Apple Silicon Valley Development Site

What is Apple doing with this mysterious 43-acre development site?

By on August 3, 2015 at 3:35 PM.

What is Apple doing with this mysterious 43-acre development site?

Companies that are as secretive as Apple always create intrigue when they make big behind-the-scenes moves, and this latest one is very big indeed. Silicon Valley Business Journal is reporting that Apple has purchased a gigantic 43-acre development site in North San Jose for unknown reasons. The deal for the development site closed last week and Apple paid a total of $138 million for the property, according to public documents reviewed by the Business Journal. More →

No Comments
Cable TV Providers

The pay TV scam that’s hiding in plain sight

The pay TV scam that’s hiding in plain sight

By on August 1, 2015 at 11:00 AM.

Services like Netflix are driving U.S. households to cut the cord at an unprecedented rate, and studies suggest that impressive rate won’t be slowing anytime soon. The unbreakable bundles, poor customer service and high cost of pay TV packages has made consumers all too eager to ditch their cable and satellite TV services, so it makes sense that cord cutting has exploded now that entertainment is widely available elsewhere.

As if the reasons to loathe pay TV service providers weren’t already numerous enough, a recent report sheds new light on a scam that cable and satellite TV companies have been pulling for years. And the worst part is that people have known about it all along, they just never realized how bad it was. More →

No Comments
Comcast Buzzfeed Vox Media Investment

Comcast is about to fund its biggest media critics with hundreds of millions of dollars

By on July 30, 2015 at 10:45 AM.

Comcast is about to fund its biggest media critics with hundreds of millions of dollars

Comcast has earned a reputation as one of America’s most hated companies and there are plenty of people in the media who slam the cable giant on a regular basis. That’s why we’re intrigued about Re/code’s new report claiming that NBCUniversal, which is owned by Comcast, is about to invest hundreds of millions of dollars into two major media companies that have in the past been some of its toughest critics. More →

No Comments
Samsung Earnings Q2 2015

The battle of the sixes is over: iPhone comes out on top, Samsung left bloodied

By on July 30, 2015 at 8:30 AM.

The battle of the sixes is over: iPhone comes out on top, Samsung left bloodied

Samsung redesigned its flagship smartphone from the ground up for the first half of 2015. The Galaxy S6 is the fastest and most powerful handset the world has ever seen, and its stunning 2K display has been called the best on the planet. Samsung then took things a step further by using premium aluminum and glass construction to make the S6 the most sleek and solid smartphone the company had ever produced.

But it wasn’t enough.

Samsung reported its audited second-quarter results on Thursday morning, and the company’s operating profit from its mobile division plummeted 38%. Put plainly, the Galaxy S6 simply couldn’t get the job done when pitted against the iPhone 6. More →

No Comments
Comcast New Media Acquisitions

Why should Comcast improve its reputation when it can just buy the blogs that bash it?

By on July 24, 2015 at 10:20 AM.

Why should Comcast improve its reputation when it can just buy the blogs that bash it?

Following Verizon’s recent acquisition of AOL, the industry and readers at large are waiting to see if and how the deal might affect the news sites Verizon now owns, including Huffington PostTechCrunch and Engadget. Considering Verizon has long been one of net neutrality’s biggest enemies, the worries are fairly obvious.

If there’s one company that readers are likely even more concerned about, it’s Comcast, which has long been the subject of widespread Internet wrath do to complaints surrounding poor service and even worse customer service.

Now, it looks like Comcast is in talks to buy some of its biggest critics. More →

No Comments
Comcast Vs Netflix

Comcast has created a monster… and its name is Netflix

Comcast has created a monster… and its name is Netflix

By on July 23, 2015 at 12:40 PM.

Oops. Netflix has quickly grown from a nifty little site that streams a bunch of old movies to a game-changing entertainment powerhouse that makes it easier than ever to cut the cord. Long story short, it has become pay TV providers’ worst nightmare. Users love Netflix, investors love Netflix, and the company’s future looks brighter than ever as the cord cutting trend picks up steam.

Typically, service providers try to downplay Netflix’s impact on their business. Of course, one need only look at cable company’s subscriber trends to see how seriously Netflix and similar services are affecting these companies’ bottom lines. In an interesting moment of candor, however, one top cable company lobbyist admitted that Netflix is indeed hurting its business. More →

No Comments
Apple Earnings

iPhone is king as Apple earnings top expectations

By on July 21, 2015 at 4:32 PM.

iPhone is king as Apple earnings top expectations

Apple just released its earnings report for the company’s June quarter and, per usual, Apple surpassed analyst expectations, albeit slightly. For the quarter gone by, Apple posted a net profit of $10.7 billion on revenue of $49.6 billion. Earnings per share, meanwhile, checked in at $1.85.

In the build-up to Apple’s earnings report, analysts were anticipating revenue of $49.5 billion and EPS of $1.81.

By way of contrast, Apple during the same quarter a year-ago posted profits of $7.7 billion on the back of $37.4 billion in revenue. Meanwhile, Apple’s EPS a year ago checked in at $1.28.

More →

No Comments
American Airlines Plane

Airlines continue to make flying miserable yet made almost $40b in fees alone last year

By on July 21, 2015 at 9:18 AM.

Airlines continue to make flying miserable yet made almost $40b in fees alone last year

There are days when you wonder when airlines are conspiring to make flying more miserable. When you combine the ever-decreasing leg room we get with the added fees we get charged for everything from checking bags to food, it’s almost as if companies are trying to outdo one another in crafting the ultimate terrible flying experience. And as it turns out, airlines have a good reason for behaving as they do: It’s helping them make tens of billions of dollars in extra revenue. More →

No Comments
Amazon Prime Day Sales Records

Amazon: Prime Day broke sales records, exceeded Black Friday 2014

By on July 16, 2015 at 12:40 PM.

Amazon: Prime Day broke sales records, exceeded Black Friday 2014

You may have hated all the junk Amazon tried pawning off on you this week as part of Prime Day… but you bought it all up anyway. Amazon has just announced that its first-ever Prime Day smashed its previous records for the most items sold in a day, including last year’s Black Friday sale. In total, customers ordered an estimated 34.4 million items on the day, which is a truly remarkable number given how much people complained about the quality of the items on sale. More →

No Comments
Japanese Robot Hotel Pictures

Japanese hotel replaces all human workers with robots and the result is horrifying

By on July 15, 2015 at 8:15 PM.

Japanese hotel replaces all human workers with robots and the result is horrifying

I have seen the future and it is awful. The Associated Press, via The New York Post, has published a dispatch from the Henn na Hotel in Japan, which has recently installed robots to handle every aspect of your stay, including handling your luggage and checking in and out of the hotel. Yes, that’s right: To check into your room, you’ll need to first chat with a creepy she-bot like the one pictured above. More →

No Comments
Worst Steve Ballmer Predictions Amazon

Ballmer’s record of being wrong about the future remains unblemished

By on July 14, 2015 at 6:15 PM.

Ballmer’s record of being wrong about the future remains unblemished

Even though he hasn’t been the CEO of Microsoft for a while now, that hasn’t stopped Steve Ballmer from making incorrect predictions about the future of the tech industry. Bloomberg reminds us that Ballmer just last fall told PBS’s Charlie Rose that online retail giant Amazon wasn’t even a real business because it didn’t consistently turn a profit. More →

No Comments