iPhone sales to continue declining until ‘iPhone 5’ launch, Canaccord says

By on April 19, 2012 at 10:00 AM.

iPhone sales to continue declining until ‘iPhone 5’ launch, Canaccord says

Sales of Apple’s popular iPhone line of smartphones will continue to decline until the next-generation model launches later this year according to one analyst. Mike Walkley of Canaccord Genuity on Thursday raised his price target on shares of Apple stock to $740, reiterating a Buy rating. Walkley believes that Apple will post strong results for the second fiscal quarter ended in March, however he lowered his EPS estimates for fiscal 2012 to $43.13 from $44.58. Read on for more. More →

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Apple downgraded as carriers prepare to stunt iPhone growth

By on April 9, 2012 at 10:30 AM.

Apple downgraded as carriers prepare to stunt iPhone growth

Following a huge week that saw Apple’s stock climb above $630 amid a fresh round of analyst upgrades, one analyst isn’t sold on the notion that smooth sailing is assured in the immediate future for the world’s most valuable company. BTIG Research analyst Walter Piecyk thinks Apple is set to report blowout earnings for the second fiscal quarter — he sees Apple earning $10.75 per share on sales of $40 billion in the quarter, versus Wall Street’s consensus of $9.81 and $36 billion — but he downgraded Apple’s stock to Neutral from Buy, noting that it’s time for investors to “take a breather.” Read on for more. More →

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AT&T to begin unlocking iPhones this Sunday

By on April 6, 2012 at 1:40 PM.

AT&T to begin unlocking iPhones this Sunday

AT&T plans to soon begin unlocking off-contract iPhones for customers with accounts in good standing who request that their devices be unlocked. Unlocking a handset allows the device to operate on any GSM network rather than just the network for which it was purchased, and AT&T does not currently provide customers customers with unlock codes for Apple’s iPhone. Engadget reported on Friday that the carrier was planning to amend its policy beginning this Sunday, and BGR was able to confirm the news with an AT&T spokesperson. “Beginning Sunday, April 8, we will offer qualifying customers the ability to unlock their AT&T iPhones,” the spokesperson said in an emailed statement. “The only requirements are that a customer’s account must be in good standing, their device cannot be associated with a current and active term commitment on an AT&T customer account, and they need to have fulfilled their contract term, upgraded under one of our upgrade policies or paid an early termination fee.” More →

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Is the iPhone fragmented? iOS adoption measured against Android

By on April 5, 2012 at 11:15 AM.

Is the iPhone fragmented? iOS adoption measured against Android

The iPhone’s unprecedented success stems from the combination of multiple factors, not the least of which are Apple’s industry-leading design prowess and its ability to make software that appeals to enthusiasts and mass-market users alike. The culture and hype surrounding Apple products doesn’t hurt either, of course. Where the overall experience is concerned, Apple wisely created a scenario that gives it control of both hardware and software, removing carriers from the equation to an extent and ensuring the end user enjoys the experience Apple envisions without any substantial impediments. Despite this ideal scenario, some industry watchers maintain that fragmentation is unavoidable to some degree, and this issue exists in the iOS ecosystem just as it does with Android. More →

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iPhone 4S remains best-selling U.S. smartphone in March, Samsung gains share

By on April 2, 2012 at 1:35 PM.

iPhone 4S remains best-selling U.S. smartphone in March, Samsung gains share

Apple’s wildly popular iPhone 4S retained its position atop the smartphone ranks in the United States last month according to new data analyst data. Checks performed by Canaccord Genuity analyst Mike Walkley and his team found that Apple’s latest iPhone was the best-selling smartphone at Verizon Wireless, AT&T and Sprint in March, continuing a trend that began when the device first launched last October. “Our March channel checks indicated stronger sell-through trends versus February levels with sales rebounding after a slow start to 2012,” Walkley wrote in his report. “During March, our checks indicated the iPhone 4S remained the top smartphone in the U.S. market and Samsung gained share as smartphone penetration grows in U.S. prepaid channels.” Samsung’s Galaxy S II smartphone was ranked No.2 at AT&T and Sprint once again, and the device was the best-selling smartphone at T-Mobile, which still doesn’t offer Apple’s popular phone. Motorola’s DROID RAZR and DROID RAZR MAXX took the No.2 spot at Verizon, and the HTC Amaze was No.2 at T-Mobile. A table outlining Canaccord’s numbers follows below. More →

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Topeka: ‘Apple fever has more room to run’

By on April 2, 2012 at 12:30 PM.

Topeka: ‘Apple fever has more room to run’

The world’s most valuable company is showing no signs of slowing down, and numerous industry watchers believe Apple will continue to grow despite increased competition from rivals like Samsung. Topeka Capital Markets, new home to analyst Brian White, on Monday initiated coverage of Apple with a Buy rating and a sky-high $1,001 price target. “Driven by an ever expanding portfolio of innovative products, a growing integrated digital grid, unmatched aesthetics and a brand that is able to touch the soul of consumers of all backgrounds, Apple fever is spreading like a wildfire around the world and we see no end in sight to this trend,” White wrote in a note to investors on Monday. Read on for more. More →

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Apple hit with second class action suit over poor Siri performance

By on March 29, 2012 at 3:10 PM.

Apple hit with second class action suit over poor Siri performance

A class action lawsuit was filed in New York against Apple earlier this month, alleging that the company’s “misleading and deceptive” iPhone 4S ads depicted Siri as responsive and helpful. The complainant, Frank Fazio, argues that Siri is unresponsive and it often fails to understand what is being asked of it. Earlier this week, another class action suit was filed in Los Angeles that makes similar allegations, Los Angeles Times reports. “Through its nationwide multimedia marketing campaign, Apple disseminates false and deceptive representations regarding the functionality of the Siri feature,” the suit claims. “For example, in many of Apple’s television commercials, consumers are shown using Siri to make appointments, find restaurants, and even to learn the guitar chords to classic rock songs. In its advertisements, Apple depicts these tasks as easily accomplished ‘just by asking’ Siri.” It continues, “Apple’s deceptive commercials diverge greatly from the actual functionality and operation of the Siri feature as experienced by Plaintiff and fellow consumers.” The suit seeks relief and damages for the complainant and everyone else in the country who purchased an iPhone 4S. More →

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New Apple CEO goes where Steve Jobs would not

By on March 29, 2012 at 9:10 AM.

New Apple CEO goes where Steve Jobs would not

Steve Jobs took particular care to ensure the company he created continued to operate at the high levels he demanded after he left. Thanks to the processes he put in place, the procedures he pined over and the products he helped mastermind, Apple’s last quarter was the biggest ever among technology companies, and Apple is currently the most valuable company in the world. But current Apple CEO Tim Cook has brought change to the company he now runs, and how that will affect Apple in the long term remains to be seen. As Cook continues to separate himself from his predecessor in a number of ways, the executive visited China recently to put himself on the front lines of Foxconn’s new iPhone factory in Zhengzhou, China, which will employ 120,000 people according to Bloomberg. Foxconn’s facilities recently underwent an Apple-prompted series of inspections by the Fair Labor Association, which is expected to release a report on its findings soon. Another image of Cook at Foxconn’s Zhengzhou factory follows below. More →

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iPhone passcode security can be bypassed in less than two minutes [video]

By on March 28, 2012 at 11:45 AM.

iPhone passcode security can be bypassed in less than two minutes [video]

As a standard security measure, Apple’s iPhone can be set to require a four-digit passcode  whenever the phone’s screen is powered on in order to prevent unauthorized access. With passcode security enabled, a user’s information is theoretically kept private if his or her device ever falls into the wrong hands. A recent Forbes report reveals that law enforcement agencies can bypass the iPhone’s passcode requirement in less than two minutes, however, gaining access to all of the private data stored on the devices. Read on for more. More →

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Sprint CEO defends company’s decision to bet it all on Apple’s iPhone

By on March 21, 2012 at 10:05 AM.

Sprint CEO defends company’s decision to bet it all on Apple’s iPhone

Sprint chief executive Dan Hesse is being watched closely by the company’s board of directors, but the CEO has to answer to investors and subscribers as well. Last year in October, Hesse revealed that the company is placing a massive $15.5 billion bet on Apple’s iPhone, and in a recent interview with the GSMA’s Mobile World Live blog, Hesse defended the move, which has been criticized by a number of industry watchers. Read on for more. More →

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Death once had a near-Chuck Norris experience; now iPhone users can as well

By on March 20, 2012 at 12:05 PM.

Death once had a near-Chuck Norris experience; now iPhone users can as well

The man who counted to infinity twice is invading iPhone 4S handsets around the world thanks to an incredibly useless but fantastically amusing Siri tweak. iOS developer Wonderbread recently released an add-on dubbed “Chuck Norris Facts” for the AssistantExtensions platform that brings powerful new functionality to Apple’s voice-controlled virtual assistant, Siri. After installing AssistantExtensions and the Chuck Norris Facts add-on, the command “let’s chat” will activate AssistantExtensions’ chat-bot feature, and users who dare to speak his name can simply say “Chuck Norris” to hear Siri reply with one of countless faux factoids from the popular Chuck Norris facts meme. Chuck fans will need to jailbreak their iPhones in order to download and install the tweak from the Cydia app store, and caution is recommended when jailbreaking or when doing anything involving Chuck Norris — there used to be a street named after Chuck Norris, but it was changed because nobody crosses Chuck Norris and lives.

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Nokia is building a revolutionary new phone to combat the ‘poorly designed’ iPhone

By on March 20, 2012 at 10:10 AM.

Nokia is building a revolutionary new phone to combat the ‘poorly designed’ iPhone

Nokia’s upcoming Lumia 900 Windows Phone could be the first smartphone running Microsoft’s mobile operating system to really make a splash in the United States. BGR exclusively reported that the new flagship 4G handset will hit AT&T store shelves late next month alongside a massive marketing blitz and a big subsidy program that will leave the phone with a surprisingly low $99.99 price tag. As impressive as the Lumia 900 is shaping up to be, however, Nokia is apparently working on another smartphone with new technology that will blow us all away. Read on for more. More →

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Apple’s iPhone 4S cleared of infringement claims in the Netherlands

By on March 14, 2012 at 1:15 PM.

Apple’s iPhone 4S cleared of infringement claims in the Netherlands

A Dutch judge on Wednesday ruled that the iPhone 4S does not infringe Samsung’s patents, Dutch website Tweakers reported. The Hague court has not yet ruled whether Apple’s earlier models and iPad 2 tablet infringe the vendor’s patents due to different implementations of 3G technology that may be protected. Samsung accused Apple’s iPhone 4S of infringing its industry essential 3G patent, although Qualcomm already licensed the technology for the chip, which is found within Apple’s handset. Apple’s earlier devices, however, use 3G chips supplied by Intel subsidiary Infineon, which reportedly never licensed the technology from Samsung. The court also ruled that, because of Apple’s negotiation efforts, the Cupertino-based company’s products can remain on sale in the Netherlands throughout the remainder of the trial. More →

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