TweakTown
Tech content trusted by users in North America and around the world
6,058 Reviews & Articles | 38,954 News Posts
TRENDING NOW: Strap an iPad to your face with AirVR for mobile VR

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 252

Apple Stores had 110 million visitors in Q1 2012

Apple just posted their earnings, and what a quarter they had. How did their Apple Store's go? Well, they experienced 110 million people walking through the Apple Store doors, worldwide. This breaks down to roughly 22,000 customers per Apple Store, per week.

 

TweakTown image news/2/2/22405_02_apple_stores_had_110_million_visitors_in_q1_2012.jpg

 

These customers aren't just window shoppers, either. $6.1 billion of Apple's quarterly revenue came from their retail stores. This works out to be roughly $17 million from each of Apple's 358 retail stores.

 

Considering that most people, and competitor Amazon have rung the bell of death for brick-and-mortar retail stores for a while now, Apple are seeing as Borat would say "great success" in their Apple Stores.

Apple's Q1 2012, $46.3 billion in revenue, 37 million iPhones sold

Apple's Q1 2012, which runs between September 25th to December 31st, 2011 is quite special. It included the iPhone 4S launch and the holiday sales. How did Apple fare up? Well, quite brilliantly.

 

TweakTown image news/2/2/22404_01_apple_s_q1_2012_46_3_billion_in_revenue_37_million_iphones_sold.jpg

 

Apple took in $46.3 billion in revenue (compared to $28.3 billion in the previous quarter), with a record quarterly profit of $13.06 billion. 37.04 million iPhones were sold in this period, compared to just 17.07 million sold in the previous quarter.

 

iPads saw a nice shipment total, too, with 15.43 million iPads being sold, compared to 11.1 million in the previous quarter. Macs and iPods saw 5.2 million and 15.4 million, respectively. Compared to the previous quarter of 4.89 million and 6.62 million, respectively.

 

This has been Apple's first $40 billion quarter.

The average Silicon Valley Tech salary has passed $100k

The average annual salary of a Silicon Valley technology worker has surpassed the $100,000 mark this year. Tech-jobs website operator Dice Holdings Inc. has said that salaries for software and other engineering professionals in California's Silicon Valley rose 5.2-percent to an average of $104,195 last year.

 

TweakTown image news/2/2/22394_07_the_average_silicon_valley_tech_salary_has_passed_100k.jpg

 

This beat the average 2-percent increase to $81,327 in tech-workers' salaries nationwide. It was also the first time since Dice began the salary survey in 2001 that the numbers broke the $100,000 mark, said Tom Silver, a Dice senior vice president. It comes at a time where companies such as Facebook Inc., Zynga Inc., and Twitter Inc., that have reignited the web boom.

 

Some companies have gone public, too, with LinkedIn Corp. and Zynga hitting IPOs and Facebook is eyeing an IPO soon, too. Their success has made a domino effect on new start-ups, which has then ignited a hiring war for software engineers and others.

 

To compare, job growth elsewhere in the U.S. has remained relatively slow. U.S. employers added 200,000 jobs in December, and the unemployment rate ticked down to 8.5-percent, its lowest level since early 2009. Silver said "there's a tussle for talent growing in Silicon Valley and employers have to pay up." Tech-job postings in Silicon Valley on Dice rose to 5,026 earlier this month, up 26-percent from 3,974 a year ago. Nationwide, tech-jobs only rose 11-percent in the same period.

Intel to acquire Qlogic's InfiniBand assets, whips out $125 million

Intel have just announced they have agreed to acquire QLogic's InfiniBand business for $125 billion in cash. The move ie said to enhance Intel's networking and scalable high-performance computing portfolio. The deal is expected to close by the end of the current quarter pending the usual regulatory approvals.

 

TweakTown image news/2/2/22392_05_intel_to_acquire_qlogic_s_infiniband_assets_whips_out_125_million.jpg

 

What is InfiniBand? InfiniBand is a switched fabric communications link for data flow between processors and I/O devices used in high-performance computing and enterprise data centers. Intel says that the acquisition supports their vision of innovating on fabric architectures to achieve ExaFLOP/s performance by 2018. An ExaFLOP/s is a quintillion computer operations per second, a hundred times more than today's fastest supercomputers. Fast, huh?

 

Intel has also said that they expect a "significant number" of InfiniBand employees to join their company. QLogic may have sold their InfiniBand assets, but they will now reportedly work on converged networking, Ethernet and storage area networking (SAN) products.

Groupon acquires Mertado, a social shopping company that helps consumers discover new products

Groupon have just acquired Bay Area-based Mertado, a social shopping company that helps consumers discover new products. In a statement to All Things D, Julie Mossler said "Groupon is excited to announce it has purchase Mertado.com."

 

TweakTown image news/2/2/22382_11_groupon_acquires_mertado_a_social_shopping_company_that_helps_consumers_discover_new_products.jpg

 

No terms of the deal were disclosed, but Mossler did say several members of Mertado's staff will join Groupon, including founders Mehul Shah, Rajiv Bhat, and Vijay Chittoor, who is also the CEO. The reason behind the acquisition is that Groupon were interested in Mertado's expertise in the social commerce space, which includes the launch of Mertado TV, which combined video content with products.

 

A post on Mertado's Web site states that they are no longer accepting any new registrations and will officially shut down on February 28th. This is the second acquisition in as many moths for Groupon, where last month Groupon acquired Campfire Labs, which will head up the company's social efforts.

28nm at TSMC and GlobalFoundries are going through teething issues, wakes up during the night screaming

With my beautiful 10-month-old daughter getting multiple teeth at once, it felt right comparing the issues between 28nm and teething. Onto the news! We all know transitioning from an older fabrication to something newer, better, and more exciting can be, well, hard. It's being reported that both TSMC and GlobalFoundaries are both experiencing serious yield issues with their 28nm process nodes, according to Mike Bryant, technology analyst at Future Horizons.

 

TweakTown image news/2/2/22375_04_28nm_at_tsmc_and_globalfoundries_are_going_through_teething_issues_wakes_up_during_the_night_screaming.jpg

 

This is reportedly causing a rash of non-working wafers, to the point of having nothing working with some chip designs submitted for production. The problem seems to stem from pressure of bringing these new products to the market, rather than a problem with the technology itself. It takes time, something they don't have, and without said time, they can't iron out all of the issues and they're getting stuck.

 

Bryant says:

 

Foundries have come under pressure to release cell libraries too early - which end up with designs that don't work. At 45-nm, only NVIDIA was affected. At 28-nm any problems for TSMC will be problems for many customers.

Continue reading '28nm at TSMC and GlobalFoundries are going through teething issues, wakes up during the night screaming' (full post)

Intel reports record year, $54 billion in annual revenue

Intel have today reported a full-year revenue of an astounding $54 billion, with an operating income of $17.5 billion, net income of $12.9 billion, and EPS of $2.39. The thing associated with all of those huge numbers? They're all records. Intel had an amazing year in 2011.

 

TweakTown image news/2/2/22365_14_intel_reports_record_year_54_billion_in_annual_revenue.jpg

 

Intel generated approximately $21 billion in cash from operations, paid dividends of $4.1 billion and used $14.1 billion to repurchase 642 million shares of stock. Q4 2011 saw Intel post a revenue of $13.9 billion, operating revenue of $4.6 billion, net income of $3.4 billion and EPS of 64 cents. Q1 2012 has been good so far, with their business outlook mentioning revenue sitting at $12.8 billion, plus or minus $500 billion.

 

Full-year 2012 details are interesting, with stand-outs like Research & Development (R&D) expected to hit $10.1 billion. With Intel heading into the smartphone market, that $10.1 billion could go a very long way. With their lead bulldozing the CPU competition, Intel don't really even need to release something that much faster to stay on top. But, if they slow down, it might give AMD enough time to catch up.

Continue reading 'Intel reports record year, $54 billion in annual revenue' (full post)

Kodak files for chapter 11 bankruptcy protection

Eastman Kodak, the 133-year-old iconic American company that invented the handheld camera, have filed for Chapter 11 bankruptcy protection. After years of losing profits, and responding slowly to the ever-changing market, bankruptcy seems to be their only way out.

 

TweakTown image news/2/2/22361_09_kodak_files_for_chapter_11_bankruptcy_protection.jpg

 

The move follows a long-term restructuring plan by chairman and CEO Antonio Perez, where since 2003, Kodak have closed 13 manufacturing plans, cut its worth force from 145,000 down to 17,000. 15 years ago, Kodak were valued at around $31 billion, its current value? Just $150 million.

 

Perez has said:

 

The Board of Directors and the entire senior management team unanimously believe that this is a necessary step and the right thing to do for the future of Kodak. Our goal is to maximize value for stakeholders, including our employees, retirees, creditors, and pension trustees. We are also committed to working with our valued customers.

Continue reading 'Kodak files for chapter 11 bankruptcy protection' (full post)

Amazon makes more than $100 per Kindle Fire sold

Amazon lose money on each Kindle Fire sold, as hardware and manufacturing costs of the Kindle Fire exceed its retail pricing, but somehow, Amazon aren't losing money on it. How does Amazon conduct this sorcery? Well, with every Kindle sold is another annuity revenue stream for the company, further strengthening its core retail business.

 

TweakTown image news/2/2/22360_08_amazon_makes_more_than_100_per_kindle_fire_sold.jpg

 

According to RBC, each Kindle Fire generates more than $100 in additional income, which makes up for the $2-$3 that Amazon make per device. RBC Capital analyst, Ross Sandler, said in research notes to clients:

 

Kindle Fire unit economics are likely to be more favorable than consensus expectations, based primarily on frequency of digital goods purchases. Our assumption is that Amazon could sell 3-4 million Kindle Fire units in Q4, and that those units are accretive to company-average operating margin within the first six months of ownership. Our analysis assigns a cumulative lifetime operating income per unit of $136, with a cumulative operating margin of over 20 percent.

Continue reading 'Amazon makes more than $100 per Kindle Fire sold' (full post)

Microsoft reports record revenue, up 5% to $20.9 billion

Google had their turn just before, and now it's Redmond's turn. Microsoft have reported its second quarter 2012 earnings with record revenues of $20.9 billion, a 5-percent increase year-over-year. Microsoft's operating income, net income, and diluted earnings per share for the quarter were $7.99 billion, $6.62 billion, and $0.78 per share, respectively.

 

TweakTown image news/2/2/22359_06_microsoft_reports_record_revenue_up_5_to_20_9_billion.jpg

 

Compared to last years results of $8.17 billion, $6.63 billion and $0.77, respectively. The Online Services division, which includes Bing, lost another $458 million and Entertainment, where Xbox lives, as well as Windows operating profits, were also down. COO, Kevin Turner said in a release:

 

In addition to the continued strength of our commercial business, this holiday season was the strongest in Microsoft history, thanks to good sales execution and compelling products like Xbox 360 and Kinect. We are seeing a lot of excitement for new devices, from Windows 7 Ultrabooks to new Windows Phones, as well as growing anticipation for Windows 8.

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases