Analyst arrested for leaking iPhone sales numbers, charged with insider trading
Analyst John Kinnucan is charged with two counts of securities fraud, two counts of conspiracy, and insider trading for leaking sales numbers from Apple, reported Reuters. The lawsuits against the analyst were filed in a U.S. District Court in Manhattan, and he was arrested on Thursday.
Kinnucan received tips from Apple’s suppliers SanDisk and Flextronics so he could leak sales numbers and forecasts to hedge funds. One SanDisk executive, Don Barnetson, is also in court on counts for insider trading. Kinnucan leaked the secret information about the iPhone’s sales between 2008 and 2010, and he would get the information by bribing suppliers. He is rumored to have earned $1.58 million for leaking Apple’s trade secrets.
Between 2008 and 2010, investigators said, Kinnucan paid insiders with cash, trips and other benefits to get secret information, including sales trends for Apple Inc’s iPhone. Kinnucan then funneled the information to hedge fund traders in California and New York in exchange for hundreds of thousands of dollars, investigators said.
Kinnucan’s arrest is part of a bigger crack down on insider trading within hedge funds. Over 60 people were already arrested during the operation, dubbed “Operation Perfect Hedge,” including a Flextronics executive for leaking iPhone sales numbers.
Apple CIO visited India in January to ‘quadruple’ global outsource spending on internal software
Apple’s Chief Information Officer Niall O’Connor visited Bangalore in January, according to The Economic Times, and the senior officials at technology firms Infosys and Wipro made sure he received the full-treatment upon landing in India.
Apple is supposedly looking to “quadruple the amount it spends in India, making it all the more covetous for Infosys and Wipro.” The CIO will decide which Indian companies get software outsourcing orders and maintenance work worth about $100 million USD (490 crore), which is roughly 20 percent of the Cupertino, Calif.-based Company’s total global outsourcing spending.
O’Connor started with Apple in 1991 and took the reigns as CIO in 1997. Two of his primary achievements include the global deployment of SAP software and the development of a full-suite of retail systems for Apple…
Mastercard/Paypass to be NFC partner with Apple on iPhone 5?
iPhone NFC by moneto
We had some time to talk to a well-connected developer at Macworld who was building an app that— among other capabilities— includes NFC reading for the purpose of mobile transactions. We were obviously curious why they would do that, noting that third party NFC readers for iPhone were not popular (aside from the recently announced Moneto, above). The developer told us that he had no hardware knowledge, but he had spoken to Apple iOS engineers on multiple occasions, and they are “heavy into NFC.”
I asked how confident he was, and he said, “Enough to bet the app development on.”
This is not the first we have heard that iPhone 5 would have NFC, however. Besides the deluge of ideas Apple has patented with NFC, the New York Times said pre-iPhone 4S that an upcoming iPhone would have NFC. While it did not turn out to be the iPhone 4S, it could be the one coming up.
(Moneto again)
The question is now: Who will Apple partner with for its payment systems? Over the weekend we received some hints… Read more
Apple researching universal touchscreen remote with adaptable user interface for future TVs
A patent application published by the U.S. Patent & Trademark Office earlier today reveals Apple is flirting with the idea of a universal touchscreen controller capable of controlling multiple devices including a “television, a video tape player, a video disk player, a stereo, a home control system, or a computer system.” The patent application is titled “Apparatus and Method to Facilitate Universal Remote Control” and was filed Sept. 30, 2011.
The patent application’s background covers many of the issues with current controllers for televisions and the devices mentioned above. It noted current universal remotes are “complex to operate” and unable to adapt to incorporate every command or control functionality supported by a device or future device. It also mentions the fact that users are often “confronted with multiple” remotes, which is the classic “table full of remotes” scenario described by Steve Jobs when talking about the Apple TV at D8. The patent application explained:
RIM co-CEOs co-resign, co-COO Thorsten Heins takes over
I think the Globe and Mail was the first to report that RIM’s beleaguered CEOs Jim Balsillie and Mike Lazaridis are out – moved upstairs to the boardroom. The strangest thing about the story, and really the past few years, is the total denial by the leadership that Blackberry is in a death spiral.
Research In Motion Ltd.’s new chief executive officer says the company is doing everything right and does not need a change in strategy, and must instead focus on harnessing its talent to improve the BlackBerry and revive sales.
“It’s a fantastic growth story and it’s not coming to an end,” Mr. Heins said in an interview with The Globe and Mail. “What you will see with me is rigour and flawless execution.”
When asked whether he thought the appointment of Ms. Stymiest as chair and himself as CEO would be enough to satisfy investors, Mr. Heins retorted, “Change to what? Change for what?”
He continued, “I mean, what’s the objective of a change? We’ve made a lot of changes in the past 18 months. Not changes, but also evolution. I changed a lot of my management team, in hardware, software … I’ve trained a lot of other people in the last four years. What do you think I did? … We didn’t stand still in the last 18 months, we did our homework. And I think we will complete our homework soon.”
Even in appointing a current co-COO, who looks even less charismatic than either of the two people he replaces (video below), RIM is hedging its bets on Blackberry 10/QNX, which it won’t release until the end of 2012 on phones —if it bucks recent trends and ships on time. Heins joined RIM just as the iPhone was released in 2007, and he has seen the company’s market share dive.
RIM’s tablet effort, the Playbook, is barely selling and only when priced below cost. It still somehow does not natively do email.
It is hard not to feel bad for the position this once great company is now in.
(Making it easier, RIM has scheduled an 8am ET Monday conference call with the press on the details. Press release follows) Read more
AAPL reaches all-time high of $429 a share, market cap closes in on $400B
With an announcement tomorrow in New York City and an earnings call on Jan. 24, Apple Inc., has reached an all-time high of $429.47 per share on today’s market, and it closed at $429.11. Being up more than four points today, Apple is continuing to close in on a $400B market cap and sits at just $398.70B at closing.
Apple is expected to have had a record breaking Q1, which will be reported in an earnings call with CEO Tim Cook on Jan. 24. With the help of holiday sales, some analysts predict Apple sold 5 million Macs and around 30 million iPhones.
Tomorrow’s media event in New York City also added to today’s stock frenzy. Apple is expected to make a major announcement in the textbook industry. There have been many reports that Apple made the necessary partnerships with publishers, and may even launch its own textbook creation tool — which Ars Technica called a “GarageBand for e-books.” Apple teased the event as an education announcement. Per usual, 9to5Mac will be covering both events. Tomorrow’s event begins at 10 a.m., so stick with us for coverage. Any final predictions?
Apple reportedly looking to open iconic retail store in Queens, NY
Apple currently has only one other Apple Store in New York City outside of Manhattan that is located in Staten Island. Things could change, however, according to a new report from NY Daily News that clamed retail developer Yeheskel Elia is working with Apple to bring an “iconic store” to Queens, New York. The specific location of the store would be Austin Street in Forest Hills.
Nothing is official because Elia and Apple are still working on more details. Elia said he would do anything to bring an Apple Store to the bustling area. If a deal is reached, Elia said a store could open in under a year. Several months ago, an Apple broker also reached out to Elia regarding the new store.
The deal would be a “kick in the pants” to the neighboring rival Brooklyn who, with borough president Marty Markowitz and local hipster legions, has campaigned nonstop for an Apple Store for years.
When NY Daily News reached out for comment from Apple, in a typical fashion they responded, Apple has “made no announcements” regarding a NYC store outside of Manhattan (sorry Staten Island).
Intel looking to use its new Medfield chip in the iPhone
Intel is looking to use its recently unveiled Medfield chips in the iPhone, according to The Telegraph. In the report, Dave Whalen, vice president of Intel’s architecture group, told The Telegraph that Intel has talked to Apple and other manufacturers about using the new Medfield chips in iOS devices. Specifically, Whalen said as iOS continues to grow, “We talk to everybody.” Intel is also looking to Android and Windows Phone to use the new chips.
It is worth noting that it is highly unlikely Apple would move to Intel chips in iOS devices, even though the company uses Intel in Macs. Since the iPhone 4, Apple has continued to use its own line of processors—with the help of Samsung. The iPhone 4 was graced with the A4, the iPad 2 had the A5, and most recently— the iPhone 4S got the A5. The iPad 3 is rumored to get the quad-core A6 (mock up on the right), and going off Apple’s recent timeline, the iPhone 5 will most likely have the A6.
The most unique aspect about the Medfield chip is that it is a single core, unlike Intel’s previous chips. The Medfield uses the ARM chips’ strategy, in pulling all processes onto a single chip, which helps to save battery life and other things. For now, it looks Apple will most likely stick with its own proprietary chips. Samsung recently opened a factory in Texas for developing the A5 chip, showing Apple is committed to producing its own goods. Therefore, it is interesting that Intel is trying to make a move.
Apple exploring 3D iOS interface with motion sensing gestures
The United States Patent & Trademark Office published an Apple patent application today (via PatentlyApple) detailing new 3D GUI concepts and touch-free, motion sensing gestures that would allow you to simply wave your hand over a device equipped with proximity sensors. This follows a patent application published in July that explores similar 3D gestures and user-interfaces, and another in September detailing 3D display and imaging technology that could lead to Kinect-like gestures on future Apple products.
The image to the right (larger version is below) shows a 3D UI environment consisting of two sidewalls, a back wall, a floor, and a ceiling. As you can see, 2D objects are posted to the back and sidewalls, while 3D objects rest on the floor of the environment. The patent mentions a “snap to” feature that appears to allow objects to move from one surface to another by changing the orientation of the 3D environment. In other words, the user’s perspective of the UI, which PatentlyApple said could be imagined as the “view from an imaginary camera viewfinder,” would change when rotation of the device is detected by its gyro sensor or accelerometer:
The MacBook Air Samsung SSD is about to get twice as fast
I had a chance to meet with Samsung Storage solutions at CES 2012 this week and got the low down on its new OEM SSDs that Apple tends to buy in large numbers. Samsung and Toshiba are the OEMs that provide the SSDs in MacBook Airs. Samsung’s 470 OEM SSD product is noticeably faster than the Toshiba model that Apple also puts in otherwise identical MacBook Airs. We have talked about the speed difference before and how Air-buyers often will pay a premium for the faster Samsung drives.
Well, the speed difference is about to get even more noticeable. Samsung told me that it sold out of the 470 series OEM SSDs late last year and the company only makes a much faster variety: the 830 series.
How fast is the 830 Series controller/chips? I had a chance to speed test the popular 2.5-inch 830 model late last year when it debuted. Typical speeds were over 400MB/s write and 500MB/s reads (below, left). That is almost twice as fast as the current MacBook Air SSD from Samsung (below, right), which itself is significantly faster than Toshiba’s SSD.
Samsung stopped short of announcing it is shipping the 830s to Apple, but the company confirmed it ran out of 470s a while ago and all of its SSD customers were receiving the updated 830 series. Samsung also confirmed that Apple is still a customer.
Today I ventured to the Las Vegas Apple Store to check the speeds of the MacBook Airs. I checked a new 128GB MacBook Air right out of the box which had the same “APPLE SSD SM128C” listed in System Profiler as my year-old Air. I checked the speed and it is indeed the old disk (same as above, right), which means the new Samsung SSDs haven not hit stores —at least here anyway.
Theoretically, a few things could happen at this point…
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