How powerful is Apple? Just the rumor of it entering the streaming music business rattled potential competitors.
On Friday, shares of Internet radio giant Pandora (P) plummeted by almost 17% -- closing at $10.47 per share when rumors surfaced that Apple (AAPL) was looking into entering the already crowded space of streaming audio entertainment, an environment that includes (among others) Spotify and Sirius XM (SIRI). Although just a rumor at this point, I couldn't contain my immediate reaction: "It's about time."
You see, when it comes to music Apple is far from an amateur. After all, its popular iTunes platform not only revolutionized how songs are bought and sold, it saved the music industry altogether -- from the likes of Napster, Bearshare as well as any other rogue outlet or application seeking to steal the works of artists under the pretext of "freedom." Now, if it indeed wants to take it a step further, the music industry must oblige. It's their duty.
The search giant's photo booth is one of the most popular attractions in Charlotte this week.
By Joe Deaux
The most popular attraction at the Democratic National Convention has been around since your grandparents' high school days: A photo booth.
The Google (GOOG) photo booth has been a smash hit among delegates, thanks to the technology-enhanced twist it puts on the original concept. The search giant's version takes four photographs of a person, emails the images to them and displays the pictures on the massive screen inside the Time Warner Cable Arena here in Charlotte.
A constant stream of convention attendees have been anxiously waiting in line for upwards of 30 minutes in a corner of the arena to sit inside a small booth for three minutes and pose for the portraits, which can also be posted to Google+, the company's social networking site.
Sure, the technology company is thriving, but its stores haven't been able to avoid the same issues plaguing the Best Buys of the world.
Retail is in trouble. The industry has been on the endangered species list since Amazon (AMZN) was born and told consumers it was time to start thinking outside the box.
Except consumers took it a step further and stopped visiting the box altogether -- the "big box" stores, that is. As a result, once-prominent retailers have fallen by the wayside such as CompUSA, Circuit City, Media Play and many others on a list much too long to detail here.
With Apple holding a major product launch next week, TheStreet has compiled the latest news and speculation about the tech giant's next-generation smartphone.
Apple sold 35.1 million and 26 million smartphones in its recent fiscal second and third quarters, respectively, and many people are predicting this release will be the biggest product launch Apple has ever had. CEO Tim Cook alluded to the coming "fall product transition," suggesting the iPhone 5 will be announced then.
Samsung seems to think bigger is better, as indicated by the impending release of its new tablet-like smartphone with a gigantic 5.5-inch screen
Samsung (SSNLF) is still reeling after its brutal courtroom takedown at the hands of Apple (AAPL). The Korean manufacturer was found guilty to the tune of $1.05 billion for infringing on six of seven patents belonging to the iPhone and iPad, which is why some watchers say that the launch of its next phone, the successor to the surprise hit Galaxy Note, could be the company's most important release yet. The Note II (release date TBD) is even more monstrous than its predecessor with a massive 5.5-inch screen. But it's also narrower, and comes packing an advanced new stylus, an improved 8-megapixel camera, and a faster processor overall.
Samsung clearly thinks going bigger is better, but is betting on so-called "phablets" really a smart idea?
The phone is good. Period: "Despite our earlier instincts," it appears lots of people want big phones, says Jamie Lendino at PC Mag. The original Galaxy Note was a "beautifully crafted" and "powerful device" that surprisingly went on to sell over 10 million units. The Note II is even larger, and a number of spec bumps and a wider variety of actions thanks to its pressure-sensitive S Pen make for a "seriously good device." We were skeptical at first, but it's easy now to see why a "roomy screen pays dividends in productivity throughout the day."
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[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
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