Samsung Q3 2014 Earnings Analysis

Samsung’s nightmare scenario is unfolding right before our eyes

By on October 30, 2014 at 8:15 AM.

Samsung’s nightmare scenario is unfolding right before our eyes

Halloween has come a day early for Samsung as it released a truly scary earnings report that saw its operating profit tumble by 60% and its revenue fall by 20%. These top-line numbers don’t tell the full story of what’s really happening with Samsung, however — in reality, the company’s nightmare scenario is coming true at a truly stunning speed. More →

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Tim Cook on Being Gay and Equality

This is the most important and inspirational personal announcement Tim Cook has ever made

By on October 30, 2014 at 7:40 AM.

This is the most important and inspirational personal announcement Tim Cook has ever made

Apple CEO Tim Cook on Thursday made a surprising announcement in an opinion piece on Bloomberg Businessweek, which is very much in line with his many public notes in the recent past about diversity at the workplace. “While I have never denied my sexuality, I haven’t publicly acknowledged it either, until now. So let me be clear: I’m proud to be gay, and I consider being gay among the greatest gifts God has given me,” Cook said  in the essay. More →

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Samsung Earnings Q3 2014

Samsung’s Q3 profit nosedives, stock soars

By on October 30, 2014 at 7:25 AM.

Samsung’s Q3 profit nosedives, stock soars

Investors sent Samsung shares soaring more than 4.5% on Thursday as the company reported dismal third-quarter earnings… that were thankfully less dismal than analysts were expecting. In a world where the high end of the smartphone market is being squeezed by more capable mid-range and low-end phones, Samsung’s response has been to flood the market with cheaper low-margin phones. How did that work out? In the third quarter, Samsung’s operating profit plunged 60% on year to $3.9 billion and its revenue slid 20% to about $44.6 billion. More →

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Apple Pay Vs. CVS Rite Aid

Walgreens will happily take the Apple Pay customers that CVS and Rite Aid don’t want

By on October 29, 2014 at 9:15 PM.

Walgreens will happily take the Apple Pay customers that CVS and Rite Aid don’t want

Although CVS and Rite Aid both shut off the NFC payment receptors over the weekend, you can still use services such as Apple Pay at Walgreens, which just happens to be one of those two pharmacies’ main competitors. And don’t think that Walgreens doesn’t know this — its official Twitter account on Tuesday sent out a message letting everyone know that all iPhone 6 and 6 Plus users can “use Apple Pay today at any one of our stores.” The company also helpfully posted a link showing you how to find all the Walgreens stores located nearest you, although that link also happened to be for Apple Maps, so you may want to double check with another service before making your drive. More →

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Apple Pay Vs. MCX CurrentC App

MCX says its Apple Pay rival is being bashed because it’s ‘challenging the status quo’

By on October 29, 2014 at 4:26 PM.

MCX says its Apple Pay rival is being bashed because it’s ‘challenging the status quo’

You may think that Merchant Customer Exchange members are being heavy handed in blocking Apple Pay and Google Wallet from their stores because they want to promote MCX’s own CurrentC mobile payment platform. But according to MCX, that’s not the case — instead, these merchants are trying to shake up the mobile payments industry. More →

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Apple Vs. Amazon Walmart

Has Apple found the perfect weapon to fight both Walmart and Amazon?

By on October 29, 2014 at 11:09 AM.

Has Apple found the perfect weapon to fight both Walmart and Amazon?

Apple is edging closer to declaring an all-out war against mega retailers like Walmart, Best Buy and CVS with its payment system. The big shopping chains do not want Apple butting into their customer relationship and have already rejected the use of Apple Pay. Yet despite the stringent opposition from the leading bricks and mortar players, Apple Pay is already more popular than all other NFC solutions combined after only one week of availability. More →

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Apple Pay Vs. Walmart

Walmart offers a boneheaded explanation for why it’s blocking Apple Pay

By on October 29, 2014 at 8:30 AM.

Walmart offers a boneheaded explanation for why it’s blocking Apple Pay

There’s really no good way to spin Walmart, CVS and Rite Aid’s decision to collectively block NFC-enabled mobile payment platforms such as Apple Pay and Google Wallet. This is especially true because the merchants’ real reason for blocking these platforms is because they want to instead promote CurrentC, the mobile app developed by the Merchant Customer Exchange (MCX) that’s significantly less convenient and that collects such a disturbing amount of data that even diehard Google fans are a little creeped out by it. More →

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Marvel Event Phase 3

Marvel holds a huge event and drops release dates for 11 new movies

By on October 28, 2014 at 5:30 PM.

Marvel holds a huge event and drops release dates for 11 new movies

On Tuesday, Marvel announced its upcoming slate of films and it looks like the comics powerhouse is aiming to dominate the box office through summer 2019. The recent trailer leak of Avengers: Age of Ultron had us all watering at the mouth for more, and with Marvel’s big event today, it will only increase our hype for new footage and information.

More →

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T-Mobile Q3 2014 Earnings

Despite huge subscriber gains, the ‘Un-carrier’ is once again unprofitable

By on October 28, 2014 at 8:10 AM.

Despite huge subscriber gains, the ‘Un-carrier’ is once again unprofitable

As we’ve said before, more intense competition in the wireless world is great for consumers but not-so-great for carriers’ bottom lines. T-Mobile, which has been at the forefront of America’s newly competitive wireless market, reported adding 1.38 million postpaid subscribers and 410,000 prepaid subscribers, which easily topped the 785,000 postpaid subscribers that AT&T added over the same quarter but was slightly behind the 1.5 million postpaid subscribers that Verizon added. The company also raised its projected for total postpaid subscribers added this year from 4.3 million to 4.7 million. More →

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Steve Ballmer Clippers Tax Break

Ballmer has 1 billion more reasons to love owning the Clippers

By on October 27, 2014 at 11:00 PM.

Ballmer has 1 billion more reasons to love owning the Clippers

Former Microsoft CEO Steve Ballmer has really taken to owning the Los Angeles Clippers, as he has repeatedly vowed to make the team “hard core, baby!” Now The Financial Times reports that Ballmer has a lot more reasons to love owning the Clippers than we ever imagined — a billion more reasons, to be accurate. More →

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Apple Pay CVS Walmart Rite Aid

Apple implies CVS and Walmart will get left behind if they block Apple Pay

By on October 27, 2014 at 4:32 PM.

Apple implies CVS and Walmart will get left behind if they block Apple Pay

Apple is obviously not happy about retailers such as CVS and Walmart blocking the use of Apple Pay at their retail locations but the company isn’t about to come out with a blistering attack against them, especially when it’s trying to coax both companies to start accepting its mobile payment platform again. Instead, a company spokesperson has given Business Insider a statement that’s carefully crafted to tout Apple Pay’s early success and imply that any retailers that block the service are missing out. More →

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BlackBerry CEO Chen Comeback

BlackBerry CEO declares mission accomplished

By on October 27, 2014 at 1:39 PM.

BlackBerry CEO declares mission accomplished

It’s only been about a year since he started his tenure and his company is still losing money, but BlackBerry CEO John Chen thinks he’s already implemented a turnaround strategy that economics students will be reading about for decades. In an article posted on LinkedIn, Chen offers some “keys to executing a turnaround the right way” that draw on his year of experience as BlackBerry’s chief executive. More →

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