Tag Archives: apple
According to BBC’s Article, “Apple has more cash on hand than the United States federal government, according to the company’s financial records.”
Apple’s quarterly financial report shows that the company responsible for the iPad, iPod and the iPhone now has $76.4 billion in reserve cash, while the Treasury Department is sitting on just $73.7 billion.
It seems crazy that our federal government is going through a recession and yet Apple is booming as far as income is concerned. Maybe the treasury department should get together with Apple’s accountants and discuss ways to help themselves (as well of all US citizens) out of this predicament.
Sadly, I understand why this may be occurring. How many people do you see buying iPhone’s, iPad’s, iAnything really? And if it breaks, they may bitch about getting another way due to the price, but they still dish out their money and plug back into the electronic world. Unfortunately, most everyone bitches about taxes, no matter how little or great they are, someone has something to complain about. So, while this is shocking, it’s not at all that surprising.
Today, The Wall Street Journal independently confirmed reports that the next generation iPhone will be on the way in the third quarter of this year. According to sources close to the supply line, Apple’s next iPhone is expected to trim down the famously svelte iPhone 4, making it both lighter and thinner than the current model. While plenty of other technology outlets had published similar details previously, the credible new report solidifies what we can expect from Apple’s next generation smartphone.
While we still don’t know if the device will be named the iPhone 5 or the iPhone 4S, such significant improvements point to the former, which would make it an entirely new model, unlike the upgrade from iPhone 3G to the iPhone 3GS.
The report also suggests that the next iPhone will have a camera upgraded to 8 megapixels, a resolution boost up from the iPhone 4′s 5-megapixel sensor and a confirmation of an earlier rumor from Bloomberg. Bloomberg’s sources also suggested that the smartphone will sport the same powerful A5 processor as the iPad, which would yield a significant a speed boost for the device.
Yesterday serial Apple secret-leaker DigiTimes suggested that Pegatron, a Taiwanese component manufacturer, will ready 15 million of Apple’s elusive next-generation phones for a September launch. According to The Wall Street Journal’s new information, Apple intends to move 25 million units of its new iPhone by the year’s end.
Since Apple remained mum on the next iPhone during its big June event, evidence continues to pile up indicating that the company’s next hot gadget will be hitting stores this fall.
NEW YORK — Verizon Wireless, the biggest U.S. mobile provider, will stop offering customers unlimited data service plans on July 7, meaning higher prices for heavy users of services such as mobile Web surfing.
Verizon Wireless plans to charge $5 more per month than its biggest rival, AT&T Inc, which stopped offering unlimited data services last year. Unlike AT&T, Verizon is not offering any new cheaper option for low data users.
Under its new terms, customers who limit their data use to 2 gigabytes (GB) will pay $30 a month, according to the venture of Verizon Communications Inc and Vodafone Group Plc, which currently charges its customers $30 per month for unlimited data use.
To put this in perspective, 2 hours of streaming music to your cellphone every day would generate 9GB of data downloads, according to the Verizon Wireless online data use calculator.
In comparison, AT&T charges $25 for 2GB of data and also offers a $15 per month plan for customers who only use 200 megabytes of data.
AT&T has said the lower priced plan helped it add millions of new customers who might otherwise have not been willing to pay for wireless data services.
Customers who use more than their plan allows will have to pay $10 for every extra gigabyte of data they use, according to company spokeswoman Brenda Raney. This charge is in line with what AT&T offers today.
Verizon’s heavier data users will also be able sign up for a $50 per month plan for 5GB or $80 a month for 10GB, Raney said.
Since Verizon is not cutting its lowest monthly fee for data services, Pacific Crest analyst Steve Clement said the move would be “relatively neutral for (Verizon’s revenue), with the potential for upside as people take larger buckets of data or start paying the fee for going over their limit.”
Customers who view data fees as a key factor might move from Verizon to rivals such as Sprint Nextel Corp, which still offers unlimited data services. But Clement expects that might not be a huge bonus for Sprint.
“The risk you run, I guess, is that people balk at caps and move to carriers that don’t cap data,” Clement said. “People make carrier decisions for lots of reasons. I don’t know if the amount of data is high on your list.”
Both Verizon and AT&T sell the Apple Inc iPhone, which created an explosion in demand for services such as mobile web-surfing and downloading of mobile applications.
Telecom shares were basically flat after the news, which was widely expected.
Verizon shares closed up 2 cents at $37.82 on the New York Stock Exchange, where AT&T shares were down 5 cents at $31.63. Sprint shares closed down 4 cents at $5.39, also on NYSE.
I am very sad to see this happening. I actually joined Verizon because I enjoyed the fact that they weren’t going to charge users for unlimited data plans, considering that’s usually why most people are buying these phones. No one really talks on the phone any more, it’s all about internet browsing, emails, texting, music, cameras….everything BUT talking on the phone, which we already pay too much to not be doing. And to be MORE expensive than AT&T?! Come on, who are you guys kidding?!