Carl Icahn claims Apple 'extremely undervalued'
The famous billionaire Carl Icahn has posted a couple of tweets, where he claims that Apple is 'extremely undervalued' and he is planning to obtain a bigger share of Apple.
We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.
Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.
The result of Icahn's tweets was Apple's stock upsurging by 5%.
Analyst forecasts concerning iPhone 5C and iPhone 5S
Gene Munster, a famous analyst, has published a research note concerning his thoughts about the iPhone 5C and iPhone 5S.
According to Munster, the iPhone 5C will not boast Siri and it will replace iPhone 4S and will be selling for $300 off contract.
In terms of the phone itself, we expect the cheaper phone to have a plastic casing, 4" display, and lower end internal specs (processor, camera, memory, etc.) than the 5S/5 line up. Additionally, we believe that Apple may exclude some software features, such as Siri, which we note was not an option on the iPhone 3GS or iPhone 4 upon launch.
Launch of new iPhones will be the most successful in all history of Apple
According to analyst Trip Chowdhry, the Managing Director of Equity Research at Global Equities Research, the coming launch of new iPhones will be the most successful one in all history of Cupertino company.
"The new iPhones will be massively successful," Chowdhry told Benzinga this morning. "This will be the most successful product launch ever in the history of Apple."
Foxconn profits raise by 41% due to high iPhone sales
According to The Wall Street Journal, Hon Hai Precision Industry Company, widely recognized as Foxconn, has experienced an abrupt upsurge of 41% of the second quarter profits. Foxconn is Apple's leading iPhone and iPad assembler, and the increase in revenue is accounte to by high iPhone sales rates.
The report notes that 40% of Foxconn's profits come from Apple. In the second quarter of 2013 the figure of net profit of Hon Hai Precision Industry reached the top point of NT$16.98 billion (USD $566.7 Million) as compared NT$12.06 billion (USD $402 million) from the same period in 2012.
Larry Ellison speaks of Apple without Steve Jobs [Video]
Larry Ellison, CEO of Oracle has recently given an interview to CBS's Charlie Rose. It is well known that Larry was a close friend of Steve Jobs, so the main topic of the dialog was what he believes Apple without Steve Jobs will look like.
“Well, we already know,” Ellison told Rose. “We saw we conducted the experiment. I mean, it’s been done. We saw Apple with Steve Jobs. We saw Apple without Steve Jobs. We saw Apple with Steve Jobs. Now, we’re gonna see Apple without Steve Jobs.”
The events Ellison is talking about refer to the year 1985 when Steve Jobs was sacked by the Apple board. The Californian company went through many difficulties and had t struggle for further development. Later, Steve Jobs joined the company again CEO. As a result, such well-known products were launched as the iPod, iPhone and iPad, the ones that gave Apple world-wide recognition and generous revenues.
Nowadays, Apple is lead by Steve Jobs' hand picked successors - Tim Cook and the rest of the executive team (Jony Ive, Eddy Cue, etc). However, Ellison guesses that the sad history of Apple without Steve Jobs may be repeated.
A Charger Replacement Program Starts Beyond the USA and China
Apple has recently launched a USB charger Take back program. This is the result of several incidents, where one person died and another was injured badly. The aim of such initiative is to remove the third-party counterfeit power adapters, which can possibly harm or kill, from the market.
Leaked Phtos of iPhone 5C's Volume Rockers
Sonny Dickson, an Australian writer, has
Apple to Release Its New iPad 5 and iPad Mini in Last Three Months of 2013
According to the latest Bloomberg report, Apple will release its new iPad and iPad mini in the final three months of this year. What that means is that at the media event, which is to take place on September 10th, we shall see only the next generation iPhone.
Pegatron revenue upsurges thanks to iPhone production
According to Reuters, Apple supplier Pegatron is likely to enjoy a 50 percent increase in Q3 revenue. The supplier reaches the figure despite the stable decline of its PC business continuing. The sector responsible for the revenue upsuge is the iPhone. The following announcement was made by Pegatron after the company did not live up o analyst's expectations concerning revenue in Q2.
“We expect revenue in the non-computing segment to grow by 40 to 50 percent in Q3 due to new consumer products. Q4 will also be higher,” said company CEO and President Jason Cheng in an investor conference.
Pegatron is most likely to be responsible for production of the low-budget iPhone 5C – the plastic iPhone. Moreover, Digitimes rumored that it may turn to be the second iPhone 5S supplier, although Foxconn is responsible for the major production. Both handsets are expected to be announced by Apple on 10th September.
Norwegian Government Blocks Apple from Capturing a 3D Map of Oslo
Norwegian government blocks Apple from capturing its capital - Oslo - in 3D for the iOS and Mac Maps apps, reports
Delays in supply chain to slow iPhone 5S release
According to Digitimes, Taiwan Semiconductor Manufacturing Company (TSMC) is delaying with components supply. Therefore, the launch of the iPhone 5S may be put off and Apple might ship “only 3-4 million units in the third quarter of 2013 compared to 10 million units as originally planned”. It should be noted that a similar report, only lacking exact figures and specifics, was published on July 15th. Besides it is not the first time Apple CEO Tim Cook admits that the plans of Cupertino company may be put off due to delays in supply-chains.
Mass production of the fingerprint sensors was originally scheduled to begin in May at Taiwan Semiconductor Manufacturing Company (TSMC) and then to be packaged at Xintec, a TSMC subsidiary, the sources indicated. However, the production of the sensors has been delayed due to issues related to integration between iOS 7 and fingerprint chips, as well as a low yield rate at packaging firm Xintec, the sources revealed.
An engineering team composed of engineers from Apple and TSMC has been dispatched to Xintec recently to help ramp up the yield rate for the packaging of fingerprint sensors, revealed the sources, adding that the supply chain will be able to start volume production of fingerprint chips at the end of August.
iPhone 5 explosion nearly cost a woman her eyesight
According to ZDNet, an explosion of iPhone 5 caused an injury. A Chinese woman nearly lost her eyesight when the explosed smartphone sent debris into her eye.
According to a report published by Da Lian Evening News on Friday, the injured woman whose family name is Li arrived at her workplace and was on the phone with her friend when she felt the screen growing very warm against her cheek. At that time, she had been on the phone for 40 minutes. When she looked at the device to check it, Li then discovered the touchscreen was not responding when she tried to end the call. After a few more tries, the screen exploded. Li said she felt some debris shooting into her eyes. "I could not open my eyes," she recalled. Her colleagues rushed her to the hospital where the doctor found her eyeball red and inflamed, and identified a scratch mark which suggested an object had scratched it.
According to the information, Li had previously dropped her iPhone on the top right corner leaving a small notch. In this very corner the explosion happened.
Da Lian Evening News was informed by Apple customer service that this incident will be investigated to find out whether it covers with warranty or not.
Pixar CCO John Lasseter recieves Disney Legends Award for Steve Jobs [Video]
The Disney Legends award to be presented to Steve Jobs at the Disney D23 conference, was accepted yesterday on the event by Pixar CCO John Lasseter.
It will be recalled that The Disney Legends program grants special awards to people who have made an extraordinary and integral contribution to the growth and development of The Walt Disney Company. The award is presented each year on a special event.
Have a look at the video presenting Lasseter acceptance speech during the ceremony.
Roku App for iOS Got the Update
Roku is a streaming player that allows you to watch photos and videos taken using your iPhone, listen to music etc. on your TV. All you need is a Roku multimedia console, an iOS device and a Roku app installed on your smartphone or tablet. This application is available on the App Store and it has been updated recently with the ability to stream your favorite videos to the large TV screen.
eleMount for your iPhone, iPad
EleMount is an all aluminum mount for the iPhone, iPad, and other mobile devices.
With the help of this CNC machined mount you can put your favorite device wherever you want. Last but not the least, the design of the pedestal is elegant and modern. The elePads inserted into the base of the mount sticks to any flat surface, which the other holds your device of any size or generation, even if it is in a protective case. The eleMount base has a 1/4" 20 thread hidden there. You can connect it to tripods for improved smartphone photography and videography.
“With eleMount, I aimed to raise the bar for mobile device mounts, leaving bulky plastic design behind and using only the most premium materials and production processes to create the most beautiful, versatile and easy-to-use mount available today,” said Jose Sanchez, designer of eleMount. “Using precise CNC machinery to manufacture eleMount wasn’t cheap, but the resulting design and finish were well worth it. eleMount is in a category of its own and deserves to hold up our most prized gear.”