Partying like it’s 1999
It’s like 1999 all over again. On Monday, Facebook announced it was buying photo-sharing company Instagram for US$1bn, netting the start-up’s cofounder, Kevin Systrom, a cool $400m. It’s paying over the odds, but the deal makes sense for Facebook ahead of its flotation on the stock market. At first glance and based on the
Apple market cap reaches $600bn
Remember that time in the 1990s when Apple was almost bankrupt and in disrepair? Take note, Yahoo, Apple’s market capitalisation reached the US$600bn mark on Tuesday, the second company in the world to reach the milestone. Apple reached a high of $644/share, reaching a market cap that continues to put space between
Tablet sales forecast to continue soaring
Consumers the world around have fallen so hard for the charms of tablets that sales are expected to balloon by 98% this year. Research firm Gartner forecasts that tablet sales will reach 118,9m units this year, up from 60m units in 2011. The firm also pegs tablet sales at 182,4m units in 2013 and 369,2m units in 2016
HTC: the mobile brand from nowhere
“Ideas so simple,” reads a cartoon on an elevator door, “that they feel like the completion of a thought,” continues its twin. Similar doodles adorn the walls of HTC’s headquarters in Taoyuan, near Taipei, and business cards carried by the smartphone-maker’s staff. John Wang, the chief marketing officer, lays out a set of four: concentric
Ashton Kutcher to play Steve Jobs in biopic
Take a moment to digest this news: Ashton Kutcher, he of That ’70s Show,Dude Where’s My Car?, and now Two and a Half Men fame, is reportedly attached to play the late Apple co-founder Steve Jobs in an upcoming biopic. The indie film will simply be titled Jobs, according to Variety’s Jeff Sneider. Shortly after
iAudit: Apple checks in on Foxconn
Is it possible to run an ethical supply chain? After the publication on 29 March 2012 of the first independent audit of the factories Apple uses in China, the iconic consumer electronics giant has definitely become the test case for whether multinationals can put an end to labour abuses. According to the long-awaited report, which is considered one
Knott-Craig hints iPhone coming to Cell C
Alan Knott-Craig, who takes the helm at mobile operator Cell C next Monday, hinted strongly on Wednesday that the operator will begin offering Apple’s iPhone to its subscribers within the next few months. Until now, the iPhone has only been available through MTN and Vodacom
Alan’s next chapter
On Monday, Alan Knott-Craig will move into his new office at 150 Rivonia Road. Expectations among industry players and consumers alike about his looming tenure at the helm of Cell C are running high. Can the man who built Vodacom turn the smaller operator
Apple to hand back billions to shareholders
Apple on Monday finally offered up some plans for its nearly US$100bn war chest, and it’ll almost certainly please the company’s shareholders. The company announced that it will initiate a quarterly dividend of $2,65/share beginning the fourth fiscal quarter (beginning 1 July), as well as a $10bn share repurchase programme
Microsoft: the empire strikes back
The third generation of Apple’s hugely successful iPad went on sale on Friday. Hordes of eager fans queued outside their local Apple Store, Best Buy, Radio Shack, Walmart and other outlets to be among the first to lay their hands on the latest and greatest version of the iconoclastic tablet computer. Apple is geared up to sell millions during
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