Last week, Amazon said that its massive $13.7 billion deal to acquire Whole Foods is wrapping up on Monday — giving it access to one of the strongest food brands in the United States, as well as hundreds of grocery stores in metropolitan areas. That means it’s going to be easier and easier for people to get access to great ingredients, and there’s been a continued trickle… Read More
Nokia is bringing its free streaming music service to Lumia handsets in the United States.
Nokia Brings Free Music Service to USA
Oh, you thought this whole mess was over now that Samsung has to pony up $1.049 billion in damages to its bitter rival Apple? Not by a long shot. According to The Verge, Samsung and Apple attorneys have been talking with Judge Koh about a preliminary injunction hearing, and have apparently agreed to schedule it on September 20.
Now that Apple has a considerable jury verdict to back up its claims, you can expect the company to push Samsung hard to either license the infringed patents in question (meaning Samsung would have to pay out even more money on top of the damages it already owes) or bar the Korean electronics giant from peddling some of its questionable wares in the United States.
Apple’s clearly not shy when pushing for that latter option too — the company won a preliminary injunction against the sale of Samsung’s Galaxy Nexus earlier this year (ordered by the same judge, no less), a move Samsung quickly appealed.
This song and dance is already familiar to both parties, which hopefully means they’ll make judicious use of their time. According to Judge Koh, Apple will file its motion by August 29th, after which Samsung’s (undoubtedly bummed) legal team will have two weeks to cobble together its crucial response. From there, Apple has two days to whip up a response to the response. Just like in these proceedings, both Apple and Samsung are stuck with page limits for all their filings, so neither of them can afford to go off on tangents.
Verizon Wireless today announced the May 17 launch of 28 new LTE markets, while also expanding its network in an additional 11 markets. The launches will bring Verizon’s total LTE markets to 258 across the United States, covering more than
This just in folks: RIM has released their Q4 2012 earnings report, and it paints a pretty bleak portrait of the ailing company. RIM posted quarterly revenues of $4.2 billion, down 19% from the previous quarter, and down 25% from the year-ago quarter. The Waterloo company also reported a net loss of $125 million or $0.24 per share diluted in Q4, along with earnings per share of $0.80.
In the days leading up to the release, analysts expected earnings of $0.83 cents a share on revenue of $4.56 billion.
RIM forecasted during their Q3 earnings call that they would ship between 11 and 12 million BlackBerry handsets this quarter, and managed to move 11.1 million — that’s a 21% dip from their Q3 BlackBerry shipments. Interestingly, the company shipped 500,000 PlayBooks in Q4, a considerable jump from the 150,000 they moved in Q3.
CEO Heins can’t be too pleased with the result — this is the company’s first earnings release with Heins at the helm, and while the company played up the leadership change quite a bit this past January, it doesn’t seem to have done much good yet. That doesn’t mean that Heins has been sitting idly by though, as a source close to him told The Globe And Mail that the CEO has just laid off a number of RIM executives at the “senior vice-president and vice-president levels.”
Former co-CEO Jim Balsillie has also announced that he would be resigning from RIM’s board of directors.
While the aftermath of that high-level shakeup remains to be seen, RIM may have a more pressing issue on their hands. In the days leading up to the release, analysts pointed to the company’s stagnant smartphone selection as a big reason for RIM’s substantial dip.
RIM is still working on their forthcoming BlackBerry 10 operating system and the hardware to accompany it behind closed doors. An early version of the OS will make an appearance on a number of developer units at this year’s BlackBerry Jam conference in May, though actual consumer-ready handsets with BlackBerry 10 won’t be available “the latter part of 2012.” Meanwhile, iOS and Android devices continue to dominate the smartphone market in the United States, though recent Nielsen data has RIM currently sitting at a distant third in terms of market share.