Social gaming giant Zynga has just added another notch to its belt. This one was created with a very specific niche in mind – targeting women gamers on mobile platforms. The company in question is Wild Needle, which was created by the co-founder of successful game company Playdom Rick Thompson. Playdom was acquired in 2010
Tag Archives: million
Zynga Wild Needle acquisition estimated at $3.8 million
Posted by Gsurface
on May 15, 2012
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Stock Photography Service Shutterstock Files For IPO, Plans To Raise Up To $115 Million
Posted by Gsurface
on May 14, 2012
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The online stock photography service Shutterstock filed its plans for an initial public offering today. The company plans to list its stock on the New York Stock Exchange. The number of shares to be offered and the price range for the offering haven’t been decided yet, but the company’s S-1 filing with the Securities and Exchange Commission (SEC) notes that it plans to raise around $ 115 million through this IPO. That’s the number Shutterstock used to estimate its filing fees with the SEC, though, so the actual size of the IPO could still turn out to be different.
TechCrunch
Beyonce will have to face $100+ million video game lawsuit
Posted by Gsurface
on May 12, 2012
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After Beyonce pulled out of a deal to do a dance-themed video game, she was served with a $ 100+ million lawsuit from the video game company that struck the deal. She had applied to have the suit thrown out, but today a Manhattan judge decided that the request was “meritless,” which means the suit will
Sony PlayStation Vita sales hit 1.8 million
Posted by Gsurface
on May 12, 2012
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Although the sales of Sony’s new gaming handheld had an inexplicably slow start, the company says that it had reached a more admirable 1.8 million unit sales by the end of its fiscal year, which ended in March. In February, Sony Computer Entertainment CEO Kaz Kirai sais that slaes were at 1.2 million units. That
Saas For Cows! Farmeron Raises $1.4 Million *Seed* to Ease Farmer’s Lives
Posted by Gsurface
on May 10, 2012
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A lot of people in Silicon Valley are pretty obsessed with organic this and that. One or two startups have looked at the whole connecting-fams-with-consumers-directly model, even. So it’s odd that it’s taken a startup from little old Croatia to realise that it’s the farmers themselves that could use a little help. And let’s not be perochial about this. Farming is big business. The ‘market’ of medium and corporate-size farms around the world is worth a juicy $ 12 billion – but as of today it’s often run on outmoded systems. Thus, Farmeron.com, a startup billing itself as one of the world’s first agricultural SaaS companies, plans to change all that. It’s closed a $ 1.4 million seed (one time this word is highly appropriate) round co-led by Lee Hower of NextView Ventures and Jeff Clavier of SoftTech VC. Other prominent angels – Evan Nisselson of LDV Capital, Niko Hrdy, Taavet Hinrikus - also participated.
The funds wil be used to hire key management team members and to staff sales and support teams both in US and Europe.
TechCrunch
Facebook Granted About $796 Million In Restricted Stock To Employees This Month
Posted by Gsurface
on May 9, 2012
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More Facebook riches all around! The company granted about $ 796 million in restricted stock units to employees less than a week ago, according to an amended IPO filing.
These are ”employee refresher grants,” or new grants for employees. They don’t replace existing ones. These restricted stock units, or RSUs, could be worth anywhere from $ 707 million to $ 884 million based on Facebook’s expected $ 28 to 35 price range per share. Of course, if people hold on for longer and the stock pops by the time their lock-up period finishes, these shares could be worth a great deal more.
TechCrunch
Toshiba made $898.8 million dollar profit, could manage to lend you twenty bucks
Posted by Gsurface
on May 8, 2012
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Toshiba isn’t going with the flow this financial season, bucking the trend and posting a healthy (albeit reduced) net profit of 73.7 billion yen ($ 898.8 million). Whilst down from $ 1.7 billion in 2010, the company points to the European debt crisis, Japanese Earthquake and high oil prices as the barriers to further success. Unlike its local rivals, Tosh branched out early into “social infrastructure,” building everything from radiation detectors, power plants and LED light bulbs — businesses that made a stack of cash while its computer and TV businesses slumped. Unencumbered by these crises in the future, the company is projecting to make $ 1.68 billion across the next 12 months — at which point it might treat itself to a spa day, or something.
Continue reading Toshiba made $ 898.8 million dollar profit, could manage to lend you twenty bucks
Toshiba made $ 898.8 million dollar profit, could manage to lend you twenty bucks originally appeared on Engadget on Tue, 08 May 2012 05:21:00 EDT. Please see our terms for use of feeds.
T-Mobile expands HSPA+ 42, picks LTE vendors and notches 1 million VoIP users
Posted by Gsurface
on May 8, 2012
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With CTIA 2012 getting under way, T-Mobile is the latest company to check in with an announcement, proudly informing the world of the latest developments in its 4G expansion efforts and Bobsled VoIP service. On the 4G (not faux G) front, it’s selected “Release 10″ hardware from Ericsson and Nokia Siemens Networks to support the $ 4 billion LTE rollout the company is undertaking (using AWS spectrum acquired from AT&T) starting this year and will continue through 2013. While nationwide LTE should be reality next year, right now T-Mobile is delivering HSPA+ to new markets, with HSPA+ 42 live today in Fayetteville and Little Rock AR, Lake Charles LA and Springfield, MO. Due later in the year, as expected, is 4G HSPA_ on the 1900 MHz band that should bring faster speeds, better building penetration and 4G access for the iPhone. While we’re still not sure how the free Bobsled VoIP service figures into the company’s plans, the company announced it has already broken through one million users. According to its stats, 95 percent are not T-Mobile wireless customers and 80 percent of calls originate from outside the country, however 90 percent of text messages sent are domestic. All the numbers and locations are in the press releases after the break, if you want to hunt down some high speed data action for yourself.
Continue reading T-Mobile expands HSPA+ 42, picks LTE vendors and notches 1 million VoIP users
T-Mobile expands HSPA+ 42, picks LTE vendors and notches 1 million VoIP users originally appeared on Engadget on Mon, 07 May 2012 22:54:00 EDT. Please see our terms for use of feeds.
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Rovio makes a Mighty Eagle’s $68 million in profit in financial squawk
Posted by Gsurface
on May 7, 2012
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It’s inspired artwork, sketch shows and even a Pomplamoose cover, but flinging feathery fowl is ultimately a serious business. Rovio has announced that in 2011, it made a huge $ 106.3 million turnover and a whopping $ 67.6 million in profit (before tax). Fueled by the success of Angry Birds, Seasons and Rio, the company grew by a factor of eight in the last year, from 28 employees all the way to 224. The company adds that the three games were downloaded 648 million times and are now used by 200 million daily users, while sales of merchandise contributed to around 30 percent of the total revenue. The report adds that the only barrier to future profits is if people stop buying new smartphones, but we’re not sure that’s likely to be the case for a while.
Continue reading Rovio makes a Mighty Eagle’s $ 68 million in profit in financial squawk
Rovio makes a Mighty Eagle’s $ 68 million in profit in financial squawk originally appeared on Engadget on Mon, 07 May 2012 15:23:00 EDT. Please see our terms for use of feeds.
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The $1 million electric supercar goes on sale
Posted by Gsurface
on May 5, 2012
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Only 88 of the 1,088-horsepower Croatian electric car will be sold — for a hefty price.
[Read more]
CNET News
Google FTC fine over Safari breach could be $10 million+
Posted by Gsurface
on May 5, 2012
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After the Federal Trade Commission (FTC) concluded that Google violated Internet privacy standards in the way that it interacted with Apple’s Safari Web browser, the question is now how much the search giant will have to pay in fines. Based on the huge number of individual instances of privacy violations, Google could technically be forced
In Australia, Google Pays Just $74k Tax On Claimed Revenues of $200 Million
Posted by Gsurface
on May 5, 2012
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daria42 writes “Looks like Apple isn’t the only company with interesting offshore taxation practices. The financial statements for Google’s Australian subsidiary show the company told the Australian Government it made just $ 200 million in revenue in 2011 in Australia, despite local industry estimating it actually brought in closer to $ 1 billion. The rest was funnelled through Google’s Irish subsidiary and not disclosed in Australia. Consequently the company only disclosed taxation costs in Australia of $ 74,000. Not bad work if you can get it — which Google apparently can.”
Read more of this story at Slashdot.
Techlandia: Portland 100 Wants To Help Local Startups Grow To $100 Million
Posted by Gsurface
on May 4, 2012
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Portland, OR isn’t just a place where young people go to retire and hang out at urban wineries. The city also plays host to a fair number of prominent startups, including companies like Urban Airship, JanRain, Simple and Puppet Labs, as well as outposts of established players like Intel, Microsoft, IBM and eBay. To keep this momentum going, the Software Association of Oregon (SAO) launched two new initiatives this week: Portland 100 – a pilot program that will help select tech startups with finding mentors, talent and resources – and Techlandia.org. The idea behind this program is to help the region’s most promising startups to scale their businesses and attract talent.
TechCrunch
A $100 Million Boost for Competition in Health Care
Posted by Gsurface
on May 3, 2012
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Castlight Health aims to shed light on the costs of medical procedures.
Castlight Health, a startup that lets self-insured employers and their employees comparison shop for medical procedures, raised $ 100 million in Series D funding this week. That’s reportedly one of the largest venture rounds on record in health IT and could signal an IPO down the road.
Mobile Security Provider Appthority Raises $6.25 Million From Venrock and US Venture Partners
Posted by Gsurface
on May 2, 2012
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Earlier this morning, San Francisco-based mobile app security provider Appthority announced that it has raised $ 6.25 million in a Series A financing round led by Venrock and US Venture Partners. Gunderson Dettmer also participated in this round. Venrock’s Ray Rothrock and US Venture Partners’ Steve Krausz will join the Appthority board.
The company’s product helps businesses manage the risks involved in having their employees bring their own mobile devices to work. Appthority specifically focuses on the apps installed on these devices and screens them for malware and other security threats.
TechCrunch
Nokia could sell luxury Vertu brand to VC firm for $265 million
Posted by Gsurface
on April 30, 2012
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As much as it’d be interesting to see Windows Phone running on a gold-plated cigar lighter, that’s probably never going to happen. According to the UK’s Financial Times, Nokia has been trying to hive off its luxury Vertu brand for months already, and has finally found a suitor with the right cash / sense ratio. Although still far from a done deal, we’re told that venture capitalist firm Permira is willing to contribute up to $ 265 million to Nokia’s needy coffers — which might sound like a lot, but is mere costume jewelry to a manufacturer that just lost $ 1.7 billion.
Nokia could sell luxury Vertu brand to VC firm for $ 265 million originally appeared on Engadget on Mon, 30 Apr 2012 03:04:00 EDT. Please see our terms for use of feeds.
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Java Application Deployment Platform Jelastic Raises $2 Million from Russian Venture Funds
Posted by Gsurface
on April 25, 2012
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Jelastic, a U.S./Ukrainian/Russian provider of a cloud-based deployment platform for Java apps, has closed a $ 2 million Series A funding round from Russia and CIS-focused Almaz Capital Partners and Foresight Ventures, a global fund with a bias towards Russia and the US.
Jelastic, which competes with Heroku and Google App Engine, offers developers of Java applications a hosted platform based around standard software stacks, which it says helps avoid lock-ins and code changes. The company launched its public beta in October 2011, and since then has picked up over 15,000 unique users.
TechCrunch
35 million iPhones and 11.8 million iPads in Apple Q1
Posted by Gsurface
on April 24, 2012
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With Apple selling 35.1 million iPhones and nearly 12 million iPads over the first financial quarter of 2012, the company’s only more incredible numbers exist in their net profit a whopping 94% increase year-over-year! Apple’s earnings calls are always an impressive event to behold, and this is no exception with Apple’s complete earnings showing their
ZTE aims high, hopes to sell 100 million smartphones by 2015
Posted by Gsurface
on April 24, 2012
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As it dips deeper into the US market, the Chinese phone manufacturer plans to increase sales and release two phablets.
[Read more]
CNET News
Facebook eclipses 900 million users
Posted by Gsurface
on April 24, 2012
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The number of Facebook accounts is almost equal to the entire population of Africa. In fact, it’s about the same as one-seventh of the entire global population. Of course, not all of those people actually log on to the social networking site on a regular basis, but around 60% of them are in fact checking
Best Buy ex-CEO Brian Dunn could get $3.35 million in severance
Posted by Gsurface
on April 23, 2012
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Motorola CEO sees pay nearly quadruple, to $47 million
Posted by Gsurface
on April 21, 2012
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Motorola Mobility CEO Sanjay Jha sees compensation package balloon, as result of successful split of Motorola into two companies, Reuters reports.
[Read more]
CNET News
AMD reports net loss of $590 million for Q1 2012, calls that ‘solid results’
Posted by Gsurface
on April 19, 2012
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We’re not sure about you, but we wouldn’t call losing over half a billion dollars, “solid results.” Still, we’re not 100 percent ready to rain on AMD’s parade yet. The non-GAAP results (which disregard a pile of one-time charges and investments) turn the $ 590 million loss into a $ 92 million profit. Though, the GAAP results do make two straight quarters of losses and revenue clearly continued to decline — falling to $ 1.59 billion. That’s down six percent from last quarter and two percent from the same time period last year. Revenue from the graphics division held steady from last quarter, though, it’s down seven percent year-over-year. For more financial fun hit up the PR after the break.
Continue reading AMD reports net loss of $ 590 million for Q1 2012, calls that ‘solid results’
AMD reports net loss of $ 590 million for Q1 2012, calls that ‘solid results’ originally appeared on Engadget on Thu, 19 Apr 2012 16:40:00 EDT. Please see our terms for use of feeds.
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New York Hits Sprint With $300 Million Lawsuit Over 7 Years Of Tax Dodging
Posted by Gsurface
on April 19, 2012
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Sprint’s had its fair share of problems to deal with as of late, but who knew one of them would be taxes? According to a new flurry of new reports, New York Attorney General Eric Schneiderman has filed a $ 300 million lawsuit against Sprint for (among other things) non-payment of taxes, and falsifying official tax documents.
According to Reuters, Sprint failed to collect (and subsequently pass along) over $ 100 million of taxes from their customers over the past seven years. Schneiderman, who is picking up where a whistle-blower lawsuit filed against the carrier early last year, is seeking three times the amount of Sprint’s underpayment plus additional penalties for good measure.
Judge Grudgingly Awards $3.6 Million In DRM Circumvention Case
Posted by Gsurface
on April 19, 2012
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Fluffeh writes “The case involves an online game, MapleStory, and some people who set up an alternate server, UMaple, allowing users to play the game with the official game client, but without logging into the official MapleStory servers. In this case, the people behind UMaple apparently ignored the lawsuit, leading to a default judgment. Although annoyed with MapleStory (The Judge knocked down a request for $ 68,764.23 — in profits made by UMaple — down to just $ 398.98), the law states a minimum of $ 200 per infringement. Multiply that by 17,938 users of UMaple… and you get $ 3.6 million. In fact, it sounds like the court would very much like to decrease the amount, but notes that ‘nevertheless, the court is powerless to deviate from the DMCA’s statutory minimum.’ Eric Goldman also has some further op-ed and information regarding the case and judgement.”
Read more of this story at Slashdot.
Starbucks mobile payments hit 42 million
Posted by Gsurface
on April 10, 2012
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Instagram buyout nets co-founders $500 million
Posted by Gsurface
on April 10, 2012
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The United States watched with unbridled curiosity as the three winners of the recent $ 600+ million Mega Millions jackpot were revealed. But here’s a pair of guys who won the Mega Millions of the business world – Kevin Systrom and Mike Krieger. By now, the world knows about their creation, Instagram, and its billion-dollar acquisition
Security Company Palo Alto Networks Files For $175 Million IPO
Posted by Gsurface
on April 7, 2012
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Palo Alto Networks, a security software company, has filed its S-1 for a public offering, aiming to raise as much as $ 175 million. The company was rumored to be in the process of filing earlier this year.
Founded by Nir Zuk, the company develops enterprise-grade firewalls for companies that give visibility and granular policy control of applications and content, through hardware and software technologies. Companies can gain visibility into all traffic and all applications, maintaining the security of internal data and applications. For example, the company’s firewall will scan for viruses, spyware, data leakage and other application vulnerabilities in realtime.
Virus hits half a million Macs: How to protect yourself against malware
Posted by Gsurface
on April 6, 2012
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Sapphire Energy Raises $144 Million for an Algae Farm
Posted by Gsurface
on April 6, 2012
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Google’s Page touts ’800 million monthly users’ on YouTube
Posted by Gsurface
on April 5, 2012
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Today Google’s CEO has delivered what the company essentially keeps yearly as its State of the Union Address: the 2012 Update from the CEO, complete with YouTube information as well as the rest of the many Google tentacles. Noting that when Google acquired YouTube back in 2006, not long after the video site began to
Rumor: Zillow In To Buy RentJuice For $45 Million
Posted by Gsurface
on April 5, 2012
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Between gossip and rumors and gossip and more rumors, the Silicon Valley day-to-day is so dramatic Bravo is turning it into not one but two TV shows. No joke. That doesn’t convince you? Well, how about this?
Anyways, I’m in the middle of tracking down a huge funding story but want to get a (separate) rumor du jour out there to you guys, because I’m experimenting with this whole “process journalism” format and have asked several people at both parties involved for more info, to no avail.
Instagram for Android grabs 1 million downloads on first day
Posted by Gsurface
on April 4, 2012
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Debuting on Google Play just yesterday, the photo sharing app has already snapped up a hefty number of users.
[Read more]
CNET News
Global Payments admits 1.5 million credit card numbers stolen
Posted by Gsurface
on April 2, 2012
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One of the major credit card processors called Global Payments Incorporated announced on Friday that it had identified and reported a hack into its credit card processing system. The company says that the affected portion of the processing system operates in North America only and as many as 1.5 million credit card numbers may have
Groupon’s Profit In 2011 Was Actually $22.6 Million Less Than They Previously Said
Posted by Gsurface
on March 31, 2012
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Daily deals site Groupon today issued a pretty significant revision of the financial results it previously reported for the fourth quarter and the full year of 2011.
According to the company, it actually made $ 14.3 million less in revenue during the fourth quarter of 2011 than it previously reported — $ 492.2 million, compared to the previously stated $ 506.5 million. It also spent more in operating expenses than it previously said it did — resulting in its Q4 operating income and net income being $ 30 million and $ 22.6 million less, respectively, than the company initially said it was.
TechCrunch
RIM Blackberry Playbook boasts a million and counting
Posted by Gsurface
on March 31, 2012
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Determined to actually drive some good publicity for itself, Research in Motion has announced that more than a million Playbook tablets have made their way to end users, a little over a year after it was first introduced to the market. Of course, at this point RIM is losing money on every Playbook it sells,
RIM reports dismal Q4 with $125 million loss
Posted by Gsurface
on March 29, 2012
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RIM under new CEO Thorsten Heins has just announced fiscal fourth quarter earnings results, which, as expected by analysts, continued the company’s losing streak for the fifth time in a row. Furthermore, the company has announced layoffs among its high-level staff and plans to stop issuing financial forecasts. RIM has reported a net loss of
Microsoft posts $300 million bond in Motorola Mobility spat
Posted by Gsurface
on March 29, 2012
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The company says it has offered the cash as a way to guarantee the possibility of Motorola’s lost revenue in the event Microsoft loses a patent-infringement case with the mobile company.
[Read more]
CNET News
Photoshop CS6 beta downloads surpass a half million
Posted by Gsurface
on March 29, 2012
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Convincing customers to spend big bucks on Adobe’s image-editing software is a lot easier if they can be hooked on a free beta version.
[Read more]
CNET News
$12 Million for a Windows Phone App Ecosystem
Posted by Gsurface
on March 28, 2012
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Microsoft and Nokia pony up. Who needs Angry Birds?
It hasn’t been the best week for the Windows Phone, which got a tad of egg on its face following a botched “Smoked by a Windows Phone” challenge in Santa Clara, CA. But more encouraging news also emerged this week for the Windows Phone ecosystem–this bit of news hailing from Helsinki, Finland, where Microsoft’s partner Nokia is based. “To drive innovation and business opportunities in Finland’s mobile ecosystem and beyond, Microsoft Corp. and Nokia will each invest up to 9 million euros into a newly established mobile application development program at Aalto University during the next three years,” reads a press release. That’s about $ 12 million bucks, potentially times two, all in an effort to make Microsoft/Nokia phones synonymous with cool apps.
Sojern Raises $7.5 Million For Its Push Into Travel Tech And Targeted Travel Ads
Posted by Gsurface
on March 27, 2012
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The travel industry is one vertical that seems to be seeing a lot of disruption at the moment — ranging from social media startups changing how we find and buy our journeys, to those who are re-examining how those in the business are going to make money in the future. One of the companies working in the latter space, Sojern, today announced that it has raised a round of $ 7.5 million.
This round, Sojern’s third, was led by new investor Industry Ventures, with existing investors Focus Ventures, Norwest Venture Partners and Trident Capital all also participating.
TechCrunch
Club W Hits $1 Million In Annualized Revenue In 12 Weeks
Posted by Gsurface
on March 25, 2012
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If you love old Vitamin W as much as I do, you’ll be pleased to note that folks who are disrupting the staid old wine industry are doing well. Case in point: Club W just announced they ‘re on track to sell $ 1 million worth of wine in the past this year, based on current annualized revenue.
They also saw 11,000 unique visitors and 73,000 page views – acceptable numbers for a new business. The company has 10 full-time employees. Geoff McFarlane, Xander Oxman, and Mark Lynn founded the company three months ago and things are going strong.
TechCrunch
NRG to bring 200 fast-charging EV stations to the Golden State, pump $100 million into CA infrastructure
Posted by Gsurface
on March 25, 2012
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Way back before NRG was making electric DeLoreans and building solar power plants, it co-owned a slew of power facilities in California with Dynegy — an energy outfit that got caught up in a long-term litigation over some old energy contracts with the state. Long story short, that legal dispute became NRG’s problem in 2006, after it acquired Dynegy’s majority stake in the partnership — a problem it’s finally resolving by peppering California with 200 fast-charging EV stations. The $ 120 million settlement promises to create jobs, invest in the state’s economy and provide job training for the stations’ maintenance and installation crews.
NRG may be shelling out some serious cash, but the deal is still mutually beneficial — those extra vehicle chargers will be running on its own fee-based eVgo network, after all. Governor Jerry Brown calls the settlement the beginning of a “virtuous circle” that will boost EV sales for the state, which will in turn, provoke investors to expand California’s charging infrastructure, which will, of course, sell more cars. In fact, he’s banking on it, and has signed an executive order setting targets for EV adoption. If all goes as planned, you’ll be looking at a smog free San Francisco skyline by 2050. Won’t that be nice?
NRG to bring 200 fast-charging EV stations to the Golden State, pump $ 100 million into CA infrastructure originally appeared on Engadget on Sun, 25 Mar 2012 04:35:00 EDT. Please see our terms for use of feeds.
Japanese CCTV Camera Can Scan 36 Million Faces/Second
Posted by Gsurface
on March 24, 2012
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An of-course anonymous reader writes with this excerpt from the always-fun Infowars.com: “A new camera technology from Hitachi Hokusai Electric can scan days of camera footage instantly, and find any face which has EVER walked past it. Its makers boast that it can scan 36 million faces per second. The technology raises the spectre of governments – or other organisations – being able to ‘find’ anyone instantly simply using a passport photo or a Facebook profile. The ‘trick’ is that the camera ‘processes’ faces as it records, so that all faces which pass in front of it are recorded and stored instantly. Faces are stored as a searchable ‘biometric’ record, placing the unique mathematical ‘faceprint’ of anyone who has ever walked past the camera in a database.”
Read more of this story at Slashdot.
‘Runaway planets’ hurled from galaxies at 30 million mph
Posted by Gsurface
on March 24, 2012
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How Box.net became Box.com for just shy of a million bucks
Posted by Gsurface
on March 24, 2012
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CEO Aaron Levie got lucky: The company that owned the dot-com of his company name wanted a lot, but not as much as they could have held him up for.
[Read more]
CNET News
Oracle’s final damage claim against Google well under $100 million
Posted by Gsurface
on March 20, 2012
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My, my, my, how the mighty have fallen. In this case, the mighty is the roughly $ 6 billion Oracle initially sought in its suit against Google. By September of last year that number had dropped to a comparatively paltry $ 2 billion, which was still to high for presiding Judge William Alsup. Now that has plummeted precipitously, with Oracle’s new starting figure sitting at $ 32.3 million. Of course, the final total for the damages will likely be higher than that, but we’d be mighty shocked if the ultimate settlement was even close to $ 100 million. Google’s own estimates put the valuation at between $ 37.5 million and $ 46.6 million — a far cry from the $ 100 million starting point Alsup had suggested in July of last year. Now all that’s left is for this sucker to actually go to trial. Hit up the source to read the full filing.
Oracle’s final damage claim against Google well under $ 100 million originally appeared on Engadget on Tue, 20 Mar 2012 16:38:00 EDT. Please see our terms for use of feeds.
iPad Sales May Reach 66 Million In 2012
Posted by Gsurface
on March 20, 2012
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Following Apple’s announcement yesterday of the new iPad’s record weekend, which saw 3 million devices sold in three days, analysts are upping their predictions for the tablet’s market share growth over the course of the year. In a note to investors, Gene Munster of Piper Jaffray says the firm is now forecasting as many as 66 million sales of the new device in 2012, up from the earlier prediction of 60 million. Meanwhile, Shaw Wu of Sterne Agee is now predicting 60 million, up from 55 million.
Regardless of the final outcome, the bottom line impact the device will have on the market was summed up in Munster’s bullish note: ”we believe the unprecedented ramp of the iPad over the past year is evidence that the tablet market will be measurably larger than the PC market,” he said.
TechCrunch
Apple Quantifies Their iPad “Record Weekend”: 3 Million Sold In 3 Days
Posted by Gsurface
on March 19, 2012
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Earlier today, AT&T announced record sales and activation numbers for the new iPad. During the Apple dividend/buyback call, Apple CEO Tim Cook spoke of a “record weekend” for the new iPad. Unfortunately, neither had an actual numbers to share. And that was odd since normally when Apple has a new record number to crow about, crow they do. This was more of an Amazon maneuver where “records” are set by products selling 4x of another unstated number.
Turns out Tim Cook just didn’t want to spoil the surprise. Apple has just issued a release with their actual sales numbers for the first weekend of the new iPad. And the numbers are big. Three million iPads sold in the first three days.
Amazon Acquires Robot-Coordinated Order Fulfillment Company Kiva Systems For $775 Million In Cash
Posted by Gsurface
on March 19, 2012
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Amazon has just announced that it will acquire order fulfillment company Kiva Systems for $ 775 million in cash. We’ve embedded the release below.
Kiva Systems’ interconnected hardware and software package is designed to streamline the process of picking, packing and shipping e-commerce products for delivery.
TechCrunch
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