The iconic iPad disappointed for the second quarter in a row, selling 14.1 million units vs. expectations of 14.5 million.
This served as a caution flag for investors. The iPad franchise's birth in 2010 kicked off the post-PC era, and it must succeed in order for Apple to be a part of it.
On Monday's conference call, Apple CEO Tim Cook didn't flinch one bit. He said we are heading for...Read more »
Here's a crazy idea.
What if smartphones were fully customizable? Rather than depend on the whims and bottom lines of a manufacturer, consumers were able to pick and choose which features their device would have.
Heavy users with long commutes could have bigger batteries. Shutterbugs could choose a bigger camera.
And every part of the phone would be modular: The screen, the processor,...Read more »
An accident yesterday involving a school bus at a long troublesome Staten Island intersection that sent eight people -- including five children -- to the hospital in serious condition has prompted the ciy Department of Transportation to reassess residents' requests for additional safety measures there.
The intersection at Oakdale Street and Preston Avenue in Eltingville "did not meet...Read more »
After making the local video rental shop a thing of the past, Netflix is about to obviate cinemas as well.
First, Netflix was just a mail-order DVD rental company which pivoted toward streaming.
It essentially did for TV and film what Apple's iTunes did for music: Help the industry adjust to a brave new world where endless copying and piracy is possible. As with iTunes, Netflix streaming...Read more »
Twitter was sued for $124 million on Wednesday by two companies claiming the social media darling fraudulently had them organize a private sale of its shares to stoke investor interest for an initial public offering then canceled it.
In a lawsuit filed in U.S. District Court in Manhattan, Precedo Capital Group Inc and Continental Advisors SA accused Twitter of using the aborted sale as a way...Read more »
Software gets no respect. It’s the Rodney Dangerfield of the tech industry -- always the underdog, and yet somehow, always around.
Microsoft has monopolized the PC industry for decades. Google’s control of Websearch is uncontested. Adobe and Symantec may as well be unmovable objects, and despite the perennial threat from cloud competitors, SAP and Oracle are as profitable and healthy as ever....Read more »
EBay ratcheted up the competition for speedy delivery service with its acquisition this week of Shutl, a four-year-old venture capital-funded start-up based in London that offers “same-hour” delivery service, or as close to it as is humanly possible.
Its biggest rival could have told eBay that fast delivery is one tough business nut to crack, and it’s not cheap, either.
Ironically, eBay’s...Read more »
Tesla, the California-based electric luxury sports car company founded by Elon Musk, has often said that China will be critical to the company's growth, though Musk has been vague on plans for entering the Chinese market.
As such, progress has been slow: A flagship showroom in Beijing, which would have been the first on China's mainland (there is a showroom in Hong Kong) had to be put on hold...Read more »
Twitter aims to launch its IPO on Nov. 6, the New York Post reported Thursday.
The stock offering is being handled by Goldman Sachs and Morgan Stanley, with JPMorgan Chase also chipping in — and the investment banks reportedly are ready to start making their pitches to investors on Monday.
Twitter said on Thursday that it intends to sell 70 million shares priced between $17 and $20 in...Read more »
A 30-year-old man was indicted in New York State Supreme Court yesterday in the sexual abuse of a 2-year-old girl in a Riverside Park bathroom stall on Sept. 24, according to Manhattan District Attorney Cy Vance.
Jason Carroll of Manhattan was indicted on two counts of predatory sexual assault, a class A felony. He faces a possible maximum sentence of 25 years to life if convicted.
Carroll...Read more »