Category: "Business"

Apple Crushes Sales Expectations

On Tuesday, Apple announced that it beat sales records of the iPhone, iPad, and Mac in the final quarter of last year. The records include the quarter’s revenue of $46.3 billion as well as the net profit. The profit in 2011 of $13 billion is more than double what the company achieved in 2010. To [...]

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Clearwire partners with China Mobile to Improve LTE in U.S. and Asia

Clearwire and China Mobile have announced a partnership that will make devices running on Clearwire’s planned TD-LTE network in the U.S. operable with China Mobile’s TD-LTE network in Asia. Both companies have expressed a desire to use their unpaired spectrum holdings in the 2.5 GHz band for their network. But their equipment and devices lag [...]

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AT&T and T-Mobile Deal—Dead

On Tuesday, AT&T officially announced that it has decided to drop its bid to acquire Deutsche Telekom’s T-Mobile USA. AT&T’s Randall Stephenson and T-Mobile’s Rene Obermann both agreed that the costs of fighting for the deal were too high. Opposition has been mounting against the acquisition from U.S. regulators and several competing wireless companies. AT&T’s [...]

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Microsoft to Drop out of CES 2012

2012 will mark Microsoft’s last appearance in the Consumer Electronics Show. The biggest U.S. technology trade show starts on January 9th, and is expected to be one of the largest shows ever. Start-ups and industry giants alike will unveil their latest projects in Las Vegas. This year, the tech show will officially be called the [...]

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Verizon and Redbox Team up Against Netflix

Could the U.S.’s largest wireless company be thinking about a new partnership with DVD rental company, Redbox? Rumor mills have been running rampant with the news that Verizon could be teaming up with Redbox to launch a video streaming service to battle the likes of Netflix. Redbox’s DVD-renting kiosks have become somewhat like a permanent [...]

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RIM Stock Hits 8-Year Low

In a series of unfortunate events for Research in Motion, the latest is the news that RIM’s shares fell 11 percent Friday after the company announced its decision to delay its BlackBerry 10 release. After trading, RIM stocks ended at $13.44, which was down by $1.69. It’s the lowest the company has ever seen in [...]

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Nokia Brings $50 Lumia 710 Smartphone to U.S. in January

Nokia Corp. is digging in its heels and climbing back to the top on the list of mobile phone manufacturers. The company is coming back with a bang with a new smartphone powered by Microsoft’s latest Windows software. The Lumia 710 is reported to go on sale in the U.S. for $50 after a two-year [...]

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Mobile Technology Used to Nuke Local Businesses

On December 10th, Amazon.com is offering customers a five percent (up to $5) discount on items if they check prices of those items as sold at local businesses. Using the Amazon Price Check app on Android and iPhone, customers receive the 5 percent discount on up to three items scanned in any brick-and-mortar store. Critics [...]

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Apple, Samsung, HTC, and others Facing 8+ Lawsuits

Three more law firms filed a class action lawsuit in Delaware late last Friday. According to federal court records, this brings the total to eight cases against Apple, Carrier IQ, and others over privacy issues related to logging software. The list of defendants include hardware manufacturers HTC, Samsung, and Motorola, and carriers AT&T, Sprint, and [...]

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Dropped Call to Cost AT&T $4 Billion

AT&T has withdrawn its application to the FCC to approve the transfer of wireless spectrum licenses from T-Mobile. Stating it wants to focus on the current antitrust battle with the Department of Justice. Will Draper, analyst with Espirito Santo, says;  “It tells us something about timing too, suggesting that AT&T may decide to walk away [...]

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