coffers

App Store hits 45 billion total downloads, iCloud notches 300 million users

Source: http://www.engadget.com/2013/04/23/app-store-hits-45-billion-downloads-icloud-has-300-million-users/

app store App Store hits 45 billion total downloads, iCloud notches 300 million users

After cluing us in on the state of its ever-stuffed coffers, Apple’s given us a quick progress report on its App Store, noting that it’s reached a total of 45 billion downloads — a 5 billion jump since the end of its last quarter. Cook’s crew also divulged that they’ve doled out $9 billion to developers who’ve sold their wares on the digital storefront, and they’re paying out $1 billion every quarter. Cupertino gave a quick nod to iCloud too, revealing that the service now has 300 million users under its belt, 50 million more than it claimed at the end of the firm’s last quarter. By the sounds of it, Apple’s data centers are being put to good use.

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Tuesday, April 23rd, 2013 news No Comments

Nokia could sell luxury Vertu brand to VC firm for $265 million

Source: http://www.engadget.com/2012/04/30/nokia-vertu-vc-firm-permira/

vertusigeng1 Nokia could sell luxury Vertu brand to VC firm for $265 million

As much as it’d be interesting to see Windows Phone running on a $21,000 gold-plated cigar lighter, that’s probably never going to happen. According to the UK’s Financial Times, Nokia has been trying to hive off its luxury Vertu brand for months already, and has finally found a suitor with the right cash / sense ratio. Although still far from a done deal, we’re told that venture capitalist firm Permira is willing to contribute up to $265 million to Nokia’s needy coffers — which might sound like a lot, but is mere costume jewelry to a manufacturer that just lost $1.7 billion.

Nokia could sell luxury Vertu brand to VC firm for $265 million originally appeared on Engadget on Mon, 30 Apr 2012 03:04:00 EDT. Please see our terms for use of feeds.

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Monday, April 30th, 2012 news No Comments

Samsung spinning off LCD business

Source: http://www.engadget.com/2012/02/20/samsung-spinning-off-lcd-business/

samsung syncmasterc27a750 Samsung spinning off LCD business

When the Korea Exchange asked Sammy about rumors of an impending spin-off of its LCD business, the firm said it was a move it was considering. Well, consider it done — today Samsung announced it would be launching Samsung Display on April 1st, 2012 with $6.6 billion in its coffers. The move is still waiting for shareholder approval, but Donggun Park, executive vice president of Samsung’s LCD business, seems optimistic. “The spin-off will allow us to make quicker business decisions and respond to our clients’ needs more swiftly.” This decision comes just months after Sammy agreed to take Sony’s stake in S-LCD, turning the former display partnership into a fully owned subsidiary. Hit the break for the official (machine translated) press release.

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Samsung spinning off LCD business originally appeared on Engadget on Mon, 20 Feb 2012 01:53:00 EDT. Please see our terms for use of feeds.

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Monday, February 20th, 2012 news No Comments

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Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.

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