iPHONE 4 ARRIVES IN THE UK June 23, 2010 APPLE ran out of white iPhone 4s yesterday on the eve of the launch of the hot-selling next-generation smartphone, the latest hiccup in the gadget’s global roll-out. The company moved 600,000 units of the $199 iPhone 4 in its first day of pre-sales in the US. The iPhone 4 goes on sale today in five [...]
Chip maker Imagination more than triples profits June 23, 2010 Graphics chip designer Imagination Technologies more than tripled its full-year pretax profit to £10.2m after it shipped 126m chips in smartphones, netbooks and set-top boxes. The company, whose designs are used by Apple and Intel – both shareholders – said yesterday its pipeline of licensing prospects, growth in design wins and momentum in chip volumes [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 22, 2010 FINANCIAL TIMES GUINEA THREAT OVER RIO DISPUTE The government of Guinea has raised the stakes in a dispute with Rio Tinto by threatening to strip the mining group of more of its rights to one of the world’s biggest undeveloped iron ore deposits. Officials in Guinea have been angered by what they see as Rio’s [...]
Toshiba launches new mini PC June 21, 2010 Toshiba has launched a dual-screened mini notebook PC that can be used as an e-book reader, adding to competition for the likes of Apple’s iPad and Amazon.com’s Kindle. The new gadget, which can be used like a conventional notebook PC with a software keyboard, or turned 90 degrees for use as an e-book reader, will [...]
UK needs more creative destruction June 17, 2010 IT was Joseph Schumpeter, the great economist, who first understood that capitalism is a process of creative destruction. Every day, new firms are born with fresh ideas, talent and technologies; old firms die when they become unable to meet customers’ needs efficiently and fail to make a better use of resources than their rivals. Competition [...]
Orange offers first UK plans for iPhone 4 June 17, 2010 ORANGE became the first British mobile network operator to announce tariffs for the iPhone 4, the latest runaway success from Apple. The operator said the 16GB version of the smartphone will be free on its £50-a-month business tariff with a two-year contract. The 32GB version will set customers back £41.70 on the same tariff. On Orange’s cheapest [...]
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 [...]