Apple Inc. was called on the carpet last summer after releasing the original iPhone and then cutting its price just eight weeks after by $200, leaving many Apple fans -- and recent Apple converts -- angry and disgruntled.
Verizon Communications Chief Executive Ivan Seidenberg said its Verizon Wireless venture should complete its acquisition of rural mobile phone service provider Alltel by the of the year.
They’re the exclusive carrier for iPhone but they’re also facing massive competition from cable. What’s can you expect from AT&T on Wednesday?
Nokia, the world's biggest maker of mobile phones, reported April-June results roughly in line with forecasts, and was upbeat on the rest of 2008, easing fears that economic woes were hitting phone demand.
Iphone's first weekend is in the books and while three days of sales hardly determines the entire story, it is an important "split time" that Apple investors should consider. Piper Jaffray concluded its channel checks late Sunday and determined that Apple and AT&T spacersold 425,000 iPhones this weekend:
Let me focus on something that deserves a lot more attention: the upcoming Apple App Store, a new online Apple store that will post and sell third party software applications. And, if you believe iPhone's sales projections in the coming years, App could match or rival iTunes as a revenue stream down the road.
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.