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Tag: investment

Warren Buffett speaks out on Apple's cash pile

Warren Buffet was on CNBC yesterday, and the famous investor had some opinions about Apple, its stock price and the enormous pile of cash it's sitting on lately. His basic thoughts, not surprisingly, were just for Apple to keep making money. "The best thing you can do with a business is run it...

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Apple, Qualcomm tried to purchase exclusive access to TSMC chip production

Bloomberg is reporting that both Apple and Qualcomm were turned down by Taiwan Semiconductor Manufacturing Company (TSMC) in attempts by the two companies to invest cash and gain exclusive access to smartphone chips. Each company proposed investing more than US$1 billion in order to have TSMC...

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Discovery Bay Games raises $15M for iOS "Appcessories"

Seattle-based Discovery Bay Games, a board game company turned iOS accessory maker, announced today it has raised $15 million in Series B funding, according to a report in TechCrunch. Big name investors include accessory maker Logitech and Trilogy Equity Partners, an investment firm led by...

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NYT: Apple is (or was) considering a stake in Twitter

The New York Times is reporting that Apple might invest some of its considerable cash reserves in Twitter. After the unrewarded experiment that was Ping, Apple put a few hundred million dollars in Twitter in return for tighter cooperation between the companies and sharing Twitter's insight into...

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Apple looking to build data center in Reno

All of Apple's iCloud initiatives need data centers -- big ones -- and the company has announced plans to build a new facility near Sparks, Nevada, just a short toss of a poker chip east of Reno. That's not all Apple is planning to do in Northern Nevada. There are also plans to build a...

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Travis County Commission OK's Apple's Austin, Texas expansion plans

As expected, the Travis County (TX) Commission has approved an economic development package for Apple to spur the development of jobs in Austin. The package was approved last night by a 4-to-1 vote, and is expected to bring new jobs to Austin in return for US$5.4 to $6.4 million in tax...

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Chinese customers investing in Apple's suppliers

It's a gold rush in China as investors line up to cash in on Apple's success by buying up shares in Apple's Asian suppliers, says a report in Reuters. Chinese law prevents investors from buying Apple directly, so many are turning to firms Apple mentioned on its recent supplier list. Even...

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Occipital announces investment, new hires

Occipital, the company behind the popular iPhone and iPad app 360 Panorama, announced on Wednesday that it received US$7 million in venture funding. 360 Panorama lets you take panorama pictures by shooting a series of pictures at one and stitching them on the phone before saving them to your...

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Apple stock helping the Alaska Permanent Fund more than oil

The Alaska Permanent Fund sets aside a portion of oil revenue and gives some of that money back to Alaska citizens each year. This pool of money is also used to invest in the stock market, a practice that has proved to be quite lucrative. A recent quarterly report from the company that...

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Warren Buffett hesitant on Apple, tech companies

Multi-billionaire investor Warren Buffett says he still has no plans to invest in technology companies, including Apple, preferring to stick with companies like Coca-Cola because it is "very easy for me to come to a conclusion as to what it will look like economically in five or 10 years, and it's...

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Booyah raises $20m, aims for 6m users

I've lately been guessing that Booyah might eventually hook up with Ngmoco, since they're both iPhone gaming/app companies with somewhat similar goals that could help each other out. But it looks like Booyah doesn't need any help any more -- it's just raised a whopping $20 million from investors in...

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Content company raises $2 million to develop for iPad

Thinking Screen Media is a content platform developer, putting together a content delivery system designed to bring information to "millions of connected screens worldwide." Now, it seems that many of those screens might be iPads. TechCrunch reports that they've raised a whopping $2 million just to...

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In-app purchases not so hot for some developers

PocketGamer.biz has an interesting interview up with Pangea, makers of the iPhone physics puzzle game Enigmo, and they say that so far, their experience with in-app purchases has been pretty lukewarm. The software itself has sold over a million copies, but only a very small number of those customers...

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Apple building server farm, secret lair in North Carolina

As Mike mentioned in the news roundup yesterday, word is going around that the corporate overlords at Apple are planning to build a massive server farm in the state of North Carolina within the next decade or so. How do we know? Because the company is working on getting a few nice tax breaks to go...

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