumped the iShark.

Cybercrime causes over $500 billion in economic losses per year

Every day that passes, cybercrime effects millions of people, and millions more dollars. This can happen with cyber thieves stealing intellectual property, or going as far as cyber espionage.

 

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According to McAfee's latest report, economic losses from cybercrimes adds up to as much as $500 billion per year. Their report goes as far as stating that cybercrime can destroy a company's image, jeapordize national security and see hundreds of thousands of people out of jobs. Cybercrime is now considered just as bad (if not worse) than physical crime, thanks to the economic domino effect it has.

 

McAfee's report states that for every $1 billion in loss from exports, approximately 5,080 jobs are lost. So if we're looking at global economic losses per year to reach $500 billion, this would have a detrimental effect on the global job market.

Nokia thinks Microsoft need to improve their Windows Phone platform

We all know that Microsoft's mobile OS, Windows Phone, isn't doing that well against the current champions found in iOS and Android. But when your strongest partner, Nokia, starts talking smack about your mobile OS, you should stand up and listen.

 

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Nokia's Vice President, Bryan Biniak, spoke with IB Times UK on Friday, where he said that Microsoft haven't done enough to push their mobile OS against iOS and Android. Biniak added: "To give you a reason to switch. I need to make sure the apps that you care about on your device are not only on our phones, but are better. I also need to provide you unique experiences you can't get on other devices".

 

Biniak finished with: "We are releasing new devices frequently and for every new device, if there is an app that somebody cares about that's not there that's a missed opportunity of a sale. We are trying to evolve the cultural thinking [at Microsoft] to say 'time is of the essence.' Waiting until the end of your fiscal year when you need to close your targets, doesn't do us any good when I have phones to sell today."

Continue reading 'Nokia thinks Microsoft need to improve their Windows Phone platform' (full post)

Microsoft CEO Steve Ballmer admits the company built too many Surface RT tablets

Earlier this week, Microsoft CEO Steve Ballmer admitted that the company had in fact built too many Surface RT tablets and that they were not selling as many as previously expected. The announcement came during an internal town hall event where Ballmer and COO Kevin Turner attended to address concerns over the $900 million write off Microsoft recently had to make on its Surface tablets.

 

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"We built a few more devices than we could sell," admitted Ballmer. "We're not selling as many Windows devices as we want to." In an attempt to shore up losses, Microsoft recently cut the price of all of its Surface RT tablets by 30 percent worldwide, but we will not know if this has had any effect on sales for quite a few months.

 

With Apple's iOS devices, and all of the many of the companies with Android devices posting record numbers, it is beginning to look like Microsoft's foray into the mobile devices market may have become one of the biggest mistakes in the company's history.

Apple could be slapped with $490 million bill for eBook price-fixing debacle

Apple have been caught conspiring to fix eBook prices, something that might cost the iPhone maker $490 million. A lawyer from Hagens Berman, the lead class action firm involved in the case told GigaOM that Apple could pay three times' the publishers' total liabilities.

 

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This is minus the $166 million that the publishers have agreed to pay in separate settlements, but brings the total to be sucked out of Apple's cash piles to be $490 million. Considering they have just spent $16 billion buying their own shares - because, you know, they've been tanking pretty hard lately - this is nothing but a drop in the ocean to them.

 

Kind of like one of us mere mortals dropping $1 on the street from our wallet filled with $100 notes.

Activision Blizzard breaks up with Vivendi in a deal worth $8.2 billion

Activision Blizzard have just broken off their relationship with Vivendi in a deal worth $8.2 billion. Activision will be purchasing $5.83 billion worth of shares back, combined with a share purchase totaling $2.34 billion from an independent investor group led by Activision CEO, Bobby Kotick and co-chair Brian Kelly.

 

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This might just sound like yet another move for a big company, but Activision Blizzard own quite a lot of hot gaming properties, such as Call of Duty, World of Warcraft, Diablo, and more.

 

What will this mean for gamers? Well, Activision CEO Bobby Kotick has said that his company "should emerge even stronger -- an independent company with a best-in-class franchise portfolio...The transactions announced today will allow us to take advantage of attractive financing markets while still retaining more than $3 billion cash on hand to preserve financial stability".

Continue reading 'Activision Blizzard breaks up with Vivendi in a deal worth $8.2 billion' (full post)

Apple have been buying quite a lot of their own stock in the last few months

Apple have been buying quite a lot of AAPL shares lately, a little after they jumped the iShark late last year. Their original plan was to buy 10 million shares in their third fiscal quarter of 2013, but instead, they've scooped up over 36 million shares.

 

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Apple did this in two parts, using $4 billion in shares, and $12 billion through an accelerated share repurchase program. Apple purchased the shares at between $444 and $488 a piece. This is quite a lot of money, but the Cupertino-based company do have large cash reserves, but for that type of money they could've spent it better, acquiring companies that would see them grow and evolve.

 

Oh well.

Amazon now have over 97,000 employees, tripling in size in just three years

I knew Amazon were big, but being based in Australia, I never see the true scope of them. Well, Amazon.com reported their quarterly earnings today, disclosing a $7 million loss for the company.

 

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But there was a bright side to this news: they employ over 97,000 people. This includes both full- and part-time employees as of June 30, and is a number that is three times larger than what the company reported in 2010 of just 28,300 employees. This number does not include temporary workers, or contractors.

 

Amazon's employee count does include workers at their fulfillment centers around the world, so it's not just Americans that we're talking about here. But it's a number that shows just how big Amazon have gotten in the last three years alone.

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