Apple working on Instagram equivalent?
Apple is set to release a major update to its cloud service, iCloud, that will include new features for sharing images and may be positioned to compete with Instagram, the social photography service that was recently acquired by Facebook for US$1bn in cash
Facebook mobilising for IPO
Facebook knows one of the biggest challenges it faces is monetising its mobile platforms and so it’s gradually overhauling them to do just that. When it originally filed its S-1 documents ahead of its listing on the stock market, Facebook conceded that its inability
Apple under pressure over iPad ’4G’ claims
The UK’s Advertising Standards Authority is investigating claims by Apple that its new iPad supports fourth-generation (4G) mobile networks. According to a report by the BBC, the regulator is concerned that Apple may not be complying with an agreement to amend claims about the tablet computer’s capabilities
Nokia to ditch luxury phone subsidiary
Troubled phone maker Nokia is attempting to unload its luxury mobile-phone brand, Vertu, for a reported $265 million (€200 million), the Financial Times is reporting. Nokia is being advised by Goldman Sachs on the deal and is currently in talks to sell the brand to private equity group Permira. For the baller
Mining asteroids: going platinum
Can reality trump art? That was the question hovering over the launch on 24 April, at the Museum of Flight in Seattle, of a plan by a firm called Planetary Resources to mine metals from asteroids and bring them back to Earth. It sounds like the plot of a film by James Cameron — and, appropriately, Cameron is indeed one of the company’s backers. The team
End of the line for Cable & Wireless
There is a certain Darwinian poetry in the fact that Cable & Wireless Worldwide, a remnant of a once mighty telecommunications empire based on telegraph wires and established in the 1850s, looks set to be eaten up by Vodafone, a contemporary telecoms industry giant born only in 1985. Even as late as 1999, C&W (CWW’s predecessor
Apple shares leap higher after blow-out earnings
Apple announced its second quarter earnings Tuesday, turning it US$39,2bn in revenue, beating analyst estimates of $36,8bn. The company raked in $11,6bn in net income. Year over year, Apple’s net profit increased by 94%. Last quarter, Apple announced $13,1bn in net profit, blowing Wall Street estimates out of the water
New iPad selling like hotcakes
Apple announced it has sold 11,8m iPads since the company debuted the tablet in early March. The number reflects a 151% increase over iPad sales during the same quarter a year ago. The company released its third version of the iPad this quarter, starring the new “Retina” display (2048-by-1536 resolution), which quadruples the amount of pixels packed
Facebook edges closer to 1bn active users
Facebook’s amended US Securities & Exchange Commission documents filed on Monday revealed the social network is bigger than ever — 901m monthly active users, to be exact. At this rate of acceleration (there were 845m active users just a couple weeks ago), Facebook will have 1bn monthly active users strong before you know it
With Ivy Bridge, Intel poses threat to Nvidia
Intel’s just-unveiled Ivy Bridge processor family promises faster processing power and better graphics, thanks to a massively-enhanced integrated graphics system. The news has prompted some analysts to say that Ivy Bridge could mean doom for manufacturers of dedicated graphics cards, such as Nvidia and AMD, because Ivy Bridge is just that
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