Business, Financial & Legal News - Page 247

All the latest Business, Financial & Legal news as it relates to tech, gaming, and science - Page 247.

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Apple Q3 2012: 26M iPhones, 17M iPads, 4M Macs, and 6.8M iPods

Trace Hagan | Jul 24, 2012 4:04 PM CDT

Apple has reported its third quarter earnings and sales numbers and they are pretty darn promising. In the last three months, Apple managed to push a large number of iDevices. The iPad fared the best with 17 million units sold, up from 11.8 million last quarter. The iPhone didn't do as well, but still managed an impressive 26 million.

The iPhone's 26 million was down from last quarters 35.1 million, but was up 28% from last year's Q3 numbers. These numbers confirm analysts expectations that the iPhone would see a decline while the iPad would see significant growth. The decrease in iPhone sales is a bit troublesome for the company as that is where the majority of their revenue and profit are.

The iPad managed an impressive 83% increase year-over-year and a 44% increase over the second quarter. iPod sales were down again and it appears to be quickly becoming a niche product as more and more users snap up smartphones and use them as an MP3 player. With 6.8 million sales, it most likely is still the most popular MP3/MP4 player on the market.

Continue reading: Apple Q3 2012: 26M iPhones, 17M iPads, 4M Macs, and 6.8M iPods (full post)

AMD's gaming executive leaves, joins NVIDIA - he was the man behind AMD's home-run of having tech in all three next-gen consoles

Anthony Garreffa | Jul 23, 2012 7:27 PM CDT

All three next-gen consoles: Nintendo's Wii U, Microsoft's Xbox Next/720 (or whatever they end up calling it) and Sony's PlayStation 4 will all sport AMD GPUs, CPUs or APUs, or a mixture. This is thanks to Bob Feldstein, who up until just recently worked for AMD.

Feldstein has just changed his flag colors, from red, to green. He's joined the ranks of NVIDIA as their vice president of technology licensing at NVIDIA. His position at AMD was as their corporate vice president of business development, as well as leading the company's Botson Design Center, which focused on design engineering for various AMD chips.

Feldstein's work has been said to be instrumental in helping AMD grow into new markets, especially with their tech being in the three next-gen consoles. This means that Feldstein and his work has been a big reason as to how AMD won big contracts away from NVIDIA. NVIDIA spokesman Bob Sherbin said in a statement that Feldstein is "an experienced technology licensing person" and that NVIDIA hired him "to help us think through current and possible future technology licensing projects".

Continue reading: AMD's gaming executive leaves, joins NVIDIA - he was the man behind AMD's home-run of having tech in all three next-gen consoles (full post)

Apple CEO Tim Cook meets with Samsung execs to discuss patent war

Anthony Garreffa | Jul 20, 2012 2:21 AM CDT

US District Judge Lucy Koh of the Northern District of California ordered Apple CEO Tim Cook, as well as the top-ranking Samsung executives Choi Gee-sung and Shin Jong-kyun on July 16, where they met in the US to discuss putting an end to the on-going patent lawsuits that are being fought across the world.

The US jury trial was scheduled for July 30, but The Korea Times reports that the two technology leaders met early. This is the second time in two months that they've met, with Samsung Electronics' COO Lee Jay-yong also reported to have scheduled talks with Cook while the Apple CEO was attending the Sun Valley Media Conference between July 10 to July 14.

Where it gets more interesting, is that an 'unnamed Samsung official' told the Korean news website that Samsung placed an added importance on the meeting as they were "very important business partners", in which they very much are. This is thanks to large orders for processors, LCDs and memory components that are using in Apple's iDevices. Samsung provided a whopping $7.8 billion in parts for Apple devices in 2012, meaning that Apple is Samsung's largest customer.

Continue reading: Apple CEO Tim Cook meets with Samsung execs to discuss patent war (full post)

Apple has to publish notice on their website, and magazines, that Samsung didn't copy iPad in the U.K.

Anthony Garreffa | Jul 19, 2012 4:28 AM CDT

We all know the on-going patent war between Samsung and Apple is keeping the entire industry talking, but this latest news is just icing on the cake for Samsung. Apple has been ordered by a judge to publish a notice on its U.K.-based website, as well as British newspapers notifying people that the ruling stated that Samsung didn't copy iPad designs.

This notice is said to outline the July 9 London court decision that Samsung's Galaxy tablets didn't infringe on Apple's registered iPad designs, Just Colin Birss said yesterday. Birss added that this notice should be posted on Apple's U.K. homepage for six months, as well as having it published in several newspapers and magazines to correct any impression that Samsung copied Apple's iPad. Richard Hacon, a lawyer for Apple told the court that this order means Apple will have to publish "an advertisement" for Samsung, and that "no company likes to refer to a rival on its website".

If anyone sees an advertisement or notice in a British newspaper, please do drop us an e-mail!

Continue reading: Apple has to publish notice on their website, and magazines, that Samsung didn't copy iPad in the U.K. (full post)

Yahoo has a good Q2, sees revenues of $1.22 billion

Anthony Garreffa | Jul 18, 2012 9:31 PM CDT

Yahoo announced their second quarter financial performance yesterday, with the search giant enjoying revenues of $1.22 billion in the quarter, with diluted earnings of $0.27 per share. After all factors considered, revenue sat at $1.1 billion.

GAAP diluted earnings per share were $0.18 for the quarter, not moving from the previous year. Yahoo saw revenues of $461 million from search, with this number being 1-percent down year-over-year. GAAP display ad revenue was up 2-percent year-over-year. Yahoo made a splash across headlines earlier this week, announcing Google exec Marissa Mayer would be taking over as CEO. Yahoo listed Mayers move as its first 'business highlight'.

Even though the news of Mayer joining the company, it had little effect on Yahoo stock, which rose around 2-percent in after hours trading following the announcement. The following is Yahoo's overview of their quarter:

Continue reading: Yahoo has a good Q2, sees revenues of $1.22 billion (full post)

LG Display workers get charged over Samsung OLED technology theft

Anthony Garreffa | Jul 18, 2012 3:21 AM CDT

LG Display Co., the world's second-largest flat-panel maker has had six naughty employees charged over the theft of technology from Samsung Mobile Display Co. The six employees of LG leaked, or stole Samsung Mobile's OLED technology and business secrets.

This is all according to an indictment filed with Suwon District Court in South Korea. Two of the six accused include two former Samsung Mobile employees. Samsung Mobile have requested that LG Display formally apologize, as well as take the necessary steps to prevent reoccurrence. LG Display also merged with Samsung Display Co. this month.

In an e-mail sent out yesterday, Samsung Display Co. said that LG Display systematically took Samsung's OLED technology, and core staff to overcome its own shortcomings. LG said in a separate e-mail that the information obtained is widely known in the industry and isn't considered a trade secret. LG Display are also taking legal action against Samsung Display, a unit of Samsung Electronics Co. for defamation.

Continue reading: LG Display workers get charged over Samsung OLED technology theft (full post)

Windows Phone 7's US market share still doesn't fare well

Anthony Garreffa | Jul 17, 2012 11:31 PM CDT

Nielsen, an analyst firm, have their latest numbers for the U.S. smartphone market in Q2 2012, with numbers showing that for Q2, smartphone adoption continues to increase with 2 in 3 new customers grabbing a smartphone.

But, the Windows Phone 7 numbers are the most interesting bit of this new data, where the mobile OS holds just 1.3-percent of the market. Nokia itself has only 1.2-percent of smartphone owners, and that's considering the amount of marketing that Nokia have pushed with their Lumia series of devices.

We have RIM's BlackBerry handsets having a nice 9-percent of the US smartphone market, with Motorola, HTC and Samsung enjoying 11-, 14- and 17-percent, respectively. Apple takes the crown by enjoying a nice 34-percent of the US smartphone market pie. If we look at operating systems, Android takes the crown, with a hefty 51.8-percent of the market, and 54.6-percent of new customers taking an Android-based handset.

Continue reading: Windows Phone 7's US market share still doesn't fare well (full post)

Apple's Retina MacBook Pro takes the EPEAT Gold status upon its return

Anthony Garreffa | Jul 16, 2012 4:24 AM CDT

Apple's sharp exit, but swift return to EPEAT has been a whirlwind of random behavior for the usually straight-shooter company. But, it seems that the pullout, and return to EPEAT could've been from a dispute over the status that had been given to the Retina MacBook Pro.

The two 15-inch models may have been threatened with a lower-than-top ranking, which would've been a first for Apple. The Retina-powered models now appear on the EPEAT website, this time with Gold rankings. Considering that critics have complained that the Retina models are less "repairable" than other notebooks, and that the fusion of the display to the casing itself, as well as the gluing of the battery make both components more difficult to recycle than models that don't sport those features.

The scoring is now identical for non-Retina and Retina models of the 15-inch MacBook Pro. Within this scoring, Apple loses points for "materials selection" as well as "energy conservation", without EPEAT explaining what these could mean, or how Apple could improve them. But, there is some light at the end of this Apple and EPEAT tunnel, in the way that the Retina MBP gets full points for "product longevity/life cycle extension", an acknowledgement that Apple's use of custom batteries, and the rMBP's new fused display is likely to decrease the chances of a defect, which could offset the new machines' lack of easy interior repair.

Continue reading: Apple's Retina MacBook Pro takes the EPEAT Gold status upon its return (full post)

Apple set to report record-breaking sales of their iPad, 20 million in the last quarter

Anthony Garreffa | Jul 13, 2012 3:22 AM CDT

Apple is staring down the barrel of a record-breaking sales for their iPad, with sales of 20 million in the June quarter, according to one analyst. Charlie Wolf with Needham & Company issued a note to investors on Thursday, where he has increased his June iPad shipment forecast.

His previous forecast was 13.5 million units, and he's increased this to a significant 20 million. Wolf does admit that his initial estimate in April was "hastily formulated", which is why his latest prediction is so much bigger. Wolf says:

In our view, it's only a matter of time before iPad shipments exceed iPhone shipments. The iPad is invading the business market at a much faster pace than the iPhone. In addition, the iPad will launch in China on July 20th. This should provide a significant boost in sales now that Apple is providing Chinese languages and services on its iOS platform.

Continue reading: Apple set to report record-breaking sales of their iPad, 20 million in the last quarter (full post)

Kim Dotcom offers to voluntarily travel to the U.S., if his assets get unfrozen

Anthony Garreffa | Jul 12, 2012 2:27 AM CDT

MegaUpload founder Kim Dotcom seems to be positioning himself on the chess board that is his legal troubles right now, in a move that is right out of the left field. Dotcom has agreed to voluntarily travel to the United States where he'll face piracy charges, but has only agreed to do so if the Justice Department unfreezes his assets to help him cover living expenses and pay for legal representation.

Dotcom gave the proposal over Twitter, of all places. Dotcom's statement was delivered just a day after a New Zealand court postponed his extradition hearing due to the raid on his mansion being ruled illegal. The evidence collected was therefore obtained illegally, and the case has been postponed until 2013.

Kim Dotcom appears to be totally calm with his proposal to the DoJ, one would imagine he has a trick or two up his sleeve? What are your thoughts on this?

Continue reading: Kim Dotcom offers to voluntarily travel to the U.S., if his assets get unfrozen (full post)