The iPhone, Apple’s flagship smartphone since its introduction five years ago, is an unmitigated success no matter how you look at it. In terms of technology, it is the benchmark that other smartphones strive to reach when they release their new models. In terms of business, it is a ‘cash cow’ for the innovative Cupertino, [...]
Verizon Communications booked a fourth quarter net loss of $2.02 billion from the overall sales of $28.4 billion, despite the rise of 7.7 percent from the same period in the previous year. From the $2.64 billion netted in the same quarter in 2010 or 93 cents per share, Verizon posted a net loss per share [...]
Bank of America (NYSE:BAC) launched a test for a new online deals program on Tuesday that aims to provide cash rebates on customers who frequently engage on online shopping. The scheme will be known as ‘BankAmeriDeals’ and the technological infrastructure will be provided by Cardlytics, according to Bank of America official, David Godsman. Cardlytics operates [...]
A survey conducted by Bloomberg is showing that Nokia has sold about 1.3 million Lumia Windows Phones since its European release in November. Bloomberg’s estimates were compiled by averaging the projections of 22 analysts, and all but one of them predicted less than one million units sold. These figures were limited to sales to retailers [...]
Telcos witnessed plunging earnings in the last quarter of 2011, which analysts said were mostly caused by device subsidies offered by service providers in order to draw more attention from subscribers. Both AT&T and Verizon are slated to release their financial reports this week that according to experts will reflect one common indicator – shrinking [...]
Estimations published by RBC Capital are indicating that e-books, videos and programs for the Amazon Kindle Fire may account for close to $140 extra revenue per device. That’s almost 70 percent the cost of a stand-alone Kindle Fire, which is priced at $199. Many business analysts were initially skeptical about the Kindle Fire’s chances of [...]
The battle for smartphone supremacy can be seen as a handicap match of sorts. Apple’s iOS platform has only one representative, the iPhone, while on the other hand, there are several Android phones making up the market share of Google’s operating system. According to a survey from Nielsen, the iPhone 4S, again the lone bearer [...]
Disturbing incidence of foreclosures continue to hound the housing market in Illinois, suppressing homes prices in the process but allowing for considerable spikes in sales, at least in the last month of 2011. Latest figures from the Illinois Association of Realtors showed that home sales in the state climbed by 14% in December to 8,828, [...]
More Canadians were able to purchase new homes in the last month of 2011, according to the new data released by the Canadian Real Estate Association (CREA), which attributed the rise to low interest rates and steady house prices. Home ownership soared by 1.8% in December, pushing for the national total sales to peak by [...]
Samsung experiences great Galaxy S2 sales in South Korea, as the company reportedly sold 5 million units just in its homeland. Being a native to the country, it is not surprising that the multinational tech giant faces quite the same amount of success that it has acquired in foreign territories. It can be noted that [...]