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If we look back to the beginning of 2011, Apple were worth in excess of $300 billion. Fast forward to the same time this year, and they posted record first-quarter results, with all-time record iPhone, iPad and Mac sales. Just 24 hours ago, Apple shares closed at $500, with a market capitalization of almost $470 billion.
As big as PayPal are, they can be much bigger. Vice President and General Manager of Retail and Prepaid, Don Kingsborough, has said that he's wanting to move PayPal into physical retail stores, and hopes that this retail push will give them some power against Visa and MasterCard.
PayPal's plan is to reach a public goal of 20 major retailers using the point-of-sales (POS) system by the end of this year. This POS system works when a customer checks out, and the POS card-swiping terminal offers a new orange button saying, "Pay with PayPal". From there, customers can select this option, confirm the total, and type in their cell phone number and a PIN number that was determined before going into the store.
Kingsborough has been quoted:
We are going to do it with the greatest brands in the world -- Home Depot and every other top 100 retailer. There isn't a major brand we haven't talked to.
The eBay-owned company is already testing out their POS system in Home Depot, with Office Depot the next step in this grand new plan. PayPal have refused to comment on the names of other planned retailers.
Talk about cashing in. Sony have officially apologised for hiking up the prices on two of Whitney Houston's albums on Apple's U.K. iTunes store, the day after the singer had died.
On Sunday, Sony had introduced new wholesale price changes that bumped the retail price of Whitney Houston's "The Ultimate Collection" from 4.99 pounds to 7.99. On top of this crazyness, Sony increased the price of "Whitney: The Greatest Hits" from 7.99 pounds up to 9.99.
Sony then moved the prices back to their original price later in the day. Of course, the Internet exploded with criticism, where Sony didn't bother to comment until later this afternoon. Sony's apology statement, as reported by AllThingsD:
Whitney Houston product was mistakenly mispriced on the UK iTunes store on Sunday. When discovered, the mistake was immediately corrected. We apologize for any offense caused.
Team Red have just lost another player, after a few resignations and changes within the company throughout 2011 and even this year, news has hit the Internet that AMD's Corporate Vice President & CTO, Graphics Division, Eric Demers, is leaving the company. He has hung up his Team Red shirt for good.
AnandTech have reported that he isn't leaving for Intel, or Team Green (NVIDIA), but suspect that Eric's talents will continue to be seen within the industry. Considering AMD's current success within the GPU industry, it's hard to see Eric out of work for a long period of time.
Google's $12.5 billion purchase of Motorola has not only been approved by the European Commission, but the United States Department of Justice. Google is now edging closer to the deal being completely approved, but they're still waiting on approval of China, Taiwan and Israel, before the transaction can officially be completed.
The DoJ's Anti-trust Division, who conducted the investigation, said the purchase was "not likely to significantly change existing market dynamics" or "substantially lessen competition". Of course, there are still concerns and they will have eyes on them to make sure they don't abuse patents, like other companies do. Reuters have reported that the DoJ "would not hesitate to take enforcement action", if Google were to manipulate the licensing of standard essential patents to their own advantage.
Google have whipped out their [Google] wallet and are paying more than $120 million for construction projects at their Mountain View HQ, including work on a series of new or previously secret hardware testing labs, that are hinting at Google expanding interest in making consumer objects to combat rivals Apple, Microsoft, and more.
Included in these new secret labs, is a reported new secret consumer product under the brand name "@home", that is said to wireless stream music or data to other household devices. Google are also said to be modifying a lab for their "Project X", which seems to involve precision optical technology and be part of the secret technology projects that Google co-founder, Sergey Brin is heading.
The biggest project in this expansion is said to be a "Google Experience Center", which is at the core of the Googleplex. The 120,000-square-foot center is said to be a kind of private museum for Google's most importan clients and partners, where they plan to "to share visionary ideas, and explore new ways of working" with up to 900 VIPs and other important guests.
I'd love to have a tour through these new facilities, it sounds super exciting. I really just want a pair of those Intersect glasses (Chuck fans, unite!). Well, not Intersect glasses, but Google's augmented reality glasses.
Apple shares closed above the $500 mark today, ending the day at $502.60. Impressive. Being the world's most valuable company must feel good, but being able to boast a market capitalization of almost $470 billion, must feel better.
This means they're up 9 points from yesterday's close, and up more than 80 from the day Apple released their numbers for their super-impressive quarter on January 24th. This $500 mark is said to be a 'psychological milestone', with the market cap the most important. $470 billion may sound like a lot, but during the 1990s boom, Microsoft, Cisco and GE also reached that height.
Considering Apple also hold close to $100 billion in cash, this goes to expand those numbers that little bit more. The question I have is, just like all companies, and empires, they fall. Will Apple continuously expand and hit $1000 per share? Or will they fall? What could do that? A true market crash? It seems nothing can stop this freight train that is Apple.
Microsoft opening new retail stores soon, will step over the border to Canada by the end of the year
Microsoft have laid down some plans where they will open up four new retail stores over the next few months, with the first international stores opening up later this year.
This is all according to at least one person familiar with Microsoft's plans, says The Verge. The plans would see the Redmond-based company open up a brand new store in Palo Alto, California, and another in Austin, Texas. The funny thing about two of these stores? They will be opening during April, and they'll be quite close to Apple retail store locations in popular malls.
The same plans are said to include two new stores in the state of New Jersey, the first in Bridgewater, the second in Freehold. The New Jersey stores are said to be located in malls that also have Apple stores, and are expected to open up shop before the end of June.
Microsoft's Kevin Turner said last July that Microsoft plan to open up 75 new stores over the next two years, but at the time didn't mention any non-domestic stores. Canada is on the list to receive a store, which should be located in Toronto and will open up just before the holidays. It's said to expect at least one international store at the same time as the Toronto-based store opening.
We reported last year about the Steam hack, but it has now been reported that the hack was actually quite a lot worse than previously thought. The server hacked did contain data such as usernames, hashed passwords, game purchases, e-mail addresses, billing addresses and encrypted credit card numbers, but Valve didn't find any evidence that led them to believe that any personal information was stolen, until now.
Valve have completed further investigation into the matter, and have stated that their preliminary conclusion was, incorrect. Newell has now said he believes the hackers obtained a copy of a backup file with data about Steam transactions made between 2004 and 2008. This backup file is said to contain usernames, e-mail addresses, encrypted billing addresses and encrypted credit card numbers. One of the good things to come from this news is that no passwords were included in this file.
Yozma Venture Capital is looking to sell their shares in Israel-based Conduit, a company who creates user engagement tools. Yozma could receive more than $200 million if they sold their shares, Globe reported yesterday.
The buyer is Silver Lake, a U.S. private equity firm, who is looking to pay between $200 and $250 million for the stake in Conduit. Globes describes the firm as a:
large foreign investment firm that has tens of billions of dollars in assets under management.
Yozma originally invested $1.5 million in the company back in 2006 for a 9-percent stake. If this deal continues, Yozma would see a very impressive 200-times its initial investment, or 20,000-percent. This is an insane deal for Yozma, and shows they invested their money very wisely.
What do Conduit offer? They offer three services, first, a community toolbar that boosts traffic and grows website communities, a mobile service that creates apps, and the Wibaya Bar, which promotes social engagement.