Updated:07/02, 8:05pm, EDT
macnn: tag: financial
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Carrier subsidies could bolster AAPL earnings

July 2 - 8:05pm EDT   Apple is expected to have a large boost to its revenue due to how profit from the iPhone 3G will flow, with some analysts predicting it would sell through between 35 and 40 million units by the end 2010, representing up to $4 billion for the company. CNN Money writes that while customers will pay around $200 less than the previous generation device, Apple still stands to make an extra $100 off each unit, due to larger subsidies with wireless carriers. [full story]

Apple, execs sued for fraud from backdating scandal

July 1 - 9:00pm EDT   A lawsuit was brought against several key Apple executives on Friday, accusing CEO Steve Jobs and several others of fraud, in relation to the stock option backdating scandal in recent years. According to a filing with the US District Court in San Jose, Jobs stands with former financial officer Fred Anderson, as well as Nancy Heinen, William Campbel, Millard Drexler, Arthur Levinson, and Jerome York, in addition to the company itself. [full story]

Virgin Mobile to acquire Helio and dissolve brand

June 25 - 1:20am EDT   Last reported in May, Virgin Mobile USA is set to absorb SK Telecom-owned Helio in a deal said to approach the former paying the Korean telecommunications firm almost $50 million, leaving SK holding 20-percent of company holdings. The Financial Times writes that the MVNO will dissolve its identity in favor of the more recognizable Virgin Mobile brand, and integrate its 200,000 users into Virgin's customer base of 5.1 million mobile users. [full story]

Fortune: who is next Apple CEO, Jobs' successor?

June 24 - 6:50pm EDT   With concerns about Steve Jobs' health surfacing again after his gaunt appearance at Apple's World Wide Developers Conference earlier this month, Fortune has put together a list of 11 possible successors -- all of them from inside the company. While Apple has said Jobs made a complete recovery from a rare form of pancreatic cancer following surgery in 2004, it hasn’t stopped widespread speculation in the media, and may be impacting Apple’s stock price. So, it’s not surprising that even the old media financial press is asking who could fill Jobs' shoes. At the top of Fortune’s list: Jobs’ right-hand man Tim Cook, Apple's Chief Operating Officer. [full story]

iBank 3.1 offers direct preview downloads

May 21 - 5:10pm EDT   IGG Software has announced iBank 3.1 the latest release of its personal and small business financial manager made exclusively for Mac OS X. Among the most important changes in the iBank 3.1 upgrade is the ability to preview direct downloads for matching transactions; users are alerted if a duplicate transaction has already been imported to iBank, or advised to proceed when no matching transaction is found. iBank's internal browser, which allows users to log in to online accounts without leaving the application, has been enhanced with improved page loading and more banks' websites available to users [full story]

Free music may cripple Nokia financially

April 28 - 6:35pm EDT   Nokia's "Comes With Music" program, offering those who purchase Nokia phones nearly unlimited free access to a large music database, could cost the company more than it would make. The Register writes that Nokia would be responsible for footing the bill for downloads that exceed the estimated limit of 35 songs per user, charged wholesale per unit. The move reportedly pressured Ed Averdieck, former Managing Director of Nokia Music, to leave his position. [full story]

Apple reports best second quarter ever

April 23 - 4:30pm EDT  Apple has announced financial results for its fiscal 2008 second quarter, ended March 29, 2008, posting revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $0.87 per diluted share, in the same quarter a year ago. Apple shipped 2,289,000 Macs in the most recent quarter, representing a 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The company also sold 10,644,000 iPods during the recent period, representing 1 percent unit growth and 8 percent revenue growth over the year-ago quarter. iPhone sales amounted to 1,703,000. [full story]

SplashMoney, SplashID 4 for Mac OS X debut

April 22 - 8:00pm EDT   SplashData has announced Mac OS X versions of its SplashMoney personal finance application and SplashID 4 secure password manager. Both applications synchronize with their respective mobile applications. The company also announced a standalone version of SplashMoney for Mac OS X for users that do not have a compatible mobile device. SplashMoney is personal financial manager that can securely record transactions, track account balances, generate reports and budgets, and manage finances. The tool supports most account types, including checking, savings, credit card, cash, asset, liability, and money market accounts. [full story]

iBank 3 adds iPhone, Leopard support, more

February 26 - 4:15pm EST   IGG Software today released iBank 3, a major update to its financial management application, adding support for the iPhone and Mac OS X 10.5 Leopard technologies. iBank for iPhone is a web-based iPhone application that allows users to enter transactions on their iPhone, and through .Mac, sync them to the desktop application on their home computer. IGG Software is selling iBank 3 through its website for $60, while current users can upgrade for $30. [full story]

Prospects 1.0 handles personal finances

February 22 - 11:20am EST   MotiMotion has released Prospects 1.0, a new personal finance application. One of its key features is said to be "ViewPoints," which track three different categories of information when viewing an account with transactions. These panels can be positioned at the side or bottom of the window, and contain sliders, which let users quickly change the timeframe being examined. [full story]

First Look: SplashMoney finance manager

February 12 - 10:00pm EST   When it seems like you're broke no matter how much money you bring in, it might be a good idea to start tracking your financial transactions. Unfortunately, this simple task can appear needlessly complicated by many financial managing programs that overwhelm you with too many features. To make it easy to control your finances, SplashData made SplashMoney, a simple financial management program that helps you record your income and expenses, create budgets, while making reports and charts of your spending habits. [full story]

SplashMoney unveiled as standalone program

February 11 - 7:05pm EST   SplashData is now offering a standalone computer version of SplashMoney, its financial tracking application originally designed to work in conjunction with a Palm handheld. SplashMoney offers users a simple interface, which supports most account types – checking, savings, credit card, cash, assets, liabilities, money markets, and lines of credit. Users can also connect to many different banking institutions, such as Bank of America, American National Bank, and Chase. New users can purchase SplashMoney for $20. [full story]

iBank 3 Public Beta adds iPhone support

January 31 - 5:50pm EST   IGG Software today released iBank 3 Public Beta, a trial version of its financial management application for Mac OS X 10.5 Leopard. The software includes iBank for iPhone, a Web-based iPhone application that allows users to enter transactions from an iPhone on-the-go. The update powers a redesigned interface with Mac OS X Core Animation technology, and a new view allows users to 'flip' through transactions presented professionally designed category images. iBank 3 Public Beta requires Mac OS X 10.4.3 or later, and the full version will ship in February for $50. [full story]

Yahoo lays off 1000, shifts business focus

January 29 - 11:25pm EST   Yahoo recently unveiled plans to remove 1000 of its 14,300 employees by mid-February to cut costs and to refine its focus on its major services. The New York Times reports that in light of its fourth quarter earnings, and a dismal forecast of future financials, layoffs will occur in unspecified areas of Yahoo's workforce. While the amount of employees laid off are many, the company said that it would be investing heavily in select areas of business, so individuals effected by the cutbacks are free to apply to the focus areas. [full story]

MoneyWorks gets better Leopard support

January 22 - 3:20pm EST   Cognito has released a new version of MoneyWorks Datacentre, the enterprise version of the MoneyWorks family of accounting products, which includes a plug-in for Mac OS X Leopard’s Quick Look feature and allows Apple's iPhone and iPod touch to communicate directly with MoneyWorks files. A Quick Look preview can be generated automatically whenever a MoneyWorks accounting file is saved, allowing the user to subsequently see a snapshot of the financials directly in the Finder in Mac OS X. As the preview is generated by a MoneyWorks report, the user can customize the information that is shown. [full story]
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