Tech Industry Yesterday

AAPL: 100.41

0.79
Stock Chart

The Financial Times is reporting that Apple considered a buyout of Time Warner late last year, with Apple executive Eddy Cue raising the idea at a meeting with Time Warner’s head of corporate strategy, Olaf Olafsson. The idea of bid was very much tentative and did not enter serious negotiations involving Tim Cook, according to the report. However, Apple is still interested in acquiring media company talent and sources indicate the company is ramping spending on original content: “several hundred million dollars a year”.

Apple has long been rumored to want to launch a skinny cable subscription service for internet television, in concert with its Apple TV set top box. At Startup Fest earlier in the week, Tim Cook said he wants Apple to be a catalyst in the entertainment business.

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The team behind Pixelmator has today released yet another free update to its Mac photo editor, Pixelmator version 3.5 ($29.99 in the Mac App Store). Alongside the usual round of performance improvements and bug fixes, the app includes a few handy new end-user features. There’s a smarter Auto Selection tool and a brand new Magnetic Selection tool to accurately and quickly cutout objects from a scene in a photograph. There’s also a brand new Retouch extension for the native OS X Photos app, integrating refined brush-style edits into iCloud Photo Library. Video demo after the break …

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Tech Industry May 25

AAPL: 99.62

1.72
Stock Chart

Ten months after Microsoft wrote-off its Nokia acquisition, the company has now announced that it is effectively out of the consumer phone business. It is cutting 1,850 jobs, and setting aside almost a billion dollars to cover the costs of exiting the business.

Microsoft on Wednesday announced plans to streamline the company’s smartphone hardware business, which will impact up to 1,850 jobs. As a result, the company will record an impairment and restructuring charge of approximately $950 million […]

“We are focusing our phone efforts where we have differentiation — with enterprises that value security, manageability and our Continuum capability, and consumers who value the same,” said Satya Nadella, chief executive officer of Microsoft.

The company recently saw its market share fall below 1%. While Microsoft is – for now – insistent that it has a future in the corporate smartphone business, the reality seems doubtful …

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Tech Industry May 24

AAPL: 97.90

1.47
Stock Chart
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