Month: January 2017

iOS will hit $1 Trillion in Revenue for Apple sometime in 2017

Dan Uff January 12, 2017 0

“In its first 10 years, the iPhone will have sold at least 1.2 billion units, making it the most successful product of all time,” Horace Dediu writes for Asymco.

“The iPhone also enabled the iOS empire which includes the iPod touch, the iPad, the Apple Watch and Apple TV whose combined total unit sales will reach 1.75 billion units over 10 years,” Dediu writes. “This total is likely to top 2 billion units by the end of 2018.”

“The revenues from iOS product sales will reach $980 billion by middle of this year. In addition to hardware Apple also books iOS services revenues (including content) which have totaled more than $100 billion to date,” Dediu writes. “This means that iOS will have generated over $1 trillion in revenues for Apple sometime this year.”

Read more in the full article – here.

Cramer: Apple better get more revenue streams because iPhone is long in the tooth

Dan Uff January 12, 2017 1

(CNBC): Apple has to become more than just a smartphone company if it hopes to succeed in the long term, CNBC's Jim Cramer said Thursday.

Cramer said the tech Giant will need to develop more revenue streams, considering its iconic device, the iPhone, is a decade old.

"The iPhones are 10 years old and that's a long time. That's a very long time for a product that we still care about, right? Most products 10 years ago we don't use anymore," he said on "Squawk on the Street."

Cramer was responding to comments by Silicon Valley investor and Donald Trump transition team member Peter Thiel in a Q&A with The New York Times. When asked if "the age of Apple is over," Thiel confirmed.

"We know what a smartphone looks like and does. It's not the fault of Tim Cook, but it's not an area where there will be any more innovation," Thiel told the Times.

Apple has recently seen a fall in its iPhone sales. On Thursday, The Wall Street Journal reported the company is planning to build a significant new business in original TV and movies.

Disclosure: Jim Cramer's charitable trust owns shares of Apple.

Amazon.com

Amazon.com just got slapped with a $1 Million fine for Misleading Pricing

Dan Uff January 12, 2017 0

(Recode): Some deals are too good to be true. And, for Amazon, they will cost the company.

A Canadian enforcement agency announced today that Amazon Canada will pay a $1 million fine for what could be construed as misleading pricing practices.

The investigation centered on the practice of Amazon displaying its prices compared to higher "list prices" — suggested manufacturer prices (MSRPs) designed as marketing gimmicks to make people think they are getting a deal, even though it's often the case that no shopper ever pays that price.

"The Bureau's investigation concluded that these claims created the impression that prices for items offered on www.amazon.ca were lower than prevailing market prices," Canada's Competition Bureau said in a statement. "The Bureau determined that Amazon relied on its suppliers to provide list prices without verifying that those prices were accurate."

An Amazon spokesman declined to comment.

As chronicled by the New York Times, Amazon began removing these so-called list prices on many items in the U.S. last year. The Competition Bureau also said the company has made changes on its Canadian site "to accurately represent the savings available to consumers."

The Competition Bureau's investigation ran from May 2014 to May 2016. Amazon Canada will pay an additional $100,000 to cover the costs of the investigation.

—By Jason Del Rey, Re/code.net.

FaceBook hires former NBC News Anchor Campbell Brown to improve relations with news outlets

Dan Uff January 11, 2017 0

(recode): FaceBook has hired Campbell Brown, a former anchor for both CNN and NBC, to a newly created Head of News Partnerships position in the hope that Brown can serve as a liaison between the social giant and the myriad of publishers that use it for distribution.

The role means Brown will work with publishers on best practices and partnership opportunities with Facebook, and will also collect feedback on particular publisher-related products Facebook might be building.

Facebook insists this position is not an editorial role, though, which means Brown won't be making decisions around what you see and what you don't see in your News Feed. It's a key distinction, given the company's recent efforts to prevent the distribution of fake news on its platform, which some believe to have impacted last fall's U.S. presidential election.

The New York Times first reported Brown's new position, and she also posted about it on Facebook Friday.