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Apple CEO Explains Why the iPod Classic Was Discontinued

Oct 28 2014 1:24pm CDT | Source: ign

Apple CEO Tim Cook has explained the company's reasoning for discontinuing the iPod Classic. Speaking at the WSJD conference, Cook said that Apple simply could no longer get its hands on the necessary parts required to build the 160GB iPod Classic. According to The Verge, Cook went on to say that Apple felt it wouldn't be worth it to completely redesign the device. Talks of the discontinuation of the iPod Class ...
Full article at: ign
 

 

Apple Inc. And Alibaba Group Holding Ltd To Discuss Payments System Tie-Up

Oct 28 2014 7:03am CDT | Source: bidness etc

It seems Alibaba Group Holding Ltd (BABA) and Apple Inc. (AAPL) might soon be attending a “marriage” of their payments systems. Top executives from the two companies are expected to meet later this week to discuss a prospective partnership. The news of the potential development came as Alibaba’s Executive Chairman Jack Ma, and Apple’s Chief Executive Tim Cook spoke at the WSJD global technology conference yesterday. Speaking first, Mr. Ma said he hopes the two giants ...
Full article at: bidness etc
 

 

Latest stories

Amanda Bynes released from psychiatric facility
Los Angeles, Nov 1 (IANS) Troubled actress Amanda Bynes has been released from a psychiatric facility here. | by IANS
 
Ben Affleck broke Jennifer Lopez's heart
Los Angeles, Nov 1 (IANS) Singer-actress Jennifer Lopez says Ben Affleck was the first man to break her heart and admits that she didn't give herself enough time to "heal". | by IANS
 
Bob Dylan to release new album in 2015?
Los Angeles, Nov 1 ( IANS) Iconic musician Bob Dylan is reportedly set to release a new album in 2015. | by IANS
 
 

Carl Icahn Vs. Ralph Nader – What Will Apple Do?

Oct 27 2014 9:26am CDT | Source: bidness etc

Apple Inc.'s (AAPL) postman has been kept busy, as letters to CEO Tim Cook continue to flow. The latest one comes from the pioneer of modern consumer protectionism in the US, Ralph Nader. The letter calls for Apple to spend money to improve the working conditions of workers that assemble the company’s devices in China, rather than utilizing the funds on share buybacks. The letter, published by the Wall Street Journal, builds the case that an affirmative action is needed, by pointing to ...
Full article at: bidness etc
 

 

Apple Stock Trades At All-Time High: Sell Side Positive After Earnings Beat

Oct 23 2014 12:06pm CDT | Source: bidness etc

After posting upbeat earnings for the fourth quarter of its 2014 fiscal year (4QFY14), Apple Inc.'s (AAPL) stock crossed the $100 mark, to reach an all-time high of $105. The better-than-expected iPhone 6 sales (39.3 million units), compared to earlier estimate of 38 million, was the major catalyst for the positive quarterly results. This has translated into the company’s share price rallying– which was trading below $100 throughout last week – to its all-time high ...
Full article at: bidness etc
 

 

Apple To Open 25 More Stores In China

Oct 23 2014 7:44am CDT | Source: bidness etc

Apple Inc. (AAPL) Chief Executive Officer (CEO) Tim Cook continues to meet several high-profile individuals in China. In a recent interview to Sina Corp, Mr. Cook said Apple is planning to expand its presence in the country. The company plans to open 25 more stores in Hong Kong, Taiwan, and Mainland China, taking its total number of stores in the region to 40. Earlier, Apple had planned to increase its store count in the region to ...
Full article at: bidness etc
 

 

Will iPad Air 2 Revive Dwindling iPad Sales?

Oct 23 2014 6:50am CDT | Source: bidness etc

Sales of Apple Inc.'s (AAPL) iPads have continued to slide for the third consecutive quarter. They were down 13% year-over-year (YoY) to 12.3 million units, compared to the 14.1 million units sold in the same period last year. This has resulted in a drop of 14% YoY. The tech giant now hopes that the product refreshers –iPad Air 2 and iPad Mini 3– can help revive the segment's falling sales. The ...
Full article at: bidness etc
 

 

On Track Innovations Surges On Apple Pay Launch

Oct 22 2014 4:40am CDT | Source: bidness etc

On Track Innovations Ltd.'s (USA) (OTIV) stock surged as much as 9% in the last trading session, as investors drove up the price after the successful release of Apple Inc.’s (AAPL) payment system, Apple Pay. On Track Innovations specializes in developing cashless payment solutions, and its WAVE device can be used in tandem with older iPhones to make them compatible with Apple Pay; by default, full Apple Pay functionality is currently only available on the iPhon ...
Full article at: bidness etc
 

 

Analysts Don’t Agree With Carl Icahn's Valuation Of Apple

Oct 10 2014 2:20pm CDT | Source: bidness etc

Carl Icahn made the headlines yesterday. His letter to Apple Inc.'s (AAPL) Tim Cook and the company's board encapsulated several important points, including his valuation of Apple stock at $203. However, sell-side analysts view his estimates as "rather optimistic." Steve Milunovich, analyst at UBS AG (UBS), notes that although Apple's stock is undervalued, an estimation of $203 per share from Mr. Icahn is too high. He maintains a ...
Full article at: bidness etc
 

 

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Latest from the Network

Amanda Bynes released from psychiatric facility
Los Angeles, Nov 1 (IANS) Troubled actress Amanda Bynes has been released from a psychiatric facility here. Three days after a judge ruled that she needed to spend at least another month in the facility, Bynes asked...
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20 militants killed in Pakistan clash
Islamabad, Nov 1 (IANS) At least 20 militants and four security personnel were killed Saturday in a clash in Pakistan's federally administered Orakzai Agency, an official said. Three security personnel were also...
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Ben Affleck broke Jennifer Lopez's heart
Los Angeles, Nov 1 (IANS) Singer-actress Jennifer Lopez says Ben Affleck was the first man to break her heart and admits that she didn't give herself enough time to "heal". The 45-year-old, who got divorced twice...
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IS poses grave threat to Pakistan, says MQM chief
Islamabad, Nov 1 (IANS) Pakistan's Muttahida Qaumi Movement (MQM) chief, Altaf Hussain, has said that the Islamic State (IS) is the new threat to Pakistan, media reported. Addressing a press conference in Karachi via...
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Tectonic event led to burst of animal life during Cambrian Age
New York, Nov 1 (IANS) A major tectonic event may have triggered the rise in sea level and other environmental changes that led to the Cambrian explosion, the sudden burst of animal life 530 million years ago, showed a...
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Bob Dylan to release new album in 2015?
Los Angeles, Nov 1 ( IANS) Iconic musician Bob Dylan is reportedly set to release a new album in 2015. The 36th studio album will reportedly consist entirely of cover versions. The news of his new album started making...
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J.K. Rowling releases new Harry Potter story
Los Angeles, Nov 1 (IANS) Acclaimed author J.K. Rowling has written a new Harry Potter story and published it on her website, Pottermore. The author's latest work has been titled "Defence Against the Dark Arts Teacher...
Read more on Celebrity Balla
 
NASA's Mars spacecraft ready for test flight
Washington, Nov 1 (IANS) The US space agency National Aeronautics and Space Administration (NASA) has fully assembled the Orion spacecraft for a test flight Dec 4. Orion is scheduled to be launched aboard a Delta IV...
Read more on Business Balla
 
European Games opens ticketing sign-up page
Baku, Nov 1 (IANS) Baku 2015 European Games opened a sign-up page on its website to allow fans to register their interest in purchasing tickets for next summer's event. The website's sign-up page opened Friday night...
Read more on Sport Balla
 
Swiss authorities arrest three Iraqis
Geneva, Nov 1 (IANS) The Swiss authorities have confirmed that they have arrested three Iraqi citizens who are under suspicion of planning a terrorist attack in Europe. The office of the attorney general of...
Read more on Politics Balla