Hulu is giving cable companies yet another reason to worry. According to a recent report from The Wall Street Journal, Hulu is currently developing a new subscription service that would allow customers to stream live feeds of broadcast and cable channels, similar to what Sling TV and PlayStation Vue offer.
We’ve been down this path before, but it’s looking increasingly likely that this may in fact be the last time. After a big mistake turned Dorian Nakamoto’s life upside down in 2014 when Newsweek unmasked the wrong man, the true Satoshi Nakamoto has seemingly come forward in a blog post and a coordinated reveal with several news agencies. Australian Craig Wright claims to be the inventor of popular cryptocurrency Bitcoin, and he apparently has provided technical evidence to back up his claim by providing keys tied to coins that are widely known to be in the possession of Bitcoin’s inventor. More →
Remember back when email chains were a thing? Instead of sharing anything and everything you find online using Facebook, Twitter and other social media sites, people would pass along anecdotes via email. Several of these chain emails would reach your inbox each day, and you’d forward the best and most inspirational among them to everyone on your contact list. And the best part about them, of course, was that the stories they recounted were almost always completely and utterly fake.
We were reminded recently of these silly chain emails by an inaccurate story currently making the rounds online claiming to recount the inspiring last words of late Apple cofounder Steve Jobs. Interestingly, the passage was still moving enough to inspire a billionaire even though it doesn’t recount Jobs’s final words at all. More →
This has been an incredibly difficult week for Apple. The company shed more than $40 billion in market capitalization on Tuesday evening following its fiscal first-quarter earnings report, which showed a much steeper decline than Wall Street was expecting in both profit and iPhone sales. Then, just one day later, tragedy struck Apple’s Cupertino, California headquarters when one of the company’s employees was found dead in a conference room on campus.
The story is still unfolding two days later. More →
With iPhone sales down, perhaps temporarily, Apple CEO Tim Cook indicated during the company’s earnings conference call this week that Apple is always on the look out for exciting new technologies and companies to acquire. Not only that, Cook suggested that Apple would be willing to shell out big bucks for a blockbuster acquisition if the right opportunity arose.
We’re always looking in the market about things that could complement things that we do today, become features in something we do, or allow us to accelerate entry into a category that we’re excited about,” Cook explained. Later on, Cook added that Apple “would definitely buy something larger than we bought thus far.”
Apple on Thursday morning issued an official statement after a man was found dead on Wednesday at Apple’s corporate headquarters in Cupertino, California. Officials from the Santa Clara County’s Sheriff’s Department confirmed on Wednesday that they responded to a call around 8:35 a.m. local time stating that there was a “person down” on Apple’s Cupertino campus. Upon arriving at the scene they discover the body of a deceased male. The coroner is currently examining the body and the cause of death has not yet been confirmed, but reports suggest that the victim died of a self-inflicted gunshot wound.
Now, Apple has released a statement confirming that the deceased man was indeed an Apple employee. More →
How many streaming DreamWorks movies does it take to eat through a Comcast data cap?
Following rumors that suggested a deal was imminent, Comcast-owned NBCUniversal has announced that it will acquire top animation studio DreamWorks for $41 a share. That figure represents a 27% premium over Wednesday’s close, and it works out to a total of roughly $3.8 billion. DreamWorks Animation will become part of Universal Pictures and will be lumped into the company’s Filmed Entertainment Group.
DreamWorks co-founder and CEO Jeffrey Katzenberg will become chairman of the newly formed entity, which will be called DreamWorks New Media moving forward. Katzenberg will also act as a consultant to NBCUniversal as part of the deal. More →
Remember how Apple got a little crafty and bulked up its holiday quarter by playing around with the iPhone 6s launch? Well guess what happened when Samsung shifted its Galaxy S7 launch earlier in the year — you got it, a big performance boost in the first quarter. Hot off of Apple’s first ever quarterly decline in iPhone sales, Samsung reported first-quarter earnings on Thursday morning that showed a healthy 14% rise in profit. The company had strong Galaxy S7 and Galaxy S7 edge shipments to thank for the performance boost, which marked Samsung’s strongest profit growth in three years. More →
Authorities in California are investigating a death at Apple’s headquarters in Cupertino after a body was found early this morning in a conference room. Details are extremely limited right now and local news channel KTVU broke the story. Apple has not yet commented and police have not released the identity of the person found deceased. It’s not even clear at this point if the body has been identified at all. More →
Apple shed more than $40 billion in market capitalization in mere minutes on Tuesday afternoon as the company reported its first revenue decline in more than a decade and its first iPhone sales decline ever. But Apple didn’t just report declines, it reported huge declines and missed Wall Street’s earnings estimates by a shockingly wide margin.
iPhone sales plummeted to 51.2 million units from 61.17 million in the same quarter last year. Earnings per share fell to $1.90 while analysts were expecting $2.00 or more. Revenue sank by nearly $7.5 billion on-year.
There’s a whole lot of money to be made in streaming content to computers and mobile devices, and big media companies have no intention of letting Netflix and Amazon dominate the market without a fight. Companies from HBO and Showtime to Hulu and Verizon have all launched subscription streaming services in an effort to chase cord cutters and “cord nevers” who don’t pay for cable or satellite television service, and the streaming market is expected to continue to grow in the coming years.
Now, Time Warner has tossed its hat into the ring in announcing a new streaming service of its own. While the media giant’s plan certainly seems interesting, its new service isn’t likely to keep any Netflix executives up at night. More →
Apple’s second-quarter earnings report for fiscal 2016 is historic for all the wrong reasons. The iPhone has driven growth at a breakneck pace for nearly a decade now, and has helped Apple consistently post on-year sales and profit growth in every quarter. But in the March quarter this year, Apple’s revenue declined for the first time in 13 years as the pillar on which Apple has stood since 2007 finally began to crack. For the first time ever, Apple’s iPhone sales declined, dropping significantly in fiscal Q2 2016 compared to the same period a year ago. More →
Relative to how fast things typically move in the auto industry (read: not fast at all), Tesla’s emergence as a forward-thinking and revolutionary car company seemingly came out of nowhere. While traditional automakers over the years have been quick to scoff at Tesla’s prospects for long-term success, the success of the Model S and the recent explosion in Model 3 reservations underscore that Tesla is here to stay.
Speaking to how Tesla is completely turning the auto industry on its head, just yesterday we highlighted a video featuring a drag race between a Tesla Model X and a Ferrari F430. Impressively, the Model X managed to hold its own against the F430 for far longer than you might imagine.