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Business, Financial & Legal Posts - Page 114

Apple stock drops below $500 as reports on dwindling iPhone 5 sales surface

Apple's stock dipped below $500 a share this morning after media outlets reported that Apple ($APPL) was decreasing iPhone 5 component purchases due to lowering demand. That is over a $20 drop from Friday's closing price.

 

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The Wall Street Journal has reported that demand for the iPhone 5 has been lower than expected and cited "people familiar with the situation" as saying that Apple has cut its order for iPhone 5 screens in half for the March quarter. The Japanese daily publication Nikkei said that Apple has halved its initial order of 65,000 LCD screens from suppliers.

 

As if on cue, this news rattled investors, sending the stock into a downtrend. The stock started recovering shortly after falling below $500 and at the time of this writing, was hovering around $505 a share.

Windows Phone to soon reach one million sales per week

In this world of iOS and Android dominance, the voice of Windows Phone isn't heard too much. Well, now we have something to go on. Forbes' latest report is talking about Qualcomm's CES keynote, in which Microsoft CEO Steve Ballmer ran onto the stage and spilled some numbers.

 

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During his speech in the Qualcomm CES keynote, he said that the latest Windows Phone was selling "five times more devices than the same period last year". There are no exact numbers here, but if we go back to Q4 2011, we're looking at around 2.5 million units. Ewan Spence, who wrote the article for Forbes, he made:

 

A couple of assumptions, I make the range of Windows Phone handsets sold in Q4 2012 as being between 9,500,000 and 13,250,000 smartphones. My gut feeling is that the sales are at the lower end of this range, but I'd expect Q1 2013 to build on Q4 2012, mostly because the Windows Phone 8 devices were only available for half the quarter. So there's lots of room to improve those numbers over the next three months.

Continue reading 'Windows Phone to soon reach one million sales per week' (full post)


Google throws $200 million into the wind, the Texas wind project that is

There's a wind project in Texas that is capable of generating an astounding 161 megawatts of energy, enough to power 60,000 average homes across the US. Search and mobile giant Google have now invested $200 million in the project.

 

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Google have injected the investment into the Spinning Spur Wind Project in Oldham Country, Texas, which is run by EDF Renewable Energy. This new $200 million investment is the 11th investment the search giant has made in renewable energy since just 2010. With all of Google's investments, their total output across their invested facilities is now a crazy 2 gigawatts of energy.

 

The Spinning Star facility begun construction in February 2012, and was opened for commercial operation in December last year. The Spinning Star facility features 70 Siemens 2.3 megawatt turbines, and the energy it generates will be pumped into a utility company named SPS, which provides for the Texas and New Mexico areas. Kojo Ako-Asare, Senior Manager of Google Corporate Finance has said:

 

We're proud to be part of a project that provides the Lone Star state with a new source of low-cost, renewable energy and supports the state's thriving wind industry. This investment reflects Google's ongoing commitment to clean energy and our belief that corporations can be an important new source of capital for this sector.

For the first time in five years, PC sales drop in Q4 2012

It's not like you or I did not see this coming in this smart device heavy world, but PC sales are now dropping according to new data from analysis firm IDC. IDC's latest data from Q4 2012 "marked the first time in more than five years that the PC market has seen a year-on-year decline during the holiday season".

 

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The analysis firm said that although Windows 8 has launched, worldwide PC shipments reached 90 million units which is 6.4% lower than what they reached last year. Jay Chou, Senior Research Analyst with IDC's Worldwide Quarterly PC Tracker said in a statement:

 

Although the third quarter was focused on the clearing of Windows 7 inventory, preliminary research indicates the clearance did not significantly boost the uptake of Windows 8 systems in Q4. Lost in the shuffle to promote a touch-centric PC, vendors have not forcefully stressed other features that promote a more secure, reliable, and efficient user experience. As Windows 8 matures, and other corresponding variables such as Ultrabook pricing continue to drop, hopefully the PC market can see a reset in both messaging and demand in 2013.

Continue reading 'For the first time in five years, PC sales drop in Q4 2012' (full post)

Nokia does better than expected with nearly 4.4 million Lumia phones sold in Q4 2012

Nokia has made it's investors proud by announcing that they have "delivered better than expected results" in Q4 2012 and have sold a whopping 4.4 million Lumia phones.

 

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Q4 2012's 4.4 million sold is a whopping leap over the mere 1 million Windows phones it sold in Q4 2011. The sales are also 1.5 million units better than what was sold in Q3 of 2012.

 

This year marks the first year of the Windows based Lumia with an astounding 14.3 million of the phones being sold worldwide. The company also revealed that its Devices and Services division also achieved profitability, which beat the gloomy outlook Nokia set for itself at the beginning of Q4.

Kickstarter stats for 2012: $274 million earned by projects, 18,000 campaigns funded

I'm sure if you went back to this time last year and told someone that some crowd-funded site like Kickstarter would be cranking through $274 million by the end of the year, they'd laugh at you, well, not anymore.

 

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Kickstarter's 2012 stats show that total pledges amounted to $319,786,629 with a total collected amount hitting $274,391,721. Total backers sat at 2,241,475 - page views and unique visitors were also mammoth with 709 million and 86 million respectively. The $319 million number is huge as its a 221% increase year-over-year compared to 2011.

 

The $274 million total collected amount is a huge 238% increase year-over-year, total backers are up 134%, and the pageviews and unique visitors are up 279% and 252% respectively. Kickstarter is really kicking some serious ass right now.

Samsung wants RIM's corporate users, RIM don't have their shields up right now

Research in Motion (RIM), the company behind the huge BlackBerry range, are already in trouble and this news is not going to help them one bit. Samsung have slowly but surely taken the consumer market into their hands after Apple's sticky hands got all over it, at least in shipment volume, and now it looks like Samsung have shifted aim to RIM's corporate users.

 

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Samsung are investing heavily in enterprise devices that sport higher levels of security and reliability, the opposite of what consumers need badly. Various governments and corporations aren't too sure on BlackBerry 10, and are now looking for alternatives, which is where Samsung comes into play.

 

Chief Product Officer for Samsung Mobile USA, Kevin Packingham, said during an interview with Reuters:

 

The enterprise space has suddenly become wide open. The RIM problems certainly fueled a lot of what the CIOs are going through, which is they want to get away from a lot of the proprietary solutions.

Continue reading 'Samsung wants RIM's corporate users, RIM don't have their shields up right now' (full post)

Poll Results - Has Apple ($AAPL) seen its best days? Are they now on a downtrend?

Our latest poll had almost 7,000 people who answered, "Has Apple ($AAPL) seen its best days? Are they now on a downtrend?"

 

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It's rather clear that TweakTown readers believe that Apple has indeed seen its best days, with 78% of readers voting that the tech giant is now on a downtrend. Some disagreed with 14% of our readers answering no to the poll question, while 8% were still sitting on the fence with their judgment on the matter.

 

For the actual numbers, go here. In our latest poll, we ask you... "What are you most likely to buy? (new CES 2013 products)" Let us know! Go here to vote!

Nokia's factory in India gets raided over an unpaid tax bill worth $542 million

According to reports, Nokia's factory in India has been raided over an unpaid tax bill. The taxes owed amount to 3000 Crore INR - or $542 million and have not been paid by the Finnish company to the Indian government.

 

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The news comes from confirmation from two factory employees and a spokesperson, who all confirmed the raid to the Economic Times. The Nokia spokesperson told the publication "yes, raids are on. I will call back". A statement from Nokia that The Next Web received says "operations in Chennai are continuing unaffected. "Nokia's commitment to being a good corporate citizen is firm and unwavering: we always observe applicable laws and rulings in the countries where we operate."

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