AT&T announces acquisition of Straight Path for $1.25 billion, works to expand future 5G networks

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Date: Tuesday, April 11th, 2017, 05:58
Category: Finance, iPhone, News, wireless

It never hurts to buy the bandwidth you need in advance.

AT&T on Monday announced that it will acquire Straight Path Communications, a company that holds licenses to airwaves needed for the next-generation network technology. AT&T announced the deal in a press release, noting that it is worth $1.6 billion in total.

Straight Path Communications is one of the largest holders of the 28GHz and 39GHz millimeter wave spectrum used by wireless carriers. It also holds the mmWave licenses in the 39 GHz band and 133 licenses in the 28 GHz band, which 5G technology is heavily reliant upon.

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Apple may have something to learn from secretive billionaire as he undercuts the iPhone in Chinese marketplace

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Date: Tuesday, March 21st, 2017, 05:21
Category: Apple, Finance, iPhone, News

Duan Yongping may have figured out how to beat Apple at its own game in the Chinese marketplace.

The reclusive billionaire founded both Opposition and Vivo, the twin smartphone brands that dealt the world’s largest company a stinging defeat in China last year. Once derided as cheap iPhone knockoffs, they leapfrogged the rankings and shoved Apple Inc. out of the top three in 2016 — when iPhone shipments fell in China for the first time.

Jongping stated that he was able to beat Apple in the region given that Apple didn’t adapt to local competition. Oppo and Vivo employed tactics Apple was reluctant to match, such as cheaper devices with high-end features, for fear of jeopardizing its winning formula elsewhere, Duan said.

“Apple couldn’t beat us in China because even they have flaws,” the 56-year-old electronics mogul said. “They’re maybe too stubborn sometimes. They made a lot of great things, like their operating system, but we surpass them in other areas.”

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JPMorgan Chase purchases CurrentC, looks to develop technology for further use

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Date: Monday, March 13th, 2017, 05:07
Category: Apple Pay, Finance, iOS, News, retail

If you were curious as to what happened to CurrentC, the intended mobile payment service that was intended to compete with Apple Pay a few years ago, there’s an answer: JPMorgan bought it out.

Oddly enough, Chase Bank played both sides and was one of a few major banks to partner with Apple when Apple Pay launched back in the fall of 2014, but several retailers including CVS and Walmart blocked or denied plans to accept Apple Pay due to an upcoming CurrentC app and commitments to MCX, the company developing CurrentC.

Some CurrentC backers including Rite Aid and Best Buy eventually changed their course and added Apple Pay as a payment option in stores, and last summer efforts to bring CurrentC to market finally ended.

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Verizon settles on $4.48 billion purchase price for Yahoo’s core assets following email hacks

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Date: Wednesday, February 22nd, 2017, 05:01
Category: Finance, Hack, Legal, News, wireless

Verizon was able to save even more money following Yahoo’s email hacks.

The telecommunications company announced a deal to buy the core business of Yahoo for $4.48 billion —managing to secure a $350 million discount it was pursuing because of two major security breaches, the last of which affected over 1 billion accounts.

The deal states that both Yahoo and Verizon will share some liabilities following the 2013 and 2014 hacks. The companies will split cash liabilities linked to some lawsuits and government investigations, but Yahoo alone will be saddled with some liabilities from shareholder lawsuits and U.S. Securities and Exchange Commission investigations.

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Apple purchases Israeli firm Realface, thought to be interested in biometric login features

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Date: Monday, February 20th, 2017, 05:52
Category: Finance, News, Software

Apple has bought yet another company that they may do something nifty with.

Apple has purchased Realface, a cybertechnology startup whose facial recognition technology can be used to authenticate users. This is Apple’s fourth acquisition in Israel and the deal is estimated to be worth a couple of million of dollars.

Realface was established in 2014 by Adi Eckhouse and Aviv Mader developed a facial recognition technology that offers a smart biometric login, aiming to make passwords redundant when accessing mobile devices or PCs.

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Yahoo sale price discounted by $250 million in wake of hacks

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Date: Thursday, February 16th, 2017, 05:23
Category: Finance, Hack, News

You pay less if the item you’re buying has a couple of dings on it.

Verizon is apparently close to purchasing Yahoo’s Internet properties for roughly $4.8 billion, a price that includes a $250 million discount after the revelation of security breaches at the web company.

Sources close to the store cited the discounted price as well as Yahoo’s possibly being renamed “Altaba Inc.”. An announcement of the new agreement could come in a matter of days or weeks, said the sources. The revised agreement isn’t final and could still change.

Yahoo said in December that cyberthieves in 2013 siphoned information including users’ e-mail addresses, scrambled account passwords and dates of birth. The stolen data may allow criminals to go after more sensitive personal information elsewhere online. The announcement followed news in September of a 2014 breach that affected at least 500 million customer accounts.

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Apple reports $78.4 billion in revenues, $17.9 billion profit for Q1 2017

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Date: Wednesday, February 1st, 2017, 05:29
Category: Apple, Finance, iPad, iPhone, News

Where Apple’s profits had been down in the past few quarters, the company came back hard in the Q1 2017 financial report. Apple on Tuesday posted quarterly revenue of $78.4 billion, setting an all-time record for the company with a total net profit was $17.9 billion.

The lion’s share of the profits came from the iPhone, which saw sales of 78.3 million units in the company’s first quarter of fiscal 2017. That was an increase from the 74.8 million iPhones the company sold in the same quarter a year ago, holding the record until now.

The Q1 timeline also included Apple’s December/holiday sales for the iPhone 7 and iPhone 7 Plus handsets.

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Apple to release Q1 2017 financial results on January 31st

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Date: Thursday, January 5th, 2017, 05:19
Category: Finance, iPhone, News, retail

Come January 31st, you’ll find out how profitable Apple’s last three months have been.

The company announced that come January 31st, it will announce its quarterly earnings for the first fiscal quarter of 2017, revealing performance metrics for the new iPhone 7 series and the lucrative holiday shopping season.

Announced through the company’s Investor Relations webpage, the upcoming results will be followed by a conference call live stream is set to take place on Tuesday, Jan. 31 at 2 p.m. Pacific, 5 p.m. Eastern. Apple CEO Tim Cook and CFO Luca Maestri are expected to attend the conference call.

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Trump pushes for Apple to manufacture products in the U.S., offers tax incentives

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Date: Monday, November 28th, 2016, 05:16
Category: Finance, Hardware, iPhone, News, retail

idiotandcook

President-elect Donald Trump, following up on a campaign promise that he would “get Apple to start making their computers and their iPhones on our land, not in China” – and he has now said the same thing directly to Apple CEO Tim Cook.

In a recent interview with the New York Times, Trump offered the following:

I got a call from Tim Cook at Apple, and I said, ‘Tim, you know one of the things that will be a real achievement for me is when I get Apple to build a big plant in the United States, or many big plants in the United States, where instead of going to China, and going to Vietnam, and going to the places that you go to, you’re making your product right here.’

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Rumor: Apple won’t refresh iPhone SE in 2017

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Date: Monday, November 7th, 2016, 05:05
Category: Finance, Hardware, iPhone, retail, Rumor

iphonesecolors

As nifty as the iPhone SE may be, it probably won’t be refreshed in the coming year.

Analyst Ming-Chi Kuo has released a report to investors state that Apple will prolong iPhone SE’s lifecycle beyond the usual one year rotation in a bid to boost gross margins and minimize cannibalization of high-end flagships like the iPhone 7.

To the point, Kuo noted that it seems unlikely that Apple will launch a new iPhone SE handset in the second fiscal quarter of 2017, which for Apple ends in March. The 4-inch iPhone variant debuted this year on March 31, leaving some to speculate that a next-generation version with updated internals would see release at roughly the same time in 2017. Kuo does not mention plans beyond the second quarter, meaning a refresh might land later in the year.

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