During the company’s highly anticipated WWDC 2012 keynote, Apple unveiled new MacBook Air and MacBook Pro laptops, so of course, the company provided new details regarding OS X Mountain Lion as well. While OS X 10.8 Mountain Lion includes more than 200 new features, Apple focused on just a few key items when discussing OS X on Monday: More →
Apple on Monday showed off the next generation of MacBook Pro computers, complete with Retina displays, at WWDC 2012 in San Francisco. The new laptop will feature a display screen that is 15.4-inches wide and features an industry-best 2800 x 1800-pixel resolution, or 220 pixels per inch. To make things even more enticing, Apple says that it has reduced the glare on its new screen by 75%. More →
Apple on Monday during its annual Worldwide Developers Conference in San Francisco announced upgrades to its MacBook Air and Macbook Pro lineup. The new MacBook Air is equipped with an Ivy Bridge processor and can be clocked up to 2GHz. The ultra thin computer also supports up to 8GB of RAM and up to 512GB of Flash storage, along with a new 720p FaceTime camera and USB 2.0 and 3.0 ports on each side. The 11-inch MacBook Air will be available today for $999, while the 13-inch model will start at $1199. The Cupertino-based company also announced improvements to its MacBook Pro lineup, which include Intel’s new Ivy Bridge processor, NVIDIA GeForce GT 650m graphics and USB 2.0 and 3.0 support. The 13-inch MacBook Pro will start at $1199 and will ship today.
Apple’s annual Worldwide Developer Conference started with a bang on Monday as Apple CEO Tim Cook took the stage to begin the company’s WWDC 2012 keynote. To be fair, Siri actually made the first appearance to kick off the show by telling a few jokes — including some pokes at Android and its dessert-related naming convention — before Cook took the stage. As has been the case in years past, the chief executive began the show with a quick rundown of some key numbers to help put Apple’s current position in perspective, and Cook did not fail to impress. More →
AT&T on Monday became the final major carrier in the United States to reveal preliminary launch details for Samsung’s latest flagship Android phone, the Galaxy S III. The nation’s No.2 carrier confirmed that its version of the Galaxy S III will become available for preorder on June 6th for $199.99 on contract. AT&T also noted that it will offer a red version of the flagship smartphone that will be exclusive to its network in the U.S. “The addition of the Samsung Galaxy S III to our portfolio of 4G-LTE devices gives our customers another truly cutting-edge smartphone to choose from,” said Jeff Bradley, senior vice president, Devices, AT&T Mobility. “With an exclusive red color this summer and the power of the nation’s largest 4G network, AT&T delivers the best wireless experience for Galaxy S III fans.” The Samsung Galaxy S III features a 4.8-inch Super AMOLED display, Android 4.0 Ice Cream Sandwich, S Voice, AllShare Play, 4G LTE connectivity and a dual-core 1.5GHz Snapdragon processor. AT&T’s full press release follows below. More →
Verizon Wireless on Monday became the first wireless carrier in the United States to announce launch details for Samsung’s next-generation flagship smartphone, the Galaxy S III. The nation’s No.1 carrier confirmed that preorder availability will begin on June 6th, and the Galaxy S III will start at $199.99 for the 16GB model. The 32GB model will cost $249.99 with a two-year contract, and both models will be available in either white or blue. Verizon’s version of the Galaxy S III will feature a 4.8-inch Super AMOLED display, Android 4.0 Ice Cream Sandwich, S Voice, AllShare Play, 4G LTE connectivity and a dual-core 1.5GHz Snapdragon processor in place of Samsung’s quad-core Exynos chipset, which is found on the international version of the Galaxy S III. Verizon’s full press release follows below.
UPDATE: T-Mobile announced preliminary Galaxy S III launch details as well on Monday, as did Sprint and AT&T. More →
RIM has hired JP Morgan to “assist in reviewing RIM’s business and financial performance”:
To further enhance our commitment to successfully completing our transformation, after the release of our year-end financial results, we engaged J.P. Morgan Securities LLC and RBC Capital Markets to assist the Company and our Board of Directors in reviewing RIM’s business and financial performance. These advisors have been tasked to help us with the strategic review we referenced on our year-end financial results conference call and to evaluate the relative merits and feasibility of various financial strategies, including opportunities to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives.
This is relatively straight forward. RIM is reporting that the company will continue to lose money through their transitional period for the next few quarters, and RIM has hired JP Morgan and RBC to advise them on the best (or what available) road to take. BGR reported that RIM was pushing for a sale of the entire company to Samsung earlier this year, but RIM wanted an insanely high number — around $10 billion — and Samsung has denied talks ever having place. RIM is currently trading at around $10 a share, making the company worth about half of what they originally wanted in a sale.
Bold emphasis ours, full press release follows.…
The Samsung Galaxy S III is finally real, and it’s just about everything we have reported it would be, though the specs have been dialed back a bit in some areas. The super-smartphone features an insanely fast 1.4GHz quad-core processor, a 4.7-inch HD display, an 8-megapixel camera with 1080p HD recording, 1GB of RAM and of course, 4G LTE. It’s all tightly packed into a slim case that is just 8.6 millimeters thick. Samsung is launching the Galaxy S III on May 29th in Europe and in the coming months, nearly 300 carrier partners will offer the phone. It will start to appear on local carriers in the United States some time this summer, and it will be the official phone of the Olympic Games in London this summer. Samsung’s full press release follows below along with a video. More →
Apple has just announced that the company’s Worldwide Developer Conference will take place in San Francisco from June 11th to June 15th. Apple is providing over 100 sessions on iOS and OS X, in addition to a student scholarship program. Press release is after the break.
UPDATE: Tickets for WWDC 2012 have sold out in less than two hours.
After a rough month that saw Apple’s stock tumble nearly $90 from a high of $644 earlier this month to as low as $555.18 on Tuesday, Apple reported its earnings for the second fiscal quarter on Tuesday after the market closed. Following a last-minute round of panic that swept Wall Street, Apple posted a net profit of $11.6 billion, or$12.30 per share — up 94% year-over-year — on revenue of $39.2 billion, crushing the Street’s consensus. Analysts were expecting earnings of $10.06 per share on $36.81 billion in sales. Read on for more. More →
AT&T announced on Wednesday that the HTC One X smartphone will launch on May 6th for $199.99 on contract. Pre-orders will begin on April 22nd, in line with an earlier report from BGR. The flagship smartphone features a dual-core 1.5GHz Qualcomm Snapdragon processor, a 4.6-inch 720p HD display, an 8-megapixel rear camera, a 1.3-megapixel front-facing camera, 16GB of internal storage, 1GB of RAM and Sense 4 on top of Android 4.0 Ice Cream Sandwich. AT&T’s full press release follows below along with a video. More →
Best Buy on Tuesday announced that its director and chief executive officer Brian Dunn has resigned from the company effective immediately. Director G. Mike Mikan has been named interim CEO as the company searches for a new chief executive. “I have enjoyed every one of my 28 years with this company, and I leave it today in position for a strong future. I am proud of my fellow employees and I wish them the best,” Dunn said in a statement. Best Buy recently announced plans to shutter 50 retail stores as part of an effort to cut costs, and the company missed Wall Street’s revenue consensus when it reported its fourth-quarter earnings last month. Best Buy’s stock is trading up 2.75% on the news. The company’s full press release follows below.
Facebook is acquiring Instagram for $1 billion, and Instagram’s team will be joining Facebook. Mark Zuckerberg announced the deal in a Facebook post:
I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.
For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.
We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.
That’s why we’re committed to building and growing Instagram independently. Millions of people around the world love the Instagram app and the brand associated with it, and our goal is to help spread this app and brand to even more people.
We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.
These and many other features are important parts of the Instagram experience and we understand that. We will try to learn from Instagram’s experience to build similar features into our other products. At the same time, we will try to help Instagram continue to grow by using Facebook’s strong engineering team and infrastructure.
This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users. We don’t plan on doing many more of these, if any at all. But providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.
We’re looking forward to working with the Instagram team and to all of the great new experiences we’re going to be able to build together.