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Business, Financial & Legal Posts - Page 115

BlackBerry gains market share at Apple's expense, Z10 appears to have helped

According to data released by Net Applications, BlackBerry picked up a bit of market share in the month of April. Net Applications watches mobile web usage, which is different to normal market share estimates that are based solely on the number of devices sold and in circulation.

 

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Net Application's data shows that BlackBerry gained a small amount of market share. BlackBerry climbed to 1.51 percent for April, up from February's 1.39 percent. iOS, meanwhile, fell by about 1.5 percent to a still-impressive 59.04 percent. Android claimed 26.02 percent of the market, up about one percent.

Facebook reports average earnings, hits and misses some Wall Street expectations for Q1

Facebook has reported its first-quarter earnings today, with mixed results. In some regards, Facebook has done well; in others, Facebook didn't quite make the mark. For instance, Facebook pulled in a total of $1.46 billion in revenue, up 38 percent year-over-year. This beat analyst expectations of $1.44 billion.

 

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On the other hand, Facebook reported earnings per share of 12 cents, which was below the analyst expectations of 13 cents per share. Mobile advertising accounted for 30 percent of Facebook's advertising revenue that totaled $1.25 billion.

 

Facebook is touting 1.11 billion active monthly users as of March 31, with 665 million being daily users. Mobile monthly active users came in at 751 million, a 54 percent growth year-over-year. Facebook still has some issues to work out, but at least it didn't completely miss the mark. Shares closed at $27.43, but are up slighting in after-hours trading.

Siri creator claims study that showed voice texting as bad as normal texting while driving was flawed

We recently reported a study which showed that using voice commands to text, such as Siri, was as bad for safety as texting manually. However, Siri's co-inventor, Adam Cheyer, claims that the study's findings is invalid. He argues that the study "seems to have misunderstood how Siri was designed to be used."

 

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According to Cheyer, they purposely designed a car mode for Siri. When in car mode, Siri is prevented from running commands that would require looking at the screen or pushing buttons. "Of course your driving performance is going to be degraded if you're reading screens and pushing buttons."

 

Siri will automatically read back dictated text when connected to a wired or Bluetooth headset. Texas Transportation Institute, when asked about this, confirmed that the study did not make use of Siri's car mode, which does validate the claim of Cheyer that the study's findings may not be completely applicable to iPhones.

Hitachi-LG Storage accused of price fixing, again, this time in Florida court

It seems the legal woes aren't over for Hitachi-LG Storage.

 

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After shelling out $21.1 Million in criminal fines and subsequently pleading guilty to bid-rigging and price fixing of optical disk drives in September 2011, a suit brought on by the Department of Justice, Attorney General Pam Bondi of Florida is suing Hitachi-LG for price fixing once again saying:

 

Price-fixing hurts healthy business competition and costs Florida's businesses, consumers, and governmental agencies by requiring them to pay higher prices for products," stated attorney general Pam Bondi. "My office is committed to protecting Floridians, and we will work to obtain relief for those affected by this alleged price-fixing scheme.

 

Company's such as BenQ, Lite-ON, Sony, Samsung and Quanta are also named as conspirators in this forth coming suit. More to follow as it develops.

T-Mobile seals MetroPCS deal, begins trading on the US stock market

This morning T-Mobile finalized its deal to merge with MetroPCS and has begun trading on the US stock market at $16.25 a share.

 

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The merger is the result of a deal between T-Mobile and MetroPCS stock holder, where MetroPCS acquired all of T-Mobile's capital stock from Deutsche Telekom.

 

T-Mobile will continue to operate both companies as a separate entity with the ultimate goal of creating a unified network. The new company, which is headquartered in Bellevue, Washington, will have John Legere as its CEO, and the former MetroPCS vice chairman and chief financial officer J. Braxton Carter will take the CFO position.

Nevada sees its first legal online poker site go online

Nevada gamblers get ready, as your state has become the fifth state in the US to allow legal online poker for money. Station Casinos' UltimatePoker.com was legalized for online poker in February, and currently operates under a 30-day license.

 

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This is coming from A. G. Burnett, chairman of the Nevada Gaming Control Board, while UltimatePoker.com works out "the kinks" before their official license is granted to them. Burnett adds "we have others right behind them". Players can compete in nightly games with a prize pool of $1,000 and two $10,000 Sunday games, which is operated by Station Casinos' subsidiary, Ultimate Gaming.

 

Chris Krafcik, North American research director online gaming analysts Gambling Compliance, said in an e-mail to Reuters:

 

Other states will be watching Nevada closely to see whether it can effectively implement technology solutions that allow gambling businesses licensed there to identify the age, identity and location of their customers.

iPad mini makes up more than 64% of all iPads shipped in the last three months

It looks like Apple's 7.9-inch iPad mini tablet is doing well, according to unnamed sources of DigiTimes. Their sources have said that Apple have shipped 12.5 million iPad mini's in the last quarter, which accounts for around 64% of all iPads shipped.

 

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DigiTimes compares this to the Google Nexus 7 tablet, which has a round 4.5 million units shipped since it launched last summer. Apple are reportedly working on a new iPad mini, one that would feature a Retina display, and a cheaper version that would better compete against the cheaper Nexus 7 and Amazon Kindle Fire HD.

Yahoo now offers double the maternity leave for new mothers

Two months ago, Yahoo CEO Marissa Mayer banned employees' abilities to work from home, while she built a nursery in her office for her child. Well, she has pulled a 180-degree turn and not offered double the maternity leave for new parents.

 

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Yahoo are doubling the amount of paid maternity leave new mothers can take, from 8 to 16 weeks leave. New fathers will even receive eight weeks of paid leave. Yahoo said in a statement:

 

Over the last several months, we've introduced new benefits like free food to make Yahoos' days easier, new smartphones to encourage innovation, and updated computers to speed productivity. Recently, we rolled out some new and improved benefits to support the happiness and well-being of Yahoos and their families.

Continue reading 'Yahoo now offers double the maternity leave for new mothers' (full post)

Apple and Samsung to battle it out again in November over damages

Late last August, a jury awarded Apple with damages amounting to just over $1 billion, saying that Samsung infringed upon Apple's patents. Just this March, Judge Lucy Koh struck $450 million from those damages saying that the jury didn't fully understand the patent issues.

 

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A new court date has been set for November 12, at which time Samsung and Apple will go at it again to argue damages. All of the evidence for this trial will be limited to that which was shown in the original court battle. Samsung could end up having to pay less, but they could also end up being on the hook for more, though it shouldn't go above the original $1 billion awarded.

 

A further court battle will occur in March 2014 over additional patent infringement claims. Why can't we just be friends?

AT&T opens $100 phone trade-in program

AT&T has announced a new program in which you can receive a credit for trading in one of your old smartphones when you upgrade. The program officially starts tomorrow, May 1 and AT&T says that this is a limited time promotion, so you might want to take advantage of it early on.

 

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Beginning May 1, consumers who trade in their current smartphone to AT&T* will be eligible to receive at least $100 off the purchase of a new smartphone, including the new Samsung Galaxy S 4, BlackBerry Z10 or 32 GB HTC One. These devices are normally $199.99 with a qualifying two-year agreement** but, with this limited time promotion, they will be available for $99.99.

 

This promotion applies to any smartphone AT&T sells, and gives customers access to the latest devices at a fraction of the cost or, in the case of smartphones priced under $99.99**, for free. To take advantage of this offer, customers are encouraged to visit any AT&T company-owned retail store or participating authorized dealer with their previous smartphone that is no more than three years old and in good, working condition. In stores, upon trading in their old phone, customers will receive the $100 credit on-the-spot and can use it immediately. ***

 

Some trade-in phones may have a value higher than $100. In this case, customers will receive the credit at the higher value.

Continue reading 'AT&T opens $100 phone trade-in program' (full post)

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