UK tech prodigy makes millions by selling app March 29, 2013 A LONDON teenager has become one of Britain’s youngest millionaires after selling a popular smartphone app he developed at 15 to Yahoo. Nick D’Aloisio, 17, designed and built Summly, an iPhone app that condenses news articles for reading on the move after teaching himself to write computer code. Since its launch, the app has reached [...]
Bonuses bounce back on a smaller Wall Street February 26, 2013 WALL Street bonuses increased nine per cent to an average of $122,000 (£81,000) last year despite escalating job losses and at the same time as the Big Apple’s financial sector shrank overall, according to estimates released yesterday. The average bonus pool for employees employed in the securities industry in New York City surged some eight [...]
Apple settles app purchase case February 26, 2013 Apple has agreed to settle a US class action lawsuit that said customers were charged when their children inadvertently downloaded certain applications from the company’s online store. Under the proposed settlement, Apple could potentially end up paying around $100m as it has agreed to provide a $5 iTunes store credit to as many as 23m affected [...]
EU mobile boss wants to slash Ofcom powers February 26, 2013 THE EU’s top telecoms official has outlined plans for a unified European mobile market, a move that would boost cross-border giants such as Vodafone and reduce the power of UK communications regulator Ofcom. Speaking at the industry’s annual forum, Mobile World Congress, EU data commissioner Neelie Kroes said Europe was “falling behind” the US as [...]
ARM chips overtake Intel in tablets and PCs February 26, 2013 THE BOOM in demand for tablets may see British microchip designer ARM Holdings overtake US behemoth Intel in combined sales of tablet and personal computer chips for the first time. Ian Drew, the Cambridge based company’s head of marketing and business development told City A.M. that this year more tablets and PCs will be sold [...]
Samsung Galaxy S4 set for March February 25, 2013 Samsung has announced that its latest high-end smartphone, the Galaxy S4 will be unveiled on 14 March. The Korean firm’s Galaxy S range has been the biggest challenger to Apple’s iPhone, with the previous S3 model selling more than 40m units.
What the other papers say this morning February 25, 2013 FINANCIAL TIMES Captain Magic conjures hedge launch The glory days of the hedge fund launch may not be entirely over. Raffaele Costa, a flamboyant former GLG partner and self-styled “Captain Magic”, will this week unveil the first fund at his new firm Tyndaris, in what will be one of the boldest start-ups since 2008. Merkel [...]
Rolex wins title of consumer superbrand for a second year February 24, 2013 LUXURY watch-maker Rolex has come top of an annual chart of consumer “superbrands” for the second year running, leaving Apple and Microsoft trailing in second and third place, a poll published today shows. The iPad and iPhone-maker jumped 16 places to clinch second place, missing out on the top spot to Rolex. Over 2,900 British [...]
Huawei reveals world’s fastest mobile phone February 24, 2013 SAMSUNG and Huawei yesterday became the first in a slew of electronics companies to showcase their latest technology at this year’s international mobile trade show. Mobile World Congress – the industry’s week-long jamboree that officially kicks off this morning – will see some of the biggest players in the market promoting new wares, as well [...]
New competition from the East February 24, 2013 HAZARD a guess which company is now the world’s third-biggest seller of smartphones, behind the obvious frontrunners Apple and Samsung. You might think of Nokia, BlackBerry or Motorola. But none of these three even appears in the world’s top five smartphone sellers, according to research from Gartner. It is Huawei, a Chinese company best known [...]