Wall Street unimpressed by Beats acquisition: “Not what we want to see”

Wall Street

Judging by a roundup in The Wall Street Journal, analysts and investors appear not to share the enthusiasm for Beats acquisition express by Tim Cook and Eddy Cue. While Cook said he was “excited [...] about this new chapter in our history” and Cue believed that “combining the two companies will help [music] grow again,” Wall Street is more skeptical.

“To see this kind of money spent for a company that gets most of its revenue from hardware business is not what we want to see,” said Dan Niles, chief investment officer of hedge fund AlphaOne Capital Partners …

Read more

Opinion: Will Apple’s Smart Home concept bring home automation to the masses?

main

It’s the 21st Century: weren’t we all supposed to be living in automated homes by now? Where we walk in the door after a long day to have our home playing some soothing music, informing us that it’s run us a bath and that dinner will be ready in 45 minutes? Where a robot has done the cleaning, changed the flowers, accepted a parcel that arrived while we were at work and fed the cat?

That dream seems to be a long time coming. I’m a reasonably techy guy who loves the idea of home automation, yet even I only have three examples in my home (which I’ll mention along the way). Most mass-market consumers haven’t even noticed that the products exist, and the few who have tend to view it all as too complicated or fiddly.

If anyone can change that perception, it’s Apple. Which is why the Financial Times report yesterday that Apple is working on a new approach to home automation that may be unveiled at WWDC next week caught my attention …  Read more

Samsung’s lawyers calling Apple a “Jihadist” and the trial “Apple’s Vietnam” not helping settlement talks …

both

While FOSS Patents’ Florian Mueller may be confident of Apple and Samsung reaching an early settlement on their patent disputes, a court-mandated update on the talks seems to tell a different story, with each side explaining why talks were not going well, reports The Verge.

For Apple, that includes statements made by Samsung’s lead attorney John Quinn, who referred to Apple as a “jihadist” and called the protracted trial “Apple’s Vietnam” in a pair of interviews …

Read more

13th anniversary of first Apple Store: risky gamble to most profitable retail space in the world

Today marks the 13th anniversary of Apple’s retail stores, the first ever store having opened at 10am on 19th May 2001 at Tysons Corner Center in McLean, Virginia. The video above shows Steve Jobs giving a preview of the store six days before it opened, and below the fold you can see an animated GIF of the growth of the U.S. stores since then.

Amazing as it seems today, the move was considered at the time to be a risky gamble, with critics arguing that they couldn’t possibly make money. Businessweek ran a story entitled Sorry Steve, Here’s Why Apple Stores Won’t Work and TheStreet.com agreed in a piece headlined Apple’s Scraping the Bottom of the Barrel …  Read more

Apple and Beats not such strange bedfellows, argues Bloomberg

beats

Steve Jobs and Jimmy Iovine in 2008 (Photo: Jeffrey Mayer/WireImage via Getty Images)

A Bloomberg analysis of the presumed acquisition of Beats Electronics by Apple says that while the two companies may have very different cultures, the partnership is not so strange as it might first appear.

“These aren’t strange bedfellows at all,” said Peter Csathy, chief executive officer of entertainment law firm Manatt Digital Media Ventures. “Steve Jobs really drove the relationship with the music industry. The executives at Apple and Beats know each other very well, and there’s a comfort level there” …

Read more

Despite court battles, Apple switches back to Samsung as main iPad display supplier

ipad

The court battles between the two companies doesn’t seem to have harmed Samsung’s position as a key supplier of components to Apple. DisplaySearch figures show that Apple switched from LG to Samsung as the primary supplier of its display panels for iPad Air and iPad with Retina display last quarter, reports CNET.

Samsung Display reclaimed its position as the top iPad display panel supplier, shipping 5.2 million units of 9.7-inch panels with a resolution of 2,048×1,536, accounting for 62 percent of total shipments of that display size and resolution [...]

LG Display [...] saw its share of that display size/resolution plunge to 38 percent in the first quarter from about 61 percent in the fourth quarter of 2013 …

Read more