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‘business’ Stories

Kickstarter raised nearly $100M for projects in 2011

, Jan 10th 2012 Discuss [1]

Kickstarter was huge in 2011 both for cool projects and of the amount of money it helped raise to kick off new projects for designers and inventors. Two of the coolest projects we saw on Kickstarter last year were the Twine device, which raised over $500,000, and the spnKIX wearable skate devices. Kickstarter had a lot more projects that took off thanks to the platform too. Read The Full Story

Apple moves in on business equipment through 2013 projects Forrester Research

, Jan 7th 2012 Discuss [8]

This week the folks at Forrester have released their Global Tech Market Outlook for both 2012 and 2013, and in this report it would seem that Apple is making such notable inroads on the computer equipment market over the next two years that they’ve rated them the industry’s biggest disruptive force over that time span. In addition, it would seem that this disruption is not only that sales will increase for Apple across such lucrative groups as global business and government purchases of personal computers, but that Wintel PCs and tablet sales in those sectors will begin to change negatively after two positive years of sales to these groups of computer buyers. Could this be the start of Apple taking the global business-based market that for so long has remained solely dominated by Microsoft?

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Steam Sales double – Again!

Valve disclosed their Steam sales in 2011 more than doubled the mark set in 2010, marking seven consecutive years of 100 percent growth. Can we stop with the cute "PC gaming is dying", and let the numbers speak for themselves? Steam sales are no where near slowing down based on this new information, and the number of simultaneous users surpassing the five million mark. PC gaming is thriving. Read The Full Story

Motorola estimates Q4 earnings, below expectations

, Jan 6th 2012 Discuss [3]

Motorola has released its Q4 2011 earnings estimate today, painting a not so upbeat picture for shareholders. The company warned that it will miss Wall Street expectations with only "modest profitability" on revenue for this past holiday quarter. The company attributed the results to tough competition and high legal costs in defending itself against the patent claims from Apple and Microsoft. Read The Full Story

Sony confirms Hirai not rising to President, not yet at least

, Jan 6th 2012 Discuss [0]

Earlier today the report was that Sony's Executive Deputy President Kaz Hirai was being lifted up to President, but as reports were not confirmed, so too did the report reflect - now Sony has reached out to the press to assure us all that this simply isn't the situation, but without a formal denial that it COULD happen in the future. The original report came from Japanese news service Nekkei which sited unnamed sources. This report is reinforced by a comment given to Bloomberg this past November which had Sony Chairman and Chief Executive Officer Howard Stringer noting he'd not be going anywhere any time soon. Read The Full Story

Apple expanding Target collaboration to mini-store outlets

, Jan 6th 2012 Discuss [3]

Thought Apple is already sitting pretty inside Target stores across the nation inside hyper-controlled displays which noone can touch, they've been tipped to be expanding to store-within-a-store inside the year. According to a source speaking with Apple Insider, Apple is planning on operating Apple-branded mini stores inside 25 larger Target stores throughout the nation later this year. Visitors of the 1,000+ Best Buy stores across the USA may already have noticed similar miniature Apple stores inside the warehouses there - this would be something very similar inside what your humble narrator so lovingly calls the Big Red Living Room. Read The Full Story

Verizon shipped 4.2 million iPhones last quarter

, Jan 4th 2012 Discuss [3]

During an event in SF, Verizon's Chief Financial Officer, Fran Shammo, revealed that the company had sold 4.2 million iPhones during the holiday quarter, reports Bloomberg. That number is more than double the 2 million iPhones the company sold in the previous quarter, when it was lagging behind AT&T, and also surpasses AT&T's all-time high of 4.1 million iPhones sold. Read The Full Story

Apple hires Adobe exec Todd Teresi to head iAd

, Jan 4th 2012 Discuss [0]

The long vacant spot as the head of the Apple's iAd mobile advertising division has finally been filled. According to Bloomberg's Adam Satariano, Apple has scooped up Adobe exec Todd Teresi for the position. Teresi was a VP and general manager of Adobe's Media Solutions division for the past nine months. Read The Full Story

Kodak prepares for Chapter 11 bankruptcy filing

, Jan 4th 2012 Discuss [0]

Eastman Kodak is preparing to file for Chapter 11 bankruptcy within the coming weeks, according to the Wall Street Journal. The company has been struggling to raise cash, which it needs to stay afloat and to transition into the printing business this year. In recent months, it has licensed its projector patents and sold its image sensor business unit, but apparently that hasn't been enough. Read The Full Story

Verizon axes $2 convenience fee upon possible FCC probe

, Dec 30th 2011 Discuss [4]

Verizon recently confirmed that it plans to charge its wireless customers a $2 convenience fee for certain methods of credit card payments, news that sparked immediate criticism from consumers. It has even caught the attention of the FCC, which now intends to take a closer look into Verizon's actions. And that was enough for Verizon to retreat on the plan altogether. Read The Full Story

Samsung, Sharp, and other LCD makers paying $553 million to settle price fixing claims

, Dec 27th 2011 Discuss [1]

LCD makers Samsung, Sharp and five other manufacturers have agreed to pay $553 million to settle a multi-state class action lawsuit accusing the companies of price fixing. The lawsuit alleged that the companies conspired to inflate prices for LCD displays used in TVs, notebook computers, and computer monitors between 1996 and 2006. Read The Full Story

Google’s Andy Rubin optimistic about Apple’s ITC win against HTC

, Dec 22nd 2011 Discuss [6]

Google's Android chief Andy Rubin is optimistic about the recent ITC ruling that found Android partner HTC in violation of two claims on one of Apple's patents. Rubin believes that the ruling marks the beginning of patent settlements that will lead to a "quick path to settling" the patent disputes currently being lodged against Android. Read The Full Story

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