Nokia warns on profits as competition gets tougher June 16, 2010 Nokia warned yesterday second-quarter sales and profits at its key phones unit would be weaker than expected as it struggles to compete against Apple’s iPhone. Nokia said profit margins at its key cellphone unit would be at the lower-end of its forecasts, or below, in the second quarter and in 2010, citing tougher competition, particularly [...]
Summer quaffing June 16, 2010 AH, summer. Despite a frosty few days, the sun is shining and it’s the season for lovely uplifting wines. We’ve got two of our favourite City wine experts to tell us their top summer wine picks. Neleen Strauss is the co-owner and sommelier at Thames-side restaurant High Timber (the cellar has 40,000 bottles in it) [...]
Apple sells over 600,000 units of iPhone 4 as pre-orders surge June 16, 2010 APPLE yesterday sold more than 600,000 units of its newest iPhone after just a day of pre-orders, surpassing analysts’ expectations and sending its shares up nearly three per cent yesterday. The maker of the iPad and iPod said it and carrier partner AT&T Inc had been forced to turn away “many” potential customers after the [...]
When process becomes more important than any one person June 16, 2010 FOR better of worse, some businesses become identified with their bosses. Look at Steve Jobs at Apple, whose share-price dropped when rumours about his health circulated last year. Or BP when it was run by Lord Browne, a man whose attitude towards the business he ran is often compared to that of Louis XIV’s towards [...]
RIM shares soar on talk of iPhone killer to revitalise the Blackberry June 15, 2010 SHARES in Research In Motion soared yesterday after a report suggested the BlackBerry maker was working on a touch-screen smartphone to rival Apple’s iPhone. The Canadian technology firm is said to be trialling a device with a screen that responds to a users’ fingers like an iPhone, but with a slide-out keyboard. RIM is also [...]
Infineon mulls €1bn wireless unit sale June 15, 2010 GERMAN chipmaker Infineon has hired JP Morgan (JPM) to map out a possible divestment of its mobile phone chip unit. The US investment bank is looking into a range of options, including a sale, reports said yesterday. Industry sources said Infineon has already held talks with PC chip giant US-based Intel. Some analysts have said [...]
Feds may take bite of Apple… June 10, 2010 Apple’s growing feud with Google took a fresh twist yesterday, with US anti-trust regulators preparing to investigate Steve Jobs’ firm. The iPad-maker sparked fury at Google after announcing changes to its advertising platform, iAds, that effectively block rivals. It means Google will be excluded from the expected deluge of advertising revenue gathered from Apple’s iPad [...]
… As chipmaker ARM plays down bid interest June 10, 2010 Shares in chipmaker ARM jumped 32 per cent to an eight-year high yesterday amid fresh rumours of bid interest from its customer Apple. A spokeswoman for ARM said the chip designer had not received an approach, and said a takeover from Apple is unlikely. ARM has benefited from the launch of the new iPhone and [...]
APPS June 10, 2010 Q. What exactly is an iPhone application and why is it useful? A. An iPhone app is essentially a tiny website that taps into your iPhone’s capabilities such as its GPS, camera or compass. But, unlike a regular website loaded on your phone, an app is built to communicate directly with the available hardware of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 9, 2010 FINANCIAL TIMES BACKLASH OVER INDIAN FLOAT RULES India is facing a growing private sector backlash against a rule change that will lead to a flood of more than $50bn of new shares being listed over three years. There are concerns that the move could damage the country’s stock market and hamper economic growth. The Finance [...]