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Tag - Financial
Samsung Electronics announced financial results for the fourth quarter that ended December 31, 2015. Samsung posted 53.32 trillion won ($44.4 billion) in consolidated revenue, seeing profits from the quarter fall to 6.14 trillion won ($5.1 billion) from the previous quarter's 7.39 trillion won ($6.2 billion). The company pins global economic headwinds, a sharp fall in oil prices, and "softer demand" for PCs for the fourth quarter's lowered earnings from the previous quarter.
Barclays, one of the last major banks and financial institutions in the United Kingdom that still does not offer Apple Pay to its customers, now aims to begin supporting the mobile payments service in the next few month. An email sent from an executive at the bank to a customer advises it is still holding to its previous claim of a launch early this year, and anticipates it will do so "within the next 60 to 75 days."
A total of 968 US financial institutions (not counting two store loyalty cards, Kohl's and BJ's Wholesale Club) are now issuing cards supporting Apple Pay, according to an update on Tuesday to Apple's partner list for the mobile payment technology. Another 55 banks and credit unions were added in Friday's update, though Apple has recently been focused on expanding the international reach of Apple Pay through deals with American Express and UnionPay in China.
Verizon Communications today reported its fourth-quarter 2015 earnings, as well as its annual report. For the quarter, the company posted earnings of $1.32 per share, as compared to a $0.54 loss in the fourth quarter of 2014. For the full year, Verizon reported $4.37 in earnings per share in 2015, compared with $2.42 in 2014. Perhaps more importantly for the company, its wireless customer base continues to grow, with 1.5 million customers added in the last quarter alone
A total of 913 US financial institutions (not counting two store loyalty cards, Kohl's and BJ's Wholesale Club) are now issuing cards supporting Apple Pay, according to an update on Tuesday to Apple's partner list for the mobile payment technology. Another 58 banks and credit unions were added in Tuesday's update, though Apple has recently been focused on expanding the international reach of Apple Pay through deals with American Express and UnionPay in China.
Another 66 banks, credit unions, and financial institutions have been added to Apple's US Apple Pay partners list, bringing the total (including two store-issued cards, Kohl's and the newly-added BJ's Wholesale Club) to 857 partners listed on the Apple Pay site. Starbucks and some other merchants have already announced plans to add their virtual loyalty or discount cards to Apple Pay and the Wallet app for iOS sometime next year, and American Express has recently begun expanding support for its cards to other countries.
Apple on Wednesday added another 40 US banks and credit unions to its list of supporting financial partners and card issuers, bringing the total for the United States to 792, and the worldwide total cracking 800 for the first time, at 809 (American Express in each country is counted as a separate entity, and the single supported store loyalty card, Kohl's is included in the US total). Despite this, a new study by InfoScout shows that usage of Apple Pay dropped by nearly 50 percent on Black Friday.
Apple has confirmed deals with 94 further banks in the United States to support Apple Pay. New additions include the Farmers State Bank, Northeast Credit Union and the Acme Federal Credit Union. Including today's addition of two more UK banks, this brings the worldwide total to 786.
Following up on an earlier story, card issuer and financial services giant American Express has confirmed that it will launch Apple Pay support for its cards in Canada tomorrow. The move, an end-run around "dragging" Canadian banks, will bring official compatibility to Amex-issued cards in the country. Apple Pay already works widely in Canada, due to more than 70 percent of merchants having NFC-compatible contactless card readers at POS terminals, but was limited to cards issued by US financial institutions until now.
Two weeks after its last update, Apple has again updated its Apple Pay partner web page to add another 54 US financial institutions, bringing the total to somewhere around 658 banks, credit unions, and other card issuers that now offer cards supporting Apple's mobile payment technology.
Now AAPL Stock: 93.99 ( + 0.29 )
Apple to open R&D center in India
A new report says that Apple will be opening a new technology center in Hyderabad, India, helping to boost the city's growing reputation as a tech center. The facility would operate within the WaveRock facility, and create 4,500 new jobs at a cost of around $25 million. In 2015, India surpassed the $1 billion in yearly sales milestone, and Apple has recently received permission to open retail stores in the country under its own control, an exception to rules that usually block foreign ownership. http://zd.net/1SMBVu4
Google killing Picasa starting May 1
Google Photos head Anil Sabharwal confirmed in a blog post today that the search engine giant will be shutting down acquisition Picasa. Support and downloads for the desktop application will terminate on March 15 with the application continuing to work for the time being. The transition to Google Photos truly commences on May 1, with deprecation of some Picasa API calls happening shortly thereafter. Users that have Google Photos access will find their photos already migrated. A mass-download tool for users not wishing to use Google Photos will be available sometime after May 1. http://bit.ly/1SmV2KH
Rogue Amoeba Piezo updated, departing App Store
In order to continue working on audio capture tool Piezo, developer Rogue Amoeba has simultaneously updated the app to version 1.5, and announced that it will pull version 1.2.6 from the Mac App Store. Customers who own the Mac App Store version have a one-time migration process to the Rogue Amoeba-served version. The company notes that the sandboxing restriction placed on Mac App Store versions "effectively stopped our ability to upgrade Piezo in any meaningful way." [8.80MB] http://bit.ly/1PIjz7l
FCC spectrum auction will happen without Google
After throwing its hat in earlier, Google (and associated companies) has declared that it is not participating in this year's FCC spectrum auction. A company spokeswoman said of the auction that "like all those interested in improved connectivity and equitable access, we'll be following the upcoming spectrum auction closely. That said, we have not filed to participate." http://on.recode.net/1oy5LWk
iPad Air 3, iPhone 5se sold Friday after launch?
Reverting the way products are actually released by Apple after an announcement to the way it was a decade ago, reports are circulating that new products revealed at a March announcement will go on sale the Friday immediately following the unveil. Slated to appear at a conjectural Tuesday, March 15 event are a new Apple four-inch phone with more up to date internals currently referred to as the iPhone 5se, and a new iPad Air 3 model with Smart Connector and other enhancements. http://bit.ly/1o7mqiY
Lexmark prevails in toner import appeal
Printer manufacturer Lexmark has won an appeal on the third-party US resale of its printer cartridges originally destined for markets outside North America. The appeals court ruled in a 10-2 vote in favor of Lexmark's demand to stop the sale and against Impression Products, both on the toner cartridge resale matter, as well as a related matter regarding overturning the reseller's refilling one-use cartridges and selling those in the US market. The ruling has ramifications in the tech industry, as well as the pharmaceutical and medical technology markets. Impression Products promises an appeal before the supreme court. http://reut.rs/1SLVmmG
AT&T expands BOGO promo to iPhone 6s
Beginning today, new and existing AT&T customers can purchase a new iPhone 6s and get another one free when adding a second line. Over the weekend, customers must purchase two phones through AT&T Next (one can be an existing number), and add both phones to a qualified plan. AT&T notes that "after three bill cycles or less" the account will start to receive up to $650 spread out over 30 monthly bill credits to offset the cost of the installment plan for the phone. Taxes are due at time of sale. http://soc.att.com/1SLUP4k