Posted by Mark J. Miller on September 12, 2011 03:01 PM
Having the exclusive contract to be the wireless network for the Apple iPhone was a pretty sweet deal for AT&T, but that ended earlier this year when Verizon was allowed to start servicing the devices. That as a good part of the reason that AT&T had a 10% net income drop in the second quarter from the same period of time last year.
Soon, Sprint will be offering iPhones as well, meaning another potential rough time financially to get through. According to USA Today, the company that hauled in $124 billion last year is hoping to find its next bump in revenue from iPads and other tablets.
“From April to June, AT&T gained 627,000 new connected-device customers — not counting its 5.6 million in smartphone sales,” USA Today reports. AT&T rolls out the $480 Acer Iconia today, while Amazon's Kindle is “the fastest-growing connected device on AT&T’s wireless network.”Continue reading...
Posted by Chana Mayefsky on August 10, 2011 09:00 AM
Apple accused of e-book price fixing, as Amazon Kindles social interactions and rolls out cloud-based reader.
AT&T bid for T-Mobile faces California review.
Baidu shuts down Twitter-like service in China.
Banana Republic Facebook fans get first dibs on Banana Republic's Mad Men collection.
BlackBerry's fall from C-Suite to High Street riots in U.K. could damage brand.
Disney CEO Bob Iger seeks "great characters, great stories."
Kate Moss-inspired web ad banned in the U.K.Continue reading...
Posted by Shirley Brady on August 1, 2011 06:00 PM
U.S. House is expected to pass debt ceiling bill tonight, with the Senate set to vote Tuesday.
Amazon launches AmazonLocal daily deals in Groupon's hometown of Chicago; launches MyHabit app to compete with Gilt Groupe; beefs up streaming offering to compete with Hulu by adding Universal titles; and looks to expand Kindle library.
Apple iPhone 5 now rumored for October; Apple TV lets users buy TV shows with streaming update; and Apple blocks Samsung tablet release in Australia.
Twitter confirms "significant" ($800M?) funding round led by Russia's DST Global; adds Dutch and Indonesian local sites; and opens NYC office.
Adobe bows to Apple and builds Flash alternative.
Airbnb looks to defuse user security concerns by offering $50,000 guarantee to homeowners.
Allstate to shut banking unit, posts $620M in losses on tornado claims.Continue reading...
Posted by Shirley Brady on July 26, 2011 06:30 PM
Amazon results beat Wall Street estimates as ad-supported Kindle tops e-reader sales.
American Apparel partners with eBay.
Comcast and NBC launch TV's "holy grail" — dynamic VOD advertising.
Dunkin' Brands prices IPO at $19/share for $2.4 billion valuation; but can it grow coffee biz?
Facebook launches new portal to help brands better target their marketing.
FOX narrows window on free streaming of network programming, with Dish Network first to sign on.
Google targets small business ad market, while interest in Hulu raises speculation.
Kraft begins global pitch for Trident.Continue reading...
Posted by Sheila Shayon on July 20, 2011 02:00 PM
South Korea is the world’s most wired nation with the fastest global broadband connections (seven times the world average), and students there have been experimenting with digital since 2008, using e-textbooks on tablet-like Fujitsu PCs and Samsung Galaxy Tabs.
Now, the nation is pushing for all elementary-level educational materials to be digitized by 2014, while by 2015, the entire school-age curriculum will be administered by computers, smart phones and tablets.
The national initiative has a $2.4 billion budget, with Samsung poised to get the bulk of the deal. Not only will this move redefine primary school education, it will spawn a huge market for home-grown electronics including the iPad, the Galaxy Tab and other branded tablets.Continue reading...
Posted by Sheila Shayon on July 19, 2011 03:00 PM
The customer comments on a Comic-Con post on the Borders bookstore chain's Facebook page, its last post in fact, say it all.
Following on its "don't worry, it's business as usual as we search for a buyer" notice on its website, Borders Group, a pioneer in big-box booksellers, posted a sad notice on another section of its website confirming an unhappy ending to its story.
A press release yesterday confirms that it will close all stores and be out of business by the end of September. Unable to attract a buyer willing to rescue it from bankruptcy, the nation's second-largest bookseller, with 10,700 employees and more than 1,200 stores, is ending its run.Continue reading...
Posted by Sheila Shayon on July 18, 2011 12:30 PM
Hearst's magazines are getting on-track digitally, extending the brands of two of its popular automotive titles — Road & Track and Car and Driver — with group-buying digital deals. Exclusive invites will be offered later this summer, targeting the male-dominated audiences of both magazine brands.
“It’s a brand-new way to connect some of our advertisers with our most trusted asset — our users,” commented Rob Houghlin, publisher and chief revenue officer for the magazines, to AllThingsD.
Having acquired the two titles from France's Lagardère in January, the social commerce launch for the Hearst Digital Media group follows five years of weighing the right fit in a social commerce play, he added.Continue reading...
Posted by Dale Buss on May 25, 2011 09:00 AM
AIG raises $8.7 billion.
Amazon launches $164 Kindle 3G with ads, as B&N unveils $139 touchscreen Nook.
Apple passes 500,000 unique app offerings in its U.S. store.
Bharti Walmart expands wholesale stores.
Bob Dylan turns 70.
Boeing weighs options for new planes.
British Airways develops Windows 7 mobile boarding app.
California Pizza Kitchen agrees to buyout offer.Continue reading...