San Francisco: Apple Inc on Tuesday bowed to investors' demands to share more of its $145 billion cash pile, while posting its first quarterly profit decline in more than a decade. The new expanded capital plan includes issuing debt for the first time to fund $100 billion in share repurchases and higher dividends until the end of 2015. That doubles the amount from a program set up last year and...
09:44 AM, Apr 24, 2013
New York: Apple is opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders by the end of 2015. At the same time, the company said revenue for the current quarter could fall from the year before, which would be the first decline in many years. Apple CEO Tim Cook also suggested that the company won't release any new products until the...
08:37 AM, Apr 24, 2013
Washington: Apple Inc scored a win on Monday when the US International Trade Commission ruled that it did not violate a Google patent to make the popular iPhones. Apple had initially been accused of infringing on six patents for iPhone-related technology covering everything from reducing signal noise to programming the device's touchscreen so a user's head does not accidentally activate it while talking on the phone. If Apple had been...
10:06 AM, Apr 23, 2013
Seoul: LG Display Co Ltd reported its smallest profit since it returned to the black in the second quarter of last year, as demand for iPhone and iPad screens from Apple weakened amid concerns the US company is losing its luster in the mobile device market. Apple Inc, which analysts say provides about 30 per cent of LG Display's revenue, is facing intensifying competition from Samsung and up-and-coming rivals. A...
04:33 PM, Apr 22, 2013
Seoul: Google's app store revenues are growing much faster than those of Apple Inc, but Apple still dominates overall sales, market research data taken from the first three months of the year shows. The app stores collectively raked in $2.2 billion in the first three months of 2013, according to Canalys, a market researcher. The firm says Apple's App Store generated $1.48 billion of revenue, accounting for 74 per cent...
12:38 PM, Apr 22, 2013
Tokyo: Apple Inc marketing chief Phil Schiller let slip during last August's courtroom battle with Samsung that when setting forecasts for new iPhones, the inside joke was that people should assume sales would equal all previous versions combined. That quip, uttered in front of Samsung Electronics Co Ltd's trial lawyers and the media, no longer rings true as Apple appears to be losing a once vice-like grip on its supply...
10:12 AM, Apr 22, 2013
New York: US stocks fell in a broad market selloff on Wednesday, led by a sharp drop in Apple shares on worries about slowing demand for its products and weaker-than-expected results from Bank of America that battered the financial sector. Apple Inc slid 5.5 per cent to $402.80 after falling below $400 for the first time since December 2011. A key supplier, chipmaker Cirrus Logic , gave a disappointing revenue...
04:23 AM, Apr 18, 2013
San Francisco: Amazon.com Inc has grabbed more than a fifth of the market for digital music downloads, helped by the launch of its own tablet computers and aggressive pricing, according to an industry study released on Tuesday. AmazonMP3, the online retailer's digital music business, had 22 per cent of the market for music downloads in the United States in last year's fourth quarter, research firm the NPD Group said in...
12:48 PM, Apr 17, 2013
New York: Facebook has updated its iPhone and iPad applications to let people keep using its chat feature even when they are doing other things, such as reading friends' updates. Facebook also said Tuesday that it's bringing its "chat heads" feature to its Apple apps. It's called chat heads because friends' profile photos pop up when they send you a message. Chat heads is part of a broader integration that...
08:13 AM, Apr 17, 2013
Earlier today, the Wall Street Journal was reporting that Foxconn, Apple's trusted manufacturing partner, is stepping up hiring as the production schedule for the iPhone 5S kicks in. The company has added more than 10,000 assembly-line workers per week since late March at their Zhengzhou production facility for iPhones. And now DroidGator has got hold of images of the 5S's alleged motherboard which features a new processor dubbed A7. The...
03:27 PM, Apr 16, 2013
Tokyo: Japan Display Inc, one of two Japanese producers of Apple Inc iPhone screens, wants to boost sales by up to 60 per cent by winning more business from smaller makers of phones and tablets to offset lackluster orders from its bigger clients. Japan Display, the world's No.1 maker of small to mid-size panels, may increase sales to as much as 800 billion yen ($8.10 billion) for the fiscal year...
03:59 PM, Apr 15, 2013
New Delhi: If a new report from The Verge is to be believed, Microsoft is working on a touch-enabled smartwatch and has asked Asian suppliers to ship components for the device. However, Microsoft has refused to comment on the rumours. "Microsoft researcher Bill Buxton spoke at length on the 37-year history of smartwatches last month, possibly foreshadowing a return to the market," said The Verge. It seems that all the...
11:14 AM, Apr 15, 2013
Lucknow: Pushed on the backfoot after "strong political reactions" from New Delhi, the Uttar Pradesh government on Friday restored 24x7 power supply to Rae Bareli and Amethi - parliamentary constituencies of Sonia Gandhi and Rahul Gandhi. While the Uttar Pradesh Power Corporation Limited (UPPCL) had confirmed on Thursday that power cuts had been effected in the two VIP districts owing to acute power shortage, it now says that power rostering...
09:20 AM, Apr 13, 2013
Nagpur: Former Bharatiya Janata Party chief Nitin Gadkari on Friday claimed that a "senior leader" of the UPA-II wanted his support to topple the Congress-led alliance government in New Delhi. "The UPA leader who had approached was capable of bringing down the government. However, after that, the kind of assurances which they wanted, we were not in a position to give," Gadkari contended. Gadkari added that he had outrightly rejected...
05:58 AM, Apr 13, 2013
Lucknow: Uttar Pradesh has ended 24x7 power supply to Amethi and Rae Bareli, represented in Parliament by Rahul Gandhi and Sonia Gandhi, indicating a rift between the Samajwadi Party and the Congress. The move was taken by the Uttar Pradesh Power Corp Ltd, officials said on Friday. The nine-month-old decision to provide round-the-clock electricity to these two places was revoked late on Thursday, after which power went off for more...
09:09 PM, Apr 12, 2013
Taipei: Hon Hai Precision Industry, the main manufacturer of Apple products, posted a 19 per cent decline in sales in the first quarter compared with a year earlier, hurt by disappointing demand for the iPhone. From January to March, Hon Hai's sales totaled T$808.97 billion ($26.96 billion), down from T$988.34 billion in the fourth quarter and T$1 trillion in the first quarter last year. "A quarterly decline was expected, but...
12:44 PM, Apr 11, 2013
Mumbai: Citing sources close to Taiwan-based supply chain companies, a DigiTimes report states that the production of the upcoming fifth-generation iPad will begin in July-August 2013. The source, however, said that the "yield rates" for important parts of the 9.7-inch tablet, especially the touch panels, could be "a major concern for smooth production." The sources said the iPad 5 will be thinner and lighter than the iPad 4 and is...
02:56 PM, Apr 10, 2013
Panaji: It is okay to slap government officials who do not work efficiently, according to Goa Civil Supplies Minister Dayanand Mandrekar. Mandrekar made the remark on Monday during a debate on civil supplies in the ongoing budget session of the state legislative assembly. "Sometimes officials do not do any work properly and do not listen too. Then like he (Mickky Pacheco) said, they should be slapped," Mandrekar said. Goa Vikas...
11:15 AM, Apr 09, 2013
New Delhi: Increasing renewable energy supply requires a favourable policy environment which can encourage private investment, New and Renewable Energy Minister Farooq Abdullah said in Delhi on Monday. "In fact, in India much of the renewable energy development - especially that which is grid-connected - has taken place with private sector investment. "There are issues such as effective integration of renewable energy in the grid, use of smart grids, and...
12:47 AM, Apr 09, 2013
Washington: Samsung Electronics Co Ltd infringed a key portion of an Apple Inc patent by including a text-selection feature in its smartphones and tablets, an International Trade Commission judge said in a preliminary decision. South Korean-based Samsung did not infringe portions of a second Apple patent that allows a device to detect if a microphone or other device is plugged into its microphone jack, the judge said in a decision...
04:08 AM, Apr 07, 2013
