AT&T profits up, but stock takes hit after
hot gadget cools
Bloomberg Jul 24, 07 4:18 PM CDT
(Newser)
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Sales of the iPhone, the joint Apple-AT&T venture that jolted the tech world in June, have cooled—only 200,000 units moved this month, compared to an estimated 700,000 during the premiere weekend alone. Apple shares were down more than 6% today on the news. Meanwhile, AT&T profits jumped 61% in the second quarter: Bloomberg reports that the telecom giant's net income rose to $2.9B from $1.8B.
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Vulnerability could make must-have gadget a target for hackers
New York Times Jul 23, 07 5:07 PM CDT
(Newser)
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A software vulnerability in the iPhone could allow hackers to commandeer the device and steal personal information, such as text messages and contacts, or even dial expensive calls, the New York Times reports. The hack works through either a WiFi connection or by steering users to a site containing malicious code that compromises the phone's Web browser.
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Snazzy gadgets cause wireless problems, headaches for university IT staff
News & Observer (Raleigh) Jul 19, 07 7:34 PM CDT
(Newser)
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Wireless access points on the Duke campus are going dead for 10 to 15 minutes at a time, and the university has 100 to 150 suspects: iPhones. An IT spokesman tells the News and Observer the devices are hammering the university's wireless network with up 18,000 connection requests per second, "the electronic equivalent of repeated knocking on the door."
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Tempting fate can cause permanent damage
Reuters Jul 12, 07 3:32 PM CDT
(Newser)
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The story of a jogger with Y-shaped burns, a broken jaw, and hearing damage ends in an important moral: Forget your iPod during thunderstorms and try singing in the rain. The metal in earphones—any earphones, not just the chic white buds—can conduct the electric current from a lightning strike, Reuters reports, resulting in a real shock.
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Analysts guess $300 scaled-down version of popular gadget in the works
Reuters Jul 10, 07 2:55 PM CDT
(Newser)
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Apple will release a fewer-frills, cheaper counterpart to its wildly successful iPhone by the end of the year, a JP Morgan report claims. A Taiwan-based analyst cites an unnamed source in the supply chain and a patent application for a multifunctional handheld device with a circular touch pad, which Apple submitted last week.
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Supercool new gadget sells for double manufacturing costs
Bloomberg Jul 3, 07 3:14 PM CDT
(Newser)
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The 8GB model of the must-have iPhone retails for $600, but the parts cost Apple only $265.83—a 55% profit margin that helps account for the company's $186.1 million gross during the gadget's opening weekend, Bloomberg reports. A research firm took apart an iPhone to break down the component prices, which don't reflect spending on marketing or R&D.
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iTunes talks with major label said to be ongoing
San Francisco Chronicle Jul 3, 07 11:48 AM CDT
(Newser)
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iTunes and the Universal Music group are still at the bargaining table, and reports that the online retainer and the megalabel have changed the terms of their agreement are "just not true," Apple says. The tech giant contradicted a report in yesterday's New York Times, saying through a spokesman that it's "still negotiating with Universal."
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First-weekend sales look like they'll double earlier estimates
CNN Jul 2, 07 10:13 AM CDT
(Newser)
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First-weekend sales of Apple's much-anticipated iPhone may even beat the hype, reaching 500,000, according to one expert who earlier forecast sales in the 200,000 range. In some locations, 50 cashiers were processing over 1000 iPhones an hour, reports CNNMoney. Apple has set a goal of selling 10 million units by the end of 2008, with experts estimating 3 million in 2007.
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Major music vendor will pull out of long-term contract with Apple
New York Times Jul 2, 07 7:53 AM CDT
(Newser)
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In the latest volley in the escalating war between the music industry and Apple's iTunes, Universal Music Group will not renew its contract with the online music seller, the New York Times reports. The digital retailer will still feature artists signed by Universal, the largest music company in the world, but the label can pull out at any time.
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Some early adopters report long delays in activating service
San Jose Mercury News Jul 1, 07 9:07 AM CDT
(Newser)
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The iPhone became available Friday, and the grousing started minutes later. Customers around the country reported long delays in activating service, and when they weren't able to use their new gadgets to call their friends to complain, they took their frustrations to the Internet, the Mercury News reports. "I have the latest and greatest in paperweights," one user wrote.
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Scalpers find imaginative ways to take a bite of Apple
Washington Post Jun 28, 07 5:00 AM CDT
(Newser)
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Apple and AT&T aren’t the only ones cashing in on the iPhone craze. The Washington Post reports on strategies—both high-tech and low-brow—being deployed to profit on tomorrow's release. Many of those camping on lines around the country are being paid for their trouble; offers on Craigslist have been running as high as $1,000.
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Influential Times reviewer gives gadget qualified imprimatur
New York Times Jun 27, 07 7:42 AM CDT
(Newser)
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The Times ' David Pogue joins a chorus of critics singing the praises of the iPhone, Apple's "gorgeous" cell-cum-iPod. Reviewers love the gadget's look, style, software, and usability. But they haven't failed to pick up a few clear drawbacks, including the sluggish AT&T network, the lack of video and the clunky text messaging on the $500-$600 device.
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Tide of anticipation
may lift all boats in smartphone market
Los Angeles Times Jun 26, 07 10:07 AM CDT
(Newser)
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Rival phone-makers are wetting their lips for Friday's launch of the iPhone, even if it corners their market in the short term. T-Mobile, Motorola and other companies pushing their own multitasking smartphones hope that the splash Apple's device is already making will ripple out—particularly by popularizing expensive and underutilized extras.
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Alaskans who want the new gadget get a primer
Anchorage Daily News Jun 24, 07 7:37 PM CDT
(Newser)
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Technophiles who've been describing the iPhone as "cool" may not realize that residents of the coolest state want the gadget, too—and they don't much care that AT&T doesn't offer service in Alaska. An enterprising Anchorage Daily News reporter spells out the borderline-unethical details, which begin with getting your hands on the red-hot thingamabob, which goes on sale Friday.
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Exclusive service provider ready to go under the microscope
Wall Street Journal Jun 21, 07 8:42 AM CDT
(Newser)
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Day-after-Thanksgiving shopping madness may look like a tea party compared to the day the iPhone goes on sale, and AT&T says it's ready for a record-breaking launch next Friday. The company is hiring 2,000 extra employees to deal with anticipated demand for the sexy new gadget, the Journal reports, and beefing up security at its stores.
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More than twice
as many users as projected hear Apple's new gadget calling
ComputerWorld Jun 18, 07 3:09 PM CDT
(Newser)
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The iPhone doesn't even hit stores until next week, and already 19 million American cellphones users have it on their shopping lists. The estimate, drawn from a survey of 11,000 Americans, is good news for Apple, which projects sales of 10 million units through the end of 2008, and even better news for AT&T, the gadget's only US carrier.
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