Latest Apple news

  • Apple thwarts geeks, investors probing smartwatch components
    Apple thwarts geeks, investors probing smartwatch components 23 hours ago

    By Melanie Burton MELBOURNE (Reuters) - Apple Inc managed to frustrate gadget lovers and investors desperate to find out the components of its new smartwatch on Friday, encasing its chips in tough resin and using rare screws to thwart people trying prise it apart. Gadget repair firm iFixit, which has carried out "teardowns" on Apple products from iPhones to MacBooks, said the U.S. company also appeared to be promoting its brand on the watch's inner workings, complicating detailed analysis of the parts' origins. News that a supplier has been chosen - or rejected - for one of Apple's products can cause drastic swings in stock prices, so huge are the iPhone maker's orders. The iFixit team, which travelled from San Luis Obispo to Australia to get its hands on one of the first Apple Watch deliveries after the gadget's global launch on Friday, began by blasting the screen with a heat gun to prise it off. More »

  • Corrected - Big personalities of the dotcom boom: where are they now? 23 hours ago

    By Jennifer Ablan and Heather Struck NEW YORK (Reuters) - (Story corrects paragraph 16 to show that TheRealReal was founded in 2011, not 2012, and has 3.5 million members, not monthly users.) The Nasdaq's March 2000 peak brought with it a plethora of colourful personalities - Wall Street analysts, bankers and tech moguls - who saw their reputations tarnished once the bubble burst. HENRY BLODGET: ULTIMATE BUSINESS INSIDER Then: In his initial heyday, Henry Blodget called Amazon's success early and earned $12 million a year analysing internet stocks at brokerage Merrill Lynch (now owned by Bank of America). In 2002, he agreed to a permanent ban from the industry in a settlement of securities fraud charges - he was alleged to have trash-talked companies privately while publicly promoting them to investors. More »

  • Apple Watch launches quietly at handful of big-city boutiques
    Apple Watch launches quietly at handful of big-city boutiques 23 hours ago

    By Yasmeen Abutaleb and Teppei Kasai NEW YORK/TOKYO (Reuters) - The Apple Watch launched quietly around the world on Friday without the usual frenzy or fanfare for an Apple Inc rollout, as a handful of boutiques in major cities like Tokyo and Paris sold the timepiece - but not for purchase at its own stores. Shops included The Corner in Berlin, Colette in Paris, Maxfield in Los Angeles and Dover Street Market in Tokyo and London. Apple courted the outlets to promote the watch as a fashion item rather than just another techie gizmo. The watch has been on display in Apple stores since April 10, when it became available for preorder. More »

  • Apple aims to ship more than 20 million smartwatches in 2015 - sources Fri, Apr 24, 2015

    By Michael Gold and J.R. Wu TAIPEI (Reuters) - Apple Inc aims to ship at least 20 million Apple Watches this year, well above many analysts' forecasts, according to supply chain sources. Shipment estimates for the smartwatch, Apple's first wearable gadget that went on sale on Friday, vary widely as it's a relatively new type of consumer product and the market is largely untapped. Firms in the supply chain estimate Apple will ship 2 million watches per month in the current quarter, said one of the sources. Another source said Apple is planning to ship 26 million watches this year. More »

  • Apple Watch: 'No Queues' At Exclusive Launch
    Apple Watch: 'No Queues' At Exclusive Launch Fri, Apr 24, 2015

    Apple's much-anticipated Watch device is released today - but unlike past launches do not expect hordes of hyped-up fans outside the company's stores. Apple’s retail boss, Angela Ahrendts, the former boss of Burberry, has said the Watch will not be available to walk up and buy until June. The Watch, announced in September, is the first new device the company has launched without iconic co-founder Steve Jobs, who died in 2011. More »

  • Mobile app could speed O'Hare passport lines Fri, Apr 24, 2015

    CHICAGO (AP) — International travelers arriving at Chicago's O'Hare airport should find shorter lines at passport control thanks to a smartphone app. More »

  • Stocks mostly up after Nasdaq record, despite no Greece deal
    Stocks mostly up after Nasdaq record, despite no Greece deal Fri, Apr 24, 2015

    BEIJING (AP) — Stocks turned higher in European trading on Friday, despite a lack of progress on Greece's bailout, as investors cheered the Nasdaq's record close. Chinese and Japanese shares fell on weaker global manufacturing data. More »

  • Fans camp out at store in anticipation of Apple Watch
    Fans camp out at store in anticipation of Apple Watch Fri, Apr 24, 2015

    The Apple Watch launched globally on 24 April with a small queue of Japanese tech-addicts lining up in Tokyo for Apple's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollouts. Buyers can take the smartwatch home from a handful of upscale boutiques and department stores, including The Corner in Berlin, Maxfield in Los Angeles and Dover Street Market in Tokyo and London, which Apple courted to help position the watch as a fashion item. People gathered outside Maxfield in Hollywood early Thursday to secure their chance for one of the small number of Apple Watches. Richard Ryan said he arrived at the store at 8.00am local time to make sure he was the first person in line. More »

  • Samsung hints at new smartwatch on Apple Watch launch day
    Samsung hints at new smartwatch on Apple Watch launch day Fri, Apr 24, 2015

    Samsung Electronics Co Ltd teased the market with hints of a new version of its Gear smartwatch on Friday, the same day that rival Apple Inc's long-awaited wearable devices went on sale. The South Korean tech giant's official blog post showed images of smartwatch with a round face - which would be a first for Samsung - and naming several partners, including Baidu Inc, Yelp Inc and CNN. Samsung also said it would release a wearable software development kit for third-party developers ahead of the launch. The blog post came as the Apple Watch went on sale without the fanfare typical of the U.S. firm's major product rollouts. More »

  • Nasdaq Hits Record As Strong Earnings Impress
    Nasdaq Hits Record As Strong Earnings Impress Fri, Apr 24, 2015

    The Nasdaq Composite Index has reached a record high, 15 years on from the dot-com crash - and is on course to track higher still thanks to strong results from Google and Amazon. Google, currently the second-largest firm on the Nasdaq, was just emerging and did not join the market until 2004 while Amazon ranked 41st. Amazon is the fourth largest firm by market value today. Quarterly results announced by both Google and Amazon were tipped by analysts to help lead further gains on the Nasdaq on Friday after shares in both firms were boosted by after-hours gains. More »

  • China, Japan stocks fall on data, Nasdaq boosts some markets
    China, Japan stocks fall on data, Nasdaq boosts some markets Fri, Apr 24, 2015

    BEIJING (AP) — Chinese and Japanese stocks fell Friday on weaker global manufacturing data while other Asian benchmarks rose after the U.S. Nasdaq index hit a new high. More »

  • Microsoft results show company's shift, but is it enough?
    Microsoft results show company's shift, but is it enough? Fri, Apr 24, 2015

    SAN FRANCISCO (AP) — Microsoft is changing its business. The question is whether it's changing fast enough. More »

  • Nasdaq sets closing record
    Nasdaq sets closing record Thu, Apr 23, 2015

    The Nasdaq Composite, the U.S. market index most closely associated with technology stocks, closed at an all-time high on Thursday, surpassing a 2000 record set just before the dotcom crash. Its new record close of 5,056.06 capped a slow, unsteady climb since it touched a 2002 low of 1,114.11, that spanned an economic recession, the rise of biotech and social media and the explosive growth of mobile phones that has helped make Apple Inc the most valuable company in the United States. The Nasdaq traded as high as 5,073.091 on Thursday, led by shares of Apple, which has been among the biggest positive influences on the index in recent years. More »

  • Fewer-than-expected tune in to Pandora in first quarter Thu, Apr 23, 2015

    (Reuters) - The number of listeners tuning in to Pandora Media Inc's online music streaming service fell short of expectations as the company faces stiff competition from Spotify and Apple Inc's Beats. Subscription revenue fell 3.1 percent to $52.02 million, while revenue from advertising rose about 27 percent to $178.7 million. Analysts on average were expecting revenue of $281.6 million for the period, according to Thomson Reuters I/B/E/S. Spotify, which is catching up fast with Pandora, said in January it had 15 million subscribers and 60 million active users at the end of 2014. More »

  • Apple Watch goes on sale worldwide amid supply shortage
    Apple Watch goes on sale worldwide amid supply shortage Thu, Apr 23, 2015

    By Bill Rigby SAN FRANCISCO (Reuters) - The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders. Buyers can take the smart watch home from a handful of upscale boutiques and department stores, such as The Corner in Berlin, Maxfield in Los Angeles and Dover Street Market in Tokyo and London, which Apple courted to help position the watch as a fashion item. The lack of queues at Apple stores will make it hard to judge popular demand for the Apple Watch, which comes in 38 variations with prices ranging from $349 for the Sport version to $10,000 and more for the gold Edition. Apple has not released any numbers since it opened for pre-orders on April 10, but many buyers were told their watches would not arrive for a month or more as supply appeared to dry up. More »

  • Nasdaq Record: Then and Now
    Nasdaq Record: Then and Now Thu, Apr 23, 2015

    NEW YORK (AP) — Fifteen years after peaking during the dot-com boom, the Nasdaq composite has reached a new all-time high. More »

  • Fewer-than-expected tune in to Pandora in 1st quarter Thu, Apr 23, 2015

    (Reuters) - The number of listeners tuning in to Pandora Media Inc's online music streaming service fell short of expectations as the company faces stiff competition from Spotify and Apple Inc's Beats. Shares of Pandora, which streams music by predicting listener's preferences, fell 4.6 pct in extended trading. The company said the number of active listeners in the first quarter ended March 31 was 79.2 million, with total listener hours of 5.30 billion. Analysts on average had expected 80.2 million active listeners and 5. ... More »

  • Factbox - Nasdaq surpasses peak close after 15 years: then and now Thu, Apr 23, 2015

    (Reuters) - Fifteen years and 31 trading days since the dot.com bubble peaked on March 10, 2000, the Nasdaq composite index has closed at 5056.06, finally beating its previous record close of 5,048.62. Back then many of us were watching reality TV shows like "Survivor" and bidding up stocks of companies with no earnings. These days, we are less focussed on reality shows and more focussed on reality - keeping tabs on dividends and price-earnings ratios, for example. A lot has changed - Apple Inc , now the most highly valued U.S. public company, had a meager $4.49 share price and certainly was not on Wall Street's hot list. More »

  • As Amazon parties on, some large fund managers take their leave
    As Amazon parties on, some large fund managers take their leave Thu, Apr 23, 2015

    They include such well-known names as Fidelity Contrafund, Washington Mutual Investors Fund, Touchstone Sands Select Growth fund and the T. Rowe Price Growth fund. Some investors and analysts said that a drop in aggregate fund ownership - in a period when Amazon's shares have been climbing - suggests that large-cap managers increasingly see the company as over-valued, particularly at a time when it is spending tons of cash branching off into everything from selling its own smartphone to producing a Woody Allen TV series. Reuters contacted the 25 mutual fund managers who sold the greatest number of Amazon shares over the last year, and none of them were willing to be quoted by name for this story. One fund manager who sold out of his position in the company over the last six months said: "This has the potential to be a phenomenally profitable company, but the shares are rallying on no new news, in our opinion, so we thought we might as well step to the side for a while.” This is not the first time that investors have bemoaned Amazon's predilection for plowing money back into expanding the company's reach rather than realizing it as profit. More »

  • China's smartphone makers bet on cricket, Bollywood to conquer India
    China's smartphone makers bet on cricket, Bollywood to conquer India Thu, Apr 23, 2015

    By Aman Shah and Aditi Shah MUMBAI (Reuters) - China's smartphone makers are drafting in cricket teams and Bollywood stars to conquer India, their largest overseas market and a key testing ground for their international expansion, as they try to rebrand as more than just sellers of cheap handsets. Xiaomi Technology - the fast-growing No.3 global smartphone maker valued at $45 billion (£29.98 billion) after a December funding round - hosted its first global launch outside of China in New Delhi on Thursday, unveiling its feature-heavy Mi 4i model that supports six Indian languages at 12,999 rupees ($205). "It speaks volumes to our focus on India, our intentions, and (is about) really putting our investment where we believe the future of the company is," Hugo Barra, Xiaomi's vice president of international operations, said. Manufacturers including Gionee, Huawei Technologies [HWT.UL] and Lenovo are trying out new retail strategies, marketing plans and research for devices in India, as they look to push into new markets. More »

  • New App Instantly 'Cleans Up' Your Facebook Account For Job Interviews
    New App Instantly 'Cleans Up' Your Facebook Account For Job Interviews Thu, Apr 23, 2015

    Clear roots out every offensive statement you’ve ever made, instantly More »

  • Cost of Galaxy's battle against iPhone on the rise
    Cost of Galaxy's battle against iPhone on the rise Thu, Apr 23, 2015

    By Se Young Lee SEOUL (Reuters) - Samsung Electronics has pulled out all the stops on its new Galaxy smartphones, but their modest prices compared to the latest iPhones throw an uneasy spotlight on the long-term cost of fighting Apple's premium branding. The 64-gigabyte model of the Galaxy S6 edge costs $290.45 to make, according to IHS Technology. For the price of producing 100 sets of this S6 edge model, Apple can make 121 sets of 64-GB iPhone 6 Plus, calculations by Reuters show. In 2010, when Samsung launched the Galaxy series and Apple unveiled the iPhone 4, their production costs were almost on par. More »

  • Ericsson's first quarter profit drops, says U.S. market remains slow
    Ericsson's first quarter profit drops, says U.S. market remains slow Thu, Apr 23, 2015

    By Sven Nordenstam and Olof Swahnberg STOCKHOLM (Reuters) - Telecoms equipment maker Ericsson reported a surprise fall in profits on Thursday as infrastructure spending by mobile network operators in its key North American market remained sluggish and fierce competition pressured margins elsewhere. While sales in China were up as build-outs of new networks there gather pace Ericsson's overall operating profits in the first quarter fell, weighed down by the lower margins in Asia. Ericsson, the market leader in mobile networks, said fast-rising data traffic would mean a further need for upgrades of network infrastructure in North America, where the build-out of top clients AT&T and Verizon's 4G broadband networks is now largely complete. More »

  • Apple tests smartwatch market with quiet debut of Cook's first product
    Apple tests smartwatch market with quiet debut of Cook's first product Thu, Apr 23, 2015

    By Yasmeen Abutaleb NEW YORK (Reuters) - The Apple Watch will launch with a whisper rather than a bang on Friday, an unusual start for the company that may reflect early uncertainty about demand for Apple Inc boss Tim Cook's first new product. Apple was unsure whether the watch would create the lines snaking around stores that the company has historically seen with its iPhones, said Gene Munster, an analyst at Piper Jaffray. "If they did it the old way and the lines weren't good, that's a bit of a problem." Demand turned out better than expected, according to Munster, who predicts more than 2 million watches will be sold in the quarter ending in June. "But it's a resounding yes." Now Apple faces the question of whether confused consumers will swamp Apple Stores on Friday. More »

  • Some Apple Watch buyers to get shipments sooner than expected
    Some Apple Watch buyers to get shipments sooner than expected Thu, Apr 23, 2015

    By Noel Randewich SAN FRANCISCO (Reuters) - Some Apple Watch buyers who thought they would have to wait until June to receive their new gadgets will get them sooner, Apple Inc said on Wednesday. When online preorders for Apple's first smartwatch started on April 10, many customers were surprised to see delivery times as far out as June instead of on April 24, when the devices officially go on sale. On Wednesday, Apple notified some buyers that they would not have to wait so long after all. "Our team is working to fill orders as quickly as possible based on the available supply and the order in which they were received," Apple said in a statement. More »

  • Some Apple Watches shipping sooner than expected Thu, Apr 23, 2015

    SAN FRANCISCO (AP) — Apple says some customers will be getting the new Apple Watch sooner than expected. More »

  • Nokia's maps unit draws further bidders - Manager Magazin Wed, Apr 22, 2015

    Nokia's maps business has drawn interest from potential buyers including Facebook and a consortium of German carmakers made up of BMW , Audi and Daimler , a German magazine reported on Wednesday. Citing people familiar with the matter, Manager Magazin also confirmed an earlier report that online taxi service Uber is looking at the books of HERE, Nokia's mapping unit, and that U.S. private equity firm Hellman & Friedman was also interested. Nokia is also trying to drum up interest from Apple Inc , Alibaba Group Holding Ltd and Amazon.com Inc , Bloomberg reported, citing people familiar with the matter. More »

  • Google launches its own mobile telephone service
    Google launches its own mobile telephone service Wed, Apr 22, 2015

    Google is launching its own US mobile wireless service, called Project Fi, only available by invitation for now, and only for the Google Nexus 6 smartphone More »

  • San Fran housing rent up a sizzling 14.8 pct. in 12 months
    San Fran housing rent up a sizzling 14.8 pct. in 12 months Wed, Apr 22, 2015

    WASHINGTON (AP) — Almost no one is moving to San Francisco to save money. More »

  • Review: Plenty of options for HBO online, not enough time
    Review: Plenty of options for HBO online, not enough time Wed, Apr 22, 2015

    NEW YORK (AP) — HBO Now, the cable channel's new stand-alone streaming service, is both a blessing and a curse. More »

  • Sony raises profit view as videogame sales herald turnaround
    Sony raises profit view as videogame sales herald turnaround Wed, Apr 22, 2015

    Japanese consumer electronics firm Sony Corp raised its earnings estimates for the second time in three months on Wednesday, citing higher than expected sales of video games and digital cameras. Sony said it probably made an operating profit of 68 billion yen ($569 million) in the year ended March 31, compared with 26.5 billion yen a year earlier. Sony is set to make its official earnings statement for the year on April 30. As part of its restructuring, Sony has spun off its TV business. More »

  • Assassin's Creed: Why Ubisoft's flagship franchise should be killed …
    Assassin's Creed: Why Ubisoft's flagship franchise should be killed … Wed, Apr 22, 2015

    It's time to stop making Assassin's Creed. For the sake of taste and restraint and all those decent things that Big Gaming consistently lacks, it's time to stop Assassin's Creed. It's not entirely fair to single out Assassin's Creed here – there are plenty of series that have continued far and beyond when they ought to have ended, like Halo, Call of Duty, Metal Gear Solid. Whilst browsing the internet just now I caught the headline 'Adrianne Palicki and Nick Blood in talks for Agents of SHIELD spin-off.' Agents of SHIELD, the TV series, is already a spin-off from the Marvel movie franchise. More »

  • Peugeot, IBM working to connect cars to shops and servicing
    Peugeot, IBM working to connect cars to shops and servicing Wed, Apr 22, 2015

    By Eric Auchard FRANKFURT (Reuters) - PSA Peugeot Citroen and IBM are working together to hook cars up to the Internet, going beyond mapping and infotainment to link vehicles up to shops, service networks and urban transport grids, the companies said on Wednesday. Financial terms of the new, seven-year partnership were not disclosed. The agreement to develop new types of valued-added services for vehicles builds on an initial partnership between the automaker and technology consultant announced a year ago. Software analytics from the car and tapping into smart grids of sensors on traffic signs and streetlights could help manage congestion and cut down on pollution, as well as feeding back to service networks for preventive car maintenance programmes. More »

  • Rolls-Royce appoints acclaimed technology executive as CEO
    Rolls-Royce appoints acclaimed technology executive as CEO Wed, Apr 22, 2015

    By Paul Sandle LONDON (Reuters) - Aircraft engine maker Rolls-Royce has turned to one of Britain's most successful technology executives, Warren East, to restore its fortunes after a year marred by falling profit, job cuts and cancelled orders. The British company's surprise announcement on Wednesday said that John Rishton would retire in July after four years at the helm and will be succeeded by the former head of ARM Holdings , Britain's biggest listed technology company. East, who has been a non-executive director of Rolls-Royce since January last year, was chief executive of ARM between 2001 and 2013, overseeing its expansion as a leading developer of microchips for the likes of Apple and Samsung . Shares in Rolls-Royce rose to an eight-month high in early trading, with JP Morgan upgrading the stock to "hold" from "underweight". More »

  • Sony raises profit view as higher sensors, videogame sales herald turnaroun …
    Sony raises profit view as higher sensors, videogame sales herald turnaroun … Wed, Apr 22, 2015

    Japanese consumer electronics firm Sony Corp on Wednesday raised its earnings estimates for the second time in three months, citing higher-than-expected sales of camera sensors and videogames. Sony said it probably made an operating profit of 68 billion yen (380.68 million pounds) in the year ended March 31, compared with 26.5 billion yen a year earlier. Sony is set to make its official earnings statement for the year on April 30. As part of its restructuring, Sony has spun off its TV business, and also plans split off its audio and video business as part of a new strategy to encourage greater autonomy of its subsidiaries. More »