Steve Jobs and Tim Cook

The untold story of how Steve Jobs told Tim Cook he’d be running Apple

By on March 17, 2015 at 4:56 PM.

The untold story of how Steve Jobs told Tim Cook he’d be running Apple

Apple CEO Tim Cook has shared more details about how Steve Jobs let him know he was the pick to lead the company, Fast Company revealed in a piece that’s based on the upcoming book “Becoming Steve Jobs: The Evolution of a Reckless Upstart into a Visionary Leader” that hits stores on March 24th. More →

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Samsung R&D Spending 2014

Samsung is spending an insane amount of money to beat Apple to the ‘next big thing’

By on March 10, 2015 at 7:30 PM.

Samsung is spending an insane amount of money to beat Apple to the ‘next big thing’

Samsung hasn’t had the best year financially but it’s not slowing down its spending on R&D. BusinessKorea reports that Samsung spent an astonishing $13.8 billion in research and development in 2014, the single largest R&D investment in the company’s history. More →

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Apple Dow News Reactions

The worst Apple analyst ever thinks Apple is doomed for a ridiculous new reason

By on March 6, 2015 at 3:35 PM.

The worst Apple analyst ever thinks Apple is doomed for a ridiculous new reason

Here at BGR, we’ve long been fascinated by the musings of Global Equities Research analyst Trip Chowdhry, who seems to shift wildly back and forth as to whether Apple is doomed to catastrophic failure or primed for unparalleled success. One year ago, for instance, he declared that Apple would “disappear” and become “irrelevant” unless it released an Apple Watch by last May. More recently, Chowdhry predicted that Apple would sell 42 million Apple Watches and would have a highly unlikely 100,000 Apple Watch apps available at launch… not bad for a company that should have become irrelevant by now since it still hasn’t released the Apple Watch! More →

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Mark Cuban Tech Bubble Theory

Massive new tech bubble? Mark Cuban has no idea what he’s talking about

By on March 6, 2015 at 12:55 PM.

Massive new tech bubble? Mark Cuban has no idea what he’s talking about

Mark Cuban has been blogging again. This happens with alarming frequency, but there is something special about today’s bloviation — serious news sites like MarketWatch turned Cuban’s comments into a lead news item. More →

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Apple-Sign-Store-5th-Ave

Apple to replace AT&T in the Dow Jones

By on March 6, 2015 at 9:10 AM.

Apple to replace AT&T in the Dow Jones

In a move that many felt was a long time coming, Joseph Weisenthal of Bloomberg is reporting that Apple is poised to replace AT&T in the Dow Jones Industrial Average.

The change is expected to go into effect at the beginning of the trading day on Thursday, March 19.

In a press release on the upcoming DJIA shuffle, David Blitzer explained the rationale behind the move was somewhat prompted by a recent Visa 4-1 stock split. Also helping matters is that Apple’s stock price is now much lower following the company’s 7-1 stock split last June.

As the largest corporation in the world and a leader in technology, Apple is the clear choice for the Dow Jones Industrial Average, the most recognized stock market measure,

The DJIA is price weighted so extremely high stock prices tend to distort the index while very low stock prices have little impact.

The timing of Apple’s addition to the DJIA hinged on two stock splits: Apple’s 7:1  last June and Visa’s 4:1 on March 19th this year. Apple’s split brought the stock price down closer  to the median price in the DJIA. The Visa split will reduce the technology weight in the DJIA and  make room for Apple. Among the current DJIA constituents, AT&T has one of the lowest prices.  Moreover, the DJIA is over-weighted in telecommunications and AT&T and Verizon are quite  similar, though AT&T has a smaller market capitalization.

Developing…

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Comcast Time Warner Cable Merger Netflix Acquisition

If the TWC merger fails, Comcast could pursue an even more evil backup plan

By on March 6, 2015 at 8:15 AM.

If the TWC merger fails, Comcast could pursue an even more evil backup plan

If its proposed merger with Time Warner Cable goes down, Comcast could make us regret it. Really, really regret it. BTIG Research analyst Rich Greenfield writes that if regulators shoot down the TWC merger, Comcast could turn its attention to buying up a number of other properties to bolster its business… including Netflix. More →

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Apple Google Microsoft Overseas Cash

Top tech companies have stashed an insane $420 billion overseas

By on March 5, 2015 at 8:35 PM.

Top tech companies have stashed an insane $420 billion overseas

When it comes to U.S. companies holding vast quantities of cash abroad, Apple is typically singled out… and with good reason. The Cupertino-based company has upwards of $180 billion in the bank, $69.7 billion of which is stashed away in overseas bank accounts.

More →

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iPhone Market Share

With just two new iPhone models, Apple catapults past Samsung in smartphone sales

By on March 3, 2015 at 2:10 PM.

With just two new iPhone models, Apple catapults past Samsung in smartphone sales

Apple’s latest new smartphone models, the iPhone 6 and iPhone 6 Plus, were largely responsible for the company’s record-smashing holiday quarter. And that colossal quarter didn’t just smash Apple’s own records… it was the most profitable quarter any company has ever reported.

Now, more news is trickling out following Apple’s killer holiday season: According to Gartner, Apple blew past Samsung to become the No. 1 smartphone vendor in the world last quarter. More →

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Google North Bayshore Campus Photos

Google is proposing a crazy new futuristic campus – here are some awesome renders

By on February 27, 2015 at 2:28 PM.

Google is proposing a crazy new futuristic campus – here are some awesome renders

Apple has gotten a lot of attention for the work it’s doing with its so-called “Spaceship” campus but it turns out Google is looking to build an insane-looking futuristic campus of its own. Google on Friday revealed plans to build a massive new campus in the North Bayshore area of Mountain View, California and it posted some absolutely stunning renders of the proposed campus on its Google+ page. More →

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iPhone vs. Android Profits Q4 2014

Apple makes nearly eight times as much money as all Android vendors combined

By on February 26, 2015 at 3:40 PM.

Apple makes nearly eight times as much money as all Android vendors combined

A new report from Strategy Analytics sheds further light on the state of the smartphone business in the fourth quarter last year, confirming once again the profound effect the iPhone 6 had on the industry. The analytics company revealed that during Q4 2014, Android only managed to capture 11% of the global smartphone profit share, a record-low for Google’s ecosystem, while Apple took home a record-high 89% of all smartphone profits. More →

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Samsung Electronics Frozen Wages

More signs of trouble emerge for Samsung

By on February 26, 2015 at 2:40 PM.

More signs of trouble emerge for Samsung

In light of falling profits, Samsung is freezing wages for all of its employees in South Korea, Reuters reported on Thursday. This is the first time the company has elected to freeze wages since the international financial crisis in 2009, which goes to show just how seriously Samsung is taking this recent downturn. More →

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How To Get A Job At Apple

How to get a job at Apple: Designer reveals Apple’s insane hiring process

By on February 25, 2015 at 12:09 PM.

How to get a job at Apple: Designer reveals Apple’s insane hiring process

By all accounts, Apple can be a difficult place to work. In fact, it seems that just getting there is a chore. Information Age directs our attention to a new blog post from U.K.-based UX designer Luis Abreu, who recently had his application to work for Apple rejected despite going through “three screenings, five FaceTime calls and a trip to Cupertino.” More →

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