iPhone 5 launch hit by maps outcry September 20, 2012 APPLE faced embarrassment yesterday on the eve of today’s iPhone 5 launch, as users who upgraded to the latest version of the phone’s operating system vented their anger over changes to the device’s mapping software. Apple, led by Tim Cook (pictured), has ditched arch-rival Google’s trusted maps for the iOS6 upgrade, but on its first [...]
Government must think fast and big to make Britain a tech haven September 20, 2012 THE Prime Minister says he wants the UK to be the best place in the world to start, run and grow a high-tech company. As a strategy for rebalancing the economy, this makes a lot of sense. The internet is where the growth is. It accounts for a greater share of UK GDP than in [...]
Capital & Counties gets cash to help it expand Covent Garden September 19, 2012 PROPERTY group Capital & Counties (Capco) yesterday raised £149.1m to help fund its ambitious plans for Covent Garden. The firm placed 68.4m shares at 218p per share, or a 1.1 per cent discount to Tuesday’s closing price. Capco said the funds will be used to help fund its £200m plans to snap up more properties [...]
Publishers and Apple end EU ebook dispute September 19, 2012 APPLE and four major publishers have reached an agreement with the European Commission (EC) that will allow retailers such as Amazon to sell ebooks at a discount. The EC said yesterday that the Californian firm, along with four out of the world’s five biggest publishers – Hachette, Macmillan, HarperCollins and Simon & Schuster – had [...]
In defence of the skeuomorph September 19, 2012 Apple’s new phone has already become the single most coveted thing in the history of human existence, storming past the Holy Grail, basic sustenance, love and even existence itself (posing some difficult ontological questions that people are too distracted by the iPhone 5 to properly consider). Ahead of the official launch tomorrow, Apple has begun [...]
Apple shares hit fresh record September 18, 2012 SHARES in Apple hit a record high yesterday as momentum over the launch of the iPhone 5 pushed the stock past $700 for the first time. After the firm sold more than 2m iPhones in the first 24 hours of pre-orders, Carphone Warehouse revealed it had taken more than four times as many orders for [...]
US stocks flat as bellwether cuts forecasts September 18, 2012 US stocks ended flat to slightly lower yesterday after bellwether FedEx cut its profit forecast and investors pulled back after last week’s rally on central bank stimulus. Falling oil prices weighed on the market for a second day, with the S&P 500 energy index, down 0.7 per cent, the day’s biggest decliner among the S&P’s [...]
The iPhone5 may be boosting GDP by even more than JP Morgan predict September 18, 2012 APPLE’S iPhone5 has already smashed sales records. More than 2m online orders were placed on the first day that consumers could make purchases over the web. So it’s little wonder that JP Morgan has estimated that iPhone5 sales could add as much as 0.5 per cent to American GDP. These numbers have attracted criticism. After [...]
US stocks fall as oil prices hit energy shares September 18, 2012 US stocks fell yesterday in light trading after a rally that drove the S&P 500 last week to its highest level in nearly five years and as falling oil prices hit energy shares. The decline broke a four-day streak of gains for the S&P 500. On Friday, both the Dow and the S&P 500 ended [...]
iPhone sales hit 2m on record day for Apple September 18, 2012 APPLE said yesterday that the iPhone 5 had become its fastest selling phone ever, with 2m handsets bought in the first 24 hours it went on sale. Despite a lukewarm reception after last Wednesday’s highlyanticipated unveiling, sales of the iPhone 5 on Friday were double those of the previous 4S model on its first day [...]