iPhone encroaches on China February 21, 2012 Apple is set to boost its flagging share of the world’s biggest mobile phone market, as the iPhone becomes available on network provider China Telecom from next month. Last quarter Apple ranked just fifth in China with 7.5 per cent of the smartphone market, pipped by local firms ZTE and Huawei. However, China Telecom is [...]
Foxconn lifts wages for workers after Apple launches inspection February 20, 2012 FOXCONN, the top maker of Apple’s iPhones and iPads whose factories are under scrutiny over labour practices, has raised wages of its Chinese workers by 16-25 per cent from this month, in the third pay hike since 2010. The wage increases come just a week after Apple agreed to let a US non-profit labour group [...]
MEDIA EXEC BRINGS £1M PERUVIAN BID TO SOHO February 20, 2012 MARTIN MORALES was headhunted by Apple as one of the four founders of iTunes Europe and sat on the board of The Walt Disney Company. But Ceviche, the Peruvian restaurant behind a plain black door at 17 Frith Street in Soho, is his life’s work. Since leaving Disney in July 2011, the half-Peruvian Morales has [...]
Apple sets court on Kodak as the fate of Chinese iPads hangs in the balance February 16, 2012 APPLE has launched a legal campaign against Kodak, asking the New York federal bankruptcy court for permission to sue the bankrupt camera company for intellectual property theft. A successful suit would see Kodak banned from importing various products that Apple claims infringe its patents – including printers, the area in which the once-successful photographic film firm [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 15, 2012 FINANCIAL TIMES FOREIGN OFFICE PLANS £240M WORTH OF PROPERTY SALES The Foreign Office has drawn up plans to sell hundreds of embassies and homes worth nearly a quarter of a billion pounds as it increases its presence in fast-growing countries such as China and Brazil. The Foreign Office has hired property agents CBRE and DTZ [...]
Apple shoots past Samsung to nab top smartphone spot February 15, 2012 APPLE is again the top smartphone vendor in the world after selling 35.5m smartphones in the fourth quarter of last year and growing its market share to 23.8 per cent, according to research from Gartner. Samsung was hot on Apple’s heels, selling 34m out of the total 149m smartphones sold in the quarter. Around 472m [...]
Apple drags Wall Street into the red February 15, 2012 US stocks fell yesterday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world. The S&P 500 appeared set for a strong move off a nine-month high as Apple shares gained three per cent in early trading, helped by Tuesday’s disclosures [...]
Apple iPad rumour mill whirls despite problems in China February 14, 2012 THE HUNGRILY-AWAITED iPad 3 could run on fourth generation networks when released in the US later this year, with top American wireless providers AT&T and Verizon vying for the carrier deal. Apple is expected to announce details of its latest tablet offering in the first week of next month, with some sources pointing specifically to [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 13, 2012 FINANCIAL TIMES HONDA TO ACCELERATE OUTPUT IN EUROPE Honda says it will nearly double its production of cars in Europe as it seeks to reduce its reliance on imports form Japan and recover from a disastrous year. The carmaker’s European boss said that Honda aimed to increase production at its main European plant in Swindon [...]
Apple’s shares pass $500 for the first time February 13, 2012 APPLE’S shares topped $500 for the first time ever yesterday, in a new milestone that underscores the technology giant’s place as the world’s most valuable company by market value at around $460bn. The company’s shares have surged by more than 20 per cent so far this year, after the success of its iPhones and iPads [...]