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Business, Financial & Legal Posts - Page 255

Apple's Tim Cook says at Town Hall all Apple employees get $500 off Macs, $250 off iPads, starts in June

Apple had an amazing quarter, and to thank their employees, Tim Cook has said at today's Town Hall meeting that there will be some new "employee benefits". This is just a way Apple want to show their appreciation to those who have worked so hard to continue pushing the company to where it is today.

 

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Cook announced that starting in June of this year, Apple employees will be given $500 discount on purchases of new Macs and $250 discounts on purchases of new iPads. There are some conditions, though. Apple employees may only take this opportunity every three years, and have to have been working at Apple for 90 days or more.

 

Another condition is the Mac discount cannot be used on the Mac mini, which is priced pretty close to the $500 Mac discount which would make it nearly free. Apple employees already receive a 25-percent discount on Macs, so that $500 is going to go a long way.

Continue reading 'Apple's Tim Cook says at Town Hall all Apple employees get $500 off Macs, $250 off iPads, starts in June' (full post)

Obama thinks Americans should support the 'next Steve Jobs'

President Obama did what he does best at his State of the Union speech, talked. Obama can say a lot, and not really mean it. He comes across as this beacon of light that is going to introduce change, but nothing really changes. He allows no reform, employs half of Wall St, ex-bankers and ex-CIA to be his left and right-hand men and women.

 

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Anyway, he has laid out his plans for an economic recovery where he references the technology sector and said:

 

An economy built to last is one where we encourage the talent and ingenuity of every person in this country.

 

Steve Jobs' wife, Laurene Powell Jobs was in the audience at this time, when Obama said:

 

That means women should earn equal pay for equal work. It means we should support everyone who's willing to work; and every risk-taker and entrepreneur who aspires to become the next Steve Jobs.

Continue reading 'Obama thinks Americans should support the 'next Steve Jobs'' (full post)

Apple sold more iPads than HP sold PCs, the times they are a-changin'

Apple had quite an amazing 3 months, with a record-breaking $46.3 billion in revenue, 37 million iPhones sold and 15.43 million iPads being sold. That last number, 15.43 million iPads.

 

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15,430,000 iPads sold, compared to the total number of HP's personal computing devices is actually strong. HP only sold 14.7 million, which means Apple sold more iPads than HP sold PCs. This is a seriously huge number.

 

Considering its only one iOS-based device, and not even the iPhone, this shows Apple mean some serious fruity business. This HP figure, to be fair, doesn't include the TouchPad. "Sources familiar with HP's build plans" say that the initial TouchPad order was between 1.8 and 2 million units.

NVIDIA cuts sales forecast, blames hard-drive shortages, as well as the Tegra 2 decline

NVIDIA has warned that its current quarter's sales would fall short of expectations. NVIDIA, whose fourth quarter ends January 29, has said it now expects quarterly revenue of around $950 million.

 

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This is short of their original expectations of approximately $1.066 billion. NVIDIA have said that the shortfall is due in part by the PC-market impact from a global hard-drive shortage because of the unfortunate and devastating Thailand floods.

 

Because of this, fewer systems were shipped, and some PC makers decided to scale back on graphics to account for their inflated hard-drive costs. NVIDIA have also said that its Tegra 2 mobile chip business declined more rapidly than it had expected.

 

NVIDIA is currently ramping production for Tegra 3, which will replace the Tegra 2 chip over time.

Tim Cook congratulates employees over e-mail, tells them to attend Town Hall tomorrow to discuss "some exciting new things going on at Apple"

Apple have had an amazing Q1, with some uber-strong numbers blowing even analysts expectations. You'd have to be happy being the CEO right now, and Tim Cook seems to be over the moon. Cook sent a short e-mail to Apple employees not only congratulating them on both a record setting holiday quarter, but starting 2012 with the launch of a ground-breaking initiative for education with iBooks textbooks.

 

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Cook has told all employees to report to Town Hall tomorrow, either in person or through AppleWeb at 10AM PT to discuss "some exciting new things going on at Apple." His full e-mail is below:

 

Team,

 

Thanks to everyone's hard work, we're off to a great start in 2012. Last week in New York we launched a groundbreaking initiative for education with iBooks textbooks, and today we reported the strongest quarter in Apple's history.Please join me tomorrow morning at 10 a.m. in Town Hall. We'll review our record-setting results and discuss some exciting new things going on at Apple.The meeting will be broadcast live to many sites in Cupertino and other Apple locations. Please check AppleWeb for details.

 

Tim

WikiLeaks' founder Julian Assange set to... host a TV show

This is definitely something that I did not expect, but WikiLeaks' founder Julian Assange is set to host his own new television show that will have him featuring interviews with key political players from around the world.

 

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The theme of the interview show is "the world tomorrow" and is scheduled to hit in mid-March. Assange is said to be planning 10 weekly half-hour episodes where he will explode what he says is the future of our world with political players, thinkers and revolutionaries. He hopes to examine his guests' philosophies and struggles in a deeper way than what has been done before.

 

The program is set to be shown to over 600 million viewers across cable, satellite and terrestrial broadcast networks based on initial licensing commitments, but no specific networks or providers have been listed.

 

At the moment, there has also been no mention of planned guests.

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.

 

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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.

 

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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.

 

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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.

 

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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.

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