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  • Blackberry falls as Home Depot chooses iPhone

    February 11, 2013

    SHARES in Blackberry plummeted by as much as six per cent during early trading yesterday, after one of the US’s biggest retailers said it was replacing its employee handsets with Apple’s rival iPhone. A spokesman for DIY-chain Home Depot said as many as 10,000 of its management and corporate employees would switch their Blackberry models [...]

  • Australia calls up tech giants

    February 11, 2013

    APPLE has been ordered to appear before Australia’s parliament with fellow technology giants Microsoft and Adobe Systems to explain why local consumers pay so much for their products, despite the strong Aussie dollar. Broadening a row between the world’s most valuable company and Australian politicians over corporate taxes paid on Apple’s operations, Apple executives were [...]

  • US markets are quiet after six weeks of gains

    February 11, 2013

    US stocks ended a quiet session with slight moves yesterday as investors found few reasons to keep pushing shares higher following a six-week advance, though the longer-term trend was still viewed as positive. The benchmark index is up more 6.4 per cent in 2013, putting both the S&P 500 and Dow industrials near multi-year highs. [...]

  • China beats America in global trade race

    February 10, 2013

    CHINA has eclipsed the US to become the world’s top trader in goods for the first time, official figures from the two countries revealed. Chinese imports and exports together totalled $3.87 trillion (£2.45 trillion) in 2012, according to figures from the country’s ministry of commerce, just ahead of the US’s $3.82 trillion in goods traded [...]

  • Apple developing smart watch

    February 10, 2013

    Apple is developing a smart watch that would run on its iOS platform, according to various reports over the weekend. A blog on the New York Times claimed that Apple is working on a prototype of a curved glass wristwatch, and though few details exist as to which functions of a smartphone the watch might [...]

  • Apple to chew over proposals to return cash

    February 7, 2013

    APPLE said yesterday it would consider proposals from US billionaire David Einhorn urging the company to return more of its colossal cash pile to shareholders. Einhorn’s hedge fund Greenlight Capital, which owns 0.12 per cent of the iPhone and iPad maker, yesterday said it was taking legal action over Apple’s proposals to change its company [...]

  • STK does a belter of a rib eye – if you can stand the club atmosphere

    February 6, 2013

    Primal Scream frontman Bobby Gillespie once said: “All vowels are fascist, man, everyone knows that”. It’s a sentiment that obviously chimed with the owners of US steakhouse chain STK, which has just arrived at the ME London hotel. This isn’t just any old steakhouse, though. Oh no, this is a “female friendly” steakhouse. Female friendly. [...]

  • HTC to focus on China as revenues fall

    February 4, 2013

    SMARTPHONE manufacturer HTC said yesterday it planned to focus on emerging markets, having been squeezed out of the US and western Europe by Samsung and Apple. The Taiwanese firm has seen its market share plummet in the last two years. The Taiwanese firm’s chief Peter Chou (pictured) warned of a 17 per cent revenue fall [...]

  • Avoid getting in a spin about the great rotation

    February 4, 2013

    AS THE equity markets surge onwards, many are calling the beginning of the great rotation – the point when retail investors finally rotate out of the perceived safety of cash and bonds, and back into the stock market. Talk of the great rotation has occasionally made it into analyst notes over the last couple of [...]

  • Apple’s slice of the tablet pie shrinks in the fourth quarter

    January 31, 2013

    APPLE’S share of the tablet market fell over the Christmas period, even as it sold record numbers of iPads, according to research. Figures from market analysts IDC claim that the iPad and iPad mini accounted for 43.6 per cent of worldwide sales in the fourth quarter of 2012. This was down from 51.7 per cent [...]

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