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Tag: finance

Verizon CEO: No Canadian expansion planned

The Canadian government has been looking for ways to expand mobile coverage from three nationwide carriers -- Rogers, Bell Wireless and Telus -- to four. There were hopes that US carrier Verizon Wireless would purchase a small Canadian regional carrier, then buy spectrum in a government auction...

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iPad market share struggles in China

Research firm IDC reports that iPad shipments to China fell sharply during the second quarter of 2013, dropping from over 50 percent of the country's tablet market to only 28 percent. The iPad is still the top tablet in China, with Samsung grabbing an 11 percent share and Lenovo an 8 percent...

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Three times as many Samsung users switch to iPhone than the other way around

Though Samsung's snarky ads like to make jest of iPhone users, while Apple's just show how well various functions -- the camera, the music player and FaceTime -- work, new information from Consumer Intelligence Research Partners (CIRP) suggests those Samsung ads aren't too effective. As reported...

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Apple looking to fill more than 200 new positions in China

Apple has a good chunk of the consumer electronics market in the developed world, with the company's flagship iPhone and iPad products still flying off the shelves. But there's still a lot of the world -- in particular Brazil, Russia, India and China -- where the company can make huge inroads....

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China Mobile, iPhone deal hindered by commercial, technical issues

China Mobile is the world's largest mobile carrier, and for Apple, the company represents a way to revive slumping sales in its second largest market. While both companies would benefit from having the iPhone on China Mobile's network, a number of commercial and technical issues have made that...

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Robust iPhone sales bolster Foxconn bottom line

Apple's controversial, but improved, manufacturing partner Foxconn had a strong second quarter thanks to iPhone sales surpassing expectations for the period. Net profits were up 41 percent over the June quarter in 2012. According the Wall Street Journal, Apple accounts for 40 percent of the...

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Apple shares skyrocket by 20 points following investment from Carl Icahn

Shares of Apple shot up by more than 22 points on Tuesday following word that billionaire investor Carl Icahn had taken a large position in Apple. At one point during the trading day, shares of Apple reached $494 after starting the day trading at $471.50. In a tweet sent out by Icahn himself on...

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ITC's ban of certain Samsung devices boosts Apple market cap

Propelled by a favorable ITC ruling last Friday, shares of Apple shot up by US$12.91 on Monday, finishing the trading day at $467.36. Indeed, shares of Apple on Monday closed at their second highest level since February of 2013. Though the success of the iPhone is routinely measured against Android...

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iPhone boosts growth for T-Mobile

T-Mobile reported its Q2 2013 earnings results today and posted an increase of 1.1 million subscribers for the quarter. Impressively, 29 percent of T-Mobile's quarterly sales were attributable to the iPhone. By way of comparison, the carrier lost 200,000 customers during the same quarter a year...

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Amazon opens Mac-friendly download store in UK

Mac owners in the US have had the ability to purchase and download software from Amazon for quite some time. Now Electronista is reporting that the online retailer has opened at Mac-friendly download store in the United Kingdom. The store offers software downloads for Mac and Windows, and implies...

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iPad sales slip as tablet market surges

The tablet market has exploded in the last year, with nearly 60 percent growth since the same quarter in 2012. This is according to new information published by the market research firm IDC on Monday. At the top of the market is Apple, thanks to strong sales of the iPad. However, while Apple is...

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Isis NFC payment system to roll out later this year, provide iPhone support

When three of the big four mobile carriers -- AT&T Mobility, T-Mobile US, and Verizon Wireless -- agree on something, you know that it's going to get a big push. The three companies formed Isis in early 2011 to orchestrate the future of near field communication (NFC) payments, and today the...

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Sprint sold 1.4M iPhones in Q2 2013

Sprint must be happy with its decision to start selling the iPhone. The company reports that 1.4 million iPhones were sold in the second fiscal quarter of 2013. Even better, 41 percent of those phones went to new Sprint customers. The carrier didn't sell as many iPhones in the last quarter as it...

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Apple's manufacturing partner Pegatron under fire for working conditions

Last year, Apple's primary Chinese manufacturing partner Foxconn came under intense scrutiny for complaints about how factory workers were being treated. Now another partner, Pegatron, is facing similar charges of poor treatment of workers. An upcoming report from China Labor Watch outlined in...

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Big guns have Apple's back in iPhone 4 ban

What do Microsoft, Oracle, Intel and AT&T have in common? All four of the major corporations are jumping to Apple's defense against the impending iPhone 4 ban ordered by the US International Trade Commission (ITC). The Wall Street Journal reports that a trade group representing Microsoft,...

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