Motorola reduced quarterly guidance on Wednesday evening, buttressing activist investors' recent demands for a management shakeup.
Apple plans to launch a cheaper version of the iPhone in the fourth quarter that could be based on the ultra-slim iPod Nano music player, according to a JP Morgan report.
Motorola said it expects to incur a net pretax charge of $101 million in the second quarter inconnection with its previously announced work-force reductions.
Apple Inc.'s iPhone is celebrating its first complete weekend on store shelves and early reports suggest blockbuster sales. Piper Jaffray is out with a report saying that Apple and AT&T sold a staggering 500,000 iPhones in 48 hours. Both Piper and Global Crown Capital say AT&T stores sold out of their inventory by Saturday afternoon, and a quick check of Apple's website this morning to gauge availability shows it spotty at best at so many retailers. Only two stores in California, both in San Francisco, show availability of any kind. And Piper says 16% of Apple stores have sold out.
Apple’s iPhone has the potential to change everything in the handheld market, but won’t instantly turn competing devices into antiques, making them candidates for the Smithsonian.
If you're holding Apple stock, or want to, and haven't asked these five financial questions, you should. 1. What if the iPhone is a bust? What will that do to Apple stock? "If the device doesn't hit, and continue with a real strong bang, people might be deflated here," says Jonathan Hoopes at ThinkEquity. "Believing that the iPhone, if it's not as successful as those who think it will be, is gonna bring the down the company's other businesses."
There’s no such thing as a good stock tip – so don’t waste your time with them.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The cell phone does it all: You can take pictures, send emails, play music and watch TV. Now, you can add banking to that list. That's because some of the largest U.S. banks -- Bank of America, Citibank, Wachovia, Washington Mutual, Wells Fargo, and ING Direct – are launching mobile banking services that give you access to your accounts wherever you are.
Get your fingers ready. Apple's iPhone is leading a new wave of gadgets using touch-sensitive screens that react to taps, swishes or flicks of a finger. The improvements promise to be slicker and more intuitive than the rough stomp of finger presses and stylus-pointing required by many of today's devices.
Update: I am out of the office Monday the 25th through Wednesday. Be sure and check back with me later this week. One week from today, Apple Inc. will unleash its iPhone on what appears to be a ravenous marketplace; panting about the prospects, pouting about the long lines expected and the chance consumers who want one may not get one on that first day. For Apple though, it's all about ringing up sales, or racking up risk: Will iPhone measure up to all the hype it has enjoyed these past several months. What hype, you might ask?
The world's biggest mobile handset firm, Nokia, announced a reorganisation on Wednesday aimed at taking advantage of future growth areas and increasing its efficiency.
As Apple prepares to debut the iPhone in 11 days, David Garrity, director of research at Dinosaur Securities, joined “Morning Call” to weigh how it will compete with other “smart phones” on the market.
Nokia, the world's largest mobile phone maker, on Monday unveiled three new mobile handsets and said their launch would help boost its global market share from the current estimate of 36 percent.
U.S. chip maker Texas Instruments lowered the mid-point of its second-quarter revenue target on Monday as sales of calculators missed its expectations, sending its shares down 2.3%.
It goes without saying that Apple’s iPhone -- 18 days from its launch -- is one of the year’s most anticipated product launches. But when it hits the market on June 29, it will face lots of competition from rival smart phones -- many of which are already available. Sascha Segan, an analyst at PC Magazine, displayed several alternatives to the iPhone on “Power Lunch.”
Fresh back from a week off at Disneyland with the family, I'm raring to go. And I noticed something as we cruised around the park. Cell phones were ubiquitous. People using them standing online. People using them riding rides! Kids. Adults. Everyone. Not so prevalent, but still there, were portable gaming devices. Yes, if you can believe it, kids wandering around the park, or sitting on a bench, or waiting on line for a ride, playing PSPs and Nintendo DSs.
Never underestimate the power of management - especially when it comes to Michael Dell and Eddie Lampert. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Telecom equipment maker Nokia Siemens Networks said Friday that it appointed Eric Simonsen as chief financial officer, effective June 1.
Responding to continued speculation about being a possible takeover target, Palm CEO Ed Colligan told CNBC that "we're not focused on figuring out how to sell the company."
The U.S. International Trade Commission said it extended by 13 days a deadline to decide what remedies, if any, to impose in a patent infringement complaint brought by Broadcom against rival Qualcomm.