Tag - Auction
Former Apple manufacturing partner and sapphire crystal furnace manufacturer GT Advanced Technologies may soon be able to emerge from bankruptcy, following the filing of a new plan with the court that would see $60 million in new debt and $20 million in preferred stock put up by lenders early next year -- however, the plan does not include any compensation for shareholders or other investors. Under the proposal, ownership of the company would be transferred to creditors, which may still include Apple.
A painting by Andy Warhol based on an early Macintosh ad from 1985 will go on auction at Sotheby's in New York City in just over a week, with an opening minimum of $280,000 and an expected estimate of between $400,000 and $600,000 for a final purchase price. Warhol, who once met Steve Jobs (and received a brief tutorial on how to draw on the original Macintosh) when the Apple co-founder was installing a machine at John Lennon's house, painted the six-color Apple logo as part of the illustration.
Bonhams in New York City will auction another rare, fully-working Apple I computer said to be in "fantastic" condition in October, said to be one of the first 50 hand-constructed by Steve Wozniak and one of only six or seven units known to still be functioning. A number of the few remaining working units have been turned over at auction in recent years: Bonhams is expecting to fetch $500,000 or more for this latest unit, but others have sold for much more.
Apple plans to open at least three new stores in time for the retail debut of the Apple Watch -- though it is unclear if any of the stores will actually have Watches to sell, as the company has switched to an online pre-order system only ahead of the debut date. The stores will open in Hangzhou, China; Miami Beach, Florida; and Sao Paolo, Brazil. The latter two have already been officially announced for April 24 by Apple. Of these, Brazil is the only new store not to be part of the first wave of countries receiving the Apple Watch.
For the third year running, there is an opportunity for a winning bidder to have lunch with Apple CEO Tim Cook, thanks to a Charitybuzz online auction. The lunch data and a pair of VIP tickets to one of Apple's future keynote events are on auction to raise money for Cook's preferred charity, the Robert F. Kennedy Center for Justice and Human Rights. Last year, a similar auction raised $330,000 for the center. Current bidding, with 21 days to go, is $37,500.
Ian Rogers, who was previously the CEO of Beats Music and is still running the service now that it's at Apple, is auctioning a private lunch date in either Los Angeles or Cupertino as part of a charity fundraiser for The Pablove Foundation, a pediatric cancer research nonprofit. The auction, which is being run through Charitybuzz.com, estimates the value of the lunch at $3,000 but is of course hoping to raise much more.
The Federal Communications Commission (FCC) announced that it is delaying the upcoming 2015 incentive spectrum auction until at least early 2016. In a post from Gary Epstein, the chair of the FCC's Incentive Task Force, he said that recent court filings by broadcasters are causing the agency to push back the auction for spectrum previously assigned to television broadcasts.
The National Association of Broadcasters (NAB) has filed a petition with the United States Court of Appeals for the District of Columbia Circuit, seeking a review of the Federal Communications Commission's (FCC) 2015 spectrum auction. In the filing, the NAB states that the FCC isn't taking the proper precautions to protect broadcasters that choose to retain their spectrum. According to the NAB, an updated methodology the FCC is using will result in a loss of coverage area for remaining broadcasters.
A US District Court judge in Washington state issued a restraining order yesterday, placing a temporarily restriction on the bitcoins.com domain from being auctioned off. Yesterday, Tibanne KK, the company owned by former Mt. Gox CEO Mark Karpeles, was ordered to account for and hold all assets. The order stems from a legal issue between CoinLab and Mt. Gox dating back to 2013.
Apple is known for making history by inventing the future, but even its designer could not have predicted a new record shattered on Saturday as a special one-off red version of the new Mac Pro (which is not officially available for sale yet) was sold at a charity fundraising auction for $977,000 -- an all-time record for the priciest personal computer ever made or sold. A couple of other items also designed by Sir Jonathan Ive of Apple and designer Marc Newson also fetched record sums.
Now AAPL Stock: 93.4 ( -2.7 )
WhatsApp now handles over 100M calls daily
WhatsApp is celebrating that it is being used for over 100 million calls every day. In a brief notice, the Facebook-owned messaging platform advises the voice-calling feature it rolled out to its users last year now deals with an average of over 1,100 calls initiated per second. Earlier this year, it increased the security of its calls and other messages, by introducing end-to-end encryption on all platforms. http://bit.ly/292HqCX
Adele's '25' album now streaming
Recording artist Adele has "pulled a Kanye" after saying that her current album "25" would not be available for streaming. The seven-month-old record, which has yielded a number of hit singles, is now available for streaming on all the major streaming services, such as Apple Music and Spotify, as of today in most major markets, with worldwide distribution to come. Reportedly, the singer had demanded streaming be limited to paid subscribers -- a condition that has hurt some streamers with artists, who aren't paid royalties for free or trial listens . Apple pays performers its normal royalty rates during its free trial, avoiding the issue -- and having repeated success in both signing up exclusives and placing those exclusives into the top of the charts. http://ti.me/28U7NOu
SanDisk iXpand case has battery, storage
A new iPhone 6 and iPhone 6s case from SanDisk appears to be the "holy grail" of accessories: a stylish and protective case that offers both extra storage as well as the option of extra battery power as well. The iXpand Memory case offers either 32GB, 64GB, or 128GB of additional storage incorporated into the case, and an optional add-on battery pack (sold separately) adds up to an extra day or more of charge. Through the associated iXpand app, camera photos and videos can be automatically stored on the extra storage, optionally password-protected, The cost for the case is (in order of storage capacity) $60, $100, and $130. The battery pack's release data has not yet been announced, but the add-on should retail for an additional $30. http://bit.ly/291epHu
Fifth Hong Kong store to open June 30
The 46th official Apple store in what the company calls the "Greater China" region will open at 10AM local time in Hong Kong's New Town Plaza in the Sha Tin district on Thursday, June 30, according to a new page on Apple's retail website. Despite slowing growth due to economic turmoil in China, the country is still Apple's fastest-growing market. The new story will be the fifth for Hong Kong, a lucrative market for Apple thanks to the high concentration of wealth there and a thriving "gray" market. Normal store hours for the new store will be 10AM to 10PM every day. http://apple.co/291diaT
Apple Music bug bites very short songs
There appears to be a reproducible bug in the current version of iTunes -- version 12.4.1, running on OS X 10.11.5, both the current non-beta versions of the respective software -- that causes a streamed song to become "stuck" in endless buffering if the streamed item just before this happened was 60 seconds or less in length. The problem appears to stem from code in iTunes that signals the next track to start downloading one minute before the currently-playing track is done, and thus songs shorter than one minute don't trigger the download. Locally-stored music is unaffected by the bug, and the problem does not appear to exist in either the macOS Sierra developer beta or versions of iTunes earlier than 12.4, and does not affect the iOS Music app at all. http://bit.ly/291cN0l
Walmart Pay expands to 15 states
Walmart, one of the key progenitors of the failed CurrentC mobile payment system that was distinguished from Apple Pay by its ability to collect and share customer financial and buying data among its participants, has expanded the soft rollout of its alternative solution "Walmart Pay" to an additional 15 US states following a pilot program in Arkansas and Texas last month. Walmart continues to resist adding Apple Pay. The system, built into the Walmart app for iOS and Android, works with a complicated system of the camera scanning a purchase code at the register, then generating a QR code which is then scanned by the register. The system is available now in Alabama, Georgia, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, South Carolina, South Dakota, Tennessee, Virginia, and Washington, DC. http://apple.co/28SqZfu
Amazon refreshes entry-level Kindle
Amazon has added a new Kindle to its ebook reader range, one that is thinner and lighter than the previous entry-level model. Offering a six-inch 167-dpi touchscreen display, a doubled 4GB of storage, and an option for a white casing, the new model also adds in the ability to export highlights and notes to an email account as a PDF. Two versions of the all-new Kindle are available, priced at $80 including "Special Offers" and $100 without. http://amzn.to/28Q4c3R