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Tag - Market
Last week, Xiaomi CEO Jun Lei said that he expects the smartphone manufacturer to take the number one sales spot in smartphones over the next decade. Lei had a chance to emphasize his belief at the World Internet Conference in Wuzhen China, taking to a panel to accentuate the company's growth in smart devices. To do so, the Chinese company will need to overtake the number one and two companies Samsung and Apple, something that Apple Senior Vice President of Legal and Government Affairs Bruce Sewell believes won't be so "easy."
Earlier this week, technology research company Gartner released its projections for 2014 and 2015 computer sales, indicating that PC shipments would see a small loss from the previous year before seeing an uptick in 2015. The increase in shipments comes after a trend of declining sales, as consumers shift buying habits and hold onto PCs longer. As a result, the number of tablets shipped in 2015 are expected to surpass PCs for the first time.
DisplaySearch, a marketing forecast company, anticipates the notebook PC market to remain strong for the remainder of 2008 and into 2009, while other industries will struggle through the economic slump. Many customers have been replacing their desktop systems with notebooks, creating a trend that the analysis expects to continue. Another primary factor, the popularity of mini-notebooks, has been figured into the numbers. The company expects the mini devices to grow by 23 percent quarter to quarter and 38 percent year to year for the third quarter of 2008.
A decade ago, Apple was the subject of deathwatches and buyout rumors. Now, a CNN Money editor at large is suggesting that Apple could replace AIG in the Dow Jones industrial average. The New York Times is reporting that AIG (American International Group), a large insurance company, is seeking a $40 billion bridge loan from the Federal Reserve, in the face of a potential downgrade from credit ratings agencies that could spell its doom. CNN Money is reporting that AIG will have to sell its aircraft-leasing arm, International Lease Finance Corp, and possibly its annuities business and auto insurance unit to raise cash.
The first million iPhones to be sold have seen the most distribution in the United States, capturing over 600,000 units sold, with Japan, Germany, and France following closely behind, making up for 81-percent of the million. Medialets reveals that, while the device saw excellent market penetration in all markets (between 0.33-percent and 0.45-percent, with the US at 1.07-percent), Canadian wireless provider Rogers Wireless saw a mere 0.27-percent, most likely due to activation issues across the entire country at launch.
After posting its best July quarter, showing success in retail, international markets, and overall revenue, Apple said it had an excellent quarter with education as well, seeing 25-percent growth overall. The growth led Apple to call it its best ever, and noted that both Kindergarten to Grade 12 and Higher Education markets saw unprecedented increases, bringing them to all time highs. The increases are credited to Apple's most generous Back To School promotion yet.
Piper Jaffray analyst Gene Munster has put forth a set of expectations for Apple's Q3 earnings, due today after the US markets close. Munster believes that upside to Mac and iPod units may drive upside to the June quarter and is reiterating his Buy rating. While the street is expecting Apple to have shipped 2.2 million Macs in the quarter, Munster cites a buyside bias of 2.35 million units. He is also expecting shipemtn of about 10.5 million iPods, vs. the street consensus of 10.3 million.
Research firm IDC reports that worldwide PC shipments grew at 15 percent in the second quarter of 2008. The quarter also saw Apple roughly tie Acer in the US market, assuming fourth place and missing third place by only a few thousand units. Demand in the United States suffered from the ongoing economic pressure, with rowth in the low single-digits. Dell continued its recovery with another quarter of double-digit growth, while HP saw year on year growth rise from the first quarter. Portable adoption continues to be a key driver, even though consumer share is generally at its lowest during the second quarter.
In brief: Milliamp offers iPhone 3G battery replacement, FileMaker launches "Tell Us Your Bento Story" sweepstakes, New Aperture 2, Mac OS Security Tutorials, and Freeway 5.1.3 adds Simplified Chinese localization ... Milliamp has announced a battery replacement service for the new iPhone 3G. "Although the new iPhone won't hit the U.S. market until later this week, we wanted the world to know that we have the capability to replace the battery in the new iPhone 3G," said Anthony Magnabosco, the owner of the iPhone battery replacement service provider. Milliamp LTD has been offering battery replacement kits for practically every iPod model, as well as battery replacement services for the more difficult-to-open iPods for three years. Every iPod and iPhone has a lithium-ion battery, so over time, the battery will fail to hold it's original charge and will eventually have to be replaced.
Autodesk has acquired the assets of Green Building Studio (GBS), further consolidating the market for Mac-based architecture software. GBS' web service will soon join the Autodesk product family, while the GBS team will continue selling, training, and supporting architects as they use the GBS web service to design carbon neutral buildings today and in the future. Autodesk also plans to continue support for the Green Building Studio web service and carbon neutral building design training. The gbXML schema will remain an open industry standard, and the GBS web service will continue to be available to any other BIM software.
Now AAPL Stock: 93.92 ( + 0.22 )
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
Google prevails in UK street mapping case
Possibly setting the stage for other court battles in the UK, a High Court fight between Google and StreetMap.EU has concluded in Google's favor. StreetMap.EU claimed that Google's dominance in the field destroyed the 20-year-old firm's business, when Google started promoting its own service in search results over the older company's -- the judge disagreed. Commercial director Kate Sutton said after the judgment that "StreetMap has been frozen in time; because of what Google did, StreetMap has not been able to properly invest in the website since 2007." An appeal is planned. http://bloom.bg/1KKhECt
TestFlight updated for iOS, watchOS
Apple on Thursday updated its developer-oriented TestFlight software to version 1.3.2 for compatibility with apps being developed for iOS 9.3 watchOS 2.2, along with the usual "stability and performance improvements." Some developers, however, are still reporting some issues loading beta apps onto the watchOS 2.2 beta. The latest beta for developers was released on Monday, and is available through the App Store or Apple's developer portal. [3.60MB] http://apple.co/1PQ64pF
CBS: No recent streaming conversations with Apple
CBS CEO Les Moonves has made remarks, casting doubt on a launch of Apple's live streaming television service. In interviews this week, the executive said regarding negotiations with Apple that "we had conversations awhile back, and we haven't had recent conversations with them," adding that "the phone is always ringing" regarding similar services, but not with Apple on the line. http://cnnmon.ie/1PptJM6
Complex date setting bug crashes 64-bit iOS device
A serious bug has been spotted with iOS devices running iOS 8 or newer, with a 64-bit processor. If a user disables auto-check time, and manually sets the date of a device back to as far as it will go, then again to January 1, 1970, and finally rebooting, the iPhone is crashed, perhaps terminally. The bug affects the iPhone 5s and newer devices, running a processor from the A7 and up. Theories abound as to the cause of the crash, but the most credible seems to be a clock set to less than an arbitrary "zero" date, causing all manners of routines relying on the time setting to fail during startup. http://bit.ly/1TV6psS
Weber buys iDevices' iGrill, Kitchen Thermometer
Cooking gear manufacturer Weber is purchasing iOS accessory manufacturer iDevices iGrill and Kitchen Thermometer lines. As part of the purchase, Weber is working in parallel with iDevices to roll out a new version of the products, and associated apps, this spring. The terms of the deal were not disclosed. CEO of iDevices Chris Allen said that the transition will allow the company to "focus even more heavily on becoming a leader in the home automation market." http://bit.ly/1PFk3uZ
Vevo music video app launched for Apple TV
Vevo today announced its new native tvOS app for the fourth generation Apple TV. The new app allows users Siri Remote navigation for discovery of top videos by genre, or to search for individual artists and videos. Playlists generated on another device sync between all the iterations of the app. http://apple.co/1PFhxEU