Shares of Apple this week have been on an absolute tear. Over the past few days, Apple's share price has steadily increased, reaching new all-time closing and intraday highs day after day.
24 September 2010
30 April 2010
Samsung Q1 net profit surges to record high
Samsung Electronics said net profit surged more than six-fold in the first quarter to a record high on strong demand and higher prices for memory chips as well as increased sales of mobile phones and flat screen televisions.
Samsung earned 3.99 trillion won ($3.59 billion) in the three months ended March 31, the company said Friday. It recorded net profit of 582 billion won the year before.
The latest figure was an all-time high for the company, said spokesman Jason Kim, surpassing 3.81 trillion won in the third quarter of last year.
The company also said sales in the first quarter totaled 34.64 trillion won. That was 20.8 percent higher than the 28.67 trillion won reported a year earlier.
Samsung Electronics Co. is a major force in the global technology industry, ranking as the largest manufacturer of computer memory chips, flat screen televisions and liquid crystal displays. It also stands No. 2 globally in mobile phones behind Finland's Nokia Corp.
Samsung said in a release that sales in its semiconductor business jumped 57 percent to 8.2 trillion won in the first quarter. The company said tight supply and strong demand caused prices for DRAM, or dynamic random access memory, chips to rise. DRAM are used mostly in personal computers.
The company also cited steady demand for NAND flash memory chips in line with consumer purchases of smart phones and mobile application products. NAND are used in devices such as digital cameras, music players and smart phones.
"Strong demand for mobile products continued despite weak seasonality," Samsung said in presentation materials for investors.
In mobile phones, Samsung sold 64.3 million of the devices in the first quarter, up 40 percent from the year before. It predicted demand will increase in the current second quarter in line with the global economic recovery.
The company also sold 8.4 million flat screen TVs in the first quarter, an increase of 47 percent from the year before. Samsung said it expects demand to grow 34 percent in the second quarter.
"In the TV business, we launched aggressive marketing activities focusing on 3D TV as well as LED TV," Robert Yi, Samsung's head of investor relations, told analysts on a conference call. "As a result, our shipment and profit margin improved significantly year on year."
Investors cheered the results, sending Samsung shares 2.9 percent higher to close at 849,000 won. Samsung's stock price, which surged 77 percent in 2009, hit a record high of 870,000 won on April 5 this year.
Source: http://asurl.net/eUe
Samsung earned 3.99 trillion won ($3.59 billion) in the three months ended March 31, the company said Friday. It recorded net profit of 582 billion won the year before.
The latest figure was an all-time high for the company, said spokesman Jason Kim, surpassing 3.81 trillion won in the third quarter of last year.
The company also said sales in the first quarter totaled 34.64 trillion won. That was 20.8 percent higher than the 28.67 trillion won reported a year earlier.
Samsung Electronics Co. is a major force in the global technology industry, ranking as the largest manufacturer of computer memory chips, flat screen televisions and liquid crystal displays. It also stands No. 2 globally in mobile phones behind Finland's Nokia Corp.
Samsung said in a release that sales in its semiconductor business jumped 57 percent to 8.2 trillion won in the first quarter. The company said tight supply and strong demand caused prices for DRAM, or dynamic random access memory, chips to rise. DRAM are used mostly in personal computers.
The company also cited steady demand for NAND flash memory chips in line with consumer purchases of smart phones and mobile application products. NAND are used in devices such as digital cameras, music players and smart phones.
"Strong demand for mobile products continued despite weak seasonality," Samsung said in presentation materials for investors.
In mobile phones, Samsung sold 64.3 million of the devices in the first quarter, up 40 percent from the year before. It predicted demand will increase in the current second quarter in line with the global economic recovery.
The company also sold 8.4 million flat screen TVs in the first quarter, an increase of 47 percent from the year before. Samsung said it expects demand to grow 34 percent in the second quarter.
"In the TV business, we launched aggressive marketing activities focusing on 3D TV as well as LED TV," Robert Yi, Samsung's head of investor relations, told analysts on a conference call. "As a result, our shipment and profit margin improved significantly year on year."
Investors cheered the results, sending Samsung shares 2.9 percent higher to close at 849,000 won. Samsung's stock price, which surged 77 percent in 2009, hit a record high of 870,000 won on April 5 this year.
Source: http://asurl.net/eUe
Man who found — and sold — the missing iPhone unmasked
Twenty-one-year-old Redwood City, California, resident Brian J. Hogan, the man identified by Wired.com as the guy who found — and later sold — Apple's missing iPhone in a bar last month, has a message for Apple, the engineer who originally lost the precious gadget, and the tech world at large: Sorry about that.
Following a trail of "clues" on social-networking sites and confirming his ID with a source "involved in the iPhone find," Wired named Hogan on Thursday as the bar patron who made off with Apple's top-secret iPhone prototype and then sold it to Gizmodo for $5,000 after an Apple software engineer left the precious phone on a bar stool.
Up until now, Hogan's identity has been a mystery to the public, but the 21-year-old college student (or at least, he was a college student as of 2008) may have sensed that he was in trouble after all the hoopla over Gizmodo's gigantic iPhone scoop last week and the subsequent fallout, including a raid on Gizmodo editor Jason Chen's house by San Mateo sheriff's deputies armed with a search warrant.
Hogan has now lawyered up, and in a statement released through his attorney, the young man says he "regrets his mistake in not doing more to return the phone," and that he thought his $5,000 deal with Gizmodo was only "so that they could review the phone," Wired reports.
According to Hogan's attorney's statement, Hogan didn't see the lost iPhone until another patron at the Redwood City bar came up and asked him if it was his; Hogan apparently then asked a few other patrons if they'd lost the device before heading out, iPhone in hand, according to Wired.
Initial reports had it that the man who'd taken the iPhone tried repeatedly to call the Apple Care support line to return the phone, but according to the statement in the Wired story, Hogan never personally called Apple, although a friend of his offered to. The owners of the bar where the iPhone was lost also told Wired that Hogan never bothered to call them about the lost hardware, although the anguished Apple engineer who mislaid the iPhone "returned several times" to see if it had turned up.
Meanwhile, CNET is reporting that Hogan had help in finding a buyer for the lost iPhone. The "go-between," according to CNET: 27-year-old Sage Robert Wallower, a UC Berkeley student who "contacted technology sites" about the handset. Wallower told CNET that he "didn't see it or touch it in any manner" but knows "who found it," adding, "I need to speak to a lawyer ... I think I have said too much."
No one has been charged yet in the case of the lost iPhone, but a deputy district attorney for San Mateo County tells Wired that Hogan is "very definitely ... being looked at as a suspect in theft." (In California, finding a piece of lost property isn't a case of "finders keepers"; if you find a lost item and keep it without making "reasonable" efforts to find the real owner, you could be charged with a crime.)
Gizmodo's Jason Chen also has yet to be charged; law-enforcement officials have reportedly said they'll hold off on searching the computers and servers seized from Chen's house until they decide whether California's shield law for journalists applies to him.
Source: http://asurl.net/euJ
Following a trail of "clues" on social-networking sites and confirming his ID with a source "involved in the iPhone find," Wired named Hogan on Thursday as the bar patron who made off with Apple's top-secret iPhone prototype and then sold it to Gizmodo for $5,000 after an Apple software engineer left the precious phone on a bar stool.
Up until now, Hogan's identity has been a mystery to the public, but the 21-year-old college student (or at least, he was a college student as of 2008) may have sensed that he was in trouble after all the hoopla over Gizmodo's gigantic iPhone scoop last week and the subsequent fallout, including a raid on Gizmodo editor Jason Chen's house by San Mateo sheriff's deputies armed with a search warrant.
Hogan has now lawyered up, and in a statement released through his attorney, the young man says he "regrets his mistake in not doing more to return the phone," and that he thought his $5,000 deal with Gizmodo was only "so that they could review the phone," Wired reports.
According to Hogan's attorney's statement, Hogan didn't see the lost iPhone until another patron at the Redwood City bar came up and asked him if it was his; Hogan apparently then asked a few other patrons if they'd lost the device before heading out, iPhone in hand, according to Wired.
Initial reports had it that the man who'd taken the iPhone tried repeatedly to call the Apple Care support line to return the phone, but according to the statement in the Wired story, Hogan never personally called Apple, although a friend of his offered to. The owners of the bar where the iPhone was lost also told Wired that Hogan never bothered to call them about the lost hardware, although the anguished Apple engineer who mislaid the iPhone "returned several times" to see if it had turned up.
Meanwhile, CNET is reporting that Hogan had help in finding a buyer for the lost iPhone. The "go-between," according to CNET: 27-year-old Sage Robert Wallower, a UC Berkeley student who "contacted technology sites" about the handset. Wallower told CNET that he "didn't see it or touch it in any manner" but knows "who found it," adding, "I need to speak to a lawyer ... I think I have said too much."
No one has been charged yet in the case of the lost iPhone, but a deputy district attorney for San Mateo County tells Wired that Hogan is "very definitely ... being looked at as a suspect in theft." (In California, finding a piece of lost property isn't a case of "finders keepers"; if you find a lost item and keep it without making "reasonable" efforts to find the real owner, you could be charged with a crime.)
Gizmodo's Jason Chen also has yet to be charged; law-enforcement officials have reportedly said they'll hold off on searching the computers and servers seized from Chen's house until they decide whether California's shield law for journalists applies to him.
Source: http://asurl.net/euJ
Adobe Creative Suite 5 starts shipping
Adobe Creative Suite 5, the massive overhaul to the software maker’s collection of print, Web, and video applications announced earlier this month, has begun shipping. Adobe says its CS5 products will be available starting Friday.
Adobe CS5 features new versions of 14 products and their assorted applications, four new online services, and a brand new interactive Web design product. All told, Adobe promises more than 250 new product features in its suite, which the company aims at creative professionals working with print, Web, and video.
The CS5 lineup features five versions: a Design Standard edition ($1299; upgrade, $499) that includes Photoshop, Illustrator, InDesign, and Acrobat 9; a Design Premium edition ($1899; upgrade, $599) featuring Photoshop Extended, Illustrator, InDesign, Adobe 9 Pro, Flash Catalyst, Flash Professional, Dreamweaver, and FireWorks; a Web Premium edition ($1799; upgrade, $599) with nearly the same applications as Design Premium, but swapping out InDesign, in favor of Flash Builder 4 Standard, Flash Catalyst, and Contribute; a Production Premium edition ($1,699; upgrade, $599) featuring Premiere Pro, After Effects, SoundBooth, OnLocation, and Encore along with Photoshop CS5 Extended, Illustrator, Flash Catalyst, and Flash Professional; and Adobe’s Master Collection ($2599; upgrade, $899), which offers all CS5 programs except for Photoshop Standard. Standalone versions of the Creative Suite tools—including Photoshop, Illustrator, InDesign, Flash Catalyst, Flash Professional, Dreamweaver, Premiere Pro, and After Effects, among others—are also available.
Look for full reviews of the CS5 offerings at Macworld.com starting on Friday and continuing through May.
Source: http://asurl.net/eNb
Adobe CS5 features new versions of 14 products and their assorted applications, four new online services, and a brand new interactive Web design product. All told, Adobe promises more than 250 new product features in its suite, which the company aims at creative professionals working with print, Web, and video.
The CS5 lineup features five versions: a Design Standard edition ($1299; upgrade, $499) that includes Photoshop, Illustrator, InDesign, and Acrobat 9; a Design Premium edition ($1899; upgrade, $599) featuring Photoshop Extended, Illustrator, InDesign, Adobe 9 Pro, Flash Catalyst, Flash Professional, Dreamweaver, and FireWorks; a Web Premium edition ($1799; upgrade, $599) with nearly the same applications as Design Premium, but swapping out InDesign, in favor of Flash Builder 4 Standard, Flash Catalyst, and Contribute; a Production Premium edition ($1,699; upgrade, $599) featuring Premiere Pro, After Effects, SoundBooth, OnLocation, and Encore along with Photoshop CS5 Extended, Illustrator, Flash Catalyst, and Flash Professional; and Adobe’s Master Collection ($2599; upgrade, $899), which offers all CS5 programs except for Photoshop Standard. Standalone versions of the Creative Suite tools—including Photoshop, Illustrator, InDesign, Flash Catalyst, Flash Professional, Dreamweaver, Premiere Pro, and After Effects, among others—are also available.
Look for full reviews of the CS5 offerings at Macworld.com starting on Friday and continuing through May.
Source: http://asurl.net/eNb
Sony Sued for Removing Linux Support in PS3 Upgrade
Sony Computer Entertainment is under fire by PlayStation 3 owners. A class-action suit has been brought against Sony for removing Linux support from PS3 consoles in its latest upgrade.
An attorney for PS3 owner Anthony Ventura filed the suit against Sony in U.S. District Court in San Francisco on Wednesday after Sony removed support for Linux in its PlayStation 3.21 software update.
After Sony announced the update on March 28, unhappy PS3 owners took their frustrations to the web by flooding Sony's official PlayStation blog with angry comments. A total of 7,454 comments were posted as of Thursday. While some are upset with losing Linux support, others are more angry with Sony for removing a feature for which they paid.
Ventura, however, took his frustrations straight to a lawyer who filed the class-action suit on his behalf.
No Joke
PlayStation 3 owners were anticipating the PlayStation 3.21 upgrade slated for April 1, but thought Sony was playing an April Fools' Day joke when it said the upgrade would remove support for Linux.
Sony quickly warned users that the upgrade was no a joke and, in fact, was an attempt to protect the intellectual property of the content offered on the PS3 system as well as to provide a more secure system. PS3 owners who chose not to upgrade risked losing other PS3 features, according to Sony, including access to the PlayStation Network, newer games, and Blu-ray movies. Gamers who decided not to upgrade also risked losing playback of copyright-protected videos stored on a media server, the company warned.
If Judge Edward Chen allows the class-action suit, it would include all individuals who bought a PS3 between Nov. 17, 2006, and March 27, 2010, according to reports. The suit does not specify any amount in requested damages, but does state damages will not exceed $5 million.
Julie Han, a spokesperson for Sony, said the company does not comment on pending litigation. Rebecca Bedwell Coll, who is listed as Ventura's lawyer, did not respond to requests for comment.
Little To No Impact
Sony Entertainment has had great success with its PS3, with 12 million units sold in the U.S. to date, according to the company. Except, however, for a few bumps in the legal road.
In October 2009, Sony faced a class-action suit brought by John Kennedy, who said a firmware update caused damage to thousands of PS3 systems. After downloading the update, owners said it caused the system to malfunction. The damage resulted in Kennedy having to cough up $150 in repair fees.
Analysts don't expect the new class-action to negatively impact Sony PS3 sales. "I doubt it'll have much impact -- certainly a nuisance and cost, but having Linux on a PS3 was always way down the list of priorities for most gamers," said Lewis Ward, an IDC analyst.
Source: http://asurl.net/eOm
An attorney for PS3 owner Anthony Ventura filed the suit against Sony in U.S. District Court in San Francisco on Wednesday after Sony removed support for Linux in its PlayStation 3.21 software update.
After Sony announced the update on March 28, unhappy PS3 owners took their frustrations to the web by flooding Sony's official PlayStation blog with angry comments. A total of 7,454 comments were posted as of Thursday. While some are upset with losing Linux support, others are more angry with Sony for removing a feature for which they paid.
Ventura, however, took his frustrations straight to a lawyer who filed the class-action suit on his behalf.
No Joke
PlayStation 3 owners were anticipating the PlayStation 3.21 upgrade slated for April 1, but thought Sony was playing an April Fools' Day joke when it said the upgrade would remove support for Linux.
Sony quickly warned users that the upgrade was no a joke and, in fact, was an attempt to protect the intellectual property of the content offered on the PS3 system as well as to provide a more secure system. PS3 owners who chose not to upgrade risked losing other PS3 features, according to Sony, including access to the PlayStation Network, newer games, and Blu-ray movies. Gamers who decided not to upgrade also risked losing playback of copyright-protected videos stored on a media server, the company warned.
If Judge Edward Chen allows the class-action suit, it would include all individuals who bought a PS3 between Nov. 17, 2006, and March 27, 2010, according to reports. The suit does not specify any amount in requested damages, but does state damages will not exceed $5 million.
Julie Han, a spokesperson for Sony, said the company does not comment on pending litigation. Rebecca Bedwell Coll, who is listed as Ventura's lawyer, did not respond to requests for comment.
Little To No Impact
Sony Entertainment has had great success with its PS3, with 12 million units sold in the U.S. to date, according to the company. Except, however, for a few bumps in the legal road.
In October 2009, Sony faced a class-action suit brought by John Kennedy, who said a firmware update caused damage to thousands of PS3 systems. After downloading the update, owners said it caused the system to malfunction. The damage resulted in Kennedy having to cough up $150 in repair fees.
Analysts don't expect the new class-action to negatively impact Sony PS3 sales. "I doubt it'll have much impact -- certainly a nuisance and cost, but having Linux on a PS3 was always way down the list of priorities for most gamers," said Lewis Ward, an IDC analyst.
Source: http://asurl.net/eOm
Subscribe to:
Posts (Atom)
