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Nine 'money' stories October 2013 - April 2016
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Apple continues to dominate tech companies financially, took 40% of all profits in Silicon Valley last year

Avatar for Benjamin Mayo Apr 25 2016 - 3:24 am PT
11 Comments

Although slowing iPhone growth began to impact Apple’s bottom line numbers in the last quarter of the year, the company dominated Silicon Valley in 2015 as far as finances are concerned. In a survey of public tech companies in the Valley, total profit was $133 billion. Apple, alone, recorded profit of $53.7 billion dollars, responsible for 40% of the entire profit pool. The data was collected by SiliconValley.com.

Apple also ranked no. 1 by far in revenue, taking $234 billion in sales. Trailing far behind, the next closest was Alphabet (Google), at $74 billion …


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First OS X ransomware detected in the wild, will maliciously encrypt hard drives on infected Macs [Update: How to fix]

Avatar for Benjamin Mayo Mar 6 2016 - 11:18 am PT
50 Comments

 

Update: Version 2.92 of Transmission has now been released. This claims to actively remove the ‘KeyRanger’ malware files from the infected Mac.

OS X users have today been hit with the first known case of Mac ‘ransomware’ malware, found in the Transmission BitTorrent client released last week. Infected versions of the app include ‘KeyRanger’ malware that will maliciously encrypt the user’s hard drive after three days of being installed. The malware then asks for payment to allow the user to decrypt the disk and access their data — the ‘ransom’.


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Apple made more revenue from iPhone in a single quarter than Google has ever made from Android

Avatar for Benjamin Mayo Jan 22 2016 - 4:23 am PT
49 Comments

The lawsuit between Oracle and Google is inadvertently revealing some confidential information about the companies. It has already been disclosed that Google paid Apple a $1 billion fee in 2014 to keep Google as the default search provider for iOS Safari, as well as a revenue sharing agreement where Google gives a substantial portion of the iPhone search ad revenue to Apple.

Another lawyer from Oracle has also stated that Google has generated $22 billion in profit and $31 billion in revenue from Android in its lifetime, via Bloomberg. Although any number in the billions is impressive, it pales in comparison to Apple’s mobile platform profiteering. As highlighted by Quartz, Apple made more revenue from the iPhone in one single quarter, raking in $32 billion dollars worth of iPhone sales from July – September.


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Intuit’s Mint app adds new bill reminder features, accessibility improvements, more

Avatar for Zac Hall Mar 3 2015 - 8:45 am PT
3 Comments

The popular Intuit-owned Mint finance management app updated to version 4.1 today adding new bill reminder features, more accessibility support, and general improvements all around.

Highlighted in the new version is the ability to manage bill reminders right from the app. For the iPhone version, bill reminders can be created, edited, and managed from the latest version of the app. A change to the Overview tab wraps all this together.

Mint has also enhanced the newly added Updates view to show upcoming bill due dates. The new Upcoming Bills Card will present any bills with a due date within the next seven days.

In terms of accessibility, Mint has added support in a number of areas of the app. This includes the login, signup, split transactions and transaction detail pages.

Mint 4.1 for iPhone and iPad is available for free on the App Store.

The iPhone and iPad reportedly captured 93% of mobile device profits in holiday quarter, 79% across 2014

Avatar for Benjamin Mayo Feb 9 2015 - 8:01 am PT
1 Comment
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Apple reported the largest profit ever recorded by a public company in the holiday quarter, mostly driven by sales of 74 million iPhones with an average selling price of $687. According to Cannacord, this meant Apple captured 93% of handset smartphone profits. Perhaps more staggering is that it claims Apple dominated on similar levels across the entire of 2014 — with 79% of mobile device profits.

The analyst expects continued growth for the iPhone for the next few users, with an estimated 650 million iPhone users by the end of 2018.


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Square Cash now lets you send money over text messages, add notes to payments, more

Avatar for Zac Hall Aug 26 2014 - 10:38 am PT
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Square launched its app Cash last fall making the process of sending money from your bank to other people over email, and today the company is introducing the next major version of its app. Square Cash 2.0 introduces a list of new features including the ability to now send a transaction over text messaging in addition to email and attach notes to payments for adding context to a transaction. Below you can see the full list of changes in the new version.

What’s New in Version 2.0

Everything is better in Cash 2.0!

• Send cash to any mobile phone number via text message.
• Faster, optimized sending interface.
• Import your address book for quick contact selection.
• Add a note to your payments.
• Pick a profile picture.
• Choose push notifications, text messages, or email notifications.
• Manage all of your email addresses and phone numbers in one place.
• Quickly approve incoming requests from a push notification or text message.
• Invite friends via text message and get $1 when they join.

Square Cash 2.0 is available for free on the App Store.

 

Square launches Square Cash, allowing money transfers between anyone through email

Avatar for Mike Beasley Oct 15 2013 - 6:26 pm PT
15 Comments
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Square has just launched a new service called Square Cash, which allows quick money transfers between any two parties using through an email. Contrary to what you might be expecting, you don’t need to sign up or get all of your friends onto Square Cash to share funds. Instead, you just need to link a debit card to your account.


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