Apple Down 2 on Disappointing Results From Sony Ericcson: related news

Apple Down 2% on Disappointing Results From Sony Ericcson

Boston, Jul 18, 2008 (MidnightTrader via COMTEX News Network) -- Apple Inc. (AAPL) is down 2% after Sony Ericsson, which is joint venture between Ericsson (ERIC) and Sony (SNE), posted a steep drop in Q2 sales and earnings. Shares of ERIC are up 3.2%, SNE is down 1.7%.

Psystar Will Countersue Apple

An anonymous reader sends us to CNet for news that Apple clone maker Pystar plans to countersue Apple. We discussed Apple's suit last month. "Mac clone maker Psystar plans to file its answer to Apple's copyright infringement lawsuit Tuesday as well as a countersuit of its own, alleging that Apple engages in anticompetitive business practices. Miami-based Psystar... will sue Apple under two federal laws designed to discourage monopolies and cartels, the Sherman Antitrust Act and the Clayton Antitrust Act, saying Apple's tying of the Mac OS to Apple-labeled hardware is 'an anticompetitive restraint of trade,' according to [an] attorney... Psystar is requesting that the court find Apple's EULA void, and is asking for unspecified damages."

Apple's Market Cap Exceeds Google

Lawrence Person writes "Mac Daily News was one of many Apple-followers to note that Apple Inc.'s market capitalization exceeded Google today. That means that the combined value of all Apple's outstanding shares of stock exceeded the combined value of all Google's outstanding shares of stock. Apple's stock is worth $157 billion and change vs. Google's $156 billion. Other companies Apple has surpassed in market cap include Cisco, HP, and Intel. Also, Apple is now worth 3 times the value of Dell Computer, despite Dell's founder and CEO declaring over a decade ago that if he ran Apple, he'd 'shut it down and give the money back to the shareholders.'"

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Apple (AAPL) 'No Comment' on iPhone 3G Issues

It looks a like a week's worth of bad press has finally worn down Apple (AAPL: sentiment, chart, options) bulls, as the shares are poised to close today with a loss of nearly 2%. Meanwhile, the media's full-court press isn't letting up. In the latest report to seek answers in regard to the company's response to growing concerns about the iPhone 3G's connection issues, all ABC News was able to get from Apple was "No comment." What's more, the issues are starting to take a toll on die-hard Apple fans, with ABC quoting one loyal user as saying, "I am a true Apple fan, so this is nothing to make Apple look bad. ... I think Apple should come out and tell people what's going on with these phones."

Two Black Hat Talks On Apple Security Cancelled

An anonymous reader writes "Two separate Apple security talks have been nixed at the last minute from next week's Black Hat security conference in Las Vegas. The Washington Post's Security Fix blog reports that Apple researcher Charles Edge was to present on flaws in Apple's FileVault encryption plan, but asked Black Hat to cancel the talk, citing confidentiality agreements with Apple. Then on Friday, Apple pulled its security engineering team out of a planned public discussion on the company's security practices — which would have been a first for Apple. 'Marketing got wind of it, and nobody at Apple is ever allowed to speak publicly about anything without marketing approval,' a Black Hat spokesman said."

Sony Pins Hope On Games Division After Q1 Results

Sony Pins Hope On Games Division After Q1 Results Officials from Sony have announced details of the group’s first quarter financial results, with net income falling by almost a half from a year previously, down 47.4 percent to ¥35.0 billion ($330m).

FSF's "Defective By Design" Targets Apple Genius Bars

mjasay writes "At OSCON this year, MySQL's Brian Aker made this bold statement: 'Microsoft is irrelevant ... We're more worried about Apple.' The Free Software Foundation appears to have caught the hint, and has turned its attention to all-things-Apple with a 'denial of service' attack on the Apple Genius Bars. The idea is to completely book all Genius Bars and then ask the 'geniuses,' over and over again, a few questions about Apple's proprietary ways (while, apparently, real customers with support issues are left to flounder). Lost in this anti-Apple fervor, however, is the Free Software Foundation's complete and conscious failure to protect the web. Richard Stallman has long felt that software that doesn't sit on his desktop doesn't affect his freedom, but isn't the opposite true? Why is the FSF focused on Apple when the bigger concern

Apple Not Selling iPhones in Canadian Apple Stores on Launch Day

Apple's apparently so fed up with the high pricing that Rogers is shoving into Canadian iPhone owners' faces that there will be no iPhone 3Gs sold at Apple Stores in Canada this Friday. This follows up Apple's previous action of diverting stock from Canada to Europe, and really sets the tone that they're unhappy with Rogers' $60 for 150 minutes, 75 SMS messages and 400MB data plan. So what's the deal? Canadians who still want one will have to line up early to get one of the 10-20 units per store that Rogers is getting. If we were you, we'd stay home and wait for Rogers to admit defeat, stop slapping its customers in the face and lower its prices. [Apple Insider]

Sony T700 & the 15mm thick Sony T77 - two new Cyber-shot cameras for release next month

It's all about the cameras today with Sony leading out two new compact piccie grabbers from their photographic stables. Part of the Cyber-shot range, they go by the names of the Sony Cyber-shot T700 and the Sony Cyber-shot T77 and just to confuse matters even more, Sony Ericsson brought out the their new T700 mobile today. Yeah, that caused a little fun for a while.

"Cuil" Search Engine Launches

Cuil (pronounced COOL), a technology company, launched its search offering, which combines a web index with content-based relevance methods, results organized by ideas, and complete user privacy. Cuil has indexed 120 billion web pages and provides organized and relevant results based on web page content analysis. It organizes similar search results into groups and sorts them by category. Cuil gives users a display of results and offers organizing features, such as tabs to clarify subjects, images to identify topics, and search refining suggestions to help guide users to the results they seek. Cuil’s features include: a magazine-style layout that separates results by subject and allows further search by concept or category, results ranked by the content on each page, and privacy protection.

Sony Professional Solutions appoints channel development manager

Sony Ireland has appointed David Byrne to the position of channel development manager for video-conferencing and CCTV within its business division, Sony Professional Solutions. David joins Sony Ireland Ltd from Digicom where he held the position of corporate sales - audio-visual consultant. Commenting on the appointment, Raj Pandya, general manager, B2B Channels, Sony UK, said: "David's appointment marks the further growth of Sony Professional Solutions in the Irish market. His expertise in introducing new business channels to the Irish market will assist greatly in driving forward the new business division and we are delighted to welcome him to the Irish team".

Apple After Jobs

recoiledsnake writes "The connection between Apple and Steve Jobs is unlike any other brand and CEO relationship in corporate America, maybe the world. While Bill Gates has successfully transitioned himself away from his day job at Microsoft, can Apple do without Jobs at all? Once word started circulating that Jobs may be ill, Apple stock took a considerable hit, dropping more than $10 a share. And when Mr. Jobs was absent from last week's quarterly earnings conference call, the questions started again — and the stock fell again. What does this mean for corporate users of Apple for whom switching costs are high? Can Apple continue innovating in Job's absence?"

Sony Releases 2.41 PS3 Firmware

Bad news spreads fast in today's world, so when Sony released the 2.40 PS3 firmware update last week it wasn't long before reports of problems started to emerge, with some being unlucky enough to brick their console with the update. Sony therefore made the decision to take down the 2.40 update while they ironed out the problems, with the result being today's 2.41 firmware. Sony are now confident that the issues with 2.40 have been resolved, and have extended their apologies to the Playstation community for any inconvenience caused. 2.41 doesn't add any additional features over 2.40, and Sony hasn't said what it will do about the consoles that were bricked by the 2.40 firmware yet.

Rogers, Apple see big sales of iPhone

Rogers Wireless Communications Inc. sold out of its initial iPhone stock in a handful of Canadian cities over the weekend after it began selling Apple Inc.'s popular touch screen cellphone on Friday. Rogers declined to prove specific sales figures, however Apple said that more than one million iPhones were sold around the globe during the first three days of sales in 21 countries. "IPhone 3G had a stunning opening weekend," Apple chief executive officer Steve Jobs said in a statement. Apple also announced that more than 10 million applications were downloaded through the company's new App Store, which sells programs and games designed to work on the next-generation iPhone. Neither Rogers nor Apple addressed the crippling server outages which plagued iPhone activations in both the U.

Apple releases tv show downloads to Apple iTunes Australia

Apple releases tv show downloads to Apple iTunes Australia Apple is making television programming from Australia’s top networks including the Australian Broadcasting Corporation, Seven Network and Nine Network, along with US-produced programs from The Walt Disney Company’s ABC Studios, Disney Channel and MTV Networks, available on the iTunes Store in Australia.

Apple TV software 2.1 released, supports Remote (iPod touch, iPhone control of iTunes and Apple TV)

This Update supports Apple's free Remote application (allows your iPhone or iPod touch to control iTunes on a Mac, Windows PC, or Apple TV) and Apple's new Mobile Me service.

Sony's Next-Generation Blu-ray Disc Player Now Available at Sony Style Stores and Retailers Across the Country

NEW YORK, July 16 /PRNewswire/ -- Sony's next-generation Blu-ray Disc player, model BDP-S350, is now available across the country at Sony Style retail outlets, sonystyle.com and other authorized Sony retailers. The BDP-S350 supports BonusView (picture-in-picture), which is featured on select new Blu-ray Disc home video releases, and is also BD-Live ready, with an Ethernet port for easy firmware updates and access to Internet-based interactive content features. A firmware update enabling BD-Live is planned later this year. It also features quick start-up mode improving the player's boot-up time to approximately a few seconds and offers an external port for local storage for BD-Live, allowing users to add an optional flash storage device (sold separately).

Business Brilliance? Apple iPhone Profit Margin Narrowed Down To 55%

Cupertino (CA) - We may criticize Apple for its business practices, but there is no doubt that there are few other hardware manufactures that can offer their products at similar profit margins as Apple (and convince people to stand in line for them.) According to iSuppli, Apple’s profit margin of the iPhone 3G (excluding research, development and marketing) is in the neighborhood of 55%.

Greenpeace ranks 'greenies' anew: Sony Ericsson tops survey; Nicrosoft and Nintendo scores still down

Jul. 7--Swedish cellular phone maker Sony Ericsson tops the 8th edition of Greenpeace "Guide to Greener Electronics," the environmental group said Friday even as other companies who previously scored high in the quarterly survey have seen their ranking plummet. In a press conference in Makati on Thursday, Greenpeace Southeast Asia Toxics Campaigner Beau Baconguis said that aside from Sony Ericsson, Japanese electronics giant Sony also scored high in the latest survey.

Hackers 'jailbreak' the iPhone 3G

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Not content with gold, Phelps stalks Spitz and '72

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Apple releases iTunes 7.7.1

Apple has released iTunes 7.7.1, an update that Apple says “includes fixes to improve stability and performance. The update is available via Apple’s Software Update application or as a downloadable installer at the iTunes web site Apple iTunes web site

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