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Blackberry (TOR: RIM.TO) Results Surprise
Blackberry has posed a string of surprises in recent quarters. Less than a year ago, many were predicting their demise, citing their lackluster product lineup, and failure to compete in the consumer space with behemoths like Apple and Samsung. Despite the uphill battle, the once star performer continues to outperform expectations.
Blackberry was once a ubiquitous device, part of the arsenal of virtually every executive in the country. But, as the critics say, they failed to innovate. They stagnated,...
Apple (NASD: AAPL) Struggles at Home and Abroad
Apple (NASD: AAPL) is heading into dangerous territory – the firm recently regarded as an innovation factory has failed to release remarkably new products in years. Despite the success of the I-Pad and I-Phone, their effect on the firm’s bottom line is beginning to diminish.
We cannot overlook that in the past decade, the firm has been in unprecedented territory, creating device after device of new technology that consumers eagerly bought, no matter what the price. Many market observers now worry...
Apple (NASD: AAPL) Annual Meeting Reveals Few Surprises – Besides Allusion to Television
Apple (NASD: AAPL) fans are in unfamiliar territory, watching the stock price fall, while innovation seems to have stalled at the firm. While the sea may seem calm for now, Chief Executive Officer Tim Cook has promised more breakthrough products are on the way.
During the company’s annual meeting at its Cupertino headquarters, Cook told shareholders ”The company is working as hard as ever, and we have some great stuff coming.” While Cook retained the firm’s typical secretive nature...
Apple (NASD: AAPL) Falling Share Price in Focus for CEO Cook
Apple (NASD: AAPL), which has largely been given a rubber stamp of approval on everything it has done for the past decade, has been faltering in recent months. Consumers seem to be growing wary of minor modifications on existing products, and are thirsty for new products. Even though sales and profits remain high, without a game changing new product, there is a real risk in the firm’s stock price right now. Perhaps this is why famed investor Richard Einhorn and many others are calling for a dividend,...
Amazon (NASD: AMZN) Rises While Apple (NASD: AAPL), Facebook (NASD: FB) Fall
Despite solid earnings results across the tech industry, shares in Facebook (NASD: FB) and Apple (NASD: AAPL) are down – yet Amazon (NASD: AMZN) is up. Amazon Chief Executive Jeff Bezos has long been an anomaly in terms of tech strategy -he is known to pressure executives and innovators to write essays and to be thoughtful and comprehensive when taking the podium at his strategy meetings. His approach is decidedly academic, more so than classic business.
The approach Bezos has taken has long been...
Dell (NASD: DELL) Exploring Buyout Opportunities
Dell Inc. (NASD: DELL), the firm responsible for bringing low cost computers into homes around the world are on the verge of doing the unthinkable – going private. The computer giant has saw their share price sag, as consumers shift from traditional pc purchases to the growing tablet and smart phone market. Dell has lost considerably due to this, as they lack a presence in these growing market segments.
A bid to take Dell private by buyout firm Silver Lake and its partners underscores the financing...
Apple (NASD: AAPL) Needs A Game Changer
Tim Cook’s job as Chief Executive of Apple (NASD: AAPL) is growing increasingly difficult. The shadow of Steve Jobs remains looming over the firm, and the firm’s recent results suggest sales for existing products are leveling off. The tech giant needs a game changer, similar to what the iPad, iPhone, and iPod all did for the firm over the past decade.
Apple’s earnings were flat last quarter despite selling more iProducts than the year before. In a nut shell, as Apple churns out more iProduct,...
Microsoft (NASD: MSFT) Launching Online Subscription Service for Office
Microsoft (NASD: MSFT) has, to date, avoided bringing its popular office suite to touch screen platforms. As consumer tastes are rapidly changing, there is a growing expectation by users to have access to these programs on their mobile devices, and as such, Microsoft is rapidly working on plans to capitalize on the opportunity.
In an attempt to extend a lucrative franchise beyond personal computers, the world’s biggest software maker is selling a retooled version of Office as an online subscription...
Amazon (NASD: AMZN) Shares Soar on Earnings Results
Shares of online retail giant Amazon (NASD: AMZN) fell nearly 6% today in the run up to their earnings announcement, then soared almost 9% in the afterhours trading following better than expected results.
The world’s largest Internet retailer said that its cloud computing services, video content sales and its aggressive expansion in e-books helped increase profitability. In addition, a growing network of warehouses or fulfillment centers closer to customers held down shipping costs as it vied...
JC Penney (NYSE: JCP) Soars on Pricing Plan Reversal
Ron Johnson’s reign as Chief Executive Officer of retail giant JC Penney (NYSE: JCP) has been rife with criticism. Same store sales have plummeted, the stock has faltered, and many observers have openly questioned the viability of the once esteemed retail firm. The majority of criticism pointed at the firm has been in regards to their deviation from the historical retail pricing model which offered frequent sales to get customers in the store. Although the simpler pricing model was aimed at increasing...
Samsung Stock Increases To Record High
Samsung has had a great quarter with strong sales in smartphones and tablets.
January 27, 2012- In early Friday trading in Asia, Samsung Electronics Co stock increased to a new record high. Increased sales of smartphones have helped increase the company’s profits. Net income for the consumer electronics giant was up 17% to $3.6 billion. Sales increased 13% during the fourth quarter and were in line with analysts’ estimates.
During 2011, Samsung shipped more mobile handsets than Apple shipped...
Verizon To Charge for One-Time Payments
Verizon is charging customers for paying their bill online with a credit card.
December 30, 2011- Verizon Wireless, the largest cell phone company in the United States, has announced it will charge subscribers $2 for each payment made online or via the phone with a credit card. Starting January 15, the company will start charging what it called the “convenience fee.”
The fee will not be charged for payments made by electronic check or payments set up on an automatic payment plan using credit...
Best Buy Makes Late Cancellations of Some Orders
Due to shortages, Best Buy has had to cancel many online orders just before Christmas.
December 23, 2011- Some customers of Best Buy have received bad news just days before Christmas. Best Buy has had to cancel some online orders only days prior to the big holiday. The largest retailer in the U.S. for specialty electronics said on Wednesday it had been overwhelmed with purchases of certain products on its website. This has caused the retailer to cancel some of those orders.
The electronics retailer...